Binomo Review
Our Binomo review will cover almost all aspects of the trading platform as well as the features that it offers its users.
Binomo is an online trading platform that is known for its investor-friendly trading account and accessibility features. The platform also offers trade-in to more than 50 assets. Binomo’s goal is to offer high-level support to both new and experienced traders. One of the trading platforms that allows traders to win bonuses through running tournaments is Binomo.
Let’s find out if Binomo is right to you. Can it be trusted to make your investment? Binomo’s trading platform will be reviewed and all its features discussed in this review.
Contents
Quick overview of Binomo
| Official Website: | Binomo.com |
| Products Available: | Stocks, Commodities, Indices |
| Head Quarters: | Vincent and the Grenadines |
| Minimum Initial Deposit: | $10 |
| Regulators: Demo Account: | Yes, |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Trade Fee | No |
| Cashback | Up to 10% |
| Bonus | Up to 200% |
| Supported Currencies: | USD, GBP and CAD. & EUR |
| Customer Support | Support via email and chat |
| Types of accounts: | 3; Standard, Gold, & VIP |
(Risk Warning: Your capital can be at risk)
What is Binomo?
Binomo, an online trading platform that offers binary trading options, has top-tier features and is owned by Dolphin Corp. Binomo, which is owned by Dolphin Corp was founded in 2014. Binomo is home to 887,470 active traders daily from 133 countries including india. The platform has an average of 30,000,000 successful trades each week. Binomo has 70 assets, including stocks, commodities and cryptocurrencies. You can also trade on the platform.
Binomo’s best feature is that you can start with $10 and trade with $1. Binomo offers a Demo account which imitates real trading features and allows users to learn how to trade before they invest real money.
Binomo trading app provides three account types to its traders: Standard, Gold and VIP. Each account type comes with its own investment criteria and unique benefits and bonuses.
Register with Binomo to start trading
(Risk Warning: Your capital can be at risk)
Is Binomo A Scam?
Binomo isn’t a Scam, rather it is a legitimate online trading platform used daily by thousands of traders from 133 countries around the world. The International Financial Commission regulates the trading platform and it is classified as member “A”. Binomo, a member IFC, reaffirms their utmost commitment in maintaining the highest standards for trading and business practices.
Binomo has been officially acknowledged by the IFC and all risks to its clients are covered under current legislation, which includes protection up to $20,000 for case disputes.
The trading site received Verify My Trade accreditation for trade quality due to its outstanding service and trading performance. The trading app was awarded the FE award in 2015 and the FE award in 2016. It also received the FE award in 2016 for its excellence in global finance markets. These achievements and safeguards are further proof of the platform’s reliability and legitimacy.
Binomo Regulation
- Binomo is now a member of the International Finance Commission, (IFC) in Category A. IFC is an international non-profit organization that aids in the regulation and supervision of financial markets. The fact that Binomo has been regulated and is a Category A member speaks volumes about the brokerage’s reputation.
- IFC has a compensation fund that is available to all its members. This is a benefit for traders. This means that traders will be protected up to EUR20,000 if Binomo’s funds are compromised. This protects traders’ funds and ensures Binomo recognises their value.
- Binomo is a member IFC Category A and has been certified by the FMMC. IFC’s VerifyMyTrade section audits them regularly. These audits and its independent certification attest to the integrity of Binomo’s brokerage.
- Binomo is currently pursuing a CySEC license. International clients are very important when selecting a broker. These certificates, audits, and regulations show that Binomo has a reputation as a reliable broker with favorable business circumstances.
Which countries are Binomos available?
Binomo is currently available in 130 countries, including India, Brazil and Indonesia as well as Turkey, Vietnam, and other nations. It is not available in Andorra, Australia, Austria, Belarus, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, Iran, Ireland, Israel, Italy, Japan, Kingdom of Thailand, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Moldova, Monaco, New Zealand, North Korea, Norway, Poland, Portugal, Romania, Russian Federation, Saint Vincent and the Grenadines, San Marino, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Syria, USA, United Kingdom, Vatican, the Netherlands.
Register with Binomo to start trading
(Risk Warning: Your capital can be at risk)
Binomo Trading platform
How do I start trading on Binomo.
Register
To trade on Binomo you must first register on the platform. It is very easy to register on Binomo. Your basic information, including your name and contact number, address, email ID, payment method, and email ID are required. Once you have entered these details, your information is validated by the platform. You are then registered as a trader.
Demo Trading
Binomo gives traders the opportunity to experience real trading. This allows them to learn the mechanics and strategies of trading. The demo trading account simulates real trading and lets you practice trading and learn new strategies without having to invest a dime. The demo trading account comes with $1000 virtual money. This is a tool that allows traders to learn without having to invest real money.
