Global Broker Regulation Inquiry App
WikiFX
Mohammed Mazhar 
1-2 years
What are the cons of using Binany?
Broker Issues
Regulation
07-10
United States
WikiFX
Reply
The biggest downside for me is that Binany is unregulated. Additionally, there’s limited info about their fee structure and trading conditions, which makes it hard to assess the true costs. From the Binany reviews, it seems that some traders are also concerned about their unclear withdrawal process.
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