In this article, we will explain what is Binatex and why it lost its credibility among traders of Binary Options. Read this before any deposit!
Currently, I do not recommend Binatex, Learn Why.
Binatex was a broker that appeared in 2015 and was able to be one of the good brokers, but in 2019 it started to work bad.
Today, the broker simply does not have any support or communication with customers and partners.
On the official Facebook page of Binatex, there are no publications since the end of 2018 or responses to customers: Facebook page
For this reason, I do not recommend Binatex, my recommendation if you want to open an account on a trading platform, do it with a trustworthy one such as IQ Option.
IQ Option has a better platform, better regulation, and more products to trade.
Another better option would be the Olymp Trade.
Here’s how we summarize Binatex
|Broker||Binatex | www.binatex.com|
|FMRRC – License 0395|
Seychelles – License 191592
|FMRRC – License 0395|
Seychelles – License 191592
|Support Types||Email, Phone call|
|Platform||Binatex Platform (Web, Windows, iOS, Android)|
|Platform Available on||Mobile, Tablet, Desktop|
|Minimum Deposit||10 USD|
|Minimum Trade||1 USD|
|Account Types||Demo, Standard, VIP|
|Deposit Methods||Visa, MasterCard, Neteller and Bitcoin|
|Withdrawal Methods||Visa, MasterCard, Neteller and Bitcoin|
|Expiry Times||30 and 60 seconds, 5, 30 and 60 minutes, 4 and 24 hours|
|Options Types||Binary Options Turbo and Standard|
|Number of Assets||Forex – 14, Stocks – 9 = TOTAL 23 Assets|
|Free Demo Account||✅|
|Languages||English, Deutsch, Español, Français, and other 26 languages|
|Deposit Bonus||✅ Up to 100%|
|Account Opening||OPEN A FREE ACCOUNT|
How does Binatex work?
You must first create an account with Binatex. It is simple and free. Then choose the products you want to trade. Ideally, use one of the courses out there to stay prepared. Practice on the demo account until you’re prepared to make a profit.
Is Binatex trustworthy?
Its regulation is far from the best one. Even it is not a scam, it does not offer the clients the same kind of regulation as other brokers do.
How to use the Binatex platform?
It’s very simple. Once you create a free account, you can trade directly on your server, without having to download or install anything. You only need an internet connection. In the platform, you must choose the asset, the amount you want to bet and indicate if the price goes up or down.
How to make money with Binatex?
Learn to trade with a course. Then practice on the demo account until you get consistent results. Then you will need to work seriously, with discipline and you will have positive results.
Tips from our Professional Trader: 6 reasons to have 2 accounts
Do you know that you should work with more than 1 broker?
Check the 6 reasons why you should have account with at least 2 brokers:
- Each platform has its differences. If you try different platforms you may find those more suitable to your trading style.
- Each broker has his own payouts that keep changing during the day. If you want to open a trade and one offers 60% and the other 80%, you will choose the one with best payout, no?
- Sometimes the brokers close some assets, if you have just one account and you want to trade on that asset and it is closed, you will LOSE that trade, no?
- If there is an issue with your Broker’s platform, or they are updating it you’re not able to trade, unless you have another account with other broker.
- Deposits and withdraws. Brokers keep changing the deposit and withdraw methods, imagine you need cash fast and your withdraw system is closed at that moment on your broker, what do you do?
- Each platform has its owns indicators and trading tools, imagine you found a new stratey and it does not work on your broker because it uses an indicator that your broker does not offer.
Below you can find our main trader suggestions on brokers:
What are the best strategies for Binatex?
There is no perfect strategy that never fails. There are several (see here several examples) that well used, allow you to obtain good profits. You should always learn how the strategy truly works and respect its rules when using any strategy.
Read the complete and updated review of Binatex below. Know your advantages and disadvantages.
Binatex is a broker that emerged in 2015 and its owned by Yulanta Business Ltd. Its payments are handled by Binatexia Limited, a company based in Cyprus with registration HE368207. In addition to the central offices in Seychelles, the company has an address in Hungary, in what appears to be one of the offices in Europe.
After many of the brokers disappeared from the market in 2017, Binatex was one of the remaining ones and won a worldwide projection. Now its one of the world’s leading brokers and is present in more than 70 countries.
Binatex has won some international awards including best support, customer choice, and best platform.
The broker does not have any regulations in Europe, although, on the site, it is stated that it has an ongoing MiFID regulation process.
The license it uses is from Seychelles under the number: 191592. See here the License.
There is also another regulation present on the website of the broker for the FMRRC which is the Russian regulator. See the License.
Registration and Log in at Binatex
It is very easy to register at Binatex. Simply fill out the registration form with an email to open a demo account to train and get to know the platform. You do not even have to put your cell phone, which prevents them to keep calling you and asking to deposit, as sometimes happens.
It is very simple to register:
1. Write your email
2. Receive a confirmation link in your email
3. Receive a password (which will then be sent by email)
This is what you need to sign up for a free demo account.
The Binatex platform was developed by the Broker itself.
It is possibly one of the simplest platforms to use that exists in the market.
Because the broker does not offer other products other than Binary Options, the platform is simple, practical and light.
It was developed for those who are starting, or for those who like simple and clear platforms without big bells and whistles.
As a platform developed by Binatex, the design and operation of the platform are unique.
Negotiation can be done on the web platform that works directly on your browser without having to download any software.
Binatex also offers apps for Android and iOS phones.
Download several very useful and completely Free Files: ACCESS FREE MATERIAL
Another advantage that Binatex offers is the possibility that we can negotiate during the weekend when the markets are closed. Weekend operations are possible because the broker has an asset that is Criptoindex, which is a crypto-currency index that works 24/7.
In terms of simplicity, graphics, and operation, it really is the one I like the most, after the IQ Option.
