Trade On Binomo How Do You Successfully Place A Trade -Binoption

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  • Binarium
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    Top Binary Options Broker 2020!
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  • Binomo
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    Only For Experienced Traders!

Binomo Review

Overview

Binomo is a simplified version of trading on the stock market. In trading binary options, the same data, assets and quotes are used as in traditional trading. You can start trading with a deposit of only $10, and transactions can be made starting at $1.

Details

Broker Binomo
Website URL www.binomo.com
Founded 2020
Headquarters Evagorou, 27, Irene Building, 4th Floot, Office 44, Trupiotis, Nicosia, 1066, Cyprus
Support Number +441143033932 (UK), +23414408171 (Nigeria)
Support Types Phone, Chat, Skype, Email
Languages 13 languages, including English
Trading Platform Own development
Minimum 1st Deposit $10
Minimum Trade Amount $1
Bonus Up to 100% deposit
Payout Up to 90%
Free Demo Account Open Demo
Regulated
Regulation Financial Commission, FMRRC
Account Types Demo account, Standard, Gold, Vip
Deposit Methods Credit and debit cards VISA/MasterCard, QIWI, e-payments, Alfa-Click, Neteller, mobile phone, PSB, WebMoney, Yandex Money, crypto-currency wallets
Withdrawal Methods Credit and debit cards VISA/MasterCard, QIWI, e-payments, Alfa-Click, Neteller, mobile phone, PSB, WebMoney, Yandex Money, crypto-currency wallets
Number of Assets 50
Expiry Times 60 seconds to 1 hour
Types of Assets Currency pairs, precious metals, crypto currency (Bitcoin BTC, Lightcoyin LTC, Crypto IDX), indices, raw materials, stocks
Option Types Classic High/Low Options
Account Currency USD, EUR, RUB
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9.6/10

Additional Information

Full Review

Binomo is a binary options company that stands out among many other options brokers. By offering a proprietary trading platform to its clients, loyal trading conditions, free training, and bonuses and gift options, the broker is able to be a good alternative when choosing a modern options platform with low minimums to start.

Terms of trade with Binomo

A perfect free training block, continues update of analytical materials and the number one is that this company can become the best choice for novices as it offers to them the lowest trade limit: minimal deposit of $5 and minimal transaction of $1. There is a free demo account available for novices, strategies proven by a good company of market players.

The company trading terms are ones of the top ones in the market. Everything is done here for a trader to sign up easily and start the real trading. The happy brokers customers praise the profitability of the platform, quick withdrawal, lots of offers, free signals. Due to the unique «Non-stop» mode you don’t need to wait for a transaction to be completed to start a new one, since the system lets you open several transactions simultaneously. Besides, the broker makes it possible, to earn from trading not in business days only, but also on weekends. The continuous implementation of advanced solutions to the service, emphasis on the safety of collaboration with the resource, the quality support – it is what made it possible for a young company, to leave the competitors behind. According to ratings of binaries brokers, Binomo keeps taking the top positions in the market outpacing the stronger projects. This is a modern and vibrant company setting big targets and achieving them.

You see already how to trade with Binomo to the effect that to keep getting income on a regular basis, don’t you? For the effective work the platform offers just up-to-date solutions, advantageous tariffs and training programs. The customers know how to win with Binomo more, don’t forget about numerous offers making trading more interesting and effective. Especially that the measurable benefit of this modern company is its offers. On Binomo official website you will find the ones of the most interesting and profitable offers. Why do you need a bonus at all? Binomo coupon – it’s special offers of the platform increasing the capital which may be used for trading, or depends on conditions, even withdrawn and spent the way you like. It’s a chance to earn real cash, get the trade experience.

Basic information about the Binomo broker:

  • The company’s website – https://binomo.com,
  • Place of registration – the Republic of Cyprus,
  • Registration year – 2020,
  • Regulatory body license – Financial Commission, FMRRC,
  • The broker’s trading platform – a proprietary innovative design,
  • Deposits – 10 USD,
  • Volume of contracts – from 1 USD to 3,500 USD,
  • Assets – metals, raw materials, stocks, currencies, cryptocurrency,
  • Profitability – up to 90%,
  • Auxiliary services: training, analytics, investment ideas,
  • The demo platform – a 100% equivalent version of the real one,
  • A mobile terminal – there is one,
  • Withdrawals – 24 hours,
  • Available payment services – QIWI, Neteller, Union Pay, mastercard, WebMoney, VISA.

