Binomo Review 2020
Founded in 2014, Binomo binary options is certainly one of the more experienced binary options brokers you can currently find on the market. Thanks to its various very attractive features, including extremely low financial requirements, the company has quickly made its presence known in the world of online trading.
But what exactly makes this broker so irresistible? Why are they really attracting so many traders? Well, this is the place where you can find all of that out. In the following paragraphs, you will find everything you need to know about the way this website works.
Yes, our Binomo review is certainly the most comprehensive one available at the moment, so allow us to introduce you to this impressive company. Let’s get started!
Binomo Review | Account choices
Binomo login is the first thing you have to complete when you come to this website, and it will allow you to access your Binomo account which can belong to one of four different types. The first is the Free account, an account that doesn’t require a deposit and allows you to participate in free tournaments. Should you decide to upgrade your Binomo account, for just 10$ (more about that process later on) you can get the Standard account. This allows you to participate in standard tournaments and gives you an 80% bonus. The next Binomo account you can choose is Gold, and with it, you get access to some new assets, your own personal manager, even investment insurances. 500 USD is all you need for this. Finally, we have the Binomo VIP account with even more assets, bonuses of 100%, and even individual offers! In addition to all of that, there is one more account you can open, but this one deserves its own section. Stay with our Binomo binary review and find out why we say that!
Binomo Review | Demo account
Practice accounts are absolutely necessary these days, so we are quite happy to report that the demo account here works perfectly and is very useful. Through it, you can easily test the Binomo trading platform and everything it has to offer without ever spending a single cent. That’s right; this account type is completely free of any charges and all of the platform’s functions will be available to you. As for the funds, you get 1000 virtual EUR with Binomo demo account, but this amount can be easily replenished (also without any charges) whenever you want. Of course, apart from testing the trading platform, you can also use this feature to hone your trading skills and then simply switch to a real trading account when you feel ready for the real thing. Binomo login for the demo account is just as simple as it is for a live account, and you can also complete it with your Facebook account. All in all, this demo account gives you everything you need to prepare yourself for the challenges of the live market. However, if you want to switch to a real account and trade there, you’ll need to deposit some real money. Read how that is done in the next part of this Binomo review.
Binomo Review | Depositing funds
Now we come to perhaps the most important part of the article. You see, Binomo deposit is what gives this company an edge over most of the competition. One of the reasons for that is that you have quite a lot of deposit methods to choose from. These include Visa and MasterCard cards, as well as online wallets like Neteller, WebMoney and Perfect Money, but things like Alfaclick or Promsvyazbank banking systems are also available. To top everything off Binomo deposit can also be made with two cryptocurrencies – Bitcoin and Litecoin.
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But all of that is just a warm-up for the main attraction – minimum Binomo deposit is only 10 USD, with the minimum amount needed to open a trade set to just one dollar. These are some of the lowest numbers you can currently get in the world of online trading, so we believe many traders will give this company a chance precisely for that reason. Your money is immediately available, and you won’t be charged anything for completing the process. What you will get is a prize for investing with the broker, but that belongs to the next part of this Binomo trading review.
Binomo Review | Bonus policy
It is not uncommon in this industry to get something extra when you make a deposit, and Binomo bonus policy follows the same path. Depending on which (real) account type you choose, you can double your money up to 5000 USD every time you make a transaction. But that’s just one way of getting a Binomo bonus. There are also regular promotions you can participate in and even promotional codes that can be entered by the trader to receive trading benefits. It must be stressed that bonus funds from this website can be withdrawn (not all brokers offer this), but you will have to meet a turnover requirement. The turnover depends on the size of the bonus you receive, and it will be 35 times the size of the bonus received for bonuses below 50% and 40 times the size of the bonus for bonuses above 50%.
However, in addition to all of that, you may also get a Binomo no deposit bonus here! Sometimes, if the company is in the middle of a campaign, they will hand out Binomo no deposit bonuses worth 15$ to their clients. This is another thing you don’t see in the trading industry often and an excellent proof of how much they want you trading here and how far they’re willing to go to make sure you’re happy. Gold and VIP accounts may also receive special offers that will include a no deposit bonus. But even without all of that, there is plenty to enjoy with this company. Keep reading our Binomo review and explore the core of this website with us.
Binomo Review | Trading platform
So, you’ve made your deposit, you’ve picked up your bonus and you’re now ready to trade. Where do you go next? Why, to the Binomo trading platform, of course. This exquisite piece of software was engineered by the broker’s own team and it really has a lot to offer. Like we say in our Binomo Scam Test, the platform draws quotes from several different agencies, so you can be sure you always have the most accurate market data. Furthermore, Binomo platform is also very quick and well designed, so you can easily monitor your active trades and examine your trading history whenever you want. That’s not the only thing you can do whenever you want, though – Binomo platform allows you to trade literally all the time, even on weekends.START TRADING WITH BINOMO.COM NOW!
