BuzzTrade Scam Review. Find out the truth about this broker!

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BuzzTrade Review

Rating:

The Buzztrade binary broker is relatively fresh on the online trading market. They began their operations in September of 2020 and have stirred up quite a bit of interest from traders. They are located at 16 Spyrou Kyprianou Avenue, 2nd floor, Office Number 201, Limassol Cyprus. They are owned by AirFrance Pro Ltd and are regulated by the most well known regulation firm in Cyprus, CySEC. Before you register with them, read our review to find out if Buzztrade is a reputable broker or really the Buzztrade scam.

Min. Deposit: $250 Demo: N/A

Platform: Custom Bonus: N/A

Regulation: CySEC US Clients: Yes

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Buzztrade Customer Support Review

Buzztrade offers customer support via email, telephone and an online form on their website. They do not an offer live chat service and that means slow response time which is a major problem with the Buzztrade broker.

Because clients can often times encounter issues while trading or trying to withdraw their earnings, high quality customer support is essential to the success of any broker.

It seems as Buzztrade’s opinion is the same as this. Their customer support is quite frankly deplorable.

For example, when you submit a query using their online form, you do not receive any response whatsoever. If you do receive a response, it is most likely 3 weeks later, long after you have either solved the problem or moved on.

This problem is also evident in their response time to emails however they often times take more than a month to respond to emails.

We wondered if having a live chat service would alleviate this problem however it seems that the Buzztrade binary broker would simply take their disregard for client issues to the live chat service as well.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

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BuzzTrade Review: Accounts

Five account options are offered by Buzztrade and even though they seem attractive on their website, when you actually sign up for one of them, you realize that they are a letdown.

The first account type is the Newbie account which carries a minimum deposit of $250. A 25% welcome bonus is offered along with a training session once a week. You are also said to receive signals twice a day with 24/6 customer service. The sad reality is that, these are merely claims. The junior personal account manager is highly ineffective and the daily market news you are said to receive are almost never useful.

The Mini account has a starting deposit of $1000 and a 30% welcome bonus. The training sessions are twice a week instead of once, though there is no improvement in terms of content. You are said to receive signals four times a day and those are the only difference between the Newbie and Mini account.

The Classic account has a few differences when compared to the Newbie account. These are the $2500 starting deposit, 35% welcome bonus, signals five times a day, daily phone call and up to 25% 5 bonus protected trade.

The Pro account has a few notable features that are different from the accounts before however that does not mean an improvement in service which is a problem. The minimum deposit is $5000, training sessions are three times a week, the welcome bonus is 40%, the signals are unlimited, there is a senior account manager and up to 30% 5 bonus protected trade.

The VIP account carries the highest minimum deposit at $50,000. The training sessions are four times a week and the welcome bonus is 50%. Along with those, you have access to a webinar, market analysis (which is not helpful at all), and up to 35% 5 bonus protected trade. It’s not that different from the Pro account.

Buzztrade Platform Review

You can only trade with the Buzztrade broker using the Airsoft platform which was created by their parent company, AirFrance. How it works is that you are allowed to determine when your options expire. The expiration times range anywhere from 15 minutes to 6 months.

The platform like the broker is new and not very impressive. A major drawback is that the it doesn’t offer any automatic signals. This is a shame as automatic signals would make trading easier for you, saving you time while allowing you to increase your likelihood of making successful trades and in the end increasing your profits.

There is also another major issue with the Buzztrade binary broker and their AirSoft platform and that is the premature expiration of options. For example if you set an option to expire in 30 minutes, it somehow expires in 20. This causes your trade to not go through as planned and you end up losing money.

Their platform may be new but it is impressive in any meaningful way.

BuzzTrade Review Conclusion

Due to their short time on the financial scene, the Buzztrade broker has not gotten a real reputation as yet but if they continue like this, the one they will get will be a bad one. Do yourself a favor and avoid this broker. You will only end up losing in the end.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

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BuzzTrade Broker Review

We do not recommend trading with this broker. Please try safe and reliable broker from the Top list.

BuzzTrade is binary options broker that promises unique and secure trading experience accompanied by constant technological innovations. They claim that their primary goal is customer satisfaction and superb support. BuzzTrade review will introduce this new broker to traders who want to trade binary options with a regulated broker.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

Between 74-89 % of retail investor accounts lose money when trading CFDs

BuzzTrade Special features

Buzztrade is a broker that claims to provide amazing opportunities for newcomers and experts alike. This broker created four different account types that are accompanied by various benefits, but also have different deposit limits. This is considered to be a good selection as the accounts are not focused only on one type of trader.

