General Information
Buxberg, a trading name of Buxberg Ltd, is allegedly a forex broker registered in Hong Kong that claims to provide its clients with over 2,000 tradable assets with leverage up to 1:400 and low commissions on the desktop, Web Trader and mobile app trading platforms, as well as a choice of six different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that Buxberg does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score. Please be aware of the risk.
Pros and Cons
Buxberg offers a wide range of trading instruments and multiple account types to accommodate various traders. It provides competitive leverage and user-friendly trading platforms. However, the lack of regulatory oversight, limited information on spreads, uncertain non-trading fees, absence of bonus offerings, and restricted customer support availability are aspects that potential users should consider before choosing Buxberg as their broker.
Market Instruments
Buxberg has a broad trading instrument library as a result of its decision to employ CFDs as its trading option of choice. Thats beneficial for users, as they can diversify their portfolio easily with top options from various asset classes. It also leaves room for experimentation which has the option of going to the moon.
Here are the trading instrument classes at buxberg.com:
Forex：EUR/USD, GBP/USD, USD/CAD, and USD/CHF
Stocks：AMZN, TESLA, MSFT & many more
Commodities：metal, energy and agro-based
Indices: multiple benchmark indices
Cryptocurrencies：Bitcoin, Ripple, Litecoin, and Ethereum
Account Types
Buxberg offers multiple trading account options to accommodate traders of varying experience levels and needs. These accounts include the Beginner, Standard, Intermediate, Advanced, Integral, and VIP accounts.
The Beginner account is designed for novice traders and requires a minimum deposit of $2,500. It provides basic market access, mobile trading capabilities, no extra fees, one-click trading, and daily analysis.
The Standard account, with a minimum deposit of $5,000, offers similar features to the Beginner account. Additionally, it provides the option for swap-free/Islamic accounts and daily analysis.
The Intermediate account requires a minimum deposit of $25,000 and includes basic market access, market coverage, swap-free/Islamic accounts, no extra fees, and daily analysis.
Traders looking for more advanced features can opt for the Advanced account, which has a minimum deposit of $50,000. It offers basic market access, a personal account manager, swap-free/Islamic accounts, market coverage, and daily analysis.
The Integral account, requiring a minimum deposit of $100,000, provides full market access, a personal account manager, special market coverage, market coverage, and the ability to implement trading strategies.
For high-volume and experienced traders, the VIP account offers custom market access, a VIP personal manager, special event invitations, private instant support, and the freedom to use trading strategies. The minimum deposit for this account type is $250,000.
Each account type has its own minimum deposit requirement and varying features, allowing traders to choose the account that suits their trading goals, experience level, and preferred features.
How to Open an Account:
1. Visit the Garnet Trade website. Look for the “Trade Now” button on the homepage and click on it.
2. Sign up on websites registration page.
3. Receive your personal account login from an automated email
4. Log in
5. Proceed to deposit funds to your account
6. Download the platform and start trading
Leverage
A leverage ratio of up to 1:400 is offered by Buxberg, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Commissions
Buxbergs website says on its home page that it offers low commissions, yet no specific value of commissions is involved directly.
Non-Trading Fees
The Terms of Use for Buxberg state that certain additional charges may apply due to unforeseen and unstable market conditions. It also mentions the possibility of a 4% annual interest rate and the potential for spreads to change if necessary. Additionally, it suggests that if users fail to meet statistical requirements or maintain an adequately active account, they may be subject to penalties. While these points are mentioned, the extent and applicability of these fees and penalties are not explicitly defined, making it difficult to assess their reasonableness.
Trading Platform Available
Buxbergs in-house trading platform is available on desktop and through a web trader and a mobile app. The platform is designed to be user-friendly, deliver fast trading execution, and provide functions such as setting stop-losses and take-profits.
WebTrader key features:
One-click trading with multiple trading orders and execution modes
Access to the global markets right away, without any installation
Complete account history access, reliable data protection
Mobile Platform
The brokers mobile trading platform kept most of the functionality of its desktop version. The app is intended to offer mobile charting capability and an intuitive, easy-to-use experience for traders. The platform works with Android or iOS devices, catering to standard trading.
Mobile trading platform key features:
Android
Trade directly on charts in the android version with real-time quotes
Full set of trade orders, supporting all types of trading execution modes
Complete view of accounts trading history
iOS
Intuitive charting and analysis tools on any iPhone or iPad device
Full set of trade orders, supporting all types of trading execution modes
Complete view of your accounts trading history
Deposit & Withdrawal
Getting started will require a minimum of $2,500 to enter your account if you start at the beginner level. This can increase to $5,000, $25,000, $50,000, $100,000 and finally $250,000 for VIP customers. This is a broad range and should suit most budgets. Getting your deposit into the account is available through debit card, credit card and e-wallet payments.
Buxberg minimum deposit vs other brokers：
Customer Support
They offer a live chat function, which is probably the fastest way to get in touch. Head to the support page and click on the ‘live chat’ button to begin. You will need to enter your name, email address and a message. They should get back to you straight away Monday to Friday. But dont expect any swift coverage at the weekend. There is also a 1-800 phone number that you can use. But again, this is in use 24/5. Finally, an email address is also present for any inquiries that you may need to think about and express in a longer form.
Phone: +18007875082
Email: info@buxberg.com
Educational Resources:
Buxberg provides a comprehensive range of educational tools to support investors in making informed decisions and achieving their investment goals. They offer market analysis and economic indicators that can assist in studying market movements and planning investments effectively.
Their proprietary software is available as a web-based desktop product and a downloadable app, catering to both Apple and Android users. This allows for easy access to their platform and ensures a user-friendly trading experience. Buxberg recognizes the growing trend of mobile trading and has taken proactive steps to accommodate the needs of mobile users.
User Experience and Additional Features:
One of the additional extras that we were particularly pleased with during our Buxberg review was the Market News section. This is essentially a video that the brand produces showing how the market is changing. They offer advice to show how to adapt your trading styles to compensate for any unpredictable happenings. In addition, its also a great way to keep on top of any potential shifts that may be coming down the road.
Anyone serious about creating a long-term trading journey needs to have access to as much information as possible. And through the market news videos provided by Buxberg, clients can gain a real advantage over some of the competition.
Conclusion:
Buxberg is a Hong Kong-based broker that provides traders with a wide range of trading instruments and multiple account types. While it offers competitive leverage and user-friendly trading platforms, it is important to consider factors such as the lack of regulation, limited information on spreads, uncertain non-trading fees, absence of bonus offerings, and restricted customer support availability. Traders should carefully evaluate these aspects before deciding to open an account with Buxberg.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
FAQs:
Q: Is Buxberg a regulated broker？
A: No, Buxberg is not a regulated broker.
Q: What account types does Buxberg offer？
A: Buxberg provides Beginner, Standard, Intermediate, Advanced, Integral, and VIP accounts to accommodate traders with varying needs and experience levels.
Q: What is the minimum deposit requirement for opening an account with Buxberg？
A: The minimum deposit for Buxberg is $2,500.
Q: What trading platforms are available on Buxberg？
A: Buxberg offers a desktop platform, a web trader, and mobile apps for both Android and iOS devices.
Q: What are the available deposit methods on Buxberg？
A: Buxberg accepts Visa, MasterCard, and Secure SSL for depositing funds.
2023-03-16 13:43
