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Binomo Company review

Binomo Limited Company launched in 2014. It was originally focused on the Eastern European countries, especially Russia. Therefore, despite the official registration in the Seychelles offshore zone, the company was licensed by the Russian FMRRC, but not Cyprus CySEC, which is also very reputable in the world.

The advantages of the Binomo platform:

  • Beneficial trading conditions for beginners;
  • Good 24/7support service;
  • Convenient learning conditions, unlimited demo account;
  • The minimum entry amount for real trading is 10 USD;
  • The minimum investment amount for the transaction is 1 USD or 1 EUR;
  • The rate of return of contracts up to 87% and above, CFD is without restrictions;
  • Comfortable trading platform with the technical analysis function;
  • The ability to trade with classic contracts and CFDs;
  • Mobile trading is available;
  • More than 10 payment systems support, fast payments

Basic information About Binomo Broker

Broker name Binomo
Site www.binomo.com
Date of foundation 2014 year
Central office Evagorou, 27, Irene Building, 4th Floot, Office 44, Trupiotis, Nicosia, 1066, Cyprus
Support phone 8 800 555-71-85
Type of support Phone, online-chat, e-mail, Skype
Languages 13 languages
Trading terminal A professional author terminal
Min. first Deposit $10
Min. invest $1
Bonus Up to 100% on Deposit
Profit Up to 90%
Free demo account Yes Open demo
Regulated Yes
Regulator CRRF (RU 0395 AA Vv0120)
Account type Demo, Standart, Gold & VIP
Deposit methods Credit and debit cards VISA/MasterCard, QIWI, e-payments, Neteller, Mobile phone, PSB, WebMoney, Yandex Money, cryptocurrency wallets
Ways to withdraw money Credit and debit cards VISA/MasterCard, QIWI, e-payments, Neteller, Mobile phone, PSB, WebMoney, Yandex Money, cryptocurrency wallets
Number of assets More 50
The expiry time 60 seconds to 1 hour
Asset type Currency pairs, precious metals, cryptocurrency (Bitcoin BTC, Litecoin LTC, Crypto IDX), indices, raw materials, shares
Types of options Classic, High/Low options
Currency of account USD, EUR, RUB
Mobile App Yes

There are drawbacks, but they are few and controversial. Firstly, the inability to set the expiration date for more than 60 minutes. Secondly, there are 50 assets. In the case of the first minus, it is worth noting that the company is mainly focused on beginners and short-term trading. And 50 basic assets is a sufficient assortment of trading tools. There are currency pairs, cryptocurrencies, stocks, raw materials, and stock indices. For comparison, many Forex dealing centers offer clients about 15–20 currencies.

Binomo trading platform

One of the main competitive advantages of the company is a customized trading terminal. This is not a typical solution from SpotOption, which is used by about 70% of companies on the market due to its low cost. Modern Binomo terminal is a professional trading platform.

The Binomo platform, which is considered one of the best on the market, has the most advanced technologies; professional tools are available to help conduct a full analysis of the assets dynamics, high speed of applications execution. This eliminates the need to use third-party services and makes trading comfortable. Moreover, in addition to all the advantages described above, Binomo easily withdraws profit earned by traders. The maximum withdrawal period is only 24 hours!

The company\’s platform, which does not require installation on a computer, is distinguished by a pleasant design and advanced functionality: the change of the graphics look, the expiration type, the range of assets and the study of the information according to them, adding indicators and graphical elements, etc. It is easy to understand the principle of the platform operation, to understand the capabilities of the client; then you can immediately bet and make a profit. The terminal is focused both on the market novice and on the professional trader, who will be comfortable here. You can immediately learn the latest market news, analytics of the company\’s employees, watch quality webinars.

Features of the platform:

  • 15 indicators of technical analysis;
  • Scalable and scrollable graphics;
  • 4 modes of the price formations displaying;
  • More than 20 tools for graphical analysis;
  • Visualization of transactions and expiration dates;
  • Multi-threaded trading function, multiple tab pages with graphs;
  • The ability to control using the keyboard or one click of the mouse

The terminal is made in dark colors. More than 70% of the working area is occupied by the graphs, toolbar is along the edges; there are only functions that are really needed by traders, nothing extra.

Binomo broker quotes

A young and promising company is interested in providing customers with only proven and reliable service. To keep users up-to-date on quotes, Binomo cooperates with one of the most respected liquidity providers in the market, Thomson Reuters. Thus, traders can be sure that there are accurate data on the value of the assets that are updated in a timely manner in the terminal. This information is the one and only for all users; its change on behalf of the broker is excluded.

Deposit and withdrawal of earnings

A strict payment discipline is a very good sign of the reliability of the trading service company. The withdrawal of earnings from Binomo is carried out within 24 hours. After sending an application for withdrawal, the money often comes in 3-4 hours to the wallet specified by the trader! And this impressive speed indicates that Binomo is very fast to return and never hides the money you earn. As you understand, this is very important considering that many other similar resources start to make intrigues by new and new excuses for you after completing the application.

So, the company Binomo withdraws the earnings of traders without any problems. She does this with the help of VISA, UnionPay and MasterCard payment cards, Alfa-Click, NetellerQIWIPSBWebMoneyYandex Money, cryptocurrency services.

It is important to note that the minimum withdrawal amount starts at $10 and the company does not charge additional fees for transactions, which allows customers to save significant amounts.

Complaints about Binomo

Our team studied thematic forums and portals, which contain information and reviews about Binomo. It is worth noting that there is a certain part of negativity among the customer reviews. As it turned out, the complaints were caused by technical problems on the company\’s website at the time of its transition to a new trading platform, as well as the replacement of the bank, which stores the deposits of its users. A wave of negativity rose due to technical difficulties and instantly subsided after the work of the service was returned to normal. The company has created an excellent trading platform and the funds are really withdrawn within 24 hours so it would be illogical to treat the wave of negative we described as a flaw. Working with Binomo is even much better now.

Otherwise, the complaints about Binomo are not beyond the critical level. This suggests that the company copes with its goals and objectives, to trade profitably and comfortably on its platform.

Binomo broker regulator

Binomo operates under the jurisdiction of the Russian FMRRC Commission (№ RU 0395 AA Vv0120). This ensures that the company is under the control of a serious regulator who conducts inspections of the organization’s activities, transparency, and quality of service, and guarantees the security of all customer deposits. In the case of the financial problems of the platform, you can easily take your money back, which also indicates its reliability.

In addition, the organization has been a member of the International Finance Commission (category “A”) since May 2018. This fact also clearly confirms that Binomo is a reliable project that guarantees a high quality of service, transparency of cooperation, and the protection of their funds by professional organizations.

Conclusion

As a conclusion, we should note that Binomo easily passed our thorough testing and is quite worthy to be among those companies, where you can easily trade options and make good money. Moreover, the company Binomo will bring you all earned income without any problems, it is under the control of the FMRRCregulator, and has numerous positive customer reviews! Choosing Binomo to work, you get quality, stability, reliability, and innovations in one platform! These are great advantages that can hardly be found on most other similar trading platforms in the financial market.

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