Binomo Forex Broker Overview

Binomo Forex Broker Overview

There is a good chance of finding Binomo if you happen to be in search of a good brokerage platform. As this financial solutions provider continuously gains market traction, it is only necessary to review the services and trading conditions it provides. More so, assessing its overall functionality will help interested parties decide whether to invest or not. Learn more about BInomo in this detailed review.

Binomo is known to provide binary and digital options solutions. It is a globally-recognized financial firm with head office located in St. Vincent and the Grenadines. After its successful debut back in 2014, Dolphin Corporation has expanded its scope of service to more than 130 countries. Having been established just recently, it already managed to earn different industry awards and recognitions. Apart from this, it offers trader-considerate fees and practices a friendly relationship with its clients, making it one of the best financial platforms up to date. 

Binomo Safety and Credibility 

Another compelling reason why Binomo is a good choice is its guaranteed safety. Its license given by the International Financial Commission (IFC) attests to its optimum service. To note, the IFC recognized Binomo as tier “A”, the highest category that secures clients with a compensation fund of 20,000 euro for every complaint. The certification is also a clear indication that this broker underwent intensive inspections and had met industry-standard criteria. Moreover, should Binomo be a subject of financial discrepancies, FCA would automatically withdraw its given permit. 

Binomo Forex Broker Overview

Binomo Account Types

Binomo gives access to more than 50 financial markets through binary and digital options trading.  Clients may also have complete utilization of financial instruments by opening an account. It has decent account selection for it offers three options. 

  • Standard- More than 39 assets can be traded for a minimum deposit of $10. For an inexpensive fee, clients are guaranteed with a maximum yield of 84% while enjoying a maximum bonus of up to 80%. Its withdrawal speed may take 3 business days.
  • Gold– A minimum deposit of $500 is required to have access to more than 42 assets. A maximum yield of 86% and a bonus of up to 90% are provided, while withdrawal takes only 24 hours to complete.  Additional features include investment insurance and a dedicated portfolio manager. 
  • VIP- This account requires a minimum deposit of $1000 to more than 50 assets. It has a high margin of profitability since its yield is up to 90%. More so, clients are given up to 100% of bonus. All this may be enjoyed with investment insurance, a company-provided account manager, and specific offers. 

Other Services

Digital and binary options are subject to high levels of volatility. This means that price movements may either favor your trade with 90% ROI or completely wipe out your investment. While this is the case, clients may still utilize short-term and long-term trades for a more personalized trading structure. With this, they may maximize investment in markets such as foreign exchange, cryptocurrencies, stocks, indices, and commodities. 

Novice traders are given great priority since Binomo has video tutorials for beginners. This includes technical know-how and other fundamentals necessary for trading. Its competence goes beyond other brokers for it offers advantageous conditions such as demo accounts, high margin of profitability, and a relatively fast execution of orders. 

Binomo Trading Platform

This broker has its own trading platform made available in different versions. It offers web, android, and iOS versions, allowing clients to pick the best setup they want to use. Talking about the platform’s effectiveness, it is safe to say that it is flexible and user-friendly. Comprehensive charts and illustrations are provided for a more authoritative analysis. Additional drawing tools, one-click trading, wide chart options, and indicators also add to reasons why Binomo is the best choice. 

Deposits and Withdrawals

Trading with Binomo is as efficient as it gets since withdrawal and deposit may be executed through various payment methods. Depositing funds is available through electronic means. What’s interesting about this is it does not charge clients for withdrawal. While deposit orders are faster, withdrawal speed is heavily reliant on what type of account one has opened. Below are the mechanism one may use for deposits and withdrawals. 

  • Credit and debit cards
  • Cryptocurrencies
  • Jeton Wallet
  • Advcash
  • WMZ
  • Neteller 
  • Payeer
  • Perfect Money

Binomo: The Sought-After Broker 

The above mentioned information are derived from thorough evaluation of the brokerage firm. Considering all the conditions and setups Binomo provides, you may find it favorable to have a sound subscription.  In addition to this, it does not have any hidden fees or charges, placing it next to other top-tier platforms within the industry. As this purely operates with intact principle and concrete goal, it is highly suggested that clients start their investment with Binomo.