Best Binary Options Broker 2020!
Ideal for beginners!
Free Demo Account + Free Trading Education!
Get a Sign-up Bonus:
2nd place in the ranking!
Binary. com Review 2020 – Scam or not?
|(4.8 / 5)||MGA, FSC, VFSC||5$||Options, CFD, Forex, Crypto|
Do you search for trusted information and experience with Binary.com? – Then are you completely right on this website. With more than 5 years of experience in trading, I will check in this review if Binary.com is a scam or a reliable broker. In the following text, I will show you the conditions of the company and how to trade. Is it really worth to invest your money there? – Find it out in this review.
The official homepage of Binary.com
What is Binary? – The broker presented
Binary.com is a international broker for different financial instruments. On the innovative platform you can trade Binary Options, Forex, CFDs, or Cryptos 24/7 per week. Binary is based in Malta and the British Isles. Since 1999 the company has a proven track record with awards and improvements for their clients. In 2020 there were more than 80.000 active clients and the number is rising for the following years.
Binary Investments Ltd operates in the EU which is based in Malta and Binary (IOM) is based on the British Isles and acts internationally. So traders are connected to different parts of the company depending on their country. All in all, Binary.com is one of the experienced brokers for trading financial products and derivates.
Award winning broker Binary.com
Facts about the company:
- Founded in 1999
- International broker with a good track record
- Award winning company
- Based in Malta and British Isles
- International offices
- More than 80.000 active clients with 1 billion turnover
Is Binary.com regulated and safe?
Safety is one of the important factors when it comes to online trading. You can read many complaints on the internet about unregulated brokers who manipulate charts or steal customer’s money. So the first thing you have to do if you are searching for a new online broker does research about the regulation of the company.
Binary.com got more than 1 regulation and license which shows me that the broker is trusted. Have a look at the facts below. In addition, the company is debt-free and uses European top tier banks for money transactions. For customer payments, there are only regulated payment methods available.
Best Binary Options Broker 2020!
Ideal for beginners!
Free Demo Account + Free Trading Education!
Get a Sign-up Bonus:
2nd place in the ranking!
Facts about the regulation:
- Fully regulated and registered in Europe
- Binary (Europe) Limited is regulated by the Malta Financial Service Authority
- Binary (IOM) Limited is regulated by UK Gambling Commission
- Binary (SVG) is registered in St. Vincent and the Grenadines
- Binary (V) Ltd is regulated by the Vanuatu Financial Service Commission
- Binary (FX) Ltd is regulated by the Labuan Financial Service Authority
In conclusion, Binary.com is a secure and regulated broker. There is no problem with money transactions and the company does the payouts fast. For example, in 2020 more than 150 million USD are withdrawn by clients. With Binary you can trade safe financial products and Binary Options.
Review of the conditions for traders – Huge range of options
What is Binary offering to its clients? – You can trade with different financial products more than 200 markets. If you create an account you are able to invest in Forex, CFDs, Cryptocurrencies, and Metals. The most popular financial instrument on the platform is Binary Options. It is possible to earn a high profit in a small-time horizon.
Traders can start with a minimum deposit of 5$ to open a live account. The demo account is free and unlimited to use. Trades can start with a small investment of 1$. Another advantage of the broker is that it is a userfriendly platform for cryptocurrencies. Traders can choose between a cryptocurrency account or a normal money account.
Choose your favourable market
The yield for Binary Options is between 80% and 100%. This is a very high amount and better than most other brokers. Furthermore spreads for CFDs and Forex are competitive and starting with 1.0 pips. Binary.com offers additional tools for their traders which can increase your trading profit by using different strategies. I will review that later. In conclusion, Binary knows what a trader needs to invest in the financial markets. The conditions are better than the most online brokers.
Facts about the conditions:
- Minimum deposit only 5$ and minimum trade amount 1$
- Normal accounts or cryptocurrency accounts
- More than 200 different markets (Forex, CFD, Metals, Crypto)
- Trade Binary Options, Forex, and CFD with one platform
- Payout up to 100%
- Spreads starting 1.0 pips
Test of the Binary.com trading platforms
Binary.com offers different trading platforms which I will present to you in the following section. Overall the platforms are very userfriendly and easy to use. Beginners will find exact tutorials for the trade execution.
