Is it safe to register with Binomo Find everything out in Binomo review!

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Binomo Review

Rating:

Binomo is one of the relatively new binary options brokers. Does it deserve your precious time and money? In this Binomo review, we will explain clearly if you should deal with this broker!

Min. Deposit: $10 Demo: Yes

Platform: Unique Bonus: Up to 100%

Regulation: N/A US Clients: N/A

Sign up with IQ option Instead
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Binomo Review: About the Company

Binomo brokerage firm is transparent about its trading activity, experience, the current number of customers and legal information. Is Binomo legit? We do not think so. There are many traders that informed us that this broker is a scam. We recon that yes. We did not have to search for company info on our own, as the website did provide us with sufficient data. Binomo is located in Anguilla and was established in 2020. At the moment of the Binomo review, they had pending CySEC and CFO regulation.Probably they will not get it if they continue to offer low-quality services.

Probably they will not get those licences if they continue to offer low-quality services.

Binomo Registration

Registration is very fast and done within a minute. This is pretty awesome since you will not have to spend a lot of time on filling boring registration forms.

Registration is laggy and sometimes you have to retry several times.

At the stage of registration, you have to choose between a real and a demo account. The minimum investment requirement for the live account is $10 or the equivalent in EUR or RUB.

There are three live accounts to select: Standard, Gold, and VIP. The minimum deposit for Gold and VIP accounts are $500 and $1000 respectively. Once you open the real trading account, the Binomo bonus will be offered upon making the first deposit.

Update: No more bonus offers are available.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Binomo Trading Conditions Review

Live trading takes place on Binomo WebTrader. The Binomo binary options platform offers you solid choice of trading instruments. Binomo allows trading on 15 currency pairs and Gold. Also, the platform supports technical indicators and different charting tools. There are two main binary modes available: classic binary options and Turbo options.

When working on this Binomo opinion, we have noticed that the WebTrader does not have any technical issues. The performance is seamless; there are no lags and connection problems. A Recent check of the Binomo platform showed us that platform has some technical issues and order execution does not work properly. Sometimes it takes 15 seconds to execute an order, and sometimes it is not executed at all.

Binomo Trading Education

Binomo binary broker is one of the brokers that cares about your binary options trading education. There is an investment glossary that will definitely help you to start out. We always recommend to start only with brokers that care about your knowledge and education, but Binomo education is simply not worth it. All the info and strategies are outdated and irrelevant for current market conditions!

Good Customer Support

Client support is one of the main advantages that Binomo has right now. The support agents can assist you on any issue, from very basic one to a complex problem. We have also read different Binomo reviews that agree on our opinion about Binomo customer support.

As for the indirect customer support, Binomo offers FAQ which can help to evaluate the quality of services.

Seems like Binomo has changed its customer support center. Support is unhelpful and sometimes even rude.

Binomo Funds Withdrawal

Binomo transfer methods are convenient for many traders, you can deposit or withdraw funds using credit/debit card and e-wallets. Unfortunately, bank transfers are not allowed at the moment, but we hope that they will be in the future.

Withdrawals are often rejected for no reason. We do think Binomo is a scam and do not recommend to sign up with it.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Binomo Review

What is Binomo?

Binomo is a European-based online trading company. It allows trading in Binary Options, which is one of the fastest-growing markets in the last 10 years. It has its own trading platform and offers good conditions and profits for its clients. Offers Free training account, fast deposits, and withdrawals with no costs.

Here’s how we summarize Binomo
https://www.binomo.com
Established – 2020
Headquarters – Chipre
Regulating Entity TSRF- License A7081
FMRRC: License RU 0395 AA Vv0106
Customer Service Channels Live Chat, Telephone and Email
Platform Binomo – Proprietary platform
Trading Channels Web, Mobile (APP available for Android and IOS – Smartphone and Tablet)
Account Types Demo, Normal, Gold, VIP
Demo Account 10.000 USD, free, unlimited, and rechargeable
Minimum Deposit 10$
Minimum Trade 1$
Deposits Visa, MasterCard, Skrill, Bank Transfer, E-Wallets
Withdrawals Visa, MasterCard, Skrill, Bank Transfer, E-Wallets
Asset Totals Forex – 32 | Stocks – 30 | Indices – 9 | Commodities – 9 | Total 80
Option Types Binary and Turbo
Overal Score 94/100
OPEN ACCOUNT OPEN FREE ACCOUNT AT OLYMP TRADE

How does Binomo work?

