Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Binatex

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

http://binarop.com

Website

Rating Index

Contact

http://binarop.com

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

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-02-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed Binatex also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FxPro

8.93
Score
15-20 yearsRegulated in United KingdomMarket Making(MM)MT4/5 full license
Official website

LonghornFX

7.58
Score
2-5 yearsRegulated in United KingdomCommon Business RegistrationMT4/5 full license
Official website

STARTRADER

8.53
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Binatex · Company Summary

GENERAL INFORMATION AND REGULATION

Binatex is an international broker for Binary Options. The company was founded in 2015 and accepts traders from everywhere. The main customers of Binatex are from Europe because the company is based in Cyprus. The Binatex Website is managed by the Binatexia LTD and the Yulanta business Ltd.

Binatex is an unregulated broker that offers Binary Options trading on a limited range of assets. It is owned and operated by Yulanta Business Ltd, a company incorporated in Seychelles, with company number 191592. This company is not regulated and is not a prominent figure on the online trading scene. Even though Binatex is a broker regulated by Russias FMRRC only. However, it does not have a licence – neither from CySEC nor from british regulator. Based on the review, it was found out that the company has its headquarters in Scotland, (or so they say) which is hard to believe. Probably, it will be some sort of a virtual p.o. box. Early in 2017, the company launched a big media campaign luring traders for quick profits. I am not sure whether the effect was not the opposite.

Therefore, Binatex is not regulated by a major financial authority so we can‘t really vouch for their trustworthiness and on top of that, there have been multiple reports from traders who consider themselves scammed by this broker. Even if there’s no definitive answer, we recommend more caution than usual if you plan on doing business with Binatex.

MARKET INSTRUMENT

With Binatex you can trade forex, commodities, and stocks. There is a limited asset variety compared to other brokers but in our opinion, you should feel comfortable with it. There is a range from major and exotic currency pairs. The return of investment (yield) is between 70% and 90%. It is depending on the asset and market situation (time).

ACCOUNT AND LEVERAGE

Bintex provides a multiple trading account with a minimum deposit of $10. But when trying to see the features of each account, we found the website not reachable.

It also offers a Demo trading account. If you are new to trading or the Binatex platform you should try the free demo account for trading. It is a practice account with virtual money. You can try out the platform for free and without any risk by using the demo account. If you made a loss it is possible to deposit virtual money on the demo account. It is an unlimited and free account for every trader. Just change with one click between real money and demo account trading.

TRADING PLATFORM AVAILABLE

Binatex doesn't use MetaTrader as their trading platform, rather it offers a different platform. The platform is available for your computer or smartphone. Download the app for android or apple devices.

For beginners and advanced traders, it is very easy to see how the trading on the platform is working. Also, there is a free demo account for practice trading available. You can watch some video tutorials in the education section or ask the support for help.

DEPOSIT AND WITHDRAWAL

As mentioned before you can start with a minimum deposit of only $10. In this section, we will review the payment methods and conditions for money transactions. Binatex offers more than 10 different payment methods for deposit and withdrawal. Sometimes the payment method is depending on your country of residence.

Traders can use credit cards, cryptocurrencies, and electronic wallets like Yandex, Webmoney, VLoad for their transactions. Surprisingly there are no fees for depositing and withdrawing money on the platform. The broker says that withdrawals are made within 24 hours on working days. The money is managed in European banks.

CUSTOMER SERVICE

The support and service are very rare on this broker. To contact the broker we only found the live chat and the email support but the support is working 24 hours 7 days per week. Sometimes it is quite difficult to contact the broker because a phone number is missing

Broker Information

Company Name

Binatex

Company Abbreviation

Binatex

Regulatory Status

No Regulation

Platform registered country and region

United States

Company website
Phone of the company

--

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address

--

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

1

Comments

Write a review

/xiao、雅昕つ
more than one year
Guys they are a big big SCAM.. please don't fall for it! All the trading they will show you is fake as well. Unfortunately, I learnt it the hard way... If you didn't deposit any money then don't and if you did deposit then try to get your money back.
2023-03-08 12:18
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;+44-7517747077
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com