Saturday , March 6 2021

Binomo Forex Broker Review 2021 : Is it Safe Or Scam?

In order to retain a leading position on the market for a long time, a company must offer consumers really high-quality services Binomo Review 2020. This statement is fully applicable to Binomo.

The company has been operating for more than 4 years since entering the market in 2014. Officially licensed and approved by The Financial Commission (FinaCom PLC LTD), the company was awarded the highest category of reliability – “A”.

Binomo operates in more than 20 countries around the world and is deeply integrated in every region.

The trading platform Binary Option Signals is completely adapted for beginners, but the favorable conditions for cooperation are also suitable for professional traders.

In this article we will give an overview of Binomo that includes functionality, services offered, as well as advantages and disadvantages.

Brief company overview Binomo Review 2019

Binomo Review

Trading conditions. Investments from $1. Two types of contracts – “Above/Below”. Yields of up to 89%. The duration of classic contracts is from 1 to 60 minutes.

Account. Crediting and payouts from $10. International payment systems supported. Three account levels. Bonuses for crediting of up to 100% Binary options for Beginners .

Terminal. A unique Binomo terminal. Technical analysis supported. Built-in Economic Calendar. 50 trading assets including currencies, shares, cryptocurrencies, indices, and precious metals.

Tournaments. Regular trader competitions with prize funds of $300 to $80,000 or more.

Training. Free demo account with unlimited balance restoring. Video lessons. Individual training with a mentor.

Security. Officially registered company. SSL certificate to encrypt data between clients and the server. Monitored by FinaCom. Regulator certification. Payment protection for bank cards.

Trading platform

The beginning of the triumphant development of Binomo coincided with the release of the unique trading platform. Initially, the company had a standard platform which did not offer much functionality. The web terminal is updated regularly. New functionality is integrated, the range of indicators and tools for technical analysis are supplemented, and any defects are eliminated.

Join Now

Features of the Binomo web terminal:

  1. convenient, concise interface, done in dark colors;
  2. 14 technical analysis indicators;
  3. flexible chart settings: scaling, time frames, viewing historical data;
  4. multi-mode: independent tabs with charts;
  5. no restrictions on the number of open trades or charts;
  6. availability of an economic calendar to monitor the news;
  7. trade in 1 click or by using hot keys;

access to important information Binary option indicator directly from the terminal (promotions, tournaments, notifications, bonuses);

The terminal is stable and operates with high speed. Due to the use of sophisticated software methods, transactions are opened at the price displayed on the trader’s screen. There is no slippage.

Account crediting and payouts

Binomo’s payment policy is undoubtedly advanced. This is a key success factor for international operation.

binomo tutorial

Depending on the client’s region of residence, the company offers the user different methods of account crediting optimally suitable for that country.

The company is currently actively developing in the Asian and African regions. An uninterrupted system of account crediting and payouts has already been established in India, South Africa, Nigeria, and other countries.

Funds are credited instantly and the payment period depends on the level of the trader’s account and ranges from 4 hours for VIP users to 3 days for those with standard status.

The terms for obtaining premium status and the list of additional privileges are displayed in the illustration above.

Trader tournaments

Besides the fact that Binomo offers a universal trading platform, it is also a competitive platform. Regularly held tournaments give confident traders a real chance to win an impressive prize in their real account.

 

The goal of a tournament is to get the most profit over a certain period of time. All the participants start on equal footing. In the smaller daily tournaments you can participate absolutely free.

Access to larger competitions is granted after paying a one-time entry fee of $5 to $30.

Conclusion

Among the advantages of Binomo that not all competitors can boast of, we can note the proprietary web terminal, regular tournaments, minimum account crediting of only $10, and 24-hour support service.

The platform fully meets the needs of most beginning and professional traders. The only flaw is the lack of support for long-term contracts and the relatively small selection of transaction types – only classic and CFD.

Join Now

However, for the overwhelming majority of traders, these disadvantages do not play a significant role, since they trade “Above/Below” contracts on periods of 1-5 minutes.