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BinaryTrade360 Review - is it scam or safe?

BinaryTrade360 Review - is binarytrade360.com scam or good binary options broker?

RATING: 1 / 2 REVIEWS BinaryTrade360
BinaryTrade360 is not regulated. We cannot guarantee your money is safe.

Trading Accounts and Conditions

 

Investment plan  Min. deposit  Payout
Starter $100 N/A
Bronze  $1 000 N/A
Silver  $2 500 N/A
Gold  $5 000 N/A
VIP  $10 000 N/A

 

BinaryTrade360 appears to be a binary options broker that offers some automated trading software. Its website does not provide much information on trading conditions, nor different account types, but when we signed up, we were offered these:

 

 

Click on the image to view larger.

 

If you are wondering whether it is a good idea to try out some of these investment plans and reap tremendous profits, make sure you read this review first. We have major concerns regarding this investment provider.

 

 

Binarytrade360 Advantages

 

Multiple payment methods and tradeable assets available (allegedly)

Binarytrade360 allegedly offers trading in wide range of assets, including, forex, commodities, indices, stocks, and cryptocurrencies. However, a number of forex and binary options brokers have rich and diversified product portfolios, so we would recommend that you select a licensed one. Binarytrade360 is not regulated and not to be trusted.

 

 

>> Reliable brokers offering Bitcoin CFDs <<

 

 

Besides, according to the information on the broker’s website clients of Binarytrade360 can use multiple payment methods, such as Western Union, Moneygram, Bitcoin, Paypal, Bank deposit.

 

 

Binarytrade360 Disadvantages

 

Not regulated

Binarytrade360 says it is owned and operated by BinTrades Limited, a company allegedly licensed and regulated as e-gaming provider by the Isle of Man Gambling Supervision Commission (GSC). However, we checked GSC’s online register and didn’t find the broker there.

 

This means that Binarytrade360 is not regulated by any authority, and the people operating the brand are not bound by any law. In other words, potential clients of this broker are not protected and have no one to turn to in case they fall victim to some sort of investment scam or have other complaints about Binarytrade360’s services

 

Unclear about the nature of its services

While the home page of Binarytrade360’s website advertises their automated binary options software, promises impressive profits and risk-free trading environment, but does not provide any information about the way it works, or any historical data to back up its claims. When we signed up, however, we weren’t offered access to any platform whatsoever. It seems that the broker actually offers only managed accounts. 

 

 

Click on the image to zoom-in.

 

While binary trading robots are 99% scam in general, managed accounts with an unregulated broker are no better option. They create great potential for conflict of interest and therefore require strict financial oversight.

 

 

No trading specifics whatsoever

Another clear-cut sign of trouble regarding this binary options provider is the lack of any relevant information on trading conditions, other than the initial investment required, which is visible after registration. It is even unclear what trading platform those broker uses. Clients of Binarytrade360 are allegedly offered a demo service, but anyone with the slightest idea of trading will tell you that this (see below) only slightly reminds of binary options interface.

 

 

Minimum withdrawal set

Binarytrade360 has set a minimum amount you can request for a withdrawal, which, in our view is quite high. You cannot withdraw less than 70% of your account balance. This is not a common practice among binary options brokers.

 

 

Conclusion

 

Binarytrade360 claims to offer some sort of binary options bots, and it seems that investors can only sign up for managed accounts. Overall. Its offer is utterly unclear and considering that the broker is not regulated, it is most likely just another investment scam.

 

If you would like to make some money from trading, but do not have much experience, or are afraid of the risk, there are far better and safer options, rather than shady binary options providers.

 

One such option is the social trading platform of eToro, which is a reliable and regulated broker with many years of experience. There are also copy-trading platforms like MyFxBook and ZuluTrade, regulated robots like RoboX and brokers that offer PAMM investment services.

 

To sum up our review on Binarytrade360 in a few words:

 

Pros Cons
Multiple payment methods and tradeable assets (allegedly) Not regulated
  Unclear about the nature of its service
  No trading specifics, no historical performance
  High withdrawal minimum set

 

Latest news about BinaryTrade360
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Traders` reviews for BinaryTrade360

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BinaryTrade360 Withdrawal

You trade with them, your account grows problems start when you are supposed to withdraw, there will be broker fee, then they will tell you your acc has been under review and it was detected it can not pay out the withdrawal you requested due to pay out limit of the package. To enable to withdraw successfuly you need to upgrade your account from starter to bronze and you need to make a one time payment for successful
withdrawal. The one time payment never end

Sammy 05/20/2019

they scam me

they scammed me $100 now they want me to pay OCC conveting rate

Nkosi Paul 04/12/2019
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