Have you ever faced the question which one you should choose between Binomo and Olymp Trade to trade? Which trading platform has more advantages and better? Do any of them try to scam traders? To answer those questions, I will have a review of Binomo platform and also give a comparison between Binomo and Olymp Trade.
What is Binomo?
Binomo is a Trading platform which you can simply trade by choosing one between 2: UP/DOWN in a certain period of time. If you make the right choice, you earn money. If you make the wrong choice, you lose your money.
In the Trading, the Binomo owner can totally make impacts on the price, which affects your trading results. Despite getting Finacom’s guarantee, there is nothing sure that the Binomo owner has no tricks to get investors’ money.
So the best way to trade at Binomo platform is to avoid 30-second transactions.
Do you often listen to ads for making money in 30 seconds with Binomo? Forget this right away. Because if you trade short, the price may be affected by the platform so you could lose money very quickly.
Is Binomo a multi-level finance?
Too many multi-level finances have appeared recently. And every time it “broke out” the amount of lost money is at least “trillion” or more, right?. Concern is true since Binomo is too aggressive in advertising.
You can see Binomo everywhere from youtube, newspapers to facebook… Even when going to the street, you can also see its banner ads. But when finding information, is there a company or representative office of Binomo in your place? There is none. All forms of deposit, withdrawal, confirmation on Binomo are made Online.
One thing I can confirm for you is Binomo recruits Publishers with a high percentage of referral. But Publisher is simply a referral, a broker for Binomo. If they introduce traders, in addition to bonuses from the platform, they also get money from the total transactions these traders make. This is a normal form with the name of affiliate marketing. There are no signs of multi-level.
Compare the reputation of Binomo and Olymp Trade
On the online side, I choose Amazon’s alexa.com as a tool to evaluate OlympTrade.com and Binomo.com websites.
In terms of rank (Global Rank), Olymp Trade is much higher than Binomo
In terms of traffic ranks
Olymp Trade in terms of online is not inferior to Binomo. Indeed, it is superior in many aspects.
It can be said that although both ones were born in the same year 2014, Olymp Trade is taking further steps than Binomo. Olymp Trade has become an online trading platform supporting both Forex and Fixed Time Trade. While Binomo still only stopped as an trading platform.
Thank you for reading this article!
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