Verdict: Binomo is a legit online trading platform for beginners and professional Filipino investors

Verdict: Binomo is a legit online trading platform for beginners and professional Filipino investors

The recent spike of interest in online trading among Filipinos is enough to lure international trading platforms to cast the limelight on the country as a focus market. While competition among market players exhibits the country`s vibrant trading landscape, Filipino traders face a confusing challenge in terms of the platforms` trustworthiness. It is imperative, therefore, to look closely into what a trading platform can offer in terms of security and credibility.

One of the platforms that Manila Bulletin had a chance to engage with is Binomo. In an email interview with David Clark, APAC Managing Director of Binomo, the online trading platform gave us an inside look at how their platform works and some insights on the global financial outlook.

The legitimacy and credibility of Binomo

Binomo was founded in 2014 and is now regulated by the International Finance Corporation (IFC). It is also certified by Verify My Trade (VMT), an organization that certifies the quality of transactions made on the platform.

Binomo exists in more than 130 countries for good reason. It is an intelligent trading platform with a friendly and easy-to-understand interface that cares about the interests of its users. With over 20 million users worldwide, this user-friendly platform is used not only by experienced traders but also by novice traders looking to enter the market. Training materials are available on our website and the YouTube channel.

FAQs and help centers are also useful resources for aspiring traders.

Binomo: Trading Platform for Professionals and Beginners

One of the biggest reasons Filipinos enter online trading is certainly an additional source of income. To many professionals, navigating the Binomo platform may seem like a walk in the park. But what about novice traders？

As an online investment platform, Binomo is proud to be a platform that welcomes both trading experts and novice traders.

According to Clark, Binomo pays special attention to beginners. The platform provides detailed materials such as step-by-step video trading tutorials, strategy sections, glossaries, demo accounts, and free “daily free” tournaments to learn and improve your trader skills.

What is unique about Binomo？

Many factors distinguish the Binomo from other market participants.

These are:

• A modern and intuitive interface with a variety of trading tools.

• Low transaction entry threshold. The minimum deposit is $ 10 and the transaction starts at $ 1.

• Free training including turn-by-turn strategy section and an economic calendar.

• Unique mechanic FTT. Trading with a short expiration time from 1 to 60 minutes.

• Automatic verification service – the process takes several minutes and helps protect accounts from fraudsters.

• Cooperation with reliable payment systems, including local ones.

• No fees for trading, depositing or withdrawing funds.

• Support 24/7 in different languages

• FTT or Fixed Time Trading is a modern trading mechanic known for its clarity and availability. Thanks to FTT, traders can generate additional income from small price fluctuations in assets and, of course, with the right forecasts.

In short, traders can select an asset, set the transaction amount and end time, anticipate a rise or fall in the price of the asset and wait. If the forecast is correct, the trader will receive up to 8590% of the transaction value. Wrong-Traders lose their investment.

Room for Professional Investors

Binomo is not just for experienced traders and beginners. It is also available to traders with different levels of experience. Indeed, there are professional investors in the pool of Filipino traders. In this way, Binomo also offers important benefits for them to enjoy.

These include currency pairs, gold, indexes, and other types of trading assets.

Many customizable chart analysis tools, including indicators, graphing tools, and harmonized trading pattern visualizations.

VIP status improves performance. Special benefits available to VIP traders include up to 300 position bonuses. The

Premium Tournament is a high-level closed competition for the best traders with valuable rewards.

Binomo's 2022 Financial Outlook

An interview with Binomo also allowed us to talk about this year's global financial outlook.

Because the market is constantly changing globally, events in China, the United States, or the Middle East can quickly impact the results of investors around the world, and with that in mind. It's best to keep it.

But the market is recovering as fast as a living creature, and almost all stocks and indices are bullish rather than bearish. Economists forecast market pressures from inflation and supply constraints in 2022, but the economy is recovering and stocks are growing above average.

Bank of America takes another view, predicting that equities will be a slightly bearish year with enthusiastic IPO activity, liquidity risk, negative real interest rates, and growing concerns about rising inflation.

Am therefore, Binomo's financial forecast for this year is as follows:

• Do not ignore labor market conditions as they affect all currency pairs.

• There are also concerns about interest rates, political and judicial decisions in the largest economies.

In this scenario, we need to pay attention not only to gold and oil but also to the stocks of companies related to services and tech. Investors who trade high-tech assets in the long term need to be more careful. Some analysts note many similarities between current market conditions and 19992000 when dot-coms crashed, concluded Clark.

Binomo is a website and a free mobile app for both Android and iOS users.