Fxbinarytrading withdrawal issues www.fxbinarytrading.com

By Dumisani Mthombothi, from South Africa, March 1, 2021 at 07:37 AM

Good day, can you please assist with a verification of this platform. I have invested money through them and when its time to withdraw, then the investment is lock and they require more money to to upgrade the package before withdrawal.

  • Fxbinarytrading Withdrawal Issues
Answer: Hi Dumisani Mthombothi,

FX Binary Trading claims to be one of the leading trading platforms in the United States, Australia and the United Kingdom, offering binary options, Forex and spreads. However, there are some discrepancies on the website and false regulatory claims. Despite the claims of being regulated in the United States and Australia, FX Binary Trading is, in fact, not regulated by any authority. According to the website, the broker has licences from IFSC of UK, as well as the Cyprus Securities and Exchange Commission, and the Financial Conduct Authority of the USA. However, we couldn’t find any information about its regulation. Moreover, there is NO such regulator as the Financial Conduct Authority in the USA. The lack of information (or false information) about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams.

Unfortunately, there is a small chance of getting your investment back, as this broker is not regulated and doesn’t protect client’s funds. You can report about this issue to your local financial regulator.

 

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