Binomo Review

5 (100%) 2 votes

Binomo is an innovative broker with a unique binary options trading platform which is suitable for both beginners and professionals. The broker is owned by Tiburon Corporation Limited and it is located at: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles.

Basic Information on the Binomo broker

  • Address – Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles.
  • Countries available – All countries except US
  • Regulator – CROFR
  • Software – proprietary trading software
  • Available since – 2014
  • Minimum deposit – $10
  • Minimum investment – $1
  • Maximum Returns – Up to 94%
  • Options Types – High/Low Options, One Touch Options
  • Demo account – Available
  • Assets – Currencies (Forex), Indices, Stock, Commodities

Pros:

  • Unique trading platform
  • Multiple payments methods
  • Good customer care service
  • Demo account available

Cons:

  • Support team is only available in English and Russian languages

BinaryOptionElite Rating:

Binomo Broker Full Review

Trading platform

The broker uses a proprietary trading software which comes with several essential features including trading tools.

Binomo trading platform

The Binomo broker has different trading types which include; High/Low Options, One-Touch Options making it suitable for traders to be able to trade different types on a single broker. They also have a demo account which is an essential feature in any broker as traders can test out strategies and practise trading using virtual money without having to risk their investment capital.

Mobile Trading Platform

The broker makes it easy for traders to trade from anywhere at their convenience. Rather than having to sit infront of computer screens all the time, trader can enter positions and monitor trades just from the mobile application.

How to trade on the Binomo mobile application

Binomo Deposit & Withdrawal

The broker makes it easy for users to make deposits and withdrawals, as they offer a lot of deposit and withdrawal methods. Deposit and withdrawal methods include;   Credit Card – MasterCard and VISA, UnionPay, electronic wallet – Yandex, Qiwi, Neteller and WebMoney, SMS-banking (cash deposit in the account via the phone).

Binomo Payment

Minimum Deposit

Binomo minimizes your risks: the minimum deposit is just $10, and the minimum transaction is only $1.

Customer Care Service

The Binomo broker offers a great customer service, as their support team is available 24/7 and can be reached through live chat, Skype, telephone and email. They also have an FAQ section where you can find answers to some things you might want to know about.

Is Binomo a scam?

Binomo is not a scam. The broker is a licenced and regulated broker and has never been found wanting in any sort of illegal or criminal activity and is there safe to use.

Conclusion

So far, The broker has been offering their users a wonderful trading experience, with a standard and sophisticated trading platform, payout and rebate ratios. Also, their low minimum deposit, as well as their low minimum investment amount, has made binary options trading extremely affordable.

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