Binetrix Review – What Do We Know About This Forex Broker?

Is Binetrix Scam Broker without Regulation

Binetrix, an anonymous trading company, didn’t give any details about its owner. We also have a Saint Vincent and Grenadines address. Because of the lack regulations, this is a well-known hub for financial fraudsters. The FSA of SVG declared itself unauthorised for Forex and CFD trading companies, which means that they should obtain a license in their country.

We were aware that the brokerage is worldwide and searched for Binetrix regulation within the Australian ASIC, German BaFin and UK FCA registers. We found nothing, which is not surprising.

This trading fraudster, to summarize, provides financial services despite the rules imposed on him by local regulators and ESMA. You cannot count on the Financial Ombudsman for assistance if you have any problems.

Binetrix, an unlicensed offshore company that targets inexperienced investors, is called Binetrix. Although the company claims it connects traders and brokers, it offers investment services that are not subject to proper authorization.

Are Binetrix Scam Victims Living in Canada?

Binetrix complaints indicate that the majority of customers defrauded come from these countries:

• UK
• Netherlands
• Italy
• Spain
• Denmark

We can use your report to pressure authorities to ban the Binetrix trading fraud. Please share any information you have about the fraud with us.

Beware of scammers such as OpoFinance, DeutscheBit and Aswissa. Please tell us about any fraud you have experienced.

How does this scam company find victims?

Without the victims, the scheme would not have been successful. Binetrix made sure to promote its services via fraudulent marketing campaigns that were placed via Google, Facebook and Instagram.

After an unwitting victim clicks on the advertisement, their details such as email and phone number are sent to the brokerage firm. You can then expect to receive a series of unsolicited phone calls, promotions, and each one better than the last. Broker staff will try to convince you and be aggressive in getting your onboard.

Account managers can reach you via WhatsApp, Telegram and other similar apps if you agree to their story and make the initial deposit. It is their goal to convince you that your investment will result in more signals and better treatment.

You can also reach out via social media like YouTube and LinkedIn. Broker employees can create fake profiles pretending to be financial advisors, since the latest is a business networking. Their story may even sound plausible. You should be aware of this.

What can I trade with a broker?

The video we have shown shows that clients can trade these CFDs.

• Cryptocurrencies – BNB, DAI, DASH
• Indices Dow Jones,NASDAQ,NIKKEI225
• Commodities – oil, gold, natural gas
• Stocks and BTC vs. Stocks and USDT

Surprisingly, Forex assets are not included in the offer.

Is Binetrix Demo Account Available?

We can’t sign up for an account so we are unable to access the Binetrix Demo account. It is not mentioned on the website so we are not sure if there is one.

Demo account is risk-free and allows you to try the platform. It’s no surprise that one broker, a scheme company, did not offer something for free.

How do I withdraw money from Binetrix

Binetrix’s Withdrawal Policy states that the request must be made through the personal cabinet of the trading platform. If you have received bonuses, however, you will not be allowed to submit a request until you reach the minimum trading volume.

If you have not paid the bonus, the following payment options are available:

• Credit/debit card
• QIWI Wallet
• WebMoney

We cannot confirm this without access to the trading cabinets.

Are there Binetrix Deposit bonuses?

Binetrix offers a 100% bonus on your initial deposit. But, you need to be aware that there is a malicious clause.

If you have not reached a minimum trading volume equal to 30x your deposit plus the bonus amount, then you cannot file a withdrawal request. You will need to pay 30% of the remaining trade volume ratio if you want to withdraw before you reach the minimum trading volume. This is all within the timeframe provided by brokers.

What is a chargeback?

Chargebacks are a way for your bank to recover funds from the merchant. We recommend that you contact us immediately to begin the process. We will have a free consultation to discuss how we can recover your money right away!

Binetrix: Video

Below you will find a short video about Binetrix. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Binetrix!