Trading Platform

Binomo uses a proprietary trading platform for all of its traders. The platform uses SSL protocol to ensure that all data is encrypted and secure, so your money always stay safe during any trading conditions. The security of customers' data is critical, as it determines how well the Binomo can protect financial information.

Without certain sensitive financial information such as bank cards numbers, bank information, and other personal data, you can't deposit or withdraw money, which makes platform security necessary. Having this first layer of protection from Binomo benefits you as the trader and preserves Binomo's reputation.

Beyond the basics, the Binomo platform consists of several useful components to enhance your online trading experience. Charts and fast refresh rates all have the potential to increase your payouts. Binomo offers all of these and then some.

Their platform has more than 20 different graphical tools to help you analyze your trading charts and history. You won't find them with any other traders. Additionally, Binomo provides an economic calendar integration and independent tabs for use with these various charts.

Their streamlined and efficient platform also includes many scalable features, along with the High/Low Trading to start trading with just one click-no confirmation needed. That, combined with the quick refresh rate, allows discerning traders to seize opportunities the moment they arise.

With their feature-rich platform, Binomo proves they have spent time evaluating and integrating the most essential elements to online trading platform.

Trade Types

Binomo offers the standard High/Low Trading.

High/Low Trading involve predicting whether the final market price of an asset will rise above or sink below the price at the start of a specified time limit. Turbo trades are similar, except with shorter time limits.

Although they don't have a wide selection of trade types on their platform, Binomo does provide non-stop trading availability. The market never closes, which means you can trade whenever you want-including on weekends-setting them apart from other online trading platform.

Regulation

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Binomo is regulated by the International Financial Commission (IFC) and has been a Category A member since 2018. The IFC is an independent organization that helps regulate financial markets, and the fact that Binomo is both regulated and a Category A member speaks to their reputation as a n online trading platform.

One benefit for traders is that the IFC has a compensation fund for all of its members. That means that if something were to happen to Binomo to compromise funds, traders would be protected for up to 20,000€. This protection assures traders of the safety of their money and lets them know that Binomo values your resources.

For international customers, regulation is critical in determining which online trading platformto select, and these certifications, audits, and regulations are signs that Binomo is a reputable online trading platform with favorable trading conditions.

Binomo Demo

When you're considering an online trading platform, it's a good idea to explore the company's demo account before trading in a real account. Using a demo account will allow you to evaluate the platform and see if it offers all of the tools and features you want in an online trading platform.

Demo accounts are an opportunity to test drive before buying. You can become familiar with the platform's processes for making trades and the layout of the user interface. A good online trading platform will offer users a free demo opportunity, and Binomo does.

Binomo offers traders the opportunity to practice strategies and become familiar with the platform with their demo account High/Low Trading. To create a demo account, all you need to do is sign up with your email, and you will receive $1000 in virtual money.

These risk-free funds will allow you to see if Binomo meets your needs as a trader. If not, it's easier to opt out than it is to close an account you've already invested in.

Assets

As far as assets go, Binomo has a selection that is comparable to others. At the highest account level of trading, you have access to 49 different assets that cover a range of asset types. Having a diverse selection of assets allows you to pinpoint what you are most comfortable trading. Binomo offers a wide array of assets that includes:

  • Equities
  • Currency pairs
  • Indices
  • Commodity pairs

Binomo Trade App

One feature to consider is whether or not the company has a mobile app. Mobile apps allow you to trade from any place, at any time, which can help you earn more payouts.

Binomo does have a mobile trading platform. You can find the iOS app in the Apple Store or the Google Play Store for Android.

Deposits and Withdrawals

With Binomo, the minimum deposit required depends on what type of account you want to open. You can get started trading with real money for as little as $10 with a Standard account, in order to get VIP account you need to make a total deposit of 1000$.

When you withdraw your money, you may encounter a 10% fee, but only if you haven't made a minimum number of trades. The website uses SSL to keep your data encrypted and safe, and funds of up $20,000 are protected against fraud. For deposits and withdrawals, you have several different High/Low Tradings:

  • Bank Cards (Visa and MasterCard)
  • Neteller
  • Jeton
  • Banks

Is Binomo A Scam?

No, Binomo is not a scam. Binomo is a legitimate online trading platform that is used by thousands of traders everyday from 133 different countries across the world. This online trading platform is a category "A" member of the IFC (International Financial Commission), which includes up to $20,000 in protection for case disputes. By joining the IFC, Binomo reaffirms its commitment to maintaining the highest standards of conduct and business practices.

Is Binomo Legal In UK?

Yes, online trading platform in UK is legal with Binomo is an offshore online trading platform and is based out of St. Vincent and the Grenadines. They accept traders from over 133 different countries, including UK.

Customer Support

Binomo has several High/Low Trading for how to reach out to them.

  • Chat: On their website and app, there's a chat window that pops up and provides you with a live chat High/Low Trading. The live chat function is robust and supports multiple languages.
  • Email Address: Perhaps your concern doesn't require immediate attention. In that instance, you can send an email to support@binomo.com, and they'll reply as soon as they can.

    Dolphin Corp
    First Floor, First St. Vincent Bank Ltd
    James Street
    Kingstown
    St. Vincent and the Grenadines

Pros

With a online trading platform like Binomo, you want to know what you're getting with your investment. Check out the advantages to their platform and policies to see if they're right for you:

  • Responsive customer support
  • Non-stop trading
  • Robust demo account
  • $5 minimum deposit
  • $1 minimum trade
  • Availability of weekend trades
  • Potential 90% maximum in case of correct forecas
  • Tournaments with prize funds

Cons

Although there are many benefits to Binomo, it will not be the best platformfor everyone. If you're looking for any of these features, you will, unfortunately, be disappointed:

  • Limited number of assets to choose from
  • Limited trade types
  • Not supported in the USA or Europe
  • No social trading
  • No signals

Final Thoughts on Binomo

Binomo offers a wide range of features and tools that make it a viable, user-friendly platform for many traders and investors who are interested in entering the online trading platform market. Binomo has something for traders of every skill level.

Its functional mobile app is particularly seamless, and its low entry cost at a $5 minimum deposit means that even new traders who aren't yet ready to dive into the world of online trading can try it out with little to no risk.

At the same time, its charts and strategic tools can still satisfy the more disciplined online trading platform. Overall, it's a solid, reliable pick for your next online trading platform.

Special Features

Binomo has lots of desirable features. Not least their demo account which gives you virtual funds of $1,000 in return for your email address. We have already mentioned the low deposit and minimum trade requirements which add weight to the favourability of Binomo as a beginner's platform. Their customer support seems to be comprehensive, and they are contactable in some different ways.

Another feature of the Binomo platform is the analytical support and advice that is available to Gold and VIP Account holders. They also offer "free training" which includes an extensive knowledge base, great for traders who want to learn more about online trading platform effectively.