Some of the features of the platform, such as access to professional indicators, only become active in the real account. That means that just after a deposit, can we have access to the full potential of the platform.
According to information on the platform, the price quotations are provided by Bloomberg (one of the most distinguished in the world).
Binatex Learning Tools
Binatex offers several video tutorials that help beginners as well as some articles and strategies.
To access you just have to open a Demo account.
This broker offers a free Demo account to train with USD 10,000.
Learning tools are not enough to get the knowledge you need to profit consistently.
For this, you must do one of my Binary Options courses. I have sponsored courses (for those who open a real Binatex account using our links).
Read information about the Binary Options Courses sponsored HERE.
Download Free Material
We are offering free material to help you to trade Binary Options.
Binatex offers several deposit bonuses ranging from 20% to 80%.
The Bonus percentage will vary depending on the amount deposited and the type of account you have.
At the time of deposit, you can choose whether to accept or not to accept the Bonuses.
Note that when accepting bonuses you must make a trading volume equivalent to 25 times the amount of the bonus offered.
Example: Imagine that you deposit $ 100 and receive a $ 20 Bonus. The volume you have to make to be able to withdraw the profits is 25 x 20USD = 500 USD of negotiations.
It does not matter if the negotiations were wins or losses, for Binatex, what counts is the total value of the negotiations made.
Only after this volume of negotiations can you make withdrawals of your profits.
The value offered on the bonuses cannot be withdrawn. They serve only to leverage the account.
Leveraging the account means that by trading at more value you can place bets with higher values and thus earn more money.
Types of Binatex Accounts
- The demo account is a free demonstrative account in which we have a virtual sum of 10,000 USD to train.
- The training account is a good tool to try and test the platform without risking losing real money.
- The demo account should not be used as a basis for gains in a real account since there are differences between this account and a real account.
- The account is 10,000 USD virtual and can be recharged.
- The demo account is always active and we can always train on it, even after depositing into the real account.
- No deposit is required to use the demo account.
Demo accounts are only useful to know the platform or test a strategy to understand its operation.
The demo account and the real account are not the same, even if the broker or some people say they are.
Demo accounts always present a delay in prices since the transactions are dealt with ‘fake money’ do not enter the market.
And this delay works in the customer’s favor. For this reason, it earns much more easily in the demo than in the real one.
It is not a coincidence that we see many videos of “traders” making thousands a day and selling their strategies in a demo account. Then on the real account, we never get the same results from their videos.
The real account is when you make the first deposit.
- The minimum amount of deposit in the real account is 10 USD.
- The minimum transaction amount on the real account is $ 1.
- There are several methods to deposit and it is fast.
- Withdraws are fast and usually by the same method used in the deposit.
The broker has some material to teach, but in order to succeed, you must take a good course of Binary Options.
See our courses for Binatex. MORE INFO HERE
The deposit bonus goes up to 70%.
After depositing for the first time will unlock some indicators on the platform that were not available in the demo account.
By depositing you will also have access to signals that Binatex offers.
The real account also entitles you to participate in the tournaments that the brokerage organizes.
The VIP account is a real account where the client has deposited a minimum value of 300 $.
The VIP account offers:
1. Higher percentage profit in operations (+ 5%), thus obtaining a higher profit in its winning operations.
2. Upper ceilings in negotiations and withdrawals.
3. A broker’s personal assistant for more effective support.
4. Priority in withdrawals, making withdrawals faster.
5. A higher quantity of simultaneous operations.
6. 80% deposit bonus.
How to deposit in Binatex?
The methods for depositing with Binatex are as follows:
The deposit usually takes a few minutes. Sometimes the Neteller system for security reasons may take a few hours to approve the deposit.
Watch the video about Binatex: SEE VIDEO
How to make withdrawals at Binatex?
The withdrawal time is usually 3 working days.
Depending on the account type and the survey methods, it may take less, up to 1 day.
Binatex does not charge commissions or fees on deposits or withdrawals.
Because of the broker’s regulations, you must verify your account in order to make withdrawals.
Copies of identification and proof of address are requested.
Withdrawals are done by the same method used in the deposit.
In case you have deposited by credit card you must make withdrawals for the same card up to an amount equal to the deposit.
The remaining profits should be withdrawn into your bank account.
Advantages and Disadvantages of Binatex
Binatex is a broker with a simple way to operate, with a good platform and low deposits, ideal for those who want to start.
10 Reasons to choose Binatex:
- A minimum deposit of 10 $.
- Minimum trade of only $ 1. Ideal for who starts in Binary Options.
- Free Demo Account with $ 10,000.
- Lightweight, simple and fast platform.
- Offers bonuses and tournaments.
- VIP account from $ 300 with several advantages.
- System of levels. As you go on trading, you increase in level (from 1 to 10). The higher your level, the greater the advantages.
- Refund of negative transactions. When you lose, a portion of the amount you have lost you can return to your account.
- Diverse statistics that help you to better analyze your results.
- It operates in Europe. Today there are very few brokers that can operate in Europe after the changes to the regulations for online trading (Binary Options, Forex, and CFDs) that happened in 2018.
5 Reasons not to choose Binatex:
- Little variety in assets.
- Limitation on binary options contracts for trading.
- Great variation on payouts (profits offered).
- Lack of regulation in Europe (in the process for MiFID).
- The platform and the site are mistranslated, there are errors in some languages.
Here’s how we summarize Binatex
- Binatex may be the choice for those who want to start operating.
- The platform it offers is one of the reasons to choose this broker.
- Low deposits starting at $ 10.
- Negotiations starting at $ 1.
- It offers a Free demo account with $ 10,000.
It is one of the few Binary Options brokerage firms still operating in Europe after most have left on issues related to European regulations.