The Forex College has made an assessment of Binetrix for you today and we have concluded in our Binetrix review that it is indeed a recommended broker.
In a time with cybercriminals are getting craftier by the day, everyday internet users need to do double the research before using a website.
The same goes for traders searching for a reliable and secure platform.
One of the websites that’s gaining traction among users for its great security features is Binetrix.
So let’s break down these aspects in detail in this Binetrix review.
KYC and AML Compliance
Because people are conducting more and more of their transactions online, scammers are coming up with inventive ways to swindle traders out of their money and personal information.
By doing so, they open up the doors to a number of crimes, like credit card fraud and identity theft. There have been instances when people reported that people posed as them on trading platforms, causing them to acquire large sums of debt.
Fortunately, Binetrix employs strict methods to prevent such incidents from happening.
To avoid cases in which users join the platform as another person, Binetrix has a rigorous verification process during signup, which requires the person to verify their account through ID.
This is part of the platform’s compliance with the Know Your Customer policy.
They are also compliant with the Anti-Money Laundering policy, which requires the platform to keep a strict check on potentially suspicious activities that could signal money laundering.
Impeccable Data and Funds Security
When you’re using an online platform, especially for financial activities like trading, you want to ensure that you’re using the safest platform possible.
Fortunately, that’s where Binetrix ticks all the boxes by offering the best security measures in order to keep your data and funds safe.
For the most part, it prevents your confidential data, like your name and credit card information, from falling into the wrong hands through SSL encryption.
This means that data that goes from your server to another will be encrypted until it reaches its destination. The benefit of this is that if cybercriminals intercept the data, it won’t be readable.
Plus, Binetrix uses segregated accounts to store users’ funds, so you don’t have to worry about your money being seized in the event that the company defaults.
Since the funds are held in trust and traders of the platform are named as the beneficiaries, the company’s creditors can’t use your money and it will be given back to you.
Safe Payment Methods
One of the biggest barriers that people face when approaching an online trading platform is that of payment methods. Many traders have complained online that there need to be more inclusive payment options on platforms.
Well, Binetrix listened and that’s why it offers a number of safe and secure payment options that users can choose from based on their convenience.
Whether you prefer to pay with your VISA credit card, Mastercard credit card, or wire transfer, Binetrix has it all.
The benefit of providing users with such choice is that it allows for easy deposits and withdrawals, which contributes to the overall user experience.
There have been plenty of traders who expressed in their Binetrix review that the number of payment options makes it one of the top trading platforms on their list.
It definitely helps in creating a more inclusive environment on the platform, where no one is held back by not having access to a specific payment method.
In a nutshell, Binetrix is one of the safest trading platforms out there thanks to having a number of top-notch security features. For one, it verifies your account to create a safe and secure environment on the platform and prevent fake accounts.
It also keeps a strict check on suspicious activity, and ensures that your private data is secure through SSL encryption. Not to mention, it uses segregated accounts to store traders’ funds, and offers a number of safe payment methods for easy deposits and withdrawals.