Review of the Binomo trading platform
Binomo is a leader in the modern market of online trading platforms. The platform began operating in 2014, and since 2016 it has been at the top of international rankings. The company offers the optimal conditions for cooperation from the point of view of beginning traders. This is the main reason for the high popularity of the platform in several countries around the world.
Binomo broker is recommended to all novice users. But before signing up on the platform’s site, you should familiarize yourself with the terms of cooperation. We will conduct a detailed review of the trading conditions offered by companies.
Brief Binomo review
Company. Registered in the Cyprus offshore zone in 2014. Binomo’s activities are monitored by The Financial Commission (FinaCom LTD), which assigned the highest level of status to the company – category “A”.
Account. Crediting and payments starting at 10 dollars. 4 account levels, depending on the total amount of funds put into the system. Support for more than 10 payment systems.
Trading. 2 types of contracts – CFD and classic (for increases or decreases). Classic trades: expiration – from 1 to 60 minutes, profitability – up to 89%. CFD: expiration – manual, no limits, profitability – no limits.
Training. Video tutorials, ready-made strategies with step-by-step trading instructions, glossary of terms. Individual training is available for VIP clients. All users have access to a demo account with unlimited re-funding of the initial balance.
Support. Email, Skype, as well as online chat, available around the clock and in several languages.
Financial issues and account types
Bank cards, e-wallets, cryptocurrencies – Binomo supports not only international payment systems, but also domestic ones operating within a specific country. The company is international; therefore, depending on their country of residence, each user has a choice of a number of systems. The recommended and most reliable way is VISA/MasterCard. In this case, the individual’s card is linked to their account.
There are a total of 4 levels: demo account, standard, GOLD, and VIP. The extra features for holders of premium status can be seen in the illustration above. Open binomo account.
The main Binomo platform is the web terminal for computers. But trading is also available on mobile devices. The only limitation of mobile trading is reduced functionality of technical analysis tools. The rest of the features are identical. You can trade on Binomo from smartphones and tablets – anywhere and anytime.
Features of the Binomo web terminal:
— technical analysis – 14 indicators and more than 20 chart tools;
— fundamental analysis – the economic calendar with financial news and forecasts;
— trading – “higher/lower” transactions, 1-click trading, keyboard control;
— interface – multimode, tabs with asset charts, minimalism and functionality;
— chart – the ability to scale, settings for the appearance of indicators.
The Binomo web terminal is easy to learn how to use due to its simple interface, but at the same time, it is quite functional. The platform is updated regularly: new functions are always being added, the range of indicators is ever expanding, and new useful services are frequently added.
Beginner traders are always in a state of confusion when faced with real trading on financial markets. Therefore, at the initial stage, the most important thing is to have competent trading training. Binomo pays due attention to this issue.
You can get acquainted with the theoretical basics of trading in the information section, where video tutorials and a glossary of professional terms are located. Ready-made strategies will help you achieve success in practice. Step-by-step trading instructions are available right on the trading terminal. All the strategies are guaranteed to be effective and will enable you to make a profit (subject to strict compliance with the rules), even for beginners who do not yet have trading experience.
Promotions, bonuses, and tournaments
Binomo is so popular not only due to its favorable trading conditions. The company creates and maintains a sense of “team spirit” among its traders. For this purpose, various promotions and tournaments are held. Also, when funding your account, bonuses in the amount of up to 80% or even 100% of the amount deposited are credited.
Trader tournaments are an opportunity to prove a high level of professionalism in trading while receiving a pleasant bonus in the form of a prize for winning. Binomo is the only company in the world that puts such a focus on contests. Events of various levels are held regularly: from free tournaments with prize funds of $300-600, to large-scale competitions with prize funds of up to $100,000. Get binomo bonus
Binomo meets all the modern international requirements for trading platforms and financial companies. The platform can be considered ideal, as it satisfies the needs of the vast majority of traders. The only negative is the upper limit on contract expiration of 60 minutes. Therefore, until this limitation is removed, the platform is unlikely to be suitable for traders who are used to trading hour- or day-long contracts. However, such traders are a minority. On the contrary, most prefer to trade minute-long transactions. And for these purposes, Binomo is ideal.