Global Broker Regulation Inquiry App
WikiFX
WoodCrusher 
1-2 years
Is Binomo a real or fake platform for trading?
Broker Issues
Regulation
08-08
United States
WikiFX
Reply
In my experience, Binomo is real, but it's unregulated, which makes me question its legitimacy for larger investments. It provides a user-friendly Binomo trading experience and a demo account, which can be useful for new traders. However, the absence of regulatory oversight raises doubts about whether it can be trusted for long-term Binomo investment. So, while it's real, I wouldn't call it fully trustworthy given the regulatory gaps.
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