Full Review about Binomo Broker
- Established in: 2014
- Minimum deposit: 10$
- Minimun Trade Size: 1$
- Loyalty program: standard bonus of up to 100% of the replenishment, no deposit options, contests, promotions
- Jurisdiction: Republic of Cyprus
- Licenses: FMRRC license
- Mobile Platform: Yes
- App: Yes (Android)
- Live Chat: No
- Languages: English, Russian
- Demo Account: actual platform with demo instruments
- Deposit Methods: MasterCard, YandexMoney, Sberbank Online, QIWI, WebMoney, Alfa-Click, UnionPay, VISA, Neteller.
- Options refund; No
- Profits: up to 90%
- Free Signals: Yes
Binomo broker overview
Binomo has established itself as one of the most reliable, customer-oriented and effective brokers in the Russian futures market. The company has earned the highest trust of its customers due to high quality service, professional technical equipment of the platform and efficient analytical support. In this overview we will examine the main characteristics and services of the Binomo broker, and give an objective assessment of its advantages and disadvantages.
Legal address: Republic of Cyprus
Certification of activity: FMRRC license
Start-up capital: from $10
The minimum trading rate: $1
Broker trading terminal: original trading software
Demo account: actual platform with demo instruments
Yield: up to 90% of payments for on trading position
Trading assets: more than 80
Binary options training: free high-quality software based on advanced techniques
Analytical support: daily calculations by Binomo professional analysts
Profit withdrawal: within 24 hours
Loyalty program: standard bonus of up to 100% of the replenishment, no deposit options, contests, promotions
Payment services: MasterCard, YandexMoney, Sberbank Online, QIWI, WebMoney, Alfa-Click, UnionPay, VISA, Neteller.
Trading under comfortable and favorable conditions and with a wide range of services you can reach maximum performance in the options trading.
Registration with the broker
Registering at Binomo is extremely simple, opening a demo or real account takes 3 – 5 minutes. Simple and clear registration form excludes any mistakes that could create problems in carrying out financial transactions. Let’s look at the registration process in detail.
Step 1. Become a Binomo customer by clicking a button on the start page of the website:
Step 2. Fill in the standard form: email address and password to log in to a personal account on the Binomo platform. You also need to choose the currency of the trading account (the currency in which the account will be deposited and all the trading and financial transactions will be carried):
After accepting the partnership agreement, you will gain access to the personal account and trading terminal. You can then proceed to the next step.
Step 3: Replenishment of the trading account. Money can be deposited to the trading account via most popular payment services in the “Cashier” section (left upper part of the platform page). We recommend you learn about the Binomo bonus program and choose the most convenient payment system:
An important detail to consider: the client does not undergo additional verification if he deposits and withdraws funds using the same payment service.
Once you’ve selected the payment system, you only need to specify the amount by which you want to fund your trading account.
Step 4: The “Deposit” button takes you to the secured section of financial transactions, where you need to fill the payment form (each payment service has its own form).
You will need to provide a credit card number and agree make the payment by pressing the “Make a Payment” button. The funds + the amount of the bonus will be immediately credited to your trading accounts.
This is the last step of the trading account registration before starting a highly efficient trading.
Broker trading terminal
Professional terminal for optional trading is Binomo’s major advantage, it allows traders to get high results with a simple and convenient operation mode. Binomo platform was the pioneer of the Russian market in terms of original trading software which is being constantly improved.
Today the Binomo terminal offers the following features:
Large-scale trading chart with convenient zoom settings, option to view price fluctuations history and open lots, and change the price display format
Extended range of graphical tools for market analysis, both simple and semi-automatic: Fibonacci retracements, Gartley, Fork etc.
Convenient range of expiration dates: 1 minute – 24 hours
Five high-precision indicators
Classic and short-term binary options (turbo)
In addition to high quality trading services, Binomo company provides professional and completely free training based on progressive methods and products.
The theoretical part of the course includes:
• Interactive tutorial for beginners
• Knowledge base
• Video tutorials
After mastering the theory, the trader can move to applying the new knowledge in practice and get basic experience of profitable trading. Binomo provides a demo account which allows one to trade on the platform with virtual money. This allows a novice to train in real market conditions, understand all the “real life” nuances and the functionality of the trading platform.
The final stage of the training is studying the professional analytics offered in the “Analytics” section:
- News reviews with the analysis of the situation in asset markets
- Ideas for efficient investment
- Technical analysis of the market
With the professional analytical support trader will not only fully understand all the principles of option trading, but also learn to make their own effective forecasts for real trading.
Security of the Binomo broker
Binomo company focuses on the Russian audience and is licensed by the national regulator — the Financial Market Relations Regulation Center. FMRRC license is a proof of legality of the broker’s operations in the Russian financial market. In addition, all Binomo clients’ funds are insured by the FMRRC compensation fund of the regulator which ensures the safety of funds in case of the company’s bankruptcy or illegal actions. That is why Binomo broker can rightly be called a safe partner for option trading.
Advantages and disadvantages of the Binomo broker
Free and high-quality training
Professional platform with advanced functionality
High yield options
Fast withdrawal service
Limited selection of options
We would like to conclude the overview by saying that Binomo is constantly improving its client-oriented policy, striving to offer its customers professional services of highest quality and ensure they receive high earnings in the binary options market. Binomo platform welcomes anyone who’s aiming for financial independenc