The investment platform Binary Invest Traders is unlicensed. The issue with unregulated investing platforms is that they violate rules and are unreliable. Remember to keep your distance from them since they operate in anonymity and may vanish at any moment. Without a license, businesses offering online investment services are unable to offer any sort of protection to their clients.
Is Binary Invest Traders a Licensed Broker?
Binary Invest Traders is an investment firm that is not subject to any regulations. Investors face a significant threat as a result of this scenario since they will have no legal avenues to pursue compensation in the event that the firm goes out of business or a customer is defrauded.
The Financial Ombudsman Service is unable to step in, and the Financial Industry Regulatory Authority would not assist the victim in any way.
Consider it a warning sign as well, given that no respectable broker or investment business would ever operate without a current license in order to provide its services to customers.
Why Should Not You Trust an Unlicensed Broker?
In the case that a broker is unregulated or is regulated by an institution that is located outside of your country, you have very little to no legal remedies available to you in the event that your money is stolen. Complaints may only be filed against a broker in the case of theft if the regulator in your jurisdiction has issued that broker with a license.
If the regulatory body in your country does not provide a license to a broker, it is very probable that the broker is uncontrolled and you should avoid doing business with them. Even if the brokerage is regulated, it is still in your best interest to steer clear of it if the regulator is located in a different country.
Are Binary Invest Traders Can Be Trusted?
No, this platform cannot be trusted for any reason. They had a false claims of being regulated, they have warnings from FCA, and they don’t have any specific contact number on the website. Then why do you think to trust them?
Warnings From Financial Regulators
BinaryInvestTratders made a fraudulent claim that they were regulated by the Financial Conduct Authority. However, after conducting an investigation into that assertion, we discovered, as expected, a bogus result. The Financial Conduct Authority does not regulate them, and the FCA has issued a warning about them. A corporation that makes false claims about its existence is not worthy of your confidence.
What Do Traders Think Of Binary Invest Traders?
Following some investigation on several social media sites (Facebook, Twitter, and Instagram), as well as online trading forums, a common pattern arose in which individuals were disappointed with their experience with Binary Invest Traders. It would seem from this customer feedback that Binary Invest Traders is not a trustworthy broker; as a result, utmost care should be used prior to making any investments using their brokerage platform.
Platform Offered by Binary Invest Traders
It should raise red flags for investors whenever a binary options trading organization uses a simplistic online trader platform. Why would a corporation choose to utilize a fundamental online trader platform that cannot be accessed without first making a financial investment when there are two other widely used platforms MT4 and MT5 on the market that are just as popular?
Country Serving by Binary Invest Traders
Binary Invest Traders is currently operating in the UK, USA, and Cyprus. Though we have received complaints from Australia, Canada, and Greece too.
Binary Invest Traders Range of Trading Markets
There is no specific information available on the website. But, according to the traders’ reviews on different platforms, we found that they offer 1:1000 leverage which is totally unreal.
Minimum Deposit and Withdrawal Terms of Binary Invest Traders
We found no specific information on the website. The withdrawal term is simple. When you want to withdraw your fund, they will not let you do that. They will ask for tax money otherwise your account will be frozen.
Ways to Make a Deposit
Currently, they are taking their deposit through cryptocurrency, and debit/credit cards.
Victim of Binary Invest Traders Scam? Report Your Story To Us.
If you already are a victim of the Binary Invest Traders scam, and you made the payment through a credit card, you can file a chargeback. But if not, you can submit a report to us. We will evaluate the case and will provide you with a free consultation with a reference of some good recovery company.
If you have lost money to companies like FXBinasTrade, Elliott investment , or BitvillaFX, please report it today by bellow form.