Buxberg claims to be a Hong Kong-registered forex broker and operates under the name Buxberg Ltd. With over 2,000 options with high leverage up to 1:400 and cheap commissions, the firm offers a wide choice of tradable assets, according to its claims. But after further investigation, several warning signs have emerged, prompting many to declare Buxberg to be a potentially fraudulent site. We examine the claims made against Buxberg in this Buxberg review, paying particular attention to the company’s openness, trading conditions, and regulation.
Buxberg Broker Overview
Website: https://buxberg.com/
Website Availability: Yes
Official Address: 1 Harbour View Street, Central, Hong Kong
Blacklisted By: Not recommended by review website like Scams Report
Domain Information:
- Domain Name: BUXBERG.COM
- Registry Domain ID: 2559622482_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.namesilo.com
- Registrar URL: http://www.namesilo.com
- Updated Date: 2024-09-14T07:52:36Z
- Creation Date: 2020-09-14T02:53:30Z
- Registry Expiry Date: 2025-09-14T02:53:30Z
Lack of Regulation
The absence of regulations in Buxberg is one of the main causes for concern. Buxberg claims to be a registered entity in Hong Kong, but it has been confirmed that it is not under the jurisdiction of any valid regulatory body. A registered broker is required to adhere to certain industry norms, such as protecting customers’ money, providing honest trading procedures, and upholding openness. Regretfully, Buxberg fails to meet expectations in this area, casting significant doubt on the security of investors’ funds.
Trading Conditions and Misleading Claims
Risk-taking traders may find Buxberg’s attractive trading conditions appealing since they provide high leverage up to 1:400. But important information like spreads, which are crucial in figuring out trading expenses, is absent from the interface. It is challenging for prospective customers to determine the actual cost of trading on Buxberg because to the unclear spread of information, which adds to the platform’s lack of transparency.
Furthermore, Buxberg does not provide bonus incentives, which are a tactic utilized by respectable brokers to draw in and keep customers. It is possible that Buxberg is not acting in its users’ best interests, as indicated by this absence and the ambiguous trading conditions.
Victim of Buxberg? Contact Scams Report Team:
If you suspect encountering a fraudulent broker like Buxberg, Scams Report is here to assist in fund recovery.
- Fund recovery: Our team of experts will work tirelessly to help you recover your lost funds. We have a proven track record of success in this area and will do everything we can to get your money back.
- Free consultation: We understand that every situation is unique, and that’s why we offer a free consultation to all of our clients. Our team will listen to your story and provide personalized advice on the best action.
- Complaints: If you have a complaint about a fraudulent broker, we are here to listen. We will take your complaint seriously and work to get to the bottom of the issue.
Please refer to our list of fraudulent Broker 2024 and fraudulent Brokers 2023 to verify whether your broker is legitimate or fraudulent. Don’t suffer in silence. Contact Scams Report today and let us help you get your life back on track. Report romance scammer and other fraudulent forex trading platforms here.
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Note: The information provided in the above Buxberg review is derived from existing web Buxberg reviews. Please be aware that we cannot be held liable for any legal action taken by Buxberg company. If you have any inquiries or concerns, kindly reach out to us via email at admin@scamsreport.net.
