Quick Answer: What Is The Minimum Deposit In Binomo?

Is Binomo legit in Nigeria?

What is Binomo Nigeria.

Binomo Nigeria is a scam investment campaign that claims to pay investors double of what they invested within 45 minutes, and also claims that by investing in Bitcoin, FOREX, and what it called “CASH CHAIN” and “Kuwait currency”, it will pay you three times your investment within 15 minutes..

Which is better Binomo vs Olymp trade?

Olymp Trade vs Binomo Comparison. Both of these brokers offer trading on user friendly trading platforms. … Both brokers offer a similar maximum payout rate for their High/Low trading format, however Olymp Trade has a higher maximum payout rate for its Classic format.

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.

Is Binany safe in India?

Unlike many other countries, binary trading is illegal in India. As per the guidelines provided by the Reserve Bank of India, binary trading or any form of online trading of foreign exchange is not legal in India.

What is the best time to trade in Binomo?

What are the perfect trading hours for you?Preferred trading hours: morning to noon (5 AM to 12 PM) Highly volatile currency pairs: NZD/USD, EUR/JPY, GBP/USD. … Preferred trading hours: afternoon to early evening (12 PM to 7 PM) … Preferred trading hours: late evening to early morning (7 PM to 5 AM)

Is Binomo real Quora?

So finally, if you are just trading then you can go with this Binomo it is genuine and you can earn money, but trade wisely. Binomo is a scam. … Binomo is a broker and a trading platform on which you can earn by trading (increase or fall in currency exchange rates, stock prices and indices, commodities and other assets).

Is Binomo safe Quora?

Talking about Binomo, there are concerns to be raised regarding some of the conditions that this Broker offers. One of those points is withdrawal. While generally, the Binomo is not considered to be a scam, at some point it would have better been a scam rather than having epic fails with the conditions.

How do I deposit money on Binomo?

How to add funds / deposit money to Binomo?Go to mobile Binomo App or Website.Login or Open account.Click “Deposit” button.Select payment method.Select deposit amount.Go to payment page.

Binomo is fully legal in India. It is a legit business based in St. Vincent and the Grenadines. Traders from India are welcome.

How do I verify my Binomo account?

Binomo account verification requires you to complete the following steps: Verify your address of residence….Address of residence verificationBank account statement.Utility bill (Electricity, phone, water, etc)Tax statement.Official document with the stamp from the municipality.

Which is the best trading app in India?

Ranking of Best Trading Apps in India – List of Top 10 Mobile Trading AppRankTop Mobile Apps1Angel Broking App2Motilal Oswal MO Investor App3Zerodha Kite App4Sharekhan App6 more rows

How do you use Binomo?

Binomo was established in 2014….It is a convenient process, all you need to do is;Visit the Binomo website.Type your email address in the space provided.Then, create a strong password using a combination of letters and numbers.After that, you select your preferred currency.More items…

Is it safe to invest in Binomo?

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.

Is Binomo illegal?

Binomo is a specialist broker within the binary options trading market and has been in business since 2014. It holds current FMRRC certification as a broker and is therefore regulated by them. … As the law now stands, Indian citizens are legally allowed to trade in binary options.

Are binary options gambling?

Because every binary options bet you make has negative expected value exactly as do the games of chance in a casino. In fact binary options trading is not trading at all, it is a game of chance made to look like trading.

How does Binomo investment work?

At first you have to bet on the falling or rising markets. Pick the expiry time of the complete trade and go long or short. The trade automatically closes after the expiry time and then you can able to grab the high payment or else you will lose the amount that you have invested.

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.

When can we withdraw money from Binomo?

The average period of a withdrawal consideration is 24 hours. Maximum time you should get your money on a card or a wallet is 3 working days. The waiting period depends, among others, on the payment method you utilize. It is often faster when you withdraw money to wallet.

Is it illegal in UAE? It is legal to trade assets in UAE with Binomo.