ANSWER Blufx is an UNLICENSED broker and should be avoided at all events. Blufx claims to be owned and operated by BluFX Ltd, a UK-based company while presenting zero details about its regulatory information, which is always a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position.Besides, as mentioned on its "Terms & Conditions," this broker "shall be governed by and construed in accordance with English law," however, we didn't find any results matching "BluFX Ltd" from the UK's Financial Conduct Authority (FCA). So Blufx is actually not regulated by any financial regulator. That means investors' fund in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam.We would recommend you to stay away from Blufx and any other unregulated brokerages, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
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