Binance opinions: member reviews
If there is one way to tell whether an online investment system is reliable or not, it is certainly the opinion of those who have tried it. To be fair, experience in the field is the absolute best weapon for trading profitably. Such a statement, however, can be a double-edged sword, as one can find so many reviews on the web about Binance, as if millions of users frequent this platform. The user is thus led to trust what he reads. But is this really the case? Indeed, wandering around the web, it seems difficult, on the contrary, to find a truly reliable Binance guide explaining how this software for investing works.
The purpose of the guide you are reading is to understand how Binance works in reality and evaluate possible alternatives. As previously mentioned, in online investing experience in the field is the first criterion for evaluating, then creating one’s strategy with one’s tools and chosen resources. To assess whether Binance is a scam or not and to understand its investment mechanisms, I wanted to test the system myself. So, I signed up with Binance and got to see with my own eyes what I already thought and what should be clear to everyone: miracles do not exist; easy money does not exist; but above all, opening a trading account with Binance is NOT the best choice.
As a professional in the online investment business for more than 10 years, I can state that to start investing, you cannot rely on platforms with certain criticalities that I will explain right away.
How reliable is Binance?
The initial advice any trading guru would give you is straightforward: always and only invest through regulated platforms. I do not claim that Binance is a scam or the other way around. However, online trading is regulated by specific legislation requiring trading platforms to indicate the operating licences they hold on their site. This is the transparency obligation to which regulated, licensed and monitored companies are subjected by stock exchange supervisory bodies.
On Binance’s home page, there is no trace of CySec licence. The brand belongs to a company that is also based in Cayman Islands that is a famous tax haven country!Going to the other sections of the site, we talk about anti-money laundering policy, i.e. the legislation that Binance, as a company, claims to follow. But the real crux, for online trading platforms, is monitoring. Who monitors Binance? It is not monitored by anyone! The lack of a declared licence on the home page is something that should put off a trader looking for professional and reliable tools to invest.
Who is behind Binance?
Also, on the platform’s website, the names and surnames of the company executives are not specified. As mentioned, I registered with Binance, and as a first action, I contacted customer support to get more information. I received a very late reply, and I was invited to consult a section of the site, even though I had requested other information. Anyway, I deposited a small budget intending to try to invest on this exchange.
Fees are much higher than stated. Assets prices are often not in line with real market prices. Also, for some reason, when you request a withdrawal, you can never withdraw all your funds. The platform also offers an ‘Academy’, which, however, turns out to be nothing more than a blog with simple information guides that can also be found elsewhere, even more detailed. And again, there is no PayPal option among the payment methods, which is currently the safest way to transfer money online.
All these elements are already enough to say that Binance is NOT a platform recommended for beginners. Even less so for professionals. Perhaps in the future, after a few years of experience and after obtaining a valuable operating licence, the platform may enter the circle of the best systems for trading. Under current conditions, I do not recommend its use.
15 Comments
In fact, I have been trading with CapexBroker for 3 weeks now and I am very happy with this platform. Your personal assistant follows you step by step.
After signing up, a very friendly operator immediately called me and explained the details of the platform very clearly. Ah, I must say that of all the platforms used this is the fastest.
Binance is a disaster compared to FXGM. I have been trading on FXGM for 1 year and used Binance before. There is no comparison in customer support, in the simplicity of the platform and the signals they offer allow you to win 9 times out of 10. FXGM 3 – Binance 0
The investment signals that CapexBroker sends you are very valid. I made a profit 8 times out of 10.
My advice is that you answer the phone call you receive once registered: the dedicated personal assistant explains everything about the platform, the deposit and withdrawal methods and some very interesting tricks to make investments that make you earn a lot too.
Thank you very much for this review: I chose CapexBroker and I like it very much. The platform is fast, they respond immediately to support requests with great courtesy, and the trading signals are really good.
I tried many trading platforms but finally found the right one for me. CapexBroker has no hidden commissions, it has impeccable support and those few commissions that are there are really very low. I have tried at least ten platforms but I give CapexBroker 8/10 as a vote!
Thanks to CapexBroker advisors I already made $2000 in the first week. They give you very good advice and above all they respond immediately and always to any of your questions.
Excellent, I had heard about CapexBroker but never found such a detailed explanation about it
I started investing with CapexBroker, for now only $200 and, to my great surprise, I’m already at $250, in 2 days! Sure it’s not much, but knowing you’re earning by doing nothing is reassuring! THANK YOU
Hello, first of all thanks for the explanations. For someone like me who has no knowledge on the subject, having someone explain the subject is a great help.
I think it’s important, once you join, that you answer the personal advisor’s call. My CapexBroker’s advisor immediately explained to me how the platform works in detail and also gave me some tips.
Thank you CapexBroker! In a month I doubled my invested capital
CapexBroker is really serious as a platform. They don’t steal your money and they don’t bother you to withdraw. With all the other platforms I always had problems with withdrawing (signing this, sending a photocopy of this, the document is unreadable and more). The investment signals are really good and they already tripled the minimum deposit in the first week. Obviously to test the seriousness of the broker, after making the profit I immediately requested a withdrawal and it came in less than 48 hours. I highly recommend CapexBroker. Thanks for the review!
Thank you very much for recommending this broker. CapexBroker’s platform is very valid.