Binoglobe is an online CFD trading service provider that claims to have been established in 2006. Its website states that its headquarters are in the United States and that it offers a wide range of trading products to clients, including forex, stocks, indices, precious metals, commodities, and cryptocurrencies. However, the domain registration information shows that binoglobe.com was actually registered on July 10, 2024, which is almost 18 years later than the claimed founding date.
Trading Products and Account Types
Binoglobe offers trading products covering several CFD categories such as forex, stocks, indices, precious metals, commodities, and cryptocurrencies. After verification, the account types offered by the platform are almost identical to those of the broker GO Markets.
GO Plus+ Account
- Leverage up to 500:1
- Spread starting from 0.0 pips
- A commission of 3.00 AUD per trade
- Available base currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF
Standard Account
- Leverage up to 500:1
- Spread starting from 1.0 pips
- No commission per trade
- Available base currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF
Trading Software
The platform claims to use MT4 and MT5 as its main trading software. However, a check by the TraderKnows team on the MT4 and MT5 server lists did not find any Binoglobe servers. This suggests that the platform may not actually provide or use the trading software it claims to offer.
Agency Policy
Binoglobe offers two agency cooperation policies: White Labels and Referral Program. In reality, these contents are copied from the broker GO MARKETS' official website. This "plagiarized" act further reveals that the platform might not be a legitimately operating independent company but rather a shell platform.
Regulatory Information and False Claims
The platform claims on its website that it is authorized and regulated by several international financial regulatory agencies, including the Financial Services Commission (FSC) in the United States, the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission (FSC) of Mauritius, with an Australian license number of 254963. However, detailed investigations reveal significant discrepancies between these claims and the actual facts.
Firstly, there is no such regulatory body as the "Financial Services Commission (FSC)" in the United States. The platform's claim that Binoglobe Pty Ltd is regulated by the "United States Financial Services Commission (FSC)" is evidently false, as the U.S. does not have an FSC financial regulator. Moreover, the license number GB13724991 provided on the platform's website cannot be matched with any publicly available enterprise data, and its format is more similar to Mauritius’ regulatory number.
Secondly, the Mauritius Corporate and Business Registration Department shows that entity number 138949 actually belongs to NoDo (Mauritius) Ltd, and there are no authorization records of this platform on the Mauritius Financial Services Commission (FSC) website.
In Australia, the platform claims to have obtained a license from the Australian Securities and Investment Commission (ASIC), numbered 254963. But in reality, this license number 254963 belongs to GO MARKETS PTY LTD.
Furthermore, searches conducted with European Business Register found no registration information for Binoglobe Ltd, and the UK Companies House did not retrieve any records for FOSTERTRAFFIC.
Company Background and Address
The platform claims its headquarters are based in New York, USA, at 2177 5th Ave #APT 3b, New York (NY), 10037. However, inquiry into the address shows it is in the Upper Harlem area of Manhattan, which is a residential area, with no public records linking this address to any specific business activity or company. Thus, this address may simply be an apartment or private residence rather than Binoglobe’s actual business location, further verifying the platform's false representations.
Website Traffic and User Reviews
According to data from the popular website analysis platform Semrush, the Binoglobe website receives less than 100 visits per month, with almost no users accessing or using the platform. Additionally, no user reviews were found online about the platform, indicating that its popularity and reputation are extremely low, having gained almost no investor trust.
Website Template and Scam Risk
The website design of Binoglobe is highly similar to many known scam platforms like Endo Markets, Apex Orbit, and Global Traffic FX. These scam platforms generally use the same template and website design for mass production. This similarity suggests that the platform is likely just a newly established scam platform using existing templates and other company information to create a facade to attract potential investors.
Contact Information and Social Media
The platform's official website provides contact information, including two phone numbers (+27717284193, +1(470) 980-7478) and an email ([email protected]).
Notably, the platform has not established any accounts on major social media platforms such as LinkedIn, Facebook, Instagram, or Twitter. For a legitimate and trustworthy forex broker, the absence of social media presence is very unusual and suggests that the platform may not have a genuine operational foundation.
Summary and Risk Report
Binoglobe appears to be a shell company with significant inaccuracies and false advertising in its business and information. The platform's claimed company background, regulatory credentials, trading accounts, and agency policies all show clear signs of plagiarism or fabrication, and the platform's registration information, address, and other public records fail to prove its legitimacy.
Risk Warning:
- False Regulatory Claims: The platform claims to be regulated by multiple international agencies, yet this information significantly conflicts with reality and cannot be verified through any official channels.
- Dubious Background and Company Information: The platform's domain registration date does not match the claimed founding date, and the provided company details are similar to those of several known scam platforms.
- Low Website Traffic and Lack of User Reviews: The official website has extremely low traffic, and no user feedback can attest to the platform's reliability.
- Lack of Contact Information and Social Media Presence: The absence of social media support and legitimate contact details raises the likelihood of the platform being a scam.
