Topic: Binfair.com legit or scam? - page 2. (Read 802 times)

Hello and thank you for your message.

I was just informed, that your withdrawal was processed and your issue resolved.

Please confirm and let us know if you have any other opened issues,

Thank you,

Binfair Team

Hello, i messaged the Facebook page but i am still waiting to hear back from them, in the meantime can you please have them contact me through email at [email protected]? This blog only allows a post at a time and there is a time limit before i am allowed to post a new post on here. It won't let me PM you as well it says you do not accept email from newbies.

You don't understand that the FCA has banned CFDs trading in the UK?
You claim to offer this to your clients and at the same time being a legal business in the UK is impossible.
You are breaking UK rules on this, do you understand? Do I have to draw this with crayons?
 

The regulatory body for this is the FCA, they have said it's illegal and all such trading must stop on January the 6th.
https://www.fca.org.uk/publications/policy-statements/ps20-10-prohibiting-sale-retail-clients-investment-products-reference-cryptoassets

Hello, I don't see a message from you. If I may ask you, please drop your UID at our facebook messenger (on our Facebook page), my colleague will take care ASAP.

Thank you,

Binfair Team

Hello i PM you the UID please get back to me with an update thank you!

Hello and thanks for your message.

Sorry to hear you are having issues. Please PM me your UID, so Ill urge to resolve your request, whatever is the issue you are having.

Thank you,

Binfair Team

Hello and thanks for your reply.

When you say :"Your job is prove us..." it's a signal to finish conversation for me at this point. The world does not work in a way, that someone writes something on forum and you should go and prove it.

LMT has their services on LOOP alliance, and we take services from them. We share the same technology. So what the problem is, I am not getting it?

Do you really think it is possible to "Copy" Copytrading technology, margin trading, quotes, liquidity and everything? It's absolutely impossible. We would, however, ask LMT team to issue official statement about our relationship and our technology.

However, if the logic is to immediately suspect someone of scam and "you go prove you are not a scam", based on false findings of, to put it mildly, not very healthy, clearly inflamed brain, seeing fraud and scam everywhere under any tree, I doubt this will help. But let me do that.

Call it Kindergarten investigation if you like, It's how scammers work in most cases. Because they don't have time to create something from a scratch. They will just go copy-paste everything including terms and conditions and then come here and claim that they are a legit project.

Are we just supposed to accept all that nonsense and believe you blindly? No I certainly won't.
Your Job is to prove to us that you are legit because you very well know that you started on the wrong foot, that's if you are even legit.

I don't see any information anywhere pointing out that you are partners/clients/members of the COBO Loop Alliance. Other members do have such information.

I checked the COBO Custody client list and Binfair isn't among them. It's funny that LMT.trade is listed in there, the very "company"  that you copied everything from

Should we assume that LMT.trade =  Binfair?



I checked the loop member list as well. There's no mention of Binfair - https://loop.top



What are we missing here?

Hello Binfair Team,

Since you are on here replying, I have been messaging support for 3 days now.. no response. Answer your support emails? I mean that should be of utmost importance right? My money which you call "assets" are frozen and I cannot seem to get any response from your customer service team, do they even exist?

I am not the only one experiencing this, there are other users complaining about this lack of professionalism, you don't look after your customers. People are waiting to get their money back.. you need to take immediate actions and resolve this.

For the love of God check your support team email or check in with your team in general. Please get back to me with a solution.

Thank you.

What is the difference where is it linked? It's available, and that's the main thing. No?

You did not see the link for the first time and came with "revealing". But it was and is available. So?

You are giving me a link, that FCA does not approve any CFD crypto business. Which supports my message, that says, that there is no regulating authority, that can regulate this business. So why did you ask about FCA, if you knew it does not accept any such companies?

Again - there is no regulating body, that can accept and license CFD cryptocurrency business. Do you have any in mind? Please tell us, we will be grateful

Such an amateurish job, you don't even know how to properly link your pages, you're linking to the folder index rather than the pages
https://binfair.zendesk.com/hc/en-us/sections/360009575114-Terms-of-Service
https://binfair.zendesk.com/hc/en-us/sections/360009672253-Privacy-Policy

Also, you forgot here to remove the letmetrade link:
https://binfair.zendesk.com/hc/en-us/articles/360052909134-Fee-Structure
https://archive.vn/aAsZi


Earth to alien:
https://www.financemagnates.com/cryptocurrency/regulation/uks-fca-bans-retail-offering-of-crypto-derivates/


So, you have no real license to conduct business in the UK at this moment, right?
Yes or no, simple as this!

Hello and thank you for your message.

1 - Excuse me, what is xxxx company and can you provide more info what are you talking about?

Running a white label can of course be called running a business. Example : You would like to start an online Casino. Instead of building your own from a scratch, you may simple take a ready solution, for example from SoftSwiss, BetConstruct, Digitain, EveryMatrix or any other provider available out there. You run it at your own cost, and pay % to the provider, based on an Agreement.

Why that cannot be called running a business?

2 - About us : https://binfair.zendesk.com/hc/en-us/articles/360053986593-About-us

TOS : https://binfair.zendesk.com/hc/en-us/articles/360053687653-Terms-of-Service

What is missing, please?

When you enter "About us" section click another "About us" link. It's straight in the middle.

