Binance FX Trading has been flagged by Commodity Futures Trading Commission for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Where do I even begin with Binance FX Trading? for a few weeks now of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Dedicated account manager|Fast deposits|Risk management tools
Cons: Some tools only available on higher tiers
After since I opened my account last year with Binance FX Trading I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Personal attention|High security standards
Cons: Could offer more webinars|Would like more payment methods
After spending for the past six months trying to make Binance FX Trading work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: High security standards|Fast execution|Two-factor authentication
Cons: Minimum deposit could be lower
I was about to invest with Binance FX Trading but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Commodity Futures Trading Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I looked into Binance FX Trading and found they appear in the regulatory warnings database. Commodity Futures Trading Commission has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Pros: Information is publicly available for verification
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
I am in a dispute with Binance FX Trading over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Quick verification|Detailed reporting
Cons: Research section could be deeper
I had a dispute with Binance FX Trading and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Detailed reporting|Comprehensive tools|Easy withdrawals
Cons: Minimum deposit could be lower
Binance FX Trading has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Wide product range|Professional team|API access
Cons: Cannot customize dashboard fully
Binance FX Trading seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: API access|Automated trading options
Cons: Withdrawal takes 1-2 business days|No crypto staking
I lost a significant amount because Binance FX Trading did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Copy trading available|Easy withdrawals
Cons: Could offer more webinars|Website design could be more modern