How to trade at Binomo for beginners
Binomo is a well-known trading platform, where you can earn money investing. But does it means that it is easy to make profits? Is this company reliable? Read our full review and get to know if it is worth to try it.
Binomo Complete Review
Binomo is a European-based online trading company. It offers an App to trade in Binary Options, which is one of the fastest-growing markets in the last 10 years.
It has its own trading platform and offers good conditions and profits for its clients. Offers Free training account, fast deposits, and withdrawals with no costs.
Here’s how we summarize Binomo
|Regulating Entity||TSRF- License A7081
FMRRC: License RU 0395 AA Vv0106
|Customer Service Channels||Live Chat, Telephone and Email|
|Platform||Binomo – Proprietary platform|
|Trading Channels||Web, Mobile (APP available for Android and IOS – Smartphone and Tablet)|
|Account Types||Demo, Normal, Gold, VIP|
|Demo Account||1.000 USD, free, unlimited, and rechargeable|
|Deposits||Visa, MasterCard, Skrill, Bank Transfer, E-Wallets|
|Withdrawals||Visa, MasterCard, Skrill, Bank Transfer, E-Wallets|
|Asset Totals||Forex – 32 | Stocks – 30 | Indices – 9 | Commodities – 9 | Total 80|
|Option Types||Binary and Turbo|
|Open Account||OPEN FREE ACCOUNT|
How does Binomo work?
First, you need to create an account. It is simple and free. To open a free and fast account use the form below.
Then choose the products you want to trade. Practice on the demo account until you’re prepared to make a profit.
How do I open an account?
It is very simple, fast and free to register and open an account.
You need to follow these 5 steps:
- Select your favorite currency (you can’t change this later)
- Insert your email
- Choose a password
- Click on: I accept terms
- Go to your email account to confirm the registration
We can say that Binomo is safe because it is a regulated company with customers all over the world. It is a well-known online trading platform and has been in the market for some time now with a good international reputation. Many sites like this one have very positive reviews on Binomo’s safety and reliability.
How to use the trading platform?
It’s very simple. Once you create a free account, you can trade directly on your browser, without having to download or install anything.
You only need an internet connection. In the platform, you must choose the asset, the amount you want to bet and indicate if the price goes up or down.
How to make money with Binomo?
You need to deposit on the broker trading App and then trade Binary Options product they offer.
Since they offer an App you can do it from your smartphone.
In order to make money, you will place bets and make an overall winning rate above 65% in order to make profits.
Learn and improve your skills with Binay Options Online Training. We offer free training to all our referrals.
Then you’ll need to work seriously and with the discipline to achieve consistent profits.
What are the best strategies for Binomo?
There is no perfect strategy that never fails. There are several (see here several examples) that well used, allow to obtain good gains.
You must always learn your operation correctly and respect the rules when using any strategy.
Read the full and updated review below. Know your advantages and disadvantages.
This broker came into existence in 2015. It is a broker very focused on traders that start in Binary Options because it offers low deposits, low trades and a platform that is very easy to understand.
The broker has its own platform, simple and intuitive. It offers deposits starting at $ 10 and operations starting at $ 1.
Binomo has a prize won in 2015 as the best broker of Binary Options for beginners and another in 2016 by the IAIR Awards.
The broker is owned by Tiburon Corporation Limited, located in Seychelles.
The financial operations are carried out by Stagord Resources LTD, located in Cyprus.
The Broker is regulated by Finacom.
The broker’s platform was developed by the company itself.
It is a platform with a good design and that is pleasing to the user. It is designed to be quickly understood and used even by the most inexperienced.
Check the video below
The negotiation is done directly on the web platform. There is also a platform for mobile devices, smartphones, and tablets through applications for Android and iOS.
Binomo offers only one type of operation: Call / Put, which is the most classic operation used in Binary Options. The reason is simple, to make the platform and trade Binary Options simple and light for users.
Bonus and Bonus Account Types
The broker offers 4 types of accounts:
The demo account is a fictitious account, serves the purpose to train and to know the platform. We should not look at the results we get in demo accounts since trading in a demo is not equal to real.
The whole emotional part that exists in real is different from the one that exists in the demo. There is no fear of losing, so you will negotiate relaxed.
You can recharge your account with $ 1000 at any time. There’s no limit to reloading the demo account.
Access the full Binomo platform functionality to study assets, tools and practice strategies.
Demo Account Features:
- 10.000 USD
- Always available
This is the most used account for those who start trading in real. Deposits are from $ 10 and the minimum negotiation is $ 1.