First, you need to create an account at Binomo. It is simple and free. Then choose the products you want to trade. Ideally, use one of the courses out there to stay prepared. Practice on the demo account until you’re prepared to make a profit.

Is Binomo safe and reliable?

We can say that Binomo is safe because it is a regulated company with customers all over the world. It is a well-known online trading platform and has been in the market for some time now with a good international reputation. Many sites like this one have very positive reviews on Binomo’s safety and reliability.

Tips from our Professional Trader: 6 reasons to have 2 accounts

Do you know that you should work with more than 1 broker?
Check the 6 reasons why you should have account with at least 2 brokers:
  1. Each platform has its differences. If you try different platforms you may find those more suitable to your trading style.
  2. Each broker has his own payouts that keep changing during the day. If you want to open a trade and one offers 60% and the other 80%, you will choose the one with best payout, no?
  3. Sometimes the brokers close some assets, if you have just one account and you want to trade on that asset and it is closed, you will LOSE that trade, no?
  4. If there is an issue with your Broker’s platform, or they are updating it you’re not able to trade, unless you have another account with other broker.
  5. Deposits and withdraws. Brokers keep changing the deposit and withdraw methods, imagine you need cash fast and your withdraw system is closed at that moment on your broker, what do you do?
  6. Each platform has its owns indicators and trading tools, imagine you found a new stratey and it does not work on your broker because it uses an indicator that your broker does not offer.

Below you can find our main trader suggestions on brokers:

How to use the Binomo platform?

It’s very simple. Once you create a free account, you can trade directly on your browser, without having to download or install anything.

You only need an internet connection. In the platform, you must choose the asset, the amount you want to bet and indicate if the price goes up or down.

How do I open an account with Binomo?

It is very simple, fast and free to register and open an account with Binomo.

You need to follow these 5 steps:

    1. Select your favorite currency (you can’t change this later)
    2. Insert your email
    3. Choose a password
    4. Click on: I accept terms
    5. Go to your email account to confirm the registration

How to make money with Binomo?

You need to deposit on the Binomo trading App and then trade Binary Options product they offer.

Since they offer an App you can do it from your smartphone.

In order to make money, you will place bets and make an overall winning rate above 65% in order to make profits.

Learn and improve your skills with Binay Options Online Training. We offer free training to all our referrals.

Then you’ll need to work seriously and with the discipline to achieve consistent profits.

What are the best strategies for Binomo?

There is no perfect strategy that never fails. There are several (see here several examples) that well used, allow to obtain good gains.

You must always learn your operation correctly and respect the rules when using any strategy.

Read the full and updated review of Binomo below. Know your advantages and disadvantages.

This broker came into existence in 2020. It is a broker very focused on traders that start in Binary Options because it offers low deposits, low trades and a platform that is very easy to understand.

The broker has its own platform, simple and intuitive. It offers deposits starting at $ 10 and operations starting at $ 1.

Binomo has a prize won in 2020 as the best broker of Binary Options for beginners and another in 2020 by the IAIR Awards.

The broker is owned by Tiburon Corporation Limited, located in Seychelles.

The financial operations are carried out by Stagord Resources LTD, located in Cyprus.

The Broker is regulated by Finacom.

Binomo Platform

The broker’s platform was developed by the company itself.

It is a platform with a good design and that is pleasing to the user. It is designed to be quickly understood and used even by the most inexperienced.

Binomo Scam or not? – Broker Review 2020

Review: Regulation: Min. Deposit: Demo Account:
(4.7 / 5) IFC 10$ ✔ Free

Is Binomo a scam or a reliable Broker for Binary Options? – Read more about it in this review of 2020. Nowadays it is hard to find a good broker because diversity is quite large and there are some scams outside. In this review, I will show you the facts and conditions of Binomo for traders. Is it worth to invest real money or not? – Find it out in this article.

