Binomo Review

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Overview

Binomo is a simplified version of trading on the stock market. In trading binary options, the same data, assets and quotes are used as in traditional trading. You can start trading with a deposit of only $10, and transactions can be made starting at $1.

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Details

Broker	Binomo
Website URL	www.binomo.com
Founded	2014
Headquarters	Evagorou, 27, Irene Building, 4th Floot, Office 44, Trupiotis, Nicosia, 1066, Cyprus
Support Number	+441143033932 (UK), +23414408171 (Nigeria)
Support Types	Phone, Chat, Skype, Email
Languages	13 languages, including English
Trading Platform	Own development
Minimum 1st Deposit	$10
Minimum Trade Amount	$1
Bonus	Up to 100% deposit
Payout	Up to 90%
Free Demo Account	Open Demo
Regulated
Regulation	Financial Commission, FMRRC
Account Types	Demo account, Standard, Gold, Vip
Deposit Methods	Credit and debit cards VISA/MasterCard, QIWI, e-payments, Alfa-Click, Neteller, mobile phone, PSB, WebMoney, Yandex Money, crypto-currency wallets
Withdrawal Methods	Credit and debit cards VISA/MasterCard, QIWI, e-payments, Alfa-Click, Neteller, mobile phone, PSB, WebMoney, Yandex Money, crypto-currency wallets
Number of Assets	50
Expiry Times	60 seconds to 1 hour
Types of Assets	Currency pairs, precious metals, crypto currency (Bitcoin BTC, Lightcoyin LTC, Crypto IDX), indices, raw materials, stocks
Option Types	Classic High/Low Options
Account Currency	USD, EUR, RUB
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	9.6/10

Additional Information

• Download the iOS mobile app
• Download the Android mobile app

Full Review

Binomo is a binary options company that stands out among many other options brokers. By offering a proprietary trading platform to its clients, loyal trading conditions, free training, and bonuses and gift options, the broker is able to be a good alternative when choosing a modern options platform with low minimums to start.

Terms of trade with Binomo

A perfect free training block, continues update of analytical materials and the number one is that this company can become the best choice for novices as it offers to them the lowest trade limit: minimal deposit of $5 and minimal transaction of $1. There is a free demo account available for novices, strategies proven by a good company of market players.

The company trading terms are ones of the top ones in the market. Everything is done here for a trader to sign up easily and start the real trading. The happy brokers customers praise the profitability of the platform, quick withdrawal, lots of offers, free signals. Due to the unique «Non-stop» mode you don’t need to wait for a transaction to be completed to start a new one, since the system lets you open several transactions simultaneously. Besides, the broker makes it possible, to earn from trading not in business days only, but also on weekends. The continuous implementation of advanced solutions to the service, emphasis on the safety of collaboration with the resource, the quality support – it is what made it possible for a young company, to leave the competitors behind. According to ratings of binaries brokers, Binomo keeps taking the top positions in the market outpacing the stronger projects. This is a modern and vibrant company setting big targets and achieving them.

You see already how to trade with Binomo to the effect that to keep getting income on a regular basis, don’t you? For the effective work the platform offers just up-to-date solutions, advantageous tariffs and training programs. The customers know how to win with Binomo more, don’t forget about numerous offers making trading more interesting and effective. Especially that the measurable benefit of this modern company is its offers. On Binomo official website you will find the ones of the most interesting and profitable offers. Why do you need a bonus at all? Binomo coupon – it’s special offers of the platform increasing the capital which may be used for trading, or depends on conditions, even withdrawn and spent the way you like. It’s a chance to earn real cash, get the trade experience.

Basic information about the Binomo broker:

• The company’s website – https://binomo.com,
• Place of registration – the Republic of Cyprus,
• Registration year – 2014,
• Regulatory body license – Financial Commission, FMRRC,
• The broker’s trading platform – a proprietary innovative design,
• Deposits – 10 USD,
• Volume of contracts – from 1 USD to 3,500 USD,
• Assets – metals, raw materials, stocks, currencies, cryptocurrency,
• Profitability – up to 90%,
• Auxiliary services: training, analytics, investment ideas,
• The demo platform – a 100% equivalent version of the real one,
• A mobile terminal – there is one,
• Withdrawals – 24 hours,
• Available payment services – QIWI, Neteller, Union Pay, mastercard, WebMoney, VISA.

Binary options training:

If you’re just starting to get acquainted with the options market, you won’t find a better broker than Binomo. On the company’s website, there is a large collection of material for beginner and professional training.

The theoretical part:

• An interactive guide for beginners,
• A knowledge base that contains the basic concepts of binary trading,
• Video lessons.

The practical part:

• Original trading strategies,
• Technical analysis,
• Fundamental reviews,
• Investment ideas.

One of the significant factors characterizing the broker is its support team. In this regard, the company is praiseworthy. Client support is provided by well-prepared, qualified personnel, capable of quickly finding solutions to any client problem. The support team works 24/5 and is always on the client’s side.

