Binany is a platform for trading binary options, launched in 2018, with an average rating of 4.3 stars in online reviews. The total number of clients in 2023 surpassed 3.9 million people, with over 2.4 million transactions per day. Judging by the supported languages, the company is targeted at regions in Asia, Africa, and South America, but it does not possess any licenses. The user agreement specifies two jurisdictions where the broker is located: the Seychelles and Cyprus. Yet, can one trust a firm that offers a return of 90% on a single transaction?
How to Trade
Binany offers a very simple trading process. After depositing funds, the following steps are to be taken:
- Choose the asset class. There are 4 types in total.
- Choose the size of the trade. The potential return is 90% if the trade is successful. The minimum volume is $1.
- Specify the direction of the price (up or down).
- Set the expiration time, from 15 seconds onwards.
The minimum deposit is $5, and transfers can be made through many electronic systems, for example, Neteller, Skrill, PayPal, Perfect Money, and others. In addition, Binany offers to try out the service for free on a demo account and earn additional income through an affiliate program.
Binany Vital Info
The broker boasts impressive statistics on its website. It claims the platform started operating back in 2018, and now it has millions of traders and just as many daily transactions. However, there are significant doubts here, especially regarding the multimillion audience. Why then are there so few online reviews? If there really were 4 million clients trading here, the internet search results would be filled with mentions of Binany. Moreover, the domain for the site was only created in 2019, not in 2018.
The firm lists the legal entity Crypex IT ltd, but a specific legal address is missing, although the jurisdictions of the Seychelles and Cyprus are mentioned in the user agreement. Neither CySEC nor the SFSA know of Binany’s existence, meaning the firm has no license.
The scammers are swindling money from African and Asian citizens. Sadly, but it is true. If you want to earn money on binary options, you need to steer clear of BINANY. This platform is for crooks and scammers. They hide their names. The broker is 100% anonymous. Moreover, now the platform has completely turned into an outright scam. Look, their account is not even active on Telegram. Nothing is happening on Instagram now either. The scammers have abandoned the platform, but continue to collect money from trusting traders who do not understand where they are investing. BINANY IS OVER, IT'S A SCAM!
There is no point in cooperating with binany.com because this organization consists of scammers and fraudsters. The organization is not so well-known, hence its fraudulent activities are not as effectively disseminated on the internet. The broker quietly scams people, deceives them for money, and manipulates quotes so that traders only incur losses.
The broker is offshore, without guarantees, so the platform here is fake, as is all the trading. There is nothing genuine here. I advise against tempting fate; it's not worth the risk, and it's better not to deal with binary options at all.
Look for another broker, and forget about Binany. Illegal activities, refusals to withdraw money, manipulations, fake charts, telephone scammers – all this is about this fraudulent organization. Offshore, dirty, illegal company!
I can also confirm that currently, the company Binany is refusing to communicate and is not processing my own money for withdrawal. I invested $1,000 here. I lost $200 due to unfavorable and fake quotes, and I want to withdraw the remaining $800. But the fraudsters won't let me do that.
The withdrawal of funds DOES NOT WORK! Please spread truthful information about the scammers! Traders must know about the scam company. I deeply regret my loss.
The trading conditions here are terrible... a yield of up to 90% is nonsense because in reality, the yield is consistently below 70-80%... very rarely is it above 80% and even more so 90%... I don't know who they want to deceive with this, but the fact remains...
I still can't withdraw money from here. The scammers owe me $500. I've been waiting for more than half a year for them to process my withdrawal request. But the fraudsters don't respond to me, they don't want to return the money. You need to know this!
Do not read reviews on their website binany.com, and do not read positive reviews on the internet, because these reviews are fake and purchased. Criminals are willing to spend money on black marketing to further and more actively deceive trusting traders for money. Binany are scammers who steal people's money by promising them riches and lots of money on binary options.
I learned about Binany on Instagram. I was very interested in this topic. Plus, I read a lot of positive comments on the internet, and the company's average rating is above 4 points. It's been a week since I started trading on the platform. Registration is very fast and simple, you still need to provide documents for KYC.
I first tried the demo, then moved on to a real account. I "successfully" lost my first deposit of $20 due to my own stupidity. I also lost the second deposit of $50. Now I'm trading with a deposit of $200. It seems to be going well. There's still a lot to learn, but it seems I'm starting to get the hang of it. I wouldn't say it's the best broker and that it's easy to trade here, but you can make money. I know experienced traders who earn more than $2000 a month with binary options. That's what I'm aiming for.
In 2021, I traded here. I can't say it was the best time of my trading career, but I can't speak of anything bad or horrible either. Binany is a typical platform for trading binary options. Nothing extraordinary, super profitable, or the like. The minimum conditions here are very favorable, with a deposit from 5 dollars and trades from 1 dollar. It's ideal for beginners. Besides, you can first try your hand on a demo account and then invest real money. The demo is provided for free for any duration. Personally, I finished with binary options and moved on to trade forex. But for those who want to trade exactly this type of instrument, Binany can be a good partner. In any case, I had no problems. The withdrawal of funds went well, the platform is standard. For ordinary work in the binary options market, the platform is suitable.
Binary options are worse than gambling. Therefore, anonymous rogues promote their platform called binany because they understand perfectly well that it is impossible to earn here. You will always be at a loss because that's how the system is designed. Even if you manage to earn money here, you will not be able to withdraw it to your wallet because the fraudsters will come up with a reason why you cannot withdraw money.
There are positive reviews about Binany, but I am concerned about the offshore registration, especially since a specific address is not indicated anywhere on the site. In addition, it is important to know – the broker does not have a license. The financial commission does not monitor to ensure that the company plays fairly with its clients. So, at any moment you may encounter manipulations, but perhaps this has not yet been noticed in Binany. They have been in operation for several years, but they are definitely lying about millions of traders and millions of transactions. In reality, things are much more modest. I don't know why they lie so openly and blatantly, as it is easy to understand. So, I have mixed opinion about the company. There are both positive and negative points. I would rate it 3 out of 5 stars.
Let me tell you a bit about Binany. First, it's an offshore broker. An offshore broker is not the best place for trading. It's a high risk because such companies often turn out to be fraudulent. Second, Binany does not have a license. It is important to understand and realize. An unregulated firm can do whatever it wants with your money and account. I wouldn't take on such a huge risk myself. Third, such a lot of positive reviews are definitely fake. Most likely, the company's management is involved in buying positive reviews about their activities. It is evident at a glance. Fourth, binary options are evil. Your winnings are less than your losses. This leads to a negative mathematical expectation, meaning the probability of successful earning over the long term tends towards zero. I cannot recommend trading here.