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BINEX

BINEX

About company:

 

The broker of binary options is focused primarily on Russian traders, belongs to the company Binex Ltd, established in 2012.

 

Safety

The broker's activities in the European Union are regulated by the financial monitoring service, in Russia - by the CROF (CRF RU 0395 AA Vv 0096). When registering, clients go through a standard procedure where they are asked to submit documents proving their identity. The client provides documents that confirm his identity. All operations on the site are protected by data encryption with a special 256 bit SSL certificate.

 

Trading conditions

Binex accounts are designed for traders with different financial capabilities and work experience. You can go from a beginner to a professional. The broker has four main account types + VIP account.

 

Basic account:

 

deposit from 10,000 to 59,900 rubles; electronic textbook; three risk-free transactions; deposit bonus 75%.

 

Demo account:

 

deposit from 60,000 to 299,900 rubles; trading signals; weekly newsletter; introductory webinars on technical analysis; five risk-free transactions; welcome bonus 100.

 

Trader's account:

 

deposit from 300,000 to 999,900 rubles; three sessions of the online course; seven risk-free trades; 150% deposit bonus.

 

Expert account:

 

deposit from 1 million rubles; a complete set of online courses and webinars; accelerated withdrawal of funds; 10 risk-free trades; 200% deposit bonus.

 

In addition, the company has Silver, Gold and Platinum VIP accounts. Funds can be withdrawn from them without commission, you can get personal advice and undergo training, another bonus of these accounts is 20% risk-free transactions.

 

Special conditions are offered on the VIP account. But to become its owner, you need to deposit more than 2,500,000 rubles.

 

Trading platform

The broker provides its own platform for trading. It has a simple design, an intuitive interface, quick selection of assets, the ability to supplement online charts and technical analysis tools, reliable data protection, up-to-date quotes, and a mobile version.

 

Assets and options contracts

The broker offers trading in assets such as shares of successful Russian companies, currencies, commodities, indices. In total, the investment portfolio contains about 190 assets.

 

Traders in the company can earn up to 81% of the amount spent on the purchase of the One Touch option. For some other types of options, the income is 120-140% or more.

 

Contracts offered: touch, classic binary options, turbo, price channel breakout, super turbo.

 

Traders can use the social trading service on PAMM accounts. The client can copy any offered trades. The page publishes and constantly updates the rating with top traders.

 

Analytical and educational resources

Binex clients have access to services that simplify trading. The values on the live price chart can be used by traders in technical analysis. Not all brokers provide a platform on which to conduct analysis, draw lines and indicators.

 

For those who use fundamental analysis, the broker publishes an economic calendar on the website. In addition, training videos are available and you can become a participant in the webinar.

 

Ways of payment

Deposits and withdrawals are carried out using plastic cards, e-wallets and bank transfers. The minimum deposit amount is 10,000 rubles. You can also deposit money in US dollars or euros. Trading operations are performed in the currency in which the deposit was made. Traders should pay attention to this point, as it will be impossible to change the account currency in the future. The money is credited to the trading account immediately, but the withdrawal takes up to 5 days. The minimum withdrawal amount is 1500 rubles or $ 50.

 

Support service

Works around the clock throughout the week. You can contact support by e-mail, live chat and by calling the hotline, financial department and urgent payments.

 

Support language is Russian.

 

Pros:

 

risk-free transactions; high level of protection of personal data of clients; Russian-language support service; a wide range of auxiliary tools for the trader.

 

Minuses:

 

technical limitations of the trading terminal.

 

 

BINEX is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.

In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.

The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.

What is the benefit of a broker?  

 

The broker BINEX makes profit from traders' transactions, as a rule, in two main ways.

The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.

The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.

Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.

 

Ways to cheat customers  

 

We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.

The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.

Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.

In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.

 

Where are brokerage companies registered?

 

One of the key points is the place of registration and regulation of the company's activities.

Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.

However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.

If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.

But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.

And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization,   considering disputes between its members - brokers and their clients.

If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.

 

What else to pay attention to?

 

When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.

It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.

Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.

Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.

Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.

FAQ - broker questions

  • 1. Do the trader reviews impact on a rating of BINEX ?

    Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker.

  • 2. How to leave a comment about BINEX on the website 4ex.review ?

    In order to leave a review about the broker, go down page, enter a valid email and Your review with an overall score. Reviews are moderated and tracked by the number of comments from the same IP or email. Tech support may request the actual documents that prove that the user was or is a customer of the broker. This rule applies to negative and positive reviews. We want our portal to be honest and independent.

  • 3. Can we assume the broker BINEX decent?

    Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. BINEX received a score of 1 of 5 on our resource.

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