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Binomo Scam or not? – Broker Review 2020
|Review:||Regulation:||Min. Deposit:||Demo Account:|
|(4.7 / 5)||IFC||10$||✔ Free|
Is Binomo a scam or a reliable Broker for Binary Options? – Read more about it in this review of 2020. Nowadays it is hard to find a good broker because diversity is quite large and there are some scams outside. In this review, I will show you the facts and conditions of Binomo for traders. Is it worth to invest real money or not? – Find it out in this article.
The official homepage of Binomo
What is Binomo? | The broker presented
Binomo is an international broker for Binary Options. The company was founded in 2020 and is based in Seychelles. The website is running by Tiburoan Corporation Limited and they got branches in different countries around the world. At the moment the most active countries are India, Indonesia, China, Brazil and Asia. The broker is regulated by the IFC (International Financial Commission) and certified by the CROFR. This information about the broker makes a first good impression on me.
The broker provides you the opportunity to bet on rising or falling markets with Binary Options to get a high profit in a short time horizon. They offer a diversity of more than 200 assets to invest. The customer base is rising continuously since the start of the company. In addition, the Binomo always tries to improve their service and offers for traders.
- Broker since 2020
- Based in Seychelles with different branches
- Start with a small deposit
- High asset profit
- No hidden fees
Is Binomo regulated ? – Regulation and safety of the broker
Many traders are asking: Is Binomo safe? – The truth is that the company is regulated by the IFC (International Financial Commission) since May 2020. In addition, the broker is certified by the CROFR. That makes Binomo one of the safest in the CIS. The regulation is very important for international traders. If there is a fraud, the broker would lose the license quickly.
The IFC is an independent and neutral commission for the financial markets. The broker is a member of category “A”. This is the highest level you can achieve by this regulation. In other words, there are different benefits for traders now:
Official regulation of the company
- Protection: Clients funds are protected up to 20.000€. This is a compensation fund which covers the amount. For the unlikely event, the fund would cover you if the broker goes bankrupt.
- Court: Traders get access to neutral and international tribunal and judgment. If you got any problems with the broker, you can complain to the IFC.
- Fast Support: The IFC provides you with fast service and support. There are working employees all around the world.
Review of the conditions and offers for Binomo traders
Binomo offers to invest in rising or falling markets with Binary Options. It is like betting on a certain time horizon (read more below). There are more than 100 different assets to trade. You can trade Forex, Stock, Commodities, and Cryptocurrencies on the platform. Another point to mention is that the broker works 24/7. You can trade on the weekend with a high return on investment.
The asset profit is high to 87% for Binary Options. You can trade short-term or longterm trader. There is a big diversity of expiry times. If you add more than 1000$ to the account, you will get a VIP-status with a higher asset return. Besides, there are no hidden fees for you! They do not charge you any commission of deposit or withdrawal funds.
Beginners or advanced traders can start with the minimum deposit of 10$. This is a very small amount of money and clearly an advantage of Binomo. Also, the minimum investment amount for a trade is 1$. You can trade any asset with only 1$ and without fees. In conclusion, the conditions are one of the best in the world compared to other Binary Options Brokers.
|Type:||Assets:||Asset Profit:||Minimum Deposit:||Minimum Trade:|
|Binary Options, Digital Options||100+ Forex, Commodities, Stocks, Crypto||87%+||10$||1$|
Test of the Binomo Trading Platform
Is the trading platform of Binomo good as it looks? In this section, I will show you transparent the platform and the functions for traders. Binomo offers a web-platform and a mobile app. On the platform, you get direct access to more than 100 assets. The platform works 24/7 and you can trade on the weekend Cryptocurrencies. Binomo provides video tutorials and guides for beginners to learn more about the platform. In addition, you can ask support for help.
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The platform is unique and programmed by the broker. The platform looks clear and well structured for the first impression. It is possible to customize it and do an extensive analysis of the chart. Use different chart types, indicators or other tools for technical analysis of the asset. After that, you can make your forecast and earn a high amount of money.
Furthermore, the trade execution of Binomo is one of the fastest. There are no lags or connection problems. The platform works smoothly and is very flexible too. You can customize the chart as you want.
On the right side, you see the trading dashboard for the execution of traders. It is clearly structured and you can use hotkeys for trading. This is a unique advantage of Binomo. On the left side, you get access to different options of the broker. Look at your trading history, learn new strategies, use the news calendar and more.
