Binomo is a popular platform for those interested in trading. Unlike many larger-scale trading platforms, Binomo has the same level of focus on low trade size requirements – ideal for managing risk – as well as VIP accounts for serious traders who are well-used to short term trading. With returns of up to 90% payout in the case of a correct forecast, and low cost entry requirements, the time to start is now!
Filled with excellent features, and plenty to talk about, there’s a reason why this service is a popular choice for traders of all shapes and sizes.
This review will examine all there is to know about Binomo, providing insight for you to decide if it’s the right fit for your trading journey.
As a service that focuses on short term trades, Binomo have been able to provide a streamlined, efficient and practical trading platform designed specifically for purpose.
While, on release, the company utilised a popular third party trading platform, they have since moved away from package solutions into a completely proprietary design that’s the perfect fit for online trading worldwide.
Designed to be modern and functional, Binomo’s trading platform is regularly updated with high-quality features and enhancements.
Some of the smartest features included as part of the Binomo platform consists of a range of 20 different graphical tools to aid in chart analysis.
Other handy features, such as an Economic Calendar integration and fast refresh rates, make Binomo even more useable than alternatives on the market. Efficiency is also clearly relevant to the brand, with plenty of scalabilities plus the delivery of fast, high quality trade execution.
In addition, the quality and consistency of Binomo’s design makes it easy for the service to be feature-rich, and offer plenty of advanced tools and technologies to its audience. For those that enjoy slick, mobile-ready platforms, Binomo might be an ideal choice.
Binomo boasts more than 40 different assets for standard traders to utilise, in addition to spanning across several markets to provide their customers with a flexible and versatile range of different trades to pick from.
In comparison to more specialised trading platforms, this greater range can be advantageous to traders looking to dabble in different markets or try out different assets.
While Binomo only offers High/Low trading contracts, this is more than made up for with the range of assets on offer.
The following are some of the current markets available to those looking to trade on Binomo:
- Stocks from popular companies.
- Currency pairs e.g. AUD/USD and GBP/USD
By offering a broad choice of different assets to traders, Binomo ensures its services are suitable for a more comprehensive range of traders, especially when it comes to highly-valued stocks and currency pairs – which many other trading platforms don’t offer.
Binomo offers a high-quality, fully realised mobile app in addition to providing a mobile-reactive platform for the desktop version of their service. Their trading app is available on both iOS and Android.
It utilises push notifications to keep traders up to date on transactions and promotions within seconds of them being launched. The use of notifications and the overall quality of the app makes Binomo a suitable choice for those that prefer to trade on the go.
All the essentials are covered in the app, and while the desktop platform may still be needed for more in-depth analysis and those little details, there’s value to being able to carry your trades in your pocket with you wherever you go.
The Binomo app is themed to match its desktop design perfectly, providing a cohesive experience for those who prefer to switch between the two at leisure.
Funding accounts is one area that Binomo has made incredibly easy, in part thanks to catering to an international customer base – which means far more payment methods than the average country-specific service.
Top choices for funding your account include using a VISA or MasterCard bank card, while additional international payment systems are also supported.
The minimum deposit is $10.
Binomo offers a cohesive and fully accessible demo account to interested parties, which is available simply by entering an email address.
This account is well-stocked with a virtual $1000 upon sign up and can be topped up at any time for those looking to get adventurous with their planning and grasp of the platform.
All functionalities are available within the demo account, ensuring you can get an exceptional understanding of the Binomo proprietary platform without even stepping foot into the live markets.
Deals and Promotions
Binomo regularly offers excellent deals and promotions to their customers, whether it’s in the form of topping up their account with additional funds upon deposit or providing a great sign-up promotion.
These deals vary from day to day, so keep an eye on what’s out there to get the best value for your money. For beginners to trading, depositing $500 can give you access to additional support and one-on-one training to help fast track your learning through a personal manager.
Regulation and Licensing
Binomo is currently a Category A member of the International Financial Commission.
