South Africa
WikiFX
2019-07-17
|
Rating
/10
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
License Index
Business Index
Risk Management Index
Software Index
Regulatory Index
Straight Through Processing(STP)
LFSA Offshore Regulatory
Retail Forex License
VFSC Revoked
Retail Forex License
FSC Offshore Regulatory
Retail Forex License
FSA Suspicious Clone
Company Name:
BinaryCompany Abbreviation:
Binary.comPlace of registration:
United Kingdom
Regulatory Status:
Offshore RegulatoryCustomer Service Email Address:
support@binary.comCustomer Service Phone Number:
08000119847Company summary
BasicInformation&RegulatorsofBinary.comFoundedin1999,Binary.comisanonlinebinaryoptionsbroker.Binary.comemploysover300staffandcontractworkersworldwideandhasoveronemillionregisteredaccountsworldwidewithofficesinMalaysia,Malta,Paraguay,andtheUnitedArabEmirates.Investorscantradecurrencies,indices,commodities,andcompositeindices24/7ontheBinary.complatform.Binary.comisownedandoperatedbytheDerivGroup.Deriv(FX)Ltdcurrentlyholdsastraight-throughlicense(licensenumber:MB/18/0024)fromtheLabuanFinancialServicesAuthority(LFSA)inMalaysia,andBinary(BVI)LtdholdsaretailforeignexchangelicensefromtheVirginIslandsFinancialServicesCommission(FSC).SafetyAnalysisofBinary.comBinary.comiscurrentlynotregulatedbythemainstreamregulatorsandsupportstwooffshoreregulatorylicenses,whicharenotstrictlyregulated.Andtheofficialwebsitedoesnotmakeaclearintroductiontospreads,fees,andleverage.InvestorsshouldbecautiousinscreeningthisBinary.comtradingplatform.MarketInstrumentsInvestorscantradebinaryoptions,lookbacks,forex,CFDs,commodities,metals(gold,silver,platinum,andpalladium)throughtheBinary.combrokeragefirm.TradingPlatformAppliedofBinary.comBinary.comofferstraderstheDeriv.comtradingplatform.TraderscantradeawiderangeoffinancialinstrumentsontheDeriv.complatform,aneasy-to-useandversatiletradingplatformforbothnoviceandexperiencedtraders.ThereisalsoSmartTrader,thepreferredbinaryoptionstradingplatformthatallowstraderstotradeonasimple,user-friendlyonlineplatformfortheglobalfinancialmarkets.Deposit&withdrawalofBinary.comBinary.comwelcomesavarietyofpaymentandwithdrawalmethods.ThemainpaymentmethodsareWireTransfer(forEUR,USD,GBP,AUD),PayTrust(forUSD),ZingPay(forEUR,USD,GBP,AUD),Helpay(forUSD),VISA/MASTERCARD/Maestro(forEUR,USD,GBP,AUD),Fasapay(forUSD),PerfectMoney(forEUR).Binary.comdoesnotprovidedetailedinformationonthefeesfordepositandwithdrawal. About MoreWikiFX Risk Alerts
Previous Detection: 2021.08.02 Risk: 7 Item
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on 23 december 2020 i invested with binary broker by the name of lucky ikhlaas i invested R3000 at first then she asked for topup amount of R7000 then she asked for R5000 withdrawal fee then after she asked for my banking app logins so that she can link the accounts to make my profits payment but instead she stole R12000 from my FNB account up to this day she disappeared
FXVITxrh8773
2021/07/31
South Africa
A client has alleged that binary.com did not allow him to withdraw after he made profit and instead, the broker did trade with the client's money,without his knowledge and all money got lost. The client has claimed this broker make profit from people's loss. He has requested regulating bodies to shut down this company, otherwise they would continue to scam people.
FXNAVbro5427
2021/07/25
Bangladesh
I can withdraw with using the Bank card but I have to verify the data again and again
FXIVYacs3382
2021/06/30
Nigeria
On September 6, 2021, when I was trading, more than 200 open positions suddenly appeared within one second. I have reported to the broker about this, and the broker’s response to the open positions of the broker is done by the EA, although the EA I use can only close positions. please help. thank you
Juandi
2021/06/29
Indonesia
A client of Binary.com has complained that he has lost a huge amount of money from his account and binary.com has not been able to provide a proper solution since then to get back the money. Similar kind of complaint has been received against this broker from other clients.
