Binomo is a binary options broker that was launched back in 2014. Over these three and a half 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 – is Binomo a 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 an organization known as CROFR, which is one of Russia’s governing bodies when it comes to financial markets. The fact that Binomo is regulated certainly is a big plus, but you have to go deeper in an investigation like this. We also found out that the Binomo will receive their CySEC and CPO licenses soon, which will make this website one of the most strictly regulated in the industry. The company has also received several prizes for their work, including the 2016 IAIR award for the best broker in Southeastern Europe and the prize for the best broker for beginners at Forex Expo 2015. Therefore, it is quite safe to say that Binomo has been recognized on an international level as a legit company. But we want to know more, so stay tuned.
Is Binomo a Scam? | In-house platform
In order to see is Binomo a scam, we will now brush upon things we analyze more thoroughly in our Binomo Review 2017, but this time, obviously, from a security perspective. Although the company has created its own trading platform, everything works as smoothly and as accurately as one could hope for. The reason for this is that the quotes come from several different agencies, so there is no chance for a Binomo scam with the trading data coming your way. The same can be said for monetary transactions because our money was delivered to us on time every time and we experienced no withdrawal problems whatsoever, no matter which method we used. You can rest assured your account will be protected because a reliable Comodo SSL encryption system is used to oversee everything, especially when it comes to payments.
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 won several prizes since its launch and they’ve even created their own trading platform which is 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.
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