buxmarketstd is a contract-for-difference (CFD) broker whose official domain was registered on April 27, 2024. It primarily provides retail and institutional clients with trading services in financial derivatives such as forex, precious metals, crude oil, indices, and cryptocurrencies. This broker does not offer services to jurisdictions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to public information on the buxmarketstd (www.buxmarketstd.com) website, the full name of the company is HANTEC FINANCIAL, headquartered in New York, USA, and registered with the Financial Crimes Enforcement Network (FinCEN) and the National Futures Association (NFA) in the USA. Its MSB ID is 31000263262302, and its NFA ID is 0561418. However, on the company's profile page, it states that its headquarters are in Denver, USA, and that it is one of the top 50 financial services companies in the USA.
Upon verification, the National Futures Association (NFA) queries reveal that the entity with NFA ID 0561418 is registered as SMART GLOBAL, a non-member unit not regulated by the NFA. The FinCEN website shows that the entity with MSB ID 31000263262302 is also SMART GLOBAL. However, FinCEN's primary mission is anti-money laundering, and it does not regulate normal financial derivatives trading.
Therefore, buxmarketstd (www.buxmarketstd.com) is essentially a fraudulent broker website with no corporate entity or regulation.
Account Opening Process:
To open an account with buxmarketstd, visit the official website, click on "Account Opening" on the homepage or at the top right corner of the page to access the registration page. Provide your email address and set a login password as required. The broker will then send a verification code to the email address provided. Enter the verification code into the application form and submit it. Once the application is submitted, the account will be successfully registered. You will need to go through identity verification to deposit funds and trade.
Trading Account Information:
The buxmarketstd website only discloses information on spreads, trading leverage, and contract sizes, but does not provide details on account types, trading commissions, minimum/maximum trade sizes, maximum holdings/order sizes, margin call/stop-out levels, or minimum price increments.
- Spreads: Floating spreads starting from 1 pip
- Trading Leverage: 1:100
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
buxmarketstd offers users the ST5 trading platform, available on both desktop and mobile devices. This platform provides over 50 technical indicators and intraday analysis tools, along with features suitable for advanced traders.
Deposits and Withdrawals:
buxmarketstd does not clarify on its website the supported deposit and withdrawal methods, fees, or minimum deposit/withdrawal amounts.
Conclusion:
Traderknows reminds investors that buxmarketstd is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like Gildencrest Capital, Tosta Global Limited, fbspro, BLK International Exchange Inc, Bestonfx Trading Limited, and fogo forex. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
