Binary Crypto Trading LTD Review: Exposed by FCA!

Binary Crypto Trading LTD is allegedly a crypto investment broker. The company entice investors with weekly bonuses and fantastic offers. All you have to do to enjoy these packages is open an account. Their services are also accessible to all, regardless of country of origin.

Additionally, you don’t have to keep monitoring your account process after registration. You only need to select a perfect investment plan. From there, you can start generating passive income. Trading is not rocket science. You don’t need experience reading between the lines and seeing this is a scam. Their deal is too good, and something is off. 

We have not seen any successful trader that has withdrawn funds from Binary Crypto Trading LTD. If they are profitable as they claim, everyone will be flocking to their website. Sadly, this platform is being run by tactical scammers. 

Trade only with legitimate cryptocurrency investment companies. You will earn passive income without having to worry about your safety. Transparent ventures will help you trade with minimal risks as you maximize the returns. 

Binelitetrade.com.com Review

The broker promises investors a fast withdrawal process. After depositing your funds, you can cash out within days. What we are most interested in is the audited trading results. Unfortunately, we cannot count on a discrete venture.

The company also claims it observes privacy. They work with the best team in the market. Sadly, Binary Crypto Trading LTD has not credited the individuals. Therefore, we cannot guarantee they are working with professionals.

Anonymous websites are dangerous. A simple SSL certificate will not guarantee your safety. You need more. It is best to deal with a regulated company rather than a suspicious one. They have only forced a 2FA system. Legitimate brokers prove traders' money is safe by working with top-tier banks. Binary Crypto Trading LTD is most likely the thin air.

How Does Binary Crypto Trading LTD Operate?

The company claims to be dealing with crypto mining. Their cloud solutions do all the work; you don't have to use your computer. Immediately you sign up, you will start getting results as their system starts mining.

Binary Crypto Trading LTD claims that crypto mining is one of the fastest and best ways to grow your income. Regardless of the risk involved in digital assets, the entity States it has a 100% cash-back policy. However, you should know that cryptocurrency mining is no longer profitable as it was in the initial stages.

The competition is tough. Additionally, the mining cost is high. The entity has not mentioned how it plans to execute the mining cost. Also, we are unaware of their cloud mining location. We suspect this is another rogue venture eyeing investors' cash. The entity does not state a crypto asset that they are mining.

Binary Crypto Trading LTD Investment Plans

The company only has four investment plans. The starter plan requires traders to deposit $3,000. The payment is processed within 72 hours, and investors can withdraw weekly. The silver package requires a deposit of $5,800. Here investors can trade weekly or monthly payments are also either made weekly or monthly. 

Crypto Trading LTD charge a maintenance fee of $0.005 per 1MH/s in 24 hours. Withdrawal takes 72 hours to be processed. The Gold plan takes a deposit of $16,000. The maintenance fee of $0.01 per 1MH/S in 24 hours. Payouts are done in Bitcoin, but the company hasn’t disclosed how long it takes to process the withdrawal. 

The executive plan has both trading and mining opportunities. You need to deposit $30,000 to enjoy the bonus trade. The mining fee is $0.05, and you can boost your profits. The business pro requires a deposit of $50,000 with a minimum hash rate of5MH/s. You can do back trading and mine all assets. The Elite plan takes a deposit of 2BTC. As per the time of this review, 1 BTC is worth $28,118.30. This is a lot of money to invest in an anonymous broker. 

There are better companies in the market that accept a lower amount of investment, from $10 to $250. We cannot see anything unique with the platform. They only have dozens of colourful red flags. Walk away while you still can and save your money. 

Withdrawal and Deposits

Binary Crypto Trading LTD accepts funds via bank cards, PayPal, Bitcoin, and other altcoins. We assume payment is made instantaneously. The benefit of withdrawing cash in crypto is payments are made instantaneously. We don’t understand why it takes three days for the entity to process clients' funds. 

The significant drawdown of crypto payment is you cannot issue a chargeback. It is perfect for con artists to cover up their murky business. Moreover, customers cannot unmask the identity of these criminals. In the long run, money is trapped in the wallet of scammers.

Contact Details and Customer Support

Binary Crypto Trading LTD does not have an office address. This is another red flag that should be taken lightly. Why would you trust a company that cannot afford to set up an office anywhere? What guarantee do you have the entity will be there tomorrow?

There is a phone number with a USA code. However, the government of the United States has strict rules, and they would never allow such a fraudulent firm to operate in their jurisdiction. You also need to be careful as scammers are cunny and would fake their location. They use fake VoIP phone numbers, which can be changed. 

Binary Crypto Trading LTD claims its customer support operates 24/7. Fraudsters are only responsive when you are willing to deposit more cash in their system. Once they realize you have run out of cash they will cut you off. They deactivate their phone numbers and refuse to read your emails.

Regulation Status of Binary Crypto Trading LTD

Unfortunately, Binary Crypto Trading LTD leaves out its regulatory status. It is mandatory for any investment firm collecting funds from members of the public to acquire a license. This shady venture has been in the spotlight for all the wrong reasons. SEC has blacklisted the broker.

Regulatory bodies exist to protect traders from losing funds. They come up with stringent rules which brokers must abide by. However, scammers will prefer to set up their business in offshore regions which don't have financial watchdogs. They can run their syndicates without adhering to the rules and regulations.

Binary Crypto Trading LTD breaks multiple rules. They are not reporting their daily transactional report to the financial watchdogs. Hence, nobody keeps track of what is happening behind closed doors. For all we know, the broker might be manipulating the prices. Furthermore, the FCA blacklists the broker for violating the UK trading rules. 

Regulated companies must also submit the name of their account managers, founders, and financial analyst to the financial bodies. This ensures qualified people are handling traders' funds. There is no guarantee professionals are working at Binary Crypto Trading LTD. 

Final Verdict

Binary Crypto Trading LTD does not have customer reviews. No one has come forward to prove they have earned venturing with the entity. The trust score of the broker is also low. The discreetness of the broker is another worrying factor. The entity has also been blacklisted by FCA. There is no proof of investment. The broker has only been in the industry for a short duration. 

Here are some of the authentic crypto companies in the market. They work with reputable banks to keep the funds' customers safe. You can also rely on their customer support to solve any issue. The entities are transparent, and they report their daily activities to the financial bodies.