Full Review of the Binance Global Broker

Binance Global claims to be a broker with a full package of licenses and documents that guarantee its fair and legal activities.

It is the lack of documents allowing brokerage activity that dishonorable companies most often “sin”. They either, having a license in only one country, extend their activities to other countries. Or they do not have any documents at all, being ordinary online scams.

Therefore, statements about the availability of documents are a very compelling reason to start working with a broker and open an account with Binance Global.

But is Binance Global really a licensed intermediary in the investment market, or is it just another scam?

Binance Global Overview

The Binance Global broker positions itself not just as an online exchange, but as an entire ecosystem that contributes to the learning and development of each of its clients.

The company has allegedly been on the market for 4 years, during which it managed to achieve fairly solid performance indicators.

The binglobal.io website lists such advantages of cooperation with this broker as:

• very fast registration on the platform;
• trader support by experienced specialists;
• fast execution of orders - less than 1 second;
• availability to the trader of advanced tools for trading on the stock exchange.

It should be noted that information about the company on the resource will not work. Who is its founder is not specified. Although organizations that care about their reputation publish information about the management team, the team, and the main stages of development on their websites.

This allows you to create a positive image of the company and make it more personalized. After all, a client who has visited the resource will see that the company employs real people who can be useful to him in terms of personal development.

Checking the domain name showed that it was registered only in April 2023, that is, the project is only a few months old at the time of writing this review.

Thus, based on the fact that in the modern world a company cannot exist without a website, especially if it trades on the stock exchange, it turns out that information about the age of a broker is a lie.

Terms of trade

In terms of trading conditions, Binance Global offers registration on a unique trading platform of its kind, which supposedly features functionality and a large selection of tools - TradingView.

This is a social network platform with 8 million registered traders from all over the world.

It is worth noting that a whole section on the broker's website is dedicated to the advantages of this platform.

But the fact that it is the most popular in the world among investors is a clear exaggeration, because professional traders definitely work on other platforms.

Regarding the types of accounts, the broker offers a choice of 3 types of accounts.

The minimum deposit amount is only $150.

A small entry threshold shows that the broker is interested in beginners who don’t know much about trading and can easily believe what the “professionals” tell them.

Registration and contacts

The office indicated London as the place of its registration.

At the same time, it is noteworthy that the international phone number is clearly not with the UK code!

At the same time, no documents were provided on the website that could confirm the legality of the existence of the company. It can be concluded that since there are no registration documents, then the broker itself does not exist in the legal field.

In addition, Sharashka claims to serve traders from all over the world, while not having a single regional office.

Licenses and regulation

There are 6 financial regulators who allegedly control the activities of the broker in different countries on the website.

At the same time, the main regulator in this case is the UK FCA, because it is in this country that the main office of the broker is “located”.

But no such organization was found in the FCA registry. This confirms the fact that the sharashka exists exclusively in the online space and no one regulates its activities.

Accordingly, clients of a pseudo-broker cannot be protected from financial fraud of scammers.

Reviews on Binance Global

Reviews about Binance Global have already appeared on the network. This indicates that scammers act quickly and do not stand on ceremony with customers for a long time.

According to the old fraudulent scheme, as soon as the client becomes "uncomfortable" and asks a lot of questions about the withdrawal of money from binglobal.io, he is blocked.

Before the final blocking of the client's account, they manage to dilute it for another hundred or two dollars for the so-called commissions and other payments.

Conclusion

Cooperating with a broker without a single license is a very bad idea.

Opening an account in a company that does not have a single document is a guarantee that you will be left without your money!

We recommend that you approach the choice of a broker very seriously, and Binance Global is clearly not the kind of office where you can get rich!