Binomo – 1st Trust Broker Review

Binomo warning

Official platform video review

What is Binomo broker?

Binomo is a good choice for a new trader, as it contains a minimum deposit of $10 and a minimum trade amount of $1. To test the platform, you only need $10  and you can perform 10 trades. You can trade on the go and importantly, the company is suitable for beginners If you have account you can login Binomo account or register Binomo account if you don’t have it.

Introduction

How to use and how to trade Binomo?

Established in 2014, Binomo is a digital options broker registered in St. Vincent and the Grenadines under the trading name of Dolphin Corporation. This company guarantees a quality level. They have an FMRRC certificate, but are awaiting a CySEC license.

In addition to low trading requirements, they have other features. There are different welcome bonuses and a demo account with $1,000 to start trading, also customer support and mobile trading experience for those who like to trade the markets on the move.

We have put together our comprehensive Binomo review to show the advantages of this broker.

Our financial experts analyze every aspect of trading to make sure that your trading experience is good. Find out more about why we believe importantly, the company is a great choice.

Account Types

Binomo account types
Binomo account types

There are several Binomo account types depending on the amount of the deposit, which contain a number of advantages:

Standard Account

Opening an account with  $10 with all the benefits:

  • Access to most of the assets (there are 70 in total on the platform)
  • Profits of up to 85%
  • Minimum $1 trades, great for new traders looking to enhance their trading skills
  • Withdraw money in up to 3 working days
  • Technical support

Gold Account

A Gold account requires a minimum deposit of $500.

  • Receiving an extended range of assets to choose from
  • faster withdrawals (up to 24 hours)
  • increased bonuses
  • advice and analytical support
  • a weekly cashback amount of 5%.

VIP Account

  • A VIP account requires a minimum deposit of $1,000.
  • VIP accounts receive bonuses of up to 100%
  • fixed trade profits of up to 87%
  • withdrawals in less than 4 hours
  • a weekly cash-back of 10%
  • An access to all assets on the trading platform.

The  deposit in VIP account is low compared to other brokers, so this broker is a good choice for beginners.

Trade Types And Payouts

Binomo – trade types and payouts
Binomo – trade types and payouts

The advantage of Binomo that they focused not only on the experienced , but for new and inexperienced traders.

High/Low Trades

High/Low Options are the classic type of Binomo digital options trading and are otherwise known as the Call/Put options. The aim of this is to predict whether the price of the asset that you select will go higher or lower than the current price by the expiry time.

They are also restrictive on the number of assets available with a maximum of 70 only being available to VIP account holders. Payouts range from between 70% – 87% which depends on the type of account that you have.

Bonuses And Promotions

Special offers change, but you can view them on the website. Welcome Binomo bonuses  range from 25% to 100%, but often they are a little more complicated. For example, when you can make a deposit and get up to $ 150 free options.

Mobile Trading

Binomo – mobile application for trading

Binamo like other brokers offers its mobile app which is available on the App Store, for Binomo iOS (iTunes) users and Binomo Android (Google Play), for those using an Android device.

Using the Binomo app to trade is that you can receive notifications.You can login with Binomo, wherever you are in the world, and whatever you are doing and you can carry on mobile trading.

Deposits And Withdrawals

Binomo deposit page
Binomo deposit page

For Standard account holders, opening an account with a minimum Binomo deposit of just $10. For Gold and VIP holders сan make a deposit using personal credit cards like Visa and MasterCard, the funds will be available immediately to trade on the market.

Binomo withdraw funds, just request  the amount. A 10% fee is charged if you have not sold the deposit amount several times.

For Standard account holders, withdrawals take three working days. For a VIP account-less than 4 hours.

Special Features

Binomo special features
Binomo special features

– You get virtual funds of $1,000 in return for your email address.

– Low deposit and minimum trade requirements for beginners.

–  Binomo platform has customer supports.

– For gold and VIP accounts, free training is provided for effective binary options trading.  Binomo investment do not currently offer Forex trading.

Customer Support

Binomo - customer support and help
Binomo – customer support and help

Binomo offers live chat function to new information and solve problems. This function is available on a desktop or mobile device, and it is located at the bottom of the screen in the form of a red icon. Also here you will find the opportunity to contact Binomo support via Skype or email. They also have a Facebook page and Google maps embedded into their website.

Contact Details

If you have a specific query about your account you’ll need to contact them in person due to security. Alternatively, if you find that contacting your investing partner isn’t working, you can contact us and we will be more than happy to try on your behalf.

Email: support@binomo.com

Address: Dolphin Corporation, First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.

Conclusion

Binomo platform offers a minimum deposit of $10 and a minimum trade amount of $1.  $10 is less than you would lose from one trade on many of the other popular platforms with a minimum trade requirement of $25.  In same cases you need verify Binomo account to be able withdraw money. In addition to this, their demo account is straight forward enough to encourage most newbie traders to give it a go. All you need to enter is your email address. Binomo has reasonable customer support, simple website. The system is protected from fraud. So Binomo is a good choice for a new traders.

7 Comments on “Binomo – 1st Trust Broker Review”

  1. I have made deposit transaction of INR 350 on 3rd august 2020 and INR 3500 on 5th august 2020 to my real account. but the amount was deducted from my bank account and not reflected in my binomo real account. please solve this issue. if deposit not possible please return to my bank account.
    thank you binomo

    1. Sometimes it take time to add funds to trading account. In case if you have issue with adding funds to account trader need contact to Binomo support by email.

  2. Love Binomo broker. I made here more than 200,000 usd this year… So happy and so crazy with these money… Just bought a BMW for 27,000 usd

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