The company is a complete fraud alongside many other exchanges/brokers in this industry and I wholeheartedly and genuinely look forward to the day when they collapse and are exposed for who they are. Based on my many years of expirience working in the trading industry, my user experience with Binance, and my observations over a long period of time, I can confirm they utilise bots to monitor your buy and sell orders on a micro level, especially the more leverage you use. The market will ALWAYS go against your trade unless you time your orders perfectly and you leave the bots with no room to go against the actual market price. For instance, making a buy order when the candle is literally hanging off what I call "the sweet spot" on the red candle. Even if there is an obvious sweet spot and you decide to make the order, it will always go against your trade till you are forced to close your trade to prevent a bigger loss or stopped out.THIS IS EXACTLY WHY they offer different trading contracts and options (such as derivatives, trading features, etc) because it squeezes users into a smaller category to be able to manipulate prices more. This a common tactic used by many brokers/exchanges, and they train their employees to tell clients that "each exchange offer different prices because they different companies", which is the biggest lie on the face of this earth. At the end of the day, people need to understand that every company has one goal; TO MAKE AS MUCH MONEY AS POSSIBLE and NOT to give YOU money. THIS IS WHY they encourage you to make deposits. THIS IS WHY they offer bonuses. THIS IS WHY it is so easy to make a deposit and withdrawals are always delayed. TIME = MONEY. Without YOU, there is no business.The most important lesson that I have learned is that the tiniest price discrepancy MAKES A BIG DIFFERENCE and companies like Binance thrive on this. That being said, I would advise anyone to stay the F away from Binance because you will lose every single penny you invest, and this is only going to get worse when AI enters the picture.
