Binomo Review (Updated 2022): Scam or Legit?
What is Binomo?
Binomo is a binary options trading software and solution for financial traders. It provides them with the opportunity to trade on the financial markets and profit from the price fluctuations of various assets. Binomo was launched in 2016, so it’s a relatively new company on the market. In this Binomo review, we will analyze this company in detail and determine whether or not you can trust it as your partner when trading binaries.
The creators of Binomo have already created another binary options software called Grand Capital. The team consists of experts with over ten years of experience in binary options trading. They decided to develop new software, which is supposed to be more advanced and provide more opportunities for clients to make money.
Binomo Review: Company Info
So what do we know about the company behind Binomo? The truth is that there is very little information available about it. Binomo offers no information about its creators or office location on its official website. All you can find are the names of several specialists who are responsible for different parts of the software, such as payment processing, customer support, and marketing. However, these specialists don’t work for Binomo – they work for Grand Capital, another binary options platform created by the same people.
Binomo is an innovative and unique binary options trading platform that has rapidly grown in popularity.
Touted as being a “Genuine Alternative” to other binary options platforms, Binomo offers a range of special features. In this review, we look at whether it’s all it’s cracked up to be or whether you might be better off going with another broker.
Binomo is a binary options trading company that provides clients with an opportunity to earn high profits on their investments. Binomo has been around since 2018, and CySEC and FCA regulate the broker. The broker offers a wide range of assets for trading, advanced trading tools, and education materials, as well as 24/7 customer support service.
This platform works as a marketplace for buyers and sellers where traders can buy and sell binary options using cryptocurrencies or fiat money such as US dollars. So if you are new to cryptocurrency trading or if you’re looking for a new trading platform to use, you should give this one a try! For more information, visit Binomo reviews by Traders Union.
The Benefits of Using Binomo
Numerous benefits come with using Binomo, which is why it’s received so much attention from professional traders in the industry. Some of these benefits include:
• Low minimum deposit: You can deposit just $300 to start trading on this platform. Keep in mind that you need to have at least $300 worth of Bitcoin before you can start trading, but the great thing is that there aren’t any additional fees or commissions to deal with.
• High-quality educational materials: One of the best things about Binomo is its extensive collection of educational materials.
What Products Can I Trade With Binomo?
You can trade binary options on any financial market: stocks, indices, currency pairs, and commodities. The trading platform allows you to open a position on virtually any product. The most popular ones are EUR/USD, GBP/USD, BTC/USD, gold, Brent oil, and Apple stocks. To trade on any other asset besides these, you have to contact their support and ask for permission.
Binomo: Scam or Legit?
Let’s begin with the most common question: Is Binomo a scam?
We have to answer it by saying that Binomo is NOT a scam. It has been established by a group of real professionals and licensed traders who know what they’re doing. Binomo is a fully regulated broker with a license issued by the international financial regulator – the government of Curacao. As you can see on their website, they are licensed and regulated by the International Financial Services Commission (IFC).
The second question is: Is Binomo legit? Well, honestly, if you want to put $300 in your account, go ahead and try it. You don’t have anything to lose at this point because it is not a scam, and it does pay its members as long as you have realistic expectations and understand how binary trading works. But if you want to put $10k or even more into your trading account, you should know some things about this company first.