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About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

TRADE BINANCE

United Kingdom United Kingdom | 2-5 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

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Website

Rating Index

Contact

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The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
United Kingdom
Operating Period
2-5 years
Company Name
TRADE BINANCE
Email
support@tradebiance.com
Company Website
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Edelite Alves Ferreira Neto

Edelite Alves Ferreira Neto

Unverified

Brazil

Terrible support, and my data gets updated without my consent. My phone number has been changed numerous times. My money is lost.

Exposure

Ma4053

Ma4053

Unverified

Chile

He posed on TikTok as an investor (same name, profile, etc.) There he told me about BINANCE and generating profits on a platform. He told me step by step how to deposit, where, he gave me withdrawal codes, and that money was transferred to www.capitalvistafx.com. I transferred approximately 3.5 million pesos. When I wanted to withdraw my $6,000 profit they asked me for more money, they threatened to lose everything and they finally blocked my account after depositing a lot. They sent me emails approving money in the bank and then rejected that I had to pay them to issue the withdrawal. Finally, I refused to pay more and they blocked EVERYTHING. I finally asked them to return my investment, but they completely disappeared.

Exposure

ZentenoJ93

ZentenoJ93

Unverified

Guatemala

I gave addresses, deposits were requested to pay taxes. It was said that if I did not pay the taxes I would not have my money and when it was the "last payment" there was nothing of that supposed payment. I lost more than Q.2K (about USD.324.00) and they asked me for more after that. The supposed trader is Antonio Col and, he says, he is from Guatemala.

Exposure

Collins 7352

Collins 7352

Unverified

United Arab Emirates

I was scammed in binance platform $7000 for paying goods that doesn't exist. from a binance user and after l contacted binance to report the scammed, binance replied to that they don't know. please l have all the proofs details in a zip file which l need to upload here. please help me out concerning this issue. I can't do my business anymore because all my capital has been stolen in the form of cryptocurrency.

Exposure

4
Verified Site
About Us
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Official Website

Verified Site

  • tradebiance.com
    8.39.235.63
    Server Location
    United States United States
    ICP Registration No.
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    Top Visitor Locations
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    Creation Date
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    Website Name
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    Company
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Company Profile

Company Profile

Review summary

Note: TRADE BINANCE's official website - https://tradebiance.com/ is currently inaccessible normally.

TRADE BINANCE Review Summary
Founded2023
Registered Country/RegionUnited Kingdom
RegulationNo Regulation
Market InstrumentsCryptocurrencies, Forex
Demo Account/
LeverageUp to 1:150
Spread/
Trading PlatformBinance Exchange
Min Deposit$1 000
Customer SupportEmail: support@tradebiance.com

Founded in 2023 and headquartered in the United Kingdom, TRADE BINANCE is an unregulated broker offering a tiered selection of accounts (Silver, Gold, and Premium), featuring different leverage, spreads, and minimum deposit requirements, beginning at $1,000. TRADE BINANCE extends leverage up to 1:150 and offers variable spreads that are tailored to the account type chosen by the trader. It provides the Binance Exchange trading platform.

TRADE BINANCE's homepage

Pros and Cons

Pros Cons
Flexible leverage ratiosNon-functional website
Popular payment optionsNo regulation
Limited tradable asset classes
No MT4/5
High minimum deposit
Only email support

Is TRADE BINANCE Legit?

At present, TRADE BINANCE lacks valid regulation. Our advice for you is to look for other regulated brokers with functional websites.

No license

What Can I Trade on TRADE BINANCE?

Tradable Instruments Supported
Forex
Cryptocurrencies
Commodities
Indices
Stocks
Bonds
Options
ETFs

Account Type

Account TypeMin Deposit
SILVER $1 000
GOLD$2 500
PREMIUM $3 500
Account comparison

Leverage

The maximum leverage is 150:1, not very high actually. Lower leverage is safer to some extent because leverage can amplify both profits and losses.

Account TypeMax Leverage
SILVER 5:1
GOLD125:1
PREMIUM 150:1

Spread and Commission

Account TypeSpreadCommission
SILVER Variable0.1%
GOLD0.04%
PREMIUM 0.02%

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Binance Exchange Mobile, webExperienced traders
MT4/Beginners
MT5/Experienced traders

Deposit and Withdrawal

TRADE BINANCE provides several payments like bank transfers, credit or debit cards, and other third-party payment processors. Moreover, depending on regional availability, e-wallets or cryptocurrency deposits may also be supported for account funding.

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

How is the fund security of TRADE BINANCE evaluated?

WikiFX data indicates TRADE BINANCE exhibits an exceptionally low overall score of 1.39, which reflects a substantial deficit in the critical metrics used to assess operational security. Its fund security environment is considered highly compromised, primarily due to a complete absence of formal regulatory oversight. There is no credible supervisory body to enforce client fund segregation or provide compensation schemes. Details regarding account protection measures are not publicly disclosed.

04-02
United States

What is the current regulatory status of TRADE BINANCE?

TRADE BINANCE operates without any valid, mainstream financial regulatory licenses. Registered in the United Kingdom, the firm is not authorized by the Financial Conduct Authority (FCA) nor any other recognized global regulator. According to its WikiFX profile, its regulatory index score is zero, confirming a complete lack of credible oversight for its claimed 2 to 5 years of operation.

04-02
United States

What is the official website of TRADE BINANCE?

An official corporate website for TRADE BINANCE is not currently listed in public disclosures. The lack of a publicly accessible and transparent digital presence is consistent with its unverified operational status and contributes to the entity's overall risk profile.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com