Binomo.bid Reviews Binomo Bid, Another Risky Investment Offer

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Binomo.bid Reviews: Binomo Bid, Another Risky Investment Offer

Binomo Review: Is Binomo bid a reliable investment? Read our review to see what experts have to say about Binomo Investment Company..

Binomo claims it can help you grow your money. Is Binomo.bid really paying? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams.

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In this review we provide you information based on our investigations and user experiences to help guide you make the proper decision.

BinomoBid Scam Review: Disturbing Things Found

Though this site might appear legit to a newbie, the truth is that it is just a wishy washy HYIP designed in such a way to convince unsuspecting investors. Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP?

It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested. Thus, the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. However, the system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries like the USA are not in actual sense located there.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. Often times they might run an ads through the google ads academy or even get a youtube ads making them look legit. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

The Difference Between a SCAM and Genuine Investment

It is true that most of this high yield investment platforms look like the real deal, thus confusing us.However, there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-

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  • BINOMO
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  • ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
  • History- Does the platform have a history? Can the company behind it be found online?
  • Transaparent– How transparent is the information on the website?
  • Contact– Can you reach them? Is the address made available on the platform?

Binomo.bid i s not a legitimate investment platform . Don’t be deceived by their promises.

Conclusion-

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. .On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Binomo Review

Binomo

Broker Binomo
US Traders Accepted
Company Name Dolphin Corp.
Headquarters Saint Vincent and the Grenadines
Regulation The Financial Commission
Bonus Type Match bonus
Bonus Size 100%
Max Payout 87%
Out-of-Money Reward 30%
Trading Platform Proprietary
Deposit Options Credit or debit card, bank transfer, Yandex.Money, QIWI, WebMoney, Neteller
Deposit Currencies US dollar, British pound, euro, Russian ruble
Minimum Deposit $10
Minimum Trade $1
Maximum Trade $1,000
Online Since 2020
Trading Instruments Currencies, commodities, stocks, indices
Number of Trading Instruments 73
Binary Option Types High/Low, Turbo
Customer Support Types Skype, email, web form, paper mail, live chat
Education Offered Glossary, FAQ, basic how-to pages, knowledge base, video tutorials, strategies
Tools Offered Tournaments, analytical support, account manager, cash-back, fast withdrawals
Commission $10 minimum withdrawal threshold. You need to meet a 2x turnover requirement to withdraw fee-free; otherwise a 10% fee will apply.
Awards
  • 2020 Forex Expo Awards — the best binary options broker for beginners
  • 2020 IAIR Awards — the best binary options broker in Southeastern Europe
Languages English, Spanish, Turkish, Chinese, Indonesian, Malay, Thai, Vietnamese, Portuguese
Demo Account Yes, no restrictions

Binomo is a binary options broker we originally checked out back in 2020. The site is owned and operated by Dolphin Corp., a company located in Saint Vincent and the Grenadines. Since our initial review, the company has made a number of changes to its site and services, some large, others small. At first glance, we thought Binomo had improved, but taking a closer look, there are still some glaring problems.

In terms of rules and regulations, Binomo still does not accept customers from the USA. They are a member of the international self-regulating body The Financial Commission.

Opening Your Binomo Account

You can fund your account using credit or debit card, bank transfer, Yandex.Money, QIWI, WebMoney, or Neteller, and may trade in US dollar, Great Britain pound, euro, or Russian ruble.

Binomo now offers account tiers. In the past, they didn’t. You can choose from:

As best as we can tell, bonuses are only offered at the VIP level (up to 100% match on your deposit). These bonuses are larger than the match bonuses which the company offered in the past.

At the most basic level, you can get profits up to 85% on winning trades. You may also participate in tournaments (which are new since the previous review as well). Profits can be withdrawn within 3 working days. Reportedly, if you top up your account, a “wide range of bonuses” are available.

At the Gold level, the assets list is expanded, trades yield profits as high as 86%, and withdrawals can be made within 24 hours. You also get a personal manager and get 5% weekly cash-back. At the VIP level, profits can range as high as 87%, and you can withdraw in under 4 hours. You get a wider asset list, analytical assistance on Skype, the ability to insure your trade, and 10% weekly cash-back.

Binomo now makes a demo account available as well so you can practice on their proprietary platform before trading live with real funds. This looks to be a great feature, because it seems to be unrestricted. You can use it as long as you need to and only risk real money when you are really ready to trade live.

