Company Overview of Buy4Power
The Buy4Power company claims international status and wide presence: 100,000 clients in more than a hundred countries around the world. The firm is registered in the Marshall Islands, and regulatory data is not disclosed.
Contact details include the legal address on Majuro Island, email, and two phone numbers: +44 (20) 380711331 for English-speaking clients and +7 (499) 00937421 for Russian-speaking clients.
Trading Tools and buy4power.com Platform
The broker promises real-time access to 400 assets in the following categories:
- Currency pairs on Forex,
- Indices,
- Commodities,
- Stocks,
- Cryptocurrencies.
More information about the platform is available on the website and presented in a screenshot. The terminal is described as modern and highly versatile, enabling instant transactions. The software is regularly updated, indicating that the company likely offers its own proprietary development.
However, the trading platform is not available for free download. There is no mention of a demo version on the website. Details about the unnamed terminal can only be accessed after registration. It is stated that a mobile version exists, but information about it is limited.
Buy4Power Trading Accounts
The website features a comparative table with four types of accounts. The leverage ratio for all accounts is the same, ranging from 1:10 to 1:200 depending on the asset type and client preference.
The Mini account requires an investment starting from $500, the minimum deposit possible with this broker. Clients with this account type benefit from spreads starting at 3 points, withdrawals within 48 hours, daily analytical reviews, and standard 24/5 customer support.
The Silver account can be opened with a deposit of $5,000. Despite a tenfold increase in the entry threshold compared to the Mini account, the only significant difference is the increase in bonus points to 50%. It is advisable to carefully read the bonus provision terms as they may have limitations on withdrawal and trading usage.
The Gold account requires a one-time deposit from $25,000. Clients with this account enjoy expedited withdrawals within 24 hours, bonus points increased to 80%, and access to in-depth daily market reviews with an industry expert.
The VIP account demands investments starting from $100,000. VIP clients benefit from priority withdrawals within 5 hours, increased bonuses up to 100%, professional consultations, and round-the-clock customer support seven days a week.
Account Funding and Withdrawal from Buy4Power
The main page displays logos of major payment channels including:
- Visa cards,
- Mastercard,
- Bank transfers,
- UPayCard.
In the “Legal Information” section, there is a Client Agreement text, yet it does not clarify certain nuances regarding depositing and withdrawing funds. This information is only accessible after registering a Buy4Power account. However, some details about it have been uncovered.
For instance, after funding an account, verification is required, but there is no openly available list of necessary documents and the related requirements. The company imposes substantial penalties for inactivity: after 31 days of no trading activity, a fee of $50 per month is charged for account maintenance. Should there be no funds or activity for one month or three months, the account will be closed, archived, and reactivation will only be possible for a fee.
Conclusion
The company’s operations are unregulated, and the official website provides scant information: many crucial collaboration parameters are only discoverable after registration and providing personal data. Moreover, the minimum deposit starts from $500, which is relatively high based on these conditions. With such an entry threshold, there are more reliable options available. It is advisable not to risk your funds here without expert consultation.