Binomo is a trading platform focused on binary options. That means you’re betting on whether an asset will go up or down in a short time.
Sad thing is, Binomo, to some extent, controls whether the candlestick or whatever you’re using, goes up or down.
Here’s how and why:
1. Crypto IDX Is a Synthetic Asset
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It is not a real cryptocurrency like Bitcoin or Ethereum.
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It is an artificial price index created by Binomo.
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Binomo controls how this index is calculated, and it’s not publicly verified.
2. No Real-Time Market Data
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In traditional trading, price feeds come from actual exchanges (like Binance, Coinbase, etc.).
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On Binomo, Crypto IDX candles are generated by an internal algorithm — they can mirror general market trends but are not 1:1 with real markets.
3. Conflict of Interest
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Platforms like Binomo make money when you lose — they are not brokers, they’re counterparties to your trades.
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This means they have an incentive to manipulate price movements, especially in short timeframes (like 5 seconds or 15 seconds).
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Many users report “price spikes” or reversals in the final second — suspicious but hard to prove.
🧠 Reality Check
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You’re not trading a real market.
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You’re betting against the platform.
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That means they can shape the odds against you, especially in synthetic assets like Crypto IDX.
❗Recommendation
If you’re serious about trading and want transparency:
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Avoid binary options platforms like Binomo for real investment.
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Switch to regulated platforms like:
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Coinbase
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Kraken
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eToro
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Interactive Brokers (for stocks/forex)