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Binatrex.com purports to be a broker and investment advisory service.
Binatrex Trading Co is the name of the company behind this broker’s website.
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There’s no information about this strange company anywhere on the internet.
It looks like this company has never been registered and even if they claim to be operating from New York, US, this is just a trick to gain the trust of their victims.
The offers of Binatrex sound very attractive and too good to be true, which is a red flag.
For example, investors can get up to $600 plus 60 days of commission-free stocks and options trading.
They don’t tell you under which conditions you can receive this money.
In addition to this, they are using a template that has been abandoned by its developer and no longer being updated.
This poses all kinds of security issues on their website. Without free updates, the website would be open to all kinds of security concerns.
Is Binatrex.com legit?
The website Binatrex.com is just 11 months old. We understand that the website owner is called Alvin Lardner.
Alvin Lardner is said to be a creepy and canning person (if email conversations with victims are anything to go by).
Furthermore, the website is purporting to offer financial services from the US, which means they should be having a SEC license to start with.
FINRA should know about Binatrex.com and their financial activities.
This is apparently not the case. And there is no reason whatsoever why a website offering financial services and claiming to be legit should not be registered with the SEC.
This is definitely a scam broker.
Conclusion
Binatrex is a broker to be avoided. Apart from operating without a license, the scam website has red flags all over the place.
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