What Is Binomo? Legality and How to Avoid Being a Victim

What is Binomo? Surely you already know several domestic and foreign brokers that have been in great demand by traders to be able to bridge them in getting profits. This time we will discuss the Binomo platform which has reaped many pros and cons for traders. For more details about the pros and cons, you can read the article below. In addition, you can also read Indodax: Explanation, Legality, Coin Prices, and Advantages.

What is Binomo? Binomo is an online trading platform that is known for its commitment to low minimum trades and a variety of additional features that are beneficial to both new and experienced traders. This trading platform is on its way to becoming a well-known online trading site worldwide. Binomo is one of the most well-known trading platforms.

The purpose of the proprietary trading platform is to provide high-level support and assistance. Binomo also provides courses to help users improve their trading skills, guarantees client assistance, and provides analytical services. Binomo's headquarters are in St. Vincent and the Grenadines.

The trading platform was launched in 2014 which allows traders to earn. As a result, it can support high-level services as well as various intellectual products. Brokers on the Binomo platform pay attention to the preparation that traders learn.

Some new traders on the platform ask about what is how to play Binomo, only to realize that it is not a game. Before entering trading, beginners should understand how important it is to learn everything there is to know about the platform, including how to use tools and read charts. Before going to the Binomo site, where you will find many useful tips and lessons.

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• To start trading, you need to log in to a real account. You can check this in the top right corner, just above the chart.
• After making sure you are using a real account, you then choose the asset (for example, EUR/USD) you want to trade.
• Set the time and amount of funds you want to trade.
• Then, you click on the green or red button to indicate the direction you predict the chart will go.
• Wait for the time you have set to expire and if your prediction was correct, your earnings will be paid directly to your account.

To create an account on Binomo and log in easily, follow the steps below.

• Open the official website or in the application, click Binomo login page.
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• Select English or another available language in the top right corner.
• Sign in using your Google/Facebook account or email address and password.
• Select the currency for trading. The account currency cannot be changed once created.
• Read and agree to the terms of the Client Agreement and Privacy Policy to avoid violating platform restrictions.
• Finally, click "Create Account", and you are done.

You must delete the old account before opening a new one. It is against Binomo rules to have multiple accounts. It is worth noting that the company may request documents proving the identity of the account holder. Thanks to Binomo's automated verification system, it now takes just a few minutes (vs. IQ Option, which used to take days).

You may ask, is Binomo safe? Is Binomo legal in India? Given the number of scams on the internet, your concerns are understandable. However, with Binomo, you don’t have to worry. There are many positive Binomo reviews in India on the internet. Also, you can check the app reviews on the app store if you need more convincing that Binomo is not a scam. Dolphin Corp (Binomo’s parent company) is registered under the laws of Saint Vincent and the Grenadines (RN: 25151 IBC 2018) and its office is located at First Floor, St. Vincent Building, 10000, New Delhi.

First Vincent Bank Ltd, James Street, Kingstown, St. Vincent and the Grenadines. Also, Binomo is a category “A” member of the International Financial Commission. This status guarantees the reliability and professionalism of the company. If you are worried about the security and authenticity of the platform, there is no need to worry because Binomo is a safe and trusted asset trading platform regulated by the International Financial Commission.

• Since 2018, Binomo has been a Category A member of the International Financial Commission (IFC). The IFC is a non-profit organization that helps regulate financial markets, and the fact that Binomo is regulated and a Category A member speaks volumes about their brokerage reputation.
• IFC manages a compensation fund for all its members, which is beneficial for traders. That means that if something happens to Binomo and funds are compromised, traders will be covered up to €20,000. This protection ensures that traders’ funds are protected and Binomo recognizes the value of their resources.
• Binomo is certified by FMMC in addition to being a Category A member of the IFC. They are also regularly audited by the IFC’s VerifyMyTrade department. These regular audits, as well as their independent certification, prove the integrity of the Binomo broker.
• Binomo juga sedang dalam proses mendapatkan lisensi dari CySEC. Regulasi penting bagi pelanggan internasional saat memilih broker, dan sertifikat, audit, dan regulasi ini menunjukkan bahwa Binomo adalah broker terhormat dengan situasi perdagangan yang menguntungkan.

