BuyerBank Review

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One of the weirdest reasons why some people have not been able to start trading or investing in stocks, options, forex, and commodities is that they find it hard to choose an online broker. Of course, a simple Google search query on “Online Brokers” will return 32,000,000 hits. Hence, it is usually hard for many people to choose an online broker out of the millions of brokers vying for your attention and your capital.
If you want an online broker that has your back in the online trading and investment landscape, it might interest you to know that BuyerBank is the best broker for the job. BuyerBank is created as a simplified platform that breaks the monopoly of Wall Street to provide casual investors with easy access to the capital markets. This is an unbiased review of BuyerBank, its services, its pros, as well as its cons. We strongly believe, that reading this review would provide you with the information you need to make an informed decision in your quest for the perfect online broker.

BuyerBank: The Service

BuyerBank provides everyday traders and investors with a sophisticated yet simplified and easy to use trading platform. You can trade digital options, long-term options, turbo options, one touch options, and range options on BuyerBank.
BuyerBank also provides traders with a suite of resourceful trading tools. For instance, traders get to access an updated economic calendar that allows you to know events of economic importance at a glance. The economic calendar makes it easy for you to plan your trade to be on the best side of a trade when market-moving news breaks.

Mobile Trading

BuyerBank makes it easy for traders to piggyback on the best strategies of the pros with its Trade Expert resource. Trade Expert makes it easy to profit from the pros by trading their strategies with a single click. With Trade Expert, you’ll choose your strategy, wait for a scan showing the potential performance of the strategy, get your result and then trade or invest with the strategy.
The Internet has brought about massive changes to the operations in the capital and financial markets. BuyerBank is a forward-thinking broker; hence, it provides traders with a mobile trading platform that allows you to access and run your account from your smartphone. The BuyerBank app allows you to plan, enter, and exit trades. The app also provides you with market quotes, streaming quotes, and market charts.

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Top-notch Customer Service

BuyerBank won the People’s Choice Award for “Best Customer Service” as a testament to the quality of its customer service. When you open an account with BuyerBank, you can expect to get personalized one-on-one support that will guide you in reaching your trading goals. You can easily connect with a BuyerBank customer care representative through phone calls, direct chat on the website, emails, or through their social media platforms such as Facebook and Twitter.

An Account Type for Every Trader

Another great feature that gives BuyerBank an edge over other online brokers is that it offers an account type that suits the needs of different classes of traders. BuyerBank offers four account types namely Silver Account, Gold Account, Platinum Account, and VIP Account. Gold members get higher payout rate of 3%, Platinum members get a higher payout rate of 5%, and VIP members get a higher payout rate of 7%.
If you don’t want to jump into the exciting world of online trading with both feet yet, you can open a Silver Account with BuyerBank. You can invest between  $250 to $999 for a Silver Account with BuyerBank. You can take your investment to the next level by opting for a gold account on BuyerBank – you can invest between $1,000 to $9,999 for a Gold account. You’ll need to invest between $10,000 and $24,999 for a Platinum account with BuyerBank. If you are ready for the major league trading with options, a VIP Account starting from $25,000 is the way to go.

Pros and Cons

BuyerBank has three main advantages over other online brokers. The first advantage is that you can test your trading wings with a minimal trading capital of $250 on the Silver account. The second advantage is that BuyerBank provides traders with high profitability and loss control. You can get up to 85% ROI on Binary Options within an hour and you can stop a trade at any time without being forced to wait for a stop loss order to kick into action. Thirdly (and most importantly), BuyerBank offers traders a last generation SSL 3.0 protection that guarantees maximum security 2048 bit 24/7.
Cons: We are not impressed with the fact that BuyerBank is quiet about the payout ratio to its Silver account holders. We also have reservations about the lack of insurance recovery for Silver and Gold members on the platform.
 

35 thoughts on “BuyerBank Review

  1. Does anyone here already trading with buyerbank? It seems interesting but I’m still not convince if I would start trading with them. Any first hand experiences?

    • I spoke with a stupid broker before so what I did was to request to transfer me to another broker right after I funded my account. I am now with Zoey who is friendly and nice. So far, I don’t have issues other than that.

        • In my case, I can withdraw my money. It just takes me 4-5 days before getting it. I recommend that if you need to withdraw your money on a certain period of time, make sure that you ask for a withdrawal a week earlier to avoid delays.

    • I strongly advise you and every body to not join Buyer Bank, they are scammers, in the beginning you will win most of the trades and when withdraw time coming you will loss within five minutes to have nothing and don`t make the witdrawal

  2. Their brokers are nice and very welcoming. Decided to open up my account with $250 and I will test how they execute the trades and process the withdrawal. After all, if I’m not happy with them, I can just get all my money out of my account and leave.

    • Hi there marina, if only i could suggest. please be patient and not lose faith, if ever you lose in some trade, there is always tomorrow and another day in the market. be patient, we have buyerbank’s brokers who are really helpful and often they advice us to which assets to only invest.

