Review of the Binomo trading platform


Among the many ways to make money remotely via the Internet, online trading stands out. This is trading in financial markets, where the source of profit is the difference in the value of assets - bought cheaper, sold more expensive, or vice versa. Modern traders are offered a large selection of trading services for online trading; more than 10 companies are represented in our rating. Binomo takes first place. In this article we will provide a detailed review of the Binomo trading platform.

Conditions for traders

This section can be considered a brief overview of Binomo, each point of which will be discussed in detail in the article itself.

  1. Trade . Fixed contracts “High/Low”, as well as for price difference (CFD). 50 trading assets. Profitability up to 89%.
  2. Replenishment . 15 payment systems, minimum amount – from $10, payments within 1 hour to 3 days.
  3. Education . News video blog with dozens of educational videos. Ready-made trading strategies, personal training with a mentor, trading on a demo account. 24/7 customer support.
  4. Company . Certified by the regulator CROFR, operating since 2014, registered in Cyprus, operating worldwide in more than 20 countries.
  5. Terminal . Binomo terminal for mobile and computer. Self-developed software script. Integrated market analysis indicators and support services.

Open an account with a reliable binary options broker Binarium

Terms of trade

The binary options trading company Bimono offers its users the following trading conditions on the website:

  • underlying assets: currency pairs, stocks, indices, commodities;
  • account replenishment for registration: no;
  • currency for trading: euros, dollars, rubles;
  • the smallest deposit amount: 10 euros, 10 dollars or 500 rubles;
  • maximum deposit amount: 10 thousand dollars or 200 thousand rubles;
  • minimum withdrawal amount: 10 euros, 10 dollars, 500 rubles;
  • investment amount: euro/dollar – from 1 to 1000 dollars, rubles – from 100 to 50 thousand rubles.

See also: Binary options broker Binomo

Information about the company

The organization entered the market in 2014, declaring itself as a platform for beginning traders. However, the modern Binomo trading platform is much more than that. It meets the modern needs of traders of all levels - both beginners and professionals. Therefore, it occupies leading positions in many ratings, including our website.

The platform is distinguished by the fact that it was developed by a team of programmers commissioned by the company. In 2014, for the first few months after the launch, a standard solution from SpotOption was used with limited functionality and the impossibility of improving it. But already in 2020, a unique terminal was presented. It is updated regularly and has changed a lot in 4 years. The picture above shows what the terminal looked like originally.

Trading terminal

The modern approach to online trading differs from the classical one, including Forex. The main purpose of the terminal is trading. Therefore, its functionality in terms of technical analysis is limited to only a basic range of tools. The available indicators are sufficient to implement hundreds of different strategies. But to use rare tools or develop your own solutions, you will need to use third-party services - TradingView live chart, or Meta Trader.

Overview of the site interface:

  1. Left panel . There are drop-down windows with transaction history, step-by-step instructions on ready-made strategies, statistics of active tournaments, an economic calendar, service alerts, etc.
  2. Top panel . The key area of ​​the terminal with the current balance, a link to go to your personal account, a cash desk for replenishing your account and an information section. The line below contains tabs with charts of different assets.
  3. Right panel . Here you can configure the parameters of contracts - their value, duration, direction of movement. The percentage of profitability and the ratio of the type of open transactions at the current moment are also indicated (the “majority opinion” indicator).
  4. The bottom panel . Here you can change the chart settings, change the plotting mode, add indicators and graphical plots, and adjust the timeframe.
  5. Schedule . Directly the work area where technical analysis is performed. Supports free scrolling, zooming and dragging to view individual elements.

The Binomo platform is presented in 2 versions - a PC version and an application for smartphones. You can download the Binomo trading platform for mobile from the App Store and Play Market, and the computer version is available on the official website binomo.com. As part of this review, we will not consider the smartphone terminal in detail. Its capabilities are generally consistent, with the exception that it has a reduced range of market analysis tools. You can read more about the mobile application here.

Market analysis tools:

  • trend indicators – Moving Average, MACD, Bollinger Bands, Alligator;
  • oscillators – RSI, CCI, Stochastic, Awesome Oscillator;
  • other indicators – Fractals, ADX, ATR, Ichimoku, Momentum;
  • graphic shapes - line, rays, Fibonacci, channels, grids, Gartley, etc.

An economic calendar is also available to users. This is a service for fundamental market analysis, where key events in the world of finance are noted and forecasts are given for them.

To start trading, just follow the link to the Binarium broker website and fill out the registration form

Login to the Binomo platform

Above and below there are buttons to go to the official website. After clicking them, find the registration button. Next, you will only need to specify your email, password and account currency, after which you will immediately go to the company’s working tool.

Registration on the Binomo.com website is one of the easiest. A simple questionnaire without dozens of points will be understandable to every beginner.

After the first authorization, you will be able to take a short course to familiarize yourself with the working tool. Take it or read our article.

Replenishment and withdrawal of funds

To start trading, you need to register on Binomo and then fund your account. If you do this right away, an additional bonus in the amount of 25% of the amount will be credited to your account, which is summed up with the main one. Depending on the size of the transaction, the system offers a bonus ranging from 20% to 80%. The amount also affects the account level - standard, GOLD or VIP. The premium category provides benefits - a return of losses in the amount of 5-10%, increased profits, accelerated payments, individual support and training. We recommend that you read the instructions for registering an account in our article “Registration of Binomo”

Replenishment methods:

  • banks – plastic cards, online banking;
  • EPS – wallets Yandex, WM, QIWI, PAYEER and others;
  • cryptocurrencies – Bitcoin, Litecoin;
  • others – SMS payments, special payment services.

