by Whether it is worth investing and trading on Binomo or not has become popular in South Africa. Is it a safe trading platform or not; by whom is Binomo regulated? All of this catches the eye of potential investors. Unfortunately, this type of information can also be found not only on the official website but on unreliable ones that spread false data about companies.
Well, let’s find out if Binomo is fake or not and what certificates and awards it has.
Is Binomo real or fake?
There are many ways to check if the company is illegal or not. First of all, you need to find out if Binomo is registered and has an actual headquarters.
As indicated on the official website www.binomo.com, the company is registered in St. Vincent and the Grenadines, and its office is located there. Accordingly, Binomo is real and subject to the laws of this country.
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Regulations
The reliability of Binomo is checked not only by its registration and the presence of an official address. Regulations by various international bodies also evidence it.
Binomo has been a member of the International Financial Commission (IFC), which accredits it as a сategory “A” member since 2018. It means that all risks of traders trading on the platform are insured. Also, it confirms that Binomo is one of the safest trading platforms globally and not a fraud.
In addition, Binomo received a quality certificate of trades from Verify My Trade. This specialized service checks the quality of execution of trades on the platform. VMT works with the Financial Commission so that traders can objectively assess the quality of trade execution and be confident in their transparency.
On the Binomo website, you can also see the AML policy, which states that the company is compliant with the laws and regulations to combat money laundering. It makes Binomo wholly safe. The question of whether it is a scam or legit disappears by itself.
Awards
Binomo is regarded as one of the most secure and reputable trading platforms among traders. It’s worth noting that Binomo has a few prestigious international honors attest to its safety. For example, in 2015 and 2016, Binomo received the FE Awards and IAIR Awards for being the best platform for new traders and the best platform of the year, respectively.
Is Binomo safe in South Africa?
When looking for a trading platform, one of the most important things is to find out if it is a scam or not and if it has any potential risks. For example, trading on Binomo in South Africa is safe because the platform operates according to international standards set by financial regulators.
The platform also takes care of its clients by providing round-the-clock support. Whether it is trading on Binomo or withdrawing funds, support will resolve any issue as soon as possible.
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Trading risks
Binomo is an entirely secure platform that allows traders to invest and trade without fear of fraud. Thanks to its innovative solutions, highly qualified service, and first-class customer support, the company has become known in the financial market.
Awards and certificates prove that Binomo complies with international financial regulations and operates transparently. It can’t be called a scam because everything says otherwise.
But some trading situations can threaten your investment in Binomo if you make the wrong forecast. The price of an asset can quickly change in any direction, resulting in losses. Therefore, you should be aware of these risks before you start trading. You must always be mindful of the latest events, analyze market signals, use the strategies necessary in a given situation to make the best trading decisions.
