Binomo: The Reliable Trading Platform for Everyone

We have all tried our hand at forex and online trading at some point. Some picked it up quickly, finding success while others gave up as soon as they began. The dissatisfaction can be mostly attributed to the lack of guidelines needed to help users navigate, or the protocols required were too much effort for beginners to just try something out. Anticipating user needs and creating a carefully detailed and accessible platform breeds long-term traders, which makes Binomo the best binary trading platform available today. This world-class site offers tutorials, analytics, and high-quality customer support services.

Preview of the Binomo trading platform. The Graph represents the Forex trading pair EUR/USD.
Binomo Preview

Beyond user care, Binomo is also a member of the International Financial Commission; the first independent external dispute resolution body of its kind that specifically dedicates itself to Forex. Being a global provider, the trading platform incorporates leading trade technologies into the market to create new opportunities while focusing on excellent client service.

To ensure high levels of service, they have made sure to offer the following:

Global Services

To uphold their global vision, Binomo provides services to 133 countries among which they are most popular with brokers for traders residing in Brazil, Turkey,  India, Vietnam, and Indonesia.

Multilingual Availability

Binomo has successfully incorporated a variety of 12 languages into their platform. In order to make navigation as functional as possible, the trading platform included a help page dedicated to changing language and translation thus increasing user comprehension, ease, and inclusivity.

Charges and Fees

One of the most important thoughts in the trader’s mind is, what are the fees payable when using a platform, as they would cut into your margin. Yet again, Binomo is set apart from competitors by charging absolutely no trading fees as shown here from  a list of their fees:

  • No account opening fees
  • Subscriptions are charged at $10/€10 for every 30 consecutive days of account inactivity
  • No commission taken on deposits
  • Zero trading charges
  • If you withdraw from your account before doubling your deposit then a 10% withdrawal fee will be levied.

Trading Options

Another subtle way Binomo saves you time and money is by using  FTT (Fixed Time Trading) as their platform instrument.

One of their largest advantages is that their platform is fully up to speed and in sync on both mobile and web applications so that you can trade anytime, anywhere.

Assets/ Markets available on Binomo

As they are a Forex and Binary Options trading platform, Binomo provides the opportunity to trade in over 60 distinct assets including:

  • Currency Pairs
  • Equities
  • Commodities
  • Stocks and Global Indices
  • Cryptocurrencies
  • Classic and Minute Contracts

Trading Account Types

Binomo may only offer two types of trading (standard call/put and Turbo trade) however, the limited options are accompanied by providing non-stop availability for trading. The platform also offers various types of user accounts and benefits that are listed below.

Standard AccountGold AccountVIP Account
Minimum Deposit
Requirements
$10$500$1,000
Assets Access30+40+50+
Profitability84%86%Up to 90%
Deposit BonusesUp to 100%Up to 150%Up to 200%
InsuranceNoneYesYes
Withdrawals3 Days24 Hours4 Hours
Additional BenefitsDaily Tournament AccessManager Gold TournamentsVIP Manager
Individual Offers
VIP Tournaments

Binomo caters to new users by offering a demo account in which users receive a free $1,000 virtual credit to practice trading. Now users can freely explore the workings and options of the platform before deciding whether or not they are ready to start with a live account.

Safety, Security & Reliability

As trading platforms can be a dangerous target for hackers, the site’s safety and security have been one of Binomos top priorities. The platform is not only created with full encryption but is reinforced with up-to-date SSL encryption installation.

Binomo has combined its security with safe, approved payment methods for both deposits and withdrawals as well as provide additional card and e-wallet options to suit users’ preferences. The trading platform also maintains category A grade through the IFC as well as protects against fraud for any client whose fund values up to $20,000.

Binomo Certification for membership of The Financial Commission
Certificate of Membership

Pro’s and Con’s of the Binomo Trading Platform

Before any trader decides to use a platform, they need to weigh the benefits against the drawbacks to see which side the scale tips. We have gathered all reports here to help you draw your own conclusion:

StrengthsWeaknesses
24 Hour Trading AvailabilityAsset choice could be considered limited
Free Demo trading accountSocial trading and features are not supported
Minimum trades start at $1Short term trading options only
Hosted tournaments with funds prizesLimited amount of trade types
Offers weekend trade availabilityExpiration date cannot exceed 60 minutes
Minimum deposit required is $10Only FMRCC certified
Excellent customer support 24/7
Maximum profit potential of 90%
Options to apply add-ons and use additional features
Mobile platform availability
Over 10 payment systems supported
Provides technical analysis functions
Mobile application includes notifications
The type of expiration can be adjusted
Availability of accessible information

Binomo in Conclusion

What makes Binomo better than all the other platforms? As you can see, the trading platform has a lot to offer without cutting into your margin. The distinguishing factors that make Binomo unique are their commitment to customer service excellence as well as the amount of attention they have given to training.

Online trading is hard enough as it is, especially when you are a beginner — which in turn will also make navigating the platform near impossible. However, because of their attention to detail, Binomo offers a wide variety of training and informational guides which include over 20 graphical tools for support.

Remember that online trading is a high risk, so why not lower your risk with Binomo.