Another way to ensure that the platform is not illegal but safe is to find reviews of the website and app on the internet. You will see positive feedback on credible forums for traders and brokers explaining their experiences. For more information on whether Binomo is a scam and fraud or legit and safe, click here . You can also check more details about the company, such as contact information and head office address, through their website . Also, check their LinkedIn profile for the latest updates. The platform regularly notifies its users about changes in its news feed.

What is Binomo and how does its affiliate work? has a program that allows you to work with Binomo as a partner. Binomo affiliates attract new traders to the platform and earn profits based on their trading activity. Affiliates can earn profits by attracting new traders to the Binomo trading platform. For each user you attract, you will receive 50-70% revenue share on the entire trading activity of that trader. In other words, as an affiliate of the trading platform, you have the opportunity to earn a share of Binomo's trading turnover.

The minimum deposit amount is $5 for India and $10 for other countries. Trades can be completed with any amount from $1 to $1,000. It is possible to credit the account using a credit card or popular online e-wallets. Withdrawals are free of charge from the trading platform. The main advantage for Binomo traders is the availability of a free demo account that can be replenished in the amount of $1,000.

This gives new users the opportunity to learn how the platform works and they can use the account in the future to work out new trading strategies. About 20 million trades are completed every week on the trading platform. This once again confirms what was said about the number of active traders who trust Binomo with their investments. Let's discuss in more detail how to register for an affiliate program.

Any Internet user over 18 years old can join the affiliate program. To do this, go to the BinPartner website and fill out the form on the main page. Next, you need to contact the support team and the manager will give you full information about your first steps and valuable tips on how to increase conversion. Choosing BinPartner will open up a number of quite significant advantages. There is no upper limit on earnings for BinPartner affiliates.

This system does not limit you in the number of clients you can attract and, as a result, also generates profits. Every day, each affiliate receives from 50 to 70% of the income from the investments of clients attracted to Binomo. This is a fairly high interest rate compared to other affiliate programs. In addition to directly attracting clients to the trading platform, you can also invite other affiliates using a unique referral link. In this case, you will receive 5% of your referrals' income. Benefits of the Binomo affiliate program:

• Guaranteed profit from every client and high reward rate.
• Individual approach to each partner and helpful customer support.
• Wide selection of customized promotional materials, etc.

5 steps to your success by becoming a Binomo affiliate

1. Register
2. Contact our support team
3. Get advice on getting started and tips for maximizing conversions.
4. Use the entire range of promotional materials to engage new merchants
5. Earn a strong and stable income

There are several cases regarding what Binomo itself is. Here are some cases that have occurred in Indonesia. The cases are:

1. The alleged fraud case under the guise of binary options trading involving Indra Kenz. His clients were deceived and wanted to enter the world of trading because of the content containing an invitation uploaded by Indra Kenz. Where, in the content, Indra Kenz allegedly taught trading strategies in the application and continued to show off his profit results. However, the victims who joined from gradual profits always ended up with losses. He promised a profit of 80 to 85 percent of the value or open trade fund determined by each trader or victim. The estimated value of the loss of victims of fraud under the guise of online gambling applications or Binomo binary options (binary options) reached IDR 3.8 billion.
2. Investigators from the Directorate of Special Economic Crimes or Dirtipideksus Bareskrim Polri are investigating an investment fraud case under the guise of Binomo binary options trading. Although it is suspected that the server is abroad, investigators suspect that the owner of the Binomo trading application is in Indonesia. An in-depth investigation was carried out through the payment gateway used by the perpetrators of Binomo transactions in Indonesia. The search for this payment gateway is a step by investigators to find and determine other parties besides Indra Kenz.
3. An employee of a state-owned bank in Banjarmasin, South Kalimantan, Arini Listiani Chalid, caused the state a loss of Rp1.1 billion. The value was obtained based on the results of an internal audit after Arini used customer funds to trade binary options using Binomo. The defendant said she had been using the Binomo trading platform since 2019. She used customer savings accounts as collateral for loans, which were then reused to make transactions through the Binomo application.

