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Binomo Company review

Platform Binomo launched in 2014. 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;
  • Comfortable trading platform with the technical analysis function;
  • The ability to trade with classic contracts, equities, commodities, OTC;
  • Mobile trading is available;
  • More than 10 payment systems support, fast payments

Basic information About Binomo

Broker name Binomo
Site www.binomo.com registration on the site
Date of foundation 2014 year
Central office Dolphin Corp First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines
Type of support Online-chat, e-mail
Languages 13 languages
Trading terminal A professional author terminal
Min. Deposit $10
Min. invest $1
Bonus *Up to 100% on Deposit Bonus
Profit **Up to 90% 
Free demo account Yes Open demo
Regulated The Financial Commission
Regulator  
Account type Demo, Standart, Gold & VIP
Deposit methods ***Bank cards, e-wallets, cryptocurrency wallets
Ways to withdraw money ***Bank cards, e-wallets, cryptocurrency wallets
Number of assets 60+
The expiry time 60 seconds to 1 hour
Asset type Currency pairs, cryptocurrency (Bitcoin BTC, Litecoin LTC, Crypto IDX), commodities, OTC
Types of options Classic
Currency of account USD, EUR and local currency
Mobile App Yes

*Details can be found in the “checkout” section or in the “Promotions” section
**if the forecast is correct
***The type of Deposit / withdrawal depends on your country of residence

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 60 assets (for VIP account). In the case of the first minus, it is worth noting that the company is mainly focused on beginners and short-term trading. And 45 basic assets is a sufficient assortment of trading tools. There are currency pairs, cryptocurrencies, stocks, raw materials, and stock indices. For comparison, many other trading platforms offer clients about 15-20 currencies.

Recall what a broker is

A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal. You can read more details here

Binomo trading platform

One of the main competitive advantages of the company is a customized trading terminal. Modern Binomo terminal is a professional trading platform.

The Binomo login 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 asset’s 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 average withdrawal time is up to 3 days depending on account type and withdrawal method.

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 deal 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.

Features of the platform:

 

binomo broker platform

  • 14 indicators of technical analysis;
  • Scalable and scrollable graphics;
  • 4 modes of the price formations displaying;
  • More than 16 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. 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 average withdrawal time for a standard account is up to 3 days depending on account type and withdrawal method. 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. It does this with the help of bank cards, e-wallets and cryptocurrency wallets. Deposit and withdrawal methods depend on the trader’s country of residence. 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. 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 3 days depending on account type and withdrawal method 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.

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. 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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