ANSWER Given its potentially fraudulent nature, Binoxtrade Ltd may not provide an authentic physical address for its company. In fact, the information regarding its location is quite confusing. It claims to be registered in the UK, yet it lists two office addresses, one in the US and another in Canada. Importantly, despite Binoxtrade Ltd's claim of global regulation, it fails to provide any licensing information to substantiate its legitimacy. Our verifications with relevant financial regulators have not yielded any corresponding records.Adding to these concerns, the British Columbia Securities Commission (BCSC) has issued a warning that Binoxtrade Ltd has been providing financial services or products without authorization.Therefore, Binoxtrade Ltd poses a substantial risk of fraud and identity theft. Without regulatory oversight, investors trading with this broker are not protected by regulations. For a safer trading environment, it is strongly advised to avoid unregulated brokers like Binoxtrade Ltd and instead opt for fully regulated ones.
See more