Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

BANANCE

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

https://banancee.com/

Website

Rating Index

Contact

+44 7389645036
support@banancee.com
https://banancee.com/
71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ

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! 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

Users who viewed BANANCE also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GTC

8.11
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

STARTRADER

8.54
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

J.P. Morgan

7.47
Score
Above 20 yearsRegulated in Hong KongDealing in futures contractsSelf-developed
Official website

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: support@banancee.com, 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

Pros:

  • 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.

Cons:

  • 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).

MT5

Customer Support

BANANCE provides comprehensive customer support available 24/7 through various channels. Users can contact the support team via telephone at +447389645036, email atsupport@banancee.com, 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

Conclusion

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

BANANCE

Abbreviation

BANANCE

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company
  • +44 7389645036

Twitter

--

Facebook

--

Instagram

--

YouTube

--

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

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@banancee.com

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

1

Comments

Write a review

DFGHJK
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
Reply
0
0
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

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;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com