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    Binomo:Notice! 4 common traps used by scammers like Binomo or scam gangs in the name of Binomo

    Abstract:Binomo: WikiFX exposed Binomo to the public many times and has been receiving huge amount of complaints from Nigerian. Binomo is a big trap without regulation and credit.
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      Abstract: Binomo: WikiFX exposed Binomo to the public many times and has been receiving huge amount of complaints from Nigerian. Binomo is a big trap without regulation and credit.

      In the past two months, WikiFX received more than 200 complaints against Binomo. It has to say that Binomo seems like a “virus”. Its not only an illegal broker but also there are amount of people who pretended to be staff from Binomo, running BTC and cryptocurrency businesses to defrauded investors.

      WikiFX picked up some typical cases to share with investors in the following article, in order to reminder investors again that Binomo is a liar, whether the employees are official or fake.

      Case 1:

      *HOW IT WORKS*

      Get 3X cash back on your investment with Binomo Instant Trade Returnevery 45 Min.MONEY IS PROTECTED. We retain 10% as Commission for the Company.

      An investor was scammed 30,000NGN by a Facebook group named Binomo Online Trade. It can be seen that the receiver name is BINOMO TRADE TOPUP. The investor was promised that he can get 90000NGN after 45 minutes. After the money was transferred, the investor was kicked out of the Facebook group. Please be aware if you see below the group name from Facebook, please stay away from it.

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      Case2: Registration fee trap, the reality is that after paying registration fee, you still could not withdraw.

      A person named Mrs. Chinelo Ugwu worked under the Binomo Investment as an agent.

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      An investor invested 5000NGN, after the payment was done, the agent told the investor that he needs to pay 2000NGN for the registration fee, otherwise he could not withdraw. It is worth noting that they never mention the registration fee at the beginning.

      Transaction records:

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      Attention: If you trade with a legal broker, there isno registration fee. You dont have to pay anything besides your own investment.

      The victim information:

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      Case3: COT trap. COT: cost of transaction fee

      This is a group from Instagram named Binomo. Binomo has an official website, and you may think that it indicates the broker is a real one. Unfortunately, an official website link represents nothing. Especially, those fraudsters who come from third-party social media platforms are even more unreliable.

      As for this case, an investor invested 15000NGN and when it was time to withdraw, the Binomo group required the investor to pay COT. Finally, the investor did not pay COT and Binomo stopped replying to him anymore.

      Attention: COT does not exist in the field of forex. COT is an excuse made-up by fraudsters, because the fraudsters do not want to return money to investors. Even if you pay COT, you still couldnt withdraw. COT fee only incurs when people need to transfer money cross border.

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      The victim information:

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      Case 4: using the chart to tempt you, your investment has been growing, you can invest more to earn more profit.

      An investor was scammed 13000NGN by a so-called agent of Binomo from Facebook. The investor invested twice, after he invested 10000NGN, the agent sent a picture showing a continuously growing chart to the investor, and asked the investor to invest more. So the investor transferred another 5000NGN to the agent. However, the investor was blocked by the agent eventually.

      Attention: whether you are a newbie or much experienced trader in the field of forex, you can read any candle charts by yourself, even when trading through an agent. Besides, legal brokers always give you support when you have trouble with trading.

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      The victim information:

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      Warning!!!

      Per checking WikiFX App,Binomohas a poor rating of 1.21, and the broker currently has no valid regulation, bearing great risks. The broker is currently active on large social network such as Telegram and Facebook, please stay away!

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      The following are three channels forgetting real-timeinformation about exposurearticles.

      1: WikiFX official website: https://www.wikifx.com/us_en/.

      Choosing News column Original special topic series.

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      2: WikiFX App: Using the App will make it easier to read articles.

      Read on the APP in the same way as the official website.

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      3: WikiFX official Facebook: the new exposure articles will also be posted on Facebook, a main social media account, at the same time. If you are a social media user, you can follow WikiFXs Facebook page.

      USA Area:https://www.facebook.com/WikiFX.US/

      UK Area:https://www.facebook.com/Wikifx.UK/

      Nigeria Area:https://www.facebook.com/WikiFX.ng

      If you have ever been defrauded by illegal broker, you can contact WikiFX. WikiFX will assist you in your exposure. You need to hold enough evidences to prove the broker is illegal.

