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Binacefx

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Operating status: SCAM

Website: https://binacefx.net

Broker violations and abnormal records
  • 2024-11-05 BrokersView has Reviewed that Binacefx is an Unregulated Broker

    Binacefx claims to be an international trading company located in the United Arab Emirates, providing financial broking services in the field of online Forex and CFD trading. But there is no detailed financial services licenses and other licensing certificates. A company that offers financial services must have financial license in the country where it is located.

    Upon investigation, we found that Binacefx is not authorized by the Central Bank of U.A.E.(CBUAE) and the Securities and Commodities Authority(SCA) in the United Arab Emirates.

    The truth is that Binacefx is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.

    Binacefx is a scam.

    Binacefx claims to be an international trading company located in the United Arab Emirates, providing financial broking services in the field of online Forex and CFD trading. But there is no detailed financial services licenses and other licensing certificates. A company that offers financial services must have financial license in the country where it is located.Upon investigation, we found that Binacefx is not authorized by the Central Bank of U.A.E.(CBUAE) and the Securities and Commodities Authority(SCA) in the United Arab Emirates.The truth is that Binacefx is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.Binacefx is a scam.

Related Complaints

Q&A Complaints

Scam site or real firm Binacefx?

Evan Mbugua Njengah
Denmark
2024-11-07
ANSWER Dear Investor,We've looked into the website of Binacefx and believe it to be a scam.While Binacefx claims to be based in the U.A.E., it is not registered with any relevant financial regulators, making its business illegal and unsupervised. This presents substantial risks for clients, as there are no legal protections for investors' benefits.Therefore, we strongly suggest you avoid using Binacefx for the safety of your funds. For a safer trading environment, it is recommended to opt for fully regulated brokers instead.
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