Jakarta –
Binomial, one of the binary options brokers is often blocked and labeled illegal by the authorities in Indonesia. Not only Binomo, many other binary options brokers have been blacklisted by CoFTRA.
But unfortunately there are still many Indonesian people who fall into the trap of trading brokers that are similar to gambling. It even includes Crazy Rich from Medan, Indra Kesuma.
The man who is famous by the name of Indra Kenz often promotes Binomo, he is even referred to as an affiliate.
Indra once said Binomo was legal. This was revealed by Indra in a video uploaded through his YouTube channel on September 20, 2019. At minute 02.16 in the video, Indra explains why he chose Binomo as the binary options platform used to invest. It was there that he began to mention that Binomo was legal.
“Why did I choose Binomo as a binary options platform, because in my opinion Binomo is the best among the rest. There are actually many trading platforms in binary options, there is IQ Option, there is Olymptrade, there is FBS, there is Binary.com, but I choose Binomo. Why? Because apart from being trusted and Binomo, it is already legal in Indonesia,” he said at the time.
Unmitigated, Indra said that Binomo has been legal and licensed in Indonesia since 2015.
“So it’s the safest and most secure, it’s already 4 years old. Actually Binomo has been from 2014, but it’s official in Indonesia in 2015 and it’s been 4 years,” he explained.
Even though since 2019, the Commodity Futures Trading Supervisory Agency (CoFTRA) has stated that Binomo has been blocked because it does not yet have a business license as a futures broker. Obviously, Binomo is illegal and banned by the government.
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