Binary Options Broker | |
---|---|
Official website | |
Social network | |
Date of foundation | 1970 |
Types of support | [email protected]FAQFeedback form on the site@buxanoTickets in my personal cabinetIn the trading terminalFacebookTwitter |
Languages | English |
Terminals | Author's platform |
Liquidity providers | CoinMarketMap, Cryptocompare.com, TradingView |
Min. first deposit | From 1 USD |
Min. rate | From 0.0002 BTC |
Brokerage commission | Trading commission for successful transaction - 10% (not less than 0.0005 BTC), withdrawal commission - 0.0005 BTC |
Payment terms | Up to 24 hours on a first-come, first-served basis |
Payments | Until 90 % |
Free demo account | |
Types of options | Call/Put, Touch/No Touch |
Adjustable | Yes |
Regulators | Legislation of the Seychelles |
Types of accounts | Demo, Standard |
Methods of replenishment | Cryptocurrencies |
Withdrawal methods | Cryptocurrencies |
Number of assets | 10+ |
Types of assets | Cryptocurrency Currency |
Number of indicators | 81 |
Account Currencies | BTC |
Expiration | From 5 minutes to 30 daysCall/Put From 1 hours to 30 daysTouch/No Touch |
Mobile apps | No mobile apps available |
Weekend trading | Yes |
Tournaments/competitions | Yes |
Trader training | Blog, instructions, e-textbook |
Affiliate Program | Registration2.5% of the referral's transaction value |
Advantages | No identity verification is required to trade Access to the world market with trading in a convenient time zone 11 timeframes, from 1 minute to 1 month Customers share the results of the transaction on social networks Encrypting user personal data Commission is charged only on winning transactions There is a referral program Two-factor authentication (2FA) to protect your account Withdrawal requests are processed from a few hours to a day |
Disadvantages | Price indices from CoinMarketMap and Cryptocompare.com, which are not trusted by experienced traders Only bitcoins are traded The site does not provide legal information about the broker |
Date of update | April 19, 2023 |
Overall assessment | 7.4/10 |
Buxano is this a scam? Review and Reviews
Contents
About the broker Buxano little is known: who its legal owner is and where its office is located, how to contact it directly, by phone, rather than through anonymous messengers – all this is not mentioned on the website. On international rating platforms like Trustpilot, the service provider is also not mentioned.
So what is Buxano – a scam or an anonymous, but reliable service, which appeared quite a lot in the last 10 years? Let’s study all the data available in the public domain and draw our own conclusions.
Terms of trading with Buxano
To start trading at buxano.com, there are two ways. The first is to click “Start Trading Now” on the home page and follow the link “You don’t have an account yet?” below the login form. The second – just select “Sign Up” in the upper right corner of the Internet resource.
One way or another, you will see a questionnaire that you will have to fill out in English, with your First name, Last name, Nickname, email address, and password (which you will be asked to repeat to be sure). You also agree to the terms of the user agreement.
Finally, you will confirm your e-mail by clicking on the link in the letter you received from Buxano and log in with your username (this e-mail) and password. Verification will not be required at these stages. But as soon as you decide to deposit, you will have to go through a two-factor authentication procedure (2FA), for which you will specify and confirm your mobile number. The account only opens in bitcoins. You start trading right away, because the demo is on a separate domain – testnet.buxano.com (we’ll come back to it later).
Binary Options Broker Buxano offers trading in cryptocurrency pairs, fiat (represented only by American dollar) and tokens. Two types of transactions are available: call/put and touch/no touch. The former involve buying/selling at a stated price at a specific point in time. The latter are profit if the price of the asset touched or, on the contrary, did not touch a specified point on the chart during the expiration. The size of the minimum bet is 0.0002 BTC. The declared guaranteed payment from winning transactions – 90%. Only from them the broker takes a commission of 10%. If you lose, you lose only the bet.
A blog with instructions to the platform, an electronic tutorial and simply interesting articles on the topic of trading is offered to help newcomers. There is also a chat and ticket system in the personal cabinet, a knowledge base (FAQ), email, a chat bot in Telegram and a feedback form for sending claims.
Buxano Platform
The Buxano trading platform is not much different from its peers, but includes all the basic modules and options:
- Chart window – bars, candlesticks, lines and their modifications.
- 11 timeframes – 1M, 3M, 5M, 15M, 30M, 1H, 2H, 4H, 1D, 1W and MN1.
