Everyone who has exposure to social media knows Binomo. Yes! Binomo is a popular binary options platform due to the massive advertising on YouTube.
"Millions of people don't realize they can make $1,000 a day without leaving their home."

That's more or less the words conveyed in the Binomo ad. If calculated at the current rupiah exchange rate, the value of US$ 1,000 would be equivalent to Rp 14.3 million. If examined more deeply, behind these words, Binomo seems to be present as a solution for those who want to change their fate instantly without the need for much effort.

Binomo is also packaged as a smart investment product, instrument or medium. But rest assured that what Binomo conveys is just a mere marketing technique, aka a gimmick to attract victims! In fact, Binomo itself is none other than a binary options platform that has a system for gambling, not trading, let alone investing, so don't be misled.

The difference between gambling and trading and investing is actually very clear. In trading and investing there is an underlying asset that has a traded value. As for the loss or gain, the amount depends on capital, asset price movements and the presence or absence of leverage used. However, in the case of Binomo and other binary options platforms, what is actually provided on the platform is not financial assets to be traded, but online gambling tables.