Caution! BinBotPro is an offshore company! Your funds may be at risk.
BinBotPro Key Facts
🔴 BinBotPro is a fraudulent trading robot. A scam sign!
🔴 BinBotPro makes traders open accounts with scam brokers. Red flag!
🔴 BinBotPro creates unrealistic expectations. Red flag!
🔴 BinBotPro has plenty of negative reviews. A disturbing sign!
BinBotPro products and services
BinBotPro is a trading robot that allegedly makes guaranteed profits for traders who use it. This can't be further than the truth. To start using it, you need to open an account and make a deposit with brokers that have already been confirmed as a scam. The list includes VideForex, RaceOption, IQCent and BinaryCent- all of these have warnings issued against them by various financial authorities worldwide. Beware!
People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.
BinBotPro company and regulation
BinBotPro isn't associated with a legal company. That's a sham business and a scam. You should stay away and trust your money to regulated companies only. In this section, we'll explain why regulation is so important for traders and investors.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
BinBotPro address and contacts
BinBotPro reveals nothing about their headquarter address or contact numbers. That's a non-transparent business and a scam, as already confirmed.
Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.
BinBotPro.com website info
BinBotPro.com is a domain name registered on 07th of July 2016, so it's almost 5 years old at the time of writing. It's registered on USA IP address: 172.67.169.154 co-hosting more than 700 websites at the time of writing.
BinBotPro.com's Alexa ranking is disturbingly good- 181 020 on the 18th of March 2021. That's too bad because there are apparently many people who opened accounts with fraudulent brokers and were scammed.
BinBotPro.com uses privacy protection services to hide the ownership of the website. The latest trend in the privacy policy around the world denies it should be a problem but considering it's an investment service, we might as well consider this a disturbing sign.
Scam warning
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.