Binomo Broker Review (2023) ++ Scam or not? | Real test
Binomo
When you search for investment platforms, you will most likely find Binomo in the top rankings. But how good is this software? Is it a scam or a trusted partner for investing? – As a trader with more than eight years of experience, we tested online trading platform Binomo details, learn more about offers and conditions for limited time trading. Should you invest your money there? – Find out in our trusted broker review.
(Risk Warning: Your capital may be at risk)
What is Binomo? – Offered by the broker
Binomo is an international trading platform. for trading different types of assets This website is managed by Dolphin Corp with addresses of First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines. The company provides professional software for investing in various markets. You can invest in rising or falling prices and earn more.
This broker is active in over 133 countries and is very popular. Because you can start trading with very little money. Since 2015, the company has received many awards and prizes. In addition, Binomo has built a good relationship between the company and its traders. From our first experience It is a legitimate company to invest with.
Facts about the company:
⭐ Rating: | 4.7/5 |
🏛 Established: | 2015 |
💻 Trading Platform: | Binomo Web Trader |
💰 Minimum deposit: | $10 |
💱 Account Currency: | EUR, USD |
💸 Withdrawal limits: | no |
⌨️ Demo Account: | Yes, up to $10,000 |
🕌 Islamic Account: | no |
🎁 Bonus: | various deposit bonuses |
📊 Assets: | 76 trading instruments, currencies, stocks, indices and commodities |
💳 Payment methods: | online money transfer Credit and Debit Cards digital currency |
🧮 Fees: | no |
📞 Support: | 24/7 via chat and email |
🌎 Languages: | 11 languages |
(Risk Warning: Your capital may be at risk)
Is Binomo Regulated – Safety For Clients
Is Binomo a regulated broker? Before registering with any trading platform, you should check whether it is regulated or not. It is important for brokers and clients to use regulators to avoid scams. As mentioned earlier, Binomo is a law firm registered in Saint Vincent and the Grenadines.
In addition, the broker is regulated by International Finance Committee With the highest category “A”, which means a €20.000 Compensation Fund per complaint, the IFC is an international regulation that monitors Binomo online brokers and offers them a trusted certificate. If Binomo cheats their customers, they quickly lose this certificate. from our experience Fraud can be excluded from this platform.
In addition, Binomo only uses regulated payment methods for deposits and withdrawals. Client funds are managed in segregated bank accounts. It's not often that you hear people say that Binomo is a scam, you should be aware that high-risk financial products are being offered. Some people try to blame brokers when they lose money because they don't understand how to trade successfully. As a professional trader We can say that Binomo is a safe and reliable platform.
Regulations and safety:
- Binomo is regulated by the Financial Commission.
- Regulations Category “A”
- Compensation Fund 20,000 Euro
- Regulated payment methods
- separate client funds
(Risk Warning: Your capital may be at risk)
What can Binomo offer its clients? – trading conditions
Binomo offers to trade and invest in over 60 different markets. You can invest in rising and falling markets with a minimum trade amount of $1. If you want to open a real account, you need to deposit $10 or more. Binomo also offers a free demo account. as well You can test the trading platform yourself.
Take a look at the types of accounts offered by Binomo:
| USER ACCOUNT: | STANDARD | GOLD | VIP | PRESTY |
|---|---|---|---|---|
| MIN. DEPOSIT: | €/£/$10 | €/£/$500 | €/£/$1000 | €/£/$3000 |
| ASSET: | 40+ | 50+ | 75 | 75 |
| WITHDRAWAL: | up to 3 days | up to 24 hours | up to 4 hours | up to 4 hours |
| PRODUCT: | Max 85% in case of accurate forecasting. | Max 90% in case of accurate forecasting. | Max 90% in case of accurate forecasting. | Up to 90% in case the forecast is correct. |
| BONUS: | Max 100% | Max 150% | Max 200% | up to 300% |
| Refund : | no | 5% | 10% | 15% |
| SPECIAL: | ✘ | account manager | Investment Insurance, VIP Manager, Individual Offers | investment insurance VIP manager with early access personalized offer |
Trading is high risk. and it is possible to lose your investment. You can bid on rising or falling prices within a time limit. Profits, losses and expiration times are always limited. And you know the potential outcomes before you invest your money. There are only two options: you can lose your investment or get a return of up to 90% of your capital in case the forecast is correct. It is possible to trade short and long terms.
Binomo offers different markets to trade:
- currency
- share
- index
- commodity
Beginners can learn more about online trading using Binomo video tutorials and trading strategies. We will also explain to you how to trade step by step in the following sections. online trading The trading platform is very competitive compared to other competitors.
Conditions for Binomo traders:
- free demo account
- $10 Minimum Deposit Account
- account type
- Returns up to 90% in case of correct predictions.
- More than 60 markets and assets
- Trading both short term and long term
- Execute trades quickly
What are the pros and cons of Binomo?
Binomo is a very popular binary options trader. Due to the low minimum investment and high returns. We will take a closer look at what sets the broker apart from other competitors. And discuss the most important pros and cons after carefully testing the site.
Advantages of Binomo | Disadvantages of Binomo |
✔ The platform is very easy to understand. | ✘ Only binary options trading available |
✔ Clear indicator selection and customizable settings | ✘ The broker does not accept account registrations from the EU. |
✔ Regulated by the Financial Commission with funds up to 20,000 € covered | ✘ Some trading pairs are available only at higher positions. |
✔ Responsive customer support via chat Waiting time less than 20 seconds | ✘ No phone support |
✔ Regular tournaments with huge prize money | |
✔ Tons of reviews from happy customers online. | |
✔ Offer short and long trades | |
✔ The minimum trade amount is $1. |
(Risk Warning: Your capital may be at risk)
How good is Binomo's usability?
On the first site, the design and setup And the structure is quite similar to other brokers. What really stands out is the option to load the account with cryptocurrencies. Other than that, Binomo offers you all the features you need to get started quickly. Includes a short interactive introduction after you register for an account. in the table below. You will find our usage rating for Binomo.
criterion | score |
General website design and setup | ★★★★★ The design and structure make it easy to learn how to navigate the platform. even without any trading experience |
application process | ★★★★★ Quick and easy application process with interactive tours after registration. |
use of trading area | ★★★★ Very easy to understand trading area. There are appropriate indicators too. |
mobile app usage | ★★★ Android apps are great, but on Apple devices, this app has some drawbacks. |
Binomo trading platform test
The trading platform is the most important part of a trader. in the following section We would like to show you the functions of our software and the results of our tests. Binomo offers a professional trading platform for all devices. You can trade with your desktop computer or mobile device (iOS, Android).
The following platforms are offered:
- Binomo web platform
- Binomo android app
- Binomo iOs app
in the picture below You will see a screenshot of the web platform:
In our experience, the Binomo platform is easy to use and perfect for both beginners and advanced traders. You can customize the charts for your analysis as you wish. It is possible to use different types of charts. You can also add free drawing tools and indicators to perform technical chart analysis.
At the top you can choose the market you want to trade. Muli-charting This is done by switching between markets with just one click. On the right you will see the order form in which you opened your trading position, on the left you will access indicators. Trading strategies, news, tournaments and your account history.
Overall, you can quickly access all functions. The Binomo platform is very good for trading and analysis. in the following section We want to go into more detail.
Facts of the Binomo trading platform:
- Compatible with all devices
- easy to use
- multiple charts
- fast trading
- Professional analysis is possible.
- indicators and drawing tools
- chart type
- No delays and disconnections.
- comfortable to exchange with
Add indicators to the chart.
The indicators are very popular because you can create a trading strategy with them. Binomo offers more than 20 different indicators and also a drawing tool for analysis. Another important point to mention is that you can customize every tool on the platform. There are various settings Many for using indicators or drawing tools.
(Risk Warning: Your capital may be at risk)
Trading Tutorial: How to Trade With Binomo
As mentioned earlier, Binomo offers timed trading. To trade more than 60 markets, you can invest in rising or falling markets with expiration times. Before you start trading The results of trading will be limited. and you know the risks But be careful because the price at the end of the expiration time is the only price that matters. It could be an advantage or a disadvantage. We have traded several times which at the last minute. The trade turned out to be a success or a loss.
First, choose the market you want to trade and analyze it. You need to generate trading ideas in the direction you want to invest. Make predictions on the direction of the market. Then select the investment amount. You can start with only $1. After that, you choose the expiration time of the trade. Limited trading period Short-term or long-term trading is possible. You then invest in one direction. It is also possible to open multiple trades simultaneously.
Wait for the result of your trading status. The price must be higher or lower than your entry point. You can earn more if the market moves only 1 point in the right direction.
Step-by-step trading tutorial:
- Choose the asset you want to trade.
- Choose investment amount
- Choose an expiration time.
- Start trading long or short
- Wait until the time expires.
- Wait for the trade to close – successful or not?
Binomo Deposit and Withdrawal Methods
Binomo accepts many different payment methods. It depends on the country you live in and the available payment methods. You can deposit funds by electronic means such as bank cards, e-wallets. or online bank transfer. The minimum deposit is only $10 and there are no fees for deposits.
There are also no fees for withdrawals . Deposits can be made instantly. But withdrawals can take up to 3 days in our experience. Depends on account type
Binomo offers many different payment methods. But it depends on the country you live in.
