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Score

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/10

Binanfx

Australia|2-5 years|
Suspicious Overrun|High potential risk|

https://binanfx.com

Website

Rating Index

Contact

info@binanfx.com
https://binanfx.com
FINDON SA 5023

Licenses

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

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Warning: Low score, please stay away! 3
Previous Detection : 2024-10-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 151 343 501) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Binanfx · WikiFX Survey

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Binanfx · Company Summary

Basic Information
Registered Countries Australia
Regulation No License
Company Name N 26 PTY LTD
Minimum Deposit N/A
Maximum Leverage N/A
Minimum Spread From 0.0 pips
Trading Platform Webtarder
Trading Assets Forex, Commodities, Cryptocurrency, Index, Shares CFDs
Payment Methods N/A
Customer Support Email

General Information

Binanfx presents itself as an online trading platform their clients access to a series of trading instruments, including Forex, Commodities, Cryptocurrency, Index, Shares CFDs. Binanfx is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.04 /10. Please be aware of the risk.

wikifx-score

Market Instruments

Clients are provided the access to various trading instruments including Forex, Commodities, Cryptocurrency, Index, Shares CFDs.

Spreads

According to Binanfx, spreads on fx major are quite competitive, with beginner minimum spreads starting at 0 pips, beginner average spread at 0.16 pips, Standard minimum spread starting at 1 pips, standard average spreads at 1.16 pips.

instruments-spreads

Leverage

Binanfx does not elaborate the maximum trading leverage it provides. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Payment Methods

When it comes to payment methods, clients can make a deposit or withdrawal through VISA, MasterCard, Neteller, Bank Transfer, as well as Skrill, BTC Transfer.

Withdrawal forms received before 21:00 (GMT) will be processed the following day. If received before 07:00 AEST, they‘ll be processed on the same day. Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach clients’ accounts.

Customer Support

Clients who have any general questions or need technical support can contact this broker through info@binanfx.com, or support@binanfx.com.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
None No regulation
Insufficient Website Information
Poor customer support
Weak trading platform

Frequently Asked Questions

Is Binanfx Regulated?

Binanfx is not regulated anyway.

What tradinng intsuments can I trade with Binanfx?

Binanfx offers access to Forex, Commodities, Cryptocurrency, Index, Shares CFDs.

What is the minimum deposit to start with Binanfx?

The minimum deposit to start with Binanfx is not disclosed.

Broker Information

Company Name

N 26 PTY LTD

Abbreviation

Binanfx

Regulatory Status

Suspicious Clone

Platform registered country and region

Australia

Company website
Phone of the company

--

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • FINDON SA 5023

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@binanfx.com

  • doc.finance@binanfx.com

  • support@binanfx.com

Company Summary

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consumer hotline:006531290538
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