Popularity of option trading contributes to the emergence of a huge number of brokerage companies. But there are brokers who, despite the active growth of competition. Continue to be in the lead within their niche on the financial market. One such company is Binomo. Today, this broker is one of the most worthy companies. Ensuring efficient binary options trading due to the high quality of its services. Or so they say!!!
This broker is not recommended!! Rather try Olymp Trade, Iq Option or BDswiss
General Information about the Binomo South Africa
- Start of working online – 2014
- Country of jurisdiction – Cyprus
- Regulation authority – CROFR
- Platform – proprietary trading software
- Demo account – on a real platform with virtual funds
- Minimum deposit – $10
- Minimum lot – $1
- Related services – training, bonuses, promotions, tournaments
- Support 24/5 in Russian
- Withdrawal time – 4 hours to 3 days
Binomo is a young ambitious broker. Standing out among the old-timers of the option market with its “fresh” approach to providing a set of services for option trading, and client-oriented policies. In fact, the company fits both for beginners and professional traders, since the company’s has service package for each category of financial market players.
Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. If unsure seek further professional advice.”
All aspects of modern trading are considered on the company’s site – reliability confirmed by the license of the financial regulator, security ensured with modern SSL security certificates, high-tech features implemented in the proprietary trading platform and loyalty expressed in the availability of trading conditions. And to prove these facts, we suggest analyzing the services of the broker. Local regulation is very important.
Trading Conditions and the Binomo Platform
Since appearing on the market, Binomo combined two of the most important factors of successful trading on its site – favorable trading conditions and a professional platform. The minimum deposit requirement is reduced to $10, so that trading in the futures market is available to players with any funds available. The minimum lot is only $1, so even with such a minimum investment, a trader may competently calculate the risks. It is worth noting that the level of profitability of contracts in the company makes up 85% on average and may reach 90%, which allows you to quickly multiply the amount of your deposit.
In its platform, the broker has implemented modern technologies for trading and market forecasting. On the site, the clients are offered the optimal trading functionality:
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- Wide format chart with a scaling option
- Adjustment features – various kinds of quotations display, wide choice of time frames
- History of price movement
- Set of technical indicators
- Instant execution technology
- Graphic tools
- Non-stop trading mode
- Over 50 basic assets
- Extended range of expiration periods – 60 sec. to one day
described options
A trader can use all trading and forecasting strategies. Thus generate more accurate forecasts for transactions to be made. In addition, due to the technology of high-speed uninterrupted operation, the clients of the company can make transactions at the most profitable levels.
It is worth noting that you can trade on this terminal using a demo account – for this purpose the broker provides you an unlimited amount of virtual funds and the ability to carry out training in real market conditions. Hence for beginners, this is an excellent opportunity to learn trading without the risk of losing their funds, and for experienced players – a safe field for creating and testing various trading strategies.
Registration and Choosing Account on the Binomo Site
So you can open an account with the company within a few minutes. On the central page of the site, there is a quick registration form where you need to specify the minimum set of data – email, password and deposit currency. After confirming the registration through the link in the email, you can get an access to your back office, where you can update your account with the personal data.
Payment services
Binomo supports the following payment providers:
- MasterCard/Visa,
- Neteller,
- Skrill
- WebMoney,
- Yandex.Money,
- Qiwi
Furthermore this allows the funds to be instantly credited. Also you can withdraw profit within 4 hours to 3 days, depending on the amount of the deposit.
When you top up, an informative form is presented, you can immediately see the amount of bonuses (the amount of bonus funds for top up depends on the funds transferred, up to 85%).
So once you choose the amount and method of topping up, you will be redirected to the secure area of the site where it is possible to safely fill in the form with personal data. The form interface depends on the selected payment service:
Also worth noting that the topped up amount depends on the type of the trading account: Standard, Gold or VIP – with a certain package of additional services.
Binomo Additional Services
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Training
Consequently, not only experienced traders, but beginners can successfully trade using binary options on Binomo. The broker has created an extended training program. So there is an interactive tutorial, video tutorials, step-by-step instructions and a stock exchange glossary (knowledge base). Thus, even players with zero knowledge can quickly learn the art of option trading.
- Bonus program (promotions, tournaments)
The company provides its clients not only with classic bonuses for the first and repeat topping up. Also constantly makes interesting promotional offers and organizes tournaments. Thus traders with any type of account, including a demo account. Gets an opportunity to improve the effectiveness of their trading or receive a prize of real money. NB: Always read bonus terms and conditions before accepting.
Hence, today Binomo is a most interesting binary option brokers. Whereas traders can get a full range of services to ensure their effective trading. So always remember regulation importance and trading is risky. So If you have any experience with Binomo kindly comment on it below. Your comments are helpful to others.