ANSWER It is strongly advised against engaging with Binary Tokens, a seemly fraudulent trading platform.The broker alleges to have registration number 13797107 issued by the Companies House (CH) to substantiate its authenticity in the country. However, the registration number is linked to a different company and there are no indications that it is associated with Binary Tokens. This inconsistency is a red flag. What's more, Binary Tokens, despite the claims of being domiciled in the UK, fails to obtain the required authorization from the Financial Conduct Authority (FCA), rendering its financial services unlawful.Therefore, Binary Tokens is not subject to the regulatory oversight. Investors dealing with it are not protected by rules or law. To have a safer trading environment, it is highly recommended to opt for fully regulated brokers over unregulated ones like Binary Tokens.
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