Cryptocurrency Exchanges

Bufcex

1.1 (7 reviews)
🇳🇿 New Zealand
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1.1
7 reviews
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About Bufcex

Bufcex has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Social trading is fake

D
Diana R.
3 months ago

Bufcex advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.

Pros: Comprehensive tools|Great customer service|Good analytical tools

Cons: Cannot customize dashboard fully|Withdrawal takes 1-2 business days

Phone line always busy

J
Joel A.
5 months ago

Bufcex seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: High security standards|Comprehensive tools

Cons: Limited cryptocurrency options

Do your due diligence first

C
Christopher S.
6 months ago

This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.

Cons: Flagged by international regulators|Due diligence required

Stay far away from this company

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Edward V.
7 months ago

I want to warn everyone about Bufcex. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Cons: Lost entire investment|Reported to authorities|Unresponsive

They target inexperienced users

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Catherine A.
8 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Bufcex is disorganized and incompetent. I found them when my bank disappointed me and I searched for alternatives and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Intuitive for beginners|High security standards|Instant funding|Helpful community forum

Cons: Nothing significant|Minimum deposit could be lower

Walked away and never looking back

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Ian R.
9 months ago

The only good thing about Bufcex is that they remind you why regulation matters. I found them based on a colleague's recommendation. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.

Pros: Real-time alerts|Great customer service|Customizable dashboard|Transparent fees

Cons: Limited cryptocurrency options|No fractional shares

Not regulated - verified this myself

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Susan W.
10 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Bufcex has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Cons: Not registered with regulators|Unrealistic promises