Real Trading
You will need to deposit a substantial amount in order to take part in live trading sessions, unlike other platforms. Binomo requires a minimum deposit of $10 to begin placing orders starting at $1.
You can choose the asset that you want to trade with, such as EUR/USD. Then follow market trends and open a position to analyze whether the market moves up or down. You can make up to 87% depending on how you feel about investing.
Withdraw Profits
It is quick and simple to withdraw your earnings. The system will take 10% from your earnings if you don’t make the minimum trades required by the platform. To deposit or withdraw funds, you must ensure that your account information is correct and complete. Within 3 working days of submitting the withdrawal request, your money will be available to you. Binomo accepts Visa, MasterCard and Jeton.
How do I create an account at Binomo
Follow these steps to create a Binomo Account and log in quickly.
- Click on to access the Binomo login page.
- Select English or another language from the top-right corner.
- Log in with your Google/Facebook username or email address.
- Select a currency that you wish to trade. Once created, the currency in your account cannot be modified.
- To avoid violating platform restrictions, please read and agree to the Customer Agreement and Privacy Policy.
- Click on “Create Account” to finish the process.
Before you can open a new account, you must delete the old one. Multiple accounts are against Binomo’s regulations. The company can request documentation to prove that an account holder is actually who they claim to be. Binomo’s automated verification process now takes only a few minutes, as opposed to IQ Option which could take several days.
Is Binomo safe to trade?
Binomo is an internationally recognized and registered trading platform that is known for its transparency and reliability. Binomo is legal and legitimate. It uses SSL protocol for traders’ profiles, earnings, banking details, and funds to ensure that they are secure and encrypted. Binomo is sensitive to the importance of traders’ personal and financial data and will take every precaution to ensure their protection.
Binomo prohibits traders from withdrawing or depositing their profits without verifying their financial information. This is to safeguard the platform and its users against any theft or fraud.
Register on Binomo and Start Trading Right Now
More than 20 different tools are available on the platform that allow users to quickly analyze market trends and historical data. Hotkeys allows for quick access to online trading. This feature is exclusive and has not been offered by any other trading platform or app. BInomo’s economic calendar allows integration with different charts. These features were created to provide traders with up-to-date trends, so that they don’t lose any money.
Binomo account types:
Binomo has a range of account types. Each type requires a different amount of deposit and offers distinct benefits.
Binomo account features are an imitation of the real account. This trademark can be used to practice trading before you start trading on a live exchange. Consumers have the option to view the platform’s highlights and make a profit without having to spend any money. Customers can open a free account using digital currency, with a $1,000 profit.
Standard account:
The minimum deposit required to open a standard account is $10. Trading is possible with almost all of the assets available on the platform. Standard accounts allow you to trade with more than 30 assets and a profit margin up to 84%. Although it has fewer assets, it’s better to concentrate and get to know the assets as a beginner. This is the best opportunity to invest if you are a novice trader and want to take on less risk. You can withdraw your funds within three business days if you have a standard account.
Features
* Funds and earnings are available within three working days of your payment method.
* Participation in contests may result in bonus funds
* Maximum profit of 84%
* Maximum bonus of 80%
Register with Binomo to start trading
(Risk Warning: Your capital can be at risk)
Gold Account
For a Gold account, a minimum deposit of $500 must be made. A Gold account offers more benefits than the ones mentioned. It allows you to select from a greater range of assets, faster withdrawals (upto 24 hours), larger bonuses, support and analytical advice, as well as a weekly 5% cashback.
Features
* Funds and earnings are available within three working days of your payment method.
* Participation in contests may result in bonus funds
* For assistance, a manager will be assigned to your account.
* Maximum profit of 86%
* Maximum bonus of 80%
VIP Account
This account level is the most prestigious in Binomo. This VIP account was created to help professional traders. VIP accounts allow you to access 50+ assets, greater profits, and maximum bonuses. VIP account holders can receive bonuses and promotions up to 100% and up to 90% profit per trade.
For serious traders, VIP accounts require a minimum deposit amount of $1,000. VIP account holders have all the privileges mentioned above, including bonuses up to 100%, fixed trading earnings up to 90%, withdrawals within less than four hours, and a 10% weekly cashback. You also have access to all assets on the trading platform.
Features
* Your preferred payment method will allow you to withdraw your earnings or funds within four hours.
* Participation in VIP contests can earn you 100% bonus money
* VIP managers are assigned to support and assist.
* VIP account holders may receive individual offers
* Maximum profit of 90%
* Maximum bonus of 100%
Although the proprietary trading platform offers VIP accounts, the minimum deposit required is still low compared to other brokers who require much more investment. This broker is a great choice for beginners traders because it requires very little deposit.
Binomo: How do you trade?
