Buxberg Review – How We Uncovered This Scam Broker

Is Buxberg Regulated – What Does It Matter?

Buxberg Ltd. is the company that owns Buxberg Ltd. According to the firm, it is based in Hong Kong. The registration number that they provided, 26707BC2022, belongs to Saint Vincent and the Grenadines FSA Register.

The company was founded offshore in April of this year, and does not have any legal offices in Hong Kong.

What is wrong with a trading license?

A license from HKMA is required for any company that wishes to offer financial services in Hong Kong. This means that Buxberg regulation must also be obtained from this authority.

Our research has shown that Buxberg Forex broker did not obtain a Tier1 license with HKMA, ASIC or BaFin.

Where is the Buxberg Trading Scam Active?

We now know that this company is illegally operating and are trying to find its core operations. The broker seems to be primarily targeting Europe with most Buxberg trading fraud victims coming from.

• Germany
• Austria
• France

How does this scam broker contact victims?

Fraudulent brokers may not have the ability to contact existing or potential customers. You may have noticed that you are receiving many phone calls from Australia, Germany, Australia and other countries codes. However, it is the same brokerage every time.

These callers may have different numbers and use different call centers and country codes to reach you. They will try to convince you to invest your money and not promise anything. You may also receive calls from other brokers, since fraud firms sell data to one another, increasing the pool of potential victims.

Even if you’ve never invested, you could still fall for scammers. Scammers have found a way to make you invest your money by combining romance schemes and financial fraud.

There are many dating apps that you can use to contact someone, such as Tinder or Bumble. The person on the other end can keep in touch for months and gain your trust before approaching you and asking you to invest with Buxberg.

Buxberg Support Team – What does support do?

After you have joined Buxberg, you will find a great support team who will convince you to invest all your money.

No matter if you talk to a support agent, compliance team, or financial advisor, they all share the same goal – to get you to transfer every penny to their company. You might be asked to download AnyDesk or TeamViewer or another remote desktop application.

Once you have done so, your company employees will be able access your online banking. They can wipe out all your savings and allow you to recover it.

What trading platforms are available?

OnlyBuxberg trading platform that you have access to , is the proprietary WebTrader. Although the company claims it is a “full-powered platform that meets all your trading needs”, we cannot compare a web-based software to a MetaTrader. MT4 or MT5 will always be an advantage, and they will be safer and more preferred choices.

You can switch between several charts, use multiple indicators, check your trading history and deposit more money with the WebTrader. However, the WebTrader does not allow social trading and there are no EAs.

Spreads and Fees for Buxberg

Buxberg, like many offshore brokers claims that they offer competitive spreads and charge no fees for overnight trades or deposits. This information raised concerns because it is known that legitimate brokers earn money through spreads, swaps and other fees.

This means that the firm won’t be content with the small profits they make from your trades, but will instead seek to take every penny you invest and disappear.

A Review of Trading Accounts: What Are They?

You have the option to choose from 6 types of Buxberg accounts.

• Beginner Trading Account – Minimum Deposit $2,500
• Standard – $5,000
• Intermediate – $25,000
• Advanced – $50,000
• Integral $ $100,000
• VIP $250,000

Our table shows that Buxberg requires you to deposit $2,500 and has a minimum deposit. You can see why we strongly disagree with Buxberg’s offers. Legitimate firms offer Micro accounts that only require $10.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

Buxberg: Video

Below you will find a short video about Buxberg. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Buxberg!