Open in App

Is Binomo approved by RBI for

trading?

Answer Follow Request Details More

Ad by Bigul.co

Open a free algo trading account with

Bigul.
Our algo trading software is free and comes with
7 pre-built strategies.

Apply Now

All related (31) Recommended

Abhishek Pasricha · Follow

2y

How can I be making at least $500

Related
per month on a Binomo trading platform?
See frankly , i just wanna share a truth that might
not sound good but it will be helpful for many ..

i started trading on binomo in 2019 with due

regards only lost 4.5 lakh rs , made a halt and
went back to learn binary trading and all the do’s
and dont’s .

now since last 10 days im back on binomo .

I deposited 3500 for 4 days with a withdrawal

varying from 7500 - 10,600 )

from 5th day the deposits were of 8 k directly and

till now the withdrawals vary from 14 k - 17 k .

I’ve learned their stuff and genuinely i feel

blessed for that , all you need is patience and a
good understanding about the market .

I believe there’s no bar to earn on binomo all you

need is the money that won’t pinch you if lost ,
but if traded with good mind and positive attitude
and detailed theory of how to trade one can cross
1200–1500 usd a month easily .

Ground rules of my trade are :

i only do 4–8 trades in evening , not more then

that .

Out of which i hardly loose 1 or 2 on a max .

god bless you all .

31.8K views · View 95 upvotes · View 1 share

95 19 1

Sponsored by Nuvama

Some wealth managers are slow. But ours

move at the right pace.
Our wealth managers will always do what is right
for your money. Choose Nuvama. #LetsDoItRight.

Learn More

100

Mukesh Kumar · Follow

2y

Nope , it is regulated by foreign country it simply

means that if your money get stucked in that
application then you cannot file a case against it
coz indian government don't have any regulations
for this not only to this but all other fixed time
trading applications are not regulated by Indian
government

Namita · Follow
1y

RelatedTrue reviews for Binomo.com from

people who used this web site?
Thanks ask Answer

Toll-free call 98 83 82 51 60 customer care

number

I use this binomo app for binary trading there is

no problem it is 100% safe. But it's a very
beautiful scam, let me explain the risk-reward
ratio in binomo trading is 1:0.8

Example:- You trade(buy or sell) with 100$ if you

win you will get 80$ profit and if you lose you lost
the entire amount 100$. Let's calculate you did
10 trades 7 times you win and get 7*80$ = 560$
pretty good now calculate lose trade 3 times
3*100= 300$

Final profit 560$- 300$ = 260$

You did 10 trade and get only 260$ that's insane

with 70% winning trade. You will not able to save
your money on binomo because of the low risk-
reward ratio and Clock.

If you really want to make money you need a real

trading account where you can use a stop- loss,
target, and higher risk-reward ratio with proper
money management.

If you want to ask more questions PMS or

comment.

Thanks. That's is my first answer on Quora

12.4K views · View 39 upvotes

39 3

Sponsored by Amity University Jaipur

Unmatched Global Exposure At India's

Leading University.
Admissions Open For Industry Oriented UG, PG &
PhD Programmes For 2023 Intake. Top
Placements In MNC's.

Learn More

80

Lokesh Lucky · Follow

1y

RelatedHas anyone ever earned any money

from Binomo?
I have lossed more than 800000, eight laks … in
binomo it's all settings that amount dont yrust it
is all sociological games ..and kind games plz I
beg you don't loose your money and don't loose
your self ..I completely lossed my money still of
you won't believe me I will show my transactions
on binomo … plz allready I loose my lifeas a
looser in my family ..mm.because of binomo now
I became a beggar … addicted to that game and I
was thinking that I need to earn money which I
lost from binomo I can't even say how to say my
situation some times it's beeter to stop my life
..when I see this binomo ad
37.1K views · View 100 upvotes

100 27

NeuroNation
Sponsored

Apple names one of the best memory apps

in the world.
Download NeuroNation and sharpen your brain
now.

Get the App

815

Utkarsh Singh · Follow

BBA(IB) from Sri Jai Narain P.G. College · 3y

Related How does Binomo binary trading

work?
I will share my personal experience with you all. I
invested 1000 rupees and got 1000 rupees as
bonus i.e a total of 2 thousand was deposited in
my binomo account. And I lost all money in binary
trading. I was betting of 70 rupees in one term
and if you win, you will get 135 rupees. I win
sometimes but often I lose.

The better option to invest money is in mutual

fund or spend it. No tension to invest.

Hooe you like it if don't then please tell me.

29 1

Sponsored by TVS iQube

Step into the future with the

#SmartlySimple TVS iQube Electric!
With 100 kms real range, 118+ connected
features and unmatched comfort, TVS iQube is
perfect for you!

Learn More

441

Prasad Gawade · Follow

Founder at Nutrixia Food & Infotech
(2015–present) · 3y

Related Is Binomo a scam?

i havent checked it personally ,

But i can say for me it looks Scam

because the way there ads are pitched .

one guy who dont look trader showing lavish life

and promising that this app will change your life
without having knowledge of trading is
BULLSHIT

i request young and new traders and Investors to

not fall in such traps and try to get more
knowledge and experience by trading in small
quantity or investing in SIPs initially

There is tremendous volatility in markets and it

can wipe out entire capital in one trade

So be watchful of such short cuts

Good luck for investing and trading :)

117 11

Ana Beatriz Nascimento · Follow

Doctor (2010–present) · 3y

Is it possible for a person to earn

Related
money with Olymp trade without any
knowledge of trading?
I would say yes, but without knowledge the
chances of losing money are much bigger. If you
win, will be pure lucky! And it is not always that it
happens.

