BinomoFX Review: Scam or Legit Broker? binomofx.com is a forex and binary options broker binary that is focused in cryptocurrencies. It offers trading in a huge range of cryptocurrencies like like Zcash, EOS, Ripple, Monero, Ethereum Classic, Stellar, Dash, NEM, Lisk, Litecoin, Bitcoin. This broker is owned and operated by the company – Gembell Limited and have their address at Marshall Islands.
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BINOMOFX TRADING PLATFORM
This broker uses a web trading platform for CFD and Forex trading.
DEPOSIT AND WITHDRAWAL METHODS
The available methods are Bank Wire transfer, MasterCard, Visa. The minimum deposit is $400
Is BINOMOFX.com LICENSED?
NO! BinomoFX broker is not licensed. No regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market. They claim to be regulated by the International Financial Market Relations Regulation Center (IFMRRC) with the license number- TSRF RU 0395 AA Vv0116) That “regulator”, however turned out to be nothing more than an anonymous website issuing “licenses” to offshore brokers.
This broker offers support to its traders, they could be reached through phone calls or emails, whichever you prefer.
Just like TradeHash, BinomoFX is an unregulated broker, this is a source of major concern. When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.
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COMPARE WITH A TRUSTED BROKER
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 which makes client funds safe. They accept traders worldwide..visit their official website