Global Broker Regulation Inquiry App
WikiFX
Mohammed Mazhar 
1-2 years
What are the cons of using Binany?
Broker Issues
Regulation
07-10
United States
WikiFX
Reply
The biggest downside for me is that Binany is unregulated. Additionally, there’s limited info about their fee structure and trading conditions, which makes it hard to assess the true costs. From the Binany reviews, it seems that some traders are also concerned about their unclear withdrawal process.
Similar Questions
Is NGG overseen by any financial regulators, and if so, which authorities are responsible for their regulation?
Tom Nalichowski
07-25
Is Zenstox regulated?
Tricia54
06-07
Is GMZ Global safe to trade with?
Thanh Thao
04-24
Is Connext Forex a regulated broker?
Davis Wu
07-27
What key risks or drawbacks should I consider before choosing GF Securities (Hong Kong)?
Дмитрий
09-03