What the Binary4Traders scammers became famous for. How to return the investment?
Binary4Traders is a common scam broker with a lousy reputation. Let's try to figure out why this trader has a dubious reputation after studying the features of his work and understand: is it worth transferring your time to him?
The broker's official website and employees report that the broker provides various programs that are used for Forex trading. In fact, our employees could not get access even in test mode. This is already in doubt, and accordingly we advise you to avoid Binary4Traders, a Forex intermediary, so as not to get into trouble.
Binary4Traders - criminals?
The investigation should begin with the analysis of information from open access, which are posted on the company's website. For the comfort of visitors, we will present it in a more accessible form.
The official address of Binary4Traders is Majuro Marshall Islands MH 96960, Trust Company Complex Ajeltake Road Ajeltake Island. In fact, the company is a subsidiary of a company that is supposedly registered in the Marshall Islands.
No one is able to vouch for the veracity of this data. Nevertheless, it is very difficult to find a company in this territory. And yet, you can find a company on official websites that collect data about companies offshore.
Of course, no data about Binary4Traders could be found. There is not even an organization with a similar name. Because of this, our specialists were unable to find any mention of the owner of the office. Accordingly, it is safe to say that Binary4Traders is lying to clients and hiding information. The lack of data about the director is a serious proof of the shadow work of Binary4Traders.
And even if the registration information were present, it would not be enough. The Marshall Islands do not have specialized permits to control and work in the Forex market.
After all, offshore companies attract scammers precisely by the lack of control. So even finding an organization in the registers does not give confidence in its reliability. It is impossible to follow the laws if they do not actually exist.
Binary4Traders accounts - withdrawal and replenishment
On the Binary4Traders website, you can find many options for replenishing your balance, just like normal firms. We failed to test the investment method due to AML and KYC. However, people invest money to make a profit. So, for our specialists, the method of currency withdrawal is interesting. Unfortunately, Binary4Traders will not allow you to return your funds.
In addition, skilled criminals manipulate customers in order for them to replenish their account as often as possible.
The terms of working with the broker are very poorly written, but in the questions section we have identified valuable data. Binary4Traders allows itself to withdraw money for lack of activity for more than 90 days. The amount of levies is not spelled out anywhere. Thanks to this, Binary4Traders will tear illegal fines from users that cannot be challenged.
In addition, the user simply has no one to turn to for help.
Is it possible to try to cooperate with Binary4Traders? No way!
Is Binary4Traders a fraudster? Does the broker have permissions?
Of course not. Before giving your money to a broker, you need to check all the information about him. Most often, fraudulent brokers are not regulated by law and have a hidden center that is engaged in control. In case of problems, they will not come to the aid of the victim.
It is impossible to file a complaint against the actions of the scam with one of the controlling organizations
- FCA - Financial Regulation and Supervision Authority;
- CySEC - Cyprus Securities and Exchange Commission;
- ASIC - Australian Securities and Investments Commission.
Strong states will not allow the existence of shadow brokers like Binary4Traders. Therefore, reasonable people need to avoid informal firms, not to spend money on them.
What software does Binary4Traders work with? Meta trader 4, 5
The Binary4Traders website has information that they provide the MetaTrader 5 and MetaTrader 4 platforms, which are already known to all stockbrokers as useful tools for trading on the Forex exchange. Unfortunately, neither our employees nor ordinary stockbrokers could try the programs. The thing is that you can only get access by registering using KYC or AML. They are used to oppose the legalization of income. Accordingly, it is necessary to provide Binary4Traders with personal information, or rather
- a document confirming the registration of an individual
- official document on the presence of a permanent place of residence (receipt for payment of utilities);
- official paper confirming work experience and qualifications.
Since Binary4Traders only seems to be a registered Internet broker, it is not necessary for him to transfer personal data. Such companies try to deceive law enforcement agencies and hide information about themselves. In the event that your confidential data gets into their hands, there is a serious possibility of their sale to third-party organizations. In addition, it is possible to use personal information for illegal purposes.
Cooperation with Binary4Traders using a trial account. Is it possible?
Sometimes, even the lack of data allows you to understand a lot about the company. For example, Binary4Traders for some reason does not provide its clients with the opportunity to try out the software or enable demo balance. According to the legislation, all official firms must give access to test services so that the user can test their capabilities using virtual currency and then register on binary4traders.com, transfer funds to the balance. If there are no trial versions of the service, this is very alarming. Our doubts about Binary4Traders are only being confirmed.
