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TradeBaionics

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.tradebaionics.com/

Website

Rating Index

Contact

+44 2030052502
support@tradebaionics.com
https://www.tradebaionics.com/
60 Queen Victoria St, London EC4N 4TZ, United Kingdom

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

EE FSA
2022-03-30

Contact number

English

+44 2030052502

Broker Information

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Company Name

TradeBaionics

Company Abbreviation

TradeBaionics

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-02-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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TradeBaionics · Company Summary

Note: Since TradeBaionics official site (https://www.tradebaionics.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

TradeBaionics is allegedly an unregulated and blacklisted forex broker registered in the UK that claims to provide its clients with forex trading with leverage up to 1:200 and floating spreads on the web-based trading platform.

Market Instruments

TradeBaionics is a forex broker that mainly offers forex trading, however, we have no way to get more details about trading asset classes due to its broken links.

Leverage

A leverage ratio of up to 1:200 is offered by TradeBaionics, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads & Commissions

As tested at TradeBaionics demo web account, the spread for the benchmark EUR/USD pair was floating around 0.8 pips. As for commissions, the broker states that it does charge some commissions and the amount of commission is either a percentage of your trade size or a fixed percentage.

Trading Platform Available

The platform available for trading at TradeBaionics is a web-based trading platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading

Deposit & Withdrawal

As mentioned in the Terms and Conditions, TradeBaionics states to accept payments with credit/debit card payments, bank transfers and e-wallet payments. It appears that the broker did not know what the initial minimum deposit requirement is, stating that one place would require $250, another $500, and as much as $10,000 in the account type information.

Bonuses

TradeBaionics says to offer multiple types of bonuses including a welcome bonus but did not elaborate too much on those.

Customer Support

TradeBaionics customer support can be reached by telephone: +442030052502, +442030052038 or email: support@tradebaionics.com. Company address: 60 Queen Victoria St, London EC4N 4TZ, United Kingdom.

News

WIKIFX REPORT: BELGIUM’S WATCHDOG WARNS OF CAPITALS TRADE FX, FX ELITETRADER AND UXTRADES

NewsWIKIFX REPORT: BELGIUM’S WATCHDOG WARNS OF CAPITALS TRADE FX, FX ELITETRADER AND UXTRADES

2022-10-12 17:31

Belgium’s financial watchdog, the Financial Services and Markets Authority ‎‎(FSMA), has issued a warning against the unauthorized activities of multiple‎ platforms that are offering investments in the country without ‎complying with Belgian financial legislation.‎

WikiFX
2022-10-12 17:31
News
WIKIFX REPORT: BELGIUM’S WATCHDOG WARNS OF CAPITALS TRADE FX, FX ELITETRADER AND UXTRADES

User Reviews

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2

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陈安生
more than one year
While TradeBaionics is a great platform, there are some areas where I feel they could improve. For example, their service site can be slow at certain times during the day and their fee structure is somewhat complex. Overall though, it's still one of the best online trading platforms available today.
2023-03-13 18:13
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0
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FX1265943316
more than one year
Too complicated account opening, they’re asking questions that they have nothing to do with… no one asks those questions honestly! Just too complicated and has bad procedures!
2023-02-24 13:50
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0
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