3 - FCA currently does not regulate any CFDs trading business related to cryptocurrencies. Unfortunately. And why FCA? We are negotiating with CySec to get a license in the nearest future, as it's much more flexible and gives a worldwide distribution.

Thank you and have a great day

Thank you for your message.

You are free to call anything in the way you wish. I have explained you how things are and what white label technology is. If you use, for example, a standard layout of eShop builder, you may also find it looking very much the same as many other eShops. For instance, from WIX or Shopify. Just a simple note. When you say "We", please speak for yourself. Unless you belong to any organisation.

If I follow your logic, I can create 1000 other Bitcointalk.org forums and only look for similar looking texts and present it as some sort of great revealing. Let me surprise you. Any landing page, any main page, any marketing materials may be confronted with something inaccurate, something, that creates over expectation, or something looking seemingly like something else.  If you have not spent last 20 years in a cave, this is the way the world works.

Trying to hype up a big kindergarten investigation out of it looks funny, ephemeral, and supremely sweet. It is better to deal with bad casuistry in a bad court, or at lectures about the greatness of Trotsky and world peace, excuse me. But not in this thread.

Yes, Binfair is a part of COBO Loop Custody, which is a leading Asian custody service. And yes, this link was provided by the technology provider, we did not interfere at all. So why should we remove it from the site, when it's true? I guess their other platforms have it as well.

To conclude - if you are here to look for inaccuracies in the text, I can address you straight to the Bible. You will find a lot, believe me. Yet it's still very popular. It's important to look at the core thing.

Binfair is proud to have thousands of livetraders, including Master traders, that are very successful in what they do, and you can easily track them live via CopyTrading application. Even now. On top of that, we have margin trading and leverage trading availability, as well as tons of cryptocurrency assets available to trade.

Yet, we are of course grateful, for the feedback, and we recognise, that many things should improve. That's our goal as well, to a) improve communication channels 2) improve marketing and solidness of our platform. We are technical people by nature, so this takes some time for us, but we are getting there.

Translation for those fancy words.
You either get a domain and you make it point to a server and in reality, although the users see binfair he is actually trading on xxxx
Or you get a script, you make it run on your webserver but all the trades are actually done by the same xxxx company.

Bottom line, running a white-label website can't be called running a business.


You have checked them so deeply that you're missing every single one of them from the about us page to the ToS.


Just a few lines above you've said your "technology" is provided by a 3rd party so how about you stop bragging about it?

But let's drop those and answer the real question:
Are you registered with the FCA? Yes or no! Simple as this!

So what should we call the act of removing LMT.trade's name from the texts and then replacing it with yours?
Should we assume that was not part of customizing the texts?

For example; LMT.trade says "LMT Serves Over 200,000 Global Traders"
You also say "Binfair Serves Over 200,000 Global Traders" This is utter dishonesty, Can you prove to us that you serve over 200,000 traders?


You say "We are a member of Cobo LOOP Alliance, Industrial leading digital asset custody technology, Real Time risk management, Fair and no manipulation" and yet clearly you are not. It's because LMT.trade website said the same thing.

Why should we trust a person or service that puts across false information with any money?

Hello and thanks for your message.

White Label technology works in a way, that platform provider provides all-in-one-box solution, which you simply deploy. This also includes some basics texts, which we have not customised, true, but checked them pretty deeply.

We have no intention to copy any website without the permission of the respected party. Also, this technology contains pretty advanced pieces, such as CopyTrading technology and margin trading. This is not something you "copy".

Thank you for understanding,

Binfair team

You have got to be kidding... right?
How do you even get the guts to claim that you did not copy and paste from another website, yet the evidence is clear. Look at the screenshots I posted. Are you trying to say you Miraculously wrote the similar content onto your website minus copying anything from LMT.trade ?

Hello to all members of Bitcointalk.org and thank you for sharing this topic.

I am officially representing Binfair Online Trading Platform. You can address any issues or questions here.

To start off, we do not impersonate anyone, we did not copy any website.

The similarity between our platform and LMT.trade is given by the fact, that we are using the same technology provider like LMT.trade. Other than that, there is no connection between us.

Our team is working on releasing more communication channels with our traders, so any questions will be addressed quickly.

Thanks to everyone and have a great day!

----

Binfair Team

Even if there company is listed on the company house website of UK you will see that their company profile lacks information and the only information of a employee there is from their CEO which also doesn't show enough information on his profile as well, there is also a chance that they just impersonated a legit company in the website and make it look like its theirs. So if I were you I would just avoid using their services for now as for proving their credibility.

When you think about it, gambling is actually appropriate as that's what you are doing with your money if you deposit it there


When you put it like that, it does sound like a beginning of a joke, and that's what that site is. We all know why so many similar companies choose UK, as it's incredibly easy  and cheap to make one there, with little to none proper verification. And "UK based company" sounds more reassuring to their target audience  than "Chinese based" or "Russian based". Same reason why shitty altcoins like to use "Swiss based".


Regarding covesting (or copy trading), I know some people that tried that on PrimeXBT and they ended up loosing  most of their investment so I would advise you to be very careful. Even if traders look like they know what they are doing and performing good for certain amount of time, chances are good that  things will go south sooner or later and you will loose if not all, but big chunk of your investment. Imho, you might as well go to online casino and gamble with your money, as that's what this is. In that case you will at least have some fun.