Useful information about Meta Trader
According to Meta Trader 5 and Meta Trader 4, it is often found at official enterprises that operate in the legal field. This is the best option for Forex trading.
The first positions among the software for the financial market, Meta Trader provided practical tools for charts, tables, charts, a large number of indicators, advisors. In addition, you can use more than ten thousand different developments and applications from qualified programmers. But, of course, in order to use the software effectively, you need to spend time and effort on training.
International rules are not for bred!
The presence of Binary4Traders regional offices in Australia and the UK also raises concerns. Stockbrokers, in order to operate in these states, are required to obtain permits from specialized organizations:
- ASIC (Australia)
- FCA (Britain)
These official papers are needed for official work on Forex. In the event that they are absent, the office is threatened with a large fine, and the owners - the need to answer according to the law.
In order to make sure whether Binary4Traders has documents, we will find the data on the official website of Companies House (Britain).
After spending some time, we have not been able to find an online broker in the registers of the organization. Therefore, we can say that Binary4Traders is a divorce. At least binary4traders.com they blatantly lie to their clients about regional offices and registration.
Don't you want to become a victim? Research the information about the offices before you start working with them. Only companies with a positive reputation and a long working life deserve respect.
We recommend cooperating only with official companies. Cooperation with investment protection organizations enables official online brokers to guarantee the safety of traders' deposits.
What is the result?
Documents published on the website binary4traders.com doubtful at best. It is difficult to understand whether these are digitized official papers or a reworked picture. Anyway, they cannot be called official papers. The rights and obligations in the user agreement are vague. There is no information about the actual date of the company's emergence, information about the owners. This is used to avoid liability to customers and the law.
Binary4Traders is a liar who wants to be touched by an official stockbroker. This is a scam to lure money out of ordinary citizens. Similar firms do not exist for a long time. At the moment when the number of negative reviews becomes critical, they will disappear, but only to eventually reappear under a new name and continue to rob people.
Reviews of Binary4Traders from victims
Before investing currency in a murky organization, find out what citizens who already have experience working with it write.
After reading special portals, mass media and social networks, our employees found a negligible number of reviews. All positive reviews are clearly custom-made, but the negative ones are quite similar to the real ones. Because of this, Binary4Traders is a dishonest broker, deceiving its customers. If you are going to invest, we do not recommend doing this.
Do you want to become another victim of fraud? No? Then check the brokers and their data, consult with experienced traders and only then take steps. There are a lot of cheaters in the Forex market, and Binary4Traders is one of them.
The broker Binary4Traders has a negative balance.
Compliance with the laws is a serious point that we regularly talk about. The presence of official control guarantees that organizations will honestly fulfill their obligations and the contributions of their clients will not suffer. Also, all registered companies are obliged to protect their users from ruin. To do this, the regulatory authorities of the UK and the European Union oblige the broker to provide protection from a negative balance. This does not allow the trader to spend more money than there is in his account. If the balance does go into negative, then the company providing the services should return it to 0.
Binary4Traders is a Forex broker that makes it possible to work with a negative balance. As a rule, this is used to ensure that the client spends as much money as possible closing the gap in the balance. Binary4Traders is a scam that spends traders' finances, and eventually requires liquidating debt using psychological pressure methods. If this happened to your loved ones or to you, remember - you can not make concessions. No matter how they threaten, criminals are not capable of causing physical harm. They don't have legal ways to get your deposits.
Binary4Traders are criminals, not a legal high-risk trader. This is indicated by the lack of registration and documents. Accordingly, the money of Binary4Traders users cannot be protected.
The size of the leverage of Binary4Traders is another method to lure money
And although it is obvious that Binary4Traders is a fraudster, let's consider another dubious nuance. On the company's website, you can find data on the possibility of trading on financial with leverage from one to four hundred, and more. However, from the point of view of legislation, this ratio is excessively risky. Because of this, it is not allowed in civilized countries. Due to the current prohibitions, most of the legal enterprises use leverage up to one in thirty or 1 in 50.
The exception is Switzerland, whose firms are highly trusted. Because of this, it is Swiss traders who are chosen by experienced or gambling citizens who are ready to take a risk.
Accordingly, in order not to let yourself be inflated, it is enough to know the current limitations of leverage. When you realize that a firm registered in Britain is not able to trade on the Forex financial exchange with a leverage of more than 1 to 30. If you are promised more, then most likely they are planning to cheat. This divorce works like this: the client is forced to take a significant debt and give the money to fraudsters.
