Table of contents:
- 1 What Is Binomo? – Facts About The Company
- 1.1 Safety And Regulation
- 1.2 Financial Security
- 1.3 Review Of Trading Conditions
- 1.4 What Platforms Does Binomo Offer
- 1.5 How To Trade With Binomo
- 1.6 Binomo Free Demo Account
- 1.7 Account Types Offered By Binomo
- 1.8 Review Of Deposit And Withdrawal
- 1.9 Support And Service Of Binomo
- 1.10 Accepted And Forbidden Countries By Binomo
- 1.11 Conclusion
- 1.12 Is Binomo Safe?
- 1.13 Can we withdraw money from Binomo?
- 1.14 What is the minimum deposit in Binomo?
- 1.15 Can you try Binomo for free?
Binomo user-ratings: $10
Asset varierity - 7.5/10
Trading platform - 10/10
Support - 8.5/10
Fees - 8.5/10
Deposit/Withdrawal - 10/10
Facts about the company:
- Type: Binary Options Broker
- Regulation: International Financial Commission
- Minimum deposit: $ 10
- Demo account: Free
- Markets: 49+ Forex, Stocks, Commodities, Crypto
- Start with $ 1 investment amount
- Low minimum deposit
- Yield up to 90%
- Fast execution of trades
- Trading 24/7
- Not available in every countrie
What Is Binomo? – Facts About The Company
Binomo is an international platform that offers professional software for investing in different markets. Dolphin Corp manages the website of Binomo and it is located in First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines. This broker has been operating for over 133 countries and offers digital options. With Binomo, traders can start trading even with a small amount of money.
Facts about Binomo:
- Active in over 133 countries
- Award-winning broker
- International trading platform
- Offers trading digital/binary options
- Offers 49+ markets
Safety And Regulation
In order to avoid scammers and to determine whether the broker is legit or not, you’d need to know if the broker is regulated. Regulation is attained by a certain trading company (the broker) by possessing and passing specific criteria in order to operate legitimately. Binomo is regulated by the International Financial Commission with the highest category “A”. The company is legally registered in St.Vincent and the Grenadines.
Regulated by the following:
- Financial Commission
The security of our investments and funds is the top priority of any trader. Binomo gives security and assurance to its clients not just by being a regulated broker, but also by giving protection in terms of clients’ finances. As mentioned earlier, Binomo is a legal company that is registered in St.Vincent and the Grenadines. This indicates that a compensation fund of €20,000 per complaint.
Basically it means that if ever in the event that Binomo is proved to be guilty in cheating its clients, the company’s authentication or certificate would be quickly taken away. This is because the broker is being checked by the IFC (international regulation). Plus, Binomo only uses authenticated payment methods for its clients’ safety payment processes. Additionally, the company segregates funds of its clients from the company funds. We can say that Binomo is trust-worthy and a broker that gives importance to the safety, fairness, and security of the customers.
Summary of safey and security:
- Regulated and authorized
- Compensation fund of €20,000
- Safe and secure
- Payment methods are verified
- Segregates client funds
Review Of Trading Conditions
Binomo offers different markets to trade: currencies (forex), cryptocurrencies, stocks, indices, and commodities. The company also offers trading digital/binary options and yield is up to 90%. Since Binomo offers digital/binary options, it is possible to choose from trading long-term and short-term. There are more than 49 different markets with this broker and the minimum deposit requirement is as low as $10. Binomo offers fats trading execution and a free demo account with $1,000 free virtual funds. Plus, there are 3 types of accounts to choose from with Binomo. The accounts will be further discussed later on in this review.
Conditions for trading with Binomo:
- Fast trading execution
- Free demo account with $1,000 free virtual funds
- The minimum deposit is $10
- Yield up to 90%
- 3 types of account
- 49+ different markets and assets
- Choose between long-term and short-term trading
What Platforms Does Binomo Offer
The trading platform of Binomo is easy-to-use and perfect for any type of trader – beginner or advanced. This platform can be used in any type of device. Traders can trade using a desktop computer or mobile device both Android and iOs. The platform has good functionalities and offers one-click trading. The Binomo platform is not only good for trading, but also for doing the market analysis.
Multi-charting is possible and this is good due to the ability to use different chart types by switching with one click between the markets and time frames for the analysis. Additionally, traders can customize the chart for their analysis as they want. Plus, traders can add free drawing tools and indicators to do a technical chart analysis. The platform also promotes fast execution, no lags, and is secure.
Types of platforms offered by Binomo:
- Binomo web platform
- Binomo app android & iOs
How To Trade With Binomo
In order to achieve good trading results, you should know how trading works. As mentioned before, Binomo offers digital/binary options. There are over 49 markets that you can choose from when trading with Binomo. When trading digital/binary options, traders can invest in rising or falling markets with a limited loss, profit, and expiry time. Basically, before the trader can start trading, the outcome of the trade is limited and the trader is aware of the exact risk. This is the reason why Binomo is perfect for both beginners and advanced traders.