On the upper side, you can choose any asset for trading. It is possible to use multi charts and open more than 1 chart. So you can switch easy and simple between different assets to carry out different strategies. In conclusion, the trading platform is easy to use for beginners and advanced traders. There are a lot of functions for trading success.
Facts about the platform:
- More than 20 indicators
- More than 100 assets
- Mobile Trading
- Very fast trade execution
Professional charting and analysis is possible
For successful trading charting and analysis is very important. In the next section, I will show you the functions of the trading platform. With Binomo you can use more than 4 different chart types which a necessary for professional strategies. The best-known chart type is candlesticks. With special patterns, you can predict the turnaround of the market.
- Mountain chart
- Line chart
Use more than 5 different timeframes for the analysis. This is a little disadvantage because other brokers provide more than 5 different timeframes for the chart. It is important to choose the right timeframe for the setup of a Binary Options trade. The financial product depends on a certain expiry time.
- 5 seconds
- 15 seconds
- 30 seconds
- 1 minute
- 5 minutes
For technical analysis, you can use technical drawing tools or indicators. There is a huge range of different drawing tools which makes the broker unique. Use horizontal lines, Fibonacci, trendlines and more.
Also, more than 20 different indicators are available on the platform. Choose an indicator and customize it by yourself. You can choose different settings for the periods of the indicators and more. In addition, there is a description and tutorial for the indicator. In the section “strategies” you can read about the collaboration between different indicators. They are powerful tools to make a high profit with Binary Options.
In conclusion, the trading platform is user-friendly and flexible. Beginners should feel comfortable within a few minutes. The biggest advantage is the clear structure of the platform. I like the design. Furthermore, you can customize it very fast in a few seconds. Try it with the demo account.
Binomo Trading Tutorial – How does an investment work?
Binary Options is a simple financial product. In this simple and short tutorial, I will shoud you how to trade successful. You can bet on rising or falling markets at a certain time horizon. Choose the expiry time of the trade and go short or long. After the expiry time, the trade automatically closes and you get a high payout or you lose your invested amount.
Predict the price direction of an asset and trade in the direction you want. No matter how much the asset is moving in your direction the price only has to be upper or under your entry point to get a fixed profit. The profit depends on the traded asset.
The risk is limited to the investment amount. You can only lose your investment amount and win a fixed profit. This is an important point because there are not a lot of financial products where the risk is limited.
Make your forecast
Example: GBP/USD – 85%:
You invest the amount of 100$ and make the forecast for the market. If you are right after the expiry time, you win a high amount of 185$. 100$ is the return of your investment and 85% is the profit. Binary Options are available on a different time horizon. It is possible to get a high profit in a short time horizon like 30 seconds.
Step by step trading tutorial:
- Choose any asset and analyze it
- Make a forecast of the price movement in the future
- Choose an expiry time
- Invest any amount starting 1$
- Click Call (long) or Put (short) to open your trade
- Earn a high amount of money if you make the right forecast
Losses and emotions are the biggest enemies of a successful trader. Therefore it is important to use sensible money management. If you lose a huge amount of money, you will trade irrational and lose more money in the future. Sensible money management should be not more than 1% per trade of the account balance. The advantage is that you can cope with a losing strike without getting emotions.
Binary Options are risky too. You should not invest money which you can not afford to lose. Profits are not guaranteed but there is a chance to earn a lot of money with the right knowledge.
Mobile Trading (App) for any device
Also, Binomo offers mobile trading for every client. The app is available for smartphones and tablets. You can use any devices whether it is Apple (iOS) or Android.
Nowadays mobile trading is very important. React directly to market news or proof your portfolio on road. It is possible to earn money with your smartphone. The app works smooth and structured like the web version. The execution of trades is very fast and you can use the same functions as in the web version. The offer of mobile trading completes the portfolio of Binomo.
How to open your free demo account with Binomo
The demo account allows you to trade with virtual money. There are some different advantages of it which I will show you in this section. Especially beginners should practice with the demo account before they invest real money. In addition, advanced traders can use this account too to improve their strategies or learn to trade new assets. You trade without risk. The demo account is the best option for getting more knowledge about the trading platform and the financial product.
Binomo offers you a free demo account with a 1000$ deposit of virtual money. It is completely free and you can use this account as long as you want. It is unlimited. If you lose money, you can recapitalize this account with one click. On the other hand, you can change between the demo account in few seconds! Every good broker provides a free demo account. So Binomo is one of the best brokers.
