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Binomo

Established:                           2014
Location:                         Seychelles
Regulation:                      NONE
Offices:                           Mahe, Nicosia
Leverage:                         up to 1:200
Deposit:                           10 USD
 

Trading Details

Leverage

up to 1:500

Instruments

Web Trading, Binary Platform.

Platforms

Currencies, Crypto, Indices, Metals.

Account types

There are many account types available from Binomo, all of which require different deposit amounts and offer a range of benefits:

Standard Account

You can open a Standard account with just $10 and get all of the benefits of trading on the platform which include:

  • 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 and great customer service support

Gold Account

A Gold account requires a minimum deposit of $500. In addition to the above, Gold account holders receive an extended range of assets to choose from, faster withdrawals (up to 24 hours), increased bonuses, advice and analytical support plus a weekly cashback amount of 5%.

VIP Account

For those who are more serious about trading, a VIP account requires a minimum deposit of $1,000. VIP accounts give you, the account holder all of the above benefits plus bonuses of up to 100%, fixed trade profits of up to 87%, withdrawals in less than 4 hours and a weekly cash-back of 10%. It also gives you access to all assets on the platform.

Despite the platform offering a VIP account, the deposit is still low in comparison to other brokers who require a much larger deposit on their top end account. Low deposits further indicate that this broker is a fantastic choice for those that are new to trading.

Availability

Binomo accepts clients from all over the world, excluding USA and some countries where restrictions apply.

Demo account

Yes

Pairs Offered

 +70 pairs

Account currency

USD, AUD, EUR, GBP.

Payment Methods

MasterCard and VISA, Webmoney, Yandex.Money, QIWI, SMS-banking, Neteller.

Deposits and withdrawals

Binomo broker has a traditional registration procedure: all you need is to fill out the online form, choose the type of account and its currency. Registration of any account (trading or training) will only take about 3 minutes.

As for withdrawal, traders have the widest choice of payment services (MasterCard or VISA, UnionPay, WebMoney, Neteller, QIWI, etc.), and the company insures all transactions go smoothly and efficiently. The client agreement provides that withdrawal from a trading account should take less than a day. However, Binomo broker is always making advances to make the process as fast as possible, regardless of the type of the account or the amount — usually withdrawals take 4-6 hours, depending on the payment system.

Distinctive features

  • Simple registration and verification process.
  • Various binary options available for trading.
  • Cryptocurrency funding accepted.

 

 

Company information

Binomo is a legally registered binary options broker located in the Seychelles, but not regulated by any government agency.Binomo is also a member of the international Financial Commission (FinaCom), an independent dispute resolution organization.

Trading instruments

Binary options broker offers the following underlying assets for trading.

  • 10+ Currency Pairs Based on major world currencies.
  • 2 Crypto BOs Based on Bitcoin and Litecoin.
  • 1 Crypto Indice BO Based on a basket of different cryptocurrencies.
  • 5 Indice BOs Based on baskets of different blue-chip stocks.
  • 1 Metal BO Based on Gold.