Since Binary.com offers different financial products you can use special platforms for them. In the SmartTrader it is possible to trade any options you want with Binary. More advanced traders can use the WebTrader. There are more functions for analysis and trading available. In addition, there is a big advantage, because traders can trade more than one chart simultaneously. Also, you can invent your own automatic strategy very easy with the BinaryBot.
For Forex and CFD trading there is the well-known platform Metatrader 5. This platform offers all that you need to do professional trading. Choose indicators, analysis tools, or programs for your investment. Traders can adapt the trading platform to their trading style.
These platforms are available:
- SmartTrader for any type of Binary Options
- WebTrader for more detailed analysis and multi-charting
- Binary Bot for invent your own automatic strategy
- Metatrader 5 for Forex and CFD Trading
- Ladders for trading Ladder Options
Review of the SmartTrader
Charting on the trading platform
When it comes to successful trading charting is very important for your analysis and result of investments. Especially for short-time Binary Options or investments technical analysis can give you a very high hit rate.
Binary.com offers in its platform different types of charts. Choose between 7 different chart types. Also, the tick chart is available which is missing on a lot of other trading platforms. Traders can use free indicators for the analysis. Configure them as you want and adjust them to your chart. The SmartTrader and the other platforms offer you all types of analytical stuff to do professional and successful trading.
Charting and analysis:
- Professional charting and analysis is possible with Binary.com
- Use free indicators and analysis tools
- Configure the charts like you want
- More than 7 charttypes and tickchart available
- Drawing tools
- Comparision tools
- Multi charting
Trading Interface – How to trade Binary Options?
In comparison, Binary offers the best trading interface for its clients. In the picture below you see the interface and in the following section, I will show you how to trade on the platform.
You can see what you have to do on the platform in order to get a trade placed in the markets. For Binary Options there are a lot of different functions which configure your trade. For example, you can choose between different time horizons and expiry time. Also, it is possible to trade Binary Options based on ticks.
Trade without conflict of interest
With Binary.com you trade without conflict of interest. It is like the broker IQ Option who matches the orders intern between traders. You can see in the interface that the yield is always changing. The average yield is between 70% and 100%. The broker has to secure the risk and this affects the yield of Binary Options.
With Binary.com you trade without conflict of interest. Unlimited profit is possible.
Trading tutorial: The principle of Binary Options
On the one hand, Binary Options are very risky to trade because you can lose your investment. On the other hand, it is a very easy principle which allows you to make a high profit in a short time horizon. For beginners, there are good explanations of the trading principle on the homepage of Binary.com. In the following text, I will show you how to trade the financial product correctly.
How to trade Binary Options
Traders can bet on rising or falling markets. It is possible to trade Forex, commodities, stocks, or cryptocurrencies. The advantage of Binary Options is that your risk is limited with the chance of a high profit. Furthermore, the price has to be only one point above or under your entry point. Just choose the expiry time of the trade and make a forecast of the price movement.
Step by step tutorial:
- Choose a market and analyse the chart
- Choose your investment amount
- Make a forcast of the price movement
- Choose a expiry time
- Invest in falling or rising prices
- Start trading
- Earn a high profit or loose your investment
Trade automatically with the BinaryBot
Binary.com is one of the few Binary Options Brokers who allow automatic trading. On the platform BinaryBot, you can create your own automatic strategy. The platform offers you the options which you need to create a system. From my experience, it is not easy to create a bot for beginners. You have to know about programming.
Programm your BinaryBot
Beginners can watch tutorial videos on this special topic or can even ask the support for service and help. The BinaryBot offers you different options to implement in your strategy. You can invent any strategy which you can formulate into speech.
Programm your own automatic strategy:
- Trade definitions for Binary Options
- Tick Analysis
- Implement indicators and analysis tools
In conclusion, the BinaryBot is a very good chance to earn a high and passive profit from the markets. I mentioned it earlier that Binary.com is on of the few brokers who allows automatic trading and this is a huge advantage for the company.
Professional Forex and CFD Platform Metatrader 5
Metatrader 5 is the most popular platform for Forex and CFD Trading. The platform is available for any device and you can start trading with Binary.com. You only need one account for the platform on any device.
The platform is like the WebTrader but you can configure more tools and functions. In addition, this platform is only available for Forex and CFD. It is a different financial product like Binary Options. It is more complicated to trade there but with some practice, you will understand it. You can invest in different assets and buy or sell them with high leverage.
