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Binary International Scam
If you are interested in trading options and you want to find a broker that will supply all your requests, then Binary International is definitely not your 100% money maker. It belongs to the category of unknown scam brokers. In case you have a chance of encountering it, then be aware that Binary International is highly recommended to be avoided. Why? Read our Binary International review.
Min. Deposit: $250 Demo: No
Platform: Custom Bonus: No
Regulation: N/A US Clients: Yes
DO NOT SIGN UP! Read full Binary International Scam Review and find out what is waiting for you. SCAM DETECTED!
Binary International Scam Review: About the Company
When you enter the website of the broker, you instantly get the feeling of doubt not just because of design. Binary International has an address presented like: Babrow Building, The Valley, British West Indies, Anguilla. The info on the website indicates that Binary International is a partner of so well-known representatives of the business world such as Nasdaq, MasterCard, Maestro, London Stock Exchange.
However, when you try to verify the partnership terms by clicking on the following icons, you will be simply thrown to the Open Account page. We also failed to find any validated information about the date of foundation and who actually represents Binary International options, even though we were quite attentive and scrupulous. The reason is evident – no such significant information is provided. Broker also outlines that it is awarded with IBFA approval. In fact, this matters nothing.
As the vast majority of scam brokers, they offer get-rich-quick fraudulent trading methods or strategies doubled with special offers to multiply your cash bonus starting from demo account.
Binary International Accounts Review
Binary International offers you 4 different packages in a couple with Third Party Signals Software with a starter price of $250. Is Binary International scam? Yes, it actually is and its offers involve subtle scheme that actually leads to enrich the deceiver and thus end with a considerable money loss for a trader. Alongside with ordinary packages, Binary International offers so called additional Corporate Package that claims to provide you with a dedicated training consultant. Do not forget that you do not know who you are dealing with, and such package should be avoided as the broker itself.
Now we are going to describe the suggested packages. Here they are:
Starter Package is the first account to be offered. However, it claims to grant you trading all assets and all timeframes. This already makes it quite questionable considering that it is just the starting package. As with other packages that are going to be discussed, this pack has minimum trade of $5, while the minimum deposit is evaluated as $250. It is stated that you can get 50% Deposit Cash bonus. Such generosity in starter package looks strange at least.
Well, the premium offers trading all assets and all timeframes just well as starter. It is not a secret, that such offer is stated in platinum and maestro packages of Binary International scam too. Well, you are offered with 24/7 trader support and free practice demo account. Again, this “opportunity” is presented in 2 following packages. We would like to draw your attention to the fact that demo account is usually offered in all types of packages and first of all in the starter as it is meant to serve new traders. Nonetheless, you see that this scam broker is interested in the personal prosperity, thus pushing traders to buy more expensive packages. Moreover, the minimum deposit here equals $500 along with 100% Deposit Cash Bonus. Do not let to deceive yourself.
This package is described by Binary International as the most popular choice, although who actually chose it – that is unknown, as the website is deprived of adequate feedback. But that is a bit a later. Risk-Free trades is what such account claims to offer. In addition, minimum deposit here is $1,000 with 150% deposit cash bonus.
The last package being of the highest value offers so called Risk-Free trades as well. Minimum deposit is $2,000 and it has 200% deposit cash bonus.
Binary International Scam Trading Platform
The Binary International platform does not look promising at all, especially if you compare it with other binary trading platforms. It has not user-friendly interface. Generally, it offers 4 types of binary options: High/Low, Boundary, OneTouch, Short term.
Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
Perfect for Beginners!
2 place in the ranking!
However, this platform is not suited for successful traders being eager to gain benefit from trading binary options. Beside the fact, that this broker is the scam, this platform was not designed to support the user and thus cannot bring anticipated profit. The extra reason against using this broker is that the diversity of options available is quite limited. Therefore, avoid Binary International scam.
Binary Scam International Deposits and Withdrawals
Our review discovered that the broker permits deposits via credit/debit cards and wire transfers. As for the withdrawals, they are made in the same way like deposits. However, talking about card, you cannot withdraw more than the deposit, the rest will be sent by the bank. Binary Options Hub does not believe that you can fortunately trade with such withdrawal.
Binary International Customer Support
Binary International review ensures once more, that such brokers often try to imitate good and permanent customer support. However, this broker does not even have the live chat in which you can ask your questions. Instead, you are given the chat linked to the e-mail of a broker, so the answer cannot be instantaneous – it is a lottery. You are also provided with only one phone number and whether it supports your native language is unknown.
Binary International Account Application
Scam brokers tend to give you unsophisticated account application and that is the sign of pure fraud usually.
This box is all what the account opening represents, thus be most attentive and avoid this broker
Honest Binary International Scam Review Conclusion
Is Binary International scam? Yes. It has no verified information presented on the website. The trading platform, apparently made hastily by the scam broker, does not look good. Our overall impression is not satisfying.
