Binex: broker reviews

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

It has been actively collecting statistics, money and reviews since 2012. Binex is a broker that has settled on the Russian stock market and offers tools for trading binary options. The firm positions itself as promising for cooperation for traders from Russia and neighboring countries. The conditions developed by the company take into account the peculiarities of the economic situation in our country, therefore they attract a lot of attention. If you study the ratings formed on the basis of reviews, Binex confidently occupies one of the highest positions in them. This trend has been noticeable for more than a year. However, cautious traders still have a lot of doubts. Should I invest in this firm?

Everything in order

Before you read reviews about Binex in particular and binary options in general, you need to understand how it works. Binary options are a kind of Russian roulette, where either hit or miss. You bet money, you choose whether the stock will go up or down in a set time period, you lose everything or get a big profit.

Some say it's much easier than working on the stock exchange and mastering complex Forex tools, while others are sure that it's a disastrous business,it will not be possible to make a profit - in a word, a scam. Positive feedback about Binex makes you think: what if this is not a trap at all? On the other hand, when observing such responses, one must be clearly aware that not all of them are real, no matter what the headlines may say.

Who, what and about what?

Binex offers cooperation with the following conditions:

• deposit not less than 10 thousand rubles or 150 US dollars;
• at least 120 rubles are invested in the option;
• there is a demo version of the account available to the user for a limited time period determined by several factors;
• when working with a classic option, as follows from user reviews of Binex, the yield varies between about 70-75% of the money invested;
• when choosing the "Touch" system, the greatest profit can be obtained in the amount of 120-140% of the invested amount.

Reviews and ratings of Binex are confirmed by the legality of the company's work, which has documentary justification - the company has received all the licenses necessary for the full functioning, has passed the checks provided for by law. The broker offers its services in European countries, where it has also been successfully tested for compliance with laws. Reviews of Binex options are mostly positive, including a positive assessment of the company's work and the state authority responsible for monitoring money transactions in Russia.

Working? Working

Positioning themselves as real Binex reviews prove thatthe company offers the most favorable conditions for cooperation on the stock exchange this year in Russia. The organization itself explains this as follows: the conditions are formed on the basis of an analysis made when studying an extensive sample of users of the Russian-speaking segment of the World Wide Web. Well, since everything was created in such a way that it was convenient and profitable for users from Russia, then the reviews and reviews about Binex are naturally positive.

Accounts Features

Reviews about Binex and a review of brokers show that this company offers a wide range of accounts, which allows each user to find what suits his conditions. Accounts available to a trader:

• basic;
• training;
• trader;
• expert.

And in more detail?

Scam or not Binex reviews? The user who does not want to trust positive feedback can try the system in practice for himself. Of course, if he is willing to spend money on it. The easiest way to cooperate with the system involves opening a basic account. It is available to those who can replenish their account with 10-59.9 thousand (calculated in rubles) or 150-990 US dollars.

Compared to other offers of the broker, this account is the weakest, so its users leave the most negative feedback on earnings on Binex. The withdrawal of money is made during the working week, the broker takes a commission of 4% for his services. You can count on a three-day demo account that allows you to master the mechanisms andcompany tools. But access to the signals is blocked. In addition, Binex organizes a weekly newsletter in which it analyzes the situation on the market as fully as possible, but it does not come to players with a basic account. The reason is that the deposit amount is minimal, it is unprofitable for the broker to work with such a “small fish”. However, reviews of the Binex trading area show that even with a basic account, people receive a good income.

Next level: go up

Training is a type of account that users who have replenished their balance in the amount of 60-299.9 thousand in Russian rubles or 1-4.999 thousand US dollars can count on. From the reviews about the Binex broker, it follows that the amount does not have to be paid in a single payment. In order for the user of the system to be able to work at this level, he needs to make several payments, totaling 70,000 rubles.

