Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

GGBINARY

New Zealand|5-10 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|Suspicious Overrun|High potential risk|

https://www.ggbinary.com/en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
ACYFX-Demo MT4
Server Location United States

Contact

+852-30201788
info@ggbinary.com
https://www.ggbinary.com/en
https://www.facebook.com/ggbinary

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+852-30201788

Japanese

85230501788

Vietnamese

85251697597

Chinese (Simplified)

85230501749,85230501788,85266185612

Broker Information

More

Company Name

GGBINARY OPTION

Company Abbreviation

GGBINARY

Platform registered country and region

New Zealand

Company website
Twitter
Facebook

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Users who viewed GGBINARY also viewed..

XM

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

FXCM

9.46
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

IsandisoFX

7.48
Score
Within 1 yearRegulated in South AfricaFinancial Service CorporateMT4/5 full license
Official website

LonghornFX

7.59
Score
2-5 yearsRegulated in United KingdomCommon Business RegistrationMT4/5 full license
Official website

GGBINARY · Company Summary

Note: GGBINARYs official site - https://www.ggbinary.com/en is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

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 contained in this article is for general information purposes only.

General Information

GGBINARY Review Summary
Founded 2014
Registered Country/Region New Zealand
Regulation FSPR (Suspicious Clone)
Market Instruments Forex, cryptocurrencies, stocks, indices and commodities
Demo Account Unavailable
Trading Platforms MT4
Minimum Deposit $200
Customer Support Email, Phone, QQ

What is GGBINARY?

GGBINARY, a trading platform founded in 2014 and based in New Zealand, claims to offer a wide range of trading instruments. However, it is important to note that there are certain concerns regarding the credibility and transparency of this broker. The provided FSPR regulation is suspected to be a clone and not a valid regulation.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons
Pros Cons
• A range of trading instruments • Website is unavailable
• MT4 supported • FSPR (Suspicious Clone)
• Social media presence • No demo accounts
• Phone and email support available

GGBINARY Alternative Brokers

There are many alternative brokers to GGBINARY depending on the specific needs and preferences of the trader. Some popular options include:

  • eToro - A popular social trading platform that allows traders to follow and copy the trades of other successful traders.

  • Equiti - A trusted global broker specializing in online trading of forex, commodities, and indices, offering cutting-edge technology, superior execution, and comprehensive market analysis.

  • Interstellar FX - A trading platform that provides a wide range of financial instruments, leveraging advanced technology to offer a seamless trading experience to its clients.

Is GGBINARY Safe or Scam?

The New Zealand FSPR regulation (license number: 371806) claimed by this broker is suspected to be clone. Therefore, it currently has no valid regulation, which means that there is no government or financial authority oversighting their operations.

suspicious clone FSPR license
Besides, the official website of GGBINARY is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

If you are considering investing with GGBINARY, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Market Instruments

GGBINARY offers a variety of trading instruments across different asset classes, including forex, cryptocurrencies, stocks, indices and commodities.

  • Forex: GGBINARY enables users to trade in the forex market, which involves buying and selling currencies. Traders can participate in major currency pairs like EUR/USD, GBP/USD, or USD/JPY, as well as minor and exotic pairs.

  • Cryptocurrencies: GGBINARY provides the opportunity to trade various cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and many others. Traders can take advantage of price fluctuations in these digital assets.

  • Stocks: GGBINARY offers access to trading stocks of various global companies. Traders can buy or sell shares in well-known businesses such as Apple, Amazon, Google, Tesla, and many more, based on their trading strategies and market analysis.

  • Indices: GGBINARY allows users to trade indices, which are composed of a basket of stocks representing a specific market or sector. Traders can speculate on the performance of indices like the S&P 500, Dow Jones Industrial Average, NASDAQ, FTSE 100, and others.

  • Commodities: GGBINARY offers trading in commodities, including natural resources or agricultural products. Traders can speculate on the price movements of commodities like gold, silver, oil, natural gas, corn, wheat, and more.

Accounts

GGBINARY offers two accounts for their clients:

  • GG Simple Commerce Account:

The GG Simple Commerce account is the basic trading account offered by GGBINARY. The minimum deposit required to open this account is $200. Traders with this account type have access to a range of trading instruments across different asset classes. They can trade forex, cryptocurrencies, stocks, indices, and commodities. This account provides users with essential features and tools to execute their trades effectively.

  • Plus Commerce Account:

The Plus Commerce account is a more advanced account type offered by GGBINARY. The minimum deposit required for this account is also $200. Traders with a Plus Commerce account receive additional benefits and features compared to the GG Simple Commerce account. These may include access to more advanced trading tools, personalized customer support, exclusive educational resources, and potentially lower trading fees.

Trading Platforms

GGBINARY offers the popular MetaTrader 4 (MT4) trading platform for its clients. MT4 is a widely recognized and widely used platform in the financial industry. It provides traders with a user-friendly interface, advanced charting tools, and a wide range of technical analysis indicators. Traders can access real-time market data, execute trades, and manage their accounts all within the MT4 platform.

One of the key advantages of the MT4 platform is its versatility. It supports trading in multiple asset classes, including forex, cryptocurrencies, stocks, indices, and commodities. This allows traders to have all their trading activities centralized in one platform, making it convenient and efficient to diversify their trading portfolio.

MT4

See the trading platform comparison table below:

Broker Trading Platform
GGBINARY MT4
eToro Proprietary
Equiti MT4, MT5
Interstellar FX MT4

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: English +852-30201788

Japanese 85230501788

Vietnamese 85251697597

Chinese (Simplified) 85230501749,85230501788,85266185612

Email: info@ggbinary.com

outreach@ggbinary.com

csvn@ggbinary.com

QQ: 800191251

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram and Linkedin.

Twitter: https://twitter.com/ggbinaryvn

Facebook: https://www.facebook.com/ggbinary

Conclusion

In conclusion, GGBINARY is a trading platform that claims to offer a variety of trading instruments across different asset classes. However, it is important to note that there are concerns regarding the legitimacy and regulation of this broker. FSPR regulation is suspected to be a clone, raising doubts about the validity of their regulation. Additionally, the inaccessibility of the official website suggests that the trading platform may have absconded. These factors indicate a lack of valid regulation and transparency, making investing with GGBINARY potentially risky.

Frequently Asked Questions (FAQs)

Q 1: Is GGBINARY regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at GGBINARY?
A 2: You can contact via telephone, +852-30201788, email, info@ggbinary.com, and outreach@ggbinary.com and QQ, 800191251.
Q 3: Does GGBINARY offer demo accounts?
A 3: No.
Q 4: Does GGBINARY offer the industry leading MT4 & MT5?
A 4: Yes. It supports MT4.
Q 5: What is the minimum deposit for GGBINARY?
A 5: The minimum initial deposit to open an account is $200.
Q 6: Is GGBINARY a good broker for beginners?
A 6: No. It is not a good choice for beginners. Not only because of FSPR (Suspicious Clone), but also because of its inaccessible website.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

1

Comments

Write a review

杨胜贵
more than one year
GGBINARY has been amazing for a couple of months but I can boldly tell you that they’re the worst ever as it stands today because they’re not competent enough to give the best to their customers. They advertise their platform very well, but actually, they are just a suspicious clone broker. They are not regulated and their company address doesn’t exist at all.
2023-03-23 17:46
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;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com