Binomo Review India - Binary Options Broker for Indian ClientsUp to 90% profit for winning trades, IFSC Regulated, Bonus Deposit and Accepts Indian Traders
- Reliable broker since 2014 accepting Indian traders
- Free Demo Account with $1,000 virtual money to learn and practice
- Binomo India Review – Trustworthy broker with an excellent track record
- Fund deposit and withdrawal methods acceptable for Indian traders
Binomo India Review
Binomo is in Binary Options Business since 2014 and has become a renowned brand in the Financial market by now. The main advantage of trading with Binomo India is its custom-built trading platform. This is not a typical type of platform used by other brokers due to its low cost. Binomo platform is customizable and has technical indicators inbuilt. The platform offers more than 80 assets to trade which include Currency Pairs, Crypto Currencies, Stocks and Indices.
Binomo platform is considered as one of the best in the market. It has several professional tools to help to analyze the market and make better trading decisions. This eliminates the use of third party software for analyzing the market.
Binomo platform does not require any installation on the computer, it has a pleasant interface with advanced functionality. You can change the platform look, expiry type, assets list and chart time frame and indicators on the chart. The platform doesn’t seem difficult for the novice and its preferred by the professional traders. You can access the daily market updates and analysis made by professionals and make use of them to enhance your trading. There are free webinars for you to participate and learn.
FREE DEMO ACCOUNT WITH $1,000
Platform Features – Binomo
- More than 15 indicators
- Scalable and customizable graphics
- Four modes of price information displaying
- More than 20 graphical tools
- Visual display of transaction and expiry
- Multiple Tab with multiple charts
- Keyboard shortcuts and one-click trading feature
- Easy and safe Indian payment systems for deposit
- Accepts PayTM, NetBanking, UPI, and Globe Pay
Why is Binomo better than other brokers in India?
The major advantages of trading with Binomo are
- Excellent trading conditions for beginners
- 24/7 customer service
- Unlimited Demo Account and free to use training materials
- You can open a real account by depositing $10
- Minimum investment starts at 1$
- Payout is up to 90% for winning trades
- Easy to use trading platform with several advanced features
- Built-in technical indicators
- More than 10 payment systems including Indian payment systems
Reliable Broker with accurate Price Quotes – Binomo Price Quotes
Binomo is a young and dynamic company which provide its customers with a reliable service. To give traders the best price quotes on assets, Binomo has tied up with Thomson Reuters, one of the best liquidity providers in the market. Thus traders can rely on the price quote of assets on the terminal as they are directly updated from Thomson and Reuters.
The reliability of Price Quote of Binary Options Brokers is an essential feature while selecting a Binary Options Broker. It is a deciding factor for short term trades which typically last for 30 seconds. If you trade with Binomo binary options broker, you can rest assured about the price quotes.
Binomo Deposit and Withdrawal of Funds in India
An excellent payment discipline is a good sign of any trading service providing company. Binomo processes the withdrawals within 24 hours. The amount reaches your e-wallet in within 3-4 hours of placing the request. And it takes 2 to 5 days for the withdrawn money to reach your bank account, which is the time taken by the banks and payment gateways involved.
Hence, you find that Binomo is very fast to process your withdrawal requests; they are not like the other brokers who intentionally delay withdrawal processing. Traders can make fund withdrawals using Visa, Mastercard, Unionpay cards. The eWallets supported are Alfa-click, Neteller, Qiwi, Webmoney, Yandex Money, and Cryptocurrencies.
Binomo has recently started to accept Indian local payment systems like PayTM, NetBanking, IndianCash, UPI, IMPS, and Globe Pay for funding of the accounts. This has made Binomo the most popular Binary Options Broker in India with so many easy to fund payment systems.
Is Binomo a scam Broker? What about the few adverse reviews online?
There are no such negative reviews about Binomo. Although we found a few negative reviews about the broker on some review websites, many of them are about technical difficulties faced by traders. Some of the bad reviews are by a few frustrated traders who lost money as an act of trading with Binomo. Binomo is a reliable Binary Options trading company with an excellent trading platform, and it processes fund withdrawals in less than 24 hours. Hence, it would not be wise to take those few negative reviews as a flaw with Binomo platform.
Therefore, the traders can trust Binomo for trading Binary Options in India in a safe and transparent environment.
Is Binomo a regulated broker?
Binomo complies with FMRRC and International Financial Commission. This means it performs its business as per the recommendations of these regulators and complies with their audits. Binomo observes transparency in its trading activity, safety, and security of clients’ funds.
Additionally, it complies with IFC as a Category A broker, which is an assurance of high-quality service and transparency of transactions. You can bring forward any complaints against Binomo to IFC who guarantees the clients up to $20,000b as compensation if the broker is found guilty.
Is Binomo legal in India?
Yes, as per the Binomo website, it is legal to trade Binary Options with Binomo from India. Binomo doesn’t accept traders from the United States and European countries. It doesn’t mention prohibiting Indian traders from trading with its platform. Now, the addition of Indian payment systems like PayTM, UPI, NetBanking, IMPS, and Globe Pay assures its legal status in India. However, the legal status keeps changing from time to time, and you should regularly update yourself about recent developments in your country. Additionally, you should always fulfill your tax liabilities for the income generated from trading binary options.
Binomo Review India – Conclusion
During our in-depth review, the Binomo broker in India satisfies all the safety checks, and it is reliable to invest with Binomo. You get to trade in a safe and transparent environment. You have a compensation assurance from the regulator IFC in case of any rare chance of unethical practice by the broker.
With FMRRC and IFC compliance, Binomo is one of the trusted names in the Binary Options trading industry. You can trade with them. Open a Demo or Real Account today. Don’t forget to check the Bonus conditions before you avail any Bonus on your deposit.