Binomo is a regulated binary broker, that claims to both beginners and professional traders since the company has service package for each category of financial traders.
Binomo loves to accentuate several aspects of their platform and service – reliability confirmed by the license of the financial regulator, security ensured with modern SSL security certificates, high-tech features implemented in the proprietary trading platform and loyalty expressed in the availability of trading conditions. If you want to prove these facts, we suggest reading the review.
General Information about the Broker
- Start of working online – 2014
- Regulation – CROFR
- Platform – proprietary trading software
- Demo account – on a real platform with virtual funds
- Minimum deposit – $10
- Minimum lot – $1
- Related services – training, bonuses, promotions, tournaments
- Support 24/5 in Russian
- Withdrawal time – 4 hours to 3 days
Binary Options Trading With Binomo
Binomo has a minimum deposit of only $10, so binary trading is available to traders with any funds available. The minimum trade is only $1, so even with a bare minimum trader can see what trading looks like. Binomo says that win rate is 85% on average, and may reach 90%, but we didn’t manage to prove these numbers.
In its platform, the broker has implemented modern technologies for trading and market forecasting. On the site, the clients are offered the optimal trading functionality:
Wide format chart with a scaling option
- Adjustment features – various kinds of quotations display, wide choice of time frames
- History of price movement
- Set of technical indicators
- Instant execution technology
- Graphic tools
- Non-stop trading mode
- Over 50 basic assets
- Extended range of expiration periods – 60 sec. to one day
With the help of the described options, a trader can use all possible trading strategies and forecasting approaches, and thus diversify their trading.
Binomo Demo Account
It is worth noting that you can trade on this terminal using a demo account – for this purpose the broker provides you an unlimited amount of virtual funds and the ability to carry out training in real market conditions. For beginners, this is an opportunity to learn trading without the risk of losing their funds, and for experienced players – a safe field for creating and testing various trading strategies.
How to Open a Binomo Account?
You can open an account with the company within a few minutes. On the central page of the site, there is a quick registration form where you need to specify the minimum set of data – email, password and deposit currency. After confirming the registration through the link in the email, you can get an access to your back office, where you can update your account with the personal data.
It is worth noting that Binomo does not require additional verification – it’s enough to top up your account with the desired amount of funds and within a few minutes after the funds are deposited to your account, you may start trading.
In terms of payment services, the broker supports the following payment providers: MasterCard/Visa, Neteller, WebMoney, Yandex.Money, Qiwi, which allow the funds to be instantly credited, and the profit can be withdrawn within 4 hours to 3 days, depending on the amount of the deposit.
The company provides its clients not only with classic bonuses for the first and repeat topping up, but also constantly makes interesting promotional offers and organizes tournaments where traders with any type of account, including a demo account, can get an opportunity to improve the effectiveness of their trading or to receive a prize with real money.
For topping up, an informative form is presented where you can immediately see the amount of bonuses (the amount of bonus funds for topping up depends on the funds transferred and can reach 85%):
After choosing the amount and method of topping up, the client is being redirected to the secure area of the site where it is possible to safely fill in the form with personal data. The form interface depends on the selected payment service:
It is also worth noting that the topped up amount depends on the type of the trading account: Standard, Gold or VIP – with a certain package of additional services.
Broker’s Additional Services
As it was said before, not only experienced traders, but also beginners can successfully trade using binary options on Binomo. The broker has created an extended training program, which is implemented in the form of an interactive tutorial, video tutorials, step-by-step instructions and a stock exchange glossary (knowledge base). Thus, even players with zero knowledge can quickly learn the art of option trading.
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