Bitcointalk Forum, Do You Know About the Site Binomo?

[Tuesdaynight]

Link : https://binomo.com/

I want to ask a question to the bitcointalk community.
1. Does Binomo include Crypto trading?
2. Has Binomo ever promoted ads on bitcointalk forums?
3. I often see Binomo ads on every youtube creator's content.
4. I tried to register using the DEMO/FREE version as even the trial seemed profitable.
I absolutely don't want to try to use the Paid version because it's beyond my limits. I got bitcointalk forum Information from comments. Curiosity, which led me to register on the bitcointalk Forum and ask this question.

[BitMaxz]

Actually, it's never been promoted here on the forum but it was mention here on the forum, and according to them that the site is a cheater and scammer.

Look at these two posts

- https://bitcointalk.org/index.php?topic=5344096.msg57250135#msg57250135
- https://bitcointalk.org/index.php?topic=1884971.msg22601553#msg22601553

And for me, my suggestion is better not to deposit on their site and it seems it's a binary exchange. I never heard of them before until today. So it's not safe to use them.

[LeGaulois]

Looking quickly on a search engine, it doesn't look good.
It's full of fake reviews and spammy blog posts from shitty websites just created for Binomo.

If the site is legit, I can say they really suck with their marketing strategy and the guys in charge of it should be fired without a notice....

This said I found this comment, which looks more accurate on how Binomo really works. So instead of rehashing the same argument, I post it here

Is Binomo a legitimate/safe binary options broker?
NO!!!

There are multiple reasons why you should not touch Binomo with even a pole:

- First and foremost - it is very much a casino. And the one true rule in a casino is that the house always wins. The chart that they show for Crypto IDX or other currency charts are detailed till the 8th decimal. You can never check that data from outside. Hence you cannot check if the chart that is being shown to you in real time is real or fake. In most cases, it is fake and is manipulated based on the amount of money you have put in the trade. Check their definition of Crypto IDX and you will know it takes 4 bitcoin currencies into account and also their respective liquidities into play (making the index tough to analyze or predict) or even check against any real market instrument.

- Discrepancy in demo and real trading accounts. Yes, they provide a demo trading account in which you place virtual money on bets. In demo trading you will win 8/10 times but as soon as you switch to real money, they will make sure that you never win and keep losing your capital.

- For people who think these are similar to options in NSE - the explanation is: In options contract, there are 2 parties involved - one who buys and one who sells the option contract. So if you win, you get the money that the other person paid for the contract. But here, you are betting against Binomo on the chart that is controlled by Binomo to win money from Binomo. Now think about the odds of that happening. Why would Binomo want you to win in that case, when it has the power to control the charts.

- I am telling you these after experiencing the platform first hand. I was lucky as I was able to figure out their tactics with just a small loss of 600 Rupees. I took multiple trades, and while I was able to win money on trades with 70–100 Rs. As soon as you put more money, you lost that trade. Also, people trading at different locations reported different values on the charts, which clarified all my doubts that the CHARTS ARE MANIPULATED.

So a piece of advice: pls dont try this platform to make quick bucks. You will mostly end up wasting your time, money and peace of mind. Any reviews/promotions on Youtube or other platforms are just adverts intended to lure more people in on this casino. There is a reason why the Indian govt. does not want to get involved with these apps, and I think that’s a smart move.

Also another warning, if for some reason you are not able to get money out of the platform using withdrawals, you do not have any recourse against them. You cannot file any official complaint against them in India, as they are not regulated by any trading body in the country. So for your own safety, keep away fellas. Peace!!!

[ShowOff]

Link : https://binomo.com/

I want to ask a question to the bitcointalk community.
1. Does Binomo include Crypto trading?
2. Has Binomo ever promoted ads on bitcointalk forums?
3. I often see Binomo ads on every youtube creator's content.
4. I tried to register using the DEMO/FREE version as even the trial seemed profitable.
I absolutely don't want to try to use the Paid version because it's beyond my limits. I got bitcointalk forum Information from comments. Curiosity, which led me to register on the bitcointalk Forum and ask this question.

This platform seem to be advertised quite often on YouTube in the last 1-2 years "if I'm not mistaken" and I haven't tried it myself until now. This is binary options trading which is probably the same as other famous site in my country Olymp Trade. There are a lot of my friend using that platform but once they know spot trading after I explain it, then they switch right away. OP, if you're not interested in that trade, why does this thread exist?

[DdmrDdmr]

If you go over the pages archived on TheWayBackMachine ("https://web.archive.org/web/20210101000000*/https://binomo.com"), you’ll barely be able to find a snapshot over the last couple of years that displays something other than a blank page or a spinning gif (if any), until the 16/09/2021. Prior years do not render any visible results, which suggests that the site was not up and running during much of the 2014-2021 period. Nevertheless, the entries posted on this thread indicate the opposite, that it was up and running, so probably there was some sort of problem archiving the snapshots.

The site is a semi-clone of https[colon]//forexpanda[dot]com, and has common text entries with sites such as https[colon]//dev[dot]bconbo[dot]com, http[colon]//cryption[dot]ai, and https[colon]//billiance[dot]io. Sites tend to copy each other, and this is a pattern we’ve seen on many scam sites, although one never knows who copies whom.

Regardless, if the site is not clearly a reputable one (and false entries on Trust Pilot and such are not a reliable source), then the chances are that you are playing with fire. So far, there are seemingly enough pointers to stay away from it.

[stomachgrowls]

Link : https://binomo.com/

I want to ask a question to the bitcointalk community.
1. Does Binomo include Crypto trading?
2. Has Binomo ever promoted ads on bitcointalk forums?
3. I often see Binomo ads on every youtube creator's content.
4. I tried to register using the DEMO/FREE version as even the trial seemed profitable.
I absolutely don't want to try to use the Paid version because it's beyond my limits. I got bitcointalk forum Information from comments. Curiosity, which led me to register on the bitcointalk Forum and ask this question.

1. Its binary option and way too different when it is compared to Spot but somewhat similar with futures/leverage.
2. I havent find one
3. Dont trust ads that you could see on youtube.Those are deceptive ones.
4. Doing trades on demo isnt the same when you are on the actual situation or going with live money

IQ option is a common option with binary trades including crypto.I would rather choose that one compared into this.

[Potato Chips]

3. Did they make it seem it's an easy money? for some reason all the binary options ad I encountered were always like that. I imagine an affiliate's ad being similar. One of the reasons why I would never try them.

Another is, it's pretty close to gambling. So might as well go for an actual gambling site and pick a fun game 

[Luqman]

Just stay away from Binomo because there are some issues that it is a scam. Although sometimes I saw its ads promoted by popular people, I can't trust it anymore. For me, there are too many other exchanges, why not choose the others? I suggest trading your coins on top exchanges only, they are the most trustable places for trading. But if you want to keep your coins, better to choose hardware wallets.