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BinoTrader

Austria|2-5 years|
Suspicious Scope of Business|High potential risk|

https://binotrader.com/

Website

Rating Index

Contact

support@binotrader.co
https://binotrader.com/
Rottalgasse 2, 8010 Graz

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!
Previous Detection : 2024-11-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

BinoTrader · WikiFX Survey

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BinoTrader · Company Summary

Note: BinoTrader' official website: https://binotrader.com/ is currently inaccessible normally.

BinoTrader Review Summary
Founded2018
Registered Country/RegionAustria
RegulationUnregulated
Market InstrumentsForex, stocks, and commodities
Demo Account
LeverageUp to 1:500
Spread/
Trading PlatformWeb-based platform
Min Deposit$1000
Customer SupportEmail: support@binotrader.co
Address: Rottalgasse 2, 8010 Graz

BinoTrader, founded in Austria in 2018, operates as web-based trading platform. However, it is not a legit and safe broker. It is not regulated and their website is not available. Besides, it does not provide a reliable trading platform like MT4.

BinoTrader

Pros and Cons

Pros Cons
NoneUnregulated
No reliable trading platform
Only accept cryptos funding
Inaccessible website

Is BinoTrader Legit?

BinoTrader is not regulated. Furthermore, as of now, their website is not accessible. Therefore, it is not a legit broker.

What Can I Trade on BinoTrader?

In BinoTrader, you would be allowed to trade only forex, stocks, and commodities.There's no ETFs trading or bonds trading.

Tradable Instruments Supported
Forex
Commodities
Stocks
Cryptocurrencies
ETFs
Bonds
Mutual Funds

Leverage

BinoTrader provides a leverage as high as 1:500. But we have to say while this can amplify profits, higher leverage also significantly increases risk.

Trading Platform

BinoTrader only offers a web-based trading platform. This platform is not necessarily bad, yet it is not particularly remarkable either. You can have access to some more fundamental tools and features, but don't anticipate any kind of more sophisticated functionality.

Trading Platform

Deposit and Withdrawal

BinoTrader only allows deposits in Bitcoin and Ethereum. Crypto transactions cannot be linked to a specific individual, only to a wallet address, which makes them highly anonymous. Besides, each crypto transaction is recorded in a ledger that cannot be altered and confirms all preceding and subsequent transactions. Therefore, this payment method is not safe!

Broker Information

Company Name

BinoTrader

Abbreviation

BinoTrader

Regulatory Status

No Regulation

Platform registered country and region

Austria

Company website
Phone of the company

--

X

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • Rottalgasse 2, 8010 Graz

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@binotrader.co

Company Summary

Review 1

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