No restriction on the broker account. Provide service support by WikiFX
The number of the complaints received by WikiFX have reached 21 for this broker in the past 3 months, please be aware of the risk and the potential scam!
VanuatuVFSC (license number: Unreleased) The regulatory status is abnormal, the official regulatory status is Revoked, please be aware of the risk!
Scam stay away unable to withdraw
2021/12/24 7:33:02South Africa
Unable to withdraw
The withdrawal took 1 month.
Binary. Com & MT5 is a scam broker.
Binary options are a SCAM. There is no way you are going to profit by betting $100 to win 80. No robots, signals, tips, or strategy is going to overcome those to overcome those obstacles and challenges in the live Markets. The ESMA has carefully considered the need to extend the intervention measure currently in effect. It considers that a significant investor protection concern related to the offer of binary options to retail clients continues to exist ESMA said in a statement. Traders witdraw
2021/11/3 9:23:29South Africa
Binary when I request the money as an IB they blocked my wallet not letting withdraw. After my identity verified they ask proof of address, I send 3 different and they refuse all 3, saying they cant accept please send another. After I ask on live chat why they dont accept they say bad quality, I made perfect photo and send again they block my account with 12000$ and say they will not pay me! VERY BIG SCAMMER, dont trade on Deriv or you will never see your money! I see they do this everyday, please contact regulators so we can stop this scam and have our money back!!!
A client has alleged that they make trades disappear from clients' account so that they have to pay less profit to their clients.
A client has reported that he has been scammed by this broker.
on 23 december 2020 i invested with binary broker by the name of lucky ikhlaas i invested R3000 at first then she asked for topup amount of R7000 then she asked for R5000 withdrawal fee then after she asked for my banking app logins so that she can link the accounts to make my profits payment but instead she stole R12000 from my FNB account up to this day she disappeared
2021/7/31 14:55:29South Africa
A client has alleged that binary.com did not allow him to withdraw after he made profit and instead, the broker did trade with the client's money,without his knowledge and all money got lost. The client has claimed this broker make profit from people's loss. He has requested regulating bodies to shut down this company, otherwise they would continue to scam people.
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Labuan Financial Services Authority (Labuan FSA) was established on 15 February 1996 under the Labuan Financial Services Authority Act 1996. Labuan FSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre (Labuan IBFC). Labuan FSA’s key role is to license and regulate licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the internal and international best standards adopted by the jurisdiction. Labuan FSA also develops policies for the orderly conduct of business and financial services in Labuan IBFC.
License Type:Straight Through Processing(STP)
Regulated in Country/AreaMalaysia
Regulatory License No.：MB/18/0024
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :LoT No.F16, FirsT Floor, ParaGon Labuan, 87000 Labuan F.T
Phone Number of Licensed Institution :087-504 126
The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.
License Type:Retail Forex License
Regulated in Country/AreaVanuatu
Regulatory License No.：Unreleased
The enactment of the Financial Services Commission Act in December 2001 established the British Virgin Islands Financial Services Commission (FSC) as an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI, which includes insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.
Current Status:Offshore Regulatory
License Type:Retail Forex License
Regulated in Country/AreaThe Virgin Islands
Regulatory License No.：Unreleased
The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.
Current Status:Suspicious Clone
License Type:Retail Forex License
Regulated in Country/AreaJapan
Regulatory License No.：9010401115222
WikiFX only provides the legal URL of the platform published by the regulatory website.
WikiFX will not disclose your personal information to third parties.
In order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.
The use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.
You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'
General Information & Regulation
In 2013, BetonMarkets.com was rebranded as Binary.com by the parent company, to spearhead an expansion plan to step into the financial trading markets. Binary.com 's head office located on Malta, at Mompalao Building, Suite 2, Tower Road, Msida MSD1825. Binary.com is regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider under the license number IS/70156. On the Isle of Man and the UK, Binary.com is regulated by the Gambling Supervision Commission and the UK Gambling Commission respectively.
Investors can trade binary options, lookbacks, forex, CFDs, commodities, metals (gold, silver, platinum, and palladium) through the Binary.com brokerage firm.
Binary.com Minimum Deposit
Unlike most binary options brokers, which require a minimum deposit of $250 to open a live trading account, Binary.com only require a minimum deposit of just $5, hence making Binary.com more accessible.
Spreads & Commissons
Spreads differ in light of trading accounts. Variable spreads start from 1.2 pips in the Standard accounts, spreads from 0.9 pips in the Advanced account. The commission part is not fully disclosed on the Binary.com website.
Trading leverage vary depending on various types. Binary.com uses the dynamic leverage, from 1:300 to 1:1000. Inexperienced traders are advised not to use such high leverage.
Binary.com Trading Platform
Binary.com offers traders the Deriv.com trading platform. Traders can trade a wide range of financial instruments on the Deriv.com platform, an easy-to-use and versatile trading platform for both novice and experienced traders. There is also SmartTrader, the preferred binary options trading platform that allows traders to trade on a simple, user-friendly online platform for the global financial markets.
Deposit & withdrawal
Binary.com welcomes a variety of payment and withdrawal methods. The main payment methods are Wire Transfer (for EUR, USD, GBP, AUD), PayTrust (for USD), ZingPay(forEUR,USD, GBP,AUD),Helpay(forUSD), VISA/MASTERCARD/Maestro (for EUR, USD, GBP, AUD), Fasapay (for USD), Perfect Money (for EUR). Binary.com does not provide detailed information on the fees for deposit and withdrawal.
Binary.com Customer Support
Binary.com has translated their website into a dozen different languages. As for customer support, traders can contact the support team through Live chat. The full details can be found on the “Contact US” area of the website.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.