Binomo Review – Full revision of binary Broker & Real info

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  • Binomo
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Binomo – innovative binary options and crypto IDX trading platform review

вњ… This Trading Platform is available in Ukraine

Overview of Binary Options Companies: Binomo

The rapid development of the global financial market, the increase in the number of companies providing access to it, as well as the amount of investments directed to this sector, led to the fact that those wishing to invest their money in Internet commerce are growing exponentially every day. But how to choose a reliable broker for these purposes?

Binomo is one of the best client-oriented companies of the binary options trading market, with a wide range of financial assets.В This platform provides analytical clients support, as well as the most favorable trade terms and investment opportunities to both professional and novice traders. This broker has quality learning section for a better understanding of the importance of trading processВ and improve traders skills.

Why traders choose Binomo

Binomo is European platform and proven operator of the financial services at binary options market, which combines professional support, customer-oriented policy and best trading conditions.В It provides access to the options market for clients of anyВ income level.

General information about the broker Binomo

For high-quality operation of the web resource, the administration uses a special application developed by highly qualified specialists for Binomo and a well-known trading platform Spotoption. This had a positive effect on the entire operation of the website, as evidenced by the positive feedback from its users.
Among the key characteristics of the broker is:

Location – Anguilla, Valley

Trading platform – Spotoption

The minimum deposit – $10

Minimum amount of the deal – $1

Best Binary Options Brokers 2020:
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    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
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  • Binomo
    Binomo

    2nd in our ranking!

Yield – до 94%

Free Demo Account – YES

Regulators – ЦРОФР

Types of funding – VISA, MasterCard, Maestro, QIWI, Webmoney, MoneyGramm, NETELLER, Skrill, Western Union, Bank transfer

Assets – 70 + (commodities, stocks, indices, currencies, pairs of assets)

Return on losses – NO

Types of options – Binary options, Long term options, Pair options, Touch and 60 seconds

Applications – mobile, tablet

Information on the situation on the world market

TradersВ are accurately use quotes onВ indices, stocks, currency pairs, commodities and pairs of assetsВ represented on the website.В All quotations accurately to one hundredth of a point are equal to those that are used by professional players of the world stock, currency and commodity markets.В Liquidity provider forВ BinomoВ is a world-famous company Thomson Reuters.

What a client should know about Binomo and what help he can expect from the trading platform

The client is given a choice of 4 accounts types, for easy asset management. These accounts vary by size of the deposit and privileges provided for their owners.

“Demo account”

в—Џ An instrument forВ demonstration the real account, training and checking all possibilities of the trading platform without deposit opening

в—Џ Training management of В trading skills (commercial capital strategies and practices)

в—Џ Access to the full functionality of the trading platform

в—Џ Possibility of freeВ refilling of
virtual funds  (up to 50 000 rub/$ 1000/€ 1000)

“Standard” — В from $ 10

в—Џ Access to assets with a fixed return of up to 85%

в—Џ Ability to make deals from $1

в—Џ Opportunity to participate in tournaments

в—Џ Bonuses for each depositВ refilling

в—Џ No restrictions for account refilling

в—Џ Withdrawal of profit to 3 working days

“GOLD” — from 500$

в—Џ Extended list of assets

в—Џ Return on assets up to 86%

в—Џ Increased bonuses for depositВ refilling

в—Џ Insurance with the help of bonus money

● Weekly cashback — 5% (real money)

в—Џ Accelerated withdrawal up to 24 hours

в—Џ Analytical support & personal manager

“VIP” — from 1000$

в—Џ Full list of assets

в—Џ Fixed return on assets reaches – 87%

в—Џ Bonuses up to 100%

● Weekly cashback — 10% (real money)

в—Џ Insurance with real money

в—Џ Withdrawal of profits up toВ 4 hours

в—Џ Analytical online support via Skype

в—Џ Access to unique options

Each potential partner of a broker can create an account on Binomo to first test their strength, and then, having gained the necessary experience, work “on the result.”
It should be noted that owners of 3 and 4 types of trading accounts can use insurance for the first five transactions, and in case of failure to return their money back.

Binomo Education

Binomo offers for its traders next instruments for assets trading: Binary options, Long term options, Pair options, Touch and 60 seconds.В Moreover, each of these types allows trade to offset the most profitably any price fluctuations of the transaction and to fill in any time hisВ deposit with profit.В В Trading strategies are integrated into the platform, thatВ gives the broker opportunity prematurely receive signals, which are generated on the basis of indicators reliable to indicators of stock market. The company provides with trading signals free and very profitably (72 out of 100 deals are closed with a profit)! Also Binomo provides flexible expiration time ranging from 1 minute to 12 months.

