BUX offloads FCA licensed entity to UAE CFDs broker APM Capital
BUX UK will be positioned as a sister company of APM Capital aimed at broadening its global footprint.
BUX UK will be positioned as a sister company of APM Capital aimed at broadening its global footprint.
BUX is now a wholly owned subsidiary of ABN AMRO, and will continue operating as a separate entity.
ABN AMRO’s venture arm, formerly known as ABN AMRO Ventures, was among the first companies to invest in BUX.
Arkadiusz Bujalski joins Zara FX from BUX, where he was Head of Customer Support for BUX’s Stryk CFDs brokerage brand.
Revenues of BUX UK dropped by 83% to £1.5 million in 2022 (from £9.2 million in 2021), leading to a 2022 net loss of £2.3 million.
Zara FX is an offshore broker run (mainly) from Dubai, targeting traders in the MENA and Asia regions.
357 Group will look to consult to FX and CFD brokers in areas including licensing, payments, tech, brokerage building and branding.
iBonds ETFs offer retail customers across Europe a cost effective access to the corporate bond market in today’s yield environment.
The change from BUX Zero to BUX follows the earlier brand name change of BUX’s CFDs trading platform BUX X to Stryk.
The interest rate is valid for all uninvested cash balances in BUX Zero up to €25,000.