Table of Content
Binetrix Review – All About Binetrix.Com Broker
Table of Content
Binetrix is a fraudulent broker that doesn’t attempt to hide its true nature. It is clear that the website is badly designed, resulting in many negative reviews.
Also, the broker blocks unauthorized users from accessing its client area. Clients must contact their assigned account manager to open an account. These so-called managers are cold callers or retention agents attempting to trick you. Although this is a common fraudulent tactic, it is rarely as blatant as it is here.
Upon reviewing the website, we discovered several dubious elements. The charts from third-party sources are not real trading software. Moreover, they provide irrelevant information. There is no reason to trust any trading conditions presented by these sources.
In addition, there are no trading conditions posted anywhere on the site. Stay tuned for more details in this Binetrix review.
|Headquarters||Saint Vincent and the Grenadines|
|Minimum Deposit||1000 EUR|
Is Binetrix Broker Safe for Your Money? Regulation
Binetrix appears to be a typical SVG broker, with its apparent address and legal documents registered locally. However, this Caribbean nation has no official FX regulator, leading to an influx of defrauding brokers. Note that Binetrix broker is not licensed anywhere and is a scam.
Investing in an unlicensed broker like Binetrix is a futile and illegal endeavor. We recommend relying on licensed European, UK, US, or Australian brokers that comply with strict requirements and anti-fraud practices. In short, these licensed entities are the total opposite of what Binetrix.com and similar brokers represent. Don’t risk losing your money to scammers.
What Trading Platforms Are Available?
Binetrix.com is not a legitimate broker because there is no evidence of a trading platform. The website does not mention any platform and instead focuses on investment plans. The “trading floor” section is full of irrelevant third-party charts.
Binetrix claims to have a powerful web-based platform, but that is untrue. As we could not even register, we couldn’t access the trading platform. The fact that there is no proven and reliable trading software, like MetaTrader4 or MetaTrader5, suggests that this may be a scam. You should be aware of that.
What Account Types are Offered at Binetrix?
Binetrix broker scam offers these six account types:
- Opening – 1.000 EUR minimum
- Horizon – 5.000 EUR minimum
- Heritage – 15.000 EUR minimum
- Fortune – 50.000 EUR minimum
- Great Fortune – 150.000 EUR minimum
- Infinite – 300.000 EUR minimum
All these accounts, as they claim, are without any hidden fees. Interest on these accounts ranges from 3-7%. What’s more, there are no other trading conditions specified. We can only assume their goal is to disappear after they take enough money from you.
Trading Instruments Overview
This fake broker is offering trading instruments in 4 classes:
- Crypto assets – BNB, ETH, LTC
- Indices – NASDAQ, DAX30, FTSE100
- Commodities – Gold, Oil, Platinum
- Stocks / BTC – Stocks / USDT
Note: There is no need to be ashamed or hesitant when it comes to reporting a scam. It is a responsible and necessary action to protect yourself and others from online fraud or other forms of deception.
Funding Methods at Binetrix
According to Binetrix, they offer multiple payment options. These options include bank transfers, credit cards, Paypal, and Skrill. Bank transfer is considered one of the safest methods. This is due to its regulation by financial institutions.
The minimum deposit required is 1,000 EUR. That is higher than the normal amount a broker would ask for. However, many regulated companies provide micro accounts to familiarize you with their platform.
Withdrawals from Binetrix may be concerning. The company lacks proper licensing and demands additional confirmation before processing withdrawal requests. Furthermore, they may refuse to pay out for entirely random reasons.
How Do I Get My Money Back if I’ve Been Scammed by Binetrix?
If Binetrix refuses to refund your deposited funds, don’t worry. There is usually always a way to retrieve your money. It’s wise to keep records of all communication with the company, including emails requesting a refund that they fail to provide or delay.
One course of action is to initiate a chargeback immediately. Contact your bank or credit card provider and explain that you were misled into depositing funds with an unregulated trading company that refuses to issue a refund.
It is a simple and effective way of reclaiming your money. Also, if you make a lot of chargebacks, it can negatively impact Binetrix’s relationship with payment service providers.
Tip: It’s not wise to invest with Binetrix as they are an unreliable broker who only seeks to take your funds. Investing with scammers usually results in subpar service that doesn’t justify the investment.
To avoid such negative experiences, conduct thorough research and read reviews from trustworthy sources. It’s advisable to stay far away from Binetrix to prevent any potential losses.
This Binetrix review reveals several negative aspects of the company. Let’s take a look!
- This broker lacks a valid license.
- Aside from the lack of a license, this broker has an offshore registration.
- They include a website with virtually no reliable information.
- There are trading bonuses with conditions attached.
- Lastly, there is completely unreliable trading software.
FAQs About Binetrix Broker
Is Binetrix a Scam Broker and Why?
This is a broker scam and it is in your best interest to avoid it. You can lose all your investments with this broker.
What Is the Minimum Deposit for Binetrix Broker?
The minimum deposit amount that this broker asks for is 1000 EUR. This is a lot, by all means.
How Long Do Binetrix Withdrawals Take?
It is unclear how long the withdrawals take as nobody was ever able to withdraw any funds from here.