What does the one who trusts and puts such serious money on the balance sheet get? Feedback from Binex clients indicates that you can use useful webinars where traders are taught winning strategies. True, they provide general information - a sort of introductory course, and also teach technical analysis, but only the basics. You can use signals, you get access to various financial instruments. In a word, the probability of earning is already greater, so those who use a demo account more often leave positive feedback about the Binex broker.

Pros and cons

The terms of cooperation are becoming more profitable,the commission is reduced by one percent relative to the base account, the processing time for financial applications is reduced to five days, and the demo version is given for a week. At the same time, the probability of losing a lot of money when choosing the wrong strategy increases, which is a typical situation when working with binary options. Accordingly, customer reviews about Binex appear more often and negative ones from those people who are rightly outraged by the loss of money and who could not choose the right position for trading.

One more step up: Trader

This account becomes available to those participants who replenish the balance by 300-999.9 thousand Russian rubles. If in the previous version it was possible to count on a yield of 81%, then here this figure grows to a solid 87%. A trader can use automated trading tools. They can give no less than two thousand percent of the income from the transaction.

When using a “trader” account with Binex, customer feedback is also positive due to the low commission - only 2% of the amount is withheld during withdrawal, and it takes no more than 4 days to process the application. You can use a demo account. The broker provides two weeks to master the tools of working with binary options, after which you can go “free swimming”.

Maximum possible

There are two types of feedback about Binex: positive and negative (surprising, right?). Well, let's be honest, there is nothing surprising here, but if you evaluate what users do not like, then there is reason for surprise: as a rule, dissatisfactionarises only about the timing of the withdrawal, but as for honesty, none of those who publish their opinions have any complaints. Does this mean that the maximum pleasure from work can be achieved if you choose the largest option for working with a broker, in which the terms for withdrawing money are minimal? Looks like it.

These best conditions are available to those who decide to open an Expert account. This status will not be given to anyone, but only to such a user who is able to credit one million rubles to his balance at a time. If the payment is made in US dollars, then you need to replenish by 10 thousand. An alternative option for obtaining the highest status is replenishment in several stages, then the total payments should amount to one and a half million rubles.

Is this real?

For an ordinary user of the system, such amounts seem exorbitant, unrealistic, which means that the account itself is inaccessible. On the other hand, it is no secret that you can take a loan for this amount. Will the profitability of the account cover the interest that will have to be paid? In general, as the reviews prove, everything is in favor of the system participant.

When working on a classic binary option, you can count on an 80% return, and when choosing a "turbo" strategy, the income reaches 86%. When choosing automatic work tools, the percentage component rises to two thousand. The trader has full access to all the tools available to the broker, including signals and analytics. It will take no more than two business days to withdraw moneywith a one percent commission. The user can use the webinars without restrictions, is en titled to an unlimited deposit.

Level hierarchy

It would seem that four levels of accounts, different from each other in terms of the amount deposited on the balance, is already a rather complicated system, nothing more is needed. But the broker also offers some other, even more advanced versions. We are talking about VIP accounts, which are three:

• silver;
• gold;
• platinum.

The logic of division into levels is as follows: when replenishing the balance by 25 thousand dollars or 2.5 million rubles, Binex gives a silver VIP account, gold can be obtained when depositing 50 thousand or five million, respectively, and the highest platinum status is available to those, who placed 100 thousand American or 10 Russian money on the balance sheet.

And what do we get?

Why risk that kind of money and invest in binary options? What does the system user get? Binex gives each VIP member their own trader with extensive experience. True, it is impossible to say from the outside whether this system will work effectively enough. It so happened that people who have such serious money do not write reviews on the Internet about the tools that make money. It remains only to assume that it is really profitable, otherwise no one would use such offers.

Options: what are we working with?

Choosing Binex, the user gets the opportunity to work with four different instruments,allowing you to make money (or try to make money) on binary options. Available for trading:

• classic up-down logic, expiration lasts 15 minutes;
• a touch to predict whether the price of a security will reach the planned value;
• a range in which the auction ends with one of two outcomes - the deal is closed at a price within the declared range of values or outside it;
• turbo, when expiration lasts no more than five minutes, but no less than half a minute.

