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United Kingdom|1-2 years|
Suspicious Scope of Business|High potential risk|


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+44 7389645036
71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ


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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

BANANCE · WikiFX Survey

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BANANCE · Company Summary

BANANCE Review Summary
Registered Country/Region United Kingdom
Regulation No Regulation
Market Instruments Indices, Futures, Bonds, Forex
Demo Account N/A
Leverage N/A
Spread N/A
Commission N/A
Trading Platforms MT5
Minimum Deposit N/A
Customer Support 24/7 - Tel: +447389645036, Email:, Contact Form, Live Chat, Social Media: Facebook, Twitter, Pinterest, Instagram
Company Address 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ

What is BANANCE?

BANANCE is a non-regulated broker based in the United Kingdom. It allows users to open multiple accounts and access indices, futures, bonds, and forex. Without any regulatory authority, users should be more cautious about trading with this broker.

BANANCE's homepage

Pros & Cons

Pros Cons
  • MT5 Supported
  • No Regulation
  • 24/7 Customer Service
  • Info on Key Trading Conditions Are Missing
  • Copy Trading Available


  • MT5 Supported: BANANCE supports the MetaTrader 5 (MT5) trading platform, known for its advanced features and capabilities.

  • 24/7 Customer Service: The platform offers round-the-clock customer service, providing users with assistance and support at any time.

  • Copy Trading Available: BANANCE provides a copy trading feature, allowing users to replicate the trades of experienced traders.


  • No Regulation: BANANCE operates without regulatory oversight, indicating a lack of adherence to established financial standards and potentially posing risks to users.

  • Info on Key Trading Conditions Are Missing: Crucial information such as leverage, spread, commission, and minimum deposit is not provided, leaving users uninformed about essential aspects of the trading environment.

Is BANANCE Safe or Scam?

  • Regulatory Sight: BANANCE operates without regulatory oversight, indicating a non-regulated status with no official license. The absence of regulatory compliance raises concerns about the platform's adherence to financial standards and user protection measures.

No license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

Market Instruments

BANANCE offers a diverse range of market instruments, including indices, futures, bonds, and forex. This comprehensive selection provides traders with the opportunity to engage in various financial markets, allowing for diversification of trading strategies and the exploration of different asset classes. Whether traders are interested in stock indices, futures contracts, government bonds, or forex trading, BANANCE provides a variety of market preferences.

Account Types

BANANCE offers a range of four account types, namely Bronze, Silver, Gold, and Platinum. Each account tier provides a progressively enhanced trading experience, with higher status accounts offering better features, more comprehensive support, and improved trading conditions such as lower spreads. Traders can choose the account type that best suits their experience level and trading requirements.

Accounts Comparison

Trading Platform

BANANCE offers the MetaTrader 5 (MT5) trading platform, providing users with a versatile and feature-rich environment for flexible trading across Forex, Stocks, and other securities. The platform supports two position accounting systems, netting and hedging, and allows an unlimited number of charts with 21 timeframes and one-minute history of quotes.

Traders benefit from a comprehensive set of technical analysis tools, including over 80 built-in indicators, as well as fundamental analysis based on financial news and an economic calendar. The platform also features algorithmic trading capabilities through the built-in MQL5 development environment, Trading Signals for copying experienced traders' deals, a system of alerts to monitor important market events, and the convenience of a built-in Forex VPS (Virtual Private Server).


Customer Support

BANANCE provides comprehensive customer support available 24/7 through various channels. Users can contact the support team via telephone at +447389645036, email, or through the contact form on the platform's website. Additionally, live chat assistance is offered for immediate queries. The company also maintains a presence on popular social media platforms such as Facebook, Twitter, Pinterest, and Instagram, allowing users to connect and seek assistance through these channels.

contact details


BANANCE, based in the United Kingdom, is a non-regulated broker providing access to a variety of financial instruments, including indices, futures, bonds, and forex. The platform supports the popular MetaTrader 5 (MT5) trading platform, offering advanced features and 24/7 customer service. However, users should exercise caution due to the lack of regulatory oversight and the absence of key trading condition information.

Frequently Asked Questions (FAQs)

Q: Which trading platform does BANANCE support?

A: BANANCE supports the MetaTrader 5 (MT5) trading platform, known for its versatility and advanced features.

Q: Is BANANCE regulated?

A: No, BANANCE operates without regulatory oversight, lacking an official license. Traders should be cautious due to the potential risks associated with non-regulated brokers.

Q: Does BANANCE support MT4 or MT5?

A: Yes, it does support MT5.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name




Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company
  • +44 7389645036









Company address
  • 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ









Customer Service Email Address

Company Summary

User Reviews

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more than one year
BANANCE provides a solid customer service experience. They are helpful and responsive, making it easy to get assistance when needed. The abundance of information, along with essential tips on potential trading positions, adds value to the overall user experience. The desktop application is excellent, offering a useful interface filled with news and an economic calendar. So far, it has been a positive experience for me.
2024-01-18 18:51


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