BinkFxMarket Review – The Main Disadvantages of Binary Options

This investment firm is one of many that doesn’t reveal any headquarters details. Mainly, such firms are hiding their origins because they are afraid to be exposed. Important to realize is that binkfxmarket.com is not even revealing any ownership information.

All in all, not too many reasons to trust them from the beginning. But if you check out this honest BinkFxMArket review completely, you could find many more.

Broker status:	Unregulated
Regulated by:	No regulations
Operating Status:	Active binary options scam
Known Websites:	https://binkfxmarket.com/home
Blacklisted by:	N/A
Owner:	N/A
Headquarters Country:	N/A
Foundation Year:	2022
Online Trading Platforms:	N/A
Mobile Trading:	N/A
Minimum Deposit:	$100
Deposit Bonus:	Available up to 20%
CFD Trading Option:	No
Crypto Asset Trading:	Yes – BTC, XRM, DOT
Available Trading Instruments:	Forex, Crypto, CFDs
Maximum Leverage:	N/A
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	Considering lost licenses, closed investigation and 3 people arrested, you should have enough signs to avoid this broker.

Is BinkFxMarket Legit or a Scam?

One of the first things we have to mention is that binary options trading is banned in Europe. Primarily, binary options can easily be considered gambling. You are making an assumption that the price is reaching a target in a specific period. But very often, such platforms are manipulated and traders are doing what the company wants.

That’s why regulation is the key in the investment world. In this case, you should be looking for Tier 1 licenses. For instance, FCA, BaFin or ASIC. But that’s not something the BinkFxMarket scam broker is striving for.

Traders Reviews

If you don’t trust regulators, you should trust other people. Not always, of course, but if 3 out of 5 reviews are bad, there’s a sign. Check the HelloPeter platform for user-experience reviews.

But if you are also one of the victims, get in touch with us. Free advice on the first step and potentially full guidance. No pressure or commitment. It’s only up to you.

How Does BinkFxMarket Work?

Since the company does not offer any trusted trading software, you know already what to expect. Once you join, they will tell you you can start with a low investment. Of course, with their manipulative platform, they can make it look like you are a genius.

In addition to that, you’ll be persuaded to deposit more for higher returns. Generally, every greedy trader will fall for it. But once you want to withdraw the funds, the problem starts. If you are one of those who have been in this situation, contact our refund specialists for assistance.

Who Are BinkFxMarket Clients?

Since this firm is registered in 2022, you can’t expect much from them. Especially not without regulations. But they have already made their target areas, such as:

• South Africa
• Philippines

Is it because of weak regulations or something else? It’s up to you to decide. In any case, if you feel scammed by this firm, our chargeback experts can help you with the refund.

What Are Trading Platforms Available?

One of the leading warning signs is that the company doesn’t offer a trusted trading platform. Therefore, you can expect a wide range of manipulations. Especially with results and market data.

In general, you should be looking for a top-tier licensed firm with trusted regulations. But to make it clear, Noble-Finance is not one of those.

Is the BinkFxMarket Mobile Trading App Available?

As it can be seen, no. In fact, iOS and Android users will have to use browsers. Which is not the most convenient way to trade. If you want to know what to avoid, read our Union Trade Pro review.

What Financial Instruments Does The Platform Include?

Apparently, the company is offering FX, CFDs, and crypto. But without insight into the platform, it’s hard to prove that. Most likely, they offer just the most popular options, such as:

• Forex – GBP/EUR, USD/JPY
• Crypto – BTC, LTC, ETH
• CFDs – Gold, Crude oil, Silver

Account Types Offered by BinkFxMarket

One of the ways to make traders deposit more is by offering them better trading conditions. This is a strategy of scam brokers. But with the BinkFxMarket scam broker, the situation is even worse.

They require higher deposits without any credibility. In fact, you get a higher bonus, a higher referral bonus, and some other fake features. In any case, the options are:

• Starter – $100
• Premium – $1.000
• Deluxe – $20.000
• VIP – $50.000

Can a Trader Use BinkFxMarket Demo Account?

To hide their flaws, scam firms often don’t allow demo accounts. This is exactly the case with the BinkFxMarket broker. Therefore, you should choose more transparent ones.

BinkFxMarket Fees, Leverage, and Commission

Even though this firm offers binary options trading, they don’t have transparent fees. Which is quite strange. But in the end, it tells you what you can expect from the firm.

Is the BinkFxMarket Welcome Bonus Available?

Currently, the company offers up to a 20% welcome bonus. But none of the policies are revealed regarding these bonuses. Therefore, you can expect various manipulations around it. Prepare your nerves. This broker is not regulated, and they could make up any excuse they want.

Is BinkFxMarket Withdrawal Possible?

Considering missing regulations and binary options trading, you can forget about it. Not to mention, the company doesn’t have transparent funding and withdrawal methods. On top of that, they don’t reveal withdrawal processing time and fees.

But if you hear any shady story about verification, taxes, or unreasonable fees, contact us. Don’t hesitate because it might cost you more than you invested.

What Should I Do If I Have BinkFxMarket Problem?

Since these firms are not regulated, there’s nothing much you can do. You can share your opinion online to prevent other traders from going into the same trap. But it’s up to you. However, the main goal is to get your money back. There are many ways you can do that. Primarily the chargeback. Yet, sometimes, you have to use alternative methods like Fusion Forensics Limited to track your funds.

All in all, we suggest you consult with our team and find the best solution to your case. Every case is different and requires undivided attention. So, don’t be like other traders to throw money away. Get in touch today. After all, the first meeting is free. So, what are you waiting for?