As a trading platform that focuses on quality and user experience, Binomo has a whole host of additional features that make them ideal for traders. This includes the use of numerous graph and analytical tools, in addition to quality-of-life features such as an inbuilt Economic Calendar, which can be customised as you wish.
Every addition Binomo places into its proprietary browser platform is of the highest possible quality, and new features continue to be added in free updates to this day.
In line with other trading services in the industry, Binomo provides three individual tiers of accounts to their customers, based on their funding level within their account.
No additional payment or sign-up is required to achieve these account statuses. It’s also worth saying that deposit limits are based on funding over time, rather than single deposits – making it far easier than you’d expect to reach VIP account level if you so wish.
The three account types offered by Binomo are as follows:
- Standard: $10 minimum fund, provides access to all features plus tournaments
- Gold: $500 minimum fund for the entire period, faster withdrawals, trading strategies and access to a personal manager
- VIP: $1000 minimum fund for the entire period, maximum privileges and a fully personalised services
While each account has its benefits, Binomo doesn’t push for traders to go beyond what they’re comfortable with.
As such, users can access just about any advantage the site has to offer from a standard account, with additional benefits for those that reach the tiers above.
For traders, beginner or expert, considering Binomo as a future trading platform, here are some of the good things we can say about the service:
- Low starting requirements, ideal for those new to tradings
- A fully kitted-out demo account that has all the tools for learning
- A practical and convenient account tiering system
- High-end functionality through a well-designed trading platform
- Fast, easy and reliable withdrawals
- Focus on growing markets in Brazil, India and Indonesia
Despite there being many positive things to say about Binomo as a service, there are also several drawbacks attached to this platform. These include:
- Limited assets or markets.
- No recognised regulator
- No desktop software, only app and browser availability
- Insights, signals or social trading is not available
Founding in 2014, Binomo is now owned and operated by Dolphin Corp, who are registered in St. Vincent and the Grenadines.
Binomo self-describes as a ‘client-oriented’ service, helping their ongoing success in the industry as a whole.
5 Powerful Tips
These tips apply not just at Binomo, but most trading platforms. Level up your trading by making these 5 changes:
- Trade Size – Give yourself freedom to make good decisions by only trading between 2% and 5% of your balance on a single trade.
- Specialise – Get to know just a few markets well. Once you know an asset well, good trades will come to you.
- Trade Only With Money You Can Lose – Similar to trade size, you cannot make wise decisions if you need your trading funds to pay day-to-day bills
- Use The Demo Account – Use the demo account alongside your live account in order to practise, improve and test strategies.
- Be Disciplined – Don’t chase losses or pick trades randomly. Keep a record of your trades.
As with many modern trading platforms, Binomo is available around the clock for the use of their customers. Note that assets can only be traded when the relevant market is open.
Contact Details / Customer Support
Binomo offers customer support through a range of different mediums, one of which is live support through their online platform.
An alternative is contacting the company through social media or via their support email: firstname.lastname@example.org.
In addition to their email, Binomo also provides their full address on their website, which is as follows:
First Floor, First St. Vincent Bank Ltd
St. Vincent and the Grenadines
Registration number: 25151 IBC 2018
Safety and Security
Binomo takes the security of its customers seriously and achieves this goal by using a proprietary platform specifically-designed to be encrypted and secure for all customers. They also utilise well-known, safe payment methods for both deposit and withdrawal, ensuring your cash is always kept safe.
According to Binomo, all customer funds up to $20,000 are protected against fraud, while the use of SSL ensures all data is encrypted and safe. This transparency and high level of security are one of the reasons why the trading platform continues to succeed against its competitors.
Binomo is a trading platform that takes its customer support and service seriously. Instead of charging hefty amounts for their services, and being inaccessible to newer and less experienced traders, the brand has chosen to welcome their client base with open arms.
For those starting out in trading, or old hands that want the high level of service that comes from a VIP account, then Binomo is an excellent fit. While it may be slightly limited, this only serves to make what they do offer even better-designed and highly effective.
- Operations with OTC financial instruments are associated with significant risks.
- Before trading on the platform, the Client needs to analyze their financial capabilities