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Binomo India Review – Is It Safe and legal?

Binomo is an online trading platform known for its investor-friendly trading accounts and accessibility features. Moreover, the platform offers 50+ assets to trade-in. Binomo’s objective is to provide high-level support and assistance to new and experienced traders. The trading platform is one of its kinds that provide the traders to earn bonuses by running different tournaments. To get more news about binomo review, you can visit wikifx.com official website.

Let's learn if Binomo is right for you? And can it be trusted for your investment? In this Binomo review, we will discuss almost everything about the trading platform and the features it offers to its users.
What is Binomo?
Binomo is an online trading app that provides binary trading options with its top-tier features. Owned by Dolphin Corp, Binomo was established in 2014. The trading platform is currently having 887,470 daily active traders from 133 different countries including india with an average of 30,000,000 successful trades per week. Unlike other trading apps, Binomo offers 70 different assets including indices, stocks, commodities, cryptocurrencies, and currency pairs with you can trade on the platform.

The best thing about Binomo is you can start with just $10 and start trading with just $1. In order to facilitate and encourage new traders, Binomo provides the feature of a Demo account that imitates the real trading features with $1000 of bogus money so the users can learn trading tactics before investing real money.

Binomo trading app offers its traders three different account types named Standard, Gold, and VIP. Each account type has different investment criteria and requires different unique revenue criteria, benefits, and bonuses.
Is Binomo A Scam?
No, Binomo is not a scam rather it’s a legitimate online trading platform that is used by thousands of traders every day from 133 different countries across the globe. The trading platform is regulated by the International Financial Commission and is categorized as member “A” . Being a member of the IFC, Binomo reaffirms its utmost commitment to maintaining the highest standards of trading and business practices.

The IFC has officially recognized the Binomo trading platform and ensures all of its clients' risks are covered under current legislation which includes up to $20,000 in protection for case disputes.

For its excellent service and efficient trading performance, the trading site was awarded Verify My Trade accreditation of trade quality. In 2015, the trading app received the FE award, and later in 2016 for excellence in global finance and markets. All of these safeguards and achievements are additional proof of the platform's legitimacy and dependability.

How to start trading on Binomo?

Registration
In order to start trading on Binomo, you need to get registered on the platform. Getting registered on Binomo is extremely easy. You need to provide your basic details including your name, contact number, address, email ID, and payment method. Upon entering those details, the information gets validated by the platform and you get registered as a trader.

Demo Trading
Binomo offers its traders the feature of experiencing real trading to help them learn the dynamics and tactics of trading. The demo account imitates the real trading interface and allows you to learn new strategies and practice trading without investing a penny. It is provided with $1000 of virtual money to start bidding in the demo trading account. The objective is to facilitate traders in learning without investing real money.

Real Time Trading
Unlike other trading platforms, that requires a hefty amount to participate in the live trading sessions. Binomo asks for a deposit of a minimal amount of $10 and allows you to start placing orders from $1 only.

In order to start live trading, you can select the asset you wish to start trading with such as EUR/USD, and start to follow the market trends, open a position and start analyzing whether the market goes up or down. Depending on your opinion if you invest you can profit up to 87%.