Reported as a scam / unregulated
Why Binacefx is on the register
Binacefx claims to be an international trading company located in the United Arab Emirates, providing financial broking services in the field of online Forex and CFD trading. But there is no detailed financial services licenses and other licensing certificates. A company that offers financial services must have financial license in the country where it is located. Upon investigation, we found that Binacefx is not authorized by the Central Bank of U.A.E.(CBUAE) and the Securities and Commodities Authority(SCA) in the United Arab Emirates. The truth is that Binacefx is not regulated by any regulators. Letting it hold or control investors’money is unsafe, and the money can not be protected by any laws. Binacefx is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.