Due to new ESMA regulatory requirements, there are restrictions on the maximum Multiplier BUX X 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:


Product
Maximum Multiplier - Retail client
Maximum Multiplier - Professional client
CFD Stocks
1-5
1-10
CFD Indices
1-20
1-100
CFD Currencies
1-30
1-100
CFD Crypto-currencies
1-2
1-3
CFD Commodities
1-20
1-50


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 *GBP 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 X.


* For UK clients this value is GBP 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 in the past year. (significant size means a notional trade size of GBP 5,000 (or currency equivalent) for cryptocurrency and single stocks, and GBP 40,000 for other asset classes).


  • You will need to  send us a statement or ledger that will show enough trades of the required value at other brokerages. Or mention that you feel you have done this with BUX.



If you do meet 2 of the above criteria and are interested in being classified as a professional client with BUX X, all you need to do is send us an email at support-x@getbux.com and we will get back to you shortly.