Binatex Review

It’s important to do your due diligence whenever you’re looking for an online forex site. Read this Binatex Review to help you find out what this company is all about. It was established in 2015 and has, since then, successfully been in operation. One of their offices is located in Seychelles at Sound & Vision House, along the Francis Rachel Str.

The other office is situated in Hungary. This is at 1085, Budapest, in District VIII, Stahly Street 13. Binatex is a binary options broker owned by Yulanta Business Ltd. Within its first two years, it earned itself 6 prestigious international awards. In 2015, it was awarded for being the preferred broker to its clients and, having impressive customer support.

In 2016, they were awarded for their unique trading platform, and, the creative approach to their user-friendly interface. Once you register on the site, you will have access to a Binatex demo account. A demo account allows you to get a feel for how trading on their platform works. This is of extreme importance as they have their own, custom-built platform. Not to worry though, it’s a very intuitive and easy to use interface.

Find the best trading platform. You capital is at risk when trading. Be careful.

Is Binatex A Scam? Is Binatex Regulated?

Owned by Yulanta Business Limited, Binatex were initially regulated by the FMMRC. However, that is no longer the case and even the link on their site was removed.  We always advice to not use unregulated brokers as most of them are scams. Checking with different trader review sites, you will notice there is mentions shady activities. That is because their clients are mostly dissatisfied by their overall experience on the platform, whether they make earnings, or lose a little.

This CFD brokers site allows clients to practice on a demo account in addition to offering educational materials on the platform. Such resources make it ideal for both newbies and experienced online traders since they have a unique trading platform. The site is also available in over 15 languages, making it a fairly globalized platform. They do not, however, accept players from the US. A minimum deposit of $10 is allowed, with a minimum deposit of $50 earning you a 100% bonus to get you started. In case of any queries, they have a customer support team.

Alternatives To Binatex

The online forex industry is continually growing. This is due to the ease with which one can trade online once they’re familiar with the platform.

More and more people are choosing this method as their preferred mode of making investments. As such, it’s advisable to have multiple reliable platforms to trade on. Have a look at an IQ Option review to see what they have to offer. For starters, they also have low minimum deposit ranges for their traders.

Another option is AvaTrade. This online trading platform is regulated in the EU and BVI, as well as other regions worldwide to increase its client reach.

Between 65-89% of retail CFD accounts lose money.