The official homepage of Binomo

What is Binomo? | The broker presented

Binomo is an international broker for Binary Options. The company was founded in 2020 and is based in Seychelles. The website is running by Tiburoan Corporation Limited and they got branches in different countries around the world. At the moment the most active countries are India, Indonesia, China, Brazil and Asia. The broker is regulated by the IFC (International Financial Commission) and certified by the CROFR. This information about the broker makes a first good impression on me.

The broker provides you the opportunity to bet on rising or falling markets with Binary Options to get a high profit in a short time horizon. They offer a diversity of more than 200 assets to invest. The customer base is rising continuously since the start of the company. In addition, the Binomo always tries to improve their service and offers for traders.

Facts:

  • Broker since 2020
  • Based in Seychelles with different branches
  • Regulated
  • Start with a small deposit
  • High asset profit
  • No hidden fees

Is Binomo regulated ? – Regulation and safety of the broker

Many traders are asking: Is Binomo safe? – The truth is that the company is regulated by the IFC (International Financial Commission) since May 2020. In addition, the broker is certified by the CROFR. That makes Binomo one of the safest in the CIS. The regulation is very important for international traders. If there is a fraud, the broker would lose the license quickly.

The IFC is an independent and neutral commission for the financial markets. The broker is a member of category “A”. This is the highest level you can achieve by this regulation. In other words, there are different benefits for traders now:

Official regulation of the company

  • Protection: Clients funds are protected up to 20.000€. This is a compensation fund which covers the amount. For the unlikely event, the fund would cover you if the broker goes bankrupt.
  • Court: Traders get access to neutral and international tribunal and judgment. If you got any problems with the broker, you can complain to the IFC.
  • Fast Support: The IFC provides you with fast service and support. There are working employees all around the world.

Review of the conditions and offers for Binomo traders

Binomo offers to invest in rising or falling markets with Binary Options. It is like betting on a certain time horizon (read more below). There are more than 100 different assets to trade. You can trade Forex, Stock, Commodities, and Cryptocurrencies on the platform. Another point to mention is that the broker works 24/7. You can trade on the weekend with a high return on investment.

The asset profit is high to 87% for Binary Options. You can trade short-term or longterm trader. There is a big diversity of expiry times. If you add more than 1000$ to the account, you will get a VIP-status with a higher asset return. Besides, there are no hidden fees for you! They do not charge you any commission of deposit or withdrawal funds.

Beginners or advanced traders can start with the minimum deposit of 10$. This is a very small amount of money and clearly an advantage of Binomo. Also, the minimum investment amount for a trade is 1$. You can trade any asset with only 1$ and without fees. In conclusion, the conditions are one of the best in the world compared to other Binary Options Brokers.

Type: Assets: Asset Profit: Minimum Deposit: Minimum Trade:
Binary Options, Digital Options 100+ Forex, Commodities, Stocks, Crypto 87%+ 10$ 1$

Test of the Binomo Trading Platform

Is the trading platform of Binomo good as it looks? In this section, I will show you transparent the platform and the functions for traders. Binomo offers a web-platform and a mobile app. On the platform, you get direct access to more than 100 assets. The platform works 24/7 and you can trade on the weekend Cryptocurrencies. Binomo provides video tutorials and guides for beginners to learn more about the platform. In addition, you can ask support for help.

The platform is unique and programmed by the broker. The platform looks clear and well structured for the first impression. It is possible to customize it and do an extensive analysis of the chart. Use different chart types, indicators or other tools for technical analysis of the asset. After that, you can make your forecast and earn a high amount of money.

Furthermore, the trade execution of Binomo is one of the fastest. There are no lags or connection problems. The platform works smoothly and is very flexible too. You can customize the chart as you want.

On the right side, you see the trading dashboard for the execution of traders. It is clearly structured and you can use hotkeys for trading. This is a unique advantage of Binomo. On the left side, you get access to different options of the broker. Look at your trading history, learn new strategies, use the news calendar and more.

