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Binomo Review: Binomo.com an Enticing Shady Investment Company

Binomo Review: Binomo.com an Enticing Shady Investment Company

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Binomo is a trading company that has mixed reactions from investors. The entity is offering investors $1000 in their demo account. They encourage traders to join them to attain better financial opportunities.

Additionally, this entity states that it has won several awards from reputable institutions. Sadly, the information cannot be verified. Therefore, we do not encourage investors to venture with this platform.

Binomo does not have a license; hence their credibility is in question. The company features absurd statistics. Their average success in trading is 90%. They are offering their services to every trader across the globe.

Invest with legit crypto trading companies that have no hidden agenda. You will earn a reasonable amount of returns. Additionally, your funds will be safe. You should not risk your safety with a scam. They will steal your funds and exit the market.

Binomo minimum amount that you can trade is $100. The entity guarantees that investors will not lose a large number of funds when dealing. The venture allows traders to open multiple trades simultaneously. They do not have a restriction, and you can trade even on the weekends.

Binomo.com Review

There are multiple methods that you can use to earn. You will make it convenient. Additionally, you can use their demo to increase tour trading skills. The entity is also offering free training to their customers.

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The investment company states that there are after offering an excellent trading experience to its customers. The investment company brags with a license from SVG. The area is infamous for hosting scam ventures.

Binomo Review, Binomo company

The marketers of Binomo claim that those who accuse the platform of being a scam are misinformed. Investment associates risks; therefore, they should trade with caution. The minimum amount that you can deposit in this entity is $10.

The entity is trading Forex, Cryptos, commodities, stocks, and indices. They invite expert and novice traders to join their platform. The firm states that it executes trade fast, and investors can trade both short and long.

The entity is offering a web-based trading platform. They do not have the famous MT4/MT5 trading interface. Investing in Binomo might lead to total losses. They do not have trading results. Therefore, their performance is not known.

Binomo Withdrawal and Deposits

The company is accepting funds via VISA, MasterCard, Neteller, Perfect Money, BTC, LTC, Payeer, among other methods. Unfortunately, we cannot verify whether the platform accepts all these methods.

Binomo has three investment accounts. Their minimum amount is $10. The other plans are charging $500 and $1000. The more money you deposit, the higher the number of assets at your disposal. The withdrawal process duration depends on the account that you have invested with.

For the VIP account, cash out takes 4 hours, the Gold account takes 24 hours, while the standard plan takes up to 3 days. The company also has ridiculous returns, which raises eyebrows. The promised profits are 80%, 90%, and 100% per account.

Binomo claims that it does not charge any hidden charges to their customers. The investment broker makes profits when their clients lose funds. They have rewards that we encourage traders to read the term and condition before investing funds.

Trading Conditions

The trading platform available can only be used online. Binomo does not have offline software. The company does not disclose the level of leverage that their clients should expect from them. The trading conditions of this broker are not disclosed.

It is a significant drawback. The entity only promises considerable profits to their clients. However, they leave out important information. The company has survived long in the market, and they can do better than this.

You have the right to know what you are getting yourself into. Therefore, reputable investment companies feature all the necessary information that can help traders make informed decisions. Keep off discrete companies.

Binomo Customer Support

Binomo is offering live chat support to its clients. They assure investors that they respond instantly. Dolphin Corp is supervising the platform. The office address is at St Vincent Bank Limited Building, James Street, Kingstown, St Vincent, and Grenadines.

The platform does not have a convenient method of communication. You can only reach them via email or live chat. The company does not have a telephone number. The entity is observing a high level of anonymity.

Scammers will never respond to investors emails. There is a reason as to why they operate anonymously. You will only regret having trusted them with your funds.

The Domain Insight

Binomo.com has been in the industry since August 2014. Their domain shall expire in August 2021. However, we find it weird that this broker has been in the market for a long duration, yet they don’t have trading results.

The platform has massive traffic vising their website. According to Alexa.com, the entity has a total of 10,965 engagement. The location of their targeted audience is India, Brazil, and Mexico.

Binomo Regulation

The investment company is offering financial investment services to investors around the world. Unfortunately, they are not regulated by strict financial regulatory bodies. The entity is not on the list of the FCA.

Binomo is an illegal investment venture that is operating on its own accord. The company can disappear from the market. Additionally, fund safety is not guaranteed in this broker until they get a reputable jurisdiction license to keep off this venture.

Investors’ funds are not segregated in a separate account. Therefore, the entity can use the money for other purposes. Additionally, the firm does not have a compensation scheme in place. Trade with a broker that is offering safety.

Clients Feedback

Investors are reporting bad experiences with Binomo. They claim that they made a significant amount of returns through the company’s bonus and free rewards. However, when they requested a withdrawal, the entity asked for more money.

Other clients accuse the entity of manipulating figures. Their demo account is allegedly another method that projects high wins. Unfortunately, when you start trading, this will not be the case. We also learned that the venture is asking for additional charges when cashing out funds.

Based on the information we have gathered, investors are not pleased with Binomo. The graph keeps changing. It only takes a few seconds to lose your entire amount. There are also positives reviews regarding the broker.