Binary options training:

If you’re just starting to get acquainted with the options market, you won’t find a better broker than Binomo. On the company’s website, there is a large collection of material for beginner and professional training.

The theoretical part:

  • An interactive guide for beginners,
  • A knowledge base that contains the basic concepts of binary trading,
  • Video lessons.

The practical part:

  • Original trading strategies,
  • Technical analysis,
  • Fundamental reviews,
  • Investment ideas.

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!

One of the significant factors characterizing the broker is its support team. In this regard, the company is praiseworthy. Client support is provided by well-prepared, qualified personnel, capable of quickly finding solutions to any client problem. The support team works 24/5 and is always on the client’s side.

Binomo platform

Binomo trading options is quite a solid step for a trader deciding for collaboration with the company, as they actually have the unlimited gain potential. But the key to success is a choice of a trading platform, and Binomo platform is exactly the one you shall pay your attention to: this is an advanced terminal with no analogues in the market, advantageous terms, useful service etc. Reliable regulation, rapid technical support, wide range of tools (shares, CFD, cryptocurrency trading) – all this speaks for the company gravitas, Binomo platform promising outlook and convenience (the feedback is real, withdrawal, bonuses below in our review).

On the own Binomo platform, which is considered to be the one of the best in the market, the most advanced technologies are implemented, professional tools are available, which help to undertake the complete analysis of assets dynamics, high order processing speed. This avoids the necessity of outside services application making the trading more comfortable. Moreover, apart from the advantages described above, Binomo lets traders withdraw the earned profit. The maximal withdrawal term is just 24 hours!

The company platform doesn’t need to be installed to your computer, is characterized by nice design, advanced features: change of chart design, expiration type, assets choice along with studying the information about them, adding indicators and widgets etc. It’s simple and easy or a customer to find out in the platform operation way, understand his options, then he can stake one at once and make a profit. The terminal is targeted both at a novice of the market and a professional trader, both will feel here comfortable enough. You can study at once the breaking news o the market, the analytics of the company staff, watch the quality webinars.

The platform has a unique design, color palette, and a variety of technical tools and technological solutions, namely the following:

  • A user-friendly interface with easy navigation,
  • The ability to change the display colors and styles,
  • Scalable large-format quote charts, with the features of form change, the construction of asset quotes, and views of market history,
  • A set of high-performance indicators,
  • A selection of graphical tools for technical market analysis,
  • The «majority opinion» statistical indicator,
  • Highly accurate quotes of base assets,
  • A convenient and effective range of expiry periods from 60 seconds to 24 hours,
  • 50 base assets,
  • Option types – binary and turbo,
  • Non-stop trading mode,
  • Speed of executing trade requests – up to 1.7 ms,
  • The best format for displaying trading history.

The instrumentation and stable operation of the Binomo broker’s trading platform allow the user to implement any trading plan, build their own strategy, successfully manage capital, and, of course, earn!

And the thing options market beginners enjoy the most is the high-tech Binomo platform available in the demo version. So, it’s possible to try your hand at trading and test the company’s trading software without replenishing your account!

Binomo broker quotations

It’s crucial for a young and promising company to provide its customers with the proven and reliable service. So for the customers to have the up-to-date information about quotations available, Binomo cooperates with one of the most respectable liquidity suppliers of the market – Thomson Reuters. So traders can be sure that there are accurate data about the assets prices provided in the terminal, which are continuously updated. This information is common for all users, its change from the broker’s side is impossible.

Binomo demo account

The option of check out a broker’s service and of training trade in its terminal is long time considered to be a professionalism mark of the company, which is fair operating in the market. Binomo offers a free demo account for interested traders, too. This option lets players check out the terminal service, test strategies, complete transactions with virtual money without losing their own capital. The company terminal is its own development. To try trading here and estimate if it convenient is for you, you also should use the Binomo training account.

The demo account is termless, it gives you the real chance to understand in actual practice to what extent the broker is fair with its trader, how professional is its support service, how convenient and stable is the platform. Besides, all the capacities of a real account are available here, which a user works with after filling the account.

Binomo mobile application

One of the major trading platforms in the market offers to its customers a mobile application (iOS, Android), which lets you get the direct access to the system any time. Now the fully-fledged trading nonstop is possible. No matter where you are, as long as your smartphone with the mobile platform is with you. You can trade in the functional terminal, study the stakes history, fill the account, take part on tournaments and offers.

To set up the application to your mobile, press the multipurpose button below, which will automatically redirect you to the online-shop of your smartphone, where you can download the terminal for your operation system for free.

Binomo bonuses

When first time registered by Binomo, you have the right for getting bonuses. Their amount may reach 100% of the filling sum. Such offers let you double your capital at once after you signed up in the system, with no risks for your deposit.

If you go for a Binomo bonus, you shall certainly study its use terms, as any platform has rules, is customers shall follow using the bonus offer. Please note that the company cares about the project marketing part. So there is a great amount of campaigns and special offers available on the platform. For example, Binomo bonuses are the additional options by the first account filling, these are the «megabonuses» – gift offers with a hefty money reward.

One more significant advantage of the company are numerous tournaments designed specifically for platform users, they let you not only check your intuition in use, but are also a good way to earn the proper capital with no risk for your deposit. The tournaments take place on the regular basis and provide a generous sum of the prize pool, may be both, requiring payment and free, some of them are held specifically for novice traders, others are focused on professionals. Before you try your hand in a tournament, read its participation conditions carefully. We assure you, the effective trading is possible only if you build up your familiarity with it in a proper way. If you got interested in the company capacities we described above, welcome to binomo.com! Taken to the website you will unveil a wealth of opportunities!

Deposit and withdrawal

A very good reliability sign of the company providing trading services is a strict payout discipline. The withdrawal with Binomo really happens within 24 hours. On the average, the money comes in 3-4 hours after withdrawal request to the indicated wallet! This impressive processing speed points to the fact that Binomo is very quick with payouts and will never «squirrel» your earned funds away. You know, it is very important at a time when a great number of other similar resources start «machinate» after the application execution, ingeniously inventing more and more excuses for you.

Well, Binomo let traders withdraw their earnings without any problems. It’s possible with payment cards VISA, UnionPay and MasterCard, services Alfa-Click, Neteller, QIWI, PSB, WebMoney, Yandex money, cryptowallets. Here we point that the minimal withdrawal sum starts from $10 and the company doesn’t take any fees for transactions, the customers save sizeable amounts due to this.

Complaints against Binomo

Our team studied carefully thematic forums and portals, with the information and feedback about Binomo. We noted a certain amount of the negative comments from customers, caused, as appeared, by technical problems on the company website while transferring it to a new trading platform and changing the bank where all deposits of users are kept. On the back of technical faults the public anger raised, which cooled down right after the service operation was put in order. It’s a tribute to the platform to create a perfect trading platform where it takes really just 24 hours to withdraw funds, so there is no rhyme or reason to consider that public anger as a shortcoming. Quite the contrary, the collaboration with Binomo became hugely more nice and more quality.

If we find complaints about Binomo, we will post it on social media. Follow us to be well informed:

As for the rest, the complaints against Binomo don’t exceed the threshold. And this speaks for the fact, that Binomo manages its aims and missions successfully, trading on its platform is gainful and comfortable.

Binomo broker regulation

Binomo submits to jurisdiction of FMRRC (№ RU 0395 AA Vv0120). It means the company is regulated by a serious agency performing audits of the company activity of the clarity and quality of its services, guaranteeing the security of all deposits of the customers. In case the financial issues with the platform happen you will take your funds back easily, this also speaks of its reliability.

Apart from this, the company is a member of the International financial commission («A» category) since May, 2020. This fact also makes it clear, that Binomo is a reliable project guaranteeing to users the high quality service, clear cooperation and protection of their funds by professional company.

Binomo «User agreement»

One of the essential documents, «User agreement» of a customer with the broker gives you a chance to check out the internet resource rules, aspects of transaction setting and withdrawal process, lets a trader study his rights and obligations. This information must be studied before you signed up with the platform to protect yourself from possible problems collaborating with the broker in the future.

In «User agreement» of Binomo you can find various materials, which make a trader think of many aspects. For example, in the paragraph about the nuances of quotations display in the terminal it is pointed that it is the only information source of assets price. At that the quotations can’t be true at a certain point as they are influenced by terminal stable connection with the company servers. The broker also does not guarantee that the transactions executed by these quotations at some point will be completed by the same price. It is not really convenient for traders counting on some profit while working in the market:

Or please note the fact that in case of disputes on transactions client-side proceeding the information on them happens based on the broker’s materials. At that, the complaints concerning the missed profit and a claim for compensation for the emotional distress are totally ignored by the company, this also complicates the interaction with it:

A customer confirms that the risks of trading may be essential – this is the fair paragraph published on the most broker platforms. However, cooperating with Binomo he automatically agrees also, that the company does not bear the responsibility in case of his losses happened due to force majeure and other circumstances. This information also makes the cooperation with the resource «shaky», as there may be a lot of such «circumstances», which may also result in significant losses:

Is Binomo a scam?

As of now Binomo is one of the most advanced and fast-paced trading platform in the options market, the broker received the FMRRC license, is committed with all the clauses of the customer agreement and its own trade terms. So saying Binomo is a scam would be the true aspersion on the fast-growth company.

Binomo company is worthy of separate attention of traders. It offers some of the most loyal trading terms in the options market, provides the perfect trading soft, access to free trainings and daily analytics. Besides, please note the rapid withdrawal of funds from Binomo platform, which will be transferred to you within 24 hours, – not every company can boast about! Needless to say the regulation of Binomo leaves a certain degree of confidence in it, along with the customers’ deposits coverage eliminating any risks in the market.

What can we say about the company as a whole? If you need a broker with good trading software, high profitability of options, achievable conditions to start trading, and free training – Binomo is the way to go. Focusing on high stock exchange standards, this company is loyal to all its clients. Whether you are an experienced trader with hundreds of thousands of dollars, or a novice trying to make money on binary options, Binomo provides all of the conditions for self-realization. And that is the most important thing that you can look for in an options company!

Summary

One final comment is that Binomo passed our careful audit relatively easy and is very worthy to join the ranks of those companies allowing you trade options without any problems and make a pretty penny out of it. Moreover, Binomo lets you all the earned profit without any problem, the company is regulated by FMRRC, has numerous positive comments from customers! Picking Binomo company for trading you obtain quality, stability, safety and innovations in one platform! These are the perfect advantages, which may be hardly found by majority of other similar trading platforms of the financial market.

Reviews

Binomo is a scam. More, it is manage by estrange people. Customer service incompetent, a Sergey who doesn’t know that its company is fooling people. Once you jump from Demo to Real money, the platform becomes suddenly very slow. I meant, very! You place an order and it takes more than 20 sec. before your order appear. And it appear when you don’t want where it appears. Result, you lose money.
So contact Customer service, where people are rude, incompetent and when very approximate English. So you contact the famous Sergey! Ha! Sergey. This guy will tell you «yes, it’s not our fault, it;s the fault of another company». What? Another company? Which one? He will answer «another company….». That’s it! You lost money. Moreover, Sergey will recommend you something after losing money: «Stop trading…». OK stop trading, thank you.
After? After, if you want to withdraw money, they will do everything to fool you and to lose everything. EVERYTHING.
Scam? Mafia people suit them.
Video links will come soon.

Hello, Nikos! Please, tell us the ID number of your account. We remind you that your account has to be verified, so, please, send us the photo of your passport to [email protected] . We also kindly ask you to provide the screenshots of the deals you think were not closed correctly. Thank you and have a nice day !

What? You are deleting my reply? Binomo is deleting REPLY?
Come on people! You stole my money and you want my passport scan? Are you kidding?

Why, Binomo, do you, systematically remove my answer?

No, I will not have a nice day as you sole my money. You already have my passport scan. You already send me an email saying that you server had a problem. Did you reimburse me funds? No! I even couldn’t withdraw money. Scam you are, videos are published all over the net.

Why do you delete my posts? Why do you delete other posts? Why do you want my passport as you already got it? Why should I provide to you screenshot as I am talking about videos? How can we see you’re a scam company with screenshot? Nonsense..

Agree with Nikos.
Do not sign up with Binomo. Thief people. They will suck all your money with their very platform. No need to have techniques as it’s only casino. Technique requires on time trade which is not the case. Your trade now, they will take into account your trade in 20 seconds.
BE CAREFUL!

Dear Marcel, we don`t have a possibility to delete the comments. You can be sure that we never did it. If you still experience withdrawal issue, then, please, contact us via [email protected]

Hello. It seems that my previous comment was deleted by Binomo. So, if they delete, you understand which kind of people they are.
As said Nikos and other persons, do not sign with Binomo. They will take all your money with their very under performing platform and incompetent staff.

It appear that Binomo succeed to remove negative comments. I will answer from Nikos, as I had the same problem.
With Binomo, you have to provide you passport scan, Credit Card scan and other details, but you will never be able to withdraw your money and what ever you provide (such as shot screen), they will never reimburse you. Scam and mafia people they are.

Well…let’s say that Binomo it’s a scam. Just be careful as their platform is performing only with Demo account, When trading with real money, it’s juts Casino.
Their customer service is a band of thief, incompetent and they will do their best for you to lose patience, and money. They will NEVER allowed you to withdraw funds.
They have a guy, Sergey, who is suppose to help you. It’s a just a puppet,
Be carfeul! SCAM for sure
Videos are available on youtube in Englsih, Russian and Thai. to prove it.
Don’t put 1 cents on this option . Same apply to IQ Options.
Same companies….same mafia.

We feel sorry that you had a negative experience. Do you have a proof of incorrect platform functioning? Withdrawals are processed according to Client Agreement without any delays. What exact withdrawal issue did you had? We always consult on any issue of our clients and do our best to solve any of them. If it is still actual, please, contact our support department via [email protected]

This was the worst broker I have ever dealt with.

They have a BAD support, where the employers doesn’t even speak a good english and send over and over again the SAME answer on almost all emails.

After 6 months trading with them (The only reason was their good payout during 21-22gmt) they blocked my account and from a few of friends for no reason.

First, they requested me a video conference (after 6 months using the broker with all documents OK). So I did it via SKYPE.

They said I should receive an email from the Security Departament.

In the next day, nothing happens, then I sent an email again and they said I have to wait 90 days to receive a message from their departament. In the meanwhile, I have not acess to my account or even can withdrawl my funds.

I consider this as a theft.

As I said in the begin, their support is the worst ever, so I will never get my money again. I have friends who loose over 6.000, some 3.000usd each one. Stay away from this broker.

Binomo send withdrawl on wornge address 3pavoApa2a4eSkikTEm9niH3pDTT8HKdBU

binomo mistake its not gvie me withdrawl my address 39guhXURRhDxaFq4n12xKV9xkd7DkTQwBH i lost 18 usd now when binomo give me return

Hello To All, Binomo is a platform for all, its is easy to use and trustworthy too. It is pretty convenient to trade using the Binomo platform. Well, I am no expert in trading though, however I did it very well as Binomo provides support at every step. You can call them anytime. This makes trading risk free, as you get support from the professional team.

It is a good platform. It is relatively easy to use as well. The best way to make money using Binomo is first, to practice, and second to remain updated. Be a vocal part of networks, forums, Facebook groups etc to keep knowing about the latest happenings in the field. The amazing resources provided by the platfrom make it very easy to use!

Hello, A surpsisingly easy to use platform. I love using Binomo as it has a seamless interface. The website has detailed instructions on how to use it. It has a great 24/7 customer service as well, which helps make the tasks easy.

Binomo provides seamless trading facilities. You go to their website, and the interface will guide you take further steps. If you are still not able to use it, you can call their customer support which is present 24*7 for assistance.

Binomo is a good platform as per me. I am based out of India and it is a new entry here. I would recommend this to people who want to start off. It is definitely now a cam as I have not lost any money.

Thanks for sharing your experience
Wish you good luck

As per my knowledge there are mixed reviews about all trading platforms. Some people claim it to be scam and some are genuinely an expert in trading. I have recently started with BINOMO and with a great experience i can say that it’s not a scam at all.

I have been trading on binomo from last 6 month and earn lots of money by following RSI Chart. I have withdraw my money from binomo without any problem. what i’m suggesting to people , before playing any you need to learn first and binomo provides such kind platform where you can open account with Demo Balance of RS.65000 and learn by trading and then enter int he real world. thanks

While trading on binomo, One thing i noticed that whenever you please position either UP or DOWN, they go in binomo favors but it’s not always as i have earned many times so be very careful while trading .

