Binomo Review 2021

Content on this page is intended for information and educational purposes only and should not be considered as an investment advice or investment recommendation.
Binomo-Interface
Binomo-Interface
October 21, 2021
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Updated: 25 / 10 / 21
10 min read
BINOMO BROKER REVIEW
Content on this page is intended for information and educational purposes only and should not be considered as an investment advice or investment recommendation.
Risk disclaimer (more information)
Investing in financial markets is the core of online trading, which has been a popular method to earn money in recent years. The job is carried out on specialized platforms that are supplied by commercial businesses. Different alternatives are available on the market - there are dozens or even hundreds of them to choose from. Throughout this essay, we will provide an in-depth examination of the broker Binomo. This business is ranked as one of the top three finest online trading platforms in the world.

About Binomo

Binomo logo
Binomo logo
Five Key Takeaways:
1
Company
Binomo is a company that has been in operation since 2014. CRTFM certifies it once a year in accordance with industry standards. The International Financial Commission has rated it as the most trustworthy country in the world. Not only is it very popular in the CIS nations, but it is also quite popular all over the globe. The site has been translated into more than 15 different languages including hindi thus far.
2
Trading
Support for contracts "Above/Lower" with expiry times ranging from 1-60 minutes and profits of up to 89 percent, as well as CFDs with an infinite profit potential and duration of validity. Contracts are available for as little as $1. Web-based apps and a functional web terminal for smartphones are available. Instruments for analyzing the technical and fundamental aspects of the market.
3
Finances
The minimum deposit and withdrawal amount is ten dollars ($ ten). Support for the most widely used worldwide payment methods as well as local services. Payments made quickly and in accordance with established standards are made in a timely manner.
4
Support services and training are provided
The users' help center is open 24 hours a day, seven days a week. Online-chat, Skype-chat, a hotline, e-mail, and internal tickets are all possibilities. Users who have upgraded to a premium account will have their requests processed at a higher priority.
5
Extras
Tournaments are held on a regular basis, both free and paid. Bonuses for refills of up to 100 percent. Promotions and special deals for users are made on a regular basis.

Pros and Cons

Pros and Cons Binomo
Pros and Cons Binomo
Binomo Pros
  • Simplicity - trading on the platform is as easy as it can be from a technological standpoint
  • Accessibility - with a minimum investment of $10, everyone has a shot
  • Profitability - up to 89% profit in 1 minute
  • Functionality – the terminal supports hundreds of different tactics
  • Customer services - round-the-clock discussions with merchants on any issue
  • Uninterrupted payments - this question is answered "like clockwork" at Binomo
  • Training consists of sample accounts, video lectures, techniques, and a personalized approach
  • Official certification, a high degree of worldwide credibility
Binomo Cons
  • Transactions have a maximum expiration time of 60 minutes
  • There is a limited variety of assets available, with just basic derivatives

Fees and commissions

There are no commissions or fees charged by the majority of trading platforms. Instead, they get additional compensation when a trader makes an inaccurate prediction, resulting in the loss of a transaction. Binomo does not charge for its services, which is in accordance with industry norms. As a result of the fact that Binomo makes money from traders who lose money when they invest their cash, it may be a very lucrative investment for traders who invest significant sums of money.

Binomos' treatment of its high-end customers speaks volumes about the company's financial performance. Higher rewards are possible with a maximum return of 90 percent and a maximum bonus of 100 percent, respectively. In contrast, the opportunity to invest and learn at a lower entry point ensures that their regular traders will not have any failures in their spread or commission investments as a result of their lower entrance point. Binomo, like the majority of other brokers, does not rely on leverage. When it comes to leverage, another platform or broker might be a better match for your needs and requirements.

Binomo Account types and Account opening

Binomo offers customers the option of choosing one of the following live accounts from a list of available options:

Gold VIP status as a standard

Each account type is explained in more depth further down on this page.
Binomo account types comparison table
Binomo account types comparison table
According to the company's slogan, "maximum simplicity while retaining functionality," When comparing the site to its rivals, it will stand out for its simplicity, speed of operation, and minimalistic interface. This applies to all parts of the process, beginning with the very first step.
binomo.com mainpage
binomo.com mainpage
Visitors to the company's official website are already considered to be half of a client. One step remains: you must provide your email address and password, following which a $1,000 demo account will be created for you immediately after clicking the registration button.

Binomo Demo account

Binomo Demo account

When considering an online broker, it is a good idea to experiment with the company's demo account first before committing to a real-money trading account. Demo accounts will enable you to assess the platform and determine whether or not it has all of the tools and features that you are looking for in an online trading broker.

