Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo financial licence in any jurisdiction while accepting retail deposits; UK and Bulgarian registers return nothing, and the only number published is a Nevis company registration. Credit where due: it fabricates no licence and claims no regulator.
Identity & transparency
8/10 · CriticalEntity and registered agent address are disclosed, but there is no office, no phone, no datable registry entry, the named entity changed from Binany Corporation to Finpulse LLC without explanation, and the UK company tied to the brand is a dissolved shell at the Companies House default address.
Withdrawals & conduct
7/10 · HighFund-integrity reports across more than one platform from 2020 to 2026 describe the same refusal after about three days, with amounts of 13,600 rupees and roughly 3,000 dollars; offset by credible reports of fast payouts and by a company that answers complaints and asks for case details.
Reputation
7/10 · HighTrustpilot withholds the rating for a guidelines breach and states fake reviews were removed, with 51 percent of 136 reviews at one star; no regulator warning anywhere keeps this out of the top band.
Website claims
6/10 · HighNo false licence claim, but 3,924,918 users claimed for 2022 against 3.5 million dollars withdrawn and a 30-minute payout time, user counts starting in 2018 before the domain existed, a 150 percent deposit bonus, and a serviced-countries rule the company's own support replies contradict.
Operational history
6/10 · HighSeven years of continuous single-brand archive history on a domain registered in January 2019, with the oldest datable company from August 2021; the Nevis operating entity cannot be dated, so the figure is an upper bound.
Who they are
A quick desk file on the company behind the brand.
- Brand: Binany, a binary-options style platform (predict whether a price rises or falls over a short window).
- Legal entity: Finpulse LLC, incorporated under the laws of the island of Nevis, registration number L 23523.
- Registered: Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis, West Indies. This is a registered-agent address, not a trading office.
- Website: binany.com, with binanypartner.com for affiliates and learn.binany.com for content. The regional site binany.uz no longer belongs to the brand.
- Only licence: none. L 23523 is a company registration number, not a financial licence, and no regulator supervises the money.
- Offers: short-term options on currencies, crypto and stocks, a 150 percent first-deposit bonus, payouts advertised up to about 90 percent, deposits through local payment rails and crypto.
- Not accepted: its agreement excludes the United States, Canada, the United Kingdom, the whole European Economic Area, Australia, Israel, Ethiopia and a list of sanctioned states. Visitors in the UK and EEA are shown a country-restriction notice instead of the platform.
- Age claim: the statistics page counts users from 2018. The domain was registered on 5 January 2019, and the oldest company we could date behind the brand was incorporated in August 2021.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Nevis company registry (Financial Services Regulatory Commission, Nevis branch)
Why we reached this verdict
How the evidence adds up.
Four findings carry this verdict, and they come from different kinds of source.
- No licence, anywhere, while holding client money. Binany's Customer Agreement names Finpulse LLC of Nevis and does not contain the word licence at all. The UK Financial Services Register returns nothing for either Binany or Finpulse. The Bulgarian Financial Supervision Commission's list of investment intermediaries contains neither name, and its identifiers are nine-digit Bulgarian codes, nothing resembling L 23523. Nevis publishes no public company search, so even the corporate registration rests on the company's own word.
- A six-year pattern of money not coming back. A complaint filed on 15 July 2020 sets out the mechanism with screenshots: 13,600 rupees deposited, the first withdrawal paid so the site looks trustworthy, then later requests answered with technical problems, repeated across three or four accounts. Trustpilot carries the same story through 2026: a Kenyan client who deposited, grew the balance and had the withdrawal rejected with nothing paid to date; another who asks why funds are held three days and then refused; an Indian client whose account was blocked after roughly 3,000 dollars of profit. Same failure, different users, more than one platform, with amounts and dates.
- Trustpilot has acted against the company itself. The page for binany.com shows no score at all: the rating is withheld for a breach of Trustpilot's guidelines, with a notice that fake reviews have been removed. A firm that needs planted reviews is managing a reputation problem rather than answering one.
- The company's own words contradict its own rules. Clause 2.10.3 of the agreement lists Ethiopia among the countries it does not service. Its support team, replying in public in August 2026, quotes the current minimum deposit in Ethiopia in local currency. The same reply confirms that an on-screen prompt reading 'Limited Liquidity. Please wait or add funds to increase your priority and unlock trading opportunities' did exist and says it has been removed. A prompt that asks a winning client for more money is an extraction mechanic, not a technical limit.