The amount you can invest is between 1 and 1000 EUR/USD per trade, which leaves a lot of room for planning, especially if you’re a trader who doesn’t invest big amounts. Depending on your account type, the profit from each trade you make can go up to 90%. That is another very good number in the company’s arsenal because there aren’t a lot of brokers who can match this offer right now. Hopefully, you will enjoy all of this and be successful. Naturally, you can enjoy trading here if you’re on the move too, all thanks to a great mobile version of the platform. Don’t worry; our Binomo binary review will show you how it works next.
Binomo Review | Mobile trading
With the advent of smartphones, everything has become faster. We have the need to be constantly connected to the world around us and the same goes for the global market. Millions of people want to be able to invest with just a tap, and this broker is well aware of that. That’s why we have to take a look at the Binomo mobile app, a piece of software that allows you to trade whenever you want and wherever you are.
First of all, downloading this from your App Store or Google Play (yes, both iOS and Android are supported) won’t cost you a cent because the app is completely free. This means that everything you get from it represents excellent value, and you really do get a lot. Not only can you execute your Binomo deposits and withdrawals this way, but you also have access to everything you can do on the desktop version. All most notable features of the Binomo trading platform are still here, so you will be able to enjoy high payouts, demo accounts, equally low financial requirements and non-stop trading. The support is also easily accessible this way, but we will talk about them more later on in this article.
Another thing we have to mention about Binomo mobile app is the fact that the broker will deliver all sorts of interesting information to you this way. You’ll be kept up to date on all your transactions, the latest promotions that become available to you, and even trading tournaments you can participate in. So, apart from keeping you in touch with the market, this app will do a lot more. Let’s now move this Binomo review forward and take a look at an important process you will want to complete once you’re done with trading.
Binomo Review | How to withdraw?
Accessing the funds you earn through trading without any problems is extremely important, so that’s always the ultimate test of reliability for any broker. Fortunately, you have nothing to worry about here.
Binomo withdrawal methods are the same ones you can use to make a deposit because you have to withdraw the same way you funded your account. This is done in order to prevent any kind of money laundering or other illegal activities and is a fairly common requirement in this industry. You’ll be happy to know that there are no Binomo withdrawal fees you need to worry about, although do be careful because that may not apply to your bank. The speed by which your request is processed is another thing that depends on your account type, but in the worst case everything should be done within three days, which is quite acceptable. VIP clients, however, can expect their withdrawal to go through in just a few hours. The minimum Binomo withdrawal requirement is set to just 10 USD, which is just a continuation of the broker’s flexible financial policy. We never encountered any withdrawal problems on this website and can honestly say that every monetary transaction went through as expected. In short, this is a completely reliable and pretty fair process, so we can now go and see what else we have to cover in our Binomo binary options review.
Binomo Review | Tournaments
Very few brokers offer a way for you to compete against other traders, but this company is one of them. Yes, if you’re a competitive spirit, you can join a Binomo trading tournament and see how you stack up against everyone else.
The only thing you have to do to participate is to complete your Binomo login, check that you have enough funds in your balance to cover the fee, and then sign up. Mind you, when we say fee, that really isn’t a lot – some tournaments are completely free, while others will ask a 5$ participation fee from you, but we really don’t think this should be viewed as a problem. Once everything is ready, you and all other participants will receive 100 Binomo tournament currency units. The object is to have the biggest balance once the time is up.
If you can finish in top 20 traders, you will become eligible for a prize. How big your prize is will depend on the size of the prize fund (we found Binomo tournaments with funds ranging from 200 USD to 2000 USD). Once the competition is over, you will have to wait a bit to receive your prize, but this usually takes a couple of hours. It is important to note that you can execute a Binomo withdrawal as soon as the prize reaches you because there are no wagering requirements attached to it. Pure profit, that’s what you get in this case. But if you want to be a successful trader, no matter how you decide to trade, you will have to prepare yourself first. How? That’s the next topic of this Binomo review.
Binomo Review | Learn to trade
It would really be a shame if this article was to skip the educational materials you can access here because the broker obviously invested a lot of effort in providing you with everything you need.
First of all, you have a glossary. Here you can immediately get an impression of how much you can learn because the number of terms explained is very impressive. However, that is only the beginning. If you head on over to the Strategy section, you will find pages of interesting articles discussing various approaches to trading. No matter how good a trader you are, you are sure to find something that can help you here. Before you do that, however, you may want to check the videos first. They explain all the basics and advantages of trading with the Binomo platform and include, among other things, a tutorial for the Binomo mobile app, which can certainly come in handy. But education is not the only way this broker can help you. There is a whole team of people you can count on and they certainly deserve a paragraph of their own in our Binomo review.
