Best Binary Options Broker 2020!
Ideal for beginners!
Free Demo Account + Free Trading Education!
Get a Sign-up Bonus:
2nd place in the ranking!
Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
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- Broker authorized | Clients accepted
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Risk Warning: Your capital is at risk.
Risk Warning: Your capital is at risk.
Binomo company is widely known in the binary options world, which occupies a good position in the market. The company provides a different set of trade and support services that optimize trade processes on the binary market and allow to obtain stable results. Next, we consider the basic set of trade services broker and will draw conclusions about the quality of his work in the financial market.
The trading platform is a private development of the broker, on which all the necessary market analysis tools are available: indicators, graphic services for technical analysis. In addition, the platform is stable in operation and offers its clients to trade binary options in a non-stop mode.
To open an account, the broker requests to fill in a simple standard form, which indicates a list of personal information – name, country of residence, telephone number, e-mail. The registration takes only few minutes, after which the customer receives unlimited access to all services of the broker.
Binomo offers a free educational section in which such form of education available:
- Guided Tour
- Video lessons
- Knowledge base
The demo account of the platform is a full version of the main trading platform with a complete set of tools for analysis. The client simply draws up a demo account, where there are no restrictions on the amount of virtual resources and time for training trade.
To Access to the real trading platform in Binomo broker require USD 9 for admission to the trading account – it is one of the smallest amount of the initial deposit in the market. At the same time, the cost of the contract starts from 1 USD, which allows efficient use of money management rules.
Best Binary Options Broker 2020!
Ideal for beginners!
Free Demo Account + Free Trading Education!
Get a Sign-up Bonus:
2nd place in the ranking!
Broker Binomo holds the record for money withdrawals. The customer receives payment within a maximum of 24 hours.
Analysis of specialized traders forum has shown a good reputation in the binary options market.
The company described itself on the positive side. This trading platform is optimally suited for quality trading services for binary trading.
Forum, user reviews and feedbacks
Risk Warning: Investments involve a high level of risk. It is possible to lose all your capital. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: Belgium · France · Japan · Latvia · Turkey · United States ·
Binomo Review 2020
- Low financial requirements
- Possible no deposit bonuses
- Unique trading platform
- Loads of educational materials
- Doesn’t accept traders from US, Japan and Israel
Binomo Review 2020
Founded in 2020, Binomo binary options is certainly one of the more experienced binary options brokers you can currently find on the market. Thanks to its various very attractive features, including extremely low financial requirements, the company has quickly made its presence known in the world of online trading.
But what exactly makes this broker so irresistible? Why are they really attracting so many traders? Well, this is the place where you can find all of that out. In the following paragraphs, you will find everything you need to know about the way this website works.
Yes, our Binomo review is certainly the most comprehensive one available at the moment, so allow us to introduce you to this impressive company. Let’s get started!
Binomo Review | Account choices
Binomo login is the first thing you have to complete when you come to this website, and it will allow you to access your Binomo account which can belong to one of four different types. The first is the Standard account, the most basic type you can sign up for. However, don’t be fooled – there are plenty of interesting features to enjoy here, such as various bonuses and access to trading tournaments, all for a deposit of just 10 USD (more about that process later on). The next Binomo account you can choose is Gold, and with it you get access to some new assets, your own personal manager and an excellent analytical support, among other things. 500 USD is all you need for this. Finally, we have the Binomo VIP account with even more assets, investment insurance tools, Skype contact with your manager etc. Yes, we did say that there were four accounts, but one of them is something special. Stay with our Binomo binary review and find out why we say that!
Binomo Gold Account
Binomo Review | Demo account
Practice accounts are absolutely necessary these days, so we are quite happy to report that the demo account here works perfectly and is very useful. Through it, you can easily test the Binomo trading platform and everything it has to offer without ever spending a single cent. That’s right; this account type is completely free of any charges and all of the platform’s functions will be available to you. As for the funds, you get 1000 virtual EUR with Binomo demo account, but this amount can be easily replenished (also without any charges) whenever you want. Of course, apart from testing the trading platform, you can also use this feature to hone your trading skills and then simply switch to a real trading account when you feel ready for the real thing. Binomo login for the demo account is just as simple as it is for a live account, and you can also complete it with your Facebook or Google+ accounts. All in all, this demo account gives you everything you need to prepare yourself for the challenges of the live market. However, if you want to switch to a real account and trade there, you’ll need to deposit some real money. Read how that is done in the next part of this Binomo review.