The platform offers a huge range of tools for your trading. In addition, you can implement extern tools and install them if you want. Use indicators and analytic tools like in the other platform. Each tool is configurable. Furthermore, the handling of the order executions is simple and transparent. You can limit your risk with the stop loss and take a profit.
Facts about the Metatrader 5:
- For Forex and CFD Trading
- Available for any device and you only need one account
- Unlimited indicators and analytic tools
- Technical Analysis
- Automatic trading possible
Increase your profit with Ladder Options
The last platform I will present you is the platform for Ladder Options. This is a different type of Binary Options. It is the same execution tactic but you can earn more or less profit than Binary Options. The difference between these two financial products is that you can choose your entry point at a certain price.
That is why it is called “Ladder Options”. At the end of the trade, the price always has to be over or under your entry point. Ladder Options allow you new strategies because there are different barriers that you can choose.
The yield depends on your barrier (entry point) and is higher than 100%. From my, experience it is better to manage your risk because you can do less risky trades if you choose the right barrier. If you choose more risk the profit can be much higher.
Facts about Ladder Options:
- Same principle like Binary Options
- Choose between different barriers
- Different profit is possible
- Trade with less or higher risk
Mobile Trading: Binary.com Tick App is available
If you want to trade with your mobile device, it is possible with Binary.com. The platforms are available for mobile. You can install the Metatrader 5 as an app or use the Tick App for trading. The advantage is that you need one account for any device. You can trade with your computer and use the app at the same time.
Nowadays mobile trading is very important because more and more people use their smartphone daily. With Binary.com you can check your portfolio and trading positions at any time. React to economic or political news within seconds and trade the markets. In conclusion, the app completes the offer of the broker.
Facts about the App:
- Apps are available for Android, Apple (IOS), and desktop
- The Metatrader 5 is available as app
- Check your portfolio any time
- Customizeable like the WebTrader
Free and unlimited demo account (virtual account)
The demo account is the best way to practice trading on the platform. It is an account with virtual money which simulates the real trading. Beginners can trade freely and without risk the markets. I recommend using the demo account first before you start with real money.
Traders can gather knowledge about the platform and trade execution. Furthermore, it is important to practice and earn profit in the demo account. Advanced traders can try new strategies or markets to trade. In conclusion, the demo account is the best way to improve your trading and learn about the platform. Binary.com offers this account type free and unlimited.
Facts about the demo account:
- Filled with 10.000$
- Practise trading without risk
The demo account is the best way to improve your skills.
How to create your trading account:
It is very simple to open an account with Binary.com. Just insert your email address and get started. Also, it is possible to use your google or facebook account to sign up. For real money trading, the broker needs more information about your person. Fill out the form before you deposit and withdrawal.
Binary.com is a regulated company and as a result, they have to check your identity. Just upload a picture of your passport to get started. There are no account fees for you and the account opening is simple and fast.
Easy and fast account opening
How to deposit in Binary.com?
For a deposit, you can use more than 10 different payment methods. Sometimes the payment method is depending on your country but you will see that in your account dashboard. The minimum deposit for start trading is only 5$. There are no fees.
Most payment methods are electronic. That means the money is credited directly to your account balance. Also, you can use cryptocurrencies for the deposit. The account balance is available in cryptocurrencies too. Compared to other brokers it is a huge advantage.
Facts about the deposit:
- Minimum deposit 5$
- More than 10 different payment methods
- Cryptocurrency account is available
- No fees
Review of the withdrawal
As I mentioned before there is no conflict of interest with the broker. Withdrawals are working correctly and you can easy withdraw you profit. The minimum withdraw amount is like the deposit amount only 5$. There are no fees or hidden costs. But how long does it take to withdraw from Binary.com?
Normally it takes up to a maximum of 3 working days. The broker will accept your withdrawal after 1 working day but with some methods the payment processor needs some time. All in all, deposit and withdrawal are working very good with Binary.com.
