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Is Binomo Safe?

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

Yes, Binimo is safe, and you can trade there. Binomo is regulated by the International Financial Commission (IFC) and has been a category A member since 2018. 

IFC is an independent organisation that regulates brokers offering financial market services. The IFC has a compensation fund for all its members, protecting the traders by up to €20,000. 

Binomo is regularly audited by the VerifyMyTrade branch of IFC and is also certified by FMMC.

Overview

The trusted broker has clients in over 133 countries in the world. It has more than 887,470 active traders and 30,000,000 successful trades weekly. Binomo ensures the safety of traders’ funds by providing a proprietary trading platform that uses SSL protocol that ensures that all data is encrypted and secure. 

This way, clients’ funds stay safe in any trading conditions. The broker also values the client’s data and profile and makes sure that their financial information is protected. 

The broker understands that some sensitive information like credit card numbers, bank information, personal data to deposit and withdraw funds are needed to make transactions and make them highly protected. 

The protection benefits the traders and preserves Binomo’s reputation.

Safe Trading Platform

Trading itself is risky, and a sub-par trading environment makes it worse. Binomo platform is made in such a way as to help traders not to lose their money in the volatile financial market. The platform has the following features:

Free Training 

The free training equips traders with the proper knowledge that helps them not to lose their money in the market. It has topics like ‘how to connect the SMA, the RSI and the MACD for a successful trading strategy in Binomo,’ “trading pullback with hidden divergence at Binomo,” ‘how to trade price action in Binomo,’ ‘how to catch tops and bottoms with Harami pattern,’ and many more powerful topics.

Technical and Fundamental Analysis Tools 

Traders have access to trade with tools like Moving Average, Stochastic, MACD, Bollinger Bands, Average True Range, Parabolic SAR, and Parabolic and fundamental tools like an economic calendar and so on.

Other Trading Features

Other features like fast trading features, real-time quotes that ensure the safety of traders are also available.

Conclusion

There are efforts on the broker’s part to ensure that the customer funds and information are safe. Binomo also provides traders with the right technical tools and environment for secure trading.

Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
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