Binomo is a binary options broker that claims to be client-oriented in creating new trading possibilities in the market. The broker provides a wide range of financial assets to trade. In addition, the trading platform boast of providing high-quality brokerage services and top-notch support services for the best trading experience for its clients.
The broker is owned by Tiburon Corporate Limited which is a registered company in the Republic of Seychelles. This catches my attention, as it proves to be quite legit. The broker was founded in 2014 and is based in, Suite 1, Second Floor, Sound and Vision House, Francis Racher Stir, Victoria, Mahe, Seychelles. The company is available for any inquiries on email address firstname.lastname@example.org. This article will highlight the outstanding features of Binomo broker and why it has proven to be one of the best binary options brokers.
To start, Binomo has been a member of the International Financial Commission since May 2018. The International Financial Commission is an independent body that settles financial disputes. Being part of this body guarantees customers compensation of claims where there is need. The compensation is executed in a fast way. Other than that, the commission provides a neutral environment for the resolution of any claim.
As such, by being part of the International Financial Commission, the broker reassures its clients a transparent trading relationship. This goes to show that the broker is truly to be trustworthy.
If you are wondering how safe your funds are with Binomo, here is the good news. The company has insured its client’s risks. Other than that, their website is secured by SSL-Security COMODO guaranteeing that all your personal information is safe. Last but not least the broker is certified by CROFR and therefore leaves no loophole for any security threats.
Here is a list of Binomo’s competitors:
Firstly, all credit card payments are accepted. That is Visa, MasterCard among others. This reassures the company’s payment security features.
Secondly, the minimum amount allowed per deal is $1 while the maximum is 1000. As such, new traders who want to invest at the least possible risk can easily invest in the broker. Other than that, there are no commissions charged when depositing or withdrawing and withdrawals are executed within 24 hours. On that account, Binomo shows that it is not only interested in generating revenue but also in their customers’ specific trading needs.
Binomo offers a demo account from which you can learn to trade. The broker offers up to $1000 virtual money that allows you to trade in your demo account. Therefore a new trader can study tools, assets and practice trading strategies. It is from this demo account that one builds the skills and confidence to trade in the real account. As such, with this company, you do not have to risk your funds by starting with a real account, unlike other brokers.
Types of accounts
The broker has 3 different types of trading account each with its distinctive feature to ensure that all different customer needs are covered. The 3 accounts are Standard, Gold and VIP account. All the three accounts are extensively discussed in their website to ensure customers are well informed before choosing the account to invest.
In addition, the VIP and Gold account provides for a personal manager who helps you manage your trading actions. As such you are able to maximize profits and minimize losses with the help of an expert.
The tournament feature for Binomo is one of the feature that separates it from other brokers. After you have taken part in a tournament, any monetary funds awarded as a prize is credited to your real account. However, the money can only be withdrawn if the prize is activated in your personal account unless stated otherwise in the specific tournament policy.
Promotion and Bonuses
Look out for the promotion offers by Binomo. Their promotion offers up to 100% bonus on deposit. However, the bonuses only last for a couple of hours and therefore, needs one to act fast. Similarly, the bonus is not valid for first-time deposits.
Mobile App Trading
The company has gone an extra mile in ensuring that you can trade anywhere using their mobile trading app. The Binomo mobile trading app is available on App Store and Goggle Play. The app is supported by iOS and Android Device.
The company boasts of its different wards in the industry as seen from the website. The awards are IAIR Awards 2016, a global prize for excellence in global finance and global economy and FE Awards of 2015. As such, these awards enhance the legitimacy of the broker proving that it can be trusted with your funds.
Having highlighted all its features, Binomo has proved with no reasonable doubt to be a trustworthy trading platform. As such, if you have been toying with the idea of investing in binary options, Binomo is a good platform to invest
In conclusion, investing in binary options is not a guarantee of large gains and profits. Binary Options Trading involves risks, therefore, before investing, make sure you are aware of the specific risk associated with your choice of broker. I recommend you invest in a platform with minimal risks. On that account, I hope this article will help you make a good decision.
Price - 50%
Ease of Use - 85%
Platform - 89%
Feedback - 70%
Support - 83%
3 types of accounts
Some minor negative feedback