- Beware of Binatex. Get to know the facts
- Who is Binatex?
- They offering a demo account
- Legit or Fraud?
- What are the warning signs that they might not be legit?
- The verdict. Proof that they aren’t legit
Forex trading is a great way to make some extra money. Some people are doing this just as a hobby, while other people are doing this every single day. They don’t have another job. The thing is that there are many forex brokers that you can make use of. And, if you don’t know which are legit and which are scams, then you might lose a lot of money.
One thing that you should know is that Binatex is one of the forex brokers that you can use. However, are they legit or just another fraud company? Now, you can know the truth?
Binatex is a forex broker that was established in 2015. They are trading for some time now, and still, people are wondering if they are legit or not. They are trading in forex and is making use of a platform that is hard to get more information on it.
The first problem that we are seeing, is the fact that we don’t find any real information about them. We see that they are forex traders, and we see that they were established in 2015. It is also possible to see where they are situated. But, this is all the information that we are getting about the company itself.
This is the one great thing about them. And, maybe the reason why they are still in business and people still making use of them. They are offering a demo account to new traders.
A demo account means that you can trade, and learn as much about forex trading as possible. However, you don’t lose money if you don’t trade successfully. And, you don’t get money if you were successful. This is a great learning experience for new traders. It is always great to be able to use a demo account before you start trading for real money.
If they are in business since 2015, are they legit or are they just another scam broker? There are a couple of things that we look at when we decide if they are legit or not.
And, if you are looking at everything, we really think that they aren’t legit. There are many warning signs that you should be aware off before you can make use of them. Yes, they do offer a demo, but you must remember this isn’t proof that they are legit.
Before you can start using their real account, you need to make sure that you really are comfortable using them. There are really many people that have reported that they were scammed with Binatex. Especially when it comes to withdrawing their money again.
It is important to know what the warning signs are. This is how we decide that they might not be as legit as what they claim to be.
The first thing that you need to know is that they are an unregistered forex broker. Meaning that you don’t have any real proof that they are going to work according to the forex trading rules and regulations. And, they are not regulated by regulators.
The second thing is their terms and conditions. If you are reading normal terms and conditions, you will know exactly what you need to know before trading. This isn’t the case after reading Binatex’s terms and conditions. You will be confused and might have more questions than answers.
There isn’t any live chat support given to traders. This can be hard to get any information or assistance when you have problems with withdrawing your money. They are hard to reach in case of any problems. This is something that is an important warning sign. Their website isn’t professional looking, and there are many mistakes. This is cause for concern. If they can’t hire someone for a professional looking site, how can they still be a forex broker?
They are for sure not recommended for using. They are unregistered, unregulated and not trustworthy at all. Don’t find any real information about them or the platform that they are using. Yes, they are offering a demo account, but this isn’t proof that they are legit. They are just making sure that you trust them more.
Binatex is for sure not one of the most reliable forex brokers on the market, and we don’t recommend them in any way.
If you are looking for forex brokers to start trading, you should rather stay away from Binatex. This is an unregistered forex broker that have more negative reviews than any positive reviews. You can make use of the demo account without any problems, but this is where it should stay. If you want to trade with success, Binatex isn’t the broker for you.