BINOTEKEX has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The so-called education at BINOTEKEX is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for the past year and a half thinking they would help me learn.
Pros: Multi-currency support|Excellent charting
Cons: Currency conversion fee exists|No crypto staking
I joined BINOTEKEX from a blog post comparing services and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Great customer service|Market news feed|Fast support response
Cons: Limited cryptocurrency options|Minor UI glitches occasionally
The platform at BINOTEKEX is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since I retired last year of dealing with this, I have had enough.
Pros: Regular updates|Fast execution|Social trading features
Cons: Nothing significant|Limited ETF selection
Do not be fooled by the professional-looking website. Behind the scenes, BINOTEKEX is disorganized and incompetent. I found them after reading several online reviews and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Dividend tracking|Real-time alerts|Dedicated account manager|High security standards
Cons: Slow to add new assets
BINOTEKEX changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Full transparency|Market news feed
Cons: Search feature is basic
After for a couple of months now with BINOTEKEX, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Fast support response|Risk management tools|Reliable uptime|Wide product range
Cons: Minimum deposit could be lower
After doing some research AFTER the fact (I know, I should have done this first), I discovered that BINOTEKEX 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: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
BINOTEKEX 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: Customizable dashboard|Dedicated account manager|Risk management tools
Cons: Email notifications too frequent
I signed up with BINOTEKEX after doing extensive research and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Intuitive for beginners|Market news feed
Cons: No phone support on weekends|Onboarding videos are outdated
BINOTEKEX 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: Copy trading available|Professional team|Instant funding
Cons: Onboarding videos are outdated