binaryonline is a scam and has been known for withdrawal problems and downtime of their trading platform and website.
The Sofia Regional Court blocked the access to 40 websites, offering forex, CFD and binary options trade form Bulgaria, without proper authorization by the local Financial Service Commission or any other official regulatory body in EU.
The ruling follows a legal action initiated by the FSC in late October and was published on Friday. The website providers had 24 hours to shut the access to the pages, but our research shows that most are still accessible.
According FSC most websites are owned and operated by foreign companies, registered in offshore zones such as the Marsha Islands. On top of that some of the pages use details of legit businesses in an apparent attempt to defraud users that they are part of renowned financial institutions such as the Belgium KBC Group or HSBS. In the retail forex industry such scam pages are known as “clone websites”.
If you need to complain to them their email address is:
[email protected]
This broker has a low trust score of 1 out of 5 and it is a scam broker.
They may claim that they are regulated however we could find no licence held at any regulatory body anywhere in the world.
Their head office is actually in Eastern Europe in the Balkans.
You may investigate their website and see its creation date
by clicking here.
If you have already been scammed by this broker and are having problems withdrawing your investment,
contact us here for help recovering your investment.
Trade safe and sign up now with one of our trusted and approved brokers.