- Trend shapes, 81 indicators (templates can be saved for quick access), ruler, brushes, color schemes and other tools.
- Asset list – cryptocurrency, tokens, fiat. Available in BTC, ETH, LTC, XRP, EOS, USDT, BNB, XMR, ZEC, INTX and USD.
- History of recent trades made by other traders (designated by their pseudonyms for security purposes), with filters on option type, asset pair and status – open or closed. If you want to open the details of each of them.
- The transaction window is available in two types: Call/Put and Touch/No Touch. The minimum bet is 0.0002 BTC.
Security of user data is ensured only by two-factor authentication: The system sends a one-time code to the cell phone linked to the account, and the user enters it in a special field to get into the account. Verification of identity by photo and passport data is not performed.
Broker quotes buxano.com
In the knowledge base (FAQ), the broker mentions that he takes price indices from CoinMarketMap and Cryptocompare.com, which are not trusted by experienced traders and offer P2P trading in addition to analytical data themselves.
If you look at the open source of the platform, it becomes clear that there is a TradingView plugin, which Buxano, for some reason, is silent about.
There are 7 cryptocurrency pairs available for trading: ETH/BTC, LTC/BTC, XRP/BTC, BNB/BTC, XMR/BTC, ADK/BTC and INTX/USDT. Another 8 pairs with dollar purchases: BTC/USD, ETH/USD, XRP/USD, EOS/USD, LTC/USD, XMR/USD, ZEC/USD and ADK/USD. Plus tokens: BNB/USDT and BNB/BTC.
Buxano.com demo account
At buxano.com It mentions the possibility to test the broker’s platform without personal investment by opening a demo account. But there is no button to register this demo account. If you write to support, they will send you a link to the testnet.buxano.com subdomain, where there will be a “Try DEMO Account” button.
Judging by the administrators’ answers in the chat, the option is still being tested and will soon be included in the functionality of the official site. The broker began work at the end of last year, having bought the domain, and some options are quite naturally in the development stage. Registration of the demo account is the same as the trading account: we press the button, fill in the form (name, surname, e-mail, password, consent to the user agreement). After this we confirm the registration by clicking on the link from the broker’s letter, and then we will be allowed to log in to the account using the given username and password. There is 1 BTC on the demo account balance. Testing is limited only to this balance – there is no time limit. All functions are available, as for the trading account. You will even be able to top up your account to switch to real money trading.
Buxano mobile app
The app downloaded to smartphones and tablets from buxano.com No – the work with the platform is done online, through the web interface. And this is also due to the young age of the broker, which is less than a year old. Let’s hope that in the near future the platform will also appear in a mobile format.
Bonuses in Buxano
Bonuses like commission discounts or gifts are not offered at Buxano. But there are regular tournaments and contests. Their conditions can be found on official Buxano pages in social networks. Another way to get rewarded from cooperation with the company is to participate in its referral program.
Tournaments and contests
If you follow Buxano news on Twitter and Facebook, you can get a chance to participate in one of the broker’s contests. For example, just recently, on February 9, the results of the drawing with a prize fund of $300 were summed up.
Referral program buxano.com
As part of the referral program each registered user buxano.com receives a unique affiliate (referral) link. It is available in the “Referral” section of the personal cabinet. The link is placed on any public resource, where it is not prohibited: social networks, YouTube-channel, own and partner sites, blog, messenger, etc. Those who click on it at buxano.com and people registered there are considered referrals (subscribers) of the partner. The latter receives 2.5% in bitcoins from the amount of each transaction made by them. Crypto units are credited to a separate, affiliate account and are displayed in the same “Referral” section.
Deposit and withdrawal
Deposit and withdrawal in Buxano are made only through cryptocurrency wallet and only in bitcoins – this is the policy of the organization, which supports cryptocurrency market. To deposit funds, you need to go to the profile (opens by clicking on the icon), select “Deposit funds”, copy the link to Buxano BTC-purse and transfer cryptocurrencies to the company’s account. Withdrawal is carried out in the “Withdraw funds” section: you open it, enter your wallet address and amount, confirm the request by clicking “Confirm”. Processing time may vary from a few hours to a day (it all depends on the workload of the administration, which does it manually, in order of priority).
There is no minimum amount and no deposit fee. But the broker will take a fixed payment for payment processing – 0.005 BTC.
