Binomo Scam Test

Is Binomo a Scam?

Is Binomo a Scam?

Binomo is a binary options broker that was launched back in 2014. Over the following years, the company has developed quite a reputation in the industry, primarily because of some of the numbers they have in their offer. You see, their financial requirements are quite low, but you can still profit big time if you trade with them, which will certainly appeal to many people. However, that may also raise one important question – do you need to be afraid of a Binomo scam? To answer that once and for all, we decided to take a long hard look at the broker’s security system and see whether it has any flaws. Keep reading, everything you need to know is in this text.

Is Binomo a Scam? | Licenses and prizes

If we are to genuinely see is Binomo a scam or a legit broker, we first have to look for their license. Sure enough, they have one. They got it from the International Financial Commission, and they have been listed as an A-category broker by that commission since May 2018. This also means that Binomo’s traders can get compensated in the amount of up to 20,000 EUR if the broker fails to deliver on its promises.

Furthermore, Binomo has passed an audit by Verify My Trade, a service that checks trade execution by various companies. According to the broker, Verify My Trade audits 5000 trades conducted on Binomo’s platform every single month, and they have found the broker to be perfectly reliable and trustworthy. That’s why Binomo has its own Verify My Trade Certificate. It should also be said that Binomo has a fully registered office in Sofia, Bulgaria and that it has won a number of prizes for its quality over the years. But that’s just the beginning!

Binomo Tournaments

Binomo Tournaments

Is Binomo a Scam? | Payment protection

In order to see is Binomo a scam, we will now brush upon things we analyze more thoroughly in our Binomo Review 2020, but this time, obviously, from a security perspective. And the most important thing for this kind of company, of course, is that all payments are perfectly secure. 

You will be happy to know that MasterCard SecureCode and Verified by Visa certificates are both present, which means that the company uses the latest technology to protect every transaction that goes through their website. There are also detailed instructions on how to verify payment methods, which comes in really handy because it clears up any potential misunderstandings. After trading (and thus depositing and withdrawing) here for quite a while, we can say that we experienced no payment problems whatsoever. Our every transaction went through as expected.

And even if you do encounter a problem, the excellent support team will quickly resolve any issue. To put the cherry on top of all this, we will mention that the quotes here come from several excellent agencies, which means you can rest assured you have the latest info. 

Binomo Trading Platform

Binomo Trading Platform

Is Binomo a Scam? | Conclusion

Honestly, we see no reason to have any doubts about is Binomo a scam or not. They are a regulated broker that has even won several prizes since its launch and are backed by several data providers. We can testify that we saw no evidence of any kind of Binomo scam, especially in terms of traders’ finances where the broker really excels. In short, you have nothing to worry about – open an account on this website and you will gain a professional and reliable business partner. 


Author's overall rating:
Author: Mark Watson

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