Netexoption.com Review Is Netexoption a Scam or Legit Broker

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Binatex Review

Binatex entered the binary options trading arena in 2020. The broker’s platform seems easy to navigate and to some extent even fun but this should not fool you. Even though the layout of the official page looks user-friendly and professional a myriad of customer reviews suggest otherwise.


Min. Deposit:
$250

Trading Platform: Custom

US Clients: Not Available

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

First of all, Binatex has its offices in Cyprus and yet it’s not regulated by CySEC. CySEC is the financial regulatory body of Cyprus. In addition to this, the parent firm Binatex Limited is registered in Seychelles and there is an branch in Budapest. More intriguing is the fact that even though there is no branch of the broker in Russia, it is regulated by the FMRRC of Russia. The firm further provides a Russian phone number for support purposes.

Getting started with Binatex

Binatex promises its customers very high rate of returns (payouts) of between 60% and 90%. Getting started seems easy because once you fill in your personal details, you are directed to the demo account. The platform offers a number of Forex pairs, commodities, stocks and even cryptocurrencies. Besides Bitcoin, the altcoins included in the platform are Ethereum and Litecoin. Trading signals can be found on the left side of the software screen. Many traders are not aware that in order to withdraw their money, a trading volume of at least 25 times the bonus amount must be reached. In order to be allowed to operate a demo account, a trader is required to deposit $10. This doesn’t really make the demo account free after all.

When it comes to opening an account with Binatex, the first step is signing up. A trader is required to provide personal details in the sign-up form provided. The second step is making a minimum deposit of $250. Trading is the last step which involves a trader picking assets, cryptocurrencies, and forex pairs to trade.

Understanding the platform

Binatex has one of the good-looking platforms in the market even though many trader have come to realise that looks deceive. It is smooth and appealing and as such serves to the firm’s advantage as it lures new unsuspecting clients. The only thing which is not very exciting about the firm’s platform is the low than average minimum rate of return of 60%.

Is Binatex a scam?

Binatex is regulated by FMRRC of Russia which is not a reliable body when it comes to international financial regulatory role. Given that the broker is not licensed by FCA, ASIC, CySEC or FSP, it is safe to say that Binatex is not a ‘licensed’ firm and should, therefore, not be trusted. As mentioned earlier, the firm has a myriad of addresses which makes it mysterious. This makes the firm more likely to be seen as a scam than a legit entity by any diligent trader. The withdrawal of funds information is hidden deep in the legal section. Such information as is with most brokers should be easily availed to the clients.

There are numerous complaints which have been leveled against the broker. Many of these complaints which relate to withdrawals have not yet been addressed. Many traders complain that they are not able to withdraw funds after they have submitted withdrawal requests. Unless Binatex comes forward with solutions to existing problems and questions, its legitimacy quest will continue being elusive.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

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Is Scam?

Most trustable broker in the world. We fully checked IQOption and can be 100% sure that you will never be cheated.

Iqoption inspection

Nowadays IQOption Binary Options Broker is getting more famous around the entire globe. The number of traders using this platform for trading the binary options keeps increasing from day to day. However a lot of people keep asking whether there exists a certain risk related to the fact that IQ Option can turn out to be some sort of scam. With today’s advanced technologies it becomes possible to reveal scam, but at the same time there appear lots of ways to cheat due to abundance of brokers and lack of experienced among traders. Unfortunately, scammers actively penetrate the market, hence each broker should undergo verification before any trade can proceed. Those facts give a strong reason to perform scam inspection of IQ Option.

Iqoption history and trading platform

Basically most of scam brokers can be detected easily through their history record (some brokers appear to have no history). Initially IQ Option was introduced back in 2008. In fact, Russian market was the first one to use this platform. Within short period of time it gained interest, popularity and good reputation among Russian traders. This fact served as a solid foundation for IQ Option to continue its development further expansion. Later it reached European countries, as well as China, America and others. Besides that after the establishment of this platform, the developers promptly created special applications for iOS and Android related to IQ Option. Hereby it is highly recommended for you to visit those websites and check it out in details, test the customer support service etc. With current technologies you can even chat with customer service via live chat, send emails, web forms and also Skype to verify the quality of their support. You can also create a demo account with their assistance in order to practice. This demo account doesn’t require any deposits. With help of these methods you will be able to verify a broker with ease. Likewise, historical IQ Option scam inspection can be easily and clearly completed.

Iqoption international reputation

IQOption was already evaluated quite high by international experts. In fact, in 2020 this platform was announced as the most innovative binary options broker, because it provides simple means of trading. These trading means were recognized by the Forex Report as revolutionary. In 2020 this platform was announced as the safest binary options broker. MasterForex-V academy acknowledged the reliability of experts. The colorful design and multiples of helpful accessories make this platform well acknowledged by beginners as well as expert traders, because it creates clear and fast means of virtual trading. All the offered assets are globally recognized, so there is no need to waste time on researches of new markets and familiarization with new companies. Moreover, our IQ Option scam detector identifies it as a safe broker, so you can easily use it. Learn more about it in our IQ Option Login and Trading Platform analysis.