Demo accounts provide you with the chance to try something out before you purchase. You may get acquainted with the platform's transaction procedures and user interface layout by practicing on it. A reputable broker would provide customers with the chance to try out their trading platform for free, and Binomo offers just that.

Trading using a demo account at Binomo provides traders with the chance to practice methods and get more acquainted with the platform. All you have to do to set up a demo account is provide your email address, and you will be credited with $1,000 in virtual money.

Binomo Demo account
When considering an online broker, it is a good idea to experiment with the company's demo account first before committing to a real-money trading account. Demo accounts will enable you to assess the platform and determine whether or not it has all of the tools and features that you are looking for in an online trading broker.

Demo accounts provide you with the chance to try something out before you purchase. You may get acquainted with the platform's transaction procedures and user interface layout by practicing on it. A reputable broker would provide customers with the chance to try out their trading platform for free, and Binomo offers just that.

Trading using a demo account at Binomo provides traders with the chance to practice methods and get more acquainted with the platform. All you have to do to set up a demo account is provide your email address, and you will be credited with $1,000 in virtual money.
Using these risk-free money, you will be able to determine if Binomo fits your requirements as a trader. Otherwise, declining is less difficult than closing bank accounts in which you have already made an investment.
Demo Account Binomo.com trading review

Deposit and withdrawal options

The minimum deposit amount is ten dollars or ten euros. According to the network address of the computer, the payment methods that are available to traders is determined by the nation in which they live.
Payment methods available in India
Payment methods available in India
The amount of the bonus, as well as the deposit level, are determined by the amount of the deposit. There are four of them: a demo account, a regular account, a GOLD account, and a VIP account. The most significant benefit of premium status is the personalized service, which includes personal training with a tutor, the ability to buy customized trading methods, as well as a variety of unique and exclusive offers and promotions.
Deposit and Withdrawal

Binomo Web trading platform

Image from binomo.com web trading platform
Image from binomo.com web trading platform
Binomo provides a fully-featured platform that enables users to not only conduct trades, but also technical and fundamental research of the market, all from the comfort of their own home. Binomo is based in New York City.

The following are the characteristics of the web terminal:

  • Trading "Above/Lower" contracts with an expiry time ranging from 1-60 minutes;
  • Trading "Above/Lower" contracts with an expiration time ranging from 1-60 minutes;
  • The use of indicator and graphical analysis (14 indicators and 20 instruments);
  • 50 trading assets from a variety of categories, including currencies, equities, commodities, and so on;
  • Using the economic calendar, trade based on the news;
  • Chart includes four modes and six timeframes, as well as the option of scrolling and resizing the chart;
  • Investing in a multi-threaded environment (there are independent tabs with assets).

    Binomo Mobile trading platform

    Binomo Mobile trading platform
    One thing to look for is whether or not the business has a mobile application available. Mobile applications enable you to trade from any location at any time, which increases your chances of earning greater rewards.

    Binomo also offers a trading platform that is accessible through mobile devices. The iOS software can be found in the App Store, while the Android app can be found in the Google Play Store.

    One feature accessible in the app that is not available via the online platform is the manner in which alerts are sent. Using notifications to optimize your earnings may help you maximize your profits by alerting you to market conditions and notifying you when you fulfill specific trading requirements.
    Binomo Mobile trading platform
    One thing to look for is whether or not the business has a mobile application available. Mobile applications enable you to trade from any location at any time, which increases your chances of earning greater rewards.

    Binomo also offers a trading platform that is accessible through mobile devices. The iOS software can be found in the App Store, while the Android app can be found in the Google Play Store.

    One feature accessible in the app that is not available via the online platform is the manner in which alerts are sent. Using notifications to optimize your earnings may help you maximize your profits by alerting you to market conditions and notifying you when you fulfill specific trading requirements.
    Binomo Mobile trading platform

    Markets and products

    When it comes to assets, Binomo has a selection that is similar to that of its competitors. If you are at the highest level of trading, you will have access to 49 different types of assets that are spread over a variety of asset categories. With a wide range of assets to choose from, you can figure out precisely what you are most comfortable with in terms of trading. Binomo has a diverse collection of assets, which include the following:
      CFD
      Currency pairs
      Indices
      Commodities
      CFD
      Currency pairs
      Indices
      Commodities

      Research tools

      The research options available on Binomo are restricted, and the site does not include Economic Calendars or Indicators.

      We discovered a variety of sketching tools integrated into the site, as well as descriptions of Trading Indicators and Strategies. On the other hand, there is no independent third party and no top-quality research materials.

      Binomo Research tools are accessible in the following locations:

      • Binomo is a trading platform that was developed by Binomo.
      • Binomo Trading Section is accessible via a website or a platform.

      Binomo Customer care

      Binomo Customer care
      Binomo Customer care
      There are many methods to get in touch with Binomo.

