The decision came after BUX was acquired by Dutch lending giant ABN AMRO.
It offered CFD clients the option to migrate their accounts to AvaTrade.
A notice on the website of Stryk
BUX, the Dutch neobroker now fully owned by ABN AMRO, has quietly closed down its contracts for differences (CFDs) platform, Stryk, as it focuses “more on mid and long-term investing via the BUX app.” It has also allowed customers to migrate their accounts to AvaTrade, another CFDs broker.
Stryk Decommissioned
“We are reevaluating the position of speculative trading products within our group’s overall offering,” the FAQ section of the now-closed platform noted. “As part of this change in strategy, we are decommissioning Stryk, our CFD trading app.”
Elaborating on the decision to close the platform, BUX highlighted that it has been increasing its focus on “long-term wealth creation” and the “decommissioning of Stryk completes the strategic pivot.” It will also allow the company to “streamline [its] operations and allocate resources more efficiently.”
Further, the regulatory environment also played a role. “The landscape for CFDs has changed significantly since we entered the CFD market,” the website of the closed platform added. “In this environment, we believe that our resources are better directed towards the BUX mobile app, which focuses on mid and long-term investing and is poised for healthy growth in the coming years.”
Rebranding to the Strategic Path
BUX initially launched its CFDs offerings under the brand BUX X but rebranded it to Stryk in July 2022 to differentiate it from the company’s zero-fee trading app, which was also rebranded to BUX from BUX Zero in mid-2023.
Also, the group operated the CFDs business under its UK-regulated entity. However, it shifted the CFDs business under the Cyprus-regulated BUX Europe to expand the services in the European markets. Although the Stryk brand has been decommissioned, according to the regulatory registry, BUX Europe still holds the Cyprus Investment Firm licence.
Details of the Cyprus Investment Firm license of BUX Europe on CySEC's registry
While it is unclear when exactly Stryk was closed down, Wayback Machine shows that the step was taken at the beginning of this year.
Meanwhile, the acquisition of the Netherlands-based BUX was recently completed by the local lending giant ABN AMRO, which will now mark its presence in the retail investment markets. However, the financials of the deal remain unknown.
BUX, the Dutch neobroker now fully owned by ABN AMRO, has quietly closed down its contracts for differences (CFDs) platform, Stryk, as it focuses “more on mid and long-term investing via the BUX app.” It has also allowed customers to migrate their accounts to AvaTrade, another CFDs broker.
Stryk Decommissioned
“We are reevaluating the position of speculative trading products within our group’s overall offering,” the FAQ section of the now-closed platform noted. “As part of this change in strategy, we are decommissioning Stryk, our CFD trading app.”
Elaborating on the decision to close the platform, BUX highlighted that it has been increasing its focus on “long-term wealth creation” and the “decommissioning of Stryk completes the strategic pivot.” It will also allow the company to “streamline [its] operations and allocate resources more efficiently.”
Further, the regulatory environment also played a role. “The landscape for CFDs has changed significantly since we entered the CFD market,” the website of the closed platform added. “In this environment, we believe that our resources are better directed towards the BUX mobile app, which focuses on mid and long-term investing and is poised for healthy growth in the coming years.”
Rebranding to the Strategic Path
BUX initially launched its CFDs offerings under the brand BUX X but rebranded it to Stryk in July 2022 to differentiate it from the company’s zero-fee trading app, which was also rebranded to BUX from BUX Zero in mid-2023.
Also, the group operated the CFDs business under its UK-regulated entity. However, it shifted the CFDs business under the Cyprus-regulated BUX Europe to expand the services in the European markets. Although the Stryk brand has been decommissioned, according to the regulatory registry, BUX Europe still holds the Cyprus Investment Firm licence.
Details of the Cyprus Investment Firm license of BUX Europe on CySEC's registry
While it is unclear when exactly Stryk was closed down, Wayback Machine shows that the step was taken at the beginning of this year.
Meanwhile, the acquisition of the Netherlands-based BUX was recently completed by the local lending giant ABN AMRO, which will now mark its presence in the retail investment markets. However, the financials of the deal remain unknown.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Prop Firms and Brokers Form a Perfect Synergy: One Offers Access, the Other Capital
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
