Binomo - Account WIKI Platform & Assistance

Trading Platform

Binomo boasts a proprietary trading platform exclusively for its traders. The platform utilizes SSL protocol to encrypt and secure all data, ensuring the safety of funds in any trading conditions. The security of customer data is of utmost importance, as it determines the degree to which Binomo can protect financial information.

To deposit or withdraw funds on Binomo, user need to provide sensitive financial information like credit card numbers, bank details, and personal data. This makes platform security important. It protects both you as a trader and Binomo's reputation.

Binomo's platform has many useful components to improve user's online trading experience. With more than 20 graphical tools, user can analyze trading charts and history. Hotkeys allow to quickly access and trade online, and they are unique to Binomo. Binomo also has an economic calendar integration and independent tabs for use with various charts.

Binomo's platform is efficient and scalable, with one-click trading and a quick refresh rate. This allows traders to seize opportunities as soon as they appear. Binomo has evaluated and integrated essential elements to help traders succeed.

Trade Types

Binomo offers High/Low trade types, which are the standard call/put derivatives. Turbo trades are similar but with shorter time limits. Although Binomo doesn't have a wide selection of trade types, they provide non-stop trading availability. User can trade anytime, even on weekends, which distinguishes them from other online brokers.

Regulation

Binomo is regulated and a Category A member of the International Financial Commission (IFC). This assures traders of the safety of their funds and speaks to Binomo's reputation as a broker. The IFC also has a compensation fund for its members, which protects traders for up to 20,000€ if something were to happen to compromise their funds.

Binomo is certified by the FMMC and regularly audited by the VerifyMyTrade branch of the IFC, with their last audit passing the standards for execution quality on February 13th, 2020. These audits and certifications speak to Binomo's integrity as a broker.

Furthermore, Binomo is in the process of acquiring a license via CySEC. These certifications, audits, and regulations are signs that Binomo is a reputable broker with favorable trading conditions.

Binomo Account Types

When comparing online brokers, one of the first steps is to examine the different account types they offer. Binomo offers three account levels: Standard, Gold, and VIP. Each level offers various benefits, and as investment increases, so do the potential yields and bonuses.

Standard

For beginners, the standard account is a good match. It only requires a $10 deposit and gives access to 39 assets on the platform. Focus on understanding user's work instead of being overwhelmed by many choices. Participate in Standard tournaments and receive payouts within three days.

Gold

For those who can invest more, the Gold account is the next level. It requires a $500 deposit and gives access to more assets than the Standard account (42 instead of 39). User can withdraw payouts within 24 hours and participate in Gold tournaments, which offer the potential for higher earnings.

Overall, Binomo's account levels offer various benefits depending on user's investment level and experience.

VIP

The highest account tier is VIP and offers all the features expected from VIP status. With a $1000 deposit, traders get quick access to funds, over 55 assets to trade, higher yields, and bonuses. Traders also receive a VIP manager to assist with their investments and potentially offer bonuses.

Other features include VIP tournaments, up to 90% profitability, up to 200% deposit bonus, investment insurance, individual offers, and a personal manager. Experienced traders will benefit from this account type, especially in maximizing ROI.

Binomo Demo

When considering an online broker, it's important to explore the demo account to evaluate the platform and see if it offers the desired tools and features. Binomo offers a free demo account with $1000 in virtual funds to practice strategies and become familiar with the platform before investing real money.

Assets

Binomo offers an extensive selection of assets, including:

Commodities
CFDs
Currency pairs
Indices
Commodity pairs

At the highest account level, traders have access to 49 assets across various types, providing ample choices to pinpoint preferred trading options.

Binomo Trading App

Expert Option recommends considering a trading company's mobile app, which allows for trading from anywhere and can increase payouts. Binomo offers a mobile trading platform with notifications to alert traders of market trends and trade preconditions.

Trading on Binomo

Binomo doesn't charge fees or commissions, but do earn money when traders lose money on a trade. This means that for traders who invest large amounts, it can be a lucrative investment. VIP clients have access to higher payouts and bonuses, while standard traders don't have to worry about spreads or commissions. Binomo doesn't offer leverage, so if it's important, consider another platform or broker.

Binomo Bonuses and Promos

While many brokers offer bonuses and promotions for first deposits, Binomo currently does not have any advertised. They do, however, have regular tournaments unique to different account levels. Entry costs range from free to $30, and prize funds begin at $300 and can reach up to $40,000. Gold and VIP account levels offer bonuses as well, as mentioned in the accounts section.

Deposits and Withdrawals

Binomo requires a minimum deposit depending on the type of account user choose. A Standard account costs as little as $10, while a VIP account requires at least $1000. When withdrawing funds, a 10% fee may apply if user haven't made enough trades. The website uses SSL to secure trader's data, and deposits up to $20,000 are protected against fraud. User can make deposits and withdrawals using a variety of methods, including Credit Cards (Visa and MasterCard), Neteller, Jeton, and Indian Banks.

Is Binomo A Scam?

Binomo is a legitimate online trading platform used by thousands of traders from 133 different countries. It is not a scam and is a category "A" member of the International Financial Commission (IFC) which includes up to $20,000 in protection for case disputes. By joining the IFC, Binomo shows its commitment to high standards of conduct and business practices.

Final Thoughts on Binomo

Binomo is a user-friendly trading platform with a wide range of features and tools for traders of every skill level. Its mobile app is seamless and its low $10 minimum deposit is appealing to new traders. Binomo's charts and strategic tools can also satisfy more disciplined traders. Overall, it's a solid and reliable trading broker.