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Binatex – Trader’s Opinions and Broker Review

regulation
Regulated by Int'l Financial Commission
region
Accepts traders from
United Kingdom
rating
4.7
/ 5
Rating: 15
Reviews: 0
bonus
Bonus on first
deposit
Register within 10:00 minutes and receive a gift
The Binatex brokerage company was founded in 2015 and managed to attract the attention of traders quite quickly. Within just two years of work, the broker received 6 international awards for its user-friendly interface, trading platform capabilities, client support, and creative approach. Full review
Trading conditions
Tradable assets:
Option profitability:
Minimum deposit:
Minimum trade amount:
48
up to 75%
$10
$1
Demo account:
Online registration:
Call support:
Chat with support:
yes
yes
8-800-333-20-67
no
Tradable assets:
48
Option profitability:
up to 75%
Minimum deposit:
$10
Minimum trade amount:
$1
Demo account:
yes
Online registration:
yes
Call support:
8-800-333-20-67
Chat with support:
no
Deposits and Withdrawals
b_visac_mastercardd_bankf_skrillg_neteller
Review of Binatex
Broker rating: 3.9 / 5

1. General Information

The website of Binatex is available in 15 languages as the broker is focused on traders from different countries. In addition, the company has received a certificate of compliance from the FMRRC (detailed information is available on the official website of the regulatory authority). Nevertheless, the broker has made a lot of efforts to stand out among competitors and provide a truly high-quality service to its clients. Let's get acquainted with the particularities of Binatex.

2. Pros and Cons of Binatex

Low minimal deposit: it is sufficient to make a deposit of $10 to start trading on the broker’s platform. In this case, the minimum transaction amount will be $1.

Demo account: immediately after registration, clients receive a virtual account with $1000, which allows testing the platform's capabilities and getting accustomed to the interface.

FMRRC regulation: as we have already mentioned above, Binatex has acquired a license from the Financial Market Relations Regulation Center. This step guarantees the broker's honesty and fairness when transacting with clients.

Repayments on losing trades: Binatex is the only broker in the market that makes a return from each loss-making transaction without any additional obligations from the client.

Multi-level system: has been implemented whereby a trader’s level increases with the volume of completed transactions, starting from level 1 and up to level 10. The higher the level - the more opportunities a trader has: for example, at the highest level the return from each loss-making transaction is 10%, and all materials in the training section are accessible both in text and video formats.

Convenient statistics: the broker has put serious efforts into organizing the statistics section - information about transactions is presented in a fairly convenient and clear way, which allows using the section as a fully-featured trade diary for analyzing the profitability of trades and identifying possible errors and areas for improvement.

Round-the-clock support: you may ask questions at any time of day using a live chat on the broker's website, via phone or by e-mail.

Welcome bonus: each new client has the opportunity to receive a 100% welcome bonus on the first deposit. It is worth noting that the bonus amount is not withdrawable and can only be used as additional trading capital for higher trade profitability.

Small number of assets. Currently, the clients have access to a little over 20 tradable assets, which is significantly lower compared to other leading brokers.

3. Underlying Assets

Clients of Binatex can trade in currency pairs, shares of companies (Google, Facebook, Apple, Starbucks, etc.), as well as commodities, such as oil and gold. Although the number of assets is smaller than with other comparable trading platforms at this point, the company has made claims about its plans to significantly increase the variety of tradable items within the following months.

4. Trading Platform

Binatex team preferred a road less traveled and did not use existing, ready-made solutions, but developed an in-house trading platform. Using a special informer in real-time mode, you can monitor the number of active traders and open transactions. It is possible to open new tabs with chart windows, while the charts themselves can be rendered either in linear or candle format. Price quotations are provided by Bloomberg, so there is no need to worry about market data being inaccurate or falsified. It should also be noted that there are specialized sections with trading signals, economic calendar, training videos and rating of the best traders at the bottom of the platform’s screen. These elements can be removed or added according to the trader’s preferences.

As for the types of options contracts, there is no variety at the moment, as only one format available is the classic "Up/Down", with possible expiration periods ranging from one minute to 24 hours.

5. Deposits and Withdrawals

To open a demo account with Binatex, it is sufficient to enter one's e-mail in the corresponding form on the official website, which will grant access to a personal 1000 USD virtual trading environment with real-time quotes. It is sufficient to make a deposit of at least 10 USD / 10 EUR for a real account will full access to all platform features. Deposits can be made using Visa, MasterCard or various electronic payment systems. As mentioned earlier, clients are eligible for a first-deposit bonus of up to 100% of the deposited amount.

It is worth keeping in mind that withdrawals at Binatex are made to the same payment medium as the deposit. Applications are processed within 1-3 working days on a first-come, first-served basis. There is an upper limit to the number of withdrawal applications per month, depending on one’s trader level (see above); this information can be found inside one’s personal account on the platform.

Since Binatex is a regulated broker, it requires sending copies of identity documents for security and anti-money laundering purposes before being able to deposit or withdraw funds; in case of issues with this process you can always contact your assigned personal manager.

6. Trader Education

The broker has prepared a worthy training base for both beginners and professionals. The relevant section on Binatex website contains dozens of articles and video lessons on various topics concerning technical and fundamental analysis. For example, the company's experts show how to distinguish between different chart patterns, use indicators, and analyze one’s trading process. Traders can unlock more and more in-depth and information-rich materials as their trading volume increases, based on the point-system mentioned above.

7. Should I Trade with Binatex?

Despite of the relatively recent market entry, Binatex has proven to be a reliable partner for traders with any level of competence. Working on their trading platform allows forgetting about the existence of deliberate obstacles created by certain other brokers; thanks to this, Binatex clients are able to fully immerse into the trading process, being sure that the outcome of each transaction will not be affected by the manipulations with price levels.

Many claim that Binatex can be considered a game changer in the world of binary options: the history of this company shows that brokers' work can be improved, while their services can become even more affordable for many traders.

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