If you want to earn money, I advise you to study

and at least understand the basics of the market
and the platform. It is not difficult to use Olymp
Trade trading platforms.

It will take you one or two months to get the

basics and then you will be ready to test
strategies in the free demo account.

24

Sponsored by Fitterfly HealthTech

India's most advanced Diabetes

Management program!
Get 3 expert team support + the power of data &
tech to control diabetes via scientifically proven
ways.

Start Now

183

Paridhi Jain · Follow

Executive Graphic Designer at Digitally Next
(2018–present) · 4y

Related How do I recover my money after

losing everything in Binomo online
trading? I’m from Africa and I'm deeply
depressed now.
I have been using for some time now, since last
four months to be specific. I live in India by the
way, and Binomo is a new entry here. Initially I
suffered some losses but as I gained more
footing on the platform I improved my earnings to
such a degree that now I have developed a good
enough passive earnings from the platform.

8 7

Mahesh Karli · Follow

Former Founder · 5y

Related What is Binomo?

Binomo is trading platform.

Where you get demo account for practice.

Good for practice but don't use it for trading if

you are in india.

15 8 1

Yves Prevost · Follow

Knows French · 2y

Related Do you like Olymp Trade or Binomo?

Do you like Olymp Trade or Binomo?

I choose Olymp Trade because it has more

possibilities than Binomo. Binomo is an option for
those who don't consider trading as a
professional activity. For those who are looking
for more straightforward solutions and don't like
to wait.
I, on the other hand, have long-term trading
goals. For them, the MT4 platform from Olymp
Trade is more suitable. Binomo doesn't have it.
There are only the broker's own developments
there.
Otherwise, the companies are similar. Both
brokers have theContinue
same minimum
Reading deposit. The
only plus of Binomo is the absence of restrictions

57 2 2

Pradeep Pandey · Follow

3y

Related How can I win money in binomo?

I used to play in binomo. Study the indicators.The
one that worked for me was alligator and moving
average indicator..use them to predict rest all
comes with experience..play in demo account
first and most importantly control your emotions.

11

Md Saddam · Follow
Customer Care Number 9883825160 at Plot No-
11,Sectot-2,Rohini,Delhi-110085 (2003–present)
· 1y

Related Is Binomo trading platform legit in

India and can anyone share their
experience trading on Binomo?
Nice platform to invest ! Binomo is a legitimate
platform and you can check out there website as
well. They have good deals for their clients and
they invest properly so that you can earn better.

12

Walter Romeu · Follow

Supervisor De Control at TIM Brasil
(2017–present) · 3y

What is the difference between

Related
Olymp Trade and Forex trading?
Olymp Trade is a broker that has a forex and
digital options platform. And tight now, has also a
MT4 for forex.

“Options Trading allows you to buy or sell options

on large amounts of stock, futures etc. that you
feel will either go up or down in price over a
certain period of time. As with Forex Trading, you
can leverage your buying power to control more
stock or futures for instance, than you could have
normally.”

23 1

Pooja Ahluwalia · Follow

4y

How can I learn trading on a

Related
binomo?
I am a trader in India and have started off
recently. I find Binomo . I was simply surfing on
Facebook and found an advert for this website. I
applied for their demo version, which was
surprisingly easy to use. Initially, I learnt a couple
of strategies, as I got my head into the game.
With time I got good enough to start making a
profit. In January, I increased my initial
investment of INR 12000 to five times its value.

17 20

Mandeep Singh · Follow

enjoy P &C · 4y

RelatedIs Lendbox India genuine? Do

lenders get the amount returned?
It totattly depends on your luck. Lendbox is not
like a customer pro or lender pro company. They
are like any other broker, whose aim is to sell your
their product and then leave your money at the
mercy of the good lord. Once you acceot a
propsal they will call you everyday, to ask you to
transfer the money. But if an EMI is delayed or not
deposited, they will not call you, not reply to your
emails, and also talk to you in a rude manner. and
if you ask them in how much time your query will
be answered, their response is “Thode der” and if
you ask them what they mean
Continue by thodi der, since
Reading
you hav

38 8

1 answer collapsed (Why?)

Related questions

Is Binomo a legitimate/safe binary options

broker?
395,882 Views

Has anyone ever earned any money from

Binomo?
115,958 Views

Is Binomo trading platform legit in India

and can anyone share their experience
trading on Binomo?
11,021 Views

Is the DBS Bank RBI approved?

4,492 Views

Is binomo trading app works only in India?

410 Views

Is E-Rupi approved by RBI?

484 Views

Is Paytm approved by RBI?

1,233 Views

Which one is better, Binomo or Olymp

Trade? Why?
9,610 Views

Is Snapmint RBI approved?

291 Views

Is there a difference between a demo and

a real account on Olymp Trade?
4,440 Get
Viewsan answer instantly
Ask AI bots any question on Get started
Ask
Poe,new question
a free app by Quora