Accessibility

The broker provides a very interesting opportunity: a trader can choose another private trader and add him to his own tracking list. This will allow you to be aware of transactions made by another person. That is, in fact, you can work by simply repeating one-on-one other people's actions. This is useful for beginners who are not yet able to correctly predict the development of the situation on their own. By the way, on the Russian market, Binex became the first company to offer such a logic of work.

Another original opportunity given by Binex to its participants is tournaments organized inside the trading platform. As a prize, they usually set either a certain amount of money or the status of a VIP participant.

How and with what to work?

Binex offers its users a kind of marketplace that takes the best from the classic options of world-class brokers, but with the addition of some features that (according to the plan) should haveto please Russian-speaking users. At the same time, the trading platform has certain disadvantages.

Pros:

• diversity of assets;
• variety of live chart;
• several types of live chart;
• ease of application of the system.

And if in more detail?

As for live charts, Binex offers four varieties at once:

• areal;
• candles;
• linear;
• standard.

Graphs are displayed in such a way that the user can control at least 4 assets at the same time. If you need to monitor changes in one asset, then a large chart is available showing the dynamics of the situation. You can customize the system in a way that is more convenient for a particular trader. All this is done using large, bright, clear buttons, so the user will definitely not miss any important controls. So, you can make a deal without wasting time.

Finally, the last undeciphered positive aspect is asset selection. This means that the user has access to all the features of the stock exchange. You can work with raw materials or money, securities, indices, not only foreign, but also Russian - choose what you understand better. So, 190 assets were recently available, but the broker is building up potential and expanding opportunities. Just a few clicks in a user-friendly interface allow you to assign a currency pair andenter into a deal without missing a favorable moment.

There is also tar

No wonder we have a saying about a fly in the ointment, which necessarily spoils any, even the largest barrel of the most sweet honey. So in the case of working with Binex, such tar spoils the pleasure of working with binary options. This concerns the trading platform developed by the broker. Others assess this shortcoming as insignificant, but many agree that it is precisely this that prevents them from earning decent money.

What is it about? There are no technical analysis figures or indicators on the platform. This means that you will definitely have to resort to online charts, as well as trading terminals of other sites. If you neglect this, you will have to work blindly, and then earnings will depend on luck. And when it comes to hundreds and thousands of dollars, hardly anyone wants to trust only luck.

Professionals in this field believe this: it is good to trust your intuition, but trusting only her, intending to make a deal through Binex, is a guaranteed step into the abyss. You can't work like that. The best course of action is to use the trading space of some other broker. Choose those that allow you to build graphs online. Preference should be given to companies that occupy the top positions in the ratings in the field of binary options. This will help you access verified, reliable information that is truly relevant to the transaction.

What else is due?

Most of the modernbrokers attracts the attention of potential users of their platforms with additional bonuses. Even so: if the company does not offer bonuses, thereby it almost immediately loses an impressive percentage of participants. Binex keeps up with the times in this regard: the company has developed a system of "buns" for the best of the best.

What can you expect? For example, when replenishing the balance in the current year for a certain amount, you can get an additional bonus from the broker. It varies from 75 to 200 percent, which in total gives very decent money. The distribution of bonuses begins when replenishing an account by 10 thousand rubles, the larger the one-time inflow of money to the balance, the greater the gift from the broker. In addition, the bonus is determined by the type of account used by the bidder.

A distinctive feature of a financial bonus is that it can be used in transactions, but cannot be withdrawn. But if you manage to earn profit from this money, then it can be sent to the withdrawal and cash out without any problems. At the same time, the profit should be 30 times more than the trader's deposit. True, there is a certain condition: the broker sets the time frame. Within a given interval, you can use these preferences, outside it it will no longer work, everything will burn out. Even if you managed to earn part of the amount, and there is very little left before the full amount, you will not be able to get anything.