      Evidence requirement: (Chatting history records, Trading history records, Banking Transaction records and video recordings from victim).

      In order to help you better. There are two ways to upload evidencesfor exposure.

      1: WikiFX App:

      Log in the App, choose Exposure on home page click on blue light bulb-Expose,

      The types of Fraud Choose fraud broker Just write down your experience of being deceived and upload the relevant evidences here.

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      2: More brokers‘ information will be updated on WikiFX. If you can not find the broker that you want to report, there is another way to contact WikiFX by Facebook Messenger. You can leave your message on messenger. WikiFX’s staff will review the broker that you wanna report and the relevant evidences you submitted. You will get the feedback in the following 3-5 working days.

      USA Area:https://www.facebook.com/WikiFX.US/

      UK Area:https://www.facebook.com/Wikifx.UK/

      Nigeria Area:https://www.facebook.com/WikiFX.ng

      Declaration:

      The evidences in WikiFX exposure articles are verified via the following processes:

      1: Evidence Collection: (Chatting history records, Trading history records, Banking Transaction records and video recordings from victim).

      2: These evidences will be evaluated and verified by experts who have been work in forex industry for many years.

      3: The editor will review it again before the article is published.

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      WikiFX App is a third-party inquiry platform for company

      profiles.WikiFX has collected 17001 forex brokers and 30 regulators and

      recovered over 300,000,000.00 USD of the victims.

      It, possessed by Wiki Co., LIMITED that was established in Hong

      Kong Special Administrative Region of China, mainly provides basic

      information inquiry, regulatory license inquiry, credit evaluation for

      the listed brokers, platform identification and other services. At the

      same time, Wiki has set up affiliated branches or offices in Hong Kong,

      Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted

      WikiFX to global users in more than 14 different languages, offering

      them an opportunity to fully appreciate and enjoy the convenience

      Chinese Internet technology brings. WikiFXs social media account as

      below:

      Facebook:

      USA Area:https://www.facebook.com/WikiFX.US/

      UK Area:https://www.facebook.com/Wikifx.UK/

      Nigeria Area:https://www.facebook.com/WikiFX.ng

      Twitter:

      Areas where English is an official language:https://twitter.com/WikiFX_Eng

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      More details about how to download WikiFX App:

      Please download WikiFX APP from links below or scan QR code :

      iosAppStore: https://apps.apple.com/us/app/fxeye/id1402501387?l=zh&ls=1

      Googleplay: https://play.google.com/store/apps/details?id=com.foreigncurrency.internationalfxeye

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      If you have any questions, please feel free to contact us at wikifx@wikifx.com

      Worried about missing out latest trends in the volatile market? WikiFX ‘News Flash’ is here to help!

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      With 24-hour real-time update of forex market data by minute, you

      can seize the opportunity of every bullish market! Bookmark the link

      below and follow the market trends immediately!

      UK Area:https://live.wikifx.com/uk_en/7x24.html

      USA Area:https://live.wikifx.com/us_en/7x24.html

      Nigeria Area:https://live.wikifx.com/ng_en/7x24.html

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      Wiki Forum Forum Function:

      In order to help more investors, WikiFX has launched the WikiFX

      Forum forum, which aims to provide urgently needed and professional

      services to Nigerian forex investors.

      The exposure function of “WikiFX Forum” includes the following features:

      1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)

      As long as there is sufficient evidence, a review panel and an

      executive team will contact the broker to discuss the complaint or

      expose it directly through the media. Here are the exposure channels:

      2: Block low score brokers from entering the forum

      3: Monitor suspicious communication in real time, and directly spot and deal with suspicious fraud;

      4: Negotiate with highly reliable brokers selected by WikiFX in the secure environment of WikiFX Forum.

      WikiFX APP exposure channel: https://activities.wikifx.com/gather/indexng.html

      Information page to understand forex scam and exposure channel: https://activities.wikifx.com/gather/indexng.html

      Website exposure channel: https://exposure.wikifx.com/ng_en/revelation.html

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    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.