Withdrawal rules are unchanged. There is a $10 minimum threshold (not bad). So long as you have turned over the funds in your account twice, your withdrawals are all free. Otherwise, you have to pay a 10% fee.

Trading on Binomo

Binomo’s proprietary platform looks much as it did last time we looked at it. It has a sleek, minimalist vibe, and stands out visually from other trading platforms which are commonly used by competitors.

Binomo originally had a $1 minimum trade size and a $1,000 maximum trade size. They then raised this to $2 minimum and $2,000 maximum. Since then, they have dropped it right back down to $1 and $1,000 respectively. This is sensible and in keeping with the small account holders that Binomo is targeting with its services. After all, you only have to deposit $1,000 to get a VIP account with top tier benefits.

Trade tools like early close, double up, and rollover are still absent. There have however been some useful new educational features added which can help you with your trading. There is a knowledge base, video tutorials (those are really basic though), and strategies. There are actually quite a few strategies, so that is one of Binomo’s better features.

Customer Service Remains Quite Useless

In theory, you can reach customer service on Binomo via Skype, email, web form, paper mail, or live chat. There is however little reason to have any faith in the company’s staff given my experiences.

Over a year ago, we had sent the company an email asking them for their full asset list. We have never received a reply.

Today we started a live chat and asked another simple question. The agent, one “Nikolay,” left us a form response stating, “Hello. Please send your message to our e-mail ([email protected]), the English-speaking manager will answer it as soon as he’s back to work.”

This inspired no confidence, being as we have previously emailed a question to the company and received no response in over a year. So we wrote back telling the agent as much.

The agent then left the chat without another word, which essentially confirmed exactly what we had said. We realize if he really did have a language difference, perhaps we are being overly critical here, but if he didn’t, what he did was blatantly unprofessional. Regardless, between these two incidents, we are not impressed by Binomo’s customer service, which seems virtually nonexistent.

Conclusion: Binomo Has Improved in Some Departments, Remained the Same in Others

Binomo has certainly evolved in certain respects. The demo account, tournaments, and new account tiers all are definite steps forward when it comes to improving features. Educational resources have been expanded, and new promotions like cash-back add value to the account packages.

But nothing has redeemed Binomo’s terrible customer service. In fact, the team has remained consistently useless. We would not feel at all comfortable sending money to a company that cannot be bothered to answer the simplest question, and which leaves the chat line without waiting for us to leave first (after ignoring our last statement).

At this point, we would give more or less the same recommendation we did in the past. We will not say you should definitely avoid Binomo, but if you do trade at this site, do so with great caution. Use the site to demo test or to trade with a minimal investment. Otherwise, consider heading elsewhere; there are many brokers offering better service and where we would feel more comfortable referring traders.

Asset Gates Review: Is Assetgates.com Legit Or Scam?

Assetgates.com Review: this is the website of a broker that is located in the offshore region of the Marshall Islands. Is it safe to invest funds with Asset Gates? Since this is an offshore based brokerage, funds safety is not assured. Find out more about this company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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Asset Gates reveals that it is operating from the Marshall Islands, which as we stated is in an offshore region. Forex trading goes on without proper regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of Asset Gates

The broker offers clients “exclusive access to world-class trading platforms and favorable trading conditions”. They claim that this will help clients to become successful traders. There are multiple fund deposit and withdrawal options giving traders flexibility and freedom. Their conditions are also stated to be transparent, secure and reliable.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Asset Gates Trading Platform

The MetaTrader 4 trading platform is made available for clients of AssetGates. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are forex currency pairs as well as CFDs on cryptocurrencies. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:100 and while this may seem generous, it is not advisable. High leverages can lead to a huge loss of funds as well. Spreads start from 0.1 pips.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Asset Gates

The means of making deposits and withdrawals with this broker are VISA, MasterCard, Bank Wire, American Express, Bitcoin, and ethereum. We are discouraged that e-wallets are not named because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required to trade with the broker is not disclosed. This is another discouraging discovery as we know that the obtainable average among brokers is from $100 to $250. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Asset Gates Licensed?

No. Asset Gates is not a properly licensed and registered broker. Even if anyone comes across a mention of licensing from this firm, so long as it is based in the offshore location, it is not likely to be a trustworthy one.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get in touch with the broker or an agent of its customer service, dial +442031908717 or email at [email protected]

Conclusion

Asset Gates is not a properly licensed broker and is thus rated low by us. The trading conditions are not clearly stated. It supports a MetaTrader platform and gives some impressive trading instruments. The spreads on the demo account are too low and unrealistic.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

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