Quick Answer: Is Binomo Banned In India?

Is Binomo Indian?

Binomo is a specialist broker within the binary options trading market and has been in business since 2014.

As the law now stands, Indian citizens are legally allowed to trade in binary options..

Which binary trading app is best?

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Which trading app is best in India?

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How do I get my money from Binomo?

7 simple steps to successful trading on BinomoSystem. Your trading on the platform should be systematic. … Account balance. The higher it is, the easier it will be for you in the future. … Capital management. Just like in the last point, we’ll give you specific numbers. … Limiting losses. … Training. … Controlling your emotions. … Market analysis.Dec 4, 2019

How does Binomo work in India?

Binomo is an innovative trading platform that enables people to earn money online. Anyone familiar with trading knows the ever-so-common situation when trades just stop going right. It is nothing to worry about. The most important thing is that you handle with your emotions properly and take control of the situation.

Is binary trading illegal in India?

Binary option trading has no legal permission in India. Since it is no different from gambling, many countries including India has outlawed the binary option. if you traded at a regulated and licensed broker You have options. If you traded at an unregulated broker, will make it MUCH HARDER to take legal action.

How can I withdraw from Binomo in India?

You have to be logged into your Binomo account. Click on your profile icon in the top-right corner of the platform. Then choose “Cashier”. You will be redirected to the page on which making a withdrawal request is possible.

What is the minimum deposit in Binomo?

$10The minimum deposit on Binomo is just $10 (140000 IDR) and the minimum investment is $1 (14000 IDR). After the registration, you have to assign bank cards or e-wallets for making transactions.

Which is the best binary trading app in India?

The four top platforms IQ Option, Olymp Trade, Binary.com, and Binomo are great choices when choosing a binary trading platform. You can even sign up for all of them and have multiple accounts to use.

Can I withdraw money from Binomo?

Withdrawing profit from the Binomo platform Withdrawing money from Binomo is available only to the same account from which it was deposited and after passing the verification procedure. The average time to receive money usually does not exceed one working day.

How do you make money with Binomo?

To make a profitable trade through Binomo platform, all you need to do is set up the terminal with effective trading strategies. The strategy will depend on the market and asset movement. For new traders, it is advisable to trade according to the risk management rule that is widely accepted by countless traders.

Is Binomo safe?

No, Binomo is not a scam. Binomo is a legitimate online trading platform that is used by thousands of traders everyday from 133 different countries across the world. This broker is a category “A” member of the IFC (International Financial Commission), which includes up to $20,000 in protection for case disputes.