Binomo broker was established by the managing company Stagord Resources Ltd registered in Nicosia, Cyprus (60 Vasileos Pavlou, Agios Dometios, CY 2360). The EU registration is an additional factor that enhances customers’ trust and confidence. In the feedback received so far Binomo is often named as one of the safest brokers on the market with outstanding trading services and analytics. Trading is conducted on Binomo’s own trading terminal equipped with a full set of technical tools for efficient trading. Majority of traders consider the simple and fast (max 24 hours) withdrawal of the trading as one of the Binomo platform major advantages.
1. General information
2. Advantages and disadvantages
Unique trading platform: technologically advanced platform for pro-level trading.
Most reasonable trading conditions: while the majority of Binomo competitors ask for an initial deposit of $200 – $250, Binomo allows its traders to begin trading with only $10 — an investment any trader can afford.
Demo account: both Demo and Real accounts are registered on the same trading terminal, which makes the gaining of trading experience a lot simpler and more efficient. Demo account is very instrumental in helping professional traders develop trading strategies and test their efficiency in the real market environment.
Fast payouts: broad choice of payment services, the fastest possible withdrawal and depositing.
Free educational materials: collection of top quality analytical and training materials.
Lack of high-yield options like Range or One-Touch: however, it should be noted that these types of binary contracts are rather risky and not a popular choice for daily trading.
3. Trading conditions
Despite the rather moderate requirements ($10 deposit, contracts from $1), Binomo trading conditions allow applying money management rules to ensure efficient trading. Traders apply the classic rules of risk and operational funds management even when trading with a minimum deposit. The minimum amount of trading contracts to register is 10. Equipped with advanced technical tools, the terminal allows anyone to make a productive start in the binary options trading.
One of the major reasons why the broker is so successful in attracting both professionals and beginners is that it has always placed a priority on developing the technical trading tools. Feedback from Binomo customers proves that affordable trading conditions coupled with an advanced trading terminal can create amazing possibilities for profitable trading with minimum investment.
Along with the budget-friendly trading conditions, Binomo broker has created a special program for Gold and VIP accounts (with deposits starting at $500 and $1000 respectively): 5% and 10% refund of trading losses (cashback).
On top of that, the company has regular contests and tournaments and makes special offers to the holders of Real and Demo accounts, so that they can increase their operating funds using their professional knowledge and the broker’s money.
4. Underlying assets
Binomo broker is constantly updating and expanding the list of basic assets. Currently there are more than 80 different types of assets available for trading on the platform: currency pairs (the world’s major currencies), stocks (shares of the world's major corporations and companies), metals (Gold, Silver), commodities (Brent crude oil).
5. Trading platform
In 2015, the company became the first broker to launch its own terminal of the highest caliber which shook the market and allowed Binomo to expand its customer base. The trading terminal remains under constant development — regular updating of operational tools makes approaches to trading more effective. In their reviews, customers emphasize the following benefits of the Binomo trading terminal:
Stable and accurate operation with no hangs or glitches. Wide array of technical tools, including integrated sets of indicators and graphical tools for market analysis. User-friendly and intuitive interface. Widescreen quotations graph with an optimal set of options and operating parameters.
6. Types of Accounts
Binomo platform for binary trading offers five types of trading accounts (each has its own additional advantages along with the basic tradings services):
Demo account is created on the main trading platform and requires no initial investment. A perfect trading simulator that allows you to examine various trading processes using virtual means, and a very effective way of testing strategies.You get a full access to broker’s basic services.
Standard account deposit starts at 10 USD. This minimum amount gives access to the real options market and all the services provided by the broker. This type of account offers contracts with an 85% return, you get analytical support and can also participate in special offers and tournaments.
Gold account starts at 500 USD. The trader gets access to an expanded list for trading assets, contracts with returns of up to 86%, insurance of trading positions (bonus funds), personal manager and 5% refund of losses.
VIP account starts at 1000 USD. This type of account offers a complete list of services and opportunities available on the Binomo broker platform: up to 10% refund of losses, communication with the personal manager via Skype, withdrawal of funds within 4 hours, options with a 90% return and the widest choice of basic assets.
7. Deposits and withdrawals
Binomo broker has a traditional registration procedure: all you need is to fill out the online form, choose the type of account and its currency. Registration of any account (trading or training) will only take about 3 minutes.
As for withdrawal, traders have the widest choice of payment services (MasterCard or VISA, UnionPay, WebMoney, Neteller, QIWI, etc.), and the company insures all transactions go smoothly and efficiently. The client agreement provides that withdrawal from a trading account should take less than a day. However, Binomo broker is always making advances to make the process as fast as possible, regardless of the type of the account or the amount — usually withdrawals take 4-6 hours, depending on the payment system.
8. Trader training
The training program is supported by the most professional and up-to-date content. It’s a wholesome system for beginners, built on innovative means of providing information, time-tested theories and practical approaches. Binomo key training tools and educational materials include: interactive guides, video lessons, knowledge base, webinars, demo account, collection of strategies. Regular analytical support in the form investment ideas and tips allow the trader to constantly improve his professionalism in trading on the binary market.
9. Trading strategies
A broad collection of technical tools, professionally structured services of the Binomo broker platform, as well as a wide range of analytical materials, allow you to apply all types and forms of analysis in trading. Binomo trading terminal is one the most versatile and technically advanced tools available today in terms of analysis and application of strategies. It is worth noting that the broker offers a collection of trading strategies on its website — the most comprehensible and effective approaches to daily trading on the binary market.
10. Should I trade with Binomo?
Given the variety of technical options and trading services, very affordable minimum trading conditions, complete safety and reliability of Binomo assured by the state regulator, any private trader will find this platform highly efficient. This broker is, without doubt, one of the top options market players in terms of quality of financial services.