Binatex review and feedback on the trading platform with free education

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Binatex

Broker Name: Binatex
Platform: Binatex
Founded: 2020
Bonus: 100%
Return/Refund: 75-85% / 0-15%
No. Of Assets: 30
Regulated: No
Demo Account: Yes
Minimum Deposit: 50
US Traders: Not Accepted

Binatex Review

Binatex is an unregulated binary options broker owned and operated by Yulanta Business Ltd, a company incorporated in Seychelles, with company number 191592.

Editor’s Note: Why Binatex Sucks In 50 Words

No regulation! Come on, why do we even have online brokers without regulation? And why would you trade with one? And since we’re talking about things that suck, take a look at how they butcher English. I get it, they are not native English speakers, but maybe they could, I don’t know… hire someone.

Why Binatex Doesn’t Suck In 50 Words

They almost force you to get a Demo first and only after that you can open a Real account. As part of the registration, you have to input your email and once you do so, you will be automatically given a 10,000 USD Demo account. You don’t need to give them your name, phone number or to deposit and even a fake email address will do. This is one of the easiest to get Demo trading accounts and that’s a great thing.

Is Binatex A Scam?

Binatex was launched in 2020, so they are not very green in this industry, but not a long-timer either. They are transparent regarding their owning and operating company, providing addresses and registration numbers and that’s always a good sign. However, Binatex is not regulated by a major financial authority so I can’t really vouch for their trustworthiness.

Should I Open An Account With Binatex?

Binatex uses a custom trading platform, which is pretty well built, easy to use and intuitive. There’s no download required, similar to all other web-based trading platforms and there are no commissions to open an account.

The website is lackluster and I couldn’t find all the information I needed without going through tons of Legal documents. The minimum deposit is 50 USD according to the Deposit procedure listed on their legal page and on the trading platform itself, but a live chat rep told me it’s 10 bucks. Anyway, 50 or 10 bucks, it still is a very, very low deposit (maybe that’s why this broker has such huge web traffic).

Education material lacks almost completely from the website but I could find some interesting training videos on the trading platform itself, as well as some signals, which will only become available once you open a real account.

Basically, this brokerage is built with the trading platform as a central focus, and not much fluff around it. Most of what you will find is right on the platform and apart from that, there’s not much info. I am not sure I like this approach very much but it’s definitely better than having pages of text praising a brokerage’s so-called achievements and status as the best in the world. The very low minimum deposit makes them appealing but the lack of proper regulation makes me have second thoughts.

Binatex registered address is Suit 1, Sound & Vision House, Francis Rachel str., Victoria, Mahe, Seychelles. They also list an address from Hungary: 1085, Budapest, District VIII, Stahly Street 13, 4th floor.

Transactions are managed by Binatexia Limited, a company incorporated in Cyprus under number HE368207. Their registered address is Demostheni Severi Avenue, 6th floor, office 601, Nicosia, Cyprus.

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Binatex Complaints

Some people have complained that Binatex manipulates price on their platform and others have said they cannot withdraw after making a profit. We cannot verify these claims but to be honest, I am surprised by the relatively low number of complaints compared to the huge web traffic they have. Overall opinions are mixed, with both happy and unhappy customers.

Binatex Regulatory Warnings And Announcements

03/10/2020: CYSEC has warned that Binatex and their owning company are not regulated by them and that investors should check the official CYSEC website before conducting business with brokers that claim to be regulated or in process of regulation. Read full warning here.

Binatex Bonus

Starting from a minimum deposit of 50 USD, you will be eligible to receive a 100% bonus but the sum cannot be withdrawn and instead it can be used for trading, as leverage. To withdraw your own money/profits, you will have to complete a turnover of 25 times the bonus amount.

Binatex Withdrawals

The minimum withdrawal is 10 USD and the processing time is up to 3 working days. From the limited information they give, I understand that withdrawals can be made through credit cards, Yandex Money and WebMoney but they don’t say anything about wire transfers. As a special method, they allow Bitcoin withdrawals but they don’t give any other information about the procedure.

Binatex Extras

There really isn’t much that can be considered an extra at Binatex. Most things are average or below average but if I have to mention something here, that would be their Signal service. However, just like about anything else, the service is poorly explained and I have doubts about its profitability.

Binatex Ratings

User Friendliness 16/20

Writing this review was difficult because information is hard to locate and their English is not exactly great, which certainly doesn’t help. I am sure this would be frustrating for anyone who lands on their page so they lose some user-friendliness points. The website is translated into 25 languages, they offer a Demo but I didn’t find mobile versions of their trading platform.

