BinaryShellHub has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Regist...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I was about to invest with BinaryShellHub 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: Listed in warning databases|No transparency|Pressure to invest quickly
I gave BinaryShellHub a fair chance. After for the past year and a half of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Stable platform|Low minimum deposit|Segregated accounts
Cons: Withdrawal takes 1-2 business days
My withdrawal request from BinaryShellHub has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Regular platform improvements|API access|Great customer service|Dedicated account manager
Cons: Inactivity fee applies after 12 months|Minor UI glitches occasionally
The spread at BinaryShellHub is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after doing extensive research and initially thought the platform was good - until I started trading seriously.
Pros: Easy to use platform|Full transparency|Detailed reporting|Regular platform improvements
Cons: Nothing significant
The onboarding at BinaryShellHub was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: No hidden fees|Professional team|Dedicated account manager
Cons: Alert system is basic|Could offer more webinars