Today I’m looking at a new innovative binary options brokerage that offers traders a $1000 demo account so that traders can adjust their platform, Binomo. This broker sells itself as “a client oriented company, trading new possibilities in the market of leading trading technologies.” They believe that they have the highest quality platform on the market, any ability to educate and handle any level of binary options trader.
The brokerage is owned by Tiburon Corporation Limited, which is located at Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles. All payment transactions are carried out by Stagord Resourced LTD. at Evagorou, 27,Irene Building, 4th Floor, Flat/Office 44, Trypiotis, Nicosia, 1066, Cyprus. To contact support you can use email, email@example.com or Skype support.binomo.
For a full list of our Best Binary Options Broker Reviews go here.
The Binomo.com Binary Review
The main platform benefits consists of 4 main points. The creators of this brokerage believe that these reasons are reason enough to choose their platform over any other.
- Open account with only $10
- Trade as little as $1 per transaction
- Unique nonstop trading
- Work on the weekend
Now, let’s go over some of these elements in more detail. It’s very clear that the brokerage offers quite a bit of flexibility to new traders and traders that want to start with a limited budget. Personally, I suggest that you save up a few hundred dollars before you start trading live, but if you are interested in just getting the feel for live trades then trading a few small transactions would be beneficial.
Binomo also offers traders the option to open multiple trade simultaneously. They feel that traders can benefit greatly from trading multiple assets at one time instead of waiting for trades to finish before opening another. They also mention trading on the weekend, but they don’t provide much detail into this aspect of the platform. I don’t know how this would work, considering the market is closed during the weekends. It’s possible they are referring to long-term trades that can be opened up on the Friday and then finished on the Monday, this is the only thing that makes sense to me.
Binomo App Download
The android application is available on the Google Play Store. It currently has over 6800 reviews, with a 3.8 out of 5 star rating. This is a pretty impressive rating, especially considering that many of the negative reviews I’m seeing are just customer support requests that shouldn’t be reviews.
The developers tell us we should choose the Binomo App Download because it provides a free demo account, returns up to 95%, as well as bonuses and tournaments. They are also providing free training, video tutorials and a knowledge base as a gift for traders that sign up and download the application.
Current Community Feedback
There are currently varying opinions on the Binomo brokerage, with reviews from many different sources. There are a handful of positive and negative reviews, so it’s hard to determine who is telling the truth.
The latest review I’ve read is from a Brazilian man who claims that the brokerage will block your trading account if you win. This is a pretty aggressive claim, and there are no details to the story so I’m not sure we can fully trust this account.
There are a few other negative reviews, but positive reviews as well so it’s unsure where we should stand on this one at this point in time.
There are certainly elements of the Binomo website and overall experience that I appreciate. The application download looks quite impressive with thousands of positive reviews but some of the customer feedback is not as palpable.
Please feel free to leave your thoughts and opinions on this brokerage now.
Price - 50%
Ease of Use - 71%
Platform - 76%
Feedback - 35%
Support - 68%
Some negative feedback