Binomo Trading Platform Review
Binomo Broker Review
Binomo is an online binary options broker which was started in 2014. It is owned by Tiburon Corporation Limited and offers binary options investment and trading to its clients. There are mixed reviews on Binomo and we are here to set the record straight. If you are considering registering with this broker, make sure to read our Binomo trading review before you sign up.
The world of online investments is as interesting as it can be devious. From binary options trading robots through multi-marketing tools, the question remains which is the best profit amplifying method or strategy of them all? Each one claims that it is the most legit, but in the end most of them are just scam. Users are probably wondering to which group does Binomo belong. Read the present review if you would like to learn the answer.back to menu ↑
Binomo Binary Options Accounts
It is a great bonus for newcomers who want to join Binomo that it offers a free demo account which is funded with $1,000 right after one signs up. This way, everyone can test the features and capacities of the binary options robot before they invest actual monetary amounts. You can test-drive the brokerage platform with ease and without much efforts. All one has to do is fill out the registration form.
The Binomo broker offers three different types of accounts:
- Standard Account ($10 minimum deposit)
- Gold Account ($500 minimum deposit)
- VIP Account ($1000 minimum deposit)
Binomo seems to offer different bonus offers from time to time. When you register for the demo, you will have a timed bonus offer. During the month before that, there was another bonus offer for end of year holidays. They seem to be ranging from 25% up to 100%. You need a turnover of at least 30 up to 40x times your deposit depending on the size of your bonus.back to menu ↑
Withdrawals are not charged for according to the Binomo FAQ. However, the terms and conditions clearly state that should you wish to withdraw your funds before trading amounts up to at least twice the size of your deposit you will be charged a 10% fee. How much time the withdrawal takes depends on your account. Expect anywhere between 4 hours up to at least 3 days. Just make sure you have verified your account first by sending the required identification documents.back to menu ↑
Binomo – Is it a Legit Broker or Scam?
This binary options investment broker appears to be okay when you first approach it, but has some very dubious characteristics when you take a deeper look into it. Like the lack of data about the operational process and the team that founded the brokerage. For what is worth, they could be complete scammers and users might be putting their funds at risk when proceeding to sign up with Binomo. Therefore, until more information is made available, we can not recommend this platform to traders. They better opt for a more secure and trustworthy choice.back to menu ↑
Binomo Binary Options Broker Customer Support
The Binomo customer support service can be reached via live chat. It is available 24/7 and the team is reportedly quick to respond. Users can turn to them when they are in need of advice, guidance or help. If they just want to chat with others they can visit the Members’ Area and talk about anything they like. It is a good way to pass time and exchange experience.back to menu ↑
Binomo Broker Non-Stop Trading Mode
This is an exclusive feature provided by the binary options investment broker. The so-called Non-Stop trading mode allows users to open several positions at any given time of the day. They do not have to wait until the first one they have placed has reached its end date. It is proven for a fact, that they higher number of executed trades means that the chances for a successful outcome also increase. Binomo operates with a little bit over 50 assets from the 4 main categories, which is a bit low considering that most brokerages provide over 100.back to menu ↑
To Sum Up the Review
This binary options online broker has an equal portion of positive and negative features. The lack of substantial information about it is the main reason why we can not give users a final verdict whether it is scam or legit. Until more data is released or made available, it would be best for them to turn to a proven to be legit profit amplifying platform.
The broker claims that its main advantages are as follows: Top-class options trading service with a wide range of financial assets. Profitable trading conditions. Customers’ trading analytical support. Conditions that are suitable for traders with any level of qualification – tutorials for beginners. Fast and professional technical support.