It has access to the most used financial assets with a fixed profit of 85%.
You can participate in tournaments.
You can reload the account as often as you want. Withdraw takes up to 3 business days.
You have access to deposit bonuses.
Standard Account Features:
- Deposits from 10$
- Trading from 1$
- Free Access to Tournaments
- Deposit bonuses
- Easy deposits
- Withdraws in 3 days
The Gold account implies a minimum deposit of $ 500.
This account offers a greater number of assets to trade.
It also offers a higher percentage of profit when compared to the normal account.
The withdrawals are faster taking about 1 business day.
With the Gold account, you have access to a personal manager who helps you in the negotiation process. Analysis support in the form of strategies offered.
In case of getting a week with losses, you can recover up to 5% with Cashback.
Gold Account Features:
- A minimum deposit of 500$
- Higher profits
- Access to a personal manager
- Withdraws in 1 day
The VIP account implies a minimum deposit of 1000 dollars. Binomo VIP accounts receive up to 100% bonus.
This account offers an even greater number of assets to trade compared to GOLD.
The percentages of profits are even greater.
Withdraws takes about 4 hours.
Access to support via Skype.
In case you get a week with losses you can recover up to 10% with Cashback.
VIP Account Features:
- A minimum deposit of 1000$
- Higher profits
- Better deposit bonus
- Access to support by Skype
- Withdraws on the same day
- Bigger Cashbacks
Deposits and Withdrawals
The methods are varied, from the most common, such as:
- Bank Transfer,
- Electronic payments
- Other e-wallets
In minutes the money goes into the account.
The withdrawals must be made by the same method that the deposit was made.
Both deposits and withdrawals are fast. Depending on the account type and withdrawal methods, the withdrawal time is usually around 5 business days.
The account must be verified with the necessary documentation for the survey to be processed.
The minimum withdrawal amount is $ 10 and they do not charge withdrawal fees.
This is an advantage as several brokers charge some fees on withdrawals.
Benefits and Disadvantages
10 Reasons to choose Binomo:
- A minimum deposit of 10 $.
- Minimum operation of only 1 $. This is an important feature for those starting with Binary Options.
- You can receive up to 9 free trades of up to $ 150.
- Tournaments with cash prizes. Some are free, others paid, but all of them with prizes.
- Free $ 10,000 Demo Account.
- Withdrawals without fees.
- Negotiations at the weekend.
- Exclusive Courses.
- Binary Options Signals The best signs of Binary Options.
- Support in multiple languages.
4 reasons not to choose Binomo:
- Less variety of assets.
- Limitation on binary options trading contracts. Only use the classic Call / Put.
- They do not have as strong regulation as others that use, for example, CySEC.
- They do not operate in Europe.
Here’s how we summarize Binomo
The broker is a good choice for anyone who wants to start trading.
- It offers a good and simple platform.
- It offers low deposits, from 10$.
- Offers negotiations starting at $ 1.
- NO withdrawal fees.
- Free Tournaments.
One of the advantages of Binomo when we compare it with Olymp Trade, Binatex, or IQ Option is that it has perhaps the most simple platform, not the best looking, but very simple to use.
FAQs Related to Binomo Review:
What is Binomo?
Binomo is a trading platform for Binary Options. It offers its services worldwide. The company is regulated and has a good reputation on the countries where operates. Its main advantages are the free demo account and low deposits (from $10) and low trade values (from $1).
How Binomo works?
After opening a Free account, you just need to take some time to understand the platform. The basic idea is to guess the price movements and to bet is a price will move up or down in a specific time (called expiration time). Once the bet / Trade is over, if your guess is correct you will earn up to 90% of the initial bet value.
What is their Trading App?
The trading App is a Application that runs in iOS, Android or Windows, where you will login to access the trading / betting. On that app you will be able to deposit, withdraw and trade the financial assets they offer. You can use the trading app on Desktop / Computer, Mobiles, and Tablets.
How to Login in Binomo?
To Login you will need to have an account already created. In this post you can find a link to register a Free account. Once you have an account you can Login with the email you use to create the account and the password you set up at the time. Since this is a financial / trading App be sure not to share your login details and use a safe password.
Is Binomo safe?
This company is regulated and it is safe. However, you need to understand how the platform works. For that you can find in this website Free Training and other Tools to help. Also be carefull not to disclose your login details or deposit details, since this is an investment tool. The platform is safe, but there are risks of losing money that you need to learn and understand those risks before depositing real money.