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Score

1.35 /10
Danger

Binanfx

Australia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://binanfx.com

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Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.80

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 151 343 501) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Binanfx · Company summary

Note: Binanfx's official website: https://binanfx.com is normally inaccessible.

Binanfx Information

Binanfx is an unregulated brokerage company registered in Australia. Trade 250+ instruments with a minimum spread of 0.0 pips, including CFDs on Forex, Indices, Commodities, Shares, and Cryptocurrencies. The broker's official website has been closed, so traders cannot obtain more security information.

Binanfx Information

Is Binanfx Legit?

The Australia Securities & Investment Commission(ASIC) regulated Binanfx, while Suspicious Clone status will increase trading non-compliance and reduce traders investment security.

Is Binanfx Legit?
Is Binanfx Legit?

Downsides of Binanfx

  • Unavailable Website

The inaccessible Binanfx website raises concerns about its reliability and accessibility.

  • Lack of Transparency

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

  • Regulatory Concerns

The Suspicious Clone status is unreliable.

Conclusion

Binanfx Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Suspicious Clone status indicates that the broker's trading risks are high. It is advisable to choose regulated brokers with transparent operationsto ensure the safety of your investments and compliance with legal standards. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

User Reviews

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User comment

2

Comments

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塞外飞雪
more than one year
Very good trading conditions and customer service. The support services of this broker are always nice and helpful. Thank you for giving good client service.
Very good trading conditions and customer service. The support services of this broker are always nice and helpful. Thank you for giving good client service.
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2022-12-13 16:57
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FX1119282805
more than one year
Binanfx webtrader is not easy to use at all. It always gave me wrong trading signals, besides, order execution speed was very slow, and my experience in using this platform was terrible.
Binanfx webtrader is not easy to use at all. It always gave me wrong trading signals, besides, order execution speed was very slow, and my experience in using this platform was terrible.
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2022-12-09 15:58
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