Broker Review

Unauthorised Firm Details

Name: Binelitetrades.com
Website: binelitetrades.com

Bin Elite Trades, accessible at binelitetrades.com, presents itself as an investment and trading platform. It offers four different plans A, B, C, and D which require a minimum deposit ranging from $200 to $2,000, with a maximum deposit limit of up to $100,000. The platform claims to deliver returns of up to 100% within just 48 hours.

The platform claims to operate out of Wharfdale Road, Bournemouth, United Kingdom. However, any financial firm operating in the UK is legally required to be authorized by the FCA. Since Bin Elite Trades lacks this authorization, it is effectively operating as an unauthorized financial entity.

Additionally, we discovered that the domain binelitetrades.com was registered on July 22, 2024, for only one year. The domain registration details are deliberately hidden, showing a lack of transparency. During our investigation, we also received multiple reports of fraudulent activity associated with the platform. Verified review sites also contain numerous complaints and warnings alleging that Bin Elite Trades is running a scam

Reports of Fraud and Scam Complaints

Numerous reports have emerged from individuals who claim to have been defrauded by Bin Elite Trades. These reports include users losing their deposits and being unable to withdraw funds. Several verified review platforms also contain multiple user warnings and complaints alleging that Bin Elite Trades is a scam.

Conclusion: Stay Away

All signs point to Bin Elite Trades being a high risk and potentially fraudulent platform. Between the FCA’s official warning, the lack of regulatory oversight, hidden domain details, and numerous scam reports, investors are strongly advised to avoid this platform.