Mini Account

  • $250 initial deposit
  • Weekly trading session
  • 25% welcome bonus
  • 2 signals a day
  • Junior personal account manager
  • Daily market news via email

Classic

  • $2500 initial deposit
  • Weekly trading session
  • 35% welcome bonus
  • 5 signals per day
  • Junior personal account manager
  • Daily market news via email
  • Daily phone call
  • $5000 initial deposit
  • Trading sessions 2 x a week
  • 40% welcome bonus
  • 10 signals per day
  • Senior personal account manager
  • Market news via email
  • Daily phone call
  • $50,000 initial deposit
  • Trading sessions 4 x a week
  • 50% welcome bonus
  • 15 signals per day
  • Senior personal account manager
  • Market analysis
  • Market news via email
  • Daily phone calls
  • Webinar

In BuzzTrade review was found out how this broker provides demo account as well. Many traders will be happy to know that the demo is offered to all traders after the initial deposit. Traders get 5000 virtual funds and trade them whenever they like, as demo account is available for unlimited time.

As it can be seen, this broker provides welcome bonuses, but there are also other special promotions available for regular traders. Such promotion bonuses, just like welcome bonuses have specific terms and conditions. Required turnover is x35, which can be considered average in the industry. Bonus policy can be found at the bottom of the page, and it is very easy to understand, so make sure to be familiar with rules of the play before accepting any bonuses.

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Between 74-89 % of retail investor accounts lose money when trading CFDs

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BuzzTrade Trading software

BuzzTrade broker is using AirSoft platform for binary options trading. This platform is a new player in binary options, but still manages to provide pleasant user experience. The asset list can be found on the left side, and the chart on the right side of the trading platform. This makes trading easy and convenient. In the middle of the trading interface, traders can select ‘put’ or ‘call’ and place the invested amount. Expiry times and various tools for analysis can be selected on top of the chart.

The website is pretty clean and has everything traders need to get necessary information. Content can be navigated via drop-down menu on the top, and homepage also has more than enough basic information. During writing of BuzzTrade review was noted how mobile app is announced. Traders can hope to experience mobile trading with this broker soon. It will be a great addition to BuzzTrade’s portfolio as more and more traders focus on mobile trading, and desktop trading is becoming a thing of the past.

During BuzzTrade review, we were surprised with the number of assets: 143 stocks, 10 indices, 43 currency pairs and 16 commodities will satisfy all tastes and trading styles.

If you want to trade with an award-winning licensed broker, we recommended using IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

BuzzTrade Support information

Support is an important element of trading even though it does not seem so in the very beginning. Good news is that in BuzzTrade review was stated how this broker provides excellent customer support. Users can reach them via the online form available on the website, or phone (available for France, Russia, Bahrain, Spain, the UK, Brazil and Portugal). There is also email available, and live chat option which is fast and easy to use. In BuzzTrade review, FBO team tested the live chat option, and the operator was very friendly, fluent in English, and provided as with all information asked. The website is also available in English, Russian, French, Spanish and Arabic.

This broker also created the educational library that is divided into sections in order to help traders find what they are looking for as soon as possible. They can browse the glossary, take courses, or start from the very beginning and learn the basics. There is also FAQ that is oriented on practical details like deposit limits, payment methods etc.

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Between 74-89 % of retail investor accounts lose money when trading CFDs

BuzzTrade Payment Methods

BuzzTrade is owned by Airfinance pro Ltd (previously Ytf trade Ltd.). It is also a CySEC registered broker, with license number 206/13. Regulated status provides traders additional insurance that this is a proper broker, as BuzzTrade must follow all legal obligations.

In BuzzTrade review was found out how the deposit can be made in USD, EUR, GBP, CAD, JPZ, RUR and AUD. This broker provides various deposit and withdrawal methods: Visa, MasterCard, Maestro, bank wire, Skrill and Neteller. These methods can be used for depositing and withdrawing, but it is important to remember that the same method must be used for both actions.

Minimum deposit with this broker is $250, that can be considered the industry average while minimum withdrawal is $50. BuzzTrade does not charge any fees but reminds traders how the fee may be applied by their e-wallet or credit card service provider.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

  • FREE $10,000 demo account
  • Award-winning trading platform
  • Licensed and regulated broker
Between 74-89 % of retail investor accounts lose money when trading CFDs

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Best Binary Options Brokers 2020:
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    Binarium

    Best Binary Options Broker!
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    Free Demo Account! Free Education!

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    Honest broker!

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