Binary International Review – Scam or Legit?
We have made a research of Binary International and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Forex Brokers along with detailed reviews for safe and secure trading.
Since we haven’t gathered enough information yet, we cannot confirm that Binary International is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Forex Brokers:
Binary International Review
Binary International is a Forex broker that is owned by NeuroTech International Ltd. Their physical address is at the Babrow Building, The Valley, British West Indies, Anguilla. This means that Binary International is not a licensed and regulated broker by CySEC or another regulatory institution, which monitors Forex trading.
We always recommend to sign up with a regulated broker and that is why we’ve made a list of all the licensed and regulated brokers by CySEC.
Binary International’s trading platform is available in Spanish, English, Japanese and Arabic, but many traders report that there are problems with the Arabic and Japanese versions of the web site. Their customer support can be contacted by e-mail, phone and live chat.
Binary International Withdrawals
BinaryInternational’s withdrawal methods include credit and debit cards (MasterCard, Maestro, American Express) and bank wire transfer. Remember that you can withdraw only by the same payment method you deposited with. The minimum withdrawal amount is 250 EUR, GBP or USD, which is very high for the industry. There is a fee of $20 for wire transfers, and withdrawals below the amount of 500 are charged a $25 fee of the currency in which the initial deposit was made. Also if the trader has deposited funds, received any free software or did not execute at least 5 trades, before requesting a withdrawal, they will be charged an additional $100 for any withdrawals on top of the fees we mentioned above.
It usually takes Binary International up to 3 business days to process your withdrawal request. Once the request has been approved it takes an extra 5 to 7 business days for the funds to show in your personal account, depending on the withdrawal method you use. Also, you must keep in mind that if you accept a bonus by Binary International you will not be able to withdraw any funds from your account, until you trade the bonus amount 30 times. This is a pretty important requirement, which can cause you withdrawal problems with Binary International.
Binary International Scam
What concerns us the most is that the company who owns Binary International is registered in Anguilla, which means that this broker is not regulated by any of the regulatory institutions that monitor Forex trading. You should be very cautious, since we cannot be sure if this broker is safe or not.
Is-Scam’s recommendation is to always sign up with a licensed and regulated Forex broker, so you know that it follow the laws and regulations. That is why we constantly research and investigate all brokers and update our list of the most reliable and secure brokers.
To see our Top Safe Forex Brokers selection, click here.
Binary International Complaints
Our team of investigators browsed the internet and read several comments and complaints from traders about BinaryInternational, which were regarding withdrawal problems and issues with the bonuses. Another complaint that we read was that the customer support is not available 24/7 as stated on their web site. However, we cannot be sure that the complaints are legitimate, since they may have been posted by their competitors. The best thing to do is to use caution and research more until it’s absolutely sure that there are no issues regarding Binary International.
Binary International Demo Account
Binary International offers a demo account, but it is available only if you sign up with them and deposit money in your account. You can still test out their trading platform and get a real trading experience without the risk of losing real money, however you will have to first fund your account.
Demo accounts are mostly used by beginners in order to practice trading Forex with no risk of losing money and without making any real profits, so they can develop a trading strategy before trading live.
Binary International Bonuses
It is advised to first read the Bonus Policy of the broker, before accepting any bonuses. BinaryInternational offers its new traders big bonuses of up to 200%. But the important thing you have to remember is that by accepting the bonus, you will have to trade its amount 30 times + your initial deposit, before you can withdraw any money from your trading account. So we advise you to consider if you can trade such high volume before deciding to accept a bonus.
ConclusionAfter detailed investigation our team concluded that there are better choices than . We cannot confirm that this Forex broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with .
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.