Binanez has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Binanez 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: Fast execution|Regular platform improvements|Social trading features
Cons: No fractional shares
Tried to withdraw my funds from Binanez and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Blocked my account|No legitimate license|Fake returns
After spending for a couple of months now trying to make Binanez 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: Transparent fees|Copy trading available
Cons: Onboarding videos are outdated|Slow to add new assets
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Binanez recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Market news feed|Comprehensive tools|Automated trading options|Low minimum deposit
Cons: Withdrawal takes 1-2 business days|No phone support on weekends
Do not believe the bonus offer from Binanez. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after reading several online reviews and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Economic calendar|Easy to use platform|Transparent fees
Cons: No crypto staking|Nothing significant
Binanez locked my account without warning and demanded documents I had already submitted. since the beginning of the year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Good mobile app|Competitive fees|Tax reports included|Copy trading available
Cons: No integrated tax optimization|Slow to add new assets
I was about to invest with Binanez but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
The mobile app from Binanez is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Intuitive for beginners|Copy trading available|Tax reports included
Cons: Cannot customize dashboard fully|Limited social trading features
Do not be fooled by the professional-looking website. Behind the scenes, Binanez is disorganized and incompetent. I found them from a review site like this one and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Clean UI|Helpful community forum
Cons: No dark mode on mobile
The only good thing about Binanez is that they remind you why regulation matters. I found them through a forum discussion. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: API access|Clear documentation|Easy to use platform|Tax reports included
Cons: Wait times can be long during peak hours