After Verification: BingBon Is A Broker Headquartered In Taiwan. There Is Currently No Effective Supervision For This Broker. Please Consider And Pay Attention To The Risks!
BingBon's Official Website - Https://bingbonexchange.com/is Currently Unavailable. Therefore, We Can Only Collect Relevant Information From The Internet To Present The General Situation Of This Broker.
Market Tools: Cryptocurrencies And Commodities, Leverage: 1:100 (commodities And ETH), 1:150 (BTC), 1:300 (foreign Exchange Currency Pairs), Spread: From 0.1 Point; From 0.15 Point (index) Without Commission.
The Company Operates Without Regulation, Providing Access To A Range Of Market Instruments, Including Cryptocurrencies And Commodities. Its Official Website Has Been Shut Down.
BingBon Currently Does Not Have Any Regulation, Which Means It Is Not Overseen By Any Financial Regulator, Nor Does It Have Any License To Operate In Financialmarekt. The Lack Of Such Supervision Has Raised Concerns About The Company's Compliance With Financial Standards And Regulations, Increasing The Risk For Investors.
Pros:
Demo Account Available: BingBon Offers A Demo Account That Allows Users To Practice Trading Strategies And Become Familiar With The Platform's Features Without Risking Real Money.
Competitive Spreads: The Platform Offers Competitive Spreads, With Interest Rates Starting From As Low As 0.1 Pips On Certain Financial Assets.
Cons:
Customer Support Is Very Limited: BingBon Has Very Limited Customer Support Options, No Phone Number Or Email Address Is Provided For Direct Contact, Only Their Information Can Be Found On Facebook.
No Regulation: BingBon Operates Without Regulation, Which Has Raised Concerns Among Traders.
The Official Website Has Expired: BingBon's Official Website Appears To Be Inactive Or Unavailable, Undermining The Credibility Of The Platform.
Security Measures: So Far, We Have Not Found Any Information About The Security Measures Of This Broker.
Market Tools
Cryptocurrencies: BingBon Allows Users To Trade Popular Cryptocurrencies Such As Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH) And Chainlink (LINK).
Traders Can Speculate On The Price Fluctuations Of These Digital Assets Against Fiat Currencies Or Other Cryptocurrencies.
Perpetual Contract Commodities: Through Perpetual Contracts, Traders On BingBon Can Access The Commodity Market. These Contracts Allow Traders To Speculate On Price Fluctuations In Commodities Such As Gold, Silver, And Oil.
Leverage
BTC Contracts: Traders Can Gain Leverage Of Up To 1:150 When Trading Bitcoin (BTC) Contracts. This Allows Traders To Enlarge Their Positions, Potentially Increasing Profits And Losses.
ETH Contracts: BingBon Offers Leverage Of Up To 1:100 When Trading Ethereum (ETH) Contracts.
Forex Trading Pairs: When Trading Forex Trading Pairs, BingBon Offers Leverage Of Up To 1:300. This High Leverage Allows Traders To Amplify Their Exposure To Currency Fluctuations, Increasing The Potential For Profit.
Commodities: When Trading Commodities Such As Gold, Silver, And Crude Oil, BingBon Limits Leverage To 1:100.
Spreads
Forex Trading Pairs: Spreads For Forex Trading Pairs Start At 0.1 Pips. This Narrow Spread Reduces Trading Costs And Increases The Profit Potential For Traders Engaged In Currency Trading.
Indices: When Trading Indices, BingBon Offers Starting Spreads Starting At 0.15 Pips. Although Slightly Wider Than The Spread For Forex Pairs, These Spreads Are Still Competitive, Allowing Traders To Enter The Index Market At Favorable Prices.
Customer Support
BingBon's Customer Support Options Are Primarily Limited To Its Presence On Facebook, And It Does Not Provide Direct Contact Details For Phone Numbers Or Email Addresses.
This Limited Support Channel Poses A Challenge For Customers Seeking Immediate Help Or Inquiries That Go Beyond What Facebook Offers.
Conclusion
BingBon Is An Unregulated Broker Without An Official Website And Efficient Client Server, But Some BingBon Features May Be Attractive, Such As Low Spreads. However, We Do Not Recommend Users To Trade With Unregulated Brokers.
