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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