The pseudo-brokerage project BinTrade describes splendid prospects for cooperation, but in fact takes away the money of attracted players. On his web portal, the scammer advertises a reliable platform and unique service. The firm guarantees a potential client zero-risk trading. It publishes a minimum of information about its creators and hides documents, which leads to serious suspicions. This review will help to understand how a scam operates and why you should not work with such projects.
General information about the brokerage project
The company BinTrade calls itself a reliable partner for profitable investments. A registered client gets access to a unique investment platform. Thanks to the advanced system, market players can anticipate the direction of price movement and earn on it. Binary options allow you to work with a wide range of investment products. Currency pairs, stocks, funds, cryptocurrencies and more are at the trader’s disposal. BinTrade talks about its distinctive characteristics:
- The level of profitability of option contracts reaches 90%.
- Withdrawal of profits is carried out as quickly and easily as possible.
- The client receives at his disposal a wide range of technical indicators.
The founders of the project are not in a hurry to disclose personal information. They do not say anything about the history of the birth of the company, but a check of the domain name allowed to determine the date of the launch of BinTrade. The firm was registered in May 2020. At the moment, the official website is not functioning. It was probably blocked by regulators for suspicious activity. Judging by the documents, the office is located on the territory of Belize. In a special section of its web portal, BinTrade provides contacts for communication. A market player can contact a brand representative via Skype or messenger. The firm also provides technical support via email. It should be taken into account that the company is not regulated by anyone, and therefore its activities cannot be called fully legal.
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Trading conditions for traders
BinTrade promises its client the space for financial freedom. At the same time, the brand representatives do not tell anything about trading conditions or tariff plans. A trader can register one account and start working with a wide range of investment products. He gets access to the service, a demo account is provided for testing strategies. The situation with the trading platform can also be called very murky. The firm reports that its unique terminal is equipped with advanced technological developments. The trader receives all the tools necessary for effective work on global markets. The company allegedly adapted its system for any devices. The trader can carry out transactions through a computer, tablet or phone. The exchange intermediary does not provide any information about built-in functions, technical indicators or graphical tools. BinTrade provides a very vague description of its trading conditions. On the web portal of the pseudo-broker, one can find empty statements about cooperation with the best quote providers. The client is guaranteed high-quality analytical tools, round-the-clock support of specialists, communication with foreign traders. The fraudulent project describes the reliability and security of its systems without confirming these statements with real documents. It promises fast payouts to a card or digital wallet, but in the network there are comments about the theft of funds. Reviews clearly indicate that the scammer does not withdraw funds and is engaged in deception.
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Reviews about trading with BinTrade
Cooperation went fine, but exactly until the application for withdrawal of funds was submitted. As soon as the trader wanted to take his money, the employees began to invent problems. They pointed to unreliable verification and accused the market player of violating the established rules. The person could not get justice, his funds went to the purse of the fraudster.
The exchange intermediary has an attractive web portal, but the analysis of its work allows to reveal fraud. The office deceives traders, promising instant enrichment without effort. It manipulates quotes and drains the starting capital of market players. It is unrealistic to earn on this platform, because it does not withdraw client orders to the international market.
The scammer does not allow the client to complete the operation and withdraw earnings. The market player tried to log in from different devices, but this did not help to solve the problem. The technical support staff pointed out the malfunction on the trader’s side. Apparently, BinTrade managers are not at all interested in enriching their client.
Why should one beware of BinTrade?
The brokerage project tries to create an illusion of quick and easy enrichment. On its official website, it describes gorgeous prospects of market trading on advanced platforms. In fact, the trader receives a fake terminal, which constantly hangs and does not allow to withdraw funds. The scammer lies about its regulation and reliability. In fact, BinTrade is a SCAM with a standard scheme of divorce. Such projects live only a few months, after which their web portal is permanently blocked by the regulator. There are quite a lot of negative reviews in the network, allowing to determine the complete insolvency of the firm.
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