The Binomo trading platform is mainly aimed at beginners, but the favorable conditions it offers will interest traders of any level. The company is a licensed financial institution with certification by regulators.<\/p>\n
In 2015 and 2016, the company received an award for the best trading platform of the year. Considered the convenience of trading for beginners. In 2018, the independent supervising organization Financial Commission (FINACOM LTD) raised the status of Binomo to category A. This, firstly, shows a high reliability rating, and secondly, raises the compensation fund by one claim to 20 thousand euros.<\/p>\n
It is a fact that, since 2016, Binomo has continued to maintain its leadership on the market, competing with 2-3 companies that are also very popular among users. This suggests that users are being offered really favorable conditions for cooperation. Let’s consider the main advantages and disadvantages of this company’s trading platform.<\/p>\n
Advantages<\/strong>:<\/p>\n Disadvantages<\/strong>:<\/p>\n Account. Deposits and withdrawals start at 10 USD or EUR. There are more than a dozen ways to credit your account: cards, payment systems, banks, cryptocurrencies. National currencies are supported based on the trader’s country of residence.<\/p>\n Trades. Investments from 1 dollar or euro. Three types of contracts: \u201cabove\/below\u201d with expirations of 1 hour, turbo contracts with terms of up to 5 minutes, and also for price difference (CFDs) with unlimited durations. The profitability of classic contracts is up to 89%.<\/p>\n The total number of assets on Binomo is 50. There is a large selection of currency pairs and shares. There are also indices, commodities, and cryptocurrencies. There is a unique asset for 24-hour trading, the crypto index. CRYPTO IDX is characterized by stable volatility, which makes it popular with those who trade on technical analysis strategies.<\/p>\n Since 2015, Binomo has maintained its own terminal with unique functionality. This is not a standard solution on the market, but an advanced one that only leaders of this industry can boast having. There is a web terminal for computers, as well as modified versions for iOS and Android.<\/p>\n Web terminal features:<\/p>\n The terminal interface enables you to open multiple independent tabs. This is convenient when trading multiple assets at the same time. For example, if low volatility is fixed for one currency, then you can open the chart of another asset. All the chart settings in the current window, including the indicators and timeframe, will be automatically transferred to the new tab.<\/p>\n DEMO ACCOUNT<\/strong>. This is opened for all users immediately after signing up. The unlimited demo account and video tutorials on trading are available.<\/p>\n STANDARD<\/strong>. This base level is available after making a deposit in the amount of 10 to 499 dollars. It offers real trading, withdrawals of funds, and participation in tournaments. The maximum profitability of contracts is 85%, you get the basic set of assets, and the payment period is up to 3 business days.<\/p>\n GOLD<\/strong>. This is offered for deposits in excess of $500. A lower premium status. The additional privileges include an increase in the processing speed of payments to within 24 hours, the profitability of contracts is up to 86%, and there is access to private strategies from Binomo specialists.<\/p>\n VIP<\/strong>. The highest service status available when depositing amounts of $1,000 or more. An individual manager is assigned to each VIP client. Free training with a personal trainer is offered and traders are given the highest priority from the Support Service, as well as various unique offers designed specifically for the client. The payment processing time is reduced to 4 hours.<\/p>\n The initial sign-up process has been reduced to a minimum. Only an email address and password are required of the user. A key decision on the account currency also needs to be made during this first stage. It will not be possible to change it in the future. Dollars and euros are available, as well as the national currency of the trader’s country of residence (rubles for Russia).<\/p>\n All users are encouraged to choose dollars. USD is a universal world currency that is supported by a variety of payment systems. Moreover, if you choose your national currency, this will immediately impose restrictions on the range of available depositing methods. In addition, the size of the minimum investment could be increased as a result of the exchange rate in relation to the dollar.<\/p>\n Payments start at 10 dollars or euros or the equivalent amount in your national currency. You can get money only through the system or bank card with which you made your deposit. There’s a maximum of $200 per request, but the number of requests is not limited, i.e. there is actually no limit on payments. When withdrawing large amounts, we might request verification of the client’s passport information. That’s why you have to register your account using your real information initially. These are the requirements of international financial law, it is not a personal decision of the company’s management.