BuzzTrade binary options brokers is CySEC regulated and they are owned by a company called YTF Trade Limited. BuzzTrade is still very new in the industry as the company was founded in 2015. The average payout trade you can get when trading with BuzzTrade is 85%. If you win in the One Touch option, you can earn a profit of up to 300%.
Trading Platform Review
BuzzTrade offers the Airsoft platform and support trades with all expiry time frames. They support trades with short and long time frames. Long term trade is trade with one hour or more expiry time frame. Short term trades offer a timeframe from 60 seconds up to 1 hour. BuzzTrade’s trading platform supports a variety of options including high/low, one touch, ladder and currency. It also support a mobile platform that is compatible with Android and iOS phones as well as tablets. Traders can explore the feature of the platform through the demo account.
Types of Trading Accounts
BuzzTrade offers 4 different types of trading accounts including Mini, Classic, Pro and VIP. Mini account requires an initial deposit of $250 and will reward traders with a 25% welcome bonus. If you sign up for a Mini account, you will get 2 free trading signals, and get access to 1 week of training session. Mini account holders will be assigned with a junior personal account manager and receive the market news by email. The Stop Loss function enables you to get back 10% of your initial investment amount for out-of-money trades.
Classic account has a higher deposit requirement of $2500 and traders will get a 35% welcome bonus. Pro account’s members are entitled to 3 free trading signals daily, market news by email, and training sessions for 1 week. You will be assigned with a junior personal account manager and you will get a one-on-one coaching through phone calls every day. You can perform up to 5 risk free trades, which will return 25% of your initial investment for out-of money trades.
Pro account has a deposit of $5,000 and will credit 40% of bonus into your account. Pro account includes 2 weeks of training sessions and you get up to 6 trading signals daily. If you are on a Pro account, you will get access to a senior personal account manager. Email market news and daily phone calls are some of the features included in a Pro account
The highest account level, VIP account, requires a deposit of a minimum of $50,000. When you sign up for a VIP account, they will credit a 50% welcome bonus into your account. VIP account holders can attend the training session up to 4 times per week. Besides, you will receive an unlimited number of trading signals. You will get access to a senior personal account manager as well as a detailed market analysis for free. VIP account holders will receive the latest news on the market in their email and get phone calls from a binary trading expert every day. In addition, you also get to attend free webinar when you have a VIP account.
Educational Resources
There are a few basic binary options tutorials that newbie traders can read for free at the education center. There are 7 free courses that you can take part to improve your trading skills. The education center also has a long list of glossary terms that explain about the different types of terms in binary trading.
Deposits/Withdrawals
BuzzTrade accepts several major credit cards and bank wire for both deposits and withdrawal. On top of that, they also accept other e-wallet services including Skrill and Neteller. However, you will need to contact an account manager before using Skrill and Neteller. You must submit several documentations to prove your identity before they will process and approve your withdrawal request.
Customer Support
BuzzTrade offers 24/6 customer support via email, telephone and live chat. You can email their customer support through the web contact form or sending an email directly to them. Telephone support is available for several countries including Cyprus, France, Russia, Bahrain, Spain, United Kingdom, Brazil and Portugal.
BuzzTrade Review Conclusion
In conclusion, BuzzTrade has provided many resources to guide a newbie trader to succeed in the binary trading market. They are a trustworthy broker having been regulated by the international regulation company called CySEC.
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