First, you would need to decide which asset you want to trade. Then, select the investment amount (you can start with $1) and select the expiry time. Start trading, you can decide whether to do short-term or long-term trading. Then, wait till the expiry time is over. By the way, you can invest in one direction and it is possible to open multiple trades at the same time.
Step by step process in trading with Binomo:
- Decide which asset you want to trade
- Select the investment amount
- Select the expiry time
- Start trading (decide whether short-term or long-term trading)
- Wait till the expiry time is over
Binomo Free Demo Account
We highly recommend for traders, especially beginners, to get a free demo account first. It is best to practice your trading skills and strategies first before trading live. It is also important to know the risks of trading and be aware if you are ready and able to take the risks. Trading is a very serious thing and it requires real funds (money) in order to trade live. Unintentional executions may lead to a great loss of investments (money). Binomo offers a free demo account to its clients with free ready-to-use virtual funds $1,000.
Account Types Offered By Binomo
Binomo offers 3 types of accounts: Standard, Gold, and VIP. The standard account is best for those who are new to trading. The minimum deposit is $10 and has more than 39 tradeable assets available. The second account type is the gold account which requires a higher deposit than the standard account. The minimum deposit is $500 and has more than 42 tradeable assets. The advantage of the gold account from the standard is that it includes investment insurance and an account manager. The highest account is the VIP which has more than 49 tradeable assets and requires the highest deposit. The minimum deposit is $1,000, which includes investment insurance, and VIP account manager.
|Standard||€/£/$10||39+||Up to 3 days||Max. 84%||Max. 80%||–|
|Gold||€/£/$500||42+||Up to 24 hours||Max. 86%||Max. 90%||Investment insurance, manager|
|VIP||€/£/$1,000||49+||Up to 4 hours||Max 90%||Max. 100%||Investment insurance, VIP manager, individual offers|
Account Types offered by Binomo:
Review Of Deposit And Withdrawal
Binomo has various payment methods that you can choose from. You can use Advcash, Credit Cards, Cryptocurrencies, Jeton Wallet, Payeer, Perfect Money, and many more. Basically, the availability of the payment method that you can use depends on what country you reside in. Some payment methods mentioned may not be available in your country’s residence for some reason.
Anyhow, you can choose whether you want to process your funds through the classical payment method, electronic payment method, or through cryptocurrencies. There is no fee for deposits and the minimum deposit required is $10. Also, there are no fees for withdrawals. The processing time for deposits are usually fast and right away. However, for withdrawal, it may take up to 3 days and depends on what account type.
Deposit and withdrawal methods:
- Credit Cards
- Jeton Wallet
- Perfect Money
Support And Service Of Binomo
Binomo support is available through phone, chat, and email. The support operates 24 hours per day and is available in over 10 languages. Binomo also has a section on its platform where you can find helpful educational frequently asked questions and answers. In our opinion, customer service is good and the agents are friendly and professional.
Accepted And Forbidden Countries By Binomo
Binomo accepts traders from India, Kuwait, Luxembourg, Saudi Arabia, South Africa, Thailand, United Arab Emirates, Qatar, and other countries. However, Binomo doesn’t accept traders from Australia, Austria, Belarus, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iran, Ireland, Israel, Italy, Japan, Laos, Lithuania, Malta, Mali, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Russian Federation, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, and the United States.
Binomo is a regulated and legitimate trading company. Base on our observation and experience with this broker, we can say that Binomo is a reliable and secure trading platform. The trading platform is available in any type of device. It has good trading conditions and the software and capabilities of its platform are quite impressive. The availability of contacting the support of Binomo is not hard due to the fact that it operates 24 hours per day. The agents are professional and approachable.
The minimum deposit required is only $10 and Binomo doesn’t have any hidden fees. Plus, there are good indicators and a number of tools to use in analyzing the markets. Additionally. traders that trade with Binomo can earn in 60 seconds a high yield of up to 90%. We recommend this broker because of its good products and services.
- Offers 49+ markets
- A minimum deposit of $10
- Start with $1 investment amount
- Return on investment up to 90%
- Regulated and legitimate Company
- Offers free demo account with virtual funds
- Short-term and long-term trading is possible
- 24-hour customer support (available in different languages)
- Offers educational materials and some trading strategies
- Not available to some countries
Most asked questions:
Is Binomo Safe?
Yes – Binomo is a safe platform for trading. It is regulated by the financial commission. But trading is not easy. It is hard to make money from the stock exchange. You will need a lot of practice and a strategy for earning money.
Can we withdraw money from Binomo?
Yes – You can withdraw money with the offered payment methods. Please make sure that your account is fully verified. Binomo may ask for documents of your identity. You can go to the menu and click on withdrawals. Then you will see the payment options where you type in the amount of money you want to withdraw. Binomo is a safe broker that withdraws the customer’s money.
What is the minimum deposit in Binomo?
The minimum deposit is $ 10 only. But you can deposit higher amounts if you want. The minimum investment for one trade is $ 1. Binomo is available for each type of capital.
Can you try Binomo for free?
Yes – To open an account with Biniomo is completely free. There are no account fees or costs. You can open a free demo account with $ 1,000 virtual money and try out the platform. It simulates trading with real money.