Binary options trading has become a hot topic of discussion among Indonesian netizens over the past two weeks after dozens of people said they had fallen victim to fraud. In an official press release issued on Wednesday, the Indonesian Commodity Futures Trading Regulatory Agency, or Bappebti, announced that 92 unlicensed binary options sites such as Binomo, IQ Option, and Olymp Trade have been blocked by the Indonesian government. According to Bappebti, binary options are a form of online gambling and are illegal in Indonesia.

According to the U.S. Securities and Exchange Commission (SEC), a binary option is a financial instrument in which the payoff is all or nothing, and depends on the outcome of the position during the life of the option. Typically, traders need to guess whether the price of a particular asset, such as a stock, currency, or commodity, will rise above or below a specified level at a specified time.

Traders who hold positions in binary options do not have the right to buy, sell, or hold the underlying asset. Platforms like Binomo and Olymp Trade have affiliate programs that benefit users or brokers if they bring new clients to the site. An Indonesian influencer named Ichal Muhammad, who works as an affiliate for one platform, said in a podcast that binary options sites lure amateur traders by promising high returns.

Follow these basic safety rules to stay safe while trading. There is nothing groundbreaking here; they are based on the most common situations you may encounter:

• Never send money to people you don't know who contact you via Twitter, Telegram, Instagram, etc.
• Do not give your account credentials to anyone offering to trade or invest for you.
• Ignore offers to increase your returns, double your balance, etc. Easy money is never a reality in trading. It always takes time and work.
• Use different passwords for your trading account and email. If a hacker breaks into your email, you could lose all your personal data on your other accounts as well. Set up two-factor authentication on your email for extra security.

Typically, scammers’ activity against users is that fraudulent binary options website operators go to great lengths to recruit investors. They advertise their platforms—often on social networking sites, various trading websites, message boards, and spam emails—with big promises of easy money, low risk, and superior customer service. Potential investors are also called from boiler room operations, where high-pressure salespeople use phone banks to make as many calls as possible to offer “once-in-a-lifetime” opportunities.

What’s being done to combat binary options fraud? The FBI currently has a number of ongoing binary options fraud cases, working with partners such as the CFTC and the Securities and Exchange Commission (SEC). And this past January, the Bureau hosted the 2017 Binary Options Fraud Summit held at Europol in The Hague, bringing together law enforcement and regulators from across North America and Europe to discuss the growing problem of binary options fraud.


After knowing about what Binomo is, along with its legality, how Binomo affiliates work, Binomo cases in Indonesia, Binary Options, how to avoid being a victim of Binomo or binary option fraud, then you can distinguish and be more careful about which brokers are trusted or which brokers will commit fraud. That way the funds you have will also be safe.

In addition, you can also try trading on the GIC platform which offers various advantages and features. There is no need to doubt the legality of GIC, because GIC is a legal technology company founded in Singapore and has received an official legal statement from the Singapore Law Firm RHTLawTaylor Wessing LLP regarding the issuance of GICT tokens. In addition, in Indonesia GIC with the Global Investa Cakrawala business entity has collaborated with legal Brokers, Traders, and Exchanges under the supervision of BBJ, KBI and Bappebti. With registration number:

• Global Investa Capital Pte Ltd : 201806666Z
• Capital Megah Mandiri : 733/BAPPEBTI/SP/6/2005 

CMM as a trader will accommodate orders from Traders if the Equity from the global Market Maker is insufficient.

• Trijaya Pratama Futures : 407/BAPPEBTI/SI/VII/2004

TPF will report forex transactions that occur at GIC to BBJ and KBI

• Successful Eka Success: -

All deposits for GICT purchases are stored in a segregated account of PT BES appointed by Bappebti. So, what are you waiting for? Immediately download the GICTrade application and register on the application so you can trade and gain many benefits through the strategies you have.