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Binomo Trade Review – Best International Online Broker

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Company Information – Overview History

Binomo Trade, an international broker operational from 2014, offers extensive opportunities to trade in equities, currency pairs, Stocks and global Indices, company shares, and cryptocurrencies. Binomo is a Forex and Binary Options trading platform. Binomo registers 954599 trades daily, with a global footprint in 133 countries around the world. It has registered 31827241 trades in past week producing maximum potential for earning is up to 90%. Investors served since 2012 are 4387684.

This further encourages the traders and the investors to register more profitable trades with the help of Binomo’s accurate forecasting tools and analysis powered by well-researched data and advanced charts & graphics to show the right trend.

As an investor, you are empowered with an option to join online analysts through free webinars while real trading on the platform. What’s more? You get an easy-to-understand step by step strategy formulation guide to enhance your trading efficiency and productivity. These strategies enlighten you with a successful trader’s trade secrets and experience. It states the clear rules for earning money by formulating successful strategies for trade.

Binomo offers easy-to-start trading account for beginners as well as experienced traders and investors for hands on experience in trading before getting on with live trading in stock exchange. It offers free trading as well as a demo account, faster deposit of funds into your trading account, and rapid withdrawal. What you get with Olymp is an opportunity to master the online trading platform with deposit starting at $10 and a free Demo account for hands-on practice and exposure to binary options trading.

Awards & Achievements

  • Binomo was honoured with the “Broker of the year” at the 2016 IAIR Awards
  • Got the title of the best broker for beginners in 2015 at the FE Awards

So be sure to join millions of Binomo profitable traders that have already made sure of fairness and effectiveness Binomo Trade usefulness.

Binomo Online Customer Ratings

Products & ServicesRating
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Banking, deposits and withdrawal
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Binomo Mobile App for Trading

Binomo Mobile App is a great Option Market App with all the information at your fingertips for all your trading needs. Binomo collected all data Option Experts need at the very beginning. You can easily and seamlessly download one of the most popular Option Trading apps in India and get tips and guides of Forex Market.

Binomo Mobile App
Binomo Mobile App

Binomo app can be downloaded from the Google Play on your mobile phone to take the advantage of the new app for your investment needs. The new comes with enhanced trading capabilities and trading mechanics. The app offers new and improved charts, built-in training, horizontal and trend lines, online Strategy Advisers.

Earn money from anywhere anytime on the move leveraging the Binomo App for android and iOS. This allows you with the much needed freedom for traders to get instant information, Latest market news updates, alerts, and notifications to stay abreast with market conditions and help in closing deals, know promotions and tournaments.

Binomo Mobile App Interface
Binomo Mobile App Interface

What you get with Binomo Mobile App

As you launch Binomo website, the first thing you see is a demo account option. You will get a Free Demo Account to practice trading and become a Pro. You can initiate practice sessions and hone skills of investing with unlimited virtual funds.

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Binomo Offerings

Binomo is licensed and certified by International Financial Commission.

  • You get to trade in over 50 trading assets.
  • You can easily find popular currencies, crypto-currencies, Bitcoin and Litecoin, stocks, shares, commodities and various other assets to trade in.
  • You can start with a small investment amount and gradually get on with learning on how stock trading works, and then work your way up to become a profitable trader.
  • Binomo provides fast withdrawal of funds to your favorite payment system, such as bank card or any of e-wallets.
  • You get around the clock 24/7 anytime support in your own language. Binomo values their customers and hence offer 24-hour support from their support centre. You can contact the Binomo Support Team via e-mail, phone, or chat online for instant support and advice.

What are you waiting for? Get started by joining the Binomo community and start earning money on global financial markets daily basis!

Registration on Binomo

You need to visit Olymp home page and click on Register button on the upper right corner of the page.

Binomo Product & Services

Binomo Limited Company, launched in 2014, was originally focused on the Eastern European countries, Russia in particular. Despite the official registration in the Seychelles offshore zone, the company was licensed by the Russian FMRRC, and not by the prestigious Cyprus CySEC.

Binomo offers three distinct versions of its flagship trading software based on user preference, recommendations from financial analysts and researchers.

With Binomo, you get a free demo account and a unique bonus code in the Binomo App.

Binomo Trade Types of Customer Accounts

Let’s discus the types of accounts Binomo Trade offers to its customers/traders.