Binomo platform

Binomo trading options is quite a solid step for a trader deciding for collaboration with the company, as they actually have the unlimited gain potential. But the key to success is a choice of a trading platform, and Binomo platform is exactly the one you shall pay your attention to: this is an advanced terminal with no analogues in the market, advantageous terms, useful service etc. Reliable regulation, rapid technical support, wide range of tools (shares, CFD, cryptocurrency trading) – all this speaks for the company gravitas, Binomo platform promising outlook and convenience (the feedback is real, withdrawal, bonuses below in our review).

On the own Binomo platform, which is considered to be the one of the best in the market, the most advanced technologies are implemented, professional tools are available, which help to undertake the complete analysis of assets dynamics, high order processing speed. This avoids the necessity of outside services application making the trading more comfortable. Moreover, apart from the advantages described above, Binomo lets traders withdraw the earned profit. The maximal withdrawal term is just 24 hours!

The company platform doesn’t need to be installed to your computer, is characterized by nice design, advanced features: change of chart design, expiration type, assets choice along with studying the information about them, adding indicators and widgets etc. It’s simple and easy or a customer to find out in the platform operation way, understand his options, then he can stake one at once and make a profit. The terminal is targeted both at a novice of the market and a professional trader, both will feel here comfortable enough. You can study at once the breaking news o the market, the analytics of the company staff, watch the quality webinars.

The platform has a unique design, color palette, and a variety of technical tools and technological solutions, namely the following:

• A user-friendly interface with easy navigation,
• The ability to change the display colors and styles,
• Scalable large-format quote charts, with the features of form change, the construction of asset quotes, and views of market history,
• A set of high-performance indicators,
• A selection of graphical tools for technical market analysis,
• The «majority opinion» statistical indicator,
• Highly accurate quotes of base assets,
• A convenient and effective range of expiry periods from 60 seconds to 24 hours,
• 50 base assets,
• Option types – binary and turbo,
• Non-stop trading mode,
• Speed of executing trade requests – up to 1.7 ms,
• The best format for displaying trading history.

The instrumentation and stable operation of the Binomo broker’s trading platform allow the user to implement any trading plan, build their own strategy, successfully manage capital, and, of course, earn!

And the thing options market beginners enjoy the most is the high-tech Binomo platform available in the demo version. So, it’s possible to try your hand at trading and test the company’s trading software without replenishing your account!

• Binomo Trading Platform for Indonesia
• Binomo Trading Platform for Thailand

Binomo broker quotations

It’s crucial for a young and promising company to provide its customers with the proven and reliable service. So for the customers to have the up-to-date information about quotations available, Binomo cooperates with one of the most respectable liquidity suppliers of the market – Thomson Reuters. So traders can be sure that there are accurate data about the assets prices provided in the terminal, which are continuously updated. This information is common for all users, its change from the broker’s side is impossible.

Binomo demo account

The option of check out a broker’s service and of training trade in its terminal is long time considered to be a professionalism mark of the company, which is fair operating in the market. Binomo offers a free demo account for interested traders, too. This option lets players check out the terminal service, test strategies, complete transactions with virtual money without losing their own capital. The company terminal is its own development. To try trading here and estimate if it convenient is for you, you also should use the Binomo training account.

The demo account is termless, it gives you the real chance to understand in actual practice to what extent the broker is fair with its trader, how professional is its support service, how convenient and stable is the platform. Besides, all the capacities of a real account are available here, which a user works with after filling the account.

Binomo mobile application

One of the major trading platforms in the market offers to its customers a mobile application (iOS, Android), which lets you get the direct access to the system any time. Now the fully-fledged trading nonstop is possible. No matter where you are, as long as your smartphone with the mobile platform is with you. You can trade in the functional terminal, study the stakes history, fill the account, take part on tournaments and offers.

To set up the application to your mobile, press the multipurpose button below, which will automatically redirect you to the online-shop of your smartphone, where you can download the terminal for your operation system for free.

Binomo bonuses

When first time registered by Binomo, you have the right for getting bonuses. Their amount may reach 100% of the filling sum. Such offers let you double your capital at once after you signed up in the system, with no risks for your deposit.

If you go for a Binomo bonus, you shall certainly study its use terms, as any platform has rules, is customers shall follow using the bonus offer. Please note that the company cares about the project marketing part. So there is a great amount of campaigns and special offers available on the platform. For example, Binomo bonuses are the additional options by the first account filling, these are the «megabonuses» – gift offers with a hefty money reward.

One more significant advantage of the company are numerous tournaments designed specifically for platform users, they let you not only check your intuition in use, but are also a good way to earn the proper capital with no risk for your deposit. The tournaments take place on the regular basis and provide a generous sum of the prize pool, may be both, requiring payment and free, some of them are held specifically for novice traders, others are focused on professionals. Before you try your hand in a tournament, read its participation conditions carefully. We assure you, the effective trading is possible only if you build up your familiarity with it in a proper way. If you got interested in the company capacities we described above, welcome to binomo.com! Taken to the website you will unveil a wealth of opportunities!

