Binomo review

Index

Binomo review and test – Is it a scam or not?

When you search for an investment platform you will often find Binomo on the top rankings. But how good is this software? Is it a scam or a reliable partner for investing? – As traders with more than 8 years of experience we tested the online trading platform Binomo in detail. Learn more about the offers and conditions for trading limited-time trades. Should you invest your money there? – Find out in our trusted broker review.

➔ Open your free trading account with Binomo now

(Risk warning: Your capital can be at risk)

What is Binomo? – The broker presented

Binomo is an international trading platform for trading different types of assets. The website is managed by the Dolphin Corp with the address First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent, and the Grenadines. The company provides professional software for investing in different markets. You can invest in rising or falling prices and earn additional income.

This broker is active in more than 133 countries and is very popular because you can start trading with a small amount of money. Since 2015 the company earned different prizes and awards. Moreover, Binomo builds a very good relationship between the company and traders. From our first experience, it is a legit company to invest with.

Facts about the company:

Legal company in St. Vincent and the Grenadines
Active in more than 133 countries
Secure online trading platform
Awarded broker
Professional support for clients

➔ Open your free trading account with Binomo now

(Risk warning: Your capital can be at risk)

Is Binomo regulated? – Safety for customers

Is Binomo a regulated broker? Before signing up with any trading platform you should check if it is regulated. It is important for the broker and customer to use regulatory authority to avoid a scam. As mentioned before, Binomo is a legal company registered in St.Vincent and the Grenadines.

In addition, the broker is regulated by the International Financial Commission with the highest category “A”. This implies a compensation fund of €20.000 per complaint. The IFC is an international regulation that is checking the online broker Binomo and offering a trusted certificate. If Binomo would cheat on clients they would lose this certificate very fast. From our experience, fraud can be excluded from this platform.

Furthermore, Binomo uses only regulated payment methods for deposits and withdrawals. The funds of clients are managed in a separate bank account. Often you will hear that people say Binomo is a scam. You should know that high-risk financial products are offered. Some people are trying to blame the broker when they lose money because they do not understand how to trade successfully. As professional traders, we can say that Binomo is a safe and trusted platform.

Regulation and safety:

Binomo is regulated by the Financial Commission
Category “A” regulation
€20.000 compensation fund
Regulated payment methods
Segregated customer funds

➔ Open your free trading account with Binomo now

(Risk warning: Your capital can be at risk)

What can Binomo offer for the clients? – Trading conditions

Binomo offers to trade and invests in more than 60 different markets. You can invest in rising and falling markets with a minimum trade amount of $1. If you want to open a live account you have to deposit $10 or more. Also, a free demo account is offered by Binomo. You can test the trading platform by yourself.

See the account types which are offered by Binomo:

ACCOUNT:	STANDARD	GOLD	VIP
MIN. DEPOSIT:	€/£/$10	€/£/$500	€/£/$1000
ASSETS:	40+	50+	60+
WITHDRAWAL:	Up to 3 days	Up to 24 hours	Up to 4 hours
YIELD:	Max. 85% in the case of a correct forecast	Max. 90% in the case of a correct forecast	Max. 90% in the case of a correct forecast
BONUS:	Max. 100%	Max. 150%	Max. 200%
SPECIAL:	✘	Investment insurance, manager	Investment insurance, VIP manager, individual offers

Trading is very risky and it is possible to lose the investment amount. You can bid on rising or falling prices within a limited time. The profit, loss, and expiry time are always limited and you know the potential outcome before you invest money. There are only two options: You can lose your investment amount or get a high return on capital up to 90% in the case of a correct forecast. It is possible to trade short-term and long-term trades.

Binomo offers different markets to trade:

Currencies
Stocks
Indices
Commodities

Beginners can learn more about online trading by using Binomos video tutorials and trading strategies. Also, we will explain to you how to trade step by step in the following sections. All in all, Binomo offers good conditions for trading online. The trading platform is very competitive compared to other competitors.

Conditions for Binomo traders:

Free demo account
Account minimum deposit $10
Account types
Yield up to 90% in case of a correct forecast
More than 60 different markets and assets
Long-term and short-term trading is possible
Fast execution of trades

➔ Open your free trading account with Binomo now

(Risk warning: Your capital can be at risk)

Test of the Binomo trading platform

The trading platform is the most important part of any trader. In the following section, we want to show you the functions of the software and the results of our test. Binomo is offering a professional trading platform for any type of device. You can trade with your desktop computer or mobile device (iOS, Android).

The following platforms are offered:

Binomo web platform
Binomo app android
Binomo app iOs

In the picture below you will see a screenshot of the web platform:

From our experience, the Binomo platform is user-friendly and perfect for beginners and advanced traders. You can customize the chart for your analysis as you want. It is possible to use different chart types and time frames for the analysis. In addition, you can add free drawing tools and indicators to do a technical chart analysis.

On the upper side, you can choose the market you want to trade. Muli-charting is possible by switching with one click between the markets. On the right side, you see the order mask where you open your trading position. On the left side, you get access to indicators, trading strategies, news, tournaments, and the history of your account.

Overall, you can reach every function very fast. The Binomo platform is very good for trading and doing analysis stuff. In the following sections, we want to go more into detail.