It is also important to emphasize the fact that the owners of В«GoldВ» and В«VIPВ» accounts are ableВ to take advantage of 100% insurance during the first 5 transactions.В В In other words, the client is given a unique opportunity to play for the entire deposit, while without any fears for losing it and get a real profit from the transactions.

Professional training with Binomo is completely free. AllВ video tutorials, books, tips, successful traders advices and instructions of successful trading are freely available too.В This brokerВ also provides traders with everyday analytics of level-PRO, including forecasting and reviewing the markets of popular assets. Binomo supports “Non-stop” trading mode and security of the Hi-teck level.

Regulation of company actions

Replenishment of accounts and withdrawal of funds

в—Џ Plastic cards of banking structures.

в—ЏВ Yandex money.

в—ЏВ Alpha click.

в—ЏВ ePayments (in some post-Soviet countries).

в—ЏВ Lately, the “untwisted” crypto-currencies have become increasingly popular.

Binomo Trading Tools

в—Џ Availability of own trading platform.

в—Џ Affiliate program.

в—Џ Loyal conditions of trading.

в—Џ High profitability of financial transactions.

BINOMO – SAFE TRADING WITH MAXIMUM PROFIT!

“General Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your funds”

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10 comments to “ Binomo – innovative binary options and crypto IDX trading platform review ”

I’m satisfied with the experience of the broker. In my opinion, this broker is one of the best for today. Profit at the level, and with the withdrawal of money no problem.

I, like many, was scared to start. After reading various reviews, my head was spinning. He took a chance and began. Pleased, the Expertoption broker is decent.

I like Expertoption trading. In my opinion, there are all opportunities for earning. While problems in the process of work did not arise – everything is quite simple and convenient.

I consider trading Expertoption really good. I have been working in this industry for a long time, and I am happy with trading. In my opinion, the company is quite worthy of attention.

Although I have been working with Trading Expertoption for quite some time, the company is really happy. In my opinion, by the parameters of the work this trading was no worse than many top-end brokers. The results are excellent.

In general, trading Expertoption is quite pleased. Working with him was very convenient, I really liked the trading. The general impression is quite positive.

Everybody wants to make easy money. And they give themelves the target to achieve certain amount. You cannot predict what will happen in the next 10 seconds. So we all have to be careful with trading.This article shows the real picture.

Binomo is by far the best platform for any newbie or professional.

Based on my research and personal use i can say that it is hands down very safe and it isnt a scam at all.
I saw this trading platform on the internet, and I signed up for a free trial. I liked the interface and enjoyed using it. It is on par with the competition. Other than that it has great service!

Binomo

Broker Name: Binomo
Platform: Binomo
Founded: 2020
Bonus: 100%
Return/Refund: 70-87% / 0-10%
No. Of Assets: 70
Regulated: No
Demo Account: No
Minimum Deposit: 10
US Traders: Not Accepted

Binomo Review

Binomo is an online broker, with a relatively long track record, owned by Tiburon Corporation Limited and registered in Seychelles. The company started operating in 2020 and developed their its unique trading platform. Binomo is a member of the Financial Commission. What this means exactly is still a bit vague because these are not high-profile financial regulators.

Editor’s Note: Why Binomo Sucks in 50 Words

What I dislike the most is point 2.14 in their terms and conditions:

“2.14. If the Client has deposited money into their account but later decides to completely or partially withdraw funds, and their trade turnover (the sum of all transactions since the last deposit) has not exceeded double the size of the deposit, the withdrawal fee will be 10%.”. Furthermore, their live chat was not working and they are not CySEC regulated. Sure they say it’s “pending” but there are brokers who have had pending regulation for years and are still the same old sucky broker.

Why Doesn’t Binomo Suck in 50 Words

I like their customized platform that offers you to trade with one keystroke (if you enable it). The charts themselves can be equipped with the most popular indicators like MACD, Bollinger Bands, MA, and RSI. In addition, you can select among many technical trading tools like trendlines, triangles, Fibonacci, pitchforks and many more to choose for analysis.

Is Binomo a Scam?

The first question is, how reliable is a Financial Commission membership? Is that something to compare to a CySEC or FCA Regulation? On the bright side, according to their website, they show “pending CySEC and CPO regulation”. But on the other hand, that “pending” regulation has been on their site for quite a long while without any new developments, so…

In the bottom line, this broker is probably not a scam but I would wait for a CySEC regulation before making a serious investment here. If you still wish to try them out, they offer 10$ deposits which are a small risk to take.