Example of payment methods
Active payment methods:
- Bank Transfer (Minimum amount 500$)
- Internet Bank Transfer (Minimum amount 25$)
- Credit Cards (Minimum amount 10$)
- Skrill (Minimum amount 5$)
- Neteller (Minimum amount 5$)
- WebMoney (Minimum amount 5$)
- PaysafeCard (Minimum amount 5$)
- Stickpay (Minimum amount 5$)
- Bitcoin (Minimum amount 0.002)
- Ethereum (Minimum amount 0.01)
- Litecoin (Minimum amount 0.1)
- Tether (Minimum amount 1)
Support and service for traders
Binary.com offers real professional support in different languages. From my experience, it is the leader in technology and trading investments. More than 200 employees work for this company. There are offices worldwide which are working 24/5 per week.
If you got questions you can ask for help through the chat, phone, or email. Also, there is a big FAQ and help center for beginners. The support is working professional and fast. So customers should feel comfortable with it.
Professional phone support
Facts about the support:
- Available 24/5
- Chat, phone, and email
- Professional educated employees
- FAQ and help center
The broker accepts traders from anywhere without the countries USA, Canada, Hong Kong. All other traders are accepted. The main audience is in Asia, Europe, and Africa. The broker always tries to improve the offer for traders and the support languages are now available in Chinese, English, French, German, Indonesian, Italian, Polish, Portuguese, Russian, Spanish, Thai, and Vietnamese.
The most growing countries for traders are:
Conclusion of the review: Is Binary.com legit?
Due to my research, I can confirm that Binary.com is not a scam broker. It is a fully regulated company which is founded in 1999 and since this year it is one of the most competent Broker for Binary Options. Start trading with the best technology for earing a high yield. Whether you want to invest short-term or long-term Binary.com is the right broker for you.
In conclusion, the facts about this company are speaking for themselves. I highly recommend using this company if you want to trade seriously. Also, I found no complaints about the broker on the internet.
The advantages of Binary:
- Full regulated company
- Working since 1999
- The best technology for trading
- Huge range of markets and options
- High yield up to 100%
- Small minimum deposit of 5$
- No hidden fees
- Professional support
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.
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)
Binary Review: Legit Broker
Summary: Nothing spectacular to report in this latest review. The developers give us very little to go on.
Today I’m looking at a new binary options trading software that puts all of the focus on the brokerage, Legit Broker. According to the sales page “90% of all systems fail because of bad brokers and you end up getting scammed.” The developers of this product are at risk of spending so much time focused on the brokers, that they don’t reveal any real information about their trading system.
The website was registered on 2020-04-23, so just a month ago. There is no address provided for the business location, but you can contact support via email [email protected] They promise to have support that is “above industry standards,” so I recommend emailing them and testing that theory.
For all binary options systems, strategies and signals ratings go here .
Legit Broker Review
As I mentioned at the beginning of the review, the Legit Broker development team over emphasizes the importance of the brokerage so much that they don’t even tell us about their own trading system. They believe that their system offers the best of both worlds, “an industry-leading automated trading software coupled with an outstanding broker lineup.”
They recommend Stockpair, 24Option, Binary Capital Markets and BDSwiss.
While I do recommend one of the four brokers here, there is another issue. That issue is the fact that you have to register and deposit with one of these brokerages in order to gain access to the software. Now, if you are like me you already have deposits with your binary options broker and potentially the brokers listed. I don’t want another brokerage account, I have the perfect amount of brokerage accounts to handle my trading as is.
There is no way to get around this either, you have to sign up with the broker in order to receive the software.
There are for features that the Legit Broker developers want us to be aware of.
- Broker Investigation – They want us to know that they periodically test each and every one of their brokers to make sure that they receive a “clean bill of health.”
- Speedy Withdrawals – Again, another comment about the broker but not about their own software.
- Customer Service – They promise to have professional answers from highly trained agents.
- User Friendly – They ensure that their trading interface is easy to use, and that all the brokers they recommend must have extensive education sections.
There really isn’t much emphasis on the strategy, or anything else regarding the Legit Broker application. All we are told is that the system takes advantage of a trend indicator, and a stochastic indicator. Each of these indicators is explained, but the explanations are very basic and don’t indicate to us how they are utilized within the system itself.
It’s very unsure if the developers of this program have any trading experience, because their sales page is rudimentary.
There is nothing that suggests to me at least that the Legit Broker trading software is ready for the big stage. They don’t provide us with any real strategic analysis, and there are no trading statements or verified trading results. The developers focus so heavily on binary options brokers that they ignore their own product, which is what they are trying to promote.
Please leave a comment or any feedback you may have about this software or anything involving binary options.
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