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/10

binatex

Cyprus|5-10 years|
Suspicious Regulatory License|High potential risk|

https://binatex.com/en

Website

Rating Index

Influence

Influence

B

Influence index NO.1

Bulgaria 8.08

Surpassed 98.43% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

8 800 333-20-67
help@binatex.com
https://binatex.com/en
https://www.facebook.com/BinatexOfficial/

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

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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binatex · Company Summary

General Information & Regulation

Binatex is an online broker that offers binary options. Yulanta Business Ltd is the company that owns Binatex, which started operations in 2015. This company operates out of Seychelles, a country that many brokers register with to avoid stringent financial protections standard in other nations. Binatex isnt under the regulation of any of the significant financial authorities like the FCA or CySEC. In 2018, CySEC issued a warning that explicitly stated that Binatex is not under their jurisdiction and has no registration with the regulatory body.

Market Instruments

Binatex offers more than 50 different markets to trade. This can be forex, cryptocurrencies, stocks, or commodities.

Minimum Deposit

In terms of minimum initial deposit, the requirement by this broker is $50, and the minimum investment amount per trade is 1$.. Although this is the reasonable and proper amount, traders should stay away from this broker given the fact that Binatex is not regulated anyway.

Account Opening

Binatex is unregulated which means you do not need a verification of your personal data and you can deposit and withdraw without it. The account is opened in less than 10 seconds. In the dashboard, you should fulfill the personal data section before you start investing.

Trading Platform Available

Binatex offers its users a proprietary trading platform for trading binary options. The platform is web-based, and the layout is intuitive.

Deposit & Withdrawal

Available payment methods for traders to deposit and withdraw funds include Credit/Debit Card, Bank Wire, Yandex, and WebMoney. The minimum deposit and withdrawal amount are 10$.

Customer Service

Binatex claims that it offers a customer service 24/7, and their customer support team can be reached through email, telephone.

Disadvantages:

  • Unregulated and unlicensed broker

  • Small range of markets

  • No professional support

Advantages:

  • Free demo account

  • Trading 24/7

  • 10$ minimum deposit

Broker Information

Company Name

Binatexia LTD

Company Abbreviation

binatex

Regulatory Status

No Regulation

Platform registered country and region

Cyprus

Company website
Phone of the company
  • 8 800 333-20-67

  • 8 (800) 333-20-67 (02)

Twitter
Facebook
Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

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Customer Service Email Address
  • help@binatex.com

Company Summary

User Reviews

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User comment

2

Comments

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自渡38824
more than one year
Guys, trust me, this broker, Binatex, will execute your price to the market but there's a catch by letting the order entirely to the market your order may be filled in the worst price possible, example: you requested an order at 1.300 but your order will only be filled at 1.400 with a 10 pips slippage. If you don’t want to experience this dramatic trading experience, don’t waste your time or money here.
2023-03-23 09:42
Reply
0
0
砾石
more than one year
There is no need to waste time here as the website is closed and this broker does not have any effective regulation. You can check the wikifx ranking to find out which are the best forex brokers.
2023-02-14 15:58
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0
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