Rating Forex / Brokers / TradeBaionics

TradeBaionics

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    Broker TradeBaionics - review in 2023

    TradeBionics is a broker that offers us perhaps the best trading platform in the world, at least one of the best. This is stated on the website of the project. The hallmark of TradeBaionics is the constant claim that the local trading platform has exceptional features. Emphasis on the fact that here we will get the best trading conditions. But these big words are not backed up by anything.

    Status

    Broker

    Year of foundation

    2022

    Affiliate program

    Yes

    Regulation and jurisdiction

    No

    Company Features

    TradeBionics promises to unleash the potential of every investor. He claims that users around the world earn money with him, and their positive reviews are published on the site. The site itself is available in French, English, Polish, German, Spanish and Italian. The contact section contains the TradeBaionics headquarters address, two phone numbers, and an email address. You can also contact support via the online form. The company claims to be a regulated broker but does not say which organization issued its license.

    Site

    www.tradebaionics.com

    Contacts

    +442030052502
    [email protected]

    Pros
    • Variety of accounts
    • Low fees
    • Trading Platforms МТ4, МТ5
    Cons
    • Insufficient information about regulators and registration
    • Mixed reviews about the project
    • High minimum deposit
    Trading Platforms

    МТ5, МТ4

    Types of accounts

    Bronze, Silver, Gold, Platinum, Diamond, Premium

    Account currency

    RUB, EUR, USD, cryptocurrency

    Deposit/withdrawal

    Credit card, Online-wallet

    Min Deposit

    10 000 EUR

    Leverage

    1:200

    Spread

    1,5

    Financial instruments

    Cryptocurrencies, indices, commodities, stocks, precious metals

    Mobile Trading

    Yes

    Order execution

    Instant

    Bonus

    Yes

    Brief information

    A trading platform and system that fits well with your current lifestyle. This trading platform is compatible with all your modern devices and is available anywhere. But in fact, there is no information about the success of transactions on this platform, also no statistics and analytics. This state of affairs gives rise to justifiable concern.

    “For traders, TradeBaionics wants to offer the best of the world of trading. This is done by providing them with a modern trading platform integrated with advanced features and tools.” This is another quote that has no facts behind it. In fact, this is banal self-promotion.

    In general, no one tells anything about the broker itself. They repeat the same thing ten times about the best trading platform in the world. Also noteworthy is the inadequate appetite of the project – the minimum deposit here is 10,000 euros.

    Project principles

    The financial intermediary provides the opportunity for forex and CFD trading. It offers seven account types as well as an Islamic account with no swaps. Among its advantages, the agent names: a social trading service; an author’s platform with a user-friendly interface and functions necessary for comfortable work; qualified technical support, which is ready to help traders 24/7. The minimum deposit is $10,000, which is higher than most brokers charge. Beginners can enroll in the Trading Academy, where lessons are taught by experienced professionals. Terms of study can be found after registration. All users have access to the economic calendar and participation in the affiliate program.

    Doubtful moments

    The fact that the local trading platform is one of the best is a completely unsubstantiated statement. First, it is not even clear what it is called. That is, no one knows it. Secondly, the age of the project is only a few months, and therefore the broker could not achieve such recognition purely physically.

    In addition, legal information is predictably missing. There is only some address in London, but what can be found on it is not clear. The same goes for licenses. There is a page describing the regulation, but it only explains that regulation is important and that TradeBaionics will provide us with regulated trading conditions. But there is no license itself, no instructions from the regulator.

    TradeBaionics reviews

    After carefully looking for TradeBaionics review, we could not come to a consensus. First of all, it is alarming that they are diametrically opposed. Either only positive, without a description of the minuses, or extremely negative. This usually indicates the broker’s unreliability and also gives reason to suspect him of some fraud. But no one has yet canceled the competition between different companies, so you should not believe every negative review.

    But too many praise comments such as this one are also alarming. Such expressions are not accepted in the world of big money. But the company tries to appear as a successful and reliable broker.

    In addition, on most sites where reviews go through complex moderation, there are no positive comments about the activities of TradeBaionics. And this is another important factor that speaks not in favor of the company.

    Expert opinion

    Eugene Rudenko

    Contact information is very vague. E-mail and several phone numbers that are difficult or impossible to get through. In addition, these numbers do not match those used by company representatives to contact potential traders. This does not speak in favor of the project. Of course, the option is possible when we have a reputable company used by scammers making calls for illegal purposes. But in these cases, big and well-established brands are more likely to appear rather than companies created just a few months ago.

    As a result, we have a broker with a strange trading platform, no history, no reviews, no documents, and no brokerage license. And it is here that we are offered to invest at least 10,000 euros. Such a high deposit threshold cannot be alarming. It seems that the company goal is to get the maximum amount for an inexperienced trader. And the lack of a demo version and other transparent systems for trading does not allow recommending the company for cooperation.

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    Conclusions

    There are many questions to the company and experienced traders will most likely bypass it. After all, such vague formulations and work methods are more likely aimed at newcomers to the business. It is impossible to say unequivocally that the company will not fulfill its obligations. But the possible risks are probably not worth the hypothetical profit.

    There are not too many reviews about TradeBaionics on the Web, so it is not easy to form an objective opinion about its reliability. If you have already used its services, write a detailed review about your experience and help other users make the right choice.

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    FAQ

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    Does the opinion of a broker's clients affect its reputation?

    The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about TradeBaionics are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.

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    How to write a review about cooperation with TradeBaionics on the website?

    To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.

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