BINOMO BROKER REVIEW
The advantages of Binomo:
- Minimum deposit of only $10
- Free demo account no deposit
- Withdrawal processing is fast
- Wide range of assets to trade
- Customer support available 24 hours a day, 7 days a week
What is Binomo?
Binomo is a company with a strong presence in the market, brought to Brazil in 2017, but with a recognized reputation and international credibility. Initially founded between 2014 and 2015, the company has its own independent platform, which guarantees greater mobility and security for internal transactions.
The platform is admittedly suitable to serve mainly less experienced investors or those who want to start their studies and have their first real experiences with high-risk investments. With a very intuitive layout, the platform can easily be considered one of the most user-friendly and simple to use by users with little or no technical knowledge.
Another very interesting differential, and until then exclusive to Binomo, is the minimum amount required for differentiated deposits, which varies around 25 times lower than that charged by some of its main competitors, for example. Not to mention the free tournaments with cash prizes, learning tools provided by the platform and many other attractive facilities available to registered players.
How does Binomo work?
All operations are carried out in real time, according to the real quotes of the assets and in a record time of fractions of a second. In this way, the possibility of losses even before starting a position can be reduced considerably.
To invest, simply access the platform through the app, select the desired asset, then the amount you want to trade and, finally, a direction – up or down. All ready. Now just watch the income from the movement and bill! If the movement takes place in the selected direction, the respective profits will be automatically added to the available funds.
Non-Stop trading mode
Have you ever encountered the recurring difficulty in other services of opening more than one order at the same time? Well then. The fact is that many investors follow strategies that include buying the same or other assets simultaneously. It's a very common practice. However, the vast majority of investment companies in this category do not offer this type of advantage to their clients. With that in mind, Binomo has expanded the capacity of its platform to also enable this maneuver.
As of this year you will be able to open more than one order in different markets or on the same asset.
Mobile devices and apps
Binomo operates from its own trading platform, available for IOS and Android smartphones. The application has several trading tools, analysis, and different types of charts, which can easily be adapted to the preferences of any profile.
Therefore, despite having an interface and simplified investment mechanisms, the platform manages to deliver what it promises also to more experienced investors.Sign up for free and start investing the right way at binomo.com.
What types of assets can be traded?
With more than 80 options of tradable assets, the Binomo platform supports movements in the most diverse options of currency pairs, multinational stocks, commodities and cryptocurrencies. Before creating your investor registration, it is worth mentioning some relevant points regarding each of these investments and their applications.
Currency Pairs: This is the type of asset in which two currencies are always used together in a trade. The first is the base currency. And the second, responsible for the variation that will cause profits or losses.
For example: In the EUR/USD pair the base currency will be the Euro and the second currency will be the Dollar. In a simplified way, when operating with this currency pair, the investor would be Buying Euros using the Dollar as the purchase currency. This trade would be based on the actual quote of both currencies at the time of purchase. So, if the base currency, in this case the Euro, appreciates in a certain period of time, the chart will oscillate upwards. If instead the currency loses market value, the chart will oscillate downwards. The same happens in relation to the Dollar, but in an inversely proportional direction.
Shares of Multinationals: Large publicly traded companies such as Apple, Facebook and Google can also be traded through the platform. This investment model is a little simpler, as the appreciation or devaluation is defined by fewer variables than the example explained above.
Commodities: Gold, Silver, Other Precious Metals and Oil are some examples of the most commonly traded commodities.
Account Types
There are two account types available at Binomo. One of them may have a small variation depending on the user's investor profile. These are the Real and Demo accounts.
Demo Account: This is automatically created from the moment the user completes his registration on the company's website. Once “affiliated” to the platform, this user will receive the fictitious amount of $1000 credited to their account. In this way, the user will be able to test their skills and investment strategies, as well as test the application in general and become familiar with the platform.
Real Account: In the standard account model, for investments with real money, the user can make any deposit above $10 dollars and start operating the account normally with investments above $1 per transaction. Being that, when opting for deposits above $1000, the investor will automatically gain unrestricted right to several “facilities” in the company. Thus unlocking numerous additional functions on the platform such as support via Skype, up to 100% bonus in negotiations, faster withdrawals, among other benefits. In addition to earning the VIP Seal and raising your e-wallet. For GOLD Accounts the minimum deposit amount is $500 and the benefits are equally interesting. It is worth checking.
To register right now and earn $1000 in dummy chips in the Demo Account, visit the platform's Official Site at binomo.com.
Demo Account: This is automatically created from the moment the user completes his registration on the company's website. Once “affiliated” to the platform, this user will receive the fictitious amount of $1000 credited to their account. In this way, the user will be able to test their skills and investment strategies, as well as test the application in general and become familiar with the platform.
Real Account: In the standard account model, for investments with real money, the user can make any deposit above $10 dollars and start operating the account normally with investments above $1 per transaction. Being that, when opting for deposits above $1000, the investor will automatically gain unrestricted right to several “facilities” in the company. Thus unlocking numerous additional functions on the platform such as support via Skype, up to 100% bonus in negotiations, faster withdrawals, among other benefits. In addition to earning the VIP Seal and raising your e-wallet. For GOLD Accounts the minimum deposit amount is $500 and the benefits are equally interesting. It is worth checking.
To register right now and earn $1000 in dummy chips in the Demo Account, visit the platform's Official Site at binomo.com.
How to open a free Demo Account and start investing?
To gain access to the Demo account, just successfully complete the registration on the platform for free. Once this is done, $1000 in fictitious money will be made available that can be used in any of the investments available on the platform.
If, instead, the investor wants to go straight to investments that yield real profits, a first deposit of at least $10 must be made. Once this is done, you can invest your money in applications of at least $1 dollar whenever and however you wish.
It is also worth noting that, unlike most companies that provide this type of service, Binomo also offers the possibility of multiple simultaneous investments. This means that the investor can trade more than one Option at the same time. In other words, it allows for a better management of the funds available in the account and, consequently, a better use of your time and your earning possibilities.
In the Demo Account you can invest without any risk, check it out for yourself at binomo.com.
If, instead, the investor wants to go straight to investments that yield real profits, a first deposit of at least $10 must be made. Once this is done, you can invest your money in applications of at least $1 dollar whenever and however you wish.
It is also worth noting that, unlike most companies that provide this type of service, Binomo also offers the possibility of multiple simultaneous investments. This means that the investor can trade more than one Option at the same time. In other words, it allows for a better management of the funds available in the account and, consequently, a better use of your time and your earning possibilities.
In the Demo Account you can invest without any risk, check it out for yourself at binomo.com.
How to make cash deposits and withdrawals?
In this regard, the platform left a little to be desired, since most companies in this sector available in the market always offer around 20 or more payment methods! It is not yet clear why the company chose to keep the number of means of deposit reduced, but it is certainly a point to be observed and improved in the future. Mainly for the clearest reason of all: to offer greater convenience to customers from the most different regions of the world, with their respective needs.
The main payment methods accepted by Binomo are: Bank Transfer, Visa, MasterCard, Neteller, QIWI, Webmoney, Yandex and Skrill.
The main payment methods accepted by Binomo are: Bank Transfer, Visa, MasterCard, Neteller, QIWI, Webmoney, Yandex and Skrill.