Binanfx -Some Important Details about This Broker

Binanfx | 2023-01-10 17:29

摘要：Binanfx presents itself as an online trading platform their clients access to a series of trading instruments, including Forex, Digital Currencies, Indices, Shares, Commodities. With the Binanfx platform, investors are given the flexibility of choosing from three types of trading accounts, Standard, Professional and Elite accounts, with the minimum deposit to open an account starting at $250. Binanfx is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.12/10. Please be aware of the risk.

Basic	Information
Registered Countries	Australia
Regulation	No License
Company Name	N 26 PTY LTD
Minimum Deposit	N/A
Maximum Leverage	N/A
Minimum Spread	From 0.0 pips
Trading Platform	Webtarder
Trading Assets	Forex, Commodities, Cryptocurrency, Index, Shares CFDs
Payment Methods	N/A
Customer Support	Email

General Information

Binanfx presents itself as an online trading platform their clients access to a series of trading instruments, including Forex, Commodities, Cryptocurrency, Index, Shares CFDs. Binanfx is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.04 /10. Please be aware of the risk.

Market Instruments

Clients are provided the access to various trading instruments including Forex, Commodities, Cryptocurrency, Index, Shares CFDs.

Spreads

According to Binanfx, spreads on fx major are quite competitive, with beginner minimum spreads starting at 0 pips, beginner average spread at 0.16 pips, Standard minimum spread starting at 1 pips, standard average spreads at 1.16 pips.

Leverage

Binanfx does not elaborate the maximum trading leverage it provides. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Payment Methods

When it comes to payment methods, clients can make a deposit or withdrawal through VISA, MasterCard, Neteller, Bank Transfer, as well as Skrill, BTC Transfer.

Withdrawal forms received before 21:00 (GMT) will be processed the following day. If received before 07:00 AEST, they‘ll be processed on the same day. Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach clients’ accounts.

Customer Support

Clients who have any general questions or need technical support can contact this broker through info@binanfx.com, or support@binanfx.com.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

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