Supporting findings: the UK company tied to the brand, CALISTA GROUP LTD (13564322), was dissolved on 1 September 2026, sits at the Companies House default address, and is registered for holding and real-estate activity rather than finance, with one director, a French national resident in Morocco. The statistics page claims 3,924,918 users for 2022 against total withdrawals of 3,532,153 dollars and a 30-minute payout time, which does not hold together and sits badly beside the complaint record. Deposits and payouts in some markets are reported to run through individual mobile numbers, which leaves a client no payment provider to appeal to.
We stop at likely rather than confirmed because no regulator has acted in seven years of trading, the company answers complaints in detail and some clients report fast payouts.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Binany's Customer Agreement names Finpulse LLC, incorporated under the laws of the island of Nevis, registration number L 23523, registered office Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis. The document names no financial regulator and the words licence and license do not appear in it anywhere.
E2The UK Financial Services Register returns no result for Binany, and the same search for Finpulse also returns no result. There is no UK authorisation behind either name.
E3The Bulgarian Financial Supervision Commission's list of licensed investment intermediaries contains no Binany or Finpulse entry, and the identifiers it publishes are nine-digit Bulgarian company codes, not of the form L 23523.
E4IOSCO's I-SCAN network, which aggregates alerts from more than 150 member regulators and holds over 47,000 entries, returns no warning for Binany and none for Finpulse. A control search for a comparable platform returns six entries, so the search itself works.
ModerateIOSCO I-SCANE5Trustpilot withholds Binany's rating for a breach of its guidelines and states that it has removed a number of fake reviews for this company. The page carries 136 reviews, of which 51 percent are one star and 30 percent five star, with 16 reviews in the last twelve months.
StrongTrustpilot, binany.comE6One-star reports on the same page describe one failure repeatedly: a Kenyan client in February 2026 who deposited, grew the balance and was told the withdrawal was rejected with nothing paid since; another Kenyan client in January 2026 asking why clients wait three days and then have funds refused; an Indian client whose account was blocked after about 3,000 dollars of profit; and a June 2026 report of deposits taken, profitable accounts blocked and withdrawals not sent.
E7A complaint filed on 15 July 2020 against www.binany.com, with screenshots attached, sets out the mechanism: 13,600 rupees deposited, the first withdrawal processed so the site looks trusted, then later withdrawals answered with technical problems, repeated by the same complainant across three or four accounts.
ModerateConsumer Complaints CourtE8Clause 2.10.3 of the Customer Agreement lists Ethiopia among the countries Binany does not service, alongside the UK, the EEA, the United States, Canada, Australia and Israel. Binany's own public reply of August 2026 states the current minimum deposit in Ethiopia in local currency, so it is operating in a country its own contract excludes.
E9An August 2026 client report states the platform blocked trading after winning trades with the message 'Limited Liquidity. Please wait or add funds to increase your priority and unlock trading opportunities', and that deposits and withdrawals were handled through separate personal mobile numbers. Binany's reply confirms the message existed and says it has been removed, and that payment details may be requested by the selected local payment provider.
E10UK Companies House shows CALISTA GROUP LTD, company number 13564322, incorporated 13 August 2021 and dissolved on 1 September 2026. Its registered office is the Companies House default address in Cardiff, its activities are recorded as holding company and real-estate management rather than finance, and its sole officer is a French director resident in Morocco.
ModerateUK Companies HouseE11Binany's own statistics page claims 3,924,918 users for 2022, 2,398,881 transactions a day and a 30-minute withdrawal time, while giving total money withdrawn for that year as 3,532,153 dollars. It also counts 54,402 users for 2018, a year before the domain was registered.
ModerateBinany statistics pageE12The binany.com domain was registered on 5 January 2019 through Spaceship, Inc. and sits on Cloudflare nameservers. Archive records run continuously from November 2019 to January 2026 under the same brand, with no earlier unrelated business on the domain and no predecessor brand.
E13Until at least April 2023 Binany's own privacy policy said the data was collected and processed by Binany Corporation, registered in accordance with the law, with no jurisdiction and no registration number given. The current agreement instead names Finpulse LLC of Nevis, so the disclosed operating entity changed without explanation while the complaint record continued.
E14The regional domain on record for this brand, binany.uz, no longer serves Binany. It issues a permanent redirect to ece-textile.uz, an unrelated Uzbek website.