Do not ever open account with scam brokers! Trade with trusted ones!
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
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Binary.com, A leading and satisfying broker
Binary.com is really a life changer for as many as are good in price action analysis and a destiny helper for as many as are good in marketing who can apply the skill in partnership with the great broker, Binary.com. i would have rate binary.com 5 star but 2 solid and heartbreaking reasons held back 2 stars from the 5 i wanted to give and i’ll quickly add the 2 if binary.com is able to solve the 2 problems quickly. these problems are outlined below:
1. Subaffiliates commissions: Most of the people i refer with my subaffiliate link are people who promote synthetic indices (MT5), this makes my subaffiliate package less rewarding, i’ll like it if the subaffiliate commissions can be made in such a way that i can get share from the mt5 commissions of my Subaffiliate referrals. I have seen brokers who pay subaffiliates from the trade their Subaffiliate referrals place on MT5 and its really good and encouraging. I hope binary.com look into this and help fix it quickly. thanks
2. Hanging of MT5 trading platform: The complains i receive from my mentees and colleagues in synthetic indices trading over hanging of their MT5 is rising daily, and it is not funny anymore, i’ll be glad if binary.com can put a stop to this prevailing issue and boost the confidence and accuracy of synthetic indices traders again. Many are afraid of orders not getting executed at the price they want, others are afraid of trade not closing the time they desire. i hope to start getting positive reviews from those complaining soon. Thanks
if these are fixed, i’ll rate binary.com 5 stars anywhere, anytime
Thank you for taking the time to share your feedback with us. We truly appreciate your comments as it will help us understand the matters that are important to our affiliates and resolve them efficiently. Rest assured, your affiliate manager will be reaching out to you shortly to discuss on how we can improve your experience as an affiliate for Binary.com.
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31FX – Is 31-fx.com scam or good forex broker?
RECOMMENDED FOREX BROKERS
31FX is a forex and CFD broker offering six account types and a variety of crypto CFDs on the cTrader platform. If you are thinking about opening an account with them be sure to read this review first.
|Account type||Min. deposit||Max. leverage||Spread s|
|Basic Account||500 EUR||1:100||0,1 pip|
|Bronze Account||5000 EUR||1:100||0,1 pip|
|Silver Account||25 000 EUR||1:200||0,1 pip|
|Gold Account||50 000 EUR||1:400||0,1 pip|
|Platinum Account||100 000 EUR||1:500||0,1 pip|
|Diamond Account||150 000 EUR||1:1000||0,1 pip|
Leverage up to 1:1000
Leverage of up to 1:1000, which you can get on the Diamond Account with 31FX, is basically as good as you can get on the market. Higher leverage helps traders score higher profits with relatively small deposits. Still, you should keep in mind that higher leverage also means higher risk of loosing your funds much faster. Experienced traders know that risk well and seldom trade with leverage exceeding 1:100.
Just for the record maximum leverage with the Basic and the Bronze accounts is 1:100, with the Silver Account – 1:200, with the Gold Account – 1:400, while with the Platinum Account – 1:500. This, however, is a bit counter intuitive, as most brokers offer higher leverage with their starting accounts, while with the premium accounts, were higher deposits are at stake, the leverage is usually more conservative.
On its website 31FX says that spreads start at 0,1 pip with all account types and that, in our view, is too good to be true. So we opened a Demo Account to get a first hand feel of the trading conditions. The EURUSD spread was almost there – 0,2 pips and no commission on the trade was taken. Still here you may check our list of brokers, offering similarly tight spreads:
Lack of regulation
31FX is a brand name of JRV Market Ltd, which is registered on the British Virgin Islands and does not have a license to operate as a forex and CFD broker.
This is unfortunate, as unregulated brokers are not obliged to follow any rules and most often than not are involved in scam.
On the other hand, brokers holding a license from respected financial institutions such as the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus and the Australian Securities and Investment Commission (ASIC) have to follow strict financial and ethical rules. FCA and CySEC brokers for example have to keep operational capital of at least 730 000 EUR, while the minimum operational capital set for the ASIC brokers is 1 000 000 AUD. In some cases brokers are even obliged to insure traders money.
FCA and CySEC brokers for example have to participate in client compensation schemes. Under the FCA backed Financial Services Compensation Scheme, in case the broker goes insolvent, traders can be compensated with up to 50 000 GBP. A similar CySEC insurance mechanism, guarantees up to 20 000 EUR of the trading capital. Here you can check our list of brokers, licensed by the FCA:
Despite the competitive trading conditions and the nice array of crypto CFDs, 31FX remains an unregulated, offshore broker, offering little security for any potential investment. As we already discussed, traders may feel secure only with brokers, regulated by well established financial institutions.
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Best Binary Options Brokers 2020: