Binomo is an online international trading platform. It is established in 2015. Binomo is a binary option trading broker with lots of features. But it is real or scam? let’s talk about that in this review.
Binomo has only binary options available for trading. Many trading brokers include forex trading as well but Bonomo doesn’t. Binomo has more than 30+ assets. It includes international currency pairs, commodities, and cryptocurrencies.
Binomo account registration is free and includes a refillable free Practice Account of $1,000. Binomo demo account is included with all three types of accounts. The minimum deposit is $10. Binomo has three types of account:
- Binomo Standard Account
- Access to the most traded financial assets with a fixed profit to 85%
- The ability to enter into trades by investing only $1
- Participation in tournaments.
- Top-up without limits.
- Ability to withdraw profits in up to 3 working days.
- Wide range of bonuses for new customers and active traders when accounts are topped-up.
- Technical support for all users.
- Binomo Gold Account
- Extended list of assets available to trade.
- Expedited withdrawal procedure for profits – up to 24 hours.
- Yield on trades up to 86%.
- The increased size of bonus accrual when funding the account.
- Investment insurance bonus instruments.
- Advisory services any matters arising in the course of trade, with a personal manager.
- Analytical support in the form of a number of trading strategies, proven by professional traders.
- Weekly cashback 5%
- Binomo VIP Account
- Our VIP-clients receive bonuses up to 100%.
- Trade profits reaches 87%.
- Ability to withdraw profits in less than 4 hours.
- The widest list of available assets.
- Investment insurance tools.
- In addition, there are a number of exclusive features that are only available to VIP-clients.
- Weekly cashback 10%
Binomo Platform Features
Binomo has a very simple and customizable interface. It is well equipped with tools, materials, and resources. Binomo has variety of indicators along with some skilled tools for trading. Binomo also has webinars to make learning easy for new traders. Binomo has an education section where a newbie trader can learn trading. Now talking about its actual trading platform, binomo has included a free demo account. Trading can be very easy as the platform has a very simplistic design. Talking about charts, binomo doesn’t have such high-quality charts to load on its website. In terms of indicators, it is working as per the needs but they also lag in terms of good quality graphics, then to it is perfect for trading.
During our review, we found that Binomo provides trading tournaments which is the best social competition in trading. Binomo provides “Free” tournaments with prize of $300. It also includes paid tournaments with a participation fee.
Binomo claims to provide profitability up to 94% on trades. We reviewed the available currency pairs, commodities, and crypto on our VIP Account and come to the conclusion that the max profit is up to 85% in the VIP account. So we asked to support and they answered that 94% profitability is only available during some promotional trading options.
After registration when you log in to the Binomo Login page. You will be redirected to the demo account with $1,000. Quality training from a wide range of proven methods to increase your earnings. Not only that you can compete with other traders in trading tournaments to show your trading skills and get awarded with a huge prize fund.
Binomo Review: Deposit/Withdrawal Methods
- Visa/Master card/Mastro
- CEP Bank
- QR Code
- Jeton Wallet
- Jeton Voucher
- Webmoney WMZ
- Perfect Money
Binomo Review: Regulations
Binomo has successfully passed an audit by Verify My Trade (VMT) and received a certificate of quality of trades. Financial Commission Category A. Regulated by the Financial Market Relations. The Compensation Fund is a service included with Financial Commission membership which provides protection up to €20,000 per case should a Member refuse to adhere to a judgment from the Financial Commission.
Binomo: 24/7 Support
E-mail Ask your question at email@example.com and get a response within 1 business day. Live chat is also available on the platform.
Binomo Review: Conclusion
Binomo seems to be a good choice for the new trader. During our review, we find some points like graphics which are average. Also, the withdrawal is processed for standard users is 1-5 working days which is slow. Binomo has low profitability ratios, a maximum up to 85% even in the “VIP” Account, but it also provides profitability up to 94% during promotional stocks. Binomo has lots of trading tools that make trading ideal. It also includes bonuses, free tournaments, free cash backs to “Gold“, “VIP” traders which is great. Our Binomo Scam Inspection has yielded only positive results, reiterating that the platform is definitely genuine With the lowest deposit of $10, it is a very good trading broker choice.
(Only if you are ok with low profitability, slow withdrawal, and low chart graphics)*