      Chat: They offer a live talk window on their website and app that allows traders to select whether or not to chat live. The live chat function is dependable and may be used in a variety of languages.

      Contact information through email: It's possible that your issue may not need urgent attention. Alternatively, you may contact support@binomo.com, who will reply as soon as they are able to do so.
      Contacts of Binomo

      Education material

      It is not essential to search the Internet for Binomo trading information in order to understand the basics of the trade. All resources are provided free of charge by the broker. Beginners should progress from basic to advanced training by following the stages indicated. Even non-registered users may view video courses, learn new terminology, and get answers to commonly asked questions on the broker's official website's "Training" area.

      Binomo can provide novice traders with all of the tools they will need to enhance their trading abilities.

      They include: a sample account, video lessons, and so forth.
      Customer service is accessible 24 hours a day, seven days a week for webinars.
      Binomo_Education material
      Binomo_Education material
      Don't think that training is just for beginners. According to seasoned traders, the opportunity to refresh their knowledge inside the platform streamlines the Binomo trading procedure significantly.
      Unregistered users will see the Bimono website's video tutorials, which are totally free. Before opening an account, a novice trader should familiarize themselves with the site's possibilities. As a consequence, customers are unable to utilize the new Binomo online trading platform to put their newly learned abilities to the test.
      Professional jargon is often used in video courses and while dealing with customer care, which may be perplexing to newcomers. As a result, Binomo broker reviewed and compiled a complete dictionary of terms, which is now publicly accessible.
      The "Strategies" page not only lets you familiarize yourself with their names, but it also explains in layman's terms what actions would help traders of different levels of expertise make a profit. As a consequence, Binomo advises beginners to use a flat or trend strategy, as well as trading on the evening news.
      The application smoothly integrates answers to questions, advice, and Binomo online trading. Binomo, on the other hand, has gone a step further and started holding webinars for traders. While watching a live broadcast, you may learn a lot of valuable information and develop your own Binomo trading technique.
      Unregistered users will see the Bimono website's video tutorials, which are totally free. Before opening an account, a novice trader should familiarize themselves with the site's possibilities. As a consequence, customers are unable to utilize the new Binomo online trading platform to put their newly learned abilities to the test.
      Professional jargon is often used in video courses and while dealing with customer care, which may be perplexing to newcomers. As a result, Binomo broker reviewed and compiled a complete dictionary of terms, which is now publicly accessible.
      The "Strategies" page not only lets you familiarize yourself with their names, but it also explains in layman's terms what actions would help traders of different levels of expertise make a profit. As a consequence, Binomo advises beginners to use a flat or trend strategy, as well as trading on the evening news.
      The application smoothly integrates answers to questions, advice, and Binomo online trading. Binomo, on the other hand, has gone a step further and started holding webinars for traders. While watching a live broadcast, you may learn a lot of valuable information and develop your own Binomo trading technique.
      BinomoTrader's Guide

      Is Binomo Safe?

      Is Binomo Safe?

      As an online trading platform that operates in various countries, Binomo's security and safety are of utmost importance to the company. Through the development of their own secure platform that includes complete encryption, the website has created a high degree of consumer protection for them.

      This, coupled with secure and authorized payment methods for withdrawals and deposits, further enhances the security of traders on the exchange platform.
      Is Binomo Safe?
      As an online trading platform that operates in various countries, Binomo's security and safety are of utmost importance to the company. Through the development of their own secure platform that includes complete encryption, the website has created a high degree of consumer protection for them.

      This, coupled with secure and authorized payment methods for withdrawals and deposits, further enhances the security of traders on the exchange platform.
      In accordance with Binomo's policy, every client who deposits money up to the value of $20,000 is protected against fraud while using their platform, and they utilize the most recent SSL encryption to further enhance their security.

      Accepted Countries

      Neither the Company nor any of its affiliates provide their services in the following territories or to citizens and/or residents of the following countries:

      North Korea, Kingdom of Thailand, Canada, USA, Australia, Malaysia, Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hungary, Ireland, Italy, Germany, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Norway, Iceland, Liechtenstein, Sweden, United Kingdom, Andorra, Vatican, Monaco, San Marino, Cyprus, Switzerland, Israel, Syria, Singapore, Hong Kong, New Zealand, Iran, Saint Vincent and the Grenadines, Japan and the Russian Federation, Belaruswhere it is contradictory to current law in those or other countries and/or the Company's corporate policies.

      Binomo broker review methodology

      By making the process more clear, we want to be of assistance to you in your search for the finest online brokers as a consequence of our efforts. Authentic facts and unbiased information are used to support each and every item listed on Top-trading-app. We are happy to show how the foundation of your Top-trading-app experience is built out as a consequence of our more than a decade of financial knowledge, along with reader feedback. Every time we analyze a broker service, we revise our methodology and fine-tune all of our criteria to ensure that we are able to conduct a thorough evaluation.