It is most convenient to use personalized bank cards or wallets of payment systems. After replenishment, they are conditionally linked to the account, so subsequent payments can only be received in the same direction. Funds are credited to the deposit instantly after the transaction is completed.

The limit on payments is similar - at least $10 or 500 rubles. Users with standard status receive funds within 3 days, GOLD – 24 hours, and VIP – literally within a few hours. Applications are processed seven days a week.

Deposit/Withdrawal of funds

You can top up your account with the company in rubles, dollars or euros. Moreover, in the future, all trading and non-trading transactions on the account will be carried out in this currency. This broker does not have the ability to change the account currency.

Topping up your account for Binomo is available in several ways:


Replenishment methods

  • Bank cards VISA, MasterCard and Mir;

  • Neteller;
  • Fasapay;

  • Payeer;
  • Privat24;
  • Yandex. Money;
  • QIWI;
  • WebMoney;
  • Mobile Commerce;
  • Cryptocurrencies Bitcoin and Litecoin;
  • Perfect Money.

In the future, it will be possible to withdraw money from the account only using the same method in which the trader replenished the account. In this case, the minimum withdrawal amount, as well as for replenishment, is 500 rubles, 10 dollars or euros.

Example of how to withdraw money from Binomo to Neteller:

On its official website, Binomo does not charge traders any withdrawal fees. If a trader, without trading, decides to withdraw the money back or has made a turnover less than twice the amount of the deposit, the company charges a 10% commission for withdrawal.

It is worth taking into account a point that traders often do not pay attention to - the withdrawal request is considered within 24 hours and only after that the money is withdrawn within 3 days. In total, it turns out that in general, withdrawal of money can take 4 business days, provided that verification has been completed. If not, the first withdrawal may take up to 5 business days.

To verify in Binomo you must provide:

  • a scanned image or digital photo of the first page of the passport;
  • additional documents (photo of a bank card, photo with an open passport in hand) to make sure that the details and documents belong to the person who is ordering the payment.

Verification can be completed immediately after the first deposit into your account. As practice shows, with a verified account, traders receive payments within 1-2 days.

Trader Tournaments

The idea of ​​online trading competitions originates from Forex, and was best implemented on Binomo. This is the only company in the world that has paid special attention to this issue. Tournaments are a unique opportunity to earn money with absolutely no financial risks or receive really big prizes in the amount of 1–5 thousand dollars or more.

Binomo tournament types:

  • daily – free tournament, available to all users with a STANDARD account level, fund $300;
  • 2-day and 3-day – popular mini-competitions with a fund of about $2,000;
  • weekly – the fund balance ranges from 3 to 15 thousand;
  • 2-week – the average fund size is 15–25 thousand;
  • monthly - these are the most large-scale events with a large fund, usually from $35,000 to $50,000 or more.

The cost of participation ranges from $5 to $35. Free tournaments are of greatest interest to novice users. They are held daily. An example of the distribution of prizes among the top ten winners is shown in the illustration above.

Binomo for professionals

The platform is suitable not only for beginners, but also for experienced traders. The key benefits for advanced traders in the financial markets are the following:

  • support for classic “Higher/Below” and CFD price difference contracts;
  • high percentage of profit, round-the-clock availability of assets;
  • availability of CRYPTO IDX for effective technical analysis on second timeframes;
  • paid tournaments with a prize fund from 1.5 thousand dollars to 70 thousand and above;
  • 14 integrated indicators and more than 20 graphical tools.

It is also worth noting the fast, uninterrupted payments that are always carried out within the framework of the regulations, the high speed of the platform and the 24-hour support service.

Trader support and training

At the initial stage, training is the main issue on which the future path of a new trader depends. Binomo offers users two options - self-training (free) and with an individual manager. The second option is also actually free, in the sense that you do not need to pay for training. However, the help of a personal mentor is available only to VIP users, and this requires a deposit of at least $1,000. It is not necessary to trade on it; you can practice on a demo account until you gain mastery. But without this you cannot get VIP.

Users of the Binomo platform are offered short videos in the format of a news release, where important aspects of practical trading are revealed in a lively, interesting format. They are highly recommended for all beginners to watch. There are also ready-made strategies in a similar form - simple and informative. FAQ and list of basic terms.

Advantages

  • Easy start . After registration, newbies are initially accompanied by training tips that allow them to quickly understand the interface. There is an unlimited demo account, and you can start real trading with $10 or 500 rubles.
  • Optimal for beginners . A simple interface, the presence of a number of opportunities for effective training, minimum thresholds for starting real trading, round-the-clock support - all this makes Binomo one of the best options for beginning traders among the options on the market.
  • Short-term trading . Trading on Binomo does not take much time due to the short-term nature of contracts. The expiration period is 1–60 minutes. The cryptocurrency index (CRYPTO IDX) is worth highlighting here, as it is ideal for short-term trading purposes.
  • Fast payments . Applications are always processed strictly within the established regulations. In reviews of the Binomo platform, there are practically no complaints about delays in processing transactions.
  • Possibility of market analysis. Integrated tools allow you to conduct effective technical analysis of the chart on second-by-second intervals, borrowing templates from long-term Forex strategies.
Rating
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