  3. Buyerbank is one of the brokers I have as of the moment and I won’t switch it for a while. I see that it’s reliable and stable with good return of profit. Two thumbs up for that.

  4. I tried to make a withdrawal from Buyerbank last week but I could not withdraw. I was furious so I decided to call my account manager about the issue. He told me that they haven’t got the request yet because I haven’t completed the withdrawal request from the platform. So I logged in and saw that I missed a detail about my withdrawal. I did the withdrawal request again and this time it was successful and I received my funds 4 days later. Thanks to Buyerbank. I thought I’m gonna lose my money again with a shitty broker.

  5. Buyerbank is great for me. It has nice education center and brokers who are very easy to contact through live chat. Their payouts are decent although I have seen other platforms that are a bit higher. Overall, it’s a good platform and I highly recommend this for traders.

    • I hope that you are still happy. I’m not and I’m having great difficulty in retrieving my remaining funds. If you are not US reportable person try IQ options, great display and charting better return rates up to 90% at certain times. Learn to trade for yourself, I’ve trusted brokers and have gotten severely burned twice….I’m learning now to trade on my own, also try Michael Freeman’s manual signal group on Facebook great signals and you will learn a lot of valuable tricks…. Good luck

  6. I loss a lot of money in binary options before. When an agent from buyerbank called me, I was hesitant to fund my account because I might lose a lot of money again. But this agent was very insistent so even though I’m still not ready to trade again, I funded my account. I was not that actively trading anymore and I just trade whenever they tell me that there is a market event. My account hasn’t had millions but has just enough funds for me to use to pay for my bills.

  7. Can anyone help me how’s the process of changing my card details with them? I was so excited to register so i borrowed my cousins card, now that i am earning, the withdrawals that i make goes to his card. He always out of the country so i get a personal card and want to change it. I started my investment with 500$ with buyerbank and luckily i am able to double that deposit and have withdrawn thrice for my use i n school. Please help me so i avoid hassle. thank you.

  8. I started with Buyer Bank http://www.buyerbank.com on 18-08-2016 with account manager Azmi Badran, in the beginning a lot of promises and he made some of them, after that he promised to give me a loan for $55,000 and when the time comes to do it, he did a lot of trades to lose not win and he has 11 years experience and I don`t think so did this without intention to lose, so I lose my money and i borrowed this money to deposited it and he knows and I have two kids)

  9. I started with BuyerBank http://www.buyerbank.com on 18-08-2016 with Azmi Badran, in the beginning a lot of promises and he made some of them, after that he promised to give me a loan for $55,000 and when the time comes to do it, he has 11 years experience and he did a lot of trades with intention to lose so I lose my money and i borrowed this money to deposit it and he knows and I have two kids and now I`m broke

  10. If Buyer Bank is truly a reliable Binary company, then why did they refused to approve my withdrawal request contrary to their own Terms and conditions regarding 3-7 working days waiting policy? After suffering several disappointments from the hands of many different Binary Companies, a Rep by name, Sean, successfully convinced me to try opening an account with Buyer Bank which I did reluctantly because I had already lost confidence in all Binary Companies and had no interest in trading ever. However, after funding my account with AUD 250.00 which was even a borrowed money, Daniel Johnston took over as my account manager with all his promises, which turned out to be False Pretenses, asked for additional amount of AUD 1000.00 to enable him make good profit for me. This I couldn’t meet up with due to other reasons best known to me. He wouldn’t trade with me until that condition is fulfilled after a month, I decided to withdraw my fund that has grown to just AUD 290.00 to pay back my creditors. I sent him mail and to all others concerned regarding my decision and then placed my request for the withdrawal. After 10 working days, my request for withdrawal was still pending. Support Dept. asked me to contact Daniel Johnston my account manager, he replied my mail via skype that my account has been blocked and that it would be traded on by him in a group of all his clients in the same category as mine for massive profit, schedule to take place the following week and after that encounter, I shall never thought of withdrawing my funds again. On the appointed time my account has been traded to zero so that I could not take a penny out. I lost everything and became poorer by AUD 250.00. I called this ‘Causing Financial Loss by False Pretenses’ this is tantamount to CRIMINALITY. Don’t trust Buyer Bank they are only interested in your loses and enthusiastic about huge investors and take delight in making the poor poorer.

  11. I think that how you will profit is depending on your broker here because I have been with Buyerbank since February and I haven’t had any issues with my withdrawal yet. Although sometimes my withdrawal takes a week and 2 days which is fine with me and I already got used to it. I haven’t had any promises that were broken by this company aside that I will get my profit in 2-3 business days because it takes me a week most of the time to get it. I think that’s the only thing that needs improvement but when it comes to trading with buyerbank, I don’t have any problem at all.