  • Standard Account

This is the entry-point live account can be opened eligible for regular benefits offered by Binomo Trade

  • Access to 70+ Assets
  • Open account in just $10
  • Profit up to 85%
  • Minimum $1 Trade
  • Ideal for beginners to plunge into live trading
  • Withdrawal time is up to 3 business days
  • Enjoy the technical and customer support help desk 24×7
  • Gold Account

To hold a Gold Account of Binomo Trade, you need to deposit $500. You are eligible for all benefits that a regular entry-level standard account enjoys. However, Gold account traders can trade on extended range of assets and withdrawal within 24 hours, bonus increase, additional advanced technical support and expert advice, eligible for a weekly cashback of 5%.

  • VIP Account

VIP account is designed keeping advanced, more serious and experienced traders in mind. You need to deposit $1000 to hold a VIP Account with Binomo Trade. You as a VIP Account holder are eligible for benefits of standard and gold accounts, also eligible for extended benefits, such as up to 100% bonuses, up to 87% fixed trade profits, withdrawal in 4 hours, and weekly cashback of 10% along with access across all assets of the platform.

VIP Account of Binomo Trade attracts relative lower deposit as compared to the same class of accounts with other brokers. Even VIP account is an excellent option for new traders as they can begin trading even at a lower deposit.

Binomo Trade Advantages And Disavantages

Binomo Trade Advantages

  • Ideal for beginners to benefit trading conditions
  • Excellent around the clock 24/7support desk
  • Convenient learning conditions, unlimited demo account
  • The minimum entry amount for real trading is 10 USD
  • The minimum investment amount for the transaction is 1 USD or 1 EUR
  • The rate of return of contracts up to 87% and above, CFD is without restrictions
  • Comfortable trading platform with the technical analysis function
  • The ability to trade with classic contracts and CFDs
  • Mobile trading is available
  • More than 10 payment systems support, fast payments

Binomo Trade Disadvantages

  • Expiration date cannot be set beyond 60 minutes.
  • Limited number of assets: 50 assets.,
  • Predominantly focuses on beginners and short-term Forex trading
  • Currency pairs, cryptocurrencies, stocks, raw materials, and stock indices constitute the assortment of 50 assets.
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Binomo Trading Platform

Binomo offers advantages in the form of a customized trading terminal. Due to its low cost, the platform is used by about 70% of companies on the market. Binomo terminal is considered as one of the professional trading platforms in the market worldwide.

Pros:

  • You can now trade in over 70+ assets
  • Great account options platform for traders in particular
  • Around the clock (24×7) helpdesk

Cons

  • Terms & Conditions related to Bonuses maybe confusing
  • Certification only under FMRRC rules

The Binomo platform is one of the best in the market. It consists of the most advanced technologies. The Binomo professional tools and analytics help conduct a full scale analysis of the assets dynamics with the help of the high speed of applications execution.

This helps do away with the need for using third-party services and make trading easy and comfortable. Moreover, Binomo allows easy and seamless withdrawal of profit earned by its traders. The withdrawal time is fast and quick with only 24 hours.

Binomo platform does not require to be installed on a computer. The Binomo platform is characterised cutting-edge world-class design and advanced yet sophisticated functionality.

Some of the advanced and distinguished functionality:

  • The change of the graphics look
  • The expiration type
  • The range of assets
  • The study of the information provided by Binomo
  • Ability to add indicators and graphical elements

Binomo Trade offers easy to understand the principle of the platform operation that will help understand the capabilities of the client quickly resulting in immediately bet and make a profit by traders. The platform is designed for both market novice s well as the professional trader. With Binomo Trade, a trader will keep him abreast with latest market news, analytics, watch quality webinars and tournaments.

Binomo Trade Benefits of Advanced Graphics Facility

  • Technical Analysis with the help of 15 indicators
  • You can enjoy the scalable and scrollable graphics
  • Binomo offers 4 modes of the price formations displaying
  • You get over 20 tools for graphical analysis
  • You can visualize transactions and expiration dates
  • Binomo Trade platform offers multi-threaded trading function and multiple tab pages with graphs
  • You can control charts and graphics using the keyboard or in a single click of the mouse

Binomo Trade Key elements of Options Trade

  1. Start trading with minimum account balance as low as Rs.350
  2. Minimum cost to start trading with trading balance starting from Rs.70
  3. Binomo in India hedges you from losing large amount of money as you maybe still learning to trade efficiently and productively
  4. Binomo offers the non-stop trading mode wherein there are absolutely no restrictions on the number of trades that can be executed concurrently on the platform.
  5. You can have several positions opened, still able to manage ll of them simultaneously and continue trading
  6. Binomo encourage week end trading and earnings because it believes on trading daily to earn more profits; hence earn on weekends too.

The trading platform offers a smooth seamless Browser version app to add to your home screen. This web-app runs standalone without required of having any software or system app installed.

Key Features of Binomo App

  1. Hone your trading skills before jumping into a live environment leveraging the demo version and a demo account
  2. Uplift your preparedness to switch to a live environment by practicing on a demo account
  3. Get instant feedback from Binomo expert analysts via message anytime and chat instantly with the online support
  4. Binomo offers extensive, well research in-depth knowledgebase for you to study absolutely free to trade profitably and reduce the risk of losing money

Binomo Trade Features & Payouts

Binomo offers high/low options and Turbo Trades. The expiry times of High & Low Options are 15, 30, and 60 minutes. Inclusion of simpler pair options in the low entry is meant for beginners, new, and inexperienced traders. New traders are not able to use the full range of assets while full 70+ assets are available to VIP account traders. The Payouts depend on the type of account you hold and the payout ranges between 70-87%

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High/Low Options are used in Binary options, otherwise called Call & Put options.

Binomo Trade Bonuses & Promotions

Welcome bonuses range between 25-100%.

Binomo Trade Deposits & Withdrawal

Binomo accepts traders who can deposit money in their trading account via Visa, Master Card, Net Banking, Netteller, Perfect Money, and UPI.

Deposit starts at $10 and go higher for Gold & VIP accounts.

To withdraw money, you need to request by mentioning the amount you wish to withdraw. Withdrawal does not call for any fees or charges. The only limitation is that you need to trade your deposit amount for a certain number of times. If not met, you will be charged 10%.

Binomo Office Address

  • Address: Dolphin Corporation, First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.

Binomo Customer Care & Support

Binomo Review Conclusion

Binomo is an international broker offering Brokerage Services globally across all asset classes that include Equities, Cash & Derivatives, Commodities, Currency, Investment Banking and Wealth Management.

Binomo garnered over 20 million users across the globe that has chosen the Binomo platform for their trading needs. Not surprisingly, Olymp is committed to offer them the best support, congenial and transparent financial environment, a user-friendly digital user interface. Moreover, it has brought in all the necessary market analysis tools crucial for trading profitably.

To start trading a trader using Binomo Trade platform can deposit a minimum deposit of $10 and minimum trade amount of $1, thereby can execute 10 trades with the deposit amount. Binomo is more suited for beginners or first Market-novices to start trading on the platform. You will continue to get timed welcome bonuses on the platform. The demo account offers a joining bonus of $10000.

Binomo platform has passed the reliability test with flying colours as confirmed by the international regulator. Binomo is a trustworthy and time-tested partner in the world of trading as far as stability and consistency of deliverables are concerned.

The bottom line of our Binomo review is that it is an amazing platform with many features and it is highly rated and reviewed by its users with its positive upsides than downsides.

Binomo is the perfect share market partner for you, and you can NEVER be wrong with your choice of Binomo!

Binomo FAQs – Frequently Asked Questions

Q1. How safe is Binomo?

Ans. Binomo belongs to the A-category member of the International Financial Commission. Since Binomo is regulated by International Finance commission, this guaranty quality of service, Transparency, and protect you from disputes through its independent and impartial resolution team of the organisation. Hence it is quite safe to trading platform. Binomo offers useful strategies and tutorials to help you earn money on the platform.

Q2. Does Binomo Perform well?

Ans. Binomo is spread across 133 countries around the world with 863764 daily trades on the platform, and still counting. Past week, Binomo registered a whopping 28210352 successful trades with earning potential on transaction is up to 90%.

Q3. Is Binomo approved in India?

Ans. Binomo is approved and legal in India offering Binary Option trading. Binomo accepts traders who can deposit money in their trading account via Visa, Master Card, Net Banking, Netteller, Perfect Money, and UPI.

Q4. How much minimum I can deposit?

And. You can deposit as low as $10 and minimum amount for trade is $1. Which means you can execute 10 trades in $10 to test the water.

Q5. Preferred trading time on Binomo?

Ans. The preferred trading hours are

  • Morning 5 AM – Afternoon 12 PM,
  • Afternoon 12 PM – Evening 7 PM, and
  • Evening 7 PM – Morning 5 AM.

Q6. What is the maximum withdrawal amount on Binomo?

Ans. You can withdraw maximum $10000 or 200000 Rubels owing to the risk involved in binary options trading due to regulatory bindings.

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