Binomo payment methods:
- bank card
- ADVcash
- Jeton Wallet
- WMZ
- perfect money
- payee
- and many other methods
in terms of withdrawal Processing time varies from a few days to a few hours. from our experience Depending on the account status, Binomo processes withdrawals with higher priority. according to their website Processing time on standard accounts is up to 3 days, however, based on our personal experience. It will take nearly five days for the money to arrive. In summary, how fast you can withdraw your money according to their website.
standard account | gold account | VIP account | prestige account |
up to 3 days | up to 24 hours | up to 4 hours | up to 4 hours |
(Risk Warning: Your capital may be at risk)
Binomo Deposit Bonus
The broker offers a free deposit bonus for each deposit. This bonus can be up to 200% before you activate this bonus. You should know about the terms of this bonus. Keep in mind, there must be turnover of 35 – 40 times the bonus before withdrawal can be made. for more information You have to read the Binomo Agreement, but we can tell you that there are always conditions for bonuses. (trading volume)
Is there negative balance protection at Binomo?
Due to the nature of binary options trading You will never lose more than the amount you put in your trade. If your forecast is correct You will make a good profit If you're wrong You will lose your investment. Depending on your account level, Binomo offers you risk-free trading. and may compensate some or all of your unsuccessful trades in part or in full.
How does this broker make money from you?
Like most binary options brokers, Binario does not charge fees or commissions. But that doesn't mean they'll automatically be on your site. Binary options broker money when clients lose trades. Basically Brokers are playing the other side of trading. This means that if you bet and win You get money from the broker and if you lose, the broker keeps your money.
Here's a quick example. Suppose you are trading binary options with Binario which offers 75% payout on winning trades. You place a $100 trade expecting the price of Bitcoins to rise within the next hour. If your prediction is correct, you will receive an initial $100 plus $75 for a total of $175. You will lose your initial investment of $100 which the broker wins.
What are Binomo's VIP and Prestige statuses?
If you invest at least $1000 for VIP status or $3000 for Prestige status, you will not only get access to all trading assets Faster Withdrawals and a large deposit bonus There are other benefits. related to status. These benefits include:
- loss compensation
- insurance investment
- Access Special Offers
Binomo support and service for traders
Binomo offers 24/7 support in more than 10 different languages for each client. You can use the chat or email function to contact support and service. We have tested the support and we can say that the broker answers our questions very quickly. There is also a large study area on the platform where you can quickly find frequently asked questions.
SUPPORT: | AVAILABLE: | LANGUAGE: |
|---|---|---|
chat, email | 24 hours a day | more than 10 languages |
(Risk Warning: Your capital may be at risk)
Learn how to trade with Binomo
If you are a beginner in trading Finding a good trading strategy for the market is difficult. on the internet You will find different methods. Fortunately, Binomo has educational materials for each trader. Sometimes there are live webinars. And you can also get coaching from an account manager.
On the platform you will find trading strategies provided by Binomo:
Trading strategies are intended for both beginners and advanced traders. We recommend starting with a beginner's strategy and learning step by step about trading. There are many articles and video tutorials where you can learn how to trade. All in all, Binomo knows how to provide good customer service. Brokers want to build a long-term relationship with each trader.
races and competitions
The last point we would like to mention in this review are contests and contests on the Binomo platform. You can participate for free or pay a small entry fee. You will be provided with a separate trading account where you can trade and earn rewards. There are tournaments with small prize money and big prizes. It depends on the competition.
On the left side of the Binomo trading platform you will have access to contests. It's a good way to earn more when you are a good trader. The first ten traders will receive a prize. But keep in mind that you have to be good at trading. In a nutshell, contests are another advantage of Binomo. Few brokers offer trading contests.
(Risk Warning: Your capital may be at risk)
What are the best alternatives to Binomo?
Trading binary options is quite risky. But it is a simple and easy way for new traders to gain their first experience. While most advanced brokers move to other brokers after a while, Binomo remains the safest investment platform you can find. Here are three of our favorite alternative brokers.
Review summary: Binomo is a reliable online broker.
on this website We have shown you the facts and our test results about Binomo. We tested this broker with real money. And now we can say that this is a legitimate company to trade with. Binomo offers very good conditions for all its clients. There are no hidden fees or scams.
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 the mobile version. There are many tools to analyze the market. You can earn up to 90% return in case of correct prediction in 60 seconds. Customize orders as you wish.
from our experience we can recommend Binomo online broker for everyone who wants to invest online.
Advantages of Binomo:
- Official and regulated company
- Get started with a free demo account.
- Minimum deposit $10 only
- only $1 investment amount
- professional trading platform
- More than 75 marketplaces
- Return on investment up to 90% in case of correct prediction.
- Short-term and long-term trading
- 24/7 support in different languages
- Educational materials and trading strategies
- Tournaments with lots of prize money
Binomo Review
summarize
„Binomo“ is one of the best trading platforms. It offers competitive conditions and low spreads.
Binomo is one of the best platforms for online trading. The company offers comfortable conditions for each client 
(4.7 / 5).
(Risk Warning: Your capital may be at risk)
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