Just as we saw in our FXRevenues review, any new customer offers will be hard to come by at Buxberg. With that being said, there are plenty of additional perks to joining the Buxberg community, as we detail further down our latest Buxberg review.
To begin, new customers can anticipate a seamless registration process that could have them up and running within five short minutes. In order to receive verified status, traders must pass the regulatory KYC and AML process at this stage.
The form itself is very similar to any other broker registration form you may have come across, requiring basic details to be entered, including country of residence, full address, name, date of birth, and preferred base currency. It is also at this stage where traders can input any promotional and referral codes they may have obtained.
For ease, we would suggest registering at the desktop site. However, we found no problems when looking to follow the same simple process via the dedicated mobile app for iOS and Android.
The next section of our Buxberg review looks at the user-experience of both the website and trading platform. As we have already mentioned, traders opting to join Buxberg will be able to access their full account and place trades equally as swiftly regardless of whether they opt to make use of the web or mobile version – more on that later.
So far as the website goes, we can’t help but liken it to our findings from our Finaguide review. Although Buxberg is much cleaner and professional in appearance, the layout almost perfectly mimics that found at Finaguide, allowing traders to join, login, reach customer support, and learn more about the platform within a couple of clicks (or taps for those using a mobile device).
You’ll find that the trading platform is incredibly responsive, allowing for real-time trades to be executed across 2000+ instruments. Multiple order types and one-click trading can also be utilized. Overall, we believe Buxberg offers one of the cleanest user experiences across the market.
At the time of writing, Buxberg offers its users the chance to make use of six account types. Across the board, traders can make use of a lot size of 0.01, mobile trading, one-click trading, and basic market access. However, as you make your way up the tiered system, you will soon see that the top perks are saved for VIP members.
Minimum deposits begin at £2500 and work its way up to £250,000 at the VIP stage. The standard account requires a £5000 minimum deposit and will offer traders of the Muslim faith the chance to open a swap free/Islamic account. An intermediate account will offer full market coverage but requires a slightly higher deposit value of £25,000.
As we move to the advanced account, we see the deposit rise to £50,000; however, many would argue the addition of a personal manager makes it worth it. The Integral account allows trading strategies and provides complete market access but it does require a minimum deposit of £100,000. For the complete Buxberg VIP experience, you will need to make a deposit of £250,000. This deposit will entitle traders to a VIP manager, custom market access, trading strategies, private instant support, and plenty more.
Buxberg states that traders will be subject to no additional fees, leading us to speculate that traders will not receive an inactivity fee, should they not access their accounts within a certain time period.
As evidenced in our most recent Demaxis review, we are finding many up-and-coming brokers are leaving their reliance on MetaTrader at the door and building their very own in-house platforms.
For some brokers, this has had a negative knock-on providing a sluggish experience to its users. However, based on our recent Buxberg review, we would have to say that the opposite appears to be the case here.
Currently, Buxberg traders can look to load up the platform online or via a dedicated iOS and Android app. We believe that all active traders will find the mobile application worthwhile; although, for those who take trading a little more seriously, the addition of one-click trading and additional execution modes will make the whole trading experience much more fluid.
Both online and mobile users can benefit from the analysis and indicator tools, real-time pricing, low-latency, access to complete user trade history and data protection.
So, you think you’re ready to fund your account? Great! This next section of our Buxberg review will have you covered.
Firstly, minimum deposits will vary depending on your chosen account type. Currently, the absolute minimum deposit is £2500. You can make this deposit using Visa, Mastercard and alternative methods, including e wallets, by visiting the client area and selecting deposit funds. Here, we suggest following all the on-site prompts and trusting the 226-bit SSL encryption to keep your transaction secure.
Buxberg charges no additional fees for deposits and withdrawals; however, depending on your chosen method, you can expect withdrawals to take up 5 days to reach your account. No deposits or withdrawals can be completed without complete account verification.
Fees: Competitive throughout
When reviewing the fees associated with trading at Buxberg, our experts were left pleasantly surprised. We know that any up-and-coming broker will need to offer a competitive pricing structure; however, we didn’t anticipate Buxberg to provide such tight spreads, zero transaction fees, low margin rates, and offer leverage of 1:400. As you would expect, fees and margin rates will vary depending on the account chosen, leading us to speculate that VIPs will receive the very best market prices and fees.
One final bonus to trading with Buxberg is that there are no hidden or additional fees to worry about – just another positive mark to add towards their overall rating!
Support is often overlooked when it comes to finding a reputable broker; however, as previously noted in our Kaarat review, it can soon become a critical part of the trading experience.
For new and experienced traders or investors, reliable and responsive support can be the difference between a successful trade and a disastrous one. Thankfully, Buxberg appears to provide a professional service that can help support its users through every aspect of their trading journey.
From the off, you’ll find all the information regarding Buxberg’s offer just by making your way around the website. From here, you can extend your search to the Support section and begin making your way through some well-answered FAQs.
If you can’t seem to find the answer you are looking for, Buxberg also provides support through a live chat feature, over the phone, via email, and even by post. Based on our latest buxberg review, we feel confident in suggesting that customers are a priority at Buxberg and traders can expect a response 24/5.
As you would expect, making use of the FAQs, live chat and telephone are the quickest ways to have your queries answered. Although, you will rarely wait any longer than 24 hours for an email response.
Here we go, the all-important section of our Buxberg review that focuses on whether Buxberg can be trusted with your funds.
Thanks to the 226-bit SSL encryption technology used across the Buxberg site, we feel confident that any transactions made will be impenetrable to third parties. Of course, the use of reputable banking methods is another tick in our book.
As we look beyond payments, we also see that Buxberg is a transparent broker that offers users the chance to review any important documents at any given time. If you wish to find out more about the terms and conditions, refund policy, etc, you can simply head to the bottom of the screen and select Legal & Regulation. It is while we were searching through this section that we also found that Buxberg is restricted in Iraq, North Korea and the US. Buxberg.com is also managed by Buxberg LTD and has HQs located in Hong Kong.
In this next section of our Buxberg review, we highlight the additional perks of the broker and anything that helps to set it aside from the crowd. Of course, that doesn’t mean you should disregard our Maxiwyse review entirely – every single trader has different needs and wants!
For those making use of the Buxberg platform, you can expect to receive many advantages including free access to daily analysis, free educational resources, the ability to trade over 200 assets, seamless execution with an average trade speed of 0.02 seconds, and shared expertise and knowledge from industry experts. Of course, depending on your account type, you’ll also receive assistance from your dedicated account manager!
We have reached the end of our latest Buxberg review. Hopefully you are now in a better position to decide whether this is the right broker for your needs? Before we leave you to make your decision let us quickly recap on key areas from above.
To begin, you can sign up to Buxberg within a matter of minutes. Although you won’t unlock any bonuses for joining, the registration process is faultless and allows you to get right amongst the action almost instantly. You can choose between six accounts, all offering fantastic perks and varied minimum deposits. Regardless of your chosen account, you can trade micro lots of 0.01 and enjoy leveraged trading, up to 1:400.
Thanks to the latest encryption technology and various additional security features found at Buxberg, we feel confident that traders will have a secure experience. With an abundance of tradable assets, elite trade execution, and the chance to wager online or mobile, we can’t help but place Buxberg up there with the best of them!