BussTrade-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

BussTrade is a binary options broker, with its actual address, founding time and the company behind it unknown to all. The broker claims that they have registered their company in the UK, However, this certificate of incorporation was given by the Companies house – this is not a financial oversight agency and does not impose any regulations on the brokers, or even check the truthfulness of the information they have provided. Overall, BussTrade is an unregulated broker, please be aware of the risk.

Market Instruments

Tradable financial instruments available on the BussTrade platform only include crypto currency and forex currency pairs. The trading variety is too limited.

Minimum Deposit

The minimum deposit with BussTrade is as little as $10 – this is about as much as conventional brokers demand to open a micro account. However, given the fact that this broker is an unregulated one, it is unsafe to trade with it.

Leverage

Busstrade provides no leverage, as such a term is meaningless in the context of binary options – we should instead use the word “payoff” – they offer over 90% which is above the average broker.

Trading Platform Available

BussTrade provides access to a web-based platform that is severely less complex than Metatrader 5 – the industry standard in CFD trading. Of course, BussTrade is just a binary options trader and does not really need to provide features like algorithmic trading.

Deposit & Withdrawal

BussTrade accepts payments done in cryptocurrency – this payment method does not have a chargeback option, so if you have invested with BussTrade it‘s unlikely you’ll see your money again.