I have absolutely no complaints about the work of this broker. I started working with him for a long time, and in principle, all the results are completely satisfied — the broker is convenient, and profit is still pretty good.

I really liked this broker. According to the results of my work, I have only positive feedback – everything works without problems. I think this company is quite a good method of earning. recommend other to use and trade

Binomo Review 2020 – Is Binomo.com Scam or Legit?

Name Binomo Review 2020 – Is Binomo.com Scam or Legit?
Founded 2020
Legal Entity Stagord Resources Ltd
Turnover 89%
Minimum deposit $10
Bonus 60% for the first deposit
Full Address Cyprus, Agios Dometios, 60 Vasileos Pavlou
Phone 8-800-555-71-85
Regulation CRRFM
Site visit site
E-mail [email protected]
Visit Broker

Binomo is a binary options company that stands out among many other options brokers. By offering a proprietary trading platform to its clients, free training, and bonuses and gift options, Binomo is able to be a good alternative when choosing a modern platform with low minimum deposit to start.

Features review

  • The broker’s trading platform – a proprietary innovative design
  • Minimal Deposits – 10 USD, 10 EUR
  • Volume of contracts – from 1 USD to 3,500 USD
  • Assets – metals, raw materials, stocks, currencies, cryptocurrency
  • Profitability – up to 95%
  • Auxiliary services: training, analytics, investment ideas
  • The demo platform – a 100% equivalent version of the real one
  • A mobile terminal – there is one
  • Bonuses – free options + up to 140% on account replenishment
  • Withdrawals – 24 hours
  • Available payment services – QIWI, Neteller, Union Pay, MasterCard, WebMoney, VISA
  • Place of registration – the Republic of Cyprus
  • Registration year – 2020
  • Regulatory body license – FMRRC

Binomo trading platform

The first thing that draws attention to this company is its trading platform. The broker has departed from the established standards of the market, by offering customers a fundamentally new high-tech terminal, where all professional traders’ requests and demands are taken into account.

The platform has a unique design, color palette, and a variety of technical tools and technological solutions, namely the following:

  • A user-friendly interface with easy navigation.
  • The ability to change the display colors and styles
  • Scalable large-format quote charts, with the features of form change, the construction of asset quotes, and views of market history
  • A set of high-performance indicators
  • A selection of graphical tools for technical market analysis
  • The “majority opinion” statistical indicator
  • Highly accurate quotes of base assets
  • A convenient and effective range of expiry periods from 60 seconds to 24 hours
  • Over 73 base assets
  • Option types – binary and turbo
  • Contract yields – up to 95%
  • Non-stop mode
  • Speed of executing trade requests – up to 1.7 ms
  • The best format for displaying trading history

The instrumentation and stable operation of the Binomo broker’s trading platform allows the user to implement any trading plan, build their own strategy, successfully manage capital, and, of course, earn!

Demo Account Binomo

And the thing options market beginners enjoy the most is the high-tech Binomo platform available in the demo version. So, it’s possible to try your hand at trading and test the company’s trading software without replenishing your account!

Education

If you’re just starting to get acquainted with the options market, you won’t find a better broker than Binomo.
On the company’s website, there is a large collection of material for beginner and professional training.

The theoretical part:

  1. An interactive guide for beginners
  2. A knowledge base that contains the basic concepts of binary options
  3. Video lessons

The practical part:

  1. Original strategies
  2. Technical analysis
  3. Fundamental reviews
  4. Investment ideas

Bonuses

What’s remarkable about Binomo? The bonus program:

Firstly, Binomo is the only broker that gives its clients free options that you can profit from and then immediately withdraw your earnings from your account. On the company’s site, you can get up to 9 free options in the amount of 150 USD.

Secondly, with the Binomo company, you get up to 85% for each replenishment of your account.

Thirdly, in addition to the basic bonuses, there are always promotions for account replenishment with bonus codes, which adds +45% to the basic bonus.

Support team

One of the significant factors characterizing the broker is its support team. In this regard, the company is praiseworthy. Client support is provided by well-prepared, qualified personnel, capable of quickly finding solutions to any client problems.