    • I recommend caution. Their actions haven’t been in compliance with terms and conditions. If you want to bring legal action, it has to be done in Samao! Why? Because it limits actions to 20K and it’s a big deal to start up a case.
      I would recommend carefully moving your funds out a little at a time so they don’t get suspicious. Otherwise, you may end up like me. I was up over 20k. My broker although friendly and helpful suddenly went nuts and risked 70% of my capital on one trade, losing it all in one short afternoon. If you decide to stay with BB, setup clear guidelines that will prohibit such loss. Good luck!

  12. Please take time to read my comments before investing with Buyer Bank! I CANNOT RECOMMEND THEM AT ALL. If you have money invested with then try to withdraw it ASAP. The phone number on the web site doesn’t work. Here’s one that does work +44 2035 191193. I don’t know how much good that would be but give it a try. I have received several excuses and assurances that my money will be returned as of now it hasn’t happened.
    I have been a client of Buyer Bank for about a year. I was slowly coaxed into adding additional funds over that time (in total about 17k of my own funds) in order to become a VIP account. I had some sporadic, but good and friendly direct support and with my ITMs and additional deposits my account was built up over that time to about 21K at its peak after the one withdrawal of 3k I made. The first withdrawal was received in 3 days. Then for some reason my personal broker decided to break the rules and invest 70 percent of my funds (all be it in 10% increments) on put oil position for one specific expiration time. He lost all the positions and then proceeded to invest and lose more. In the end the stats were 22 OTM and 1 OTM. I was left with a little more than 3k in my account. This happened in one afternoon when I let my broker Johnny O’Reily (if that is even his real name) to invest independently for me. For prudent Money management In general, the investments should be around 5-10% of the available funds and no more than 30% DIVERSIFIED at any one time. Despite assurances from Thomas Murphy when I signed up, this prudence was abandoned that day and most of my funds completely evaporated. I have ordered a withdrawal of the remaining funds Nov 18th and at this time Dec 9th they have not been returned. If they don’t return my funds I have lost 14k with them.
    What I have learned now, twice over, If you do decide to invest, don’t ever let the broker invest for you. Take time to study, use demo accounts first, keep to the 5/10/30 rule in managing your money. On facebook Michael Freeman’s Manual Signals group is an excellent source of signals, training and community. good luck wish you success. I’m moving what’s left to 24options and IQ options.

  13. Please take time to read my comments before investing with Buyer Bank! I CANNOT RECOMMEND THEM AT ALL. If you have money invested with then try to withdraw it ASAP. The phone number on the web site doesn’t work. Here’s one that does +44 2035 191193. I don’t know how much good that would be but give it a try. I have received several excuses and assurances that my money will be returned as of now it hasn’t happened.
    I have been a client of Buyer Bank for about a year. I was slowly coaxed into adding additional funds over that time (in total about 17k of my own funds) in order to become a VIP account. I had some sporadic, but good and friendly direct support and with my ITMs and additional deposits my account was built up over that time to about 21K at its peak after the one withdrawal of 3k I made. The first withdrawal was received in 3 days. Then for some reason my personal broker decided to break the rules and invest 70 percent of my funds (all be it in 10% increments) on put oil position for one specific expiration time. He lost all the positions and then proceeded to invest and lose more. In the end the stats were 22 OTM and 1 OTM. I was left with a little more than 3k in my account. This happened in one afternoon when I let my broker Johnny O’Reily (if that is even his real name) invest independently for me. For prudent Money management In general, the investments should be around 5-10% of the available funds and no more than 30% DIVERSIFIED at any one time. Despite assurances from Thomas Murphy when I signed up, this prudence was abandoned that day and most of my funds completely evaporated. I have ordered a withdrawal of the remaining funds Nov 18th and at this time Dec 9th they have not been returned. If they don’t return my funds I have lost 14k with them.

  14. Total crap review. It’s like they (Buyer Bank) wrote it, they completely ripped me off. Sorry to hear this has also happened to you. I have filed a cyber crime report in UK.
    I have filed a cyber fraud report with Action fraud UK.
    Add your Story to My fraud Report with the UK Police
    ref number: NFRC161201667677.
    http://www.actionfraud.police.uk/
    Call them: +44 300123 2040 I used Skype so it wasn’t so expensive.
    Just trying to shut them down do they can’t steal from anyone else. The money is probably lost.
    Aloha
    Michael

  15. I will not recommend buyerbank to anyone who wants to invest in forex trading. The company is faceless and is not credible. They are reckless with people’s money, risking 100% of your capital on trades. Taking trades on your account without your consent. They are quick to contact you and call you all the time when trying to get you to invest your money. Constantly encouraging you to invest more money with the promise of building up your account quickly. They take fews successful trades to robe you in and buy your trust, then they go reckless with your money, trading with 100% of your account capital. Then you loose all your money. Contacting any of the brokers becomes impossible. Phone lines keeps giving error message when you try to call and even if you eventually get through to customer service no broker is available to speak with you. You are told someone will call you back, but no one ever does.
    Fraudulent company please stay away. Inesting with buyerbank is like throwing your hard earned money in the rubbish bin.

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