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Score

1.42 /10
Danger

TradeBaionics

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.tradebaionics.com

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Score

Regulatory Index0.00

Business Index6.28

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

Regulatory disclosure

Danger

EE FSA
2022-03-30
Finantsinspektsioon Investor Alert
TradeBaionics

Broker Information

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Company Name

TradeBaionics

Company Abbreviation

TradeBaionics

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

TradeBaionics · Company summary

Note: TradeBaionics's official website - https://www.tradebaionics.com/ is currently inaccessible normally.

TradeBaionics Review Summary
Founded2021
Registered Country/RegionUnited Kingdom
RegulationNot regulated
Market InstrumentsForex, etc.
Demo Account✅
LeverageUp to 1:200
EUR/USD SpreadFloating around 0.8 pips
Trading PlatformWeb
Min Deposit$10,000
Customer SupportTel: +44 2030052502, +442030052038
Email: support@tradebaionics.com
Address: 60 Queen Victoria St, London EC4N 4TZ, United Kingdom

Founded in 2021 in the United Kingdom, TradeBaionics is a forex broker, whose minimum deposit is as high as $10,000. Besides, traders can only trade on the web-based platform. Though its leverage is up to 1:200, it is not regulated.

Pros and Cons

Pros Cons
Demo accountsUnavailable website
Tight EUR/USD spreadNot regulated
Popular payment optionsNo MT4/5
High minimum deposit

Is TradeBaionics Legit?

No, TradeBaionics is not regulated by any financial authorities. It means that it doesn't need to obey the rules of any regulations. Please be aware of the risk!

No license

Leverage

A leverage ratio of up to 1:200 is offered by TradeBaionics, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spread and Commission

As tested at TradeBaionics demo web account, the spread for the benchmark EUR/USD pair was floating around 0.8 pips.

As for commissions, the broker states that it does charge some commissions and the amount of commission is either a percentage of your trade size or a fixed percentage.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Web platform✔Web/
MT4❌/Beginners
MT5❌/Experienced traders
Web platform

Deposit and Withdrawal

TradeBaionics supports deposit and withdrawal via credit/debit cards, bank transfers, and e-wallets.

News

NewsWIKIFX REPORT: BELGIUM’S WATCHDOG WARNS OF CAPITALS TRADE FX, FX ELITETRADER AND UXTRADES

Belgium’s financial watchdog, the Financial Services and Markets Authority ‎‎(FSMA), has issued a warning against the unauthorized activities of multiple‎ platforms that are offering investments in the country without ‎complying with Belgian financial legislation.‎

WikiFX
2022-10-12 17:31
WIKIFX REPORT: BELGIUM’S WATCHDOG WARNS OF CAPITALS TRADE FX, FX ELITETRADER AND UXTRADES
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User comment

2

Comments

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陈安生
more than one year
While TradeBaionics is a great platform, there are some areas where I feel they could improve. For example, their service site can be slow at certain times during the day and their fee structure is somewhat complex. Overall though, it's still one of the best online trading platforms available today.
While TradeBaionics is a great platform, there are some areas where I feel they could improve. For example, their service site can be slow at certain times during the day and their fee structure is somewhat complex. Overall though, it's still one of the best online trading platforms available today.
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2023-03-13 18:13
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FX1265943316
more than one year
Too complicated account opening, they’re asking questions that they have nothing to do with… no one asks those questions honestly! Just too complicated and has bad procedures!
Too complicated account opening, they’re asking questions that they have nothing to do with… no one asks those questions honestly! Just too complicated and has bad procedures!
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2023-02-24 13:50
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