It is possible to wonder how you can make money with Binomo. However, remember that online trading takes time. Fixed-time trading (FTT), allows you to profit directly from price movements. Trading takes some experience and knowledge. Here are the steps to get started with Binomo trading
- Choose the asset that you wish to trade. You will need to decide on the amount and length of the deal.
- Predict whether the graph will move up or down.
- If your prediction is correct, you’ll make a profit. If it’s wrong, you’ll lose your money.
Binomo mobile app:
Binomo offers a fully functional, high-quality mobile app and a responsive mobile platform to support your desktop service. Your trading app is available in both Android and iOS versions.
The popularity of the Binomo app has grown and is now available on mobile. This allows users to trade from anywhere and at any time. Binomo doesn’t require you to bring your laptop with you. You can download the iOS version of the trading platform from the Apple Store or the Android app from the Google Play Store.
You can get notifications and alerts from the mobile version of Binomo for market trends, earnings or bonuses.
Push notifications are used to notify traders of promotions and transactions as soon as they become available. Binomo is an excellent choice for those who trade on the move due to the availability of notifications and the overall quality of the app.
The app covers all the basics. While the desktop platform is useful for more detailed research, the app has a lot of value. The Binomo app has been designed to be compatible with the Binomo desktop interface. This allows users to seamlessly switch between them.
Mobile devices can be used to trade with the Binomo app. You can find the yellow logo in Google Play and App Store. If you have trouble downloading the app from Google Play, you can download the APK file here: https://binomo.com/en/promo/android.
The Binomo trading app can only be used on smartphones and tablets. You will not be able get the software for Windows or Mac OS. If you wish to log in to Binomo using a desktop computer, the web version is best.
Binomo’s Features:
Here are some features that make Binomo stand out from its competitors.
Free Demo account:
Binomo provides customers with a sample account that is well-organized and reasonably priced. Logging in will give you access to a demo account, where you can trade. You can access the demo account by entering your email address.
After a user signs up, a virtual $1,000 reward scheme is added to their trading account. This reward is available to clients once they have mastered the online trading platform and website. Individuals who are looking for positive returns can add it up anytime.
You can use this risk-free account to determine if it is right for you. Demo accounts are available to traders who want to learn more about trading assets and how to train.
Various payment methods:
All payment options are available to meet the customer’s needs. It’s a platform that offers customers simple, convenient payment options that will benefit their funds.
International customers can benefit from the business account. The location of the customer will determine the likelihood of making a profit. Binomo card or e-wallet assistance can be used depending on where the customer is located. You can make $10 profit by using the additional benefits of payment forms.
Special Offers/Bonuses/Promotions
Although there are some special offers, many of them are very time-sensitive and subject to change. These special offers are clearly displayed on the website so that you don’t have too look. Although they can range in size from 25% to 100%, most welcome bonuses are a bit more complicated. For example, the promotion allows you to make a deposit to receive up to $150 in bonus options.
24/7 Customer Service
For novice traders, it is crucial to be able contact your broker to ask questions or raise concerns. It is important to know that your broker will respond quickly and efficiently to any questions or problems you may have. Binomo offers a live chat option. You can open the chat box by clicking the red message button at bottom of screen. This is available on desktops and mobile devices. You will then see many language options.
Deposits and withdrawals
Binomo’s minimum deposit is dependent on the account type you choose to open. A Standard account allows you to trade with real money starting at $10. However, VIP accounts require you to deposit at least $1000 within 24 hours. A 10% fee may be assessed for withdrawing funds. However, this is only applicable if you haven’t completed a certain amount of trades. All your data is protected against fraud and encrypted on the site. Binomo allows you to make withdrawals and deposits in many ways.
- Visa and MasterCard Credit Cards
- Jeton
- Indian banks
- neteller
Register with Binomo to start trading
(Risk Warning: Your capital can be at risk)
Binomo Assets/Market:
Binomo offers open trading on over 60 assets for traders who sign up for their platform. Examples of markets include commodities and forex. For short-term trading, more volatile markets can be beneficial.
They offer many different businesses to their customers, in addition to offering multiple markets. This can make it easier for traders to explore different markets and test other assets.
Binomo offers only High/Low trading options, but the number of assets on offer more than compensates. For those who are interested in trading, the following list includes current markets on Binomo:
- Stocks of large companies/leading stocks
- Currency pairs (AUD/USD & GBP/USD).
- Indexes.
- Goods pairs.
Binomo trade type:
Binomo offers the regular High/Low trading option, also known as call/put and turbo trades. All online brokers offer the standard buy/sell derivative High/Low. High/low is a method of predicting whether an asset’s final market price will rise or fall below its price at a particular time.
Turbo trades can be used in place of standard trades, but they are shorter-term. Binomo allows seamless trading, despite not offering many trading types. Binomo is different from other online brokers because the market never closes. This allows you to trade whenever you like, even weekends.