The support team works 24/5 and is always on the client’s side.

What can we say about the company as a whole? If you need a broker with good trading software, high profitability of options, achievable conditions to start trading, and free training – Binomo is the way to go.
Focusing on high stock exchange standards, this company is loyal to all its clients. Whether you are an experienced trader, with hundreds of thousands of dollars, or a novice, deciding to try to make money on binary options, Binomo provides all the conditions for self-realization.

And that is the most important thing that you can look for in an options company!

Range of Services

Your Rating

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Binomo

Broker Name: Binomo
Platform: Binomo
Founded: 2020
Bonus: 100%
Return/Refund: 70-87% / 0-10%
No. Of Assets: 70
Regulated: No
Demo Account: No
Minimum Deposit: 10
US Traders: Not Accepted

Binomo Review

Binomo is an online broker, with a relatively long track record, owned by Tiburon Corporation Limited and registered in Seychelles. The company started operating in 2020 and developed their its unique trading platform. Binomo is a member of the Financial Commission. What this means exactly is still a bit vague because these are not high-profile financial regulators.

Editor’s Note: Why Binomo Sucks in 50 Words

What I dislike the most is point 2.14 in their terms and conditions:

“2.14. If the Client has deposited money into their account but later decides to completely or partially withdraw funds, and their trade turnover (the sum of all transactions since the last deposit) has not exceeded double the size of the deposit, the withdrawal fee will be 10%.”. Furthermore, their live chat was not working and they are not CySEC regulated. Sure they say it’s “pending” but there are brokers who have had pending regulation for years and are still the same old sucky broker.

Why Doesn’t Binomo Suck in 50 Words

I like their customized platform that offers you to trade with one keystroke (if you enable it). The charts themselves can be equipped with the most popular indicators like MACD, Bollinger Bands, MA, and RSI. In addition, you can select among many technical trading tools like trendlines, triangles, Fibonacci, pitchforks and many more to choose for analysis.

Is Binomo a Scam?

The first question is, how reliable is a Financial Commission membership? Is that something to compare to a CySEC or FCA Regulation? On the bright side, according to their website, they show “pending CySEC and CPO regulation”. But on the other hand, that “pending” regulation has been on their site for quite a long while without any new developments, so…

In the bottom line, this broker is probably not a scam but I would wait for a CySEC regulation before making a serious investment here. If you still wish to try them out, they offer 10$ deposits which are a small risk to take.

Should I Open an Account with Binomo?

The platform itself seems great and I love the fact that you get to open a demo account with just an email address! You can, at any time, replenish the money in the demo account or switch to your live account. One unique feature I have never seen anywhere else is the ability to use “Hotkeys” for trading. If you enable this feature, you may increase or decrease your investment amount, change your expiry and execute trades without using your mouse. You just need to memorize which keys do what. So before you switch to Hotkey-mode, make sure you know which keys do what to avoid any accidents.

The chart on the platform comes in several time frames, 5s, 15s, the 30s, 1 minute and 5-minute candlesticks and you can zoom in and out using the middle mouse button. As mentioned earlier, you have a vast selection of technical tools and the most popular indicators to apply to your chart.

Regarding option types, you can only trade turbo (60 seconds) and high and low options.
Expiry times for the high and low are 15 minutes, 30 minutes and 60 minutes. However, you also get to choose up to 6 minutes ahead of the current time with 1-minute increments. For example, if the time is 15:24, you can pick 15:25, 15:26, 15:27, 15:29 and 15:30 expiry which I think is pretty cool.

Should you open an account with Binomo? Overall, I feel like this broker is making a decent attempt in order to stand out. The last piece of the puzzle to make this a more reliable broker will be a CySEC regulation. To open a live account, you only need a deposit of 10$ and the minimum investment size is only 1 dollar which gives you room for 10 trades to try out the broker live – after you feel satisfied with their demo account. They also claim that your withdrawals will be processed within 3 days for a standard 10$ account and 4 hours up to 24 hours for VIP (requires deposits above $1,000). On the downside is the 10% fee in case you change your mind and wish to withdraw all your funds before you made trades that exceed twice the size of your deposit. For a 1000 deposit, what would be equal to 100$ fee which is way too much if you ask me.

