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Global Broker Regulation & Inquiry App

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/10

binacefx

United Arab Emirates|1-2 years|
High potential risk|

https://binacefx.net/

Website

Rating Index

Contact

support@binacefx.net
https://binacefx.net/
Khalidiyah - Al Bateen - W10 - Abu Dhabi - United Arab Emirates

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

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Contact number

Other ways of contact

Broker Information

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Company Name

binacefx

Abbreviation

binacefx

Platform registered country and region

United Arab Emirates

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

binacefx · WikiFX Survey

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binacefx · Company Summary

binacefx Review Summary
Founded 2010
Registered Country/Region United Arab Emirates
Regulation No Regulation
Services Financial Advisor, Alerts, Format, Recommendations, Support, Analyses
Demo Account Unavailable
Customer Support Phone Number: +27 011 881 5488;
Email: support@binacefx.net
Address: Khalidiyah - Al Bateen - W10 - Abu Dhabi - United Arab Emirates

What is binacefx?

binacefx is an unregulated financial services platform founded in 2010 and registered in the United Arab Emirates. It offers a range of services tailored to meet the needs of investors. These include financial advisory services, alerts to stay updated on market movements, customizable formatting options for user preference, expert recommendations for investment decisions, comprehensive customer support, and in-depth market analyses.

binacefxs homepage

Pros & Cons

Pros Cons
  • A Wide Range of Services
  • No Regulation
  • Educational Resources
  • Unavailability of Demo Accounts

Pros:

  • A Wide Range of Services: binacefx offers a wide range of services, providing investors with ample opportunities for diversification.

  • Educational Resources: binacefx offers educational resources covering essential trading terminologies and comprehensive learning materials to empower users with knowledge and insights into the financial markets.

Cons:

  • No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.

  • Unavailability of Demo Accounts: The platform does not offer demo accounts, depriving users of the opportunity to practice trading strategies and familiarize themselves with the platform's features in a risk-free environment.

Is binacefx Safe or Scam?

binacefx currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

No license

Services

BinanceFX offers a diverse range of services designed to cater to the needs of investors. These include financial advisory services, alerts to keep investors informed about market movements, customizable formatting options to tailor the platform to individual preferences, expert recommendations to guide investment decisions, comprehensive customer support, and in-depth market analyses to aid in strategic decision-making.

Services

How to Open an Account?

Steps:

  • Click the button ''CREATE AN ACCOUNT'' on the homepage.

Click the button ''CREATE AN ACCOUNT''
  • Follow the on-screen instructions to input your personal and contact details.

  • Set a secure password for your account.

  • An email will typically be sent to your registered email address to verify your account. Ensure to check your inbox and spam folders.

  • Click on the link received in the verification email to activate your account.

  • Click on the ''REGISTER'' option to finalize the creation of your account.

fill in required info

Customer Service

binacefx provides customer service through various channels, including email and physical address. Users can reach out to the support team via email at support@binacefx.netfor assistance with inquiries, issues, or concerns. Additionally, users can visit the platform's physical address located at Khalidiyah - Al Bateen - W10 - Abu Dhabi - United Arab Emirates to seek support in person or to conduct business-related matters.

Education

BinanceFX offers educational resources covering essential trading terminologies to help users gain a better understanding of the financial markets.

terms

Additionally, the platform provides comprehensive learning materials designed to guide individuals through the process of trading, empowering them to make informed investment decisions and enhance their trading skills.

forex education

Conclusion

In conclusion, binacefx offers various services including financial advisory, alerts, recommendations, support, and analyses. Despite its range of services, the absence of a demo account limits users' ability to practice trading before engaging with real funds. While customer support is available via phone and email, it operates without regulation, which poses risks for investors regarding safety and legitimacy.

Frequently Asked Questions (FAQs)

Q 1: Is binacefx regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: Does binacefx offer demo accounts?
A 2: No.
Q 3: What services does binacefx offer?
A 3: It offers financial advisory, alerts, formatting options, recommendations, support, and market analyses.
Q 4: Is binacefx a good broker for beginners?
A 4: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of the demo account.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader

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