BNYT
About BNYT Company
The brokerage firm BNYT provides the opportunity to trade on financial markets with fast, reliable, and fully transparent order execution. The company promises its clients trading with fixed low spreads and no trading commissions. The official website net-trade.site is available only in Russian.
Legality and Regulation
The website claims that the services of BNYT LLC, registered in Saint Vincent and the Grenadines, are regulated by the laws of this country. However, there are no official documents confirming the broker’s licensing presented on the website.
History and Experience
The brokerage center states that it has been providing financial services in European countries for 10 years, but does not provide information about its history and founding date on its website. Customer support is mainly maintained through email.
Trading Instruments and Platforms
The trading platform at BNYT is multi-asset and developed by the broker itself. Traders have access to various financial markets, such as 10 global indices, 55 cryptocurrency pairs, 47 shares of global brands, over 30 currency pairs, precious metals, and 8 commodity offerings. The total number of financial assets for trading exceeds 1,500.
Trading Accounts
The broker offers traders a choice of three types of trading accounts. The minimum amount to start an account is $5,000, with no set minimum entry threshold.
Account Funding and Withdrawal
Funding and withdrawal of funds are carried out through various payment methods, including electronic systems, bank cards, and internet banking. However, specific payment system services are not disclosed on the website. Detailed terms of the payment policy are also not provided.
Conclusion
The security and reliability of the broker’s operations raise doubts, considering its offshore registration, lack of official information, and minimal details on payment operations. It is recommended to refer to reviews from real clients and experts to evaluate the profitability of investing in the company’s platform.