5 Reasons Why You Should Not Invest In The Scam broker Binexo
Read this Binexo review, and share it with your loved ones to save them from scams and scam brokers.
Broker Name – Binexo
Broker Website – https://binexo.io/
Headquarters or Area of Operation –
Warnings – Ontario Securities Commission (Ontario)
Binexo is an online trading company and it is located in China. The website of the company can be found at https://binexo.io/. Moreover, there is no other information is mentioned on their website including address, contact number, owner’s details, and regulated license. They only provide a contact email which is found at firstname.lastname@example.org. With the lack of necessary information, it is proved that this broker is suspiciously involved in scam activities or they do forex scams or cryptocurrency scams. Binexo has been warned by Canada’s regulatory authority Ontario Securities Commission about the potential harmful activity. Read a complete Binexo Review to know more about this broker.
Binexo.io is one such potential scam broker who is involved in many scam activities. Read a complete Binexo review to know more about this broker.
Binexo Review: Scam Activities Done By Binexo
Having the potential to make someone go into a debt trap, the scammers lure their victims in with irresistible offers and discounts. In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them. Remember, nobody has a right over your money.
Binexo Review: Regulation
As you all might know, regulation is one of the most important checkpoints that one must look for while searching for a brokerage firm. Due to the increasing inflow of scammers in the market, the regulations set up barriers to make sure that the scammers stay away from the market. For this, they introduced the licenses. For a company to acquire a license, it must go through a variety of tests. However, these tests are not as easy as they might sound like. If a company does not have a license, it means that the company is UNAUTHORISED and not fit for trading.
In our case, if Binexo is unregulated, then this raises the first red flag against the broker in this Binexo review. Read More in Scam Broker 2022.
Binexo Review: Leverages
Leverage is yet another common checkpoint that one must look for while checking for a broker online. Due to their direct involvement with the risk, leverages are offered in small amounts. The leverage is even capped at 1:30 and 1:50 in the European countries and the USA respectively. If this broker offers leverage more than this, it is a sign that Binexo.io is a potential scam.
Is Minimum Deposit permissible?
The minimum deposit is generally asked in very small amounts by the legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. However, the tradition of taking huge minimum deposits is extremely common in scam brokers as their main aim is to steal as much money as they can from the trader before they get suspicious. The usual amount asked by the legitimate brokers lies in the range of $5 to $10. If the broker asks for an amount more than the average, chances of a scam.
Binexo Reviews: Complaints
You can find many negative Binexo reviews on the web. We advise you to do a search for online reviews of brokers. A conventional web search can give experiences into whether negative remarks could simply be a disappointed dealer or something more serious. A decent enhancement to this kind of search is our scam brokers 2022 list, which indicates who are scam brokers and why you should avoid them. Acquire a more clear comprehension of the guidelines for forex brokers and any other brokers.
Binexo Review: Conclusion
To sum up, all that has been said above, we give you the power to decide whether the broker is a scam or not. We request the readers to move forward with extreme caution. If you have been a victim of Binexo scam or any other broker, do not feel embarrassed. File a complaint right now and get instant help from our team in fund recovery!
Victims of forex scams, cryptocurrency scams, binary scams, pet scams, dating/romance scams, or any number of scams should raise their voices. This will not only help them but all the victims who are struggling to get their deposits back. Apart from this, it will also help other people to be alert from such scammers and scams.
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