On the upper side, you can choose any asset for trading. It is possible to use multi charts and open more than 1 chart. So you can switch easy and simple between different assets to carry out different strategies. In conclusion, the trading platform is easy to use for beginners and advanced traders. There are a lot of functions for trading success.

Facts about the platform:

  • Multi-charting
  • More than 20 indicators
  • More than 100 assets
  • Flexible
  • Customizable
  • User-friendly
  • Mobile Trading
  • Very fast trade execution

Professional charting and analysis is possible

For successful trading charting and analysis is very important. In the next section, I will show you the functions of the trading platform. With Binomo you can use more than 4 different chart types which a necessary for professional strategies. The best-known chart type is candlesticks. With special patterns, you can predict the turnaround of the market.

Charttypes:

  • Mountain chart
  • Line chart
  • Candlesticks
  • Barchart

Use more than 5 different timeframes for the analysis. This is a little disadvantage because other brokers provide more than 5 different timeframes for the chart. It is important to choose the right timeframe for the setup of a Binary Options trade. The financial product depends on a certain expiry time.

Expiry time:

  • 5 seconds
  • 15 seconds
  • 30 seconds
  • 1 minute
  • 5 minutes

For technical analysis, you can use technical drawing tools or indicators. There is a huge range of different drawing tools which makes the broker unique. Use horizontal lines, Fibonacci, trendlines and more.

Also, more than 20 different indicators are available on the platform. Choose an indicator and customize it by yourself. You can choose different settings for the periods of the indicators and more. In addition, there is a description and tutorial for the indicator. In the section “strategies” you can read about the collaboration between different indicators. They are powerful tools to make a high profit with Binary Options.

In conclusion, the trading platform is user-friendly and flexible. Beginners should feel comfortable within a few minutes. The biggest advantage is the clear structure of the platform. I like the design. Furthermore, you can customize it very fast in a few seconds. Try it with the demo account.

Binomo Trading Tutorial – How does an investment work?

Binary Options is a simple financial product. In this simple and short tutorial, I will shoud you how to trade successful. You can bet on rising or falling markets at a certain time horizon. Choose the expiry time of the trade and go short or long. After the expiry time, the trade automatically closes and you get a high payout or you lose your invested amount.

Predict the price direction of an asset and trade in the direction you want. No matter how much the asset is moving in your direction the price only has to be upper or under your entry point to get a fixed profit. The profit depends on the traded asset.

The risk is limited to the investment amount. You can only lose your investment amount and win a fixed profit. This is an important point because there are not a lot of financial products where the risk is limited.

Make your forecast

Example: GBP/USD – 85%:

You invest the amount of 100$ and make the forecast for the market. If you are right after the expiry time, you win a high amount of 185$. 100$ is the return of your investment and 85% is the profit. Binary Options are available on a different time horizon. It is possible to get a high profit in a short time horizon like 30 seconds.

Step by step trading tutorial:

  1. Choose any asset and analyze it
  2. Make a forecast of the price movement in the future
  3. Choose an expiry time
  4. Invest any amount starting 1$
  5. Click Call (long) or Put (short) to open your trade
  6. Earn a high amount of money if you make the right forecast

Losses and emotions are the biggest enemies of a successful trader. Therefore it is important to use sensible money management. If you lose a huge amount of money, you will trade irrational and lose more money in the future. Sensible money management should be not more than 1% per trade of the account balance. The advantage is that you can cope with a losing strike without getting emotions.

Binary Options are risky too. You should not invest money which you can not afford to lose. Profits are not guaranteed but there is a chance to earn a lot of money with the right knowledge.

Mobile Trading (App) for any device

Also, Binomo offers mobile trading for every client. The app is available for smartphones and tablets. You can use any devices whether it is Apple (iOS) or Android.

Nowadays mobile trading is very important. React directly to market news or proof your portfolio on road. It is possible to earn money with your smartphone. The app works smooth and structured like the web version. The execution of trades is very fast and you can use the same functions as in the web version. The offer of mobile trading completes the portfolio of Binomo.

