Abstract:TradeBaionics is allegedly an unregulated and blacklisted forex broker registered in the UK that claims to provide its clients with forex trading with leverage up to 1:200 and floating spreads on the web-based trading platform.
Note: Since TradeBaionics official site (https://www.tradebaionics.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information & Regulation
TradeBaionics is allegedly an unregulated and blacklisted forex broker registered in the UK that claims to provide its clients with forex trading with leverage up to 1:200 and floating spreads on the web-based trading platform.
Market Instruments
TradeBaionics is a forex broker that mainly offers forex trading, however, we have no way to get more details about trading asset classes due to its broken links.
Leverage
A leverage ratio of up to 1:200 is offered by TradeBaionics, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads & Commissions
As tested at TradeBaionics demo web account, the spread for the benchmark EUR/USD pair was floating around 0.8 pips. As for commissions, the broker states that it does charge some commissions and the amount of commission is either a percentage of your trade size or a fixed percentage.
Trading Platform Available
The platform available for trading at TradeBaionics is a web-based trading platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
As mentioned in the Terms and Conditions, TradeBaionics states to accept payments with credit/debit card payments, bank transfers and e-wallet payments. It appears that the broker did not know what the initial minimum deposit requirement is, stating that one place would require $250, another $500, and as much as $10,000 in the account type information.
Bonuses
TradeBaionics says to offer multiple types of bonuses including a welcome bonus but did not elaborate too much on those.
Customer Support
TradeBaionics customer support can be reached by telephone: +442030052502, +442030052038 or email: support@tradebaionics.com. Company address: 60 Queen Victoria St, London EC4N 4TZ, United Kingdom.
In recent years, the Middle East has emerged as a dynamic Forex trading hub, fueled by the region's growing economy, technological advancements, and increasing investor sophistication. This article explores the legality of Forex trading in key Middle Eastern countries.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?