Binomo App is reportedly a well-known trading platform. If you’re interested in using this platform. Then, it’s highly recommended that you should know a few things. Especially about its background and the tools available. In this article, we’ll delve into the different tools. Along with functionality available on the platform.

Here, at first glance, the Binomo App trading platforms focus on technology. Moreover, as a user, you can take advantage. Especially the up-and-down movement of an underlying asset. Furthermore, Binomo is primarily designed for traders who are willing to take advantage. Especially the price movements of currencies, shares, and commodities.

What is a Binomo App?

Binomo App is reportedly an online trading platform launched in 2014. Here, it offers binary options and trading on various financial assets. Including currencies, cryptocurrencies, and commodities. This platform is reportedly owned by Dolphin Corp LLC. Based in St. Vincent and the Grenadines.  Now, they are serving over 1 million active traders from 133 countries. Including India since 2018. Furthermore, it’s mainly focusing on beginner traders. Here, it provides a user-friendly interface and a demo account with $10.000 virtual funds. Also, a low minimum deposit requirement of $10. The platform is further not suitable for experienced traders. Because it only offers basic technical indicators. Also, charting tools and a limited amount of tradable assets.

Binomo App – Overview 

• Company Name – Dolphin Corp LLC
• Company address – Euro House, Richmond Hill Road, Kingstown, St. Vincent and Grenadines
• Reg. Number – 915 LLC 2021
• Year of Inception – 2014
• Regulation – International Financial Commission (non-governmental organization)
• Indian Traders Accepted – Yes
• Payout Option – up to 90%
• Minimum Deposit – $10
• Demo Account – Yes, $10,000 with unlimited refills
• Available Apps 
  •  Google Play
  • Apple Store
  • APK
  • Galaxy Store
  • App Galery
  • Aptoide
  • Apptoko
  • Mac OS
  • Windows (for Google Chrome users)
• Platform Type – Self-Developed
• Trading Fees – No trading fees for fixed-time trades, low fees for CFD
• Available Assets – Stocks, Commodities, Indices, Currency Pairs, Cryptocurrencies

How does the Binomo App work?

Here, this app is primarily a binary options trading platform. Moreover, it’s also known as fixed-time trades. In binary options trading, you are predicting the price of an asset. Such as currencies, cryptocurrencies, or commodities. Further, it will rise or fall within a short timeframe, typically 1-5 minutes. If your prediction is correct. Then, you make up to 90% of profits. However, if your prediction is wrong. Then, you lose your entire investment.

Moreover, the platform provides various tools for traders. Such as charts, technical indicators, and educational videos respectively. However, binary options trading is very risky. Even if you understand the markets. Here, use a solid trading strategy and manage your money properly. This platform further offers CFD (Contract for Difference) trading. Especially for a few assets. Here, it’s more complex than binary options. Also, offers lower profits, but it is also less risky.

Important Features of Binomo App

• Use different charts
• Features more than 14 indicators
• Trade more than 60+ assets
• User-friendly and flexible
• Web app and mobile trading available
• Fast trade execution
• Easy to customize trading platform

Binomo App – Register a New Account 

• First, visit the Binomo website.
• Here, download it from the App Store or Google Play Store.

• Now, you can register a Binomo account through your email address. Such as Google or Facebook accounts.
• Here, start the registering process by using your email address, 

• Now, put your email address and a reliable password.
• Moreover, choose your account currency.
• Now, accept the required client agreement.
• If you’re using a Gmail account. Then, you can directly authorize the icon on your screen.
• Further, you can log in with the credentials you used.

Is the Binomo App safe?

Here, the safety of the Binomo App is questionable. Further, depends on your individual risk tolerance. Moreover, it’s an offshore broker. It’s also not regulated by any governmental or major financial authorities. Such as SEBI, CySEC, or the FCA. Further, this lack of strong regulation. Here, traders have no guarantee of fair trading practices. Or capital protection against fraud or bankruptcy. As a result, users often complain about delayed or denied withdrawals. 

Is Binomo App legal in India?

No, Binomo is not legal in India. Because it’s not registered with the Securities and Exchange Board of India (SEBI). A SEBI registration is reportedly mandatory.  Especially for all trading platforms operating in India. Therefore, it’s not operating legally in the country. Furthermore, the Reserve Bank of India (RBI) listed Binomo on its alert list. Especially “unauthorized electronic trading platform (ETP) for forex transactions. Under the Electronic Trading Platforms (Reserve Bank) Directions, 2018.”

Pros

• Very user-friendly
• $10 minimum deposit
• High earning potential, up to 90%
• Lots of payment options
• Makes trading exciting
• Is a member of the IFC, which gives traders protection up to €20,000

Cons

• High risk due to the nature of binary options trading
• Not regulated in India or by any strong international regulator
• Limited trade types and assets

Conclusion 

Binomo App is reportedly an online trading platform launched in 2014. Here, it offers binary options and trading on various financial assets. Including currencies, cryptocurrencies, and commodities. This platform is reportedly owned by Dolphin Corp LLC. Based in St. Vincent and the Grenadines.  Now, they are serving over 1 million active traders from 133 countries. Including India since 2018. Furthermore, it’s mainly focusing on beginner traders. Here, it provides a user-friendly interface and a demo account with $10.000 virtual funds. Also, a low minimum deposit requirement of $10. The platform is further not suitable for experienced traders. Because it only offers basic technical indicators. Also, charting tools and a limited amount of tradable assets.

Disclaimer 

Here, all the above information is only for entertainment purposes. However, we can’t guarantee that all the information is 100% accurate.