#3 Binomo Review

#3 Binomo Review

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(12 votes, average: 3.75 out of 5)
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Company info:
Name Binomo
Website binomo.com
Foundation Year 2014
Trading conditions:
Min. Deposit 10 $
Payouts 85 %
Trading Assets Currencies (Forex)
Option Types High/Low Options, One Touch Options
Payment Methods:
Credit Card, Wire transfer, Skrill, Neteller, Yandex.Money
Other Features:
Accept US traders
Affiliate program
ProfitF BONUS:

Detailed info:

binomo review

Binomo is another innovative binary options broker with more focus on client support by providing good trading terms, analytical support and client support. Let us look intodetail some of the features Binomo Binary Options broker offers.

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Binomo Regulation

Binomo is regulated by the FMRRC (Financial Markets Relations Regulation Centre) which is an independent regulator for brokers and dealing centers. Binomo also has pending CySEC (Cyprus Securities and Exchange Commission) as well as CPO (Commodity Pool Operators) regulations.

Binomo Trading

This broker offers instant trading on its web based platform with a time limit to cancel the traded option within 3 seconds. Investments can be made in either EUR, USD, GBP or the Russian Ruble. The maximum investment on one option is 2000 EUR/USD/GBP or 150000 RUB. On the other hand, the minimum investment one can make on Binomo’s platform is 1 EUR/USD/GBP or 50 RUB.

Binomo Account Types

Binomo is one of the few Binary Options brokers that offer a free demo account. This enables users test Binomo’s trading platform as well as other features risk free before investing real money. Apart form the demo account; Binomo also offers three other types of real accounts as shown below;

Binomo Demo Account Type

Figure; Binary Options Broker Demo Account Features

Binomo Standard Account Type

 Binomo Standard Account Features

Binomo Gold Account Type

Figure; Binomo Binary Options Broker Gold Account Features

 

Binomo VIP Account Type

Figure; Binomo VIP Account Features

Some of the features that stand out are the 4 hour withdrawals on the VIP Account Type and 24 hours withdrawals on the Gold Account Type. VIP account holders also receive a weekly cashback up to 10% while the Gold account holders receive a weekly cashback of up to 5%. Option Payouts and Bonuses also increase with the account level, the VIP account having the bestconditions.

Binomo Deposits and Withdrawals

One can register for a demo account on Binomo without any obligations to make a deposit.

Deposits can be made using VISA, Neteller, Master Card, Yandex, QIWI, Webmoney and mobile commerce. The maximum deposit is 10000 EUR/USD or 200000 RUB. The minimum deposit is 10 EUR/USD or 500 RUB.

Withdrawals can be made using the following methods Neteller, Yandex, QIWI, Webmoney and mobile commerce with a minimum withdrawal of 10 EUR/USD or 500 RUB. Withdrawals can also be done to your bank card but will take 3-5 business days to process.

Binomo Trading Platform

Binomo offers a web-based trading platform which is easy to use and includes various trading tools. (read our article How to evaluate a Binary Options Platform )

) Let us look at some of the tools the Binomo trading platform offers; The Binomo trading platform has two types of charts; the line chart and the candlestick chart that can be easily switched by the click of a button as shown by the red arrow in the image below;

Binomo Types of Charts

Figure; Binomo Binary Options Broker Charting Platform

It is also easy to find assets with high payouts on the Binomo Trading platforms since the assets are arranged from the ones with the highest payouts to the lowest payouts.

Binomo Assets arranged from highest to lowest payouts

Figure; Binary Options Broker Trading Assets Arranged in Order of Payouts

The Binomo platform has 15 drawing tools that can be used to do technical analysis on the chart with an option to adjust their width, style and color as well as delete them.

Binomo Platform drawing tools

Figure; Binomo Platform Drawing Tools

 

Unfortunately, for those who like using various technical indicators, the Binomo trading platform has only 5 technical indicators. However, it has the most commonly used indicators and hence still sufficient for most traders.

Binomo Platform technical indicators

Figure; Binomo Platform Indicators

Other Features in the Binomo Trading Platform

 

Binomo Bonuses/Promotions

First Deposit; Free Option Trades

Binomo First Deposit Bonus Cover

Binomo Binary Options Broker First Deposit Bonus

 

Binomo binary options broker is currently giving out 9 free binary options trades (how to make your first binary options trade) up to $150 to all new traders via its First Deposit bonus program. This bonus depends on the deposit amount as shown below;

Binomo First Deposit Bonus Table

First Deposit Bonus Amounts

Transaction Insurance

This is an innovative bonus by Binomo binary options brokers that refunds the losses incurred by your first 3 transactions. After one deposits funds, the losses from the first 3 trades are compensated up to the amount of the initial balance.

Binomo Transaction Insurance bonus cover

Binomo Transaction Insurance Promotion

Smart Trader Promotion

 Existing clients at Binomo can also get free trades upto $32 by making a deposit. The amount of bonus also depends on the deposit amount as shown below;

Binomo smart trader bonus table

Binary Options Broker Smart Trader Promotion

Binomo Education

Binomo has a strategies section, however, there are only four strategies available namely;

Binomo also features daily technical analysis, market news, a knowledgebase and an investment ideas section.

Awards

Binomo Awards

Binomo Binary Options Broker Awards

Binomo Pros and Cons

Pros

Cons

 Conclusion

Binary Options traders can now test their strategies and experience a good trading platform without having to put in money first using Binomo’s demo trading account. Binomo’s support team as well as a detailed knowledge base will also help new traders get up to speed with binary options investing in a short period of time.

 


Now, everything seems OK with Binomo broker….“ProfitF team” will keep monitoring this broker and update this review if any changes take place.

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