How to open your free demo account with Binomo

The demo account allows you to trade with virtual money. There are some different advantages of it which I will show you in this section. Especially beginners should practice with the demo account before they invest real money. In addition, advanced traders can use this account too to improve their strategies or learn to trade new assets. You trade without risk. The demo account is the best option for getting more knowledge about the trading platform and the financial product.

Binomo offers you a free demo account with a 1000$ deposit of virtual money. It is completely free and you can use this account as long as you want. It is unlimited. If you lose money, you can recapitalize this account with one click. On the other hand, you can change between the demo account in few seconds! Every good broker provides a free demo account. So Binomo is one of the best brokers.

Open your free demo account

Open your real account

The demo account is linked to the real account. Switch between these accounts with one click. For trading with real money, you have to fulfill the account form. The broker needs additional documents and personal information. For withdrawal profit, the account has to be verified. The verifications take some time of fewer than 24 hours. Just upload a photo of your passport and get the verification. After that, you can use all the functions of the real account of Binomo.

In conclusion, the account opening with Binomo is very easy. The sign up lasts only a few seconds. Use the account currency dollar or euro to open the account. There are no hidden fees for you and it is completely free.

Honest Binomo deposit and withdrawal review

The minimum deposit is only 10$ and the minimum withdrawal is only 10$. You can capitalize your account with different payment methods. Binomo offers Creditcards, E-Wallets or Cryptocurrencies for your deposit. Also, the withdrawal works with these payment methods.

The withdrawal process works fast as the deposit. If you make a profit, you can withdrawal it directly on the platform. Surprisingly there are no commissions for your transaction. This is a big advantage of Binomo. In addition, it is secure and the withdrawal system works fast. They pay out in less than 24 hours.

The Binary Options Broker offers you a bonus (read more below) too. It is possible to get a 100% bonus of your first deposit. Furthermore, there are different account types (read more below). In conclusion, I proofed the payment system and there was no scam for my deposit and withdrawal. It works very fast and reliable.

Payment methods:

  • Credit Cards (Master/Visa)
  • WebMoney
  • Neteller
  • Qiwi Wallet
  • Cryptocurrencies (Bitcoin, Litecoin)
  • Perfect Money

Bonus and conditions for traders

Binomo offers different types of bonuses for traders. The bonus for the first deposit is very popular because you can trade with more risk or money. Always before you activate a bonus you should read through the bonus requirements.

Example: You do a deposit of 5000$ in your account trade with the money management of 1% each trade. The investment amount is 50$. If you take a bonus of 100%, your account balance is 10.000$. Now you trade with the investment amount of 100$ each trade if you use the money management 1% of your account balance. The bonus allows you to grow your account more quickly.

The Bonus is a good way to increase your account balance for free, but be aware of the conditions.

The broker offers different types of bonuses and there are different requirements. The bonus can be deactivated only if you do not trade after the activation. The bonus cannot be deactivated after you start trading with it. The amount of the bonus depends on the promotion and the amount of deposit. For bonuses of the amount of 50% or more the turnover is x40. The turnover for bonuses less 50% is x35. Sometimes they offer a no-deposit bonus. Also, there are time limits for the activation. In conclusion, a bonus is one of the best tools to grow your account but you should read through the bonus conditions before you activate it.

Different account types are available

Binomo offers 4 different types of accounts. The status depends on the deposit amount. This is another good feature to improve the experience from the clients of Binomo. With a higher account type, you can get special features and more profit. In this section, I will show you the different types of account. See the advantages of a higher deposit.

Standard account

Everyone who deposit the amount of 10$ get the standard account. You can use the full functions of the trading platform.

  • Fixed profit to 85%
  • Minimum investment amount is 1$
  • Participation in tournaments and contests
  • No limits
  • Withdraw in less than 3 days
  • Technical support

Gold account

In the gold account there are more special events and privileges, which could increase the profit of a trader.

  • More assets are available (100+)
  • Fixed profit to 86%
  • Get a higher bonus
  • Personal account manager
  • Education from professional traders
  • New strategies
  • Weekly cashback 5%

VIP account

The VIP account offers you the best trading conditions.