Deposit and withdrawal

A very good reliability sign of the company providing trading services is a strict payout discipline. The withdrawal with Binomo really happens within 24 hours. On the average, the money comes in 3-4 hours after withdrawal request to the indicated wallet! This impressive processing speed points to the fact that Binomo is very quick with payouts and will never «squirrel» your earned funds away. You know, it is very important at a time when a great number of other similar resources start «machinate» after the application execution, ingeniously inventing more and more excuses for you.

Well, Binomo let traders withdraw their earnings without any problems. It’s possible with payment cards VISA, UnionPay and MasterCard, services Alfa-Click, Neteller, QIWI, PSB, WebMoney, Yandex money, cryptowallets. Here we point that the minimal withdrawal sum starts from $10 and the company doesn’t take any fees for transactions, the customers save sizeable amounts due to this.

Complaints against Binomo

Our team studied carefully thematic forums and portals, with the information and feedback about Binomo. We noted a certain amount of the negative comments from customers, caused, as appeared, by technical problems on the company website while transferring it to a new trading platform and changing the bank where all deposits of users are kept. On the back of technical faults the public anger raised, which cooled down right after the service operation was put in order. It’s a tribute to the platform to create a perfect trading platform where it takes really just 24 hours to withdraw funds, so there is no rhyme or reason to consider that public anger as a shortcoming. Quite the contrary, the collaboration with Binomo became hugely more nice and more quality.

If we find complaints about Binomo, we will post it on social media. Follow us to be well informed:

As for the rest, the complaints against Binomo don’t exceed the threshold. And this speaks for the fact, that Binomo manages its aims and missions successfully, trading on its platform is gainful and comfortable.

Binomo broker regulation

Binomo submits to jurisdiction of FMRRC (№ RU 0395 AA Vv0120). It means the company is regulated by a serious agency performing audits of the company activity of the clarity and quality of its services, guaranteeing the security of all deposits of the customers. In case the financial issues with the platform happen you will take your funds back easily, this also speaks of its reliability.

Apart from this, the company is a member of the International financial commission («A» category) since May, 2018. This fact also makes it clear, that Binomo is a reliable project guaranteeing to users the high quality service, clear cooperation and protection of their funds by professional company.

Check Binomo license on FMCCR website

Binomo «User agreement»

One of the essential documents, «User agreement» of a customer with the broker gives you a chance to check out the internet resource rules, aspects of transaction setting and withdrawal process, lets a trader study his rights and obligations. This information must be studied before you signed up with the platform to protect yourself from possible problems collaborating with the broker in the future.

In «User agreement» of Binomo you can find various materials, which make a trader think of many aspects. For example, in the paragraph about the nuances of quotations display in the terminal it is pointed that it is the only information source of assets price. At that the quotations can’t be true at a certain point as they are influenced by terminal stable connection with the company servers. The broker also does not guarantee that the transactions executed by these quotations at some point will be completed by the same price. It is not really convenient for traders counting on some profit while working in the market:

Or please note the fact that in case of disputes on transactions client-side proceeding the information on them happens based on the broker’s materials. At that, the complaints concerning the missed profit and a claim for compensation for the emotional distress are totally ignored by the company, this also complicates the interaction with it:

A customer confirms that the risks of trading may be essential – this is the fair paragraph published on the most broker platforms. However, cooperating with Binomo he automatically agrees also, that the company does not bear the responsibility in case of his losses happened due to force majeure and other circumstances. This information also makes the cooperation with the resource «shaky», as there may be a lot of such «circumstances», which may also result in significant losses:

Is Binomo a scam?

As of now Binomo is one of the most advanced and fast-paced trading platform in the options market, the broker received the FMRRC license, is committed with all the clauses of the customer agreement and its own trade terms. So saying Binomo is a scam would be the true aspersion on the fast-growth company.

Binomo company is worthy of separate attention of traders. It offers some of the most loyal trading terms in the options market, provides the perfect trading soft, access to free trainings and daily analytics. Besides, please note the rapid withdrawal of funds from Binomo platform, which will be transferred to you within 24 hours, – not every company can boast about! Needless to say the regulation of Binomo leaves a certain degree of confidence in it, along with the customers’ deposits coverage eliminating any risks in the market.

What can we say about the company as a whole? If you need a broker with good trading software, high profitability of options, achievable conditions to start trading, and free training – Binomo is the way to go. Focusing on high stock exchange standards, this company is loyal to all its clients. Whether you are an experienced trader with hundreds of thousands of dollars, or a novice trying to make money on binary options, Binomo provides all of the conditions for self-realization. And that is the most important thing that you can look for in an options company!

Summary

One final comment is that Binomo passed our careful audit relatively easy and is very worthy to join the ranks of those companies allowing you trade options without any problems and make a pretty penny out of it. Moreover, Binomo lets you all the earned profit without any problem, the company is regulated by FMRRC, has numerous positive comments from customers! Picking Binomo company for trading you obtain quality, stability, safety and innovations in one platform! These are the perfect advantages, which may be hardly found by majority of other similar trading platforms of the financial market.

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