Binomo Demo Account
Binomo Review | Depositing funds
Now we come to perhaps the most important part of the article. You see, Binomo deposit is what gives this company an edge over most of the competition. Not only can this process be completed by using three different currencies (EUR, RUB, USD), but it also has quite a lot of deposit methods to choose from. These include Visa and MasterCard cards, as well as online payment systems like Neteller, Yandex, Baokim and Qiwi.
But all of that is just a warm-up for the main attraction – minimum Binomo deposit is only 10 USD, with the minimum amount needed to open a trade set to just one dollar. These are some of the lowest numbers you can currently get in the world of online trading, so we believe many traders will give this company a chance precisely for that reason. Your money is immediately available, and you won’t be charged anything for completing the process. What you will get is a prize for investing with the broker, but that belongs into the next part of this Binomo trading review.
Binomo Deposit Page
Binomo Review | Bonus policy
It is not uncommon in this industry to get something extra when you make a deposit, and Binomo bonus policy follows the same path. Depending on the (real) account type you choose, you can double your money up to 5000 USD every time you make a transaction. But this is just the beginning. Another form of Binomo bonus are risk free trades which can also be perceived as a welcome bonus for all new clients. You see, whoever creates an account and makes a deposit will get a certain amount of risk free trades on the Binomo trading platform. These can be worth up to 150 USD and significantly diminish your trading risk. But even that is not all! With Gold and VIP accounts, every week you will get 5 and 10% cashbacks, respectively, if you end that trading week with a loss. This is something that makes Binomo bonus policy stand out from the crowd because it’s really not easy to find a company that will return funds to you on regular basis.
In addition to all of that, you may also get a Binomo no deposit bonus here! Sometimes, if the company is in the middle of a campaign, they will hand out Binomo no deposit bonuses worth 15$ to their clients. This is another thing you don’t see in the trading industry often and an excellent proof of how much they want you trading here and how far they’re willing to go to make sure you’re happy. But even without that, there is plenty to enjoy. Keep reading our Binomo review and explore the core of this website with us.
Binomo Bonus Policy
Binomo Review | Trading platform
So, you’ve made your deposit, you’ve picked up your bonus and you’re now ready to trade. Where do you go next? Why, to the Binomo trading platform, of course. This exquisite piece of software was engineered by the broker’s own team and it really has a lot to offer. Like we say in our Is Binomo a Scam? article, the platform draws quotes from several different agencies, so you can be sure you always have the most accurate market data. Furthermore, Binomo platform is also very quick and well designed, so you can easily monitor your active trades and examine your trading history whenever you want. That’s not the only thing you can do whenever you want, though – Binomo platform allows you to trade literally all the time, even on weekends.
The amount you can invest is between 1 and 1000 EUR/USD per trade, which leaves a lot of room for planning, especially if you’re a trader who doesn’t invest big amounts. Depending on your account type, the profit from each trade you make can go up to 95%. That is another very impressive number in the company’s arsenal because there aren’t a lot of brokers who can match this offer right now. Hopefully, you will enjoy all of this and be successful. Naturally, you can enjoy trading here if you’re on the move too, all thanks to a great mobile version of the platform. Don’t worry; our Binomo binary review will show you how it works next.
Binomo Trading Platform
Binomo Review | Mobile trading
With the advent of smartphones everything has become faster. We have the need to be constantly connected to the world around us and the same goes for the global market. Millions of people want to be able to invest with just a tap, and this broker is well aware of that. That’s why we have to take a look at the Binomo mobile app, a piece of software that allows you to trade whenever you want and wherever you are.
First of all, downloading this won’t cost you a cent because the app is completely free. This means that everything you get from it represents excellent value, and you really do get a lot. Not only can you execute your Binomo deposits and withdrawals this way, but you also have access to everything you can do on the desktop version. All most notable features of the Binomo trading platform are still here, so you will be able to enjoy high payouts, demo accounts, equally low financial requirements and non-stop trading. The support is also easily accessible this way, but we will talk about them more later on in this article.
Another thing we have to mention about Binomo mobile app is the fact that the broker will deliver all sorts of interesting information to you this way. You’ll be kept up to date on all your transactions, the latest promotions that become available to you and even trading tournaments you can participate in. So, apart from keeping you in touch with the market, this app will do a lot more. Let’s now move this Binomo review forward and take a look at an important process you will want to complete once you’re done with trading.
Binomo Mobile App
Binomo Review | How to withdraw?
Accessing the funds you earn through trading without any problems is extremely important, so that’s always the ultimate test of reliability for any broker. Fortunately, you have nothing to worry about here.
Binomo withdrawal methods are the same ones you can use to make a deposit because you have to withdraw the same way you funded your account. This is done in order to prevent any kind of money laundering or other illegal activities and is a fairly common requirement in this industry. You’ll be happy to know that there are no Binomo withdrawal fees you need to worry about, although do be careful because that does not apply to your bank. The speed by which your request is processed is another thing that depends on your account type, but in the worst case everything should be done within three days, which is quite acceptable. VIP clients, however, can expect their withdrawal to go through in just a few hours. Minimum Binomo withdrawal requirement is set to just 10 USD, which is just a continuation of the broker’s flexible financial policy. We never encountered any withdrawal problems on this website and can honestly say that every monetary transaction went through as expected. In short, this is a completely reliable and pretty fair process, so we can now go and see what else we have to cover in our Binomo binary options review.
Binomo Withdrawal Page
Binomo Review | Tournaments
Very few brokers offer a way for you to compete against other traders, but this company is one of them. Yes, if you’re a competitive spirit, you can join a Binomo trading tournament and see how you stack up against everyone else.
The only thing you have to do to participate is to complete your Binomo login, check that you have enough funds in your balance to cover the fee and then sign up. Mind you, when we say fee, that really isn’t a lot – some tournaments are completely free, while others will ask a 5$ participation fee from you, but we really don’t think this should be viewed as a problem. Once everything is ready, you and all other participants will receive 100 Binomo tournament currency units. The object is to have the biggest balance once the time is up.
If you can finish in top 20 traders, you will become eligible for a prize. How big your prize is will depend on the size of the prize fund (we found Binomo tournaments with funds ranging from 200 USD to 2000 USD). Once the competition is over, you will have to wait a bit to receive your prize, but this usually takes a couple of hours. It is important to note that you can execute a Binomo withdrawal as soon as the prize reaches you because there are no wagering requirements attached to it. Pure profit, that’s what you get in this case. But if you want to be a successful trader, no matter how you decide to trade, you will have to prepare yourself first. How? That’s the next topic of this Binomo review.
Binomo Review | Learn to trade
It would really be a shame if this article was to skip the educational materials you can access here because the broker obviously invested a lot of effort in providing you with everything you need.
First of all, you have the so-called Knowledge Base, which is actually a glossary. Here you can immediately get an impression of how much you can learn because the number of terms explained is very impressive. However, that is only the beginning. If you head on over to the Strategy section, you will find pages upon pages of interesting articles discussing various approaches to trading. No matter how good a trader you are, you are sure to find something that can help you here. Before you do that, however, you may want to check the videos first. They explain all the basics and advantages of trading with the Binomo platform and include, among other things, a tutorial for the Binomo mobile app, which can certainly come in handy. But education is not the only way this broker can help you. There is a whole team of people you can count on and they certainly deserve a paragraph of their own in our Binomo review.
Binomo Review | Need help?
Support and contact methods are often overlooked by traders, but they play an important role in your trading experience. If people you need to talk to are doing their job right, you feel much safer and can enjoy your trades more.
This company is well aware of that, which is why they’ve made sure you can reach them whenever you need something. You can call them by phone, send them an e-mail (a form for that is readily available on the website), follow them on Facebook, visit their Youtube channel and even get a hold of them via Skype. This latter method is also something that gives you a sense of legitimacy because you can actually see who you’re talking to on the other side. The company’s address is also there, plus you even have the option of using live chat, which we found to be a very quick and efficient solution. But no matter which contact method you choose, you will be satisfied with the quality of service you get, that we can guarantee.
What surprised us a lot was the fact that there is a very vibrant Binomo Vietnam community out there. The broker has recognized that, and it offers its website in Vietnamese, as well as in several other languages, including Russian, Spanish, Chinese, Portuguese and more. Of course, the support is available in each of these languages too (yes, even for Binomo Vietnam), but be aware that they are not available 24/7. Speaking of countries, we should say that Binomo doesn’t accept clients from US, Japan and Israel.
With all of that said, is there actually a reason to worry when trading here? Is there another side to this company that you can’t see on their website? To find that out, we contacted the traders themselves. More on that in the next part of Binomo review.
Binomo Review | Complaints
To summarize those last few sentences, is there are reason for complaints against Binomo? Well, nobody’s perfect, we’ll tell you that much, but the company really does conduct its business as advertised. That is not to say that people don’t think things could be better, but generally speaking they are very pleased.
So, which Binomo complaints did we encounter? Well, some people think the platform could provide more trading options and some more useful tools, which is certainly a legitimate observation. Others believe that there is a need for implementing more options for withdrawal, such as the ability to postpone the transaction etc. But all these Binomo complaints are really not that important when you look at the big picture. Each and every single one of them was prefaced with a series of compliments, and only after insisting on something that could be improved did we get something that could be put in this part of Binomo review. Therefore, the overall impression of the company’s clients is more than positive.
And dont’ think that we focused on one particular group of traders, either. From Binomo Vietnam, to Russia, and then other countries like Lithuania, Portugal and Turkey – all traders say the same. Therefore, we really believe we have nothing else to say. The only thing left to do is to give a short summary of what this Binomo review has taught us.
Binomo Home Page
Binomo Review | Conclusion
Binomo binary options is a successful broker that has been on the market for almost four years now and is showing no signs of weakening. Quite the contrary, their low financial requirements seem more attractive than ever, and the Binomo platform (which also comes as a Binomo mobile app) is continuously evolving to cater to all your needs. The bonus policy is also very impressive, with all those risk-free trades you can get and maybe even no deposit bonuses, just for good measure. Heck, you can even compete against other traders and win prizes that way if you want. The company is very careful to make sure you have a great trading experience on their website, which is why they’ve made many educational materials available and why they have an excellent support team. Because all of this, traders from all across the world trade here – communities range from Binomo Vietnam to Russia, Spain, Turkey and so many others. So, open an account here and enjoy the very best binary options can offer. If this Binomo review can’t persuade you, what can?
Binomo Review – is it scam or safe?
|Minimum deposit||Min. bet size||Payout %||Trading platform||Regulation|
|$10||$1||Up to 85%||In-house||No|
Binomo is a binary options broker, offering trading in wide spectrum of financial assets on its custom trading platform. It originates from Russia and its trading conditions seem quite competitive; we will discuss them in detail below.
Besides, as most binary options brokers, this one also provides a helpful section of trading tutorials. Its website is available in Russian, English, Chinese, Vietnamese, Thai, Indonesian Portuguese, and Spanish .
There are several account options with Binomo, depending on the initial deposit: Standard, Gold & VIP.
|Account type||Min. initial deposit||Payout %||Weekly cashback|
|Standard||$10||Up to 85%||–|
|Gold||$500||Up to 86%||5%|
|VIP||$1 000||Up to 87%||10%|
In addition, there are a number of exclusive features that are only available to VIP-clients, as well as a welcome on-deposit bonus of up to 100%.
The Company. Security of Funds
Tiburon Corporation Limited
Stagord Resources Ltd
There are two companies behind the Binomo brand: Tiburon Corporation Limited and Stagord Resources Ltd. Stagord Resources Ltd. is registered in Cyprus, but is not licensed by CySEC. Tiburon Corporation Limited on the other hand is registered offshore, in the Seychelles. We have explained multiple times about the risks involved in investing with offshore brokers.
>> The risks of trading with an offshore forex broker
Nonetheless, Tiburon Corporation Limited is a member of the Financial Market Relations Regulation Center (FMRRC) in Russia. This is an independent self-regulatory organization without any government involvement. Therefore, brokers licensed by it are required to comply with a set of rules and guidelines that are informal and the center is not entitled to initiate legal actions against any member broker for alleged misconduct or violations. Nonetheless, FMRRC has certain dispute resolution powers and maintains a compensation fund, so in case a FMRRC certified company is declared bankrupt, its clients are promised payout of the funds in their accounts.
To sum things up, Binomo is not licensed by a reliable financial regulator, but yet FMRRC membership is better than nothing. Besides, we checked in several popular sites and forums and it seems that the reputation of this broker is pretty bad. Customers complain of rude and incompetent customer support, denied withdrawals, cold calling, etc. So, maybe it’s better to stick with brokers licensed by Cyprus’ CySEC – the most popular regulator among binary options broker.
Trading Options: Call/Put, 60 sec
Assets: Currencies, Stocks, Indices, and Commodities
The trading options with Binomo is quite limited, while most binary options brokers offer a wider range of binaries. For example, CySEC-regulated binary options broker BDSwiss offers its clients Call/Put, 60 seconds, Pairs, Long term, One Touch, and Ladder options.
Minimum Initial Deposit
The minimum initial deposit for clients of Binomo is just $10, which an attractively low amount. Binomo, however, is not the only binary options broker, with which you can open an account with 10 bucks. FinaCom member Grand Capital requires the same amount as a start.
Min/Max bet size
The minimum bet size with this broker is also among the lowest in the industry, amounting to $1. Nonetheless, this is the way it should be. Why put large amounts of money in a brokerage that is not properly regulated? Besides, low minimum bet sizes allow better risk management.
Binomo`s highest return percentage is 85% (87% for VIP account holders), which is average for the industry. By comparison, payout percentage offered by Grand Capital is up to 86%.
Binomo offers its in-house trading platform where its clients can trade with just one keystroke if they want to. The platform is easy to use and offers the most popular indicators (Bollinger Bands, MA, RSI, etc.), as well as useful trading tools like Fibonacci, trend lines, pitchforks and more.
The charting on Binomo’s platform is typical, charts come in several time frames (5s, 15s, 30s, 1 minute and 5 minutes) and you can apply to them the tools and indicatoes mentioned above.
Binomo is one of those brokers who have special offers for their clients all the time and come up with different ideas for promotions, tournaments, etc.
Currently Binomo offers First deposit bonus in the form of bonus transactions worth up to $/€150. After their first deposit, its clients are able to participate in tournaments and win various cash and bonus prizes.
Indeed, many traders seem to be constantly on a quest for bonuses, rebates and contests and that is why large number of forex and binary options brokers offer such. However, you should keep in mind that almost all scam brokers use promotions to lure their clients. And even if a broker offering bonuses does not fraud its clients, in order to withdraw the profit from the bonus funds, one has to meet high trading volume requirements, which significantly multiply the risks of losses.
Methods of Payment
There are several payment methods available to Binomo’ clients: Bank Wire and the following Credit cards: Visa, MasterCard, and VPay. Popular e-payment systems like Skrill Neteller Webmoney, Yandex.Money, QIWI, Neteller are also supported by this broker.
Binomo is a binary options broker, whose trading conditions on its proprietary platform appear attractive – low minimum deposit required, low bet sizes available, competitive payout amounts. Nonetheless, doing business with it is risky, as Binomo is not properly regulated and its reputation in the industry is not good. To sum up the above, here are the advantages and drawbacks in relation to this broker:
|FMRRC license||No decent regulation|
|Low minimum deposit required, low bet sizes available||Limited trading options|
|Competitive payout amounts||Rather negative reputation|
|Easy to use proprietary trading platform|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
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