Welcome to the registration to BluFX Ltd (“us”, “we”) website and its related services. You may access many areas of our website without registering your details with us. Certain areas are only open to you if you register. The terms and conditions which govern material submitted by you to us and your use of the www.blufx.co.uk website (including all ‘BluFX’ branded microsites and any email bulletins) are governed by our general “Terms and Conditions of Reading”. These Terms and Conditions of Registration are in addition to the general Terms and Conditions of Reading.
1.1 • By registering here and creating your “BluFX Profile”, you can access different services that are offered by us without having to register for each service separately. If a service you wish to subscribe to has additional terms and conditions, you will be asked to accept these separately.
1.2 You agree that:
(1) • You will keep your username and password safe, and won’t share them with anyone.
(2) • You will not pass yourself off as someone else or create multiple, false accounts.
2.1• If you breach these or any of our other terms and conditions we reserve the right to close your account, if we do so, we may close all accounts you have open in your name.
2.2 • To deactivate your account please contact our support team; their details can be found under “contact us” on our home page.
3.1 • You can update your personal details (including your account and marketing preferences) by accessing your account at your BluFX Profile page and making any necessary changes; this will update your details across all services that you have subscribed to.
5.1 • No waiver by us of any breach of these terms shall constitute a waiver of any other prior or subsequent breach and we shall not be affected by any delay, failure or omission to enforce or express forbearance granted in respect of any of your obligations.
5.2 • The rights and remedies of is under these terms are independent, cumulative and without prejudice to its rights under the law.
5.3 • These terms are not intended to create and shall not create any rights, entitlements, claims or benefits enforceable by any third party by virtue of the Contracts (Rights of Third Parties) Act 1999.
5.4 • These terms and/or your use of the website shall be governed by and construed in accordance with English law and the English Courts shall have exclusive jurisdiction over any dispute which may arise.
6.1 • The trading account and all funds remain the property of BluFX, referred to as the account owner. Subscriber traders referred to as traders or subscribers are not liable for any losses incurred during their authorised and acknowledged trading activity on the owner BluFX's funded account. Subscribers have no title, ownership, investment or rights to the finds in the trading account. Subscribers may receive account credentials, trade execution rights and statements for the account on behalf of the account owner , yet are prohibited from any direct contact with, or instruction to the broker or any other intermediary. Any such direct and non BluFX sanctioned contact with any BluFX broker or intermediary will result in instant subscription termination and trading account closure.
6.2 • Traders are compensated on performance and target completion basis only. Traders keep 50% of their profits if and when a profit target of 5% is reached.
6.3 • Traders will initially manage a $50,000 trading book on Pro and Islamic subscription and $25,000 on Lite subscription.
6.4 • Traders may only trade on major and minor pairs. Any combination available of the following currencies may be traded as pairs: CHF, USD, GBP, EUR, JPY, CAD, AUD, NZD, XAU.
6.5 • Traders may not trade exotic pairs or indices. Non of the following currencies may be traded: XAG, SEK, CHN, HKD, MXN, NOK, DILS, ZAR, TRY. Trading in any of these currencies is classed as unauthorised trading activity.
6.6 • All traders must adhere strictly to a maximum drawdown of 10% of starting balance. Any trader breaching the maximum drawdown must stop trading. Continued breach of the maximum drawdown will be classed as unauthorised trading activity.
6.7 • Hedging is not allowed. 2 or more opposing positions that result in margin limit breaches are deemed to be unauthorised trading activities.Traders may not use EA's, scripts or robots. Nor may traders engage in copy trades, hedging or following other traders' entry and exit signals. All trades must be based on the traders own analysis and decisions.
6.8 • BluFX are not responsible for any technical issues arising from the usage of MT4 or any other systems provided by their appointed brokers.
6.9 • Only one account per individual is permitted. Subscribers will be billed on a recurring 30 day rolling period. Subscribers may cancel at anytime by sending a cancellation request email to email@example.com
7.1 • Trading hours for the Lite account are 0600 – 2100 London time, (0800 - 2300 MT4 time) Monday - Friday. All positions must be closed on Fridays at 2100 London time (2300 MT4 time).
7.2 • Lite account traders may not open new trades outside the trading hours or hold open positions over the weekend.
7.3 • Pro and Islamic subscription traders have 24-hour trading, they are authorised to open, hold or close positions whenever the markets are open. However, all trades must be closed at 2100 on Friday (2300 MT4 time) No trades may be held over the weekend.
7.4 • Promoted traders may be subject to additional conditions defined in section 12.
8.1 • Any pattern of unauthorised trading will leave the trader ineligible for withdrawals, renewals or account growth.
