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Binary Trading Club Review: is it a Scam?

Binary Trading Club Review: is it a Scam?

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Binary Trading Club is an alleged account manager that aims at profiting investors through its community. The platform boasts of a top-notch team that has experience in the market, and they have strategies that are beneficial to their customers.

The platform performs various services, and they aim at suiting every investor, both newbies and experienced. Binary Trading Club increases your profits by using verified traders according to their allegations.

However, this company should not earn your trust, and they expose multiple red flags that we think is enough reason to dismiss their services allegation. This platform claims to have an experienced team, yet they do not mention any information to showcase the kind of qualification they have.

Binary Trading Club Review, Binarytradingclub.com Platform

Furthermore, you risk dealing with unregulated brokers, and the trade result is not likely suitable and pleasing to any customer. The platform suits individuals, small businesses, and even hedge funds, and you receive meaningful investment returns putting into account risks.

Binarytradingclub.com Review

Binarytradingclub.com provides you services in currencies, stocks, commodities, and indices based on your needs. The company only talks on how managed accounts are profitable, yet how they operate is shady and not known by any trader. You should invest with legit and transparent signal providers in the industry.

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The owners of the company are not mentioned anywhere, yet they claim to offer professional services, and who’s controlling your money is unknown. You risk sharing your personal information and losing funds to anonymous people.

Investors can share ideas, and other trading tips on this were made possible by the founder, who was a banker. The platform claims they teach and train traders through their materials and that every investor can benefit profitably.

New customers can chat with experienced traders on the website and learn various skills on how to boost their trading. The platform entitles you to personal interaction, and you need only small capital for you to start earning from this firm.

Binary Trading Club posts the videos of verified brokers who generate profits for investors. You risk dealing with unregulated brokers, and they do not provide any regulatory information that they hold.

Moreover, they may seem legit in the method of operation, but they promote a trading robot that is a disgrace in the market. While dealing with unregulated brokers, chances are you will never receive any money as profit; instead, you’ll only end up making losses.

The platform generates the signals from veteran traders and that you receive alerts for everything signal generated. Investors have the option of following the signal generated or opt to compare from their sources.

Each signal provider in the company uses its strategies to alert customers. On what time frame received signals are not known, this platform is relevant information that is needed to earn your trust.

In the past, it was attainable to generate massive returns while trading. However, the trading world is rapidly growing, and promising investors’ constant returns are not valid without patience and general knowledge of the trade by the customer.

Investors are also informed when significant trading events arise and that you will always receive them in time to capitalize and benefit. You can also receive one-on-one training just in case you are not satisfied with the free training strategies.

Binary Trading Club promises investors multiple advantages, and the team of the community can help each other and discuss problems that investors are facing. However, no trading evidence has been provided to showcase any trade activity taking place, and you may end up dealing with scammers.

Legit account managers are profitable and always transparent in the method of operation, and the team behind the platform still provides the information to assert genuineness. The win accuracy for the signals is also not stated anywhere, and if you’ll do not know if you should trade the signals immediately is also not known.

Testimonials

The platform uses fake testimonies on their website to hide its murkiness, and this is a major red flag. No trade links have been provided, and the names and images are made up to tempt you into depositing in their accounts.

You may be squeamish about finding out that these people do not even know of the company’s existence or their just paid actors. Scammers will use anything to seem legit, and once you fall for their catch, all your money is gone.

Regulation and Customer Support

The company claims to be regulated in Cyprus, yet no evidence of the same has been provided in this information is not valid. Unregulated platforms will smoothly go against the law at any given time when legit platforms will always provide you with legitimate documents to verify their regulation and earn you trust.

The founders of the platform risk facing criminal prosecutions and massive lawsuits and are the main reason no information that links to them on the whereabouts is available. Regulated platforms always showcase transparency on the website, and you can easily verify their details.

Binary Trading Club customers are not provided with any contact support that they can use to reach the platform beside a section they fill with their email and query. You need to be provided with working contact support, and reply needs to be fast for you to trust the company with your money and expect returns that are profiting.

No location address has been mentioned in the platform of the people behind the company, and this is a major red flag. Once you have lost your money on the platform, reaching the company for a refund does not seem possible, and we do not recommend the company.

Funds Safety

your funds are not safe with this investment firm because they do not mention any banking details that you can use to trust them with your money. There is also no evidence of past trade transactions that the platform has been able to complete to prove any trade activities taking place.

The kind of algorithm used to generate funds for you is also not mentioned, and whether the signals will profit you are unknown. Legit investment firms will always provide you with information about the people behind the platform to know who is controlling your funds.

Domain Insights

Binary Trading Club uses a suspicious registrar that is mostly used by scammers NameCheap, Inc the registration expires in 2020 December, and they were registered in 2013 December.

Their registrar allows them to hide the owner’s information from investors, and this is a warning sign not to trust investment firms. The domain name for the platform is binarytradingclub.com.

Final Verdict

Binary Trading Club is not a regulated platform, and you risk losing all your money to anonymous people. The methods this platform uses to trade is not well elaborated, and they only talk about how the market is profitable without mentioning the strategies they use in making profits.

Transparency is critical in every legit Investment firm that offers reasonable profits to investors, and you can easily see this by seeing legit regulatory documents and contact support that is working. No information about the people behind the platform has been provided to investors. Always venture with profitable signal providers in the industry.

Nothing they do make sense or adds up to anything, and it will be wise not to waste a single coin in the company. There’s also no past trade evidence that you can use to prove any trade activities are taking place.

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