Sadly, it is hard knowing if the statements are coming from real investors. Investors should avail proof of payment. It would be much more comfortable. Ensure that you read the feedback of traders who have engaged with a company before depositing your hard-earned money.

Final Verdict

Binomo is an investment broker that has survived long in the market. The entity has mixed reactions from investors. Additionally, their marketers are promoting the entity as a legit company. However, there is much that you should consider before terming a company as legal.

The entity does not have a license from any reputable watchdog like FXCA, ASIC, CySEC, or NFA. They do not offer fund safety to their clients. Additionally, the negative reviews coming from their clients are multiple. Do not deposit funds with this platform.

Invest with legit cryptocurrency trading companies that are transparent. Your safety will be guaranteed. Additionally, the ventures are reputable, and you can view their performance. Do not engage with a platform that has red flags or not regulated.

 

 

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20 Replies to “Binomo Review: Binomo.com an Enticing Shady Investment Company”

  1. Their target audience is much broader than the countries mentioned.
    The platform is also well known in South America, Asia and Africa. And if you still aren’t sure about whether they can be trusted, just don’t make a big deposit. It’s not like anyone’s forcing you
    to do that.

  2. Yesterday I withdrew $36 from my account. Originally it was 25. If binomo was a scam, they wouldn’t have allowed me to withdraw any amount over the deposit.

  3. As for the payment systems, they all work. If you deposit from two different ones, you can withdraw to any payment system, no matter which one you used for your last payment to the platform.
    And about the Gold and VIP accounts having more benefits – well, that’s right. People are trading with bigger amounts, so they should have more “”pluses.””
    That’s my subjective opinion anyway.

  4. As a secondary source of income it certainly deserves attention. Many business and institutions are closing nowadays, many are shrinking production.So, working online, on binomo in particular, is a good option to consider.

  5. There really aren’t any additional commissions for deposits and withdrawals, I’m telling you that as an active trader who’s been working on the binomo platform for a long time. And whether a trade is successful or not depends on the market chart, not binomo.

  6. The company does not use your funds for its own purposes. I’ve been trading since late 2019, and I haven’t seemed to notice any money evaporating from my account. If you don’t know how to trade properly, they have a special training section and on youtube.

  7. By the way, the binomo platform itself does not hide the fact that trading is a risk.
    After signing up when you first log into your account, you need to confirm a form that informs you about the risks.

  8. About the fact that there’s no phone contact with support.
    Why would you need it? It’s a lot easier to write in the chat than to call
    a number and wait for them to answer. Especially since the chat responds very quickly,
    I’ve already checked it myself more than once. And in terms of trading, it differs,
    it’s a market, so it’s unpredictable! But I try to stick to my
    strategy, so my chances of a successful trade increase.

  9. I have been trading on binomo since 2018, and I’ve never been asked to pay any additional fees when making withdrawals. And as for the bad reviews, see for yourself, they’re all the same and unproven.

  10. Regarding proof of payments – yes, there are already a whole bunch of screenshots and video reviews on the Internet. You can cleary see withdrawals of funds. And those who leave bad reviews about binomo are only guided by the fact that they are scammers, and there’s no evidence or any explicit arguments given. And the question is why? While some people are trading and making money, others are spreading untrue and unverified information.

  11. Binomo is not SCAM. I’ts second year i’ve been trading on this platform, and in all that time i’ve had no problems wiht withdrawals

  12. I can’t say anything bad about Binomo. Since I started working, I drained my account once, but after training things started to work out better. I have my own income now.
    I have no problems with withdrawing money.

  13. Binomo is not SCAM. It’s the second year I’ve been trading on this platform, and in all that time I’ve had no problems with withdrawals.

  14. Binomo already provides all the information to their traders, including future ones. What makes you think they’re hiding something? They have it on their website that there are risks, and that everyone should understand that before they start trading with real money.

  15. The money does not get deposited into the organization, it goes into your personal account. Only you can dispose of it. I did not really believe in this type of earning in the beginning either, so I deposited $10. The market was calm that day and easy to predict, so, I managed to get my balance up to $16.50. I requested a withdrawal and I got it a couple of days later. So I made the conclusion for myself that binomo is not a scam.

  16. Regarding the fact that you can only trade on the platform online. First of all,
    they’ve had a smartphone app for a long time. And secondly, where have you seen that
    it is possible to trade without an internet connection (offline)?
    That is impossible because data about the current market state is taken from the Internet. And the company isn’t promising big profits to its customers, it’s just saying
    that you can really make money.

  17. By the way, one of the features of binomo, which tells future customers
    that it isn’t a scam, is precisely that the minimum deposit is only 10
    dollars. If they wanted to just take money from clients, they
    wouldn’t have made that kind of minimum.

  18. The trading platform is good. I’ve been on binomo for six months now.
    I’ve withdrawn money several times. All the payments came through.

  19. I’ve also seen a lot of feedback about clients allegedly being locked out of the platform. However, such “”clients”” don’t give the real reason. How come I’ve been trading and following the binomo rules for 4 years, and I haven’t been blocked before? Trade honestly and follow the rules, and then everything will be OK!

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