Binomo is a platform for investment and trading online. Some people have questions such as “Is it a scam or legit?”. Reading this review you will get clear answers on whether Binomo is safe or not including the information about certificates.
Is Binomo a scam or not?
Asides from having a solid work experience since 2014, the platform has been a member of the Finance Commission since 2018. It is a dedicated international organization that provides a guarantee for traders who may have a dispute with Binomo.
The fact that Binomo is not a scam is also confirmed by a voluntary audit by Verify My Trade (VMT). The specialized organization checks 5.000 executed trades monthly.
Regulation and certificates
Based on the VMT checks, the platform received a certificate of quality of trades. Binomo also has certificate proving membership and regulation by The Financial Commission. You can view it on this official site: https://financialcommission.org/binomo/.
If there are disagreements about terms on how the Binomo platform works, users are always advised to contact the Help Centre within 30 days of the occurrence of that issue. In cases where the customer is still aggrieved, they can appeal to The Financial Commission which provides compensation for up to €20,000. This fact makes it near impossible to accuse Binomo of fraud.
Trading Platform Awards
If you are still not sure if investment and trading platform is real or fake it will be useful for you to know that Binomo was given the following awards:
- Best platform for beginners (2015 FE Awards).
- Platform of the Year (2016 IAIR Awards).
Is Binomo investment legit?
Binomo is a legal company which is registered in accordance with the laws of St. Vincent and Grenadines. It operates in at least 130 countries including India, Pakistan and South Africa. It is available for beginner and proficient users looking to start trading or increase their trading skills.
The main reasons for the popularity of the Binomo platform:
- A free demo account of virtual $1000 with access to 30+ assets in different classes.
- In addition to a demo account, there are 3 more types of accounts: Standard, Gold, and VIP. The higher your status, then more benefits you get. More details are on the Binomo website or app.
- Minimum deposit is $10 and a minimum trade amount is only $1.
The reliability of Binomo is also powered by cooperation with globally recognized payment services such as bank cards and e-wallets (Skrill, Advcash, etc). These partnerships demonstrate once again that investment in Binomo is legit and real.
Binomo is safe
We hope this review has provided to you that there is no reason to think that trading on binomo.com is illegal. The platform is regulated by independent international organisations, that means it’s safe, and not a scam or fake.
However, trading carries with it some elements of risk. Users should be aware that Binomo doesn’t offer financial advice in any form. The platform also doesn’t provide any guarantees that you won’t lose your invested funds totally or partly. Before making trades with real funds you should complete training and practice on a demo account, learn to read charts and analyze the market.