Should I Open an Account with Binomo?

The platform itself seems great and I love the fact that you get to open a demo account with just an email address! You can, at any time, replenish the money in the demo account or switch to your live account. One unique feature I have never seen anywhere else is the ability to use “Hotkeys” for trading. If you enable this feature, you may increase or decrease your investment amount, change your expiry and execute trades without using your mouse. You just need to memorize which keys do what. So before you switch to Hotkey-mode, make sure you know which keys do what to avoid any accidents.

The chart on the platform comes in several time frames, 5s, 15s, the 30s, 1 minute and 5-minute candlesticks and you can zoom in and out using the middle mouse button. As mentioned earlier, you have a vast selection of technical tools and the most popular indicators to apply to your chart.

Regarding option types, you can only trade turbo (60 seconds) and high and low options.
Expiry times for the high and low are 15 minutes, 30 minutes and 60 minutes. However, you also get to choose up to 6 minutes ahead of the current time with 1-minute increments. For example, if the time is 15:24, you can pick 15:25, 15:26, 15:27, 15:29 and 15:30 expiry which I think is pretty cool.

Should you open an account with Binomo? Overall, I feel like this broker is making a decent attempt in order to stand out. The last piece of the puzzle to make this a more reliable broker will be a CySEC regulation. To open a live account, you only need a deposit of 10$ and the minimum investment size is only 1 dollar which gives you room for 10 trades to try out the broker live – after you feel satisfied with their demo account. They also claim that your withdrawals will be processed within 3 days for a standard 10$ account and 4 hours up to 24 hours for VIP (requires deposits above $1,000). On the downside is the 10% fee in case you change your mind and wish to withdraw all your funds before you made trades that exceed twice the size of your deposit. For a 1000 deposit, what would be equal to 100$ fee which is way too much if you ask me.

The company address is Stagord Resources Ltd Vasileos Pavlou, 60 Agios Dometios, 2360, Nicosia, Cyprus and Tiburon Corporation Limited Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles.

Stagord Resources Ltd is the payment processor and operator for Tiburon Corporation Limited. They are located at Evagorou, 27, Irene Building, 4th Floor, Flat/Office 44, Trypiotis, Nicosia, 1066, Cyprus and are operating under the legislation of the Republic of Cyprus, registration number HE 338508.

Binomo Complaints

The broker seems to mainly target clients in Asia and primarily Russian citizens. The broker seems to mainly target clients in Asia and primarily Russian citizens, which makes sense because the FMRCC thing is Russian based. This makes it hard for us to find complaints written in English but I managed to find one on YouTube (also in Russian). What I could make out of it was a withdrawal issue that seemed to be connected with bonuses. In this case, I could not fully make out who was really at fault. Some commentators had mentioned it was the trader’s fault while others mentioned they didn’t feel like investing with Binomo after seeing the video. In the end, I think it was the typical complaint about not being able to withdraw and not having read the terms and conditions. If you understand Russian, here is the video about Binomo.

Binomo Regulatory Warnings And Announcements

18/12/2020: The Comision Nacional del Mercado de Valores (CNMV) (Spain’s financial regulator) has warned that Tiburon Corporation Limited (binomo.com) is not authorised to provide investment services. See full warning here.

Binomo Bonus

Their bonus offers changes from time to time but as a general rule, it seems to be ranging from 25% up to 100% (VIP account holders can get a 100% bonus). You need a turnover of at least 35 up to 40x times your deposit depending on the size of your bonus. If the bonus is below 50%, the turnover is 35 and all bonuses above 50% will have a turnover of 40 times. Until the turnover is reached, the client will be unable to withdraw any money from the account.

Binomo Withdrawals

Withdrawals are not charged for according to their website FAQ. However, the terms and conditions clearly state that should you wish to withdraw your funds before trading amounts up to at least twice the size of your deposit you will be charged a 10% fee. How much time the withdrawal takes depends on your account. Expect anywhere between 4 hours up to at least 3 days. Just make sure you have verified your account first by sending the required identification documents.

Binomo Ratings

User Friendly 17/20

The website comes in 17 languages including English, Russian, Polish, Spanish, Portuguese, Indonesian, Bahasa Melayu, Chinese, Vietnamese and Thai. There are free guides and strategies that are pretty good for beginners. The platform is explained under the “video section” but there are no other videos there. Demo accounts are available and so are mobile platforms.

