Binatex Scam Test

Binatex Scam Test

Binatex Scam Test

Another binary options broker is up for review. This time, we will be analysing the security system of a company that has been around for several years. From 2015, to be exact. Surviving that long in the trading industry is quite a challenge, but to make sure no Binatex scam can occur, we have to conduct a much more thorough examination. That’s why we will take a look at the company’s papers and at the system they have in place to protect your sensitive information. Things like these are not negotiable if a broker wants to succeed, so let’s take a look at how these guys have dealt with those challenges. Keep reading for all the information.

Legal status

Now, obviously, when checking a broker’s reliability, you will look for their licence. In order to avoid any potential Binatex scam, this is what you hope to find. On their website the company claims that it is in the process of being registered anew with CySEC. That makes sense, since the company in charge of transactions on this website is Binatexia Ltd, which is based in the city of Nicosia, on Cyprus. What is interesting to note is that the company that owns this broker (Yulanta Business from Seychelles) has displayed a legal opinion on the broker’s website which states that they adhere to all legal standards, and the same is stated for Binatexia. Therefore, they seem to have a legal proof that they are legit. But forget about the paperwork, what can you expect in practice?

Binatex Home Page

Binatex Home Page

Is Binatex scam a real threat?

Things can always look good on paper, but they may turn out to be completely different in real life. If you have read our Binatex Review 2018, you know that there are some pretty interesting features on this website. However, we will stick to those that most important from the security aspect here. First of all, you will be protected by a layer of SSL encryption while trading and conducting business on this website. All legal information is readily available, plus our transactions always went through as expected. In other words, we experienced no withdrawal problems when trading here. In addition, maintaining contact with the broker was fairly simple, primarily because of the profiles they have on various social networks. It all points to the conclusion that there is no Binatex scam you have to worry about, but do stay for our final word.

Conclusion

In the end, we really can’t say we had any problems while trading with this broker. Our monetary transactions were smooth, and our data never got compromised. That being said, they are still waiting to get their CySEC license renewed. This will be a big boost for them, for sure. But even without that, you will want to consider giving them a chance, primarily because of their low financial requirements (more on that in our review). So, if you’re a casual trader, open an account here. This may very well be what you’ve been looking for.

Author's overall rating:
Author: Ben Prescott
Updated:

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