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0 1 2 3 4 5 6 7 8 9
/10

Binatex

United States United States | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://binarop.com

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Contact

http://binarop.com

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
United States
Operating Period
5-10 years
Company Name
Binatex
Company Website
Verified Site
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Official Website

Verified Site

  • binarop.com
    176.112.204.96
    Server Location
    Russia Russia
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    2015-08-27
    Website Name
    WHOIS.R01.RU
    Company
    JSC REGISTRAR R01

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Binatex

Related Companies

BINATEX LLC(Delaware (United States))
United States
BINATEX LLC(Delaware (United States))
Active
United States
Registration No. 3421151
Est. Date
Source Official Statement
Employees

Company Profile

Company Profile

Review summary

GENERAL INFORMATION AND REGULATION

Binatex is an international broker for Binary Options. The company was founded in 2015 and accepts traders from everywhere. The main customers of Binatex are from Europe because the company is based in Cyprus. The Binatex Website is managed by the Binatexia LTD and the Yulanta business Ltd.

Binatex is an unregulated broker that offers Binary Options trading on a limited range of assets. It is owned and operated by Yulanta Business Ltd, a company incorporated in Seychelles, with company number 191592. This company is not regulated and is not a prominent figure on the online trading scene. Even though Binatex is a broker regulated by Russias FMRRC only. However, it does not have a licence – neither from CySEC nor from british regulator. Based on the review, it was found out that the company has its headquarters in Scotland, (or so they say) which is hard to believe. Probably, it will be some sort of a virtual p.o. box. Early in 2017, the company launched a big media campaign luring traders for quick profits. I am not sure whether the effect was not the opposite.

Therefore, Binatex is not regulated by a major financial authority so we can‘t really vouch for their trustworthiness and on top of that, there have been multiple reports from traders who consider themselves scammed by this broker. Even if there’s no definitive answer, we recommend more caution than usual if you plan on doing business with Binatex.

MARKET INSTRUMENT

With Binatex you can trade forex, commodities, and stocks. There is a limited asset variety compared to other brokers but in our opinion, you should feel comfortable with it. There is a range from major and exotic currency pairs. The return of investment (yield) is between 70% and 90%. It is depending on the asset and market situation (time).

ACCOUNT AND LEVERAGE

Bintex provides a multiple trading account with a minimum deposit of $10. But when trying to see the features of each account, we found the website not reachable.

It also offers a Demo trading account. If you are new to trading or the Binatex platform you should try the free demo account for trading. It is a practice account with virtual money. You can try out the platform for free and without any risk by using the demo account. If you made a loss it is possible to deposit virtual money on the demo account. It is an unlimited and free account for every trader. Just change with one click between real money and demo account trading.

TRADING PLATFORM AVAILABLE

Binatex doesn't use MetaTrader as their trading platform, rather it offers a different platform. The platform is available for your computer or smartphone. Download the app for android or apple devices.

For beginners and advanced traders, it is very easy to see how the trading on the platform is working. Also, there is a free demo account for practice trading available. You can watch some video tutorials in the education section or ask the support for help.

DEPOSIT AND WITHDRAWAL

As mentioned before you can start with a minimum deposit of only $10. In this section, we will review the payment methods and conditions for money transactions. Binatex offers more than 10 different payment methods for deposit and withdrawal. Sometimes the payment method is depending on your country of residence.

Traders can use credit cards, cryptocurrencies, and electronic wallets like Yandex, Webmoney, VLoad for their transactions. Surprisingly there are no fees for depositing and withdrawing money on the platform. The broker says that withdrawals are made within 24 hours on working days. The money is managed in European banks.

CUSTOMER SERVICE

The support and service are very rare on this broker. To contact the broker we only found the live chat and the email support but the support is working 24 hours 7 days per week. Sometimes it is quite difficult to contact the broker because a phone number is missing

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is Binatex a reliable or highly suspicious trading platform?

Based on WikiFX data, Binatex operates without any valid authoritative forex trading licenses and lacks formal financial regulatory oversight, representing a fundamental departure from mainstream broker reliability standards. With an operational history of approximately 5 to 10 years and a WikiFX assessment score of 1.54 out of 10, the platform exhibits a high-risk regulatory profile. This objective assessment indicates severe deficiencies in the foundational compliance framework that are critical for platform reliability.

04-02
United States

What is the license number of Binatex?

WikiFX data shows that Binatex does not hold any verifiable regulatory licenses for forex trading. The broker's regulatory status is formally listed as 'No Regulation', and no license numbers from recognized financial authorities are associated with its operation. This absence of credible licensing is a core component of its overall risk profile.

04-02
United States

What is the official website of Binatex?

The official website address for Binatex is not publicly disclosed in standard broker directories or regulatory registries. WikiFX assessment indicates that a lack of transparent, publicly accessible contact and web information is consistent with the broker's unregulated operational model.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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