ANSWER BUX Forex is not a licensed or regulated broker even though it states offers that look good to be true. BUX Forex claims to be regulated by the United Kingdom Financial Conduct Authority (FCA) with license number 184333. We searched FCA and found a company named BUX Financial Services Limited. However, the approved website of this company did not match the one used by BUX Forex. Moreover, FCA issued a warning that BUX Forex was a clone firm, which used the details of firms UK FCA authorized to try to convince people that it works for a genuine, authorized firm. You can check the full warning from here.The truth is, BUX Forex is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like BUX Forex and trade with licensed brokers.
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