Number Of Assets And Expiry Time 16/20

Binatex offers binary options on a few currency pairs, a very limited number of stocks, Gold & Silver and something called CryptoIndex. It is totally unclear what this is, or if it’s a real index, so treat it as a high-risk product.

Overall, it’s a very thin basket that should be definitely expanded. At least in the past, they offered some cryptocurrencies but now all that’s left is this CryptoIndex. It’s possible that more assets become available when you deposit real money but we have no means of knowing if that’s the case. The expiry times are also very limited (1, 5, 15, 30, minutes, 1H, 4H and 24H) as well as the option types: just Up/Down.

Commissions, Support and Effective Return 17/20

There are no commissions to open an account or to deposit (which is normal for all brokers). I tried to contact support twice: the first time a rep joined the chat but wouldn’t talk to me and the second time a rep joined and answered my questions without much hassle. The effective return goes up to 90%, which is very good if it remains constant throughout the trading day.

Deposit, Payment And Bonus 17/20

Deposits can be made through credit cards, Neteller and Bitcoin. Withdrawals can be made through credit cards, Yandex Money, WebMoney and Bitcoin with a processing time of up to 3 working days. The bonus is 100% and can be awarded for minimum deposits of at least 50 USD; the turnover is 25 times the bonus.

Website Extras 13/20

Trading Tournaments, trading signals, and technical analysis are all available to users with Real accounts. This is nothing to write home about, but it will do.

7 Binary Options

Binatex is a brokerage company which was originally founded in 2020. Since then the brokerage has attracted the attention of many clients in a short time span.

After just two years in the industry, Binatex has received six international awards i.e. for a user-friendly interface, client support, creative approach, and offering a broad array of trading capabilities via their platform.

Introduction to Binatex

The Binatex website is available in a whopping 15 languages which show the broker’s focus on attracting traders from around the world. The company has a certificate of compliance from FMRRC which is a finance regulatory authority.

Binatex is one of the few brokers which has actually made an active effort to stand out from its competition by providing a high-quality service and is strictly regulated. However, before you start trading it’s important to get acquainted with the features of their trading platform.

Underlying Assets

Trades using Binatex as their broker can trade a number of currency pairs, company shares (like those of Apple, Facebook, Google, etc), commodities like gold and oil.

Over 145000 people use Binatex for their trading needs

Despite the total number of assets being smaller than with other competing trading platforms, the company has plans to increase the number of assets available significantly in subsequent months.

Trading Platform

Binatex uses a platform that didn’t come packaged as a ready-made, out of the box solution. The platform has been developed from scratch by the brokerage firm.

One of the advantages is the ticker in real time mode, which allows traders to actively monitor the number of active traders as well as open transactions.

Charts can be opened in new tabs. The charts can also be rendered in both candle and linear format. The price quotations traders see come directly from Bloomberg, so you can be sure that the pricing and overall market data is correct and is not doctored in any way.

The platform also has sections like the economic calendar, trading signals and one which has training videos as well as their rating of the best traders that’s listed on the bottom of the platform. Traders have the option of customizing their screens by adding or removing what they don’t want to see.

When it comes to contracts, Binatex does not offer any variety right now because only one format is available using the traditional ”UP/Down,” with the expiration periods ranging from 60 seconds to 24 hours.

Benefits of the System:

  1. It is possible for newbie traders to use the system
  2. It offers a very good number of financial assets
  3. Web Protocols safeguard platform security
  4. Binatex accounts can easily be funded, and money can be withdrawn using Visa or MasterCard, as well as other convenient payment system.

Deposits and Withdrawals

Signing-up for a demo account only requires that a person enter in their email address into the form on the website, and verify their email address by clicking on the link emailed to them. Demo accounts are funded with $1000 USD of virtual money. However, the quotes are streamed in real time.

Traders can fund their account with as little as $10 or 10 EUR to trade in real time and gain access to the full plethora of features. The broker accepts payments in the form of credit cards i.e. Visa and MasterCard, in addition to other forms of electronic payment. The first deposit is matched with up to a 100% bonus of the initial amount.

Traders can withdraw money from their Binatex account the same way they funded the account. Withdrawals are processed within three business days and are usually processed on a first come and first serve basis.

The broker has imposed an upper limit on the total number of withdrawal applications a month which mainly depends on the trader’s level. The trader can always check their level by signing into their personal account.

All regulated brokers including Binatex requires traders to send in identifying documents for security reasons. The documentation also helps authorities identify people who use these systems for money laundering purposes.

However, if traders experience any issues with the process, the personal manager assigned can be contacted for assistance.

