Binary4Traders: how not to lose all attachments. SCAMMERS!
Binary4Traders is an ordinary online broker with a tarnished reputation. Let's figure out why this broker has a dubious reputation by analyzing the nuances of his work and find out: do I need to transfer my time to him?
The broker's website and employees say that the broker provides various programs that are used for Forex trading. In fact, our employees were unable to access them even in test mode. This is doubtful, and accordingly we advise you to avoid Binary4Traders - Forex intermediary, so as not to get into trouble.
Are Binary4Traders scammers?
The analysis should begin with the study of information from open access, which are located on the official website of the office. For the comfort of those interested, we will tell it in an understandable form.
The legal address of Binary4Traders is Majuro Marshall Islands MH 96960, Trust Company Complex Ajeltake Road Ajeltake Island. In fact, the company is a subsidiary of the company, which seems to be registered in the Marshall Islands.
No one is able to vouch for the veracity of the information. Nevertheless, it is extremely difficult to find an office in this territory. Nevertheless, it is possible to find a broker on websites that collect information about offices in offshore territories.
Of course, no information about Binary4Traders was found. There is not even a company with a similar name. Because of this, we could not find any mention of the head of the enterprise. Accordingly, we can firmly state that Binary4Traders is lying to clients and withholding data. The lack of data on the manual is a serious proof of the illegal work of Binary4Traders.
And if official data were present, it would not be enough. The Marshall Islands do not have specialized permits to regulate and work in the Forex market.
After all, offshore zones attract bred by the lack of control. Accordingly, even finding an office in the lists does not give confidence in its decency. You can't follow the laws if there aren't any.
What software does Binary4Traders work with? Meta trader 4, 5
On the official website of Binary4Traders, there is information that they provide the MetaTrader 4 and MetaTrader 5 programs, which are already known to all stockbrokers as effective tools for playing on the stock exchange. Unfortunately, neither our employees nor ordinary traders were able to try the software. The thing is that you can only get the opportunity to try by registering using AML or KYC. These systems are used to resist the legalization of capital. Accordingly, it is necessary to provide Binary4Traders with personal information, namely
- a paper confirming the registration of an individual
- official document on the presence of a residence permit (receipt for payment of utilities);
- official paper confirming qualifications and experience.
Since Binary4Traders is only trying to seem like a respectable broker, it is not necessary for him to transmit confidential information. Such companies try to deceive the regulatory authorities and hide information about themselves. If personal information gets into their clutches, then there is a high probability of their transfer to third-party firms. In addition, it is possible to use confidential information in illegal schemes.
Cooperation with Binary4Traders using a trial account. Is it possible?
Sometimes, even the lack of data makes it possible to learn a lot about the company. For example, Binary4Traders for some reason does not provide customers with the opportunity to try out programs or enable demo balance. In accordance with the legislation, all legal brokers must give access to trial services so that the user can test his strength using virtual currency and only then register for binary4traders.com, send currency to the account. In the event that there are no trial versions of the service, this is extremely suspicious. Our concerns about Binary4Traders are only being confirmed.
Some information about Meta Trader
Meta Trader 5 and Meta Trader 4 software is often found in legal brokers who operate in a legal field. This is the best option for earning money on the Forex market.
Leading positions among the software for the financial market, Meta Trader provided practical tools for creating graphs and charts, a large number of indicators, advisors. In addition, you can use more than 10,000 different developments and applications from qualified programmers. But, of course, in order to effectively apply these programs, it is necessary to spend time on training.
Huge profits with Binary4Traders? No!
Do you believe that you can make a profit by becoming a victim of being bred?
Nevertheless, representatives of Binary4Traders guarantee significant income, instant earnings, in the shortest possible time. Such offers are extremely attractive, but with their help, the breeders lure ordinary people into their clutches and steal their funds.
With the help of social networks, scammers make a large number of pages that advertise fake services. A lot of Instagram profiles show us "successful success": photos with luxury cars, data on successful auctions, holidays at fashionable resorts, expensive purchases. They affect the envy of ordinary citizens who want a similar life, they send them into the clutches of bred.
The purpose of the scam is to get your phone number or another contact. Immediately after that, Binary4Traders employees will start spamming and calling, promising serious income, tempting them to pay them immediately. The arguments for starting cooperation can be different, for example: combinations of planets and constellations, the Mayan calendar, etc.