Open your free demo account
Open your real account
The demo account is linked to the real account. Switch between these accounts with one click. For trading with real money, you have to fulfill the account form. The broker needs additional documents and personal information. For withdrawal profit, the account has to be verified. The verifications take some time of fewer than 24 hours. Just upload a photo of your passport and get the verification. After that, you can use all the functions of the real account of Binomo.
In conclusion, the account opening with Binomo is very easy. The sign up lasts only a few seconds. Use the account currency dollar or euro to open the account. There are no hidden fees for you and it is completely free.
Honest Binomo deposit and withdrawal review
The minimum deposit is only 10$ and the minimum withdrawal is only 10$. You can capitalize your account with different payment methods. Binomo offers Creditcards, E-Wallets or Cryptocurrencies for your deposit. Also, the withdrawal works with these payment methods.
The withdrawal process works fast as the deposit. If you make a profit, you can withdrawal it directly on the platform. Surprisingly there are no commissions for your transaction. This is a big advantage of Binomo. In addition, it is secure and the withdrawal system works fast. They pay out in less than 24 hours.
The Binary Options Broker offers you a bonus (read more below) too. It is possible to get a 100% bonus of your first deposit. Furthermore, there are different account types (read more below). In conclusion, I proofed the payment system and there was no scam for my deposit and withdrawal. It works very fast and reliable.
- Credit Cards (Master/Visa)
- Qiwi Wallet
- Cryptocurrencies (Bitcoin, Litecoin)
- Perfect Money
Bonus and conditions for traders
Binomo offers different types of bonuses for traders. The bonus for the first deposit is very popular because you can trade with more risk or money. Always before you activate a bonus you should read through the bonus requirements.
Example: You do a deposit of 5000$ in your account trade with the money management of 1% each trade. The investment amount is 50$. If you take a bonus of 100%, your account balance is 10.000$. Now you trade with the investment amount of 100$ each trade if you use the money management 1% of your account balance. The bonus allows you to grow your account more quickly.
The Bonus is a good way to increase your account balance for free, but be aware of the conditions.
The broker offers different types of bonuses and there are different requirements. The bonus can be deactivated only if you do not trade after the activation. The bonus cannot be deactivated after you start trading with it. The amount of the bonus depends on the promotion and the amount of deposit. For bonuses of the amount of 50% or more the turnover is x40. The turnover for bonuses less 50% is x35. Sometimes they offer a no-deposit bonus. Also, there are time limits for the activation. In conclusion, a bonus is one of the best tools to grow your account but you should read through the bonus conditions before you activate it.
Different account types are available
Binomo offers 4 different types of accounts. The status depends on the deposit amount. This is another good feature to improve the experience from the clients of Binomo. With a higher account type, you can get special features and more profit. In this section, I will show you the different types of account. See the advantages of a higher deposit.
Everyone who deposit the amount of 10$ get the standard account. You can use the full functions of the trading platform.
- Fixed profit to 85%
- Minimum investment amount is 1$
- Participation in tournaments and contests
- No limits
- Withdraw in less than 3 days
- Technical support
In the gold account there are more special events and privileges, which could increase the profit of a trader.
- More assets are available (100+)
- Fixed profit to 86%
- Get a higher bonus
- Personal account manager
- Education from professional traders
- New strategies
- Weekly cashback 5%
The VIP account offers you the best trading conditions.
- Bonus up to 100%
- Higher asset profit up to 87%
- Withdraw in less than hours
- More available assets
- VIP support and education
- Weekly cashback 10%
Review of the tournaments for traders
Also, Binomo offers contests for traders. It is a good way to earn a huge amount of money with a small investment. There are different types of contests. Some tournaments are free to use and some tournaments have to be paid. The participation fee depends on the contest.
Often the goal of the tournament is to get a maximum balance at the end. You compete with other traders on the platform. If you lose money, the contest is no over. You can rebuy and start again.
The prize fund is quite large compared to other contests. The winner does not get the whole prize fund. The money divided up to the first 30th places but it can depend on the contest. There are a lot of different conditions and each contest is unique. In conclusion, I like tournaments because the return of investment can be huge. Surprisingly sometimes you can win an iPhone XS or other valuable prizes.
The market for Binary Options is growing continuously. Binomo is an international broker who tries to accept more and more countries. There are some forbidden countries: EU, USD, and Canada.
After all the market in Asian and Africa is growing very fast. Now they offer support in more than 20 different languages: English, Thai, India and more. The most traders are from:
Is Binomo legal?
I can recommend that Binomo is a legal company. Binary Options are allowed to trade in India, Australia and more. It is like betting on a rising or falling market with fixed risk.
Are Binomo Robots, bots, and automated trading allowed?
There is no possibility to use automatic systems with Binomo because they offer a unique trading platform. For example, expert advisors are not possible to use. In addition, the broker does not provide signals or social trading for its clients. Binomo prefers that the traders trade with their own knowledge.
Automatic trading on the platform is prohibited and can block your account.
Be careful with Robots, bots, or automated systems for Binomo. They are a big scam for your money. Binomo can delete your account without warning if the broker finds our that you use a bot. Moreover, 99% of all robots and bots are a scam from my experience. They do not work profitable, so you should not try these programs.
But Binomo offers a big education center where you can learn different strategies by yourself. This is a good way to improve your profit and another option.
Robots are not allowed with Binomo.
Review of the Binomo customer service and support
Binomo offers 24/7 support via phone, chat, email or skype. From my experience, the support works very fast and professional. There are specially educated employees who answer your questions. Furthermore, they offer an account manager for gold and vip clients. It is a personal manager. You can arrange a personal session to learning more about trading and new strategies.
All in all the support is reliable and very fast. I tested it in many ways and the live-chat is the fastest one. Just click on the symbol in your platform and you can directly ask questions. Finally, they offer a big FAQ and education center. There are video tutorials and guides for trading. More than 50 videos are available.
|Phone, Chat, Mail, Skype||24/7||Account managers||Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles|
Conclusion of the Review: Is Binomo real or fake? – Good choice for an legit broker
Binomo is interesting for beginners and advanced traders. In this review, I showed you the conditions and offers for traders. After you read this review you should decide for yourself if you want to invest your money.
In my opinion, Binomo is a reliable broker for Binary Options. They offer everything a successful trader needs. Start trading with just 10$ in your account or try the demo account for practice the platform. Beginners should feel comfortable with the support and the education center. The service is diversified and professional.
The conditions are at its best with Binomo. Trade with a high asset profit and earn money in a few seconds. Binary Options are risky but with this broker, you are on a good way to earn money. Also, the broker is very safe because of the regulation and it can be used as recommending the company.
Should I create an account with Binomo?
Personally, I think it is a very good broker for financial investments. In this review, I showed you the advantages of the platform. There are no disadvantages and it does not look like a scam for me. Especially I tested the broker with real money and the platform works fine.
If you search for a professional Binary Options Broker, you should register with Binomo.
Advantages of Binomo:
Start with a small investment amount 1$
Flexible and user-friendly platform
Huge asset diversity
High profit of 87%+
Fast trade execution
Good service and support
Fast withdrawal system
Disadvantages of Binomo:
Little choice of timeframes on the trading platform
At the moment Binomo is one of the best Platforms for Binary Options (4.7 / 5)
Binomo Broker 10$ Small Minimum Deposit and Free Demo Account Without Deposit! Focusing on high stock exchange standards, Binomo Broker is loyal to all its clients. Whether you are an experienced… more
|Headquarters||Stagord Resources Ltd Vasileos Pavlou, 60 Agios Dometios, 2360, Nicosia, Cyprus|
|Support Number||8 800 555-71-85|
|Support Types||Phone , Email , Live Chat , Skype|
|Languages||English , Russian|
|Minimum 1st Deposit||10$|
|Minimum Account Size||10$|
|Minimum Trade Amount||1$|
|Maximum Trade Amount||2000 GBP|
|Bonus||A weekly demo account tournament – each Thursday! Win Free Money Without Deposit! Free Options Worth up to 150$, up to 140% Deposit Bonus & Risk Free Trades!|
|Payout||up to 95%|
|Free Demo Account|
|Account Types||Real Money Account , Free Demo Account Without Deposit|
|Deposit Methods||Credit / Debit Cards , Skrill , Neteller , WebMOney , Yandex etc|
|Withdrawal Methods||Credit / Debit Cards , Skrill , Neteller , WebMOney , Yandex etc|
|Number of Assets||50+|
|Expiry Times||Starting from 30 Seconds|
|Option Types||Turbo , Binary|
|US Traders Allowed|
10$ Small Minimum Deposit and Free Demo Account Without Deposit! Focusing on high stock exchange standards, Binomo Broker 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.
Binomo Broker Advantages:
- Free Demo Account Without Deposit – Click Here To Open An Account
- Small Minimum Deposit – 10$ Only
- Small Minimum Trade Size – 1$ Only
- A weekly demo account tournament – each Thursday ! Win Free Money Without Deposit!
- Free Options and up to 140% Deposit Bonus
- Risk Free Trades – Binomo will insure your first transactions for free
- up to 95% Profit / Trade
- 30 Seconds Trading Available
- Mobile Trading Platform
- “Non-Stop”, trading mode
- Open weekends and holidays
- Monthly Trading Contests with Great Prizes
Sign up and get $1000 on a demo account. Improve your trading skills with Binomo – the binary options market leader.
Binomo broker is fully cooperating with customers worldwide, ensuing the most exciting, profitable and exclusive trading conditions with unbeatable returns up to 95% per trade. Transparency being an integral part of its operations you can be sure of up-to-date market quotes and ease of deposits and withdrawals. This allows for a high degree of trust and reaffirms its positive investment climate.
To be able to practice your trade skills and test your trading strategies, Binomo provides traders with a Binomo demo account, which includes virtual $ 1,000 with the possibility of an infinite automatic replenishment to Binomo demo account virtual money. This allows you to use Binomo demo account indefinitely and begin trading for real only when you are sure that you are ready for this.
Also, it is worth mentioning that the platform of Binomo demo account is 100% similar to the real platform, which is considered to be one of the best in the options market!
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.
Binomo binary options broker has been around since the year 2020 offering her clients reliable services without conflict of interest. You can start trading from just $10 deposit.
|Headquarters||Cyprus / Seychelles|
|Support Number||+441143033932 ( Uk ) , +23414408171 ( Nigeria )|
|Support Types||Email , Phone , Live Chat|
|Languages||English , Bahasa Melayu , Bahasa Indonesia , Thai , Chinese , Vietnamese , Korean , Hindi , Russian , Portuguese , Español ,|
|Minimum 1st Deposit||$10|
|Minimum Account Size||$10|
|Minimum Trade Amount||$1|
|Free Demo Account||Open Demo|
|Regulation||International Financial Commission|
|Deposit Methods||Credit Cards , Webmoney , Neteller , Mobile Commerce , Coinpayments ( Bitcoin & Litecoin wallets ) and ePayments ( South Africa, Nigeria e India )|
|Number of Assets||80|
|Type of Investments||currencies, crypto, stocks, indices, commodities|
|US Traders Allowed|
- 25% Deposit Bonus ( 100% Bonus VIP accounts )
- Minimum Deposit of only $10
- Minimum Trade of $1
- Max. 95% Payout
- $1,000 Virtual Funds ( Demo Account )
- Weekend trading
- Free Training
- You can’t buy cryptocurrencies
Last Binomo review update: April 1 2020
Review of Binomo: Overview
A vast majority of people do not succeed at trading because of the total control trading offers. As a trader, you are saddled with the responsibility of when to get in and where to get out. Not forgetting the dilemma of whether you should be doing a risk-reward ratio of 1:1, 1:2 or 1:3 etc. You see, the average human is not built to handle such wide range of decision-making process.
This is a major reason why binary options, a variant of trading are gaining rapid popularity within the trading community. Your next options trade is just a click away, which could be either a Put or a Call option, assigned with your preferred risk amount and expiration time. This popularity in the space has also attracted the attention of brokers who happen to be imposters, with malicious intent. Most of these brokers use unethical means to extort funds from unsuspecting clients.
Finding a reliable, trustworthy and team player broker can be like finding a needle in a haystack. This is why I will like to do a review on a broker that recently caught my attention.
Binomo binary options broker has been around since the year 2020 offering her clients reliable services without a conflict of interest. You can start by clicking the signup button, which requires a few minute of your time. For starters to options trading, I would recommend you subscribe to the Binomo training course as well as receiving weekly analytics upon reading and accepting the client agreement.
The guys at Binomo are inclined towards modern technologies and how it can be used to give clients seamlessly, interactive, easy to use yet robust and secured trading experience. So do you enjoy a mobile trend experience, web-based, or you are old school like me who enjoys the good old and reliable desktop? Binomo options broker has got you covered. They have mobile platforms in both Android and iOS apps available for download on the app-stores.
Whichever form of the platform you decide to use, they are generally of the same orientation. Select the asset you are interested in trading, followed by the amount you are willing to trade and the expiration date. Depending on the prediction for your chosen asset, executing a Call or Put option can be done by clicking on either the green or red button on the right panel of the platform. With this, you have concluded a binary options trade which is available for you to monitor on the dashboard of the trading platform.
Binomo Trading Platform
The panel at the bottom left corner of the trading platform contains functionalities for choosing your preferred chart type, time-frame, indicators and drawing tools
Chart Type and Time-frames
Based on your choice, you can have the time series for the chosen asset displayed as Mountain, Line, Candle, or Bar charts. For ease of monitoring the expiration time or carrying out analysis, time-frames from a second to five-minute time perspective can be selected.
Drawing Tools and Indicators
You can chose horizontal lines from the panel to establish support and resistance levels using horizontal lines and other available chart objects.
Binomo trading platform has the most popular trading indicators available to aid in your prediction of market direction. My favorite being the MACD (9,21,5), and RSI indicators. Your choice may be different.
Assets offered for trading
Based on my experience as a trader, I discovered that trading can be like trying to shoot a moving target. Money flows from one asset to another, and one time-frame to another. With this understand, I for one subscribe to a broker that gives different choice of trading a lot of assets. On the Binomo trading platform, you can place binary options trades on shares, stock indices, commodities, Forex Pairs, and Cryptocurrencies.
Types of Accounts
At Binomo binary options, you have different trading account types to choose from, depending on your trading experience.
If you are considering a no-risk way to test your trading strategy, or you’re on your first journey into trading, this account type is best suited for you. Once in a while, I often utilize the demo account to test a trading idea I’m working on. I consider this to be less risky, considering that real money is not involved. The Binomo demo account equally allows traders to test their trading platform. Restoring the demo account to the starting balance is possible by a click of the refresh symbol on the platform. So you can practice over and over again till you get familiar with the platform, as well as find a winning trading system.
No amount of practice on a demo account can substitute for experienced trading on a live account with real money involved. This is where your psychology is put to the test. In your journey as a trader, at some point, you have to open a live account. One of such is the Standard account with Binomo. Making a trade on a Binomo standard account can be entered with just $1starting with a $10 deposit in your account.
The standard account offered by Binomo is designed in such away that people with little or no experience can come into the world of binary options trading without having to save a lot of money to get started. With a standard account, you can enter for periodic competitions hosted by the broker. Check out the image below for details on this account type.
One important rule I learnt early in my trading career is to never fall in love with my trades or asset class. More trading instrument means I should only trade where the opportunities are. The Gold account offered by Binomo grants traders accesses to a wider range of asset class, as well as other benefits such as higher yield on trade compared to the standard account; access to a personal manager and strategy support from proven professional trader’s analysis.
The starting deposit required for a Gold account on Binomo broker is $500. With this, you should be able to earn a decent profit if you follow a profitable trading system, or leverage of the professional advice offered. The screenshot below highlights the features of a Gold account.
This is the account I will recommend for whales, though the bonuses offered on this account type can be really attractive, I will not recommend it for beginners. It is, however, suitable for experienced professional traders who understand how the market works and now handle trading as a business. Such individuals or corporations should require some sort of insurance on their capital. Well, the Binomo VIP account has got you covered in this regard alongside offering 10% weekly cashback.
Minimum deposit and Bonuses offered
Minimum deposits offered on the Binomo broker varies depending on the account type opened. Generally, the minimum deposit required to start trading on a live account is $10 on the Binomo Standard account. The minimum deposit for Gold and VIP accounts is $500, and $1000 USD respectively. Clients with on a VIP account can leverage off a bonus of 100%.
Binomo , categorized payout based on the asset traded and the account type you operate with them. You can find the payout for each asset you want to trade besides the asset name in percentage. For a Standard account, the maximum payout is 85%, while it is 86% and 87% for Gold and VIP accounts respectively.
Deposit and Withdrawal option
Withdrawing funds from your Binomo account depends on the type of account you are operating with the company. Preferential treatment is given to clients running a VIP account, which takes less than 4hours. Withdrawal form a Gold or Standard account takes up to 24hours and 3 working days respectively.
Deposit and withdrawal platforms accepted by Binomo binary options include Mastercard, Visa, Maestro, Neteller Qiwi wallet, and cryptocurrencies.
This is one area some companies do not do well at all. Binomo broker takes their customers very seriously. Their customer support is available 5 working days; on the other hand, you can also create a ticket on the ticket page.
Binomo Review: Summary
Working with an experienced broker with customer success as a top priority can be difficult to find these days. However, through consistent customer satisfaction and being able to stand the test of time, Binomo will be on my top list of recommended brokers.
Always remember to trade responsibly, don’t forget to read the customer agreement, and related documents.
Best Binary Broker 2020!
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