It is now possible to apply for a ‘professional client’ status with BUX.  This will mean that you will be allowed to trade with a higher Multiplier.  

Due to new ESMA regulatory requirements, there are restrictions on the maximum Multiplier BUX can offer. This applies to everyone classified as a retail client. However, if you are eligible to be classified as a professional client, you can be entitled to a higher Multiplier.

ProductMaximum Multiplier - Retail clientMaximum Multiplier - Professional client
CFD Stocks1-51-10
CFD Indices1-201-100
CFD Currencies1-301-100
CFD Crypto-currencies1-21-3
CFD Commodities1-201-50

Keep in mind that the guaranteed stop loss per trade, the negative balance protection on your account, and the GBP 50,000 FSCS protection all remain applicable. 

To qualify for a professional client status, you will need to meet at least two out of three criteria outlined below by ESMA:

1) Professional Experience: You have worked in the financial sector for at least one year. 

You will need to provide answers to the following questions:

  • What is the name of your employer?
  • Is the employer regulated by the FCA or any other financial regulatory body?
  • What is your specific job title?
  • Please provide a brief summary of how you feel the job has developed your knowledge and experience of leveraged product.

2) Size of Portfolio: You have an investment portfolio and/or savings account of *€500,000 or more. 

You will need to provide us with supporting statements showing your portfolio or account size.

  • Statements must have been issued within the last 3 months
  • Keep in mind that this can be a cumulative total of multiple accounts, including your account with BUX

* For UK clients this value is £500,000, for Swedish clients Kr5,000,000 and for Danish clients Kr4,000,000

 3) Trading Experience: You have performed at least 40 trades of significant size (significant size means a notional trade size of €2,500 (or currency equivalent) for cryptocurrency and single stocks and €10,000 for other asset classes) in the past year. 

You will need to  send us a statement or ledger that will show enough trades of the required value at other brokerages

If you do meet 2 of the above criteria and are interested in being classified as a professional client with BUX, all you need to do is click here to go to the form and submit your details and you will be contacted via e-mail shortly.