Is Binary Tilt a scam broker?
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Binary Tilt started the operation in 2013 as a binary options broker in New Zealand. They shifted their base to London to comply with EU regulation. They are owned and operated by Chemmi Holdings located in London. Chemmi Holdings also owns another binary options domain like MaxCFD.com and BinaryOptionFlow.com. They are operating in London under CySEC guidelines even when the holding company does not have any official sanctions. But they do not obey CySEC rules and are still offering a bonus which is banned by CySEC and is actively evading regulators rules and regulations.
Binary Tilt uses SpotOption platform which offers binary, pairs, long-term, 60 seconds, one touch, ladder, FX/CDF high/low, and limits. Assets on offer are currency and stocks. According to the website, they do not offer commodities and indices. They have 59 assets on offer. They have 26 currency pairs covering all major currencies. Also on offer are 33 stocks which are mostly US and EU based companies.
Account types are Basic (minimum deposit $ 500), Classic ($ 1000), Premium ($ 5000), Gold ($ 10000), Platinum ($ 20000) and Privilege ($ 50000). It does not allow US clients. It has a demo account and also an Islamic account. The demo account is almost realistic virtual trading platform and one of the most advanced. They also have an affiliate type of program, refer your friend and get a bonus.
Deposit and withdrawal methods are all major debit/credit cards, wire transfer, Skrill, Netteller, WebMoney, Yandex, CashU, and Qiwi etc. The same account has to be used for deposit and withdrawals.
The trading platform is compatible with windows, web, mobile, and iOS operating systems. Customer support is through phone (24×7), email and live chat.
Binary Tilt in a scam broker because it has been warned by Australia’s ASIC when it started its operation in New Zealand. It has been warned by Canada’s OSC. Japan’s JFSA has warned Chemmi Holding and Binary Tilt. Canada’s BSBC has also issued a warning to the general public not to deal. Its name figures on Italy’s CONSOB list of warning. ASIC has clearly stated in its warning long back “this company could be involved in the scam”. It is a big online scam and the company is playing with innocent investors.
Withdrawals are not allowed till trading volume is 40 times the bonus and that is risky. They have an increasingly bad reputation which one can see in the comment sections of many website. Customers are complaining about cold calling and refused withdrawals.
The police have caught up with Binary Tilt scammers. Their website is closed and one can see a notice informing that the website is temporarily unavailable in [your country] due to country regulation. For additional information please contact on support@ binarytilt.com. To hoodwink the regulatory authorities they have come up with Premium Binary Tilt site. Notice the word “Premium” added.
One of the authors has clearly stated that whether you earn money from them or not, you will never able to withdraw a single penny. They just do not react and your withdrawal request gets ignored.
Binary Tilt in a scam broker and if you are one of the victims MyChargeBack can help you retrieve your money. They will guide you step by step starting from drafting an initial police to complain till getting your money back.