Forex Binany Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

Binany Trading Conditions

Registered Region United Kingdom

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@binany.com

Contact Number N/A

Website www.binany.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including forex, commodities, and cryptocurrencies
User-friendly trading platforms: MT4/MT5, web version, and mobile app
24/7 customer support available through multiple channels
Multiple account types catering to various trader needs
Demo account option for practice trading with virtual funds

Cons

Not regulated by any recognized financial authority
Limited transparency regarding fees and trading conditions
Withdrawal delays and processing issues reported by clients
Limited educational resources available for traders
Focus solely on binary options may not suit all trading styles

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Binany	FXTM	EC Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	United Kingdom	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Binany Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners	User-friendly platform, access to educational resources	Suitable for small-capital practice
Professional Account	Experienced traders	Higher leverage, advanced trading tools	Requires trading volume qualifications
Corporate Account	Corporate clients	Customized services, higher trading limits	Requires corporate documentation
Islamic Account	Traders seeking Sharia-compliant options	Swap-free trading conditions	Available upon request
Demo Account	All traders	Practice trading with virtual funds	No real money involved

Account Opening Process

To open an account with Binany, users must follow these steps: Submit personal information, including name, email, and phone number. Provide employment details and financial information to assess trading experience. Complete identity verification by submitting an ID and proof of address. Once the initial account is set up, users have the flexibility to upgrade to a professional account as their trading activity grows.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Tight spreads for majors
CFDs (Stocks)	Varies	$0	Competitive pricing on stocks
CFDs (Indices)	Varies	$0	Access to major indices
CFDs (Commodities)	Varies	$0	Includes gold and oil trading
Cryptocurrencies	Varies	$0	Includes popular coins like BTC and ETH

Other Fees

In addition to trading fees, Binany may impose various costs. Deposit and withdrawal fees may apply depending on the chosen payment method. Inactivity fees may be charged if an account remains dormant for an extended period. Platform usage fees are not applicable, and overnight interest (swap rates) may apply to positions held overnight. Currency conversion fees can also be incurred when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Binany User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Maria Johnson

London

★ ★ ★ ★ ★

I’ve been trading on Binany for about a year now, and I must say, their platform is quite user-friendly. The tools available for analysis are great, and I appreciate the 24/7 customer support. However, I did experience a delay in one of my withdrawals, which was a bit concerning. Overall, I would recommend Binany for those looking to start with forex trading.

James Smith

Manchester

★ ★ ★ ★ ★

Binany has transformed my trading experience! The variety of instruments available, including forex and cryptocurrencies, has allowed me to diversify my portfolio. I’ve had a few profitable trades, and the support team has been very responsive whenever I needed help. Highly recommend it for both new and seasoned traders!

Liam Brown

Birmingham

★ ★ ★ ★ ★

I’m quite frustrated with Binany. While I found the platform easy to use, my withdrawal requests have been repeatedly delayed. I’ve contacted customer support several times, but the responses have been vague and unhelpful. I’m considering switching to another broker unless this issue gets resolved soon.

Sophia Williams

Liverpool

★ ★ ★ ★ ★

My experience with Binany has been extremely disappointing. I deposited funds easily, but withdrawing my earnings has been a nightmare. Customer support has been unresponsive, and I feel like I’m being ignored. I would advise anyone to stay away from this broker to avoid potential loss.

United Kingdom Market