Binomo is a safe broker and has clients from all parts of the world. It has been the market for some time and has continually gained an excellent reputation. Besides, it runs under the regulations of FinaCom.

The first step to execute your trades at Binomo is to create an account. It is a free and straightforward process. After that, you select the products that you wish to trade. Ideally, you should practice in a demo account until you are comfortable enough to commit your real cash.

Once you have your account, you can carry out trades using the browser in your device. You don’t have to download and install applications. With good internet connections, launch the platform and begin to trade. You have to select the asset you wish to stake and indicate whether the price will move up or down.

Binomo: How to register your trading account?

Opening an account at Binomo is fast and free. The first thing is to choose your favorite currency. Of course, it is possible to change that information later. The next thing is to insert your email. Choose a password and accept the terms. Finally, confirm your registration through your email account.

How to trade with Binomo?

First, deposit your funds on their trading app and then trade the binary options available. Binomo offers an app, meaning you can trade from your smartphone. To make money, you will have to place your stake and achieve an overall trading rate of more than 65% to make profits.

Best online trading strategies

There is no strategy that one can consider to be entirely perfect. However, there are several that if you follow the plans appropriately, you will earn awesomely. It is a must that you get to know your operations correctly. Besides, you have to adhere to the rules when using any strategy.

The broker began its operations in 2015. It focuses mostly on traders who begin with Binary Options as it has an easy to understand the platform, low trades, and low deposits. The minimum deposit is $ 10. Moreover, you can execute your trades with as low as $ 1.

In 2015, Binomo got recognition as the best Binary Options for starters. Besides, it also won another award from IAIR in 2016. The broker belongs to Tiburon Corporation Limited, whose locations are in Seychelles. Stanford Resources LTD, situated in Cyprus, is the company that runs the financial operations.

Binomo Trading Platform Reviewed

The broker’s team of experts came up with the platform. The design is excellent and appealing to the users. They put into consideration the inexperienced traders as they can easily understand it.  Binomo login takes only 5 seconds according to the test.

You carry out the negotiation directly on the web interface. Besides, mobile devices are a platform for tablets and smartphones via applications for iOS and Android.

There is only a single type of operation at Binomo. Call/Put is the typical operation in Binary Options to simplify the trading for the users.

Binomo Bonus and Bonus Account Types

Binomo has four types of accounts.

1. Demonstration Account

The demo account has an objective to train and allow you to familiarize yourself with the platform. Trading in the demonstration account is not similar to the real ones. Therefore, success in the demonstration account does not mean that you will automatically succeed in trading real money. In the demo, there is less emotional attachment. You tend to relax since there is nothing to lose.

2. Standard Account

Most people use the standard account the moment they get into real cash trading. The minimum deposit is $ 10, while the minimum trade size is $ 1. Through the account, you can access popular financial assets with 85 percent fixed profit. Besides, deposit bonuses are accessible. The withdrawal process takes up to three business days. With a standard account, you can get involved in tournaments.

3. Gold Account

The minimum deposit at Binomo Gold account is $ 500. It offers more trading assets and a higher percentage profit than a regular account. The withdrawal process is quick and will only take you about one business day. You get the assistance of a personal manager in the negotiation process.

4. VIP account

The minimum deposit at the VIP account is 1000 dollars. Besides, the accounts receive a bonus of up to 100%. In comparison to Gold, the number of assets available for trade is even larger. Besides, the withdrawal process is quick, taking about four hours. The support is accessible through Skype.

Deposits and Withdrawals at Binomo

The most common payment methods at Binomo include Visa, MasterCard, and Bank Transfer.

The money will be available in the account within minutes. It is important to note that you make withdrawals with a similar method that you used to deposit.

Pros of Binomo

• Easy start

Any user can open a real account with a minimum deposit of $ 10. That opens access to all the goodies that come with the platform, such as getting involved in tournaments.

• Demo account

The opportunity to test the platform is great. It is suitable both for beginners and expert traders.

• Analytics

Other than trading in fixed contracts, Binomo allows you to trade in fixed contracts. There are various strategies for market prediction.

• Customer-oriented payment policy.

You will find that payments are weak points for most brokers. However, it is not the case with this broker. All transactions are as per the details provided in the official website of Binomo.

• Tournaments

It is an outstanding feature that makes Binomo a competitive broker. It holds a daily free tournament that comes with $ 300-600 funds. There is also a paid tournament that has funds of between $ 1,500 and $ 75 000.

• Onboarding for beginners

After its launch, the broker paid more attention to beginners. The audience has since increased, but Binomo continues to offer trading education.

• Round-the-clock performance.

The broker offers a range of assets from cryptocurrencies to OTC currency pairs.

Cons of Binomo

• There is a relatively small assortment of assets.

It is not a very serious downside, but it is notable, especially when you compare Binomo with other brokers. Binomo has around 45 different assets types while there are brokers who offer more than 100.

• It is inaccessible to traders in the US and several European countries.

However, it operates in several countries such as South America, Asia, etc.

• There are limited trading contracts on binary options.

You can only use classic Call/Put.

Conclusion

There are several educative tools that you will find at Binomo. For example, you will find numerous videos and ebooks that come in different languages. You access all that through opening a demo account.

Unfortunately, the broker won’t teach everything that a beginner requires for achieving positive results in the long run. It is the same case with all other brokers. It is recommendable that you tale a comprehensive course.