BinexFX Ltd has been flagged by Capital Market Authority for "Unregistered/Unlicensed entity offering financial products or services". The SCA advises the investing public to refrain from dealing with this entity, as it is not licensed or authorized to carry out regulated financial activities or provide related services. The SCA assumes no responsibility for any transactions or dealings involving this entity. Investors are stron... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I experienced a security concern with my BinexFX Ltd account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Tax reports included|Easy withdrawals
Cons: Wish they had more educational resources
After using BinexFX Ltd for nearly two years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Regular platform improvements|Good analytical tools|Easy to use platform
Cons: No crypto staking
The reporting at BinexFX Ltd is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Personal attention|Clear documentation|Detailed reporting
Cons: Spreads widen during volatile periods|Limited cryptocurrency options
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that BinexFX Ltd has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
I opened an account with BinexFX Ltd for close to eighteen months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: High security standards|Economic calendar|Excellent charting
Cons: Spreads widen during volatile periods
Do not be fooled by the professional-looking website. Behind the scenes, BinexFX Ltd is disorganized and incompetent. I found them based on a colleague's recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Good mobile app|Portfolio tracking tools|High security standards|Personal attention
Cons: Help articles are sometimes vague|Spreads widen during volatile periods
After doing some research AFTER the fact (I know, I should have done this first), I discovered that BinexFX Ltd is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
Do not believe the bonus offer from BinexFX Ltd. 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: Good mobile app|Personal attention|High security standards|Instant funding
Cons: Limited social trading features|No integrated tax optimization