Binomo Review | Need help?
Support and contact methods are often overlooked by traders, but they play an important role in your trading experience. If people you need to talk to are doing their job right, you feel much safer and can enjoy your trades more.START TRADING WITH BINOMO.COM NOW!
This company is well aware of that, which is why they’ve made sure you can reach them whenever you need something. You can call them by phone, send them an e-mail (a form for that is readily available on the website), follow them on Facebook, visit their YouTube channel, and even get a hold of them via Skype. This latter method is also something that gives you a sense of legitimacy because you can actually see who you’re talking to on the other side. The company’s address is also there, plus you even have the option of using live chat, which we found to be a very quick and efficient solution. But no matter which contact method you choose, you will be satisfied with the quality of service you get, that we can guarantee.
What surprised us a lot was the fact that there is a very vibrant Binomo Vietnam community out there. The broker has recognized that, and it offers its website in Vietnamese, as well as in several other languages, including Russian, Spanish, Chinese, Portuguese. and more. Of course, the support is available in each of these languages too (yes, even for Binomo Vietnam), but be aware that they are not available 24/7. Speaking of countries, we should say that Binomo doesn’t accept clients from US, Japan and Israel.
With all of that said, is there actually a reason to worry when trading here? Is there another side to this company that you can’t see on their website? To find that out, we contacted the traders themselves. More on that in the next part of Binomo review.
Binomo Review | Complaints
To summarize those last few sentences, is there a reason for complaints against Binomo? Well, nobody’s perfect, we’ll tell you that much, but the company really does conduct its business as advertised. That is not to say that people don’t think things could be better, but generally speaking, they are very pleased.
So, which Binomo complaints did we encounter? Well, some people think the platform could provide more trading options and some more useful tools, which is certainly a legitimate observation. Others believe that there is a need for implementing more options for withdrawal, such as the ability to postpone the transaction etc. But all these Binomo complaints are really not that important when you look at the big picture. Each and every single one of them was prefaced with a series of compliments, and only after insisting on something that could be improved did we get something that could be put in this part of Binomo review. Therefore, the overall impression of the company’s clients is more than positive.
And don’t think that we focused on one particular group of traders, either. From Binomo Vietnam, to Russia, and then other countries like Lithuania, Portugal and Turkey – all traders say the same. Therefore, we really believe we have nothing else to say. The only thing left to do is to give a short summary of what this Binomo review has taught us.
Binomo Review | Conclusion
Binomo binary options is a successful broker that has been on the market for years now and is showing no signs of weakening. Quite the contrary, their low financial requirements seem more attractive than ever, and the Binomo platform (which also comes as a Binomo mobile app) is continuously evolving to cater to all your needs. The bonus policy is also very impressive, with all those promotional gifts you can get and maybe even no deposit bonuses, just for good measure. Heck, you can even compete against other traders and win prizes that way if you want. The company is very careful to make sure you have a great trading experience on their website, which is why they’ve made many educational materials available and why they have an excellent support team. Because of all of this, traders from all across the world trade here – communities range from Binomo Vietnam to Russia, Spain, Turkey and so many others. So, open an account here and enjoy the very best binary options can offer. If this Binomo review can’t persuade you, what can?OPEN FREE TRADING ACCOUNT WITH BINOMO.COM NOW!
Hello! I’m Mark Watson, born and raised in Scranton, PA. I’ve been investing online ever since I started college at the University of Pennsylvania (go, Quakers!), where I was an undergraduate student of Economics. At first, I didn’t invest much, I was just hoping to get some extra pocket money, but with time I realized how math and patterns can actually be of great help in this line of work.
After a few years, I moved to London School of Business and Finance to continue pursuing my career in investing, and I eventually landed a job at Credit Bank Europe. The experience I got there was invaluable, plus it assured me that online trading was something I want to do for a living. Sure enough, I became a trading manager in 2015 with FXVC Online Trading, but a little while later I started working on my biggest project so far – BinaryOptionsTrading-Review.com.
The website is still going strong, and we have analyzed hundreds of brokers from all trading fields so far and helped hundreds of readers make the right choice. We also publish trading signals on a regular basis, which have proven to be accurate about 80% of the time!
And since the online trading industry is only growing, with cryptocurrencies and other similar products entering the fray, I am incredibly excited about what the next few years have in store for us. In short, if you want advice from a passionate trader, you’ve come to the right place!