Some users may believe that revenue will go in the near future. But Binary4Traders is a scam. Criminals will take your deposits and try to lure more. The divorce will stop only when the victim runs out of funds, or the scammers themselves decide to stop. Binary4Traders will easily announce to you that you need to invest even more to return the money, and will stop only when they decide that there is nothing more to lure out.
Financial laws are not for criminals!
The presence of Binary4Traders offices in Australia and the UK also creates concerns. Online brokers, in order to work in these states, must obtain authorization papers from the relevant structures:
- ASIC (Australia)
- FCA (Britain)
These official papers are needed for legitimate work on Forex. If they are absent, the office faces a large fine, and managers - the need to answer according to the law.
In order to make sure whether Binary4Traders has official papers, we will find information on the official website of Companies House (England).
After a few hours, our specialists could not find the company in the organization's lists. Therefore, we have the right to declare that Binary4Traders is a scam. At best binary4traders.com they do not hesitate to lie to their users about offices and design.
Don't you want to become a victim? Analyze the information about the offices before you start cooperating with the yuroker. Only companies with a positive reputation and a solid period of activity deserve respect.
We advise you to work exclusively with registered companies. Cooperation with investment protection organizations allows official firms to guarantee the safety of money of stockbrokers.
What is the result?
Official papers posted on the website binary4traders.com at best, they raise questions. It is difficult to understand whether these are digitized official documents or just a photoshopped picture. Anyway, they cannot be called legal documents. The obligations and rights in the user agreement are unclear. There is no information about the actual date of the appearance of the organization, data about the management. All this is used in order to avoid responsibility to traders and the law.
Binary4Traders is a fraudster who wants to touch a legal stockbroker. This is just a deception to lure money out of ordinary citizens. Such organizations do not live long. When the number of negative reviews becomes too large, they will disappear, but only to reappear later under a new brand and continue to deceive citizens.
Binary4Traders has a negative balance.
Compliance with the law is an extremely important point that we regularly talk about. The existence of control and regulation provide guarantees that the offices will honestly fulfill their obligations and the finances of their users will not suffer. Also, all official online brokers are obliged to protect their clients from losses. To do this, regulators in the UK and the European Union oblige the company to provide protection from the negative balance. This does not allow the user to spend more money than there is on his balance. If the balance does fall into the negative, then the company providing the services should return it to zero.
Binary4Traders is an online Forex broker that makes it possible to work with a negative balance. This is usually done so that a citizen spends as much money as possible patching up a hole in the balance sheet. Binary4Traders is a scam that spends traders' finances, and eventually demands to repay the debt using methods of psychological violence. In the event that this has already happened to your relatives or to you, remember - you can not give in. No matter how they threaten, they cannot cause real harm. They have no legitimate methods to take your funds.
Binary4Traders are scammers, not an official broker with increased risk. This is evidenced by the lack of registration and official documents. Because of this, the funds of Binary4Traders clients will not be protected.
Is it worth trying to work with Binary4Traders? No way!
Is Binary4Traders a fraudster? Do they have permits?
Of course not. Before giving personal money to an enterprise, you need to check all the information about it. Most often, fraudulent brokers are not controlled by the state and have a hidden control center. In case of trouble, they will not come to the aid of the victim.
It is impossible to file a complaint against the actions of criminals to one of the regulatory organizations
- FCA - Financial Regulation and Supervision Authority;
- CySEC - Cyprus Securities and Exchange Commission;
- ASIC - Australian Securities and Investments Commission.
Developed countries will not allow the existence of shadow brokers such as Binary4Traders. Therefore, prudent people need to avoid dubious offices, not to spend currency on them.
The date of registration of the Binary4Traders organization?
The official website contains information that the online broker has been working for more than 10 years. In addition, they provide services of the highest quality, all over the earth, and the employees are experienced traders.
In addition, we are shown various profile awards, they tell us about divisions in Australia, Britain and New Zealand. Clients are served by more than ten thousand specialists who work in regional offices or remotely from various points of the earth. It sounds attractive, but our employees decided to check this information.
The first stage of verification was the study of the Binary4Traders website. To do this, our employees received information about the registration of the domain name. It turned out that less than 30 days have passed since registration.
The phone number located on the official website. We study and draw conclusions.
After studying the information about the number on the Binary4Traders website, we learned that it was used by the Comax Invest broker. In addition, a large number of cases of illegal actions are associated with it, as evidenced by bad reviews on the Internet. Of course, this data only reinforced our doubts. Scammers do not even try to disguise themselves, hoping for gullible traders.
