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Binomo Company review

Binomo Limited Company 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

Broker nameBinomo
Sitewww.binomo.com registration on the site
Date of foundation2014 year
Central officeDolphin Corp First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines
Type of supportOnline-chat, e-mail
Languages13 languages
Trading terminalA professional author terminal
Min. Deposit$10
Min. invest$1
Bonus*Up to 100% on Deposit Bonus
Profit**Up to 90%
Free demo accountYes Open demo
RegulatedThe Financial Commission
RegulatorCRRF (RU 0395 AA V0132)
Account typeDemo, Standart, Gold & VIP
Deposit methodsCredit and debit cards VISA/MasterCard, Neteller, WebMoney, Perfect Money, cryptocurrency wallets, and more***
Ways to withdraw moneyCredit and debit cards VISA/MasterCard, Neteller, WebMoney, cryptocurrency wallets, and more***
Number of assets40
The expiry time60 seconds to 1 hour
Asset typeCurrency pairs, cryptocurrency (Bitcoin BTC, Litecoin LTC, Crypto IDX), commodities, OTC
Types of optionsClassic
Currency of accountUSD, EUR, INR
Mobile AppYes

*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 45 assets (for VIP acount). 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 Forex dealing centers 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 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 average withdrawal time for a standard account is 24 hours, while for a VIP account it is approximately 3 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 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, analytics of the company’s employees, watch quality webinars.

Features of the 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 24 hours, and up to 3 hours for a VIP account. 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 and MasterCard payment cards, Neteller,  WebMoneycryptocurrency services. 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 24 hours (The average withdrawal time for a standard account is 24 hours, and up to 3 hours for a VIP account) 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 V0132). This ensures that the company is under the control of a serious regulator who conducts inspections of the organizationals 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. If you want to learn more about how brokers are regulated we recommend reading this article

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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