      Overall verdict

      Binomo_conclusion
      Binomo_conclusion
      Binomo is one of the three market leaders in the provision of online trading platforms for fixed-term contracts (also known as "Above/Lower" contracts). The functionality of the terminals used by the market leaders is almost identical to one another. The availability of tournaments distinguishes Binomo from its rivals and gives it a distinct competitive edge. It should also be mentioned that a significant amount of attention is placed on training and the customization of the platform for new traders. This is reflected in subtle subtleties throughout the text. For example, after registration, the user is initially provided with suggestions to assist them in becoming familiar with the terminal's operation.

      Binomo is not only ideal for novices, but it is also suitable for experienced traders who want to make money by participating in trading tournaments.

      Alternatives to Binomo

      If you are searching for brokers that are similar to Binomo, we have prepared a list of the best 5 brokers that are similar to Binomo below for your convenience. It is important to note that this list of brokers similar to Binomo is organized in descending order of similarity and only contains businesses that accept traders from your geographic region.
      binomo-logo
      Olymp Trade:
      Olymp Trade - Proposition Fixed-time transactions are available across a wide variety of marketplaces. The company, which was founded in 2014, currently has over 25k active traders on a daily basis.
      FXTM-logo
      Expert Option:
      Expert Option -is a digital trading platform that allows you forex trading, cryptocurrencies, commodities, indices, and stocks online. This high-risk, high-reward trading strategy is only accessible in a few geographic locations.
      exness-loho
      FxPro:
      Awarded many times, FxPro is one of the reputable forex brokers. Specialising in forex markets, but also allows providing stock markets, CFDs, and spread betting over a wide variety of markets, as well as narrow spreads on CFDs and spread betting.

      Frequently Asked Questions

      Is it safe to invest in Binomo?
      It is a genuine online trading platform, and thousands of traders from 133 different countries across the globe utilize it on a daily basis to do their business. This broker is a member of the IFC (International Financial Commission) in the category "A" category, which provides up to $20,000 in dispute protection in the event of a disagreement.
      Is Binomo legal in India?
      Yes, Binomo is permitted to do business in India. The Securities and Exchange Board of India, on the other hand, does not regulate this particular broker.
      How to register / open an account on Binomo?
      • Go to the Binomo App or the Binomo website on your mobile device or computer.
      • Select "Sign In" from the drop-down menu.
      • By clicking on "Sign Up," you will be taken to a registration page.
      • Please enter your email address and password.
      • Choose a currency account to work with.
      • Terms and conditions must be accepted.
      • To create an account, click on the yellow "Create account" button.
      • To create an account via a social networking site, choose "Facebook" or "Gmail."
      How do I deposit money on Binomo?
      You can choose one of the various methods described in the Deposit and Withdrawal section.
      Can I withdraw money from Binomo to PayTM?
      Yes, in order to do this, the following steps must be taken.

      In the mobile app, you may do the following:
      1. Open the "Balance" section of the left-side menu and choose the "Withdraw" option from the drop-down menu.
      2. Enter the payment amount and choose "PayTM" as your withdrawal method, followed by your phone number.
      3. Please keep in mind that you may only withdraw money to the wallets into which you have previously deposited cash.
      Can I withdraw money from Binomo without verification?
      There is no restriction on the amount of money you may deposit, trade, or withdraw until verification has been required. Withdrawals will be limited after you have received a pop-up notice requesting that you verify your account. Trading, on the other hand, will remain unaffected.
      What Alternatives to Binomo in India?
      This review also covers this query in the corresponding section, please refer to it.
      Is the IQ option better than Binomo?
      Both platforms are suitable for those who are new to the world of options trading. IQ Option, on the other hand, offers a distinct benefit. Binomo's activities are cloaked in mystery, and its business strategy does not appeal to traders who want to earn money and grab gains as quickly as possible without having to go through any hoops.
      What are the main advantages of Binomo in India?
      Binomo India offers its traders a trading incentive, which is a really unique service in the industry. Binomo India offers you with a variety of extra options. The Welcome Bonus is an example of this. The Welcome bonus is provided just for enrolling and putting funds into your account; you may get up to 100% of your deposit back as a bonus.
      How do you successfully trade on Binomo?
      First of all you should learn how to trade with a demo account. Examine all the education materials on binomo.com and follow your own strict rules - amount of money you are ready to invest and to lose, and stick on market research.

      GENERAL RISK WARNING:

      CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
      87% of retail investor accounts lose money when trading CFDs with this provider.
      You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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