Binomo Options Broker
Binomo
Details
| Broker | Binomo |
|---|---|
| Website URL | ✅binomo.com |
| Founded | ✅ 2014 |
| Headquarters | Dolphin Corp First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines |
| Support Number | ✅+8-800-555-7185 |
| Support Types | Phone, Email, Chat 24/7 |
| Languages | French, Russian, Spanish, Turkish, Bahasa, Indonesia, English, Chinese, Russian, Arabic, Portuguese, Hindi |
| Trading Platform | Proprietary Terminal Binomo |
| Minimum 1st Deposit | ✅ $10 |
| Minimum Trade Amount | ✅ $1 |
| Maximum Trade Amount | ✅ $5000 |
| Bonus | Welcome Bonus |
| Payout | Up to 90% |
| Free Demo Account | Open Demo |
| Regulated |
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| Regulation | International Financial Comission |
| Fees |
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| Fee Info | As with most binary options trading brokerages, Binomo does not charge their traders any commissions or fees for trading on their platform. |
| Commissions |
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| Commission Info | Zero Commisson |
| Account Types | DEMO Requires sign-up, STANDARD. Offered for accounts funded with $10 or more, GOLD. Minimum deposit of $500, VIP. This status is granted when you fund $1,000+ |
| Deposit Methods | Visa , Visa Electron, QIWI WALLET, Mastercard, Mastro, NETELLER, Yandex Money, FasaPay, Webmoney, Skrill, epayments, Boleto, Perfect Money |
| Withdrawal Methods | Visa , Perfect Money, Visa Electron, QIWI WALLET, Mastercard, Mastro, NETELLER, Yandex Money, FasaPay, Webmoney, Skrill, epayments |
| Trading Methods | Day Trading, Scalping, Momentum Trading, Swing Trading, Position Trading |
| Number of Assets | ✅ Over 100 |
| Types of Assets | ✅Forex, Crypto, Commodity, EUR/USD USD/JPY GBP/USD USD/CHF USD/RUB AUD/USD EUR/RUB USD/CAD EUR/CHF EUR/JPY AUD/CAD AUD/CHF AUD/JPY AUD/NZD CAD/CHF CAD/JPY СHF/JPY EUR/AUD EUR/CAD EUR/GBP EUR/NZD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/NZD NZD/CAD NZD/CHF Gold (XAU/USD) Silver (XAG/USD) BRENT Natural gas(NG) COPPER PLATINUM Estat NASDAQ Reversal 2х S&P500 Bitcoin Ethereum ETH/BTC LTC/BTC Ripple (XRP) |
| Account Currency | ✅ USD, EURO, BRL |
| US Traders Allowed |  |
| Mobile Trading |
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| Tablet Trading |
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| Overall Score | 97/100 |
Screenshots
Pros
- Minimum Starting Requirements
- Unlimited and Limit-Free Demo Account
- Trading Terminal With Multiple Features
- Traders' Tournaments
Cons
- No access for traders from the USA and a few EU countries:
Binomo Options Broker is a privately owed broker headquartered in Nicosia, Cyprus. Since they do operate on a global scale, this broker does have additional offices in other countries around the world as well. Launched in 2014, Binomo Options Broker offers a web based platform powered by SpotOption. Since they do offer impressive return rates on in the money trades, many desire to know what else this broker is prepared to deliver to binary options traders. Read on to find out.
Binomo Options Broker Trading Platform Features
As with most brokers today, Binomo delivers a platform which is simple to use. Tabbed trading options include Binary Options, Options Builder, One Touch, 60 Seconds, and Open Platform. Within each of these the trader will find the most current and recommended trading opportunities. Each trade can be completed in just a easy few steps. With SpotOption powering the platform, traders can rest assured that it is technologically advanced while remaining user-friendly.
Binomo does not currently offer mobile trading. No announcement has been made in regard to whether they do plan to offer this feature in the future. For now, those who enjoy the convenience of binary options mobile trading may want to partner with an additional broker who does offer it.
Binomo Trade Types
Binomo keeps trading simple by offering only a few trade types. The only options are the basic put/call trade, which is also available in the 60 Second variety, and One Touch. These types of trades are basic and will meet the needs of most binary options traders. The only notable type that is missing is the boundary trade.
Additional trade features are offered in the form of Rollover and Double Up. Double Up can be used to duplicate an investment which seems to be headed towards ending in the money. Rollover allows the trader to add time to the expiry time. This feature is often used when a trade seems to be likely to end out of the money. There is a percentage fee of 30% added to the investment amount when using Rollover. However, should the trade end in the money, a 30% higher return will be given to the trader.
Binomo Payout/Return Percentages
Binomo offers return percentages of as high as 81% on binary options trades that end in the money. The lowest payout percentages offered are between 70-87%. Additionally, once a week a high yield One Touch trade will be available with a payout percentage of as high as 500%. Refund percentages on trades that end out of the money vary from 0-10% depending on trade type and investment amount.
| Broker | Info | Bonus | Open Account |
|---|---|---|---|
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Assets: ✅ Over 100 Payout: Up to 90% Demo Account: Yes Min Deposit: ✅ $10 |
Welcome Bonus | Visit Broker Read Review |
Assets Available
All major asset classes are available, including indices, stocks, commodities, and currency pairs. Within these, binary options traders will find underlying assets which include 32 stocks, 15 currency pairs, 9 commodities, and 27 indices. The number of indices offered is particularly impressive, as many brokers tend of offer less than this. Clearly, Binomo is offered plenty of assets to choose from and presenting plenty of binary options trading opportunities.
Account types
No financial deposit is required to register an account with Binomo. A deposit will be required in order to start trading, however. Credit cards or debit cards, wire transfer and CashU are the accepted deposit methods. The minimum deposit amount for credit card and CashU deposits is $10.
Since May 2018, Binomo has been a category “A” member of the international Finance Commission. This speaks to the reliability of the company and guarantees our traders quality of services, transparency of relationships and the protection of an independent professional organization. By joining the Finance Commission, Binomo reaffirms its commitment to maintaining the highest standards of commercial honor and best business practices.
The minimum deposit on a bank wire transfer is $10 unless the trader is willing to pay a $25 fee for depositing less via this method. USD, GBP, EUR currencies are all accepted. There is no maximum deposit amount on bank wire transfer deposits. However, credit cards carry a maximum of $5,000.
The Standard account is available to traders with any experience level offers the full functionality of the trading platform.
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.
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%
VIP Account
- For large deposits, we offer an individual program account service and exclusive trading conditions.
- 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 Withdrawals
Binomo profit withdrawal options include: bank wire transfer, credit card, CashU, and Western Union. There are no fees associated with credit card and CashU withdrawals. Bank wire transfers carry a flat fee of $10 and Western Union withdrawals will be subject to the amounts charged by Western Union. The minimum withdrawal amount using any of these methods is $50.
Withdrawal requests may take up to three business days to process, with an additional 1-3 days needing to be allotted for actual deposit of the funds. These processing times are relatively standard within the binary options trading industry.
Binomo Customer Service
Customer service is available 24/7, with live chat, email, and telephone being the contact options. Binomo offers customer assistance in 12 different languages. However, English is the only language option for their website and platform. Email contact can be made using the “Contact Us” feature on the website, or by directly emailing: support@binomo.com. Contact phone numbers are listed Dolphin Corp First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines.
Binomo Trading Tools
Binomo does not offer much in the way of tools, but does provide the basics, including an 18-page step-by-step guide to trading. Here again we see this broker taking the more simplistic approach. This is not necessarily a bad thing, as many desire only a clean trading platform without all the bells and whistles. A demo account is a demonstration of a real account, the perfect tool for training before real trading.
Binomo Scam Alerts
A search for Binomo scam reports yielded nothing more than the typical complaints of traders who seemingly did not understand the risks associated with binary options trading. This is quite common, unfortunately, as many will start trading without understanding the risk assessment process. There are no signs of any real scam associated with this broker.
Trader Binary Conclusion
Binomo provides a solid trading platform that is free of distractions and quite user-friendly. The biggest problem noted would be their lack of mobile trading as an option. However, this problem can be easily overcome by partnering with more than one broker, which many binary options traders do anyway. The simplistic approach taken by this broker will make it easy to quickly assess their website and decide whether or not to trade with Binomo.
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