Complaints about Buxano.com
Aside from a couple of comments in the official communities buxano.comWe did not find any user feedback about it, neither on Russian-language, nor on foreign resources. Representatives of the organization said that they purchased the domain last year, and it is due to the young age of the project silence in the network. We will follow the changes and update the review, as soon as new data becomes available. Share your comments about the broker, if you have had any experience with it.
If there are any reviews about Buxano broker, we’ll be sure to post the information on social media. Sign up so you won’t miss anything!
Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!
Buxano broker regulator
As already mentioned, there is no data about the legal name of the broker. However, in the user agreement it is noted that the broker is guided by the legislation of the Seychelles, when making decisions in controversial issues in relation to clients. We can assume that the company is registered in this jurisdiction. It is impossible to check the registration at the moment – public registries are not available. So far, the broker is offshore – it has no confirmed license (which for the cryptocurrency market, however, is not uncommon). But we learned that the official registration is already planned: the legal entity is at the stage of preparing documents and office registration. So, let’s wait for the news.
Buxano User Agreement
The buxano.com User Agreement, “Terms and Conditions”, sets out the rights and obligations of the trader and the owners of the platform to each other. Let’s analyze several clauses of the document. So, already in paragraph 1 it’s stated that any Buxano services and services can be changed or even removed at the discretion of the company. And no compensation will be given to you, even if you incur financial losses.
It also says that no more than one account can be registered per user. It is forbidden to create an account under another person’s name and data. Such violations are punishable by blocking all accounts.
To register on the site, you must be an adult of legal age (clause 4).
You are solely responsible for the payment of all taxes and fees associated with the operation of the site under your laws (paragraph 5).
It is forbidden to register an account for commercial purposes (clause 7).
Buxano does not investigate complaints filed against other traders. But, at its discretion, it can investigate if illegal actions are involved (clause 8).
You are using the broker’s software on an “as is” basis, with no guarantee of uninterrupted operation, compliance with local law or satisfaction (clause 9).
Any disputes between users and Buxano shall be governed by the courts of the Republic of Seychelles and on the basis of Seychelles law (clause 16).
Is Buxano a scam?
Buxano is guided by the legislation of the Seychelles, a jurisdiction that provides minimal information about the companies registered there, unless there is a request from law enforcement agencies. So far there is no information anywhere about the legal name of the broker – it is an offshore representative of the industry. But, if its representatives are to be believed, official legal status is a matter of time (the company is already in the process of registration). The user agreement is publicly available. But its essence mostly comes down to the fact that the broker is not responsible for anything, while the trader must comply with the rules.
We did not find any reviews about Buxano online either. In this case, again, this can be associated with a short life cycle of the project: the platform has existed for 5 years, while the broker’s website on the purchased domain – less than 1 year. We recommend you to look closely at the broker and study the peculiarities of working with its platform. We will not claim that Buxano is a scam. But due to its young age, it is not too clear how promising the broker will turn out to be.
Conclusion
Buxano offers options of two types: Call/Put and Touch/No Touch. Trading is done with small bets starting from 0.0002 BTC, and the broker charges commission only from winning trades, which shows that the company is not directly interested in “losing” the trader’s deposit. According to the information on the website the access to the world market is opened, but in FAQ the sources of information about quotes are CoinMarketMap and Cryptocompare.com – the services that are not considered as reliable by experienced traders. In addition, if you look at the open source code of the platform, you can see that the chart data is taken from Trading View.
2FA is used to protect the account – there is no verification. The broker is not in any feedback, there are no user comments about it (except a couple in the official Buxano community), which is not surprising for a project that has existed for several months. An unpleasant point about the user agreement: the document spells out Buxano’s lack of responsibility for anything. You use the platform at your own risk.
Reviews
-
Rate your review 00I wish there were more fresh projects...
I wish there were more fresh projects like this, instead of all these giants of the market
-
Rate your review 00Good overview of the platform. You can...
Good overview of the platform.
You can trade, everything is convenient for me. And the referral system is interesting.
Update the design and it will be
-
Rate your review 00My opinion... The platform is in the...
My opinion… The platform is in the top 7 for a reason.
The commissions are very nice.
-
Rate your review 00I didn't expect to find this platform...
I didn’t expect to find this platform here.
I really like trading on it!
But I wish they would update the design a bit.I recommend it, it’s a good company.
- New0
- Resolved0
- Not resolved0
Buxano reviews