  • Bonus up to 100%
  • Higher asset profit up to 87%
  • Withdraw in less than hours
  • More available assets
  • VIP support and education
  • Weekly cashback 10%

Review of the tournaments for traders

Also, Binomo offers contests for traders. It is a good way to earn a huge amount of money with a small investment. There are different types of contests. Some tournaments are free to use and some tournaments have to be paid. The participation fee depends on the contest.

Often the goal of the tournament is to get a maximum balance at the end. You compete with other traders on the platform. If you lose money, the contest is no over. You can rebuy and start again.

The prize fund is quite large compared to other contests. The winner does not get the whole prize fund. The money divided up to the first 30th places but it can depend on the contest. There are a lot of different conditions and each contest is unique. In conclusion, I like tournaments because the return of investment can be huge. Surprisingly sometimes you can win an iPhone XS or other valuable prizes.

Available countries

The market for Binary Options is growing continuously. Binomo is an international broker who tries to accept more and more countries. There are some forbidden countries: EU, USD, and Canada.

After all the market in Asian and Africa is growing very fast. Now they offer support in more than 20 different languages: English, Thai, India and more. The most traders are from:

Is Binomo legal?

I can recommend that Binomo is a legal company. Binary Options are allowed to trade in India, Australia and more. It is like betting on a rising or falling market with fixed risk.

Are Binomo Robots, bots, and automated trading allowed?

There is no possibility to use automatic systems with Binomo because they offer a unique trading platform. For example, expert advisors are not possible to use. In addition, the broker does not provide signals or social trading for its clients. Binomo prefers that the traders trade with their own knowledge.

Automatic trading on the platform is prohibited and can block your account.

Be careful with Robots, bots, or automated systems for Binomo. They are a big scam for your money. Binomo can delete your account without warning if the broker finds our that you use a bot. Moreover, 99% of all robots and bots are a scam from my experience. They do not work profitable, so you should not try these programs.

But Binomo offers a big education center where you can learn different strategies by yourself. This is a good way to improve your profit and another option.

Robots are not allowed with Binomo.

Review of the Binomo customer service and support

Binomo offers 24/7 support via phone, chat, email or skype. From my experience, the support works very fast and professional. There are specially educated employees who answer your questions. Furthermore, they offer an account manager for gold and vip clients. It is a personal manager. You can arrange a personal session to learning more about trading and new strategies.

All in all the support is reliable and very fast. I tested it in many ways and the live-chat is the fastest one. Just click on the symbol in your platform and you can directly ask questions. Finally, they offer a big FAQ and education center. There are video tutorials and guides for trading. More than 50 videos are available.

Support: Available: Special: Adress:
Phone, Chat, Mail, Skype 24/7 Account managers Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles

Conclusion of the Review: Is Binomo real or fake? – Good choice for an legit broker

Binomo is interesting for beginners and advanced traders. In this review, I showed you the conditions and offers for traders. After you read this review you should decide for yourself if you want to invest your money.

In my opinion, Binomo is a reliable broker for Binary Options. They offer everything a successful trader needs. Start trading with just 10$ in your account or try the demo account for practice the platform. Beginners should feel comfortable with the support and the education center. The service is diversified and professional.

The conditions are at its best with Binomo. Trade with a high asset profit and earn money in a few seconds. Binary Options are risky but with this broker, you are on a good way to earn money. Also, the broker is very safe because of the regulation and it can be used as recommending the company.

Should I create an account with Binomo?

Personally, I think it is a very good broker for financial investments. In this review, I showed you the advantages of the platform. There are no disadvantages and it does not look like a scam for me. Especially I tested the broker with real money and the platform works fine.

If you search for a professional Binary Options Broker, you should register with Binomo.

Advantages of Binomo:

Start with a small investment amount 1$

Flexible and user-friendly platform

Huge asset diversity

High profit of 87%+

Fast trade execution

Good service and support

Fast withdrawal system

Disadvantages of Binomo:

Little choice of timeframes on the trading platform

At the moment Binomo is one of the best Platforms for Binary Options (4.7 / 5)

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

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