(Click Here) Register with Binomo to start trading
Binomo’s trading advantages:
These are the benefits of trading with Binomo, for beginners and experts alike, that traders can take advantage of if they want to trade in the future.
- It has low entry requirements, which makes it ideal for traders who are just starting out in trading.
- Demo account fully functional with all necessary learning resources
- This is a simple, functional method of sorting accounts.
- A trading platform that is well-designed and features cutting-edge features
- Quick, easy and reliable withdrawals
- Concentrate on the rapidly growing markets of Brazil and India.
Binomo trading disadvantages:
Binomo is a great service but it has its drawbacks. These are just a few of the disadvantages:
- Markets and assets are scarce.
- There is no regulatory body.
- There is no desktop software; there are only browsers and apps.
- There are no signals, insights or social trading options.
Binomo Customer Support
Binomo offers professional and dedicated customer support via email and chat. This is to make it easy for traders. You can access the live chat support via the trading platform’s website, which supports multiple languages. If you require immediate assistance, it can be used.
You can email your concerns to support@binomo.com. The team will respond within 24 hours.
While we want to assist our readers in every way possible, sometimes it is easier to talk directly to your investment site than to email. Binomo can help you with any questions about trading or other matters.
- Binomo email: support@binomo.com
- Address, Dolphin Corporation First Floor, First St. Vincent Bank Ltd Building James Street, Kingstown St. Vincent and the Grenadines.
Binomo trading tips
These tips will allow you to trade seamlessly with Binomo.
- Trade size: You can only trade between 2% to 5% of your total account in one trade, and you have the freedom to make great choices.
- Get all the information you need about selected markets. Once you have a solid understanding of the asset, you will be able to trade in full.
- Only trade money you can afford: If you trade in large amounts, you won’t be able make informed decisions.
- To practice, improve, and test techniques, you can use the demo account together with your real account.
- Don’t chase down losses or make trades out of random. Keep track of your transactions.
Register with Binomo to start trading
(Risk Warning: Your capital can be at risk)
Binomo Pros & Cons
Binomo Pros
Access is easy
Binomo allows any trader, whether they are an experienced or novice, to open a trading account with a minimum deposit $10. For validation of your account, the platform only requires basic information. It doesn’t require bank statements or financial documents.
Demo account
Demo accounts are a simulation of the real trading platform. This allows new traders to get familiar with the trading dynamics and techniques. Experienced traders can also use IT to familiarize themselves with the interface.
Minimum Investment
Binomo allows traders start trading with a minimum investment of $10. Its goal is to earn the trust of its users, so that they can easily invest without the risk of losing or risking their money. Multiple payment methods
BInomo offers a variety of payment options so users can choose what is most convenient for them. Binomo accepts Visa, MasterCard and Wire Transfer. Jeton and Neteller are also supported.
Pay quickly
Trading platform does not have any rules that must be followed to release traders’ earnings. Standard account holders have 3 working days to receive their payment. VIP account holders only need 4 hours.
Tournaments
This unique feature makes Binomo a highly competitive broker. Each account holder receives a $300-$600 tournament. The platform also organizes paid tournaments with funds between $1,500 to $75 000.
Maximum Profit Margins
Binomo allows traders to make a maximum profit up to 90%. The percentage of profit earned by each trading account is different. Standard account holders can make up to 84%, while Gold account holders can make 86%, and VIP account holders may earn as much as 90%.
We are available to assist customers whenever they need us.
Binomo’s professional customer service team is available to answer your questions and solve your problems. They offer 24/7 customer support via email and live chat.
Mobile Application
You can access the trading interface from your PCs and laptops, but Binomo also offers a mobile app that can be downloaded and used on Android and iPhone.
Binomo Cons
Limited Assets
Binomo has 45 asset types, which is less than other brokers. You can usually find more than 100 different asset types.
In many regions, there is no availability
Binomo is not accessible to US and European traders.
No Desktop Version
It is not possible to access the desktop version on laptops or PCs. Mobile apps and web browsers are available for trading on both laptops and desktops.
Binomo Review Conclusion
Binomo seems to be an excellent option for both novice and experienced traders looking to multiply their money quickly. Binomo has multiple investment options and trading options. SSL protocols protect the interface from theft and burglary.
Trading accounts allow new traders to gain experience and knowledge in trading. They can spend time in an interface that is similar to the real thing. To trade, traders use $1000 of digital money.
It’s easy to start trading with a minimum of $10. There are three trading accounts on the platform, each with different profit margins and assets. Traders can choose one that best suits their needs and preferences.
(Risk Warning: Your capital can be at risk)
* Warning! The Client must assess their financial situation before they can trade on the platform. They also need to be familiar with the terms and conditions of the agreement for the provision of services.