The company address is Stagord Resources Ltd Vasileos Pavlou, 60 Agios Dometios, 2360, Nicosia, Cyprus and Tiburon Corporation Limited Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles.

Stagord Resources Ltd is the payment processor and operator for Tiburon Corporation Limited. They are located at Evagorou, 27, Irene Building, 4th Floor, Flat/Office 44, Trypiotis, Nicosia, 1066, Cyprus and are operating under the legislation of the Republic of Cyprus, registration number HE 338508.

Binomo Complaints

The broker seems to mainly target clients in Asia and primarily Russian citizens. The broker seems to mainly target clients in Asia and primarily Russian citizens, which makes sense because the FMRCC thing is Russian based. This makes it hard for us to find complaints written in English but I managed to find one on YouTube (also in Russian). What I could make out of it was a withdrawal issue that seemed to be connected with bonuses. In this case, I could not fully make out who was really at fault. Some commentators had mentioned it was the trader’s fault while others mentioned they didn’t feel like investing with Binomo after seeing the video. In the end, I think it was the typical complaint about not being able to withdraw and not having read the terms and conditions. If you understand Russian, here is the video about Binomo.

Binomo Regulatory Warnings And Announcements

18/12/2020: The Comision Nacional del Mercado de Valores (CNMV) (Spain’s financial regulator) has warned that Tiburon Corporation Limited (binomo.com) is not authorised to provide investment services. See full warning here.

Binomo Bonus

Their bonus offers changes from time to time but as a general rule, it seems to be ranging from 25% up to 100% (VIP account holders can get a 100% bonus). You need a turnover of at least 35 up to 40x times your deposit depending on the size of your bonus. If the bonus is below 50%, the turnover is 35 and all bonuses above 50% will have a turnover of 40 times. Until the turnover is reached, the client will be unable to withdraw any money from the account.

Binomo Withdrawals

Withdrawals are not charged for according to their website FAQ. However, the terms and conditions clearly state that should you wish to withdraw your funds before trading amounts up to at least twice the size of your deposit you will be charged a 10% fee. How much time the withdrawal takes depends on your account. Expect anywhere between 4 hours up to at least 3 days. Just make sure you have verified your account first by sending the required identification documents.

Binomo Ratings

User Friendly 17/20

The website comes in 17 languages including English, Russian, Polish, Spanish, Portuguese, Indonesian, Bahasa Melayu, Chinese, Vietnamese and Thai. There are free guides and strategies that are pretty good for beginners. The platform is explained under the “video section” but there are no other videos there. Demo accounts are available and so are mobile platforms.

Number of assets and expiry times 16/20

There are only two option types: 60 seconds and high and low. The expiry times for the high and low are 15 minutes, 30 minutes and 60 minutes. However, you also get to choose up to 6 minutes ahead of the current time with 1-minute increments. For example, if the time is 15:24, you can pick: 15:25, 15:26, 15:27, 15:29 and 15:30 expiry. The number of assets depends on the account type. VIP account holders get to trade the entire asset list while standard account holders only get to trade a handful of assets. There is no asset list on the site but according to other unverified sources, there are around 70-80 assets in total.

Commissions, Support and Effective return 17/20

There are no fees in general but if you have not exceeded trading volumes above twice of your deposit size, you are due to pay a 10% fee for the withdrawal. The live chat was not working so a thumbs down for the live support. Regarding payouts, the maximum percentage seems to be 87% which is very good. Gold clients can get up to 5% weekly cashback and the percentage increases to 10% for VIP clients.

Deposit, Payment and Bonus 16/20

Minimum deposit is just $10. The available deposit methods are as follows: VISA, MasterCard, Yandex.Money, QIWI, WebMoney, Neteller systems and Mobile Commerce. Withdrawals may take anywhere from 4 hours up to 3 business days to process, depending on the account type. There are various bonus offers and the required turnover is between 35 up to 40 times your deposit or depends on the bonus offer itself.

Website Extras 15/20

The biggest extra here is the “Hotkeys” feature which enables keyboard trading. You can choose the direction, increase or decrease your expiry and investment size with the already programmed keys. There are also tournaments and offers to the left of the platform. Traders can simply click them to read more about them.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
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  • Binomo
    Binomo

    Only For Experienced Traders!

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