FXNAVbro5427
2021/06/07
Bangladesh
Labuan Financial Services Authority (Labuan FSA) was established on 15 February 1996 under the Labuan Financial Services Authority Act 1996. Labuan FSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre (Labuan IBFC). Labuan FSA’s key role is to license and regulate licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the internal and international best standards adopted by the jurisdiction. Labuan FSA also develops policies for the orderly conduct of business and financial services in Labuan IBFC.
Current Status:
Offshore RegulatoryLicense Type:
Straight Through Processing(STP)Regulated in Country/Area
Malaysia
Regulatory License No.：
MB/18/0024Email Address of Licensed Institution :
jy@binary.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
LoT No.F16, FirsT Floor, ParaGon Labuan, 87000 Labuan F.TPhone Number of Licensed Institution :
087-504 126Licensed Institution Certified Documents :
Binary 纳闽牌照信息--20190610 View Certified Documents Binary labuanfsa20200908更新 View Certified Documents
The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.
Current Status:
RevokedLicense Type:
Retail Forex LicenseRegulated in Country/Area
Vanuatu
Regulatory License No.：
UnreleasedEmail Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
--Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
Binary监管信息20191029 View Certified Documents Binary-VFSC牌照201023 View Certified Documents Binary 瓦努阿图监管页截图.png View Certified Documents
The enactment of the Financial Services Commission Act in December 2001 established the British Virgin Islands Financial Services Commission (FSC) as an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI, which includes insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.
Current Status:
Offshore RegulatoryLicense Type:
Retail Forex LicenseRegulated in Country/Area
The Virgin Islands
Regulatory License No.：
UnreleasedEmail Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
--Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
Binary BVIFSC监管信息20191029 View Certified Documents BINARY 维京群岛外汇监管页截图1.png View Certified Documents BINARY 维京群岛外汇监管页截图2.png View Certified Documents
The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.
Current Status:
Suspicious CloneLicense Type:
Retail Forex LicenseRegulated in Country/Area
Japan
Regulatory License No.：
9010401115222Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
1-9-16 Hiroo,Shibuya-ku,TokyoPhone Number of Licensed Institution :
0362773915Licensed Institution Certified Documents :
Binary FSA监管截图更新20190724.jpg View Certified Documents Binary 日本外汇监管号截图.png View Certified Documents
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Basic Information & Regulators of Binary.com
Founded in 1999, Binary.com is an online binary options broker. Binary.com employs over 300 staff and contract workers worldwide and has over one million registered accounts worldwide with offices in Malaysia, Malta, Paraguay, and the United Arab Emirates. Investors can trade currencies, indices, commodities, and composite indices 24/7 on the Binary.com platform. Binary.com is owned and operated by the Deriv Group. Deriv (FX) Ltd currently holds a straight-through license (license number: MB/18/0024) from the Labuan Financial Services Authority (LFSA) in Malaysia, and Binary ( BVI) Ltd holds a retail foreign exchange license from the Virgin Islands Financial Services Commission (FSC).
Safety Analysis of Binary.com
Binary.com is currently not regulated by the mainstream regulators and supports two offshore regulatory licenses, which are not strictly regulated. And the official website does not make a clear introduction to spreads, fees, and leverage. Investors should be cautious in screening this Binary.com trading platform.
Market Instruments
Investors can trade binary options, lookbacks, forex, CFDs, commodities, metals (gold, silver, platinum, and palladium) through the Binary.com brokerage firm.
Trading Platform Applied of Binary.com
Binary.com offers traders the Deriv.com trading platform. Traders can trade a wide range of financial instruments on the Deriv.com platform, an easy-to-use and versatile trading platform for both novice and experienced traders. There is also SmartTrader, the preferred binary options trading platform that allows traders to trade on a simple, user-friendly online platform for the global financial markets.
Deposit & withdrawal of Binary.com
Binary.com welcomes a variety of payment and withdrawal methods. The main payment methods are Wire Transfer (for EUR, USD, GBP, AUD), PayTrust (for USD), ZingPay(forEUR,USD, GBP,AUD),Helpay(forUSD), VISA/MASTERCARD/Maestro (for EUR, USD, GBP, AUD), Fasapay (for USD), Perfect Money (for EUR). Binary.com does not provide detailed information on the fees for deposit and withdrawal.
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You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.
Official Email：wikifx001@163.com；
Feedback WeChat:fxeye005, fxeye003
Customer Service Phone Number：（HK）+00852 54200870
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Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
