This Broker is Closed & Out of Business!
BuzzTrade was a binary options broker owned by AirFinance Pro Ltd. BuzzTrade is located at 16 Spyrou Kyprianou Avenue, 2nd floor, Office Number 201, Limassol Cyprus.
Their phone number is: South Africa: +27 10 500 6169, United Kingdom: +44 203 807 3624. Their email address is [email protected], and for trader complaints read this.
BuzzTrade Does Not Accept Traders From America! Find a licensed broker here.
BuzzTrade Platform Review
The trading platform BuzzTrade gives their traders was created by their parent company, and it is called AirSoft. We were very impressed with the flexibility and wide range of binary options available. The most impressive feature is their option expiration times. Basically, you get to choose when the option expires, anywhere from 15 minutes to 6 months. This feature is not found at any other broker, and it is exactly what professional binary options traders are looking for. Positions can be opened a few weeks in advance to be ready for economic data releases and corporate earnings announcements.
Charting is similar to other brokers with only a short time frame available. But you do have the ability to overlay the chart with technical indicators like MACD, Bollinger Bands, SMA, EMA & RSI. The list of assets available is large. There are almost 200 assets available including Forex, Stocks, Commodities and Indices. We noticed that for commodity traders to are listing options on Copper, Palladium, RBOB Gasoline, Sugar, Wheat and Corn.
Their platform is translated into: English, Arabic, French, Russian, Portuguese and Spanish. They are currently gaining popularity in Spain and England. The minimum deposit is only $250 to start trading.
BuzzTrade Special Offer
New traders can get a 100% Welcome Bonus. They clearly show the bonus policy on their website, which comes with a trading turnover requirement of 50 times the bonus amount. This means, if you receive a $1,000 bonus, then you will need to reach $50,000 of trading volume before you can withdraw your money.
Remember, if you lose money trading, your deposited funds are deducted first before the bonus money.
BuzzTrade License & Regulation
When Scam Broker reviews a new broker to determine if they are legitimate or another scam broker, we look for a license. Traders should check the regulator CySEC in Cyprus who is the largest regulatory body of brokers.
BuzzTrade’s license number is 206/13. Their parent company name is Airfinance Pro Ltd., making them a legitimate binary option broker and not a scam broker!
The benefit of using a licensed broker like BuzzTrade is that since they are regulated, if you have a complaint, you can just go here, fill in the form, and it goes directly to their regulator CySEC. Brokers that are licensed by CySEC are members of the “Investment Compensation Fund”. The fund gives traders protection of up to 20,000 euro in the event that the broker cannot fulfill their obligations.
Warning from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”
When choosing a binary option broker it is always important to check the list of licensed brokers here.