Binary Standard Trading FX (binarystandardtradingfx.org/) has been flagged by ASIC (Australia) for "Unlicensed". https://www.fca.org.uk/news/warnings/binary-standard-trading-fx
Addresses: 801 Century Park East 24th & 25th Floors, Los Angeles, CA 90067, USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: binarystandardtradingfx.org.
The platform itself is okay, but the customer service at Binary Standard Trading FX (binarystandardtradingfx.org/) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Helpful community forum|Clear documentation
Cons: Spreads widen during volatile periods
Do not believe the bonus offer from Binary Standard Trading FX (binarystandardtradingfx.org/). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Social trading features|Reliable uptime|Automated trading options|Two-factor authentication
Cons: Minimum deposit could be lower
Binary Standard Trading FX (binarystandardtradingfx.org/) 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: Quick verification|Easy to use platform
Cons: Live chat only during business hours|Wait times can be long during peak hours
Do not be fooled by the professional-looking website. Behind the scenes, Binary Standard Trading FX (binarystandardtradingfx.org/) is disorganized and incompetent. I found them after my brother mentioned them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Great customer service|High security standards|Social trading features
Cons: Could offer more webinars
After spending since I opened my account last year trying to make Binary Standard Trading FX (binarystandardtradingfx.org/) 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: Responsive team|Two-factor authentication
Cons: Wish they had more educational resources
Do not use Binary Standard Trading FX (binarystandardtradingfx.org/) for anything serious. I used them for about ten months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Reliable uptime|Regular platform improvements|Educational resources
Cons: Some tools only available on higher tiers
My card was charged twice by Binary Standard Trading FX (binarystandardtradingfx.org/) on the same day. I had to dispute it with my bank. Binary Standard Trading FX (binarystandardtradingfx.org/) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Tax reports included|Multi-device support|Quick verification|Excellent charting
Cons: Research section could be deeper|Account statements could be more detailed
Binary Standard Trading FX (binarystandardtradingfx.org/) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Dedicated account manager|Multi-device support
Cons: Minor UI glitches occasionally
Binary Standard Trading FX (binarystandardtradingfx.org/) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Multi-currency support|Fast execution|Smooth onboarding|Clean UI
Cons: No integrated tax optimization
Binary Standard Trading FX (binarystandardtradingfx.org/) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Market news feed|Responsive team|Portfolio tracking tools|Social trading features
Cons: Help articles are sometimes vague