ModerateLive check of binany.uzE15The Nevis branch of the Financial Services Regulatory Commission houses the Companies, Trusts, Foundations, Limited Partnerships and Non Governmental Organisation registries, and offers no public online company search. Nevis company records are reached through licensed local agents, so the existence and age of Finpulse LLC rest on the company's own document.
E16Binany publishes no office address and no telephone number. Its contact page offers an email address and messenger channels only, and support directs clients to a named Telegram manager.
ModerateBinany contact pageE17A search of the Apple App Store returns no Binany application, although the Customer Agreement describes iOS and Android apps as part of the service.
The other side
The strongest case in this broker’s favour.
The case against Binany is not airtight, and the points on the other side are real.
- No regulator has warned about it. IOSCO's I-SCAN network aggregates alerts from more than 150 member regulators and holds over 47,000 entries. It returns nothing for Binany and nothing for Finpulse. Comparable platforms sit on those lists repeatedly, so a clean result after seven years of trading is worth something.
- It does not fake a licence. There is no invented licence number, no borrowed registration, no regulator badge and no claim to be authorised. That is the single most common lie in this market, and Binany does not tell it. It is also not a clone: the brand, domain and entity are its own.
- Seven years on one domain under one brand. binany.com was registered in January 2019 and the archive record runs continuously from 2019 to 2026 with the same brand. There is no recycled domain, no abandoned predecessor brand and no burned name being re-used.
- Some clients are paid. Reviews from August and September 2026 describe deposits credited quickly and withdrawals arriving almost instantly. The company replies to complaints in public, asks for account IDs, withdrawal request IDs and ticket numbers, and it withdrew the liquidity prompt after a client objected.
- It enforces its own exclusions for the UK and Europe. Visitors in those regions are refused the platform rather than quietly onboarded, which is what a compliance-minded operator does.
- Binary options lose money by design. At any short-term options platform a share of the complaints will come from traders who lost on the product or broke a bonus or verification rule. Several of the reports we read carry no amount, no date and no ticket number, and competitors do plant accusations.
What would change this
What we would need to see to revise the verdict.
These are the specific things that would move this verdict in either direction.
- Towards a confirmed case: a warning from any regulator naming binany.com or Finpulse LLC; a court or enforcement record; or two or three fresh withdrawal-refusal reports carrying request IDs, amounts and dates that the company cannot answer.
- Also towards a confirmed case: any credible report that a client was asked to pay a tax, fee or verification charge before funds would be released. We found no such demand, and one would change the picture sharply.
- Towards a clean reading: a genuine licence from a real financial regulator, held by the entity that takes the deposits, verifiable on that regulator's own register.
- Also towards a clean reading: Trustpilot restoring the rating it withheld; a published registered-agent certificate or registry extract for Finpulse LLC; a real office address and a working telephone number; and a run of resolved, independently confirmed payouts to the clients who say they were refused.
- Neutral but useful: a public explanation of how Ethiopian and other excluded-country clients come to be onboarded when the agreement says they are not served.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
UK Financial Services Register, search for Binany
The UK register returns no authorised firm under this name.
UK Financial Services Register, search for Finpulse
No authorised UK firm matches the operating company either.
IOSCO I-SCAN global regulator alert search
No member regulator has published a warning naming Binany.
Binany Customer Agreement
Names Finpulse LLC of Nevis and lists the countries it says it does not serve.
UK Companies House, CALISTA GROUP LTD
The UK company tied to the brand, dissolved on 1 September 2026.
Bulgarian FSC register of investment intermediaries
Contains no Binany or Finpulse entry.
St Kitts and Nevis Financial Services Regulatory Commission
Holds the Nevis company registry, which offers no public online search.
Trustpilot reviews for binany.com
Rating withheld by Trustpilot after fake reviews were removed.
Frequently asked questions
Quick answers about this broker’s safety.
Is Binany a scam?
On the evidence we hold, we assess Binany as likely a scam and high risk. It takes retail deposits with no financial licence in any jurisdiction, and clients in Kenya, Ethiopia, India, Pakistan and South Africa have reported since 2020 that withdrawals are rejected after a few days, sometimes once an account shows a profit. What stops us calling it confirmed is that no regulator has published a warning about it and it does not claim a licence it lacks.
Is Binany a fraud?
No regulator or court has made such a finding, so we do not state it as fact. We assess the risk of fraud as high. The conduct clients describe, deposits credited quickly and payouts then refused, is the pattern we would expect of an operation that does not intend to pay, but that remains our assessment rather than a legal conclusion.
