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BuzzTrade Review

The Buzztrade binary broker is new to the trading scene. They opened in September and seemed to have grown in popularity since then but does their popularity mean that they are a broker you can trust and trade with? Read our Buzztrade review to find out whether or not this broker is a scam.

Buzztrade review
Min. Deposit:
$250

Trading Platform: SpotOption

US Clients: Not Available

This broker is scam! Sign up with 24options instead!

BuzzTrade Regulation Review

Buzztrade is located at 16 Spyrou Kyprianou Avenue, 2nd floor, Office Number 201, Limassol Cyprus. They are owned by AirFrance Pro Ltd. Their regulation is done by CySEC which is considered the largest regulator in Cyprus.

The benefit of a regulated broker is that when you have an issue with them, you can file a complaint with the regulatory body. However the issue is that a regulatory body only covers how your funds are managed. They have what is known as the “Investment Compensation Fund” which covers you for up to 20,000 euros if the broker cannot do what it is supposed to.

BuzzTrade homepage

That is good however it should be noted that a regulatory body has limited power over a broker. They have no control over how the broker treats you.

And that is where the real problems with the Buzztrade binary broker begin.

BuzzTrade Customer Support Overview

If you have a query or issue, you can contact the Buzztrade binary broker through an online form on their website, email or call them directly. If you are in the area, you can also visit their office.

While their customer support is extremely lacking, one thing we want to commend them on is having phone lines for different countries. This can save you a lot in the way of international charges.

Sadly that is where the praises end for the Buzztrade broker’s customer support.

The form on their website is for customers to contact them without leaving the site.

BuzzTrade Customer Support Overview

Sadly most times when you submit a form, you get no response whatsoever. It is as if the form was never submitted.

Their response time to email is also annoyingly poor; they typically take two weeks or more to respond.

We understand that they are a new company but they need to do better if they wish to grow and sustain themselves.

BuzzTrade Available Accounts

Newbie Account

  • $250 minimum deposit
  • Training Session once a week
  • 25% welcome bonus
  • Signals twice a day
  • 24/6 customer support
  • Junior personal account manager
  • Daily market news via email

Mini Account

  • $1000 minimum deposit\
  • Training sessions twice a week
  • 30% welcome bonus
  • Signals four times a day
  • 24/6 customer support
  • Junior personal account manager
  • Daily market news via email

Classic

  • $2500 minimum deposit
  • Training sessions twice a week
  • 35% welcome bonus
  • Signals five times a day
  • Junior personal account manager
  • Daily market news via email
  • Daily phone call
  • Up to 25% 5 bonus protected trade

Pro

  • $5000 minimum deposit
  • Training sessions three times a week
  • 40% welcome bonus
  • Unlimited signals per day
  • Senior personal account manager
  • Market news via email
  • Daily phone call
  • Up to 30% 5 bonus protected trade

VIP

  • $50,000 minimum deposit
  • Training sessions four times a week
  • 50% welcome bonus
  • Unlimited signals per day
  • Senior personal account manager
  • Market analysis
  • Webinar
  • Market news via email
  • Daily phone calls
  • Up to 35% 5 bonus protected trade
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BuzzTrade Platform Review

The Buzztrade binary broker uses a platform known as Airsoft. It was created by their parent company, AirFrance. They do offer a number of different options on stocks, forex, indices and more. They allow you to set the expiration date for their options which ranges from 15 minutes to 6 months.

BuzzTrade Platform Review

This all seems good on paper and if it was good in reality then we would encourage you to register with Buzztrade but sadly that is not the case.

They do not offer automatic signals which is rather disappointing. Automatic signals can save you a lot of time and help you improve your profits.

The next issue with their platform is the early expiration dates of options. For example, if you select an option to close in 2 weeks, then somehow it closes a week early.

We are not sure what exactly the Buzztrade broker is doing but whatever it is, it is not for your benefit.

BuzzTrade Review Conclusion

They may be new and that is why there are not many complaints about them but trust us when we say that you would be better off avoiding the Buzztrade binary broker.

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BuzzTrade Review Overall rating: 1 out of 5 based on 1 reviews.

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★☆☆☆☆
1 5 1
I thought this broker was alright. Don't ask me why...it was a mistake and I wasn't happy with the way they treat you after the money is on their account. Choose a more reputable broker.
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