8.2 • Any pattern of unauthorised trades after a warning will result in instant account closure.
8.3 • Any funds gained in the trading account as a result of unauthorised trades will be removed from the account and credited to BluFX at investor/trader withdrawals. Losses will not be moved unless they are in an unauthorised currency..
8.4 • All actions related to unauthorised trading activities are implemented autonomously by our signature award winning machine learning AI risk system and are final.
8.5 • Warnings related to unauthorised trading activity may not always be sent before action is taken by the risk system..
8.6 • Only one account per verified individual is permitted. Traders are not permitted to allow others to trade their account and may not trade on any other BluFX account. IP addresses, device IDs and behavioural data maps will be used by the automated risk system as a basis for determining unauthorised trading activity.
8.7 • All traders must be contactable on the telephone number provided during verification at anytime a position is held in the markets. BluFX reserve the right to demand extra video verification at anytime. Failure to contact the trader or to verify identity will result in trade deletion and/or account suspension
9.1 • Traders are compensated on a profit split basis only. Traders keep 50% of all profits if and only when a profit target of 5% is reached.
9.2 • Requests for withdrawal can be made whenever the account balance is at least the original 100% + 5% and the subscription is active
9.3 • Withdrawals in blocks of 5% above original balance are deducted upon request from the trading account. There are no limit on the amount of withdrawals made on a monthly basis. An equal share of 50% of every account withdrawal is transferred to the investors pool and to the traders equity account and is held separately from the trading account. The total amount requested from equity will be sent to the trader on the 25th of each month.
9.4 • Withdrawals are processed up to the 20th day of each month and payouts to the trader are made on the 25th of each month.
9.5 • Payments will be made by bank transfer, Skrill or PayPal to an account in the traders own name. Alternative payment methods may be available, however the trader must ensure that bank transfers related to FX are receivable by the institution and its regulators in the traders geographic location. BluFX partners with local brand ambassadors in various countries to assist in payout.
9.6 • BluFX will not be responsible for failure to deliver a payout due to adverse regulatory directives or rejection in any country or region. Nor will payment be re sent in the event of rejection of transfer by the receiving foreign institution.
9.7 • BluFX does not charge for trading account withdrawals or payout to Uk banks, Paypal or Skrill. The receiver may be charged by the payment system. Foreign bank transfers will be subject to a £50 fee by the 3rd party payment company used by BluFX.
10.1 • Refunds may be requested within 14 days of INITIAL subscription
10.2 • The amount receivable is based on the number of days remaining on licence divided by 30, and then multiplied by the licence fee.
10.3 • Any losses made during the period of subscription are deducted from refund amount.
10.4 • If losses exceed the value of the amount in 10.2 then the trader is ineligible for a refund
10.5 • Refunds will not be issued should the trader continue to trade after requesting the refund.
10.1 • All Traders with negative balances, without open positions or resting orders may receive refinance back to the initial balance of $25000 or $50000 for an extra charge
10.2 • This is subject to approval by the risk team after the second request and is only available to those without unauthorised trades on record.
11.1 • Pro and Islamic subscriber accounts will be doubled in size by means of a capital injection once 10% profit on the initial starting capital is realised. Such accounts will be grouped by stage and the account manager thereafter classed as promoted trader. The 10% growth deposit must be maintained in the account and may not be withdrawn. 5% profit withdrawals are separate and may be withdrawn at anytime.
11.2 • Promoted traders will be further grouped by stage for risk management and will receive gradual easing of all restrictions.
11.3 • Promoted traders may not withdraw any of the growth deposits of 10%
11.4 • Promoted traders must respect the drawdown limit of 10%. Any breach of the maximum drawdown level will result in the additional funding being removed.
12.1 • There is no increase in monthly fee for any of the promotion stages.
12.2 • Stage 2 promotion earns removal of the 0.5 order cap
12.3 • Stage 3 promotion earns 24 hour trade opening (No weekend position holding)
12.4 • Stage 4 promotion earns weekend position holding, removal of 5% withdrawal minimum and no monthly subscription
13.1 •All Traders with 6 months continuous subscription and without unauthorised trades or drawdown breaches on record will be granted all the benefits of Stage 3 promotion plus the ability to hold positions over weekends
14.1 • BluFX or its brokers may change margin requirements at anytime in line with perceived or actual excessive changes in volatility and/or liquidity.
14.2 • BluFX or its brokers may cancel orders or trades at anytime in line with perceived or actual risk of non execution of stop or limit orders due to market conditions
14.3 • BluFX or its brokers are not responsible for the variable spread, liquidity levels or limit order execution parameters provided by liquidity providers and market makers.