Score

1.50 /10
Danger

BINANCETRADE

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

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Exposure

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Website

Score

Regulatory Index0.00

Business Index6.90

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

BINANCETRADE

Company Abbreviation

BINANCETRADE

Platform registered country and region

United Kingdom

Company website

X

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2025-01-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

BINANCETRADE · Company summary

Note: BINANCETRADE's official website: https://binancetrade.live/index.php is normally inaccessible.

BINANCETRADE Information

BINANCETRADE is an unregulated brokerage company registered in the United Kingdom. While the broker's official website has been closed, so traders cannot obtain more security information.

Is BINANCETRADE Legit?

Is BINANCETRADE Legit?

BINANCETRADE is not regulated, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.

Is BINANCETRADE Legit?

After a Whois query, we found that this company's domain name is for sale, which shows that this company has not registered it securely.

Downsides of BINANCETRADE

  • Unavailable Website

The website of BINANCETRADE is inaccessible, raising concerns about its reliability and accessibility.

  • Lack of Transparency

Since BINANCETRADE does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

BINANCETRADE is not regulated, which is less safe than a regulated one.

Conclusion

BINANCETRADE Since the official website cannot be opened, traders cannot get more information about security services. In addition, the unregulated status and unregistered domain name indicate that the trading risks of the broker are high. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investments and compliance with legal standards. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

News

ExposureThe centralized exchanges have a long way to go.

Is Binance being used by fraudsters when it froze client funds without even giving notice?

WikiFX
2023-02-28 16:44
The centralized exchanges have a long way to go.

User Reviews

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User comment

2

Comments

Write a review

Japanert
more than one year
Long-time home trader with BINANCETRADE. BINANCETRADE has good support and I like the MT4 platform they provide for free. Their website is little outdated and spreads could be better but overall, I think they are worth using.
Long-time home trader with BINANCETRADE. BINANCETRADE has good support and I like the MT4 platform they provide for free. Their website is little outdated and spreads could be better but overall, I think they are worth using.
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2024-08-26 09:56
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Zhulirode
more than one year
BINANCETRADE is by far the worst broker I've ever dealt with. After transferring funds, they freeze your money for 3 or 4 days before allowing withdrawals. It takes an additional 2 or 3 days for the transfer to actually go through. This delay led to poor trading decisions on my part and significant financial losses.
BINANCETRADE is by far the worst broker I've ever dealt with. After transferring funds, they freeze your money for 3 or 4 days before allowing withdrawals. It takes an additional 2 or 3 days for the transfer to actually go through. This delay led to poor trading decisions on my part and significant financial losses.
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2024-01-08 10:34
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