Number of assets and expiry times 16/20

There are only two option types: 60 seconds and high and low. The expiry times for the high and low are 15 minutes, 30 minutes and 60 minutes. However, you also get to choose up to 6 minutes ahead of the current time with 1-minute increments. For example, if the time is 15:24, you can pick: 15:25, 15:26, 15:27, 15:29 and 15:30 expiry. The number of assets depends on the account type. VIP account holders get to trade the entire asset list while standard account holders only get to trade a handful of assets. There is no asset list on the site but according to other unverified sources, there are around 70-80 assets in total.

Commissions, Support and Effective return 17/20

There are no fees in general but if you have not exceeded trading volumes above twice of your deposit size, you are due to pay a 10% fee for the withdrawal. The live chat was not working so a thumbs down for the live support. Regarding payouts, the maximum percentage seems to be 87% which is very good. Gold clients can get up to 5% weekly cashback and the percentage increases to 10% for VIP clients.

Deposit, Payment and Bonus 16/20

Minimum deposit is just $10. The available deposit methods are as follows: VISA, MasterCard, Yandex.Money, QIWI, WebMoney, Neteller systems and Mobile Commerce. Withdrawals may take anywhere from 4 hours up to 3 business days to process, depending on the account type. There are various bonus offers and the required turnover is between 35 up to 40 times your deposit or depends on the bonus offer itself.

Website Extras 15/20

The biggest extra here is the “Hotkeys” feature which enables keyboard trading. You can choose the direction, increase or decrease your expiry and investment size with the already programmed keys. There are also tournaments and offers to the left of the platform. Traders can simply click them to read more about them.

Binomo Review

Introduction

Established in 2020, Binomo is a binary options broker registered in St. Vincent and the Grenadines under the trading name of Dolphin Corporation. They seem to offer everything that you would expect from a top level firm. While still awaiting CySEC licensing, they do hold an FMRRC certificate making them a regulated broker.

In addition to low trade requirements, they offer many other features. Various timed welcome bonuses and a demo account with $1,000 are just two of the benefits so you can start trading. They also offer comprehensive customer support and an excellent mobile trading experience for those who like to trade the markets on the move.

To find out more about this broker and whether they are the right choice for you, we have put together our comprehensive Binomo review. Our financial experts spend time analysing every aspect of trading with this particular broker to ensure that your trading experience is a good one. Find out more about why we think Binomo is an excellent choice.

In this review, you will learn:

    What makes Binomo stand out from their competitors The different trade types, payouts and assets available Why we think this broker is a good choice for traders

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

There are many account types available from Binomo, all of which require different deposit amounts and offer a range of benefits:

Standard Account

You can open a Standard account with just $10. This is a real account and you get all of the benefits of the Binomo trading platform which include:

    Access to most of the assets (there are 70 in total on the platform) Profits of up to 85% Minimum $1 trades, great for new traders looking to enhance their trading skills Withdraw money in up to 3 working days Technical support and great customer service support

Gold Account

A Gold account requires a minimum deposit of $500. In addition to the above, Gold account holders receive an extended range of assets to choose from, faster withdrawals (up to 24 hours), increased bonuses, advice and analytical support plus a weekly cashback amount of 5%.

VIP Account

For those who are more serious about trading, a VIP account requires a minimum deposit of $1,000. VIP accounts give you, the account holder all of the above benefits plus bonuses of up to 100%, fixed trade profits of up to 87%, withdrawals in less than 4 hours and a weekly cash-back of 10%. It also gives you access to all assets on the trading platform.

Despite the proprietary trading platform offering a VIP account, the deposit is still low in comparison to other brokers who require a much larger deposit on their top end account. Low deposits further indicate that this broker is a fantastic choice for those that are new to trading.

Trade Types And Payouts

The trade types available from Binomo are a lot less than you would receive from other brokers. They only offer High/Low Options and Turbo Trades. Expiry times for High/Low options are 15, 30 and 60 minutes. Another sign of a low entry-level focused on new or inexperienced traders is the inclusion of the simpler pair options.

They are also restrictive on the number of assets available with a maximum of 70 only being available to VIP account holders. Payouts range from between 70% – 87% which depends on the type of account that you have.

High/Low Options

High/Low Options are the classic type of binary options trading and are otherwise known as the Call/Put options. The aim of this is to predict whether the price of the asset that you select will go higher or lower than the current price by the expiry time.

The low deposit and minimum trade requirements add weight to their favourability.

Bonuses And Promotions

Special offers are available, but many are date sensitive and change from time to time. They are prominent on the website though so you don’t have to go looking for them. Welcome bonuses seem to range from 25% to 100%, but often they are a little more complicated. One example of this is the bonus that allows you to make a deposit and get up to $150 of free options.