Facts of the Binomo trading platform:

Available for any device
User-friendly
Multi-charting
Fast trading
Professional analysis is possible
Indicators and drawing tools
Chart types
No lags and disconnect
Comfortable to trade with

Add indicators to the charts

Indicators are very popular because you can build variable trading strategies with them. Binomo offers more than 20 different indicators and also drawing tools for the analysis. Another important point to mention is that you can customize every tool on the platform. There are a lot of different settings for using an indicator or drawing tool.

➔ Open your free trading account with Binomo now

(Risk warning: Your capital can be at risk)

Trading tutorial: How to trade with Binomo

As discussed before, Binomo offers fixed-time trades for trading in more than 60 markets. You can invest in rising or falling markets with an expiry time. Before you start trading the outcome of the trade is limited and you know exactly the risk. But be careful because the price at the end of the expiry time is the only price that matters. It can be an advantage or disadvantage. We had several trades where in the last seconds the trade become a success or a loss.

First, choose the market you want to trade in and make an analysis. You have to generate a trading idea in which direction you want to invest. Make a forecast of the market direction. Then you choose the investment amount. You can start with only $1. After that, you choose the expiry time of the trade. The trading duration is limited. It is possible to do short-term or long-term trading. Then you invest in one direction. Also, it is possible to open multiple trades at the same time.

Wait for the result of your trading position. The price has to be above or below your entry point (strike price). You can get additional income if the market moves only 1 point in the right direction.

Trading tutorial step by step:

Choose the asset you want to trade
Choose the investment amount
Choose the expiry time
Start trading long or short
Wait till the expiry time is over
Wait for a trade to close – successfully or not

Binomo deposit and withdrawal methods

Binomo accepts a lot of different payment methods. It is depending on your country of residence which payment method is available. You can deposit money with electronic methods like bank cards, e-wallets, or online bank transfers. The minimum deposit is only $10 and there are no fees for the deposit.

There are also no fees for the withdrawal. The deposits are instant but the withdrawal can take up to 3 days from our experience. It is depending on the account type.

Note:

Binomo offers a lot of different payment methods but they are depending on your country of residence.

Binomo payment methods:

Bank cards
ADVcash
Jeton Wallet
WMZ
Perfect Money
Payeer
and many more methods

➔ Open your free trading account with Binomo now

(Risk warning: Your capital can be at risk)

Binomo deposit bonus

The broker is offering free deposit bonuses for each deposit. This bonus can be up to 200%. Before you activate this bonus you should know about the requirements for it. Keep that in mind. The must be a turnover of 35 – 40 times the bonus before you can withdraw it. For further information, you have to read the Binomo agreement but we can tell you that there is always a condition for the bonus (volume turnover).

Overview of Binomo deposit amount — Binomo deposit bonus

Binomo support and service for traders

Binomo offers 24-hour support in more than 10 different languages for each customer. You can use the chat, or email function to reach the support and service. We tested the support and we can say that the broker responds very fast to our questions. In addition, there is a huge educational area on the platform where you can find the most asked questions quickly.

SUPPORT:	AVAILABLE:	LANGUAGES:
Chat, email	24 hours per day	More than 10 languages

➔ Open your free trading account with Binomo now

(Risk warning: Your capital can be at risk)

Learn how to trade with Binomo

If you are a beginner in trading, it is hard to find good trading strategies for the markets. On the internet, you will find a lot of different methods to trade the markets. Luckily Binomo offers educational material for each trader. Sometimes there are live webinars and also you can get coaching from an account manager.

On the platform you will find trading strategies provided by Binomo:

The trading strategies are for beginners and advanced traders. We recommend starting with beginner strategies and learning step by step about trading. There are a lot of articles and video tutorials where you can learn how to trade. All in all, Binomo knows how to provide a good service for its clients. The broker wants to build a long-term relationship with each trader.

Tournaments and contests

The last point we want to discuss in this review is the tournaments and contests on the Binomo platform. You can join them for free or by paying a small entry fee. You will get a separate trading account where you are able to trade and win prizes. There are contests with a small and a big prize fund. It is depending on the tournament.

On the left side of the Binomo trading platform, you get access to the tournaments. It is a good way to earn additional money when you are a good trader. The first 10 traders will win a prize. But keep in mind you have to be very good at trading. In conclusion, the tournaments are another advantage of Binomo. There are only a few brokers who are offering trading contests.

➔ Open your free trading account with Binomo now

(Risk warning: Your capital can be at risk)

Conclusion of the review: Binomo is a reliable online broker

On this website, we showed you the facts and results of our test about Binomo. We tested this broker with real money and now we can say that this is a legit company to trade with. Binomo is offering very good conditions for every customer. There are no hidden fees or scam tactics.

You can start with a minimum deposit of only $ 10 or a free demo account. Moreover, the trading platform is perfect for beginners or advanced traders. Use the desktop version or mobile version. There are a lot of tools to analyze the markets. You can get a high yield of up to 90% in the case of the right forecast in 60 seconds. Customize the orders as you want.

From our experience, we can recommend the online broker Binomo to everyone who wants to invest online.

Advantages of Binomo: