Binainvest Review – No Charges or Fees Policy Highly Suspicious
Binainvest Review – No Charges or Fees Policy Highly Suspicious

The first thing about Binainvest brokerage is that it does not reveal any ownership details. That’s already a sign it is legitimate. The company also doesn’t reveal addresses, founders, or anything else relevant.

Consequently, all the features the company offers without full transparency can be highly questionable. Find out why until the end of this Binainvest review.

Regulated by: No regulations
Is This Company Safe? No
Known Websites: Binainvest.com
Have Warnings from: N/A
Registered in: N/A
Operating since: 2022
Trading Platforms: WebTrader
Maximum Leverage: N/A
Minimum Deposit: $500
Deposit Bonus: Available
Trading Assets: Currencies, futures, commodities
Free Demo Account: Not available
How to  Withdraw from This Company? Even though the company claims to offer segregated bank accounts for deposits, without regulations that’s less likely possible. After all, if the company wanted to be legitimate they would be licensed in the first place. Therefore, all withdrawals are highly questionable. If you experience any trouble, feel free to contact us for refund consultation.

Legal info: Is Binainvest Legit Or A Scam?

Generally, the company could appear legitimate to inexperienced traders mainly because they claim to offer funds protection through segregated bank accounts in top-tier banks. They also say they have an ICF (International Compensation Fund) membership. However, without transparent legal details, this information is meaningless.

In addition, the company is not licensed by any top-tier regulator. Fairly, that’s the first step they need to take to appear legit.

Who are Binainvest’s Victims?

Surprisingly, this firm has offered its services for almost two years. Thus, zero Binainvest reviews could reveal more about their activities. Luckily, website traffic can give us some heads up on what countries may be the first on the hit. Those are: 

  • Spain
  • Dominican Republic
  • Costa Rica
  • Chile
  • France

Since they are not regulated, it’s just a matter of time before some regulators, primarily the Spanish CNMV, publish a warning against them. We suggest you wait a bit before making your decision about choosing a broker. 

Meanwhile, you can read our Tesla X Trading review and contact us if you have withdrawal issues with any broker you are currently trading with.

Leverage, Commissions, Spreads, Fees and Taxes

One suspicious detail about the Binainvest broker is that they don’t charge commissions or fees. So, how do they make money? The first option you may think of is deposits. Fairly, that’s highly probable, considering their missing licenses.

Another key fact is that the company doesn’t reveal any leverage they are offering. So, after completing the Binainvest login procedure, make sure to explore the leverage offered. If you see anything above 1:30, you better close your account on time.

Bonuses

The company may trick you and prevent your withdrawals through their bonus policy. Quite big, to be honest. On a deposit of $1.000, you can get $1.000 bonus funds. 

But if you want to withdraw the funds, you need to make 25 times the bonus amount plus deposits in the trading volume. Something very hardly achievable.

Binainvest Trading Features

Social trading and robotics are some of the most attractive features offered in the Binainvest account types. However, without regulations, all these options can be dangerous. Especially because nobody monitors those activities and also because of the company’s trading platform. Before we jump into it, make sure to check our advice from the MENA Global Market review.

Trading Platforms Available

One of the company’s benefits is that its platform is web-based. Apparently, downloading and setting up the platform is a common issue. But that’s a pure lie. Even if you don’t know how to set up the software, you can get assistance. 

The idea behind the Binainvest platform is to have easier manipulation options, and that’s only possible with their web-based platform.

Available Trading Assets

Usually, traders are looking for a wide range of trading options. However, they should also keep in mind that a lot of instruments don’t necessarily mean the company is good. Anyway, with this company, you can’t trade cryptos. But fairly, other options are quite solid: 

  • Currencies – USD/AUD, EUR/JPY
  • Futures – NASDAQ, Boeing
  • Commodities – gold, natural gas

Account Types

In general, all the benefits the company offers can be considered fictive. All those options that you get for a higher deposit don’t mean anything without a license. For instance, the company offers deposit insurance, an investment protection fund, robotics, etc.

Thus, if you deposit $500k and you can’t withdraw your money, do these options mean anything? Think about it more often. Anyway, all the options you can choose are:

  • Opening – $500
  • Basic – $3.000
  • Bronze – $15.000
  • Silver – $50.000
  • Gold – $150.000
  • Platinum – $300.000

Mobile Trading App

Another huge disadvantage is a lack of transparent and trusted mobile apps. Without these, you can’t enjoy the maximum capabilities of the trading world. Therefore, you should find a licensed broker offering Meta Trader or cTrader. At least if you want to enjoy it maximally.

Demo Account

A great way to find out if the company’s presented features are real is through a demo account. But even experienced traders should test the trading conditions and advanced strategies. Sadly, such an option is not available with this company.

Education

Apparently, through the account types, the company claims to offer ebooks, individual training, and financial advisor features. But can you truly trust an unlicensed financial advisor? Absolutely not. 

It’s clear they will just manipulate you into something they want from you. Which is to make a higher deposit.

Binainvest Withdrawal

If you are thinking that the Binainvest withdrawal procedure is possible, make sure to check the bonus policy first. Also, their partially transparent withdrawal policy doesn’t mean anything without regulations. The company has the right to decline withdrawal if your funds are not enough to secure open positions.

But guess what? With the web-based unregulated platform, they can always make it like that. Anyway, the minimum withdrawal for wire transfers is $500, while for card transfers is $100. Apparently, there are no fees for both.

Customer Support

Generally, the company’s support doesn’t seem quite promising. Even though there’s a UK phone number, e-mail, and web-contact form. Apparently, their customer service is available Monday to Friday, but in non-declared hours.

Key Information To Consider About Binainvest

The first thing about this company is that they are not regulated anywhere. Therefore, anything they say can’t be guaranteed anyhow. On top of that, there’s an untrusted platform offered, shady trading conditions, and, most importantly, a withdrawal policy.

Consequently, a lot of issues are possible. So, if you have any questions, feel free to contact our team for consultation. Most importantly, the first meeting is completely free, and you can get a full guide on how to recover money from scam brokers.

FAQ Section

What is Binainvest?

Binainvest is a brokerage with quite a few suspicious trading offers that have been operating without regulations.

Is Binainvest Legit?

No. Binainvest scam brokerage is not authorized to offer its services anywhere. Also, they are misleading traders about compensation funds and funds security.

How to Recover Money From a Financial Fraud?

In the best-case scenario, you can apply for a chargeback. But if you are using alternative payment options, you can talk to our experts for alternative methods.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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