Trader Education

Binatex has an extensive training library which is meant to train both beginners and seasoned professionals alike. The educational section of the website comprises of dozens of publications and videos which cover everything from fundamental financial analysis to other more advanced technical topics.

For instance, one of the tutorials describes how traders can distinguish between various chart patterns, analyze the trading process and use indicators to improve their trades. More in-depth information can also be unlocked as a trader’s trading volume increases over time mainly based on the ranking system described above.

Training

The Binatex website has an extensive training and learning section which consists of the following types of materials:

  1. FAQs – Answering some of the most common as well as a few uncommon questions asked by traders.
  2. Tutorials – Videos that describe the basic principles of trading strategies, using the platform, etc.
  3. Webinars – Conducted by professional stock traders and which reveal a lot of interesting information.
  4. eBooks – A detailed read on trading options.
  5. Glossary – With technical stocking trading terms.
  6. Trading Instruments – I.e. quoting time data, features, etc.

Conclusion

Despite being relatively new to the trading industry, it has proven to be a very reliable partner for a growing number of traders of almost every competency level. The broker has worked extensively on their trading platform to eliminate obstacles which are often created by other brokers.

It is for this reason that Binatex clients can fully immerse themselves into trading while being assured that the outcome of every transaction is not affected by price level manipulation.

Many traders claim that the broker is an industry game changer, especially in the binary options trading market. The company’s relatively short history so far shows that the broker is eager to improve. It also shows other brokers that their service can become more affordable and attractive with further fine tuning and better features.

Binatex Review

Overview

Binatex Binary Options Broker – Free Demo Trading Account Without Deposit and 10 USD Minimum Deposit! Launched in 2020, Binatex uses a custom trading platform, which is pretty well built,… more

Details

Broker Binatex
Website URL https://apyoth.com/click/5a83050f8b30a8ca508b4567/133646/194324/subaccount
Founded 2020
Headquarters Binatex group of companies, address: 1085, Budapest, District VIII, Stahly Street 13, 4th floor
Support Types Email , Live Chat
Languages Русский , English , Українська , Bahasa Indonesia , Română , Հայերեն , ქართული , Azərbaycanca , Español , Bahasa Melayu , ελληνικά , Magyar , Português , Slovenčina , Slovenščina , Türkçe , Български език , Srpski jezik , Hrvatski jezik , Shqip
Trading Platform Owner
Minimum 1st Deposit 10$
Minimum Account Size 10$
Minimum Trade Amount 1$
Maximum Trade Amount 1000$
Bonus 1,000$ Free Demo Account Without Deposit & 100% Deposit Bonus + Free Entry To Trading Contests for Depositors!
Payout up to 90%
Free Demo Account
Deposit Methods Credit / Debit Cards , Bitcoin , Neteller , Paysafecard
Expiry Times Starting from 60 Seconds
Types of Assets CURRENCIES , STOCKS , COMMODITIES , CRYPTOCURRENCIES
Option Types Call / Put
Account Currency USD , Euro
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 8/10

Full Review

Binary Options Broker – Free Demo Trading Account Without Deposit and 10 USD Minimum Deposit!

Launched in 2020, Binatex uses a custom trading platform, which is pretty well built, easy to use and intuitive. There’s no download required, similar to the majority of binary options trading platforms and there are no commissions to open an account.

Company Binatex binary options broker has been established as a result of combining the best practices and ideas in the history of binary options. This is what makes their service the best choice for the trader to go with as they provide all the necessary tools to ensure comfortable and efficient trading.

Broker Bonuses & Advantages:

  • Free Binary Options Demo Account Without Deposit – Click Here To Open An Account
  • Low Minimum Deposit – 10$
  • Small Minimum Trade Size – 1$
  • 100% Deposit Bonus
  • up to 90% Profit / Trade in Just 60 Seconds
  • Mobile Trading
  • Trading Tournaments
  • Trading signals
  • Technical analysis

The broker received 6 international awards and their goal is to create a perfect trading platform!

Binatex managed to create a high-quality service, which enables trader to fully focus on binary options trading. Quick platform is equipped with technical tools and provides comfortable trading at the professional level. Over 50 basic assets with high profitability provide different opportunities for trading.

Knowledgeable support team is always happy to help you 24/7. Convenient profit withdrawal methods enable timely execution of the withdrawal requests. Free demo account and education in the school intended for beginning traders will help the novices to learn quickly how to earn money.

Trading Tournaments, trading signals and technical analysis are all available to users with Real accounts.

Best Binary Options Brokers 2020:
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