Mobile Trading

Being able to binary options trade on the move is make or break for a broker in this age of digital technology. The best binary options brokers offer a mobile app with others providing at least a mobile responsive website that recognises the device you are using. Binomo also offers an app which is available on the App Store, for iOS users and Google Play, for those using an Android device. Both mobile apps offer the best trading conditions compared to the website in our opinion.

The beauty of using the Binomo app to trade is that you can set it up to receive notifications, something that you can’t do with the website version of the Binomo trading platform. So, when you login with Binomo, wherever you are in the world, and whatever you are doing, as long as you have an internet connection you can carry on mobile trading.

Deposits And Withdrawals

Standard account holders can open an account with a minimum deposit of just $10. For Gold and VIP holders this is more. It is easy to make a deposit using one of many accepted payment methods including personal credit cards like Visa and MasterCard. Once you have made a deposit, the funds are available immediately to trade on the market.

If you are making a withdrawal, you merely request the amount that you wish to withdraw. Ordinarily, there are no withdrawal fees however if you haven’t traded your deposit amount a required number of times, then you will be charged a 10% fee. The time it takes for the withdrawal to reach your account depends on the account status that you hold. For Standard Account holders, it is three working days. Withdrawals can be expedited to less than 4 hours if you have a VIP account.

Special Features

Binomo has lots of desirable features. Not least their demo account which gives you virtual funds of $1,000 in return for your email address. We have already mentioned the low deposit and minimum trade requirements which add weight to the favourability of Binomo as a beginner’s platform. Their customer support seems to be comprehensive, and they are contactable in some different ways.

Another feature of the Binomo platform is the analytical support and advice that is available to Gold and VIP Account holders. They also offer “free training” which includes an extensive knowledge base, great for traders who want to learn more about binary options trading effectively. Binomo investment do not currently offer Forex trading, look for Forex brokers if you want to trade Forex currency pairs.

Customer Support

Being able to access the broker with questions and concerns is essential, especially to new traders. If you have a problem or a query, you want to know that it will be dealt with quickly and efficiently. Binomo offers a live chat function. Just click the little red message icon at the bottom of the screen, whether on a desktop or a mobile device, to open up the live chat box. You will then see a list of language options.

Besides live chat support, there is also a contact link at the bottom of the website. Here you will find the opportunity to contact Binomo support via Skype or email. There is also an address and a message box. The message box has some fields including your name, email, telephone number and details of your message. They also have a Facebook page and Google maps embedded into their website. All of this would indicate that they are easy to get hold of and highly visible.

Here are the contact details for Binomo:

    Email – [email protected] Skype – support.binomo Address – Dolphin Corporation, First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.

Conclusion

All in all, Binomo seem to be a good choice for the new trader. Our conclusion is largely down to the fact that they offer a minimum deposit of $10 and a minimum trade amount of $1. Even if you were only to deposit $10, you would be able to execute ten trades to test the platform. $10 is less than you would lose from one trade on many of the other popular platforms with a minimum trade requirement of $25. In addition to this, their demo account is straight forward enough to encourage most newbie traders to give it a go. All you need to enter is your email address.

Customer support seems reasonable, and the mobile trading experience is suitable for trading on the go. The site is intuitive and easy to navigate. In our opinion, if you are looking for a broker that suits the first-time trader, then Binomo seems like a good choice. We would also like to state that during our Binomo review, we conducted our fraud due diligence to see if this binary option broker was a scam or not. We managed to deposit and withdraw fund with no issues and as a result, have no problem with this broker at present.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is Binomo legit, will they scam me?

We have found no evidence to suggest that they might scam you, and the fact that they have been regulated for a few years without incident indicates that this is a safe broker.

Do they have a decent mobile or tablet app?

Yes, Binomo offers a mobile app for both iOS and Android users. Their website is also responsive. The apps are free to download and mean that you can trade on the move.

What bonus do they offer for new traders?

Binomo offers a variety of binary option bonuses that change regularly. They range from 25% to 100% and are deposit match bonuses. Match bonuses mean that you will get a bonus depending on the amount of your deposit.

Can I start trading on a free demo account?

You don’t need to make a deposit, enter your email and you receive $1,000 of virtual funds. You can then use the virtual platform to get yourself familiar with its functionality.

What’s the minimum deposit and trade amount?

The minimum deposit is $10. The amount is low in comparison to other binary options brokers. The minimum trade amount is just $1. Many brokers require a deposit of at least $25 with a minimum trade of this amount as well.

Jacob has been an author for us since our launch in 2020. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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