Read our Binetrix review to see if we recommend this broker for trading. Just to clear doubts, this is a binetrix.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Binetrix is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Binetrix in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Binetrix Review Conclusions
Making the Binetrix review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Binetrix review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
It exactly happened to me what you’re telling.
It is the biggest SCAM. They use the exact tactics of the movie “The Wolf of Wallstreet”. I hope they will choke in our money. They can act very as well. The CFO called me after losing all the money. It was the same person calling his Eric. While the resistent agent called himself Marko. You lose all your money and they let the CFo call you for a solution. While it’s the same person. He asks again money. Believe it or not. At the back the co-workers were clapping as in the movie. I will make a complaint at the autorities.
(5/5)
Muka avata pankkitili että voi siirtää sinne voitot ja sen sijaan Myyjä sieppaa tililtä rahat eikä suinkaan luonut yhteyksiä. Olen ilmoittanut moneen kertaan että haluan lopettaa ja että he palauttaisi rahat. Eivät ole suostuneet. Ja väittävät vain että kahden päivän kuluttua on muka kauheat tappiot. Se taasen ei voi olla totta.
(2/5)
It has happened to me as well with these scammers from Binetrix. I found advertisement on face book, It was something about Elon Musk platform to make money. The platform supposed to be like automatic site for trading, where you just pay €250 and get some profit from trading made by computer. So, I left my details and just after 5 min someone has called me with this offer. The company name was Professor Pips. I agreed to pay initial deposit and I thought that this are all my expenses and I will see what about is this automatic trading platform.
In the next hour I had the call from Someone from Binetrix, somehow Professor Pip became Binetrix and I started with them. I got an agent Eric Jones and he started doing some trades with me. Offcourse this platform was not an automatic, my agent was just telling me everything what to do and pressing me all the time to invest more money. He offered me many kinds of bonuses and was doing some kind of tricks which made me money. In the meantime I had as well some lost trades, but I was very optimistic. Eric was trying even to convince me to take the loan of £5000 and offered £10000 bonus. Fortunately I couldn’t do that. The more money I was adding the more I was spending on trades which completely didn’t work. This company can do a lot of tricks, they can adjust course of crypto on their own website, they can do short shots which makes couple of hundreds dollars in seconds and they can destroy your finance in less than one day. The more money you put in and the more money you trade the worse trap you are.
When I decided not to invest any more and get some money back I understood in what kind of trap I was. They allowed me for 2 small withdrawals, and when they noticed that I can’t invest any more they just made some tricks on their platform and all my trades were lost. Just before I lost all my money, someone called himself personal mentor offered me help to keep alive my trades, but I had to pay another £500 to which they would add their £500 and I wouldn’t loose everything so quick. They are scammers, fraudsters and thieves. No chance to make any money on Binetrix because they can use all their tricks to make you trust them and after destroying yourself financially. They making money only when you loose. This is how Binetrix works, they thieves.
(1/5)
I have fallen for their lies too, they are very convincing and always have the shield of ‘the markets are volatile and no way to predict them’ I didn’t lose all of my money because i manually closed some open trades that seemed to go through the floor when i told them i didn’t want to trade anymore, i still have 2000 dollars trapped with them, they are ignoring my requests to withdraw. The agent i was assigned to was Arman, very nice, very clever and funny & very convincing… until I didn’t want to invest any more. He would call me every day, call me stupid for not investing more, he got loud and irate when I questioned their legitimacy. His boss called, same thing, calling me stupid for not investing, telling me how offended they were when I said I think they’re scamming me. No further forward with my money, chat facility is now turned off on Binetrix. Scam artists + scum bags. Don’t fall for it.
(1/5)
Same things happened to me, I can relate to all of the reports. I had made a profit they were supposed to be looking after my account for me, They left it and all my money was lost. They said if I put 2000 dollars in they would put 4000 dollars in. They will try to get blood out of a stone.
Sadly, I too have been the victim of this company. After paying in some seed money, they tried to persuade me to increase my capital “invested”. I resisted and tried a small withdrawal to test their procedures. They kept making up excuses why the money had not arrived, even though they said that it had been authorised. The trading profits that I had made in the first few days seemed genuine (if the company had indeed placed the trades, which I doubt), as I mirrored the trades on a different site. After that, though, the profits were inexplicable as the prices I supposedly closed at were not realisable.
(1/5)
Binetrix.com are liars and THEIVES
They use what I would describe as a “ghost platform”. which they have total control over they will lie saying the haven’t but the “scalping trades” they perform are impossible in a real life situation Which I learned too late to my cost of £11000 GBP
(1/5)
Binetrix runs extremely sophisticated scam operations executed by very skilled con artists, its brokers. My agent, who introduced himself as Eric Jovan, is a great actor excelling in all sorts of emotional manipulation. The centerpiece of their operation is an online interface that looks like any other crypto trading interface but is completely rigged because it is fully controlled by the agents. Beware of the “high frequency signal” method – in this elaborate scam they tell you that they have some insider information that allows you to buy crypto and sell it within seconds with gigantic profit, easily several thousands on one operation. This is meant to show you how easily they can make enormous profit, however, to be eligible for this scheme you need to invest more and more money. Then there comes the checkmate, the agent makes you believe that you just made a mistake operating their online tool and lost all your money as well as the company money that was so generously given to you as a bonus. The only way to save the situation – they tell you – is to invest a lot more, indeed you saw yourself how quickly they can build up your money with their high frequency signals. Except, this will never happen. If you invested more money – this will be also lost in another “online error”, supposedly, of your own doing. They will try to convince you that you bought wrong crypto, not the one that the agent told you, or that your internet connection dropped right at the most important moment. In other words, psychological manipulation is a complex mix of playing on your greed and sense of responsibility. The effect is the same – you inevitably lose all your investment. You cannot withdraw any money at any time because this is controlled by the agents. Financial conduct authority (FCA) is aware of this.
(1/5)
I too have been conned by these people. I am still fighting for my money back The amount of calls i get a day is driving me mad. No matter how you try to block them there is always another number.
(1/5)