Buxberg was launched in 2022 and currently supports trading in over 2,000 instruments. The Hong Kong-based broker strives to provide broad and quality trading conditions and uses a 256-bit SSL encryption to protect clients’ funds and personal data. In this Buxberg review, readers can find information on important areas of the platform to help them have a good idea of what to expect before opening an account with this broker.
Buxberg platform main features:
- Micro-lot trading
- 30+ charting indicators
- 0.02s execution speed
- Leveraged trading
- 2000+ trading instruments
Trading Products
Being a new broker, Buxberg’s number of assets available for trading is pretty adequate. The total offered is more than 2,000 instruments, and the markets accessible are:
- Currencies (exotic, minor, major pairs)
- Commodities
- Global stocks
- Digital currencies
- Spot metals
- Spot indices
Account Types
Buxberg offers six account types to meet the different needs of different traders. All accounts accept a minimum trade size of 0.01 lots, although they vary in features and tools. This part looks at the several accounts traders may encounter as clients at Buxberg.
Beginner. Minimum Deposit: $2,500
The beginner account is the best starting point for traders working on their knowledge and experience of the platform or the industry.
Key features:
- Basic market access
- Mobile trading
- No extra fees
- One-click trading
- Daily analysis
Standard. Minimum Deposit: $5,000
The standard account makes it possible for first-time traders to trade with Buxberg while complying with the Sharia Law.
Key features:
- Basic market access
- Swap-free/Islamic
- No extra fees
- One-click trading
- Daily analysis
Intermediate. Minimum Deposit: $25,000
The intermediate account offers a slight upgrade to the benefits provided by the standard account. More experienced traders are a better fit for this account in terms of the funding requirement, although beginners may still be able to open this account, provided they have enough capital.
Key features:
- Basic market access
- Market coverage
- Swap-free/Islamic
- No extra fees
- Daily analysis
Advanced. Minimum Deposit: $50,000
Traders looking for a step up in their experience can find it with the advanced account. This account is more suitable for experienced traders than new players. The advanced account offers an excellent range of trading tools and market options which can be accessed for a minimum deposit of $50,000.
Key features:
- Basic market access
- Personal account manager
- Swap-free/Islamic
- Market coverage
- Daily analysis
Integral. Minimum Deposit: $100,000
The integral account offers a complete range of market access, with the level of deposit likely to be undertaken by very serious traders. Additionally, this account makes traders eligible for priority support and a personal account manager.
Key features:
- Full market access
- Personal account manager
- Special market coverage
- Market coverage
- Trading strategies allowed
VIP. Minimum Deposit: $250,000
Lastly, the VIP account is available to professional and high-volume traders who can meet or maintain $250,000 or more in their Buxberg accounts.
Key features:
- Custom market access
- VIP personal manager
- Special event invitations
- Private instant support
- Trading strategies allowed
Trading Platforms
Buxberg’s 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 broker’s 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 account’s 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 account’s trading history
Deposits and Withdrawals
Buxberg accepts several deposit and withdrawal methods that are usually free of additional fees and commissions.
Traders can securely deposit funds into their accounts via credit/debit card with Visa and MasterCard and wire transfer, among other deposit options. The processing of deposits or withdrawal requests usually takes one to three business days at Buxberg.
Still, traders may encounter deposit fees in the form of conversion fees if their deposits do not match the base currency or commission that their bank could charge on wire transfers.
Buxberg Summary: Is it worth it?
Should individuals consider opening a Buxberg account, they can expect many benefits, although they can also expect a relatively high minimum deposit requirement of $2,500 for trading. Still, the small lot size could eliminate obstacles traders could encounter when entering the markets.
Moreover, Buxberg’s pretty broad account options help traders, beginner or experienced, find something suitable with the platform. The only factor that must be considered carefully here is the deposit requirement of each account.
Rory Julius 30 May 2023 Reply