Abstract：Have you witnessed the automatic disappearance of forex trading positions on the Binary.com platform? Did you fail to receive withdrawals despite paying a fee as asked by the broker official? Were you denied fund withdrawals the moment you earned profits? Did you face a sudden fund loss on the Binary.com login? Many traders have reported these trading issues on review platforms such as WikiFX, a trusted app for forex regulation inquiries. We have investigated these complaints in this Binary.com article. Read on as we share details.
Have you witnessed the automatic disappearance of forex trading positions on the Binary.com platform? Did you fail to receive withdrawals despite paying a fee as asked by the broker official? Were you denied fund withdrawals the moment you earned profits? Did you face a sudden fund loss on the Binary.com login? Many traders have reported these trading issues on review platforms such as WikiFX, a trusted app for forex regulation inquiries. We have investigated these complaints in this Binary.com article. Read on as we share details.
Top Forex Trading Complaints Against Binary.com
Trade Disappearance from the Trading Platform
Several traders have reported an unusual incident of trades disappearing from the brokers trading platform. According to a trader, this seems like a tactic employed by Binary.com to earn profits and pay less to its clients. Here is that stunning revelation.
Sudden Appearance of Open Positions on the Binary.com Platform
An Indonesia-based trader made a startling revelation by claiming that, while trading, as many as 200 open positions appeared on the Binary.com platform within a second. The trader reported the incident to the broker, who claimed that the incident was due to EA. However, according to the trader, the EA used by him can only close positions. Disappointed by the overall trading experience, the trader left a negative Binary.com review online.
Fund Scams & No Solution from Binary.com
A trader announced having lost a huge amount of capital from the Binary.com platform. The worst part was the lack of a proper response from the broker on this critical trading issue. According to the trader, many of its clients have been affected by this. Left disappointed by the overall experience, the trader shared this Binary.com review.
Withdrawals Not Processed Despite Fee Payment
Several traders have complained about the brokers official demand for a fee for fund release. However, traders fail to receive withdrawals in real time. In one case, A South African trader who admitted having invested R3000 initially was asked to deposit R7000 as a topup amount by the broker official. As the trader requested withdrawals, the official demanded a R5000 fee and asked for banking app logins to link accounts for profit withdrawals. However, no withdrawals were possible; instead, the Binary.com official stole funds worth R12,000 and disappeared, the trader alleged. Here are two similar complaints that put the broker under the scanner.
Withdrawal Blocked After Bonus Dispute
A trader reported that Bitnary.org is operating as a scam by blocking withdrawals of initial deposits and earned profits. After investing in the platform, the trader was offered a bonus. The trader, however, declined it due to affordability concerns and requested to continue trading without it. Despite being assured that withdrawals would still be possible, all withdrawal attempts were later blocked.
When contacting customer support, the platform claimed the funds had “matured” and demanded an additional payment before allowing any withdrawal. The trader complained that this demand was never disclosed upfront and believes it is being used as an excuse to withhold funds. The screenshot below perfectly captures the essence of the complaint.
Binary.com Review by WikiFX: Investigating the Brokers Regulatory Status
After reading the complaints, you must be wondering - Is Binary.com real or fake? Expectedly, the United Kingdom-based forex broker is found to be unregulated despite being in the business for more than five years. As a result, the WikiFX team gave the broker a score of 1.60 out of 10.
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