Iqoption payments

Even though IQOption requires small minimum deposit as well as minimum trade, it still applies quite strict payment policies, which include clients’ accounts obligatory insurance in a European Bank. It happens because of license. They process all transactions in a very careful manner and provide relevant rules, which can explain all possible situations in details and provide serious and professional approach. In a matter of fact, you can find a lot of positive comments and reviews related to this broker from various customers. Moreover, this broker also received a lot of rewards within past few years. Of course, there are few negative comments, but those are the cases where people lost money due to their own mistakes and want to put the blame on others. The above-mentioned facts ensure that IQ Option scam inspection goes at a very satisfactory level.

Withdrawal inspection

Funds withdrawal plays a very important role in IQ Options scam inspection as it clearly demonstrates whether how easy it is for customer to receive money on hands. Withdrawal can be done according to preferences of each and every client. Webmoney, QIWI, Neteller, Skrill, as well as MasterCard and Visa are available. Each trader simply needs to fill the application form and submit it. This process doesn’t take a lot of time and is useful for traders with busy schedule. Usually withdrawal takes up to three business days. The ease of withdrawal demonstrates the high level of platform’s reliability. In case of any questions, trader can always contact the IQ Option support team and get detailed and competent consultation. On our side, we have done a thorough work to analyze the withdrawal process in details and you can find it in our IQ Option Withdrawal Review. Feel free to use it for your personal reference and guidance.

Iqoption scam inspection conclusion

Overall it is worth pointing out that IQ Options scam examination results in conclusion that the platform is suitable traders and demonstrates high safety and integrity level. Basically, this is a broker, which cares about its clients and provides a high-end service to each and every trader. This platform is fully reliable and safe. Besides that it has got rich experience and can provide distinctive features. You are free to test them thoroughly with help of demo account, which has no limitations at all. Moreover the support team is able to respond quickly by using diversified means of communication as per your request. Novice and experienced traders can be certain to find satisfy their interests and preferences. Hence we can confidently say that IQ Option is the platform of choice.

Scam inspection 2020 | Is IQ Option Scam Broker?

IQ Option has become a well-known platform throughout the trading world nowadays. More and more traders prefer this particular platform for trading not just options but also forex and even cryptocurrencies. But is there a risk that IQ Option would appear to be some kind of scam? It is quite easy to reveal that, but it is also easy to cheat, as there are many different brokers and many inexperienced traders. Scammers are, unfortunately, present on the market and every broker should be checked thoroughly before any step towards depositing with them is taken. Because of that, it is vital to perform an IQ Option scam inspection.

Broker’s history and evolution

First of all, scam brokers can be easily detected by facts from their history. As a matter of fact, sometimes there is no history at all. IQ Option was presented to the market in 2020, Russia was first to see and use the platform, and among Russian traders it quickly gained a strong reputation and became very popular in a short period of time. This allowed IQ Option to develop and spread further, so soon it became known in European countries, China, America and so on. Also, there is an important thing to mention in this part of IQ Option scam inspection: very soon after the platform was revealed, the developers provided applications for iOS and Android. Such an effort in making the platform more accessible to everyone suggests that the developers care about each and every client who decides to trust IQ Option. But don’t take just our word for it, visit their website and see for yourself.

General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Test their customer support, chat with them via live chat, ask anything that interests you via e-mail or web-forms and see how fast and how good the answers will be. You can even open a demo account with them, which is as far as we know one of the best in the business – it can be used indefinitely and doesn’t even require a deposit. You don’t even have to create an account! One click is all you need. These are probably some of the most important methods of researching a broker and we are very pleased with the results they have yielded. At the very least, we may say that the historical IQ Option scam inspection has ended very well indeed.

IQ Option Awards

International Reputation

International experts have already valued IQ Option highly enough. In 2020, the platform was named the most innovative binary options broker, as it provides easy ways for trading that were even called revolutionary by the Forex Report. Year 2020 brought the platform the title of the Most reliable binary options broker, with the experts awarding this title being highly reliable – those from the MasterForex-V academy. With its colorful design and many helpful accessories, the platform was equally well accepted by both beginners and expert traders because it provided a clear and quick way of trading and virtually anyone can learn to use it. Eventually the company evolved and started offering much more than just simple options. Today, it is one of the most renowned trading partners you can find in the world. They also have a technologically advanced platform, but one that is fairly easy to use and with assets that do not require in-depth knowledge of every single market in order to recognize them. On the contrary, all assets offered are known globally, so no one will have to waste time researching new markets and familiarizing themselves with new companies. Here, obviously, our IQ Option scam detector says it also passes as a safe broker and you can learn more about the trading environment if you go to our analysis of IQ Option Trading Platform 4.0.

