BrokersView

Search
Download
English
Sign In

banex capital-ltd

Newest

Popular

How long does it take for my deposit?
Abdul Samad
Indonesia
2023-06-27
ANSWER BANEX CAPITAL LTD is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.In an attempt to appear real, BANEX CAPITAL LTD provides two addresses on its website: one is the registered address in the UK, and the other is the physical address in the U.A.E.. According to these two countries' law, brokers are required to obtain authorization from the Financial Conduct Authority (FCA) and the Central Bank of the United Arab Emirates (CBUAE). However, our search for BANEX CAPITAL LTD in the registers of the aforementioned regulators didn't yield any matching records. This means BANEX CAPITAL LTD is operating outside the regulatory framework.On top of the addresses, BANEX CAPITAL LTD fails to provide any information concerning its regulatory status, which is a negative sign for a broker. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker.Regarding your question, we strongly suggest you exercise extreme caution and avoid BANEX CAPITAL LTD, which is an unregulated broker. It is a trading platform carrying significant risks such as financial losses and identity theft, as there are no rules in place to safeguard investors' interests. Therefore, investors are encouraged to stay away from unregulated brokers like BANEX CAPITAL LTD and instead choose a fully regulated one to mitigate the risks.
See more

Hot Topics

Most Viewed

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.