Reviews of Binary4Traders from victims
Before investing money in a dubious organization, find out what traders who have had experience interacting with it write.
After reading special portals, media and social networks, our employees revealed a small number of reviews. All positive reviews are clearly paid for, but the bad ones are similar to the real ones. Accordingly, Binary4Traders is an unscrupulous broker that misleads its customers. If you plan to invest currency, we do not recommend doing this.
Do you want to be another victim of scams? No? In this case, analyze the enterprises and information about them, consult with experienced traders and only then take steps. There are a lot of scammers on the Forex market, and Binary4Traders is one of them.
Binary4Traders accounts - how to withdraw, top up?
On the Binary4Traders website, you can find a large number of ways to top up your account, just like legal companies. We failed to test the investment method due to AML and KYC. However, people invest in order to make a profit. Therefore, our employees are interested, first of all, in the method of withdrawal of funds. Unfortunately, Binary4Traders won't let you get your funds back.
In addition, experienced scammers manipulate citizens so that they replenish their balance as often as possible.
The terms of cooperation with the broker are unclear, but we found important information in the FAQ section. Binary4Traders allows itself to withdraw finances for the absence of activity for more than ninety days. The amount of the fine is not indicated. With this, Binary4Traders will tear illegal fines from customers that cannot be challenged.
In addition, the trader simply has no one to turn to for help.
The size of the leverage of Binary4Traders is another way to lure the currency
And although it is obvious that Binary4Traders is a fraudster, let's study another dubious nuance. On the official website of the company, you can find information about the possibility of playing financial with a leverage of 1 to 400, and more. However, from the point of view of the laws, this ratio is excessively risky. Therefore, it is not sanctioned in developed countries. Due to the current prohibitions, most legal enterprises use leverage up to one in thirty or 1 in 50.
The exception is Switzerland, whose organizations are highly trusted. Accordingly, it is Swiss stockbrokers who are chosen by experienced or risky citizens who are able to take risks.
Accordingly, in order not to let yourself be fooled, you need to remember the current limitations of leverage. When you see that an organization registered in the UK is not able to trade on the Forex financial exchange with a leverage of more than 1 to 30. In that case, if you are offered more, then most likely they plan to cheat. This divorce works like this: the trader is forced to take a significant loan and give the funds to the breeders.
Binary4Traders Fraud Scheme:
- A huge number of advertising messages are created on social networks and websites. This is necessary to get the maximum number of leads from people;
- After receiving an email and a phone number, Binary4Traders employees start calling and writing messages with promises of profit in the shortest possible time;
- Scammers lure out credit card details, ostensibly wanting to help with the deposit. You don't have to give them the information. Do not give them confidential information if you do not want to get into debt;
- Over time, scammers will do everything to make you invest more. If you end the auction in the negative, they will begin to recommend covering the loss with new deposits. In the case of a profitable transaction, they will offer to put more money on the balance to improve profits;
- If a citizen tries to return the money, representatives of Binary4Traders will try to convince him to change his mind. At every opportunity, scammers will try to force the victim to transfer even more money.
Is Binary4Traders really a Forex broker? No. These are criminals who extort currency from naive people under the guise of a legal firm. The personal information of Binary4Traders employees is securely hidden so that it is impossible for law enforcement agencies to detect them. This makes it possible to deceive users without fear.
Conclusions of our experts: Binary4Traders - fraud
Summing up the conclusions, we will try to state all the facts that indicate that Binary4Traders are criminals
- The broker does not have legalization even in the shadow zone.
- At the end of the review, the official website of the online broker is not even 30 days old, respectively, all information about scammers is fiction.
- The Internet broker does not have the right to provide brokerage services.
- The false broker does not have a regulatory body.
- Addresses of scammers are lies.
- Official documents of the company have no legal basis.
- The location of units in Britain, New Zealand and Australia is a fiction.
- The company's phone number has been noticed by financial manipulators and, in addition, with another online broker.
- Negative reviews about Binary4Traders from used citizens.
- There is no option to open a demo account.
- Do not provide opportunities for testing services without disclosing personal data.
- There is no protection against negative billing.
- Prohibited leverage ratio.
- Illegal processing and subsequent use of confidential information is possible.
- The fraudster charges a fine for passivity after 90 days.
- Prolonged moral oppression by the managers of a fake company.
- There are no ways to transfer funds when scammers realize that you will not dare to deposit more money.
Binary4Traders is a deception. Our employees are one hundred percent convinced of this. Score from 1 to 10 - zero!