IQ Option Trading Platform 4.0

Deposits

Although their minimum deposit and minimum trade requirements are exceptionally low (10 and 1 dollar, respectively), which is one of the broker’s most important characteristics, IQ Option practices a rather strict payment policy which includes obligatory insurance of each and every client’s account in a European Bank. They approach all transactions with great care, have rules which explain all situations down to the slightest detail and are generally very serious and professional. The clients have picked up on that, and you can find numerous positive comments and reviews about this broker. After all, they did receive a lot of prizes over the years, which really says a lot. With payouts going up to 100%, this is a leading online trading broker! Obviously, there are some negative comments, as well, but you will find that these come from people who have lost money through their own mistakes and are just looking for somebody else to blame. All of that assures us that this IQ Option scam inspection is going more than very well. And, like we said earlier, you always have the option of testing everything for yourself if you open your IQ Option Demo Account. It is completely free and you won’t even have to leave any financial information, plus it gives you an opportunity to trade in real market with virtual 10 000$ for free!

General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Withdrawal

A very sensitive and significant moment in IQ Option scam inspection is the question of funds’ withdrawal as it shows how easily you can – or cannot – receive your own money. A withdrawal can be performed in different ways here, but the process directly depends on the method you used to make your deposit. Bank transfers, WebMoney, Skrill, Neteller and even PayPal are all available, as are Visa and MasterCard cards. Traders need to fill out and submit an application, but that usually takes just a few moments, which is important for occupied, busy traders. All withdrawals will be processed within one working day, while the minimum amount you need to withdraw is just 2 EUR. The ease with which anyone can withdraw their money shows the reliability of the platform. Also, if a trader has any problems, they can always refer to the support team of IQ Option and receive a full consultation. We have analyzed the process of withdrawal to great detail in our IQ Option Withdrawal Review which can be of further use to you if you want to research this topic some more.

IQ Option Withdraw

Multiple licenses

Over the years, the broker has been investing in its security a lot, and these efforts were recognized around Europe. Indeed, the list of licenses IQ Option has acquired over the years and the number of registries it is in is exceptionally impressive. These include:
– a CySEC license: the most important trading license in Europe. This allows the broker to be authorized to conduct business in other countries of the European Economic Area.
– FCA registry: the Financial Conduct Authority is an independent body responsible for overseeing the financial markets in the UK.
– CONSOB registry: CONSOB is the financial regulatory body of Italy.
– CNMV registry: Spanish regulatory agency.
– ACPR authorization: allows companies to operate in France and Monaco. The list of companies with this authorization can be found in the Regafi registry, and IQ Option is among them.
– AFM registry: IQ Option is also in the registry of this Dutch regulatory company, meaning it has access to the financial markets of the Netherlands.
– Finantsinspektsioon registry: an Estonian regulator whose task is to check that all obligations of a company towards their clients are fulfilled.
– ČNB registry: the financial regulatory body of the Czech Republic.

As you can see, the company is pretty revered all over Europe. There are many other reasons for that too (from traders’ perspective), and you can learn all about that in our IQ Option Review.

Compensation fund

But perhaps the best evidence against IQ Option scam is the fact that the company is a member of the Investor Compensation Fund. What does that mean? Well, it means that there is an organization behind them which makes sure every investor gets their money back in case of something going very wrong. If, for example, IQ Option suddenly goes under and you are unable to access your account with them, this fund will cover you and help you get your money back. Truth be told, the chances of this broker failing are very, very slim, but it’s good to know that there is a safety mechanism even in that case. Therefore, you can trade with your mind at ease – your money is 100% secure if anything unforeseen happens! With that, we think we can wrap this article up.

IQ Option Scam Inspection – Conclusion

Because of all these features, we can say that IQ Option scam examination went perfectly smoothly and that the platform can be recommended to all traders who appreciate safety and honesty. This is a broker that values its clients very much and will provide a superb service to them. They are absolutely reliable and safe, have a lot of experience and offer some very unique features. You are able to test them thoroughly thanks to their demo account with no limitations, and the support team is quick to respond through all the usual means of communication. Both novice traders and the more experienced ones are sure to find something that suits them and if you are looking for a new broker, IQ Option is certainly a great choice. The fact that numerous regulatory bodies have come to the same conclusion only supports that claim. Join them now and trade with the best broker around!

General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

DISCLAIMER: Binary options are prohibited in EEA.

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    Thread starter Yugocean Start date Jul 9, 2020

Yugocean

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