Is Binany regulated?
No. Its Customer Agreement names Finpulse LLC of Nevis and mentions no regulator at all. The UK register returns nothing for Binany or Finpulse, and the Bulgarian FSC list of investment intermediaries holds neither name. No authority supervises your money, so there is no ombudsman and no compensation scheme behind the account.
Who owns and operates Binany?
The contracting company is Finpulse LLC, incorporated under the laws of Nevis with registration number L 23523 and a registered office at Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis. Until at least April 2023 its own policies named an entity simply called Binany Corporation with no jurisdiction or number given. A UK company, CALISTA GROUP LTD, has also been associated with the brand and was dissolved on 1 September 2026.
Can I withdraw my money from Binany?
Some clients do get paid, and several describe fast payouts. Others describe the opposite in detail: a request held for about three days and then rejected, or an account blocked after it had grown. A 2020 complaint with screenshots sets out a first withdrawal being paid and later ones refused as technical problems. If you hold a balance, request it now, in small amounts, and keep every reference number.
Is my money safe with Binany?
No one guarantees it. There is no regulator, no segregated-client-money rule you can enforce, no compensation scheme and no public registry entry we could open to confirm the company even exists. In several markets deposits and payouts are reported to run through individual mobile numbers, which removes the payment provider you would normally complain to.
How old is Binany?
The binany.com domain was registered on 5 January 2019 and the site has run continuously under this one brand since then, which is about seven years. The oldest company behind it that we could date was incorporated in August 2021, and the Nevis entity cannot be dated because that registry has no public search. Binany's own statistics page counts users from 2018, a year before the domain existed.
Is L 23523 a Binany licence?
No. L 23523 is the company registration number of Finpulse LLC in Nevis, printed in the Customer Agreement. A company registration only shows that a company was formed. It involves no checks on how client money is held, no capital requirement and no supervision, and it is not a financial licence of any kind.
Is Binany a clone of another broker?
No. We found no sign that Binany uses another firm's name, licence number, registration number or address. The brand, the domain and the Nevis company are its own. That matters, because impersonation is the most common mechanism in this market and it is not what is happening here.
Why is Binany not available in my country?
Its agreement excludes the United States, Canada, the United Kingdom, every country in the European Economic Area, Australia, Israel, Ethiopia and a list of sanctioned states. Visitors in the UK and Europe are shown a country-restriction notice instead of the platform. Oddly, its support team has publicly quoted an Ethiopian minimum deposit even though Ethiopia is on that excluded list.
Why does Trustpilot show no rating for Binany?
Trustpilot has withheld the score for a breach of its guidelines and states that it has removed a number of fake reviews from the page. The reviews themselves remain visible: 136 in total, of which 51 percent are one star. Planted positive reviews are a reputation-management signal, not evidence that a platform pays out.
What should I do if Binany refuses my withdrawal?
Collect the evidence first: account ID, withdrawal request ID, dates, amounts and screenshots of the refusal. Send a written complaint to the company, then raise a dispute with the payment provider you used, since some local rails and card schemes allow a reversal. Report the case to the financial regulator and the police in your own country. Do not pay anyone who offers to recover the funds for an upfront fee.
Does Binany have an official app?
Its agreement refers to iOS and Android applications, but a search of the Apple App Store returns no Binany app, and Google Play listings carrying the name were taken down. Be careful with any installer offered outside the official stores, and never install a trading app from a link sent by a chat contact.
What we recommend
The practical takeaway from everything above.
If you are considering Binany, or already hold a balance there, treat the money as at risk.
- Do not deposit more to unlock a feature, raise a priority, clear a bonus or finish a verification step. A platform that needs a further payment before you can trade or withdraw is not solving your problem.
- Withdraw what you can now, in small amounts, and keep the request IDs, dates and screenshots. Reports agree that first withdrawals are often paid.
- Prefer a regulated alternative. No regulator supervises this operation, so there is no ombudsman, no compensation scheme and no register to appeal to. Check any broker against the regulator's own register before funding an account.
- If you have been refused: raise a formal complaint with the payment provider you used, since local rails and card schemes sometimes allow a reversal, and report the case to the financial regulator and police in your own country.
- Ignore anyone who offers to recover your funds for an upfront fee. Those offers target people who have already lost money.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 14, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
What traders say about Binany
Comments on Binany are posted on its profile
Nobody has commented on Binany yet. If you have traded with them, your experience helps the next reader decide.
Write the first comment