Binomo is a binary options broker that focuses on services for its users by offering attractive types of trading. Customer service and direct analysis assistance. Binomo can be the best broker choice for traders to trade assets with limited capital.
In trading, you will experience a lot of successful transactions and failed transactions. What you need to consider is how to reduce the amount of loss, and increase the amount of profit. Even though the difference is only 1%, by increasing the frequency of trading more. You will still be profitable in the long run. Now, with Binomo, the minimum transaction allowed starts from Rp. 14,000 only. So that your trading frequency can naturally be far more than if you use other broker platforms.
In this review Binomo, we will discuss the features of Binomo as a whole. Since 2014, Binomo has been present as a broker and offers trading strategies for its members. Binomo is best suited for those of you who are experienced. With the support of many types of technical analysis tools for you to use. However, beginners are also can be the ease with a minimal deposit. That is very tempting when comparing to many other brokers in Indonesia.
Product website that includes binary options, contracs for difference (CFD), and other complex derivatives. Binary options trading should be carried out by experienced traders. CFD trading has a high risk available with leverage options that can work well in gaining profits and losses. As a result. Not all investors are suitable to invest their funds in this website. Where you can risk losing all of your invested capital. Do not invest your funds where you cannot afford to lose them. And never use loan funds to conduct trading activities. Before conducting trading activities, it helps you understand the various risks that exist.
What is Binomo
What is Binomo? This company is run by Dolphin Corp. 25151 IBC in 2018 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines). Binomo was born with the mission to introduce an innovative trading platform and accommodate the smallest investment value.
For novice traders, Binomo can be compared to other trading platforms. Binomo offers unique features than another application is easy to use. And at the same time ensures a smooth application. This broker has branches operating in many different countries at once to reach consumers in all parts of the world. By supporting many languages to 19 countries, including Indonesia. You can reach the language choices on the right side of their main page. So for traders from Indonesia, you can freely contact customer service using Indonesian.
Furthermore, to ensure the safety of customer funds, Binomo deposits customer funds in a different account. As a result, the security of your personal data and your money is more guaranteed with them. This was done at the same time to meet the requirements imposed by international financial institutions. In order to obtain CROFR regulatory certification. Wherewith this certification, means legally the relevant institutions guarantee the safety of traders and traded money. Binomo is one of the safest brokers today in the territory of the former Soviet Union.
Since 2018, Binomo has been a member of the “A” category from the International Financial Commission. With this, the broker provides a guarantee for their traders. That the platform used is safe and protected for making transactions. Even if Binomo frauds occur later. Member traders will get compensation funds of up to $20,000 from IFC. If proven during an appeal against a broker. As a trader, you can submit a complaint and then a special team will enter to find solutions within 72 hours.
Seeing how this broker managed to get a certificate from IFC. It means that Binomo runs services based on the law, transparent, and protected. Binomo since 2018 has a mission to continue to be committed to maintaining high standards of commercial honor. And implementing best business practices. Furthermore, Binomo has successfully passed the Verify My Trade (VMT) broker audit. Where this company usually provides certification on platforms that execute quality trading.
Binomo’s Customer Service
Binomo looks at his members quite well. Their commitment to helping in every step of the beginning of the trader deserves thumbs up. In addition to offering lots of training and analytical help from experts. Customer service contacts are available 24/7 even for standard account traders. Especially with the support of 19 different languages, including Indonesian.
With services like this. You can get instant solutions via live chat and will be very helpful in the future. When there are difficulties with related brokers.
Binomo’s Pros and Cons
Binomo is a consumer-oriented company, which continues to create new possibilities in the market regarding leading trading technology. We got a lot of information regarding the advantages and disadvantages of this broker after further research.
- Brokers with high-tech trading platforms that accommodate a variety of financial assets
- Offers a form of investment that is quite profitable and the best choice in the market
- Free analysis service
- Provides a variety of trading strategies
- Good for beginners and experienced
- You can monitor all ongoing trades
- Quality trading training
- Efficient and very professional customer service staff
- Fast withdrawal options
- Less risky investment choices
- Do not have detailed information about cryptocurrencies, stocks, and commodities
- Assets are not well organizing
- Binomo can close access to certain assets within a period of one to two days
- Because of regulatory issues, Binomo does not accept traders from the United States and the European Union
- Nothing is perfect in this world. To improve their services, they must be able to find solutions to the above deficiencies. We ourselves experienced several obstacles above directly when trading using the Binomo platform.
Is Binomo a Fraudster?
We have come to the end of this review of Binomo. And will answer whether Binomo is safe or is Binomo a scam. Before drawing conclusions, it is important to give appreciation to Binomo. Who has worked hard to find new ideas so they can be useful in trading applications for novice traders? You can easily benefit from Binomo through the use of a mature strategy.
Where other broker platforms require a large minimum deposit amount. But here you can make transactions and deposits are very low. His collaboration with traders is also very transparent. As we know, the quality broker is very important in order to be commercially successful. Word of mouth marketing of existing users can be very useful in capturing new customers for them. Moreover, regulations that have been successfully obtained from IFC will provide a guarantee of a positive trading environment security.
Based on Binomo’s analysis of this review it can be concluded that Binomo is not a scam. Many reviews have been proven by competitors to attach Binomo’s reputation for fraud in Indonesia. Although there are interesting cases. Through the issuance of a circular refusing Binomo to enter as a member of Cysec, you can see it here.
Hopefully, Binomo and all traders get a lot of success from every trade they carrying. And contribute to the investment climate of currencies and other commodity assets in Indonesia.