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Overview of the Binomo trading platform

The international Binomo company offers its users a modern and functional service for generating additional income in the field of online trading. The platform operates in more than 130 countries and has around 1 million users daily. The terms of cooperation are suitable for traders of different levels, including beginners and advanced users. In this article, we will provide an overview of Binomo, looking at the key points and characteristics of the platform.

The company and certification

Reliability is the first criteria when choosing a trading platform for novice traders. That is why we will start our overview of Binomo with this point in mind. The company has been in operation since 2014 and is currently a member of the international Financial Commission (FinaCom PLC LTD). This organization acts as a financial regulator and guarantees compliance with the rules. The main advantage of FinaCom is their compensation fund of up to €20,000 per satisfied claim.

Platform conditions

  • Financial matters. Account crediting and payouts — starting at $10, bankcard and payment system support, payments within 3 days*.
  • Trading. Large selection of assets, minimum investment starting at $1, yield if correctly forecasted of up to 90% of the investment, expiry time within 1-60 minutes.
  • Training. Free training mode (demo account), information section for beginners, FAQs, recommended trading strategies for beginner traders.

*Payout period ranges from within a few minutes (for VIP members) to up to 72 hours (for the Standard account level). In some cases, it may take longer to process your payout dependent on the terms of the payment system you’ve chosen.

The trading terminal

The Binomo platform was created and is maintained by the development team at Binomo. This ensures constant expansion of functionality and prompt elimination of any deficiencies that are detected. There are regular updates of the terminal which provide new functionality and a more user-friendly interface. Having its own trading terminal is a key advantage of the platform, which has set Binomo apart from its competitors since its first years on the market.

Overview of the Binomo trading platform

Features of the Binomo terminal:

  1. round the clock trading— Support for 60+ assets (currencies, indices, metals);
  2. technical analysis— 16 indicators and 15 chart tools;
  3. fundamental analysis— economic calendar with up-to-date news;

Binomo is a member of the Financial Services Commission, which imposes stringent requirements on all certified platforms. Verify My Trade conducts a monthly audit of trade execution quality. For that purpose, VMT experts complete 5,000 trade checks, measuring key indicators including speed of execution. They then provide their opinion based on the results of the checks. For up-to-date information on this, please visit the Binomo section of The Financial Commission’s official website.

Mobile trading

More than half of internet users are more likely to go online from smartphones or other mobile devices. Binomo meets today’s challenges by offering adapted versions of the platform:

  • mobile version of the website— web terminal, available at Binomo.com;
  • iOS app— version for iPhone, iPad, and iPod touch, available in the AppStore;
  • Android app— platform for Android smartphones and tablets*.

Overview of the Binomo trading platform

The functionality of the adapted versions is comparable to the computer terminal, but there are some differences. Our website offers a separate article with a detailed overview of the mobile terminals from Binomo.

*Installation of the Android app is possible via the Google Play shop or manually using the APK package, which can be downloaded from binomo.com.

Trader tournaments

For this review to be complete, another unique advantage of the Binomo platform should definitely be mentioned — the regular tournaments for traders. The company holds competitions involving a large number of traders. The