Significant profits with Binary4Traders? No!
Do you believe that it is possible to earn income by becoming a victim of fraudsters?
Nevertheless, Binary4Traders employees promise huge profits, instant earnings, in the shortest possible time. Such offers are extremely attractive, but it is with their help that scammers lure gullible people into their claws and steal their money.
With the help of social networks, criminals make a large number of pages that advertise non-existent services. Lots of Facebook profiles showing us "successful success": photos with luxury cars, information about successful deals, vacations at popular resorts, expensive purchases. They affect the envy of ordinary users who wish for a similar life, push them into the claws of the bred.
The purpose of scammers is to get a phone number or another contact. Immediately after that, representatives of Binary4Traders will start writing and calling, guaranteeing huge profits, tempting them to pay them right now. The reasons for starting cooperation may be different, for example: combinations of planets and stars, the Mayan calendar, etc.
Some users may even believe that profits will go in the near future. But Binary4Traders is a scam. Criminals will take your money and try to steal more. The scam will stop only when the victim runs out of currency, or the scammers themselves decide to finish. Binary4Traders will easily inform you that you need to invest even more to return the money, and will stop only when they think there is nothing more to steal.
The date of registration of the online broker Binary4Traders?
The website contains information that the organization has been operating for more than 10 years. In addition, they provide services of the highest quality, all over the world, and the employees are qualified traders.
In addition, we are shown various thematic awards, broadcast about offices in Australia, Britain and New Zealand. Clients are served by several tens of thousands of specialists who work in regional offices or remotely from different parts of the globe. It sounds tempting, but our experts decided to clarify this data.
The initial stage of the analysis was the study of the official Binary4Traders website. To do this, we found information about the registration of the domain. It turned out that less than 30 days have passed since registration.
The phone number listed on the website. We study and make results.
After checking the data about the number on the Binary4Traders website, our employees found that it was used by the fraudulent broker Comax Invest. In addition, there are many cases of fraud associated with it, as evidenced by negative reviews on the Internet. Of course, this information only confirmed our doubts. Criminals do not even try to hide, hoping for inexperienced traders.
Binary4Traders Fraud Algorithm:
- A huge number of advertising posts are placed in social networks and on portals. This is necessary in order to receive the maximum number of appeals from citizens;
- After getting the email address and phone number, Binary4Traders employees start calling and sending messages with guarantees of profit in record time;
- Breeders lure out credit card information, sort of wanting to help with investing. You don't have to give them the information. You can't send them personal information if you don't want to get into loans;
- Time will pass, and the scammers will do everything so that you send more money. In the event that you close the trades in the negative, they will begin to advise you to cover the losses with new deposits. In the case of a profitable transaction, it is recommended to put even more funds on the balance sheet in order to improve profits;
- When the user tries to take the currency, representatives of Binary4Traders will try to convince him to change his decision. At the slightest opportunity, scammers will try to force the victim to forward more investments.
Is Binary4Traders really a Forex broker? No. These are scammers who extort money from deceived traders under the guise of a regulated firm. The personal data of Binary4Traders specialists is carefully hidden so that it is impossible for law enforcement organizations to detect them. This makes it possible to safely deceive users.
Conclusions of our experts: Binary4Traders - divorce
Summing up the conclusions, let's try to present all the evidence indicating that Binary4Traders are scammers
- The broker does not have registration even in the shadow zone.
- By the end of the investigation, the official website of the online broker is not even 30 days old, respectively, all the information about the scammers is false.
- The online broker does not own the right to provide brokerage services.
- The false broker does not have a regulatory body.
- The legal address of scammers is fiction.
- The company's documentation does not have a legal basis.
- The presence of units in the United Kingdom, Australia and New Zealand is a deception.
- The company's phone number is associated with financial manipulators and, moreover, with the same psvedobroker.
- Outraged reviews about Binary4Traders from affected customers.
- Do not provide an opportunity to create a trial account.
- Do not provide software testing options without disclosing personal data.
- There is no negative balance protection.
- Illegal leverage number.
- Illegal processing and further use of personal information is likely.
- A fake broker charges money for passivity after 90 days.
- Incessant emotional oppression on the part of the managers of the fake company.
- There are no options to withdraw the currency if the scammers decide that you are going to deposit more funds.
Binary4Traders - divorce. We are 100 percent sure of this. The score from 1 to ten is 0!
For your peace of mind, we have compiled a complete list of unscrupulous brokers.