<\/p>\n The Binomo platform offers an unlimited demo account. Beginners use it for training and professionals use it to test risky strategies. The advantage is that in the case of a loss, you can restore your account balance to its original value ($1,000 or 50,000 rubles) in just one click. It is also possible to quickly switch between real and demo accounts without changing terminal or trade settings.<\/p>\n The availability of a demo mode opens up unlimited opportunities for independent studying of trading using practical materials. There are tons of educational materials on the internet that will help you independently master the skills of trading on financial markets. And the video tutorials on Binomo will help you acquire the basic trading skills.<\/p>\n Two options are offered: the classic mobile terminal and a special application for CFD trading. As for the latter, this is experimental functionality which is still in the public beta testing stage. CFDs are already available for trading on the Binomo app for iOS. The functionality of the platform is identical to the classic version of the mobile terminal.<\/p>\n The standard mobile terminal allows for classic contract trading with expirations of 1-60 minutes, as well as the use of three indicators (Bollinger Bands, Alligator, and Moving Average). You can credit your account, withdraw funds, and communicate with support team specialists.<\/p>\n Binomo is primarily aimed at beginner traders for whom the issue of learning is crucial. Video tutorials where company specialists examine the key aspects of trading in detail are available to all users. A glossary of terms and trading FAQ are also available. The training program is constantly being updated and supplemented with new materials.<\/p>\n Free training with a personal trainer is also offered. You will not have to pay any fees for this, however it is only available to VIP users. Not everyone can afford to invest $1,000 or more in a trading account. An individual approach is the most effective in terms of the speed of mastering the skills of trading.<\/p>\n The availability of 14 indicators and various chart tools opens up many opportunities for trading and implementing bold experiments. Beginners are offered ready-made trading systems with proven efficiency. Step-by-step trading instructions are available from the Help section, or directly from the trading terminal.<\/p>\n All the strategies published on the Binomo website have been thoroughly tested by experts. They are simple yet effective. Detailed guidance on using trading systems makes them accessible to even beginners who do not have any trading experience. All novice users are urged to trade for the first time on ready-made systems. In particular, if the trading is being conducted on a real account. This will help you avoid huge mistakes, while at the same time you’ll be acquiring practical skills.<\/p>\n The company’s trading conditions are appealing to most traders, regardless of their level of experience. FMRRC certification, more than 4 years of excellent operation and a good reputation, the company’s high rating, the large number of positive reviews, and its popularity among users – all this indicates how reliable the company is. However, at present, it is not for those who want to conclude long-term trades – for a day, a week, or a month. The company limits the expiration of a trade to a period of 1 hour. Perhaps this restriction will be lifted in the future. But for now you can trade CFDs, where the duration of trading operations is not limited.<\/p>\n","protected":false},"excerpt":{"rendered":" Binomo entered the financial market in 2014, at the very beginning of its inception. In just 10 months, it emerged in the top three, which is where it still confidently stands today. <\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/turboluck.com\/wp-json\/wp\/v2\/posts\/1162"}],"collection":[{"href":"https:\/\/turboluck.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/turboluck.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/turboluck.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/turboluck.com\/wp-json\/wp\/v2\/comments?post=1162"}],"version-history":[{"count":10,"href":"https:\/\/turboluck.com\/wp-json\/wp\/v2\/posts\/1162\/revisions"}],"predecessor-version":[{"id":1912,"href":"https:\/\/turboluck.com\/wp-json\/wp\/v2\/posts\/1162\/revisions\/1912"}],"wp:attachment":[{"href":"https:\/\/turboluck.com\/wp-json\/wp\/v2\/media?parent=1162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/turboluck.com\/wp-json\/wp\/v2\/categories?post=1162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/turboluck.com\/wp-json\/wp\/v2\/tags?post=1162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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Trading conditions<\/h2>\n
Underlying assets<\/h2>\n
Trading platform<\/h2>\n
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Types of accounts<\/h2>\n
Opening an account and withdrawing funds<\/h2>\n
Demo account<\/h2>\n
Mobile trading<\/h2>\n
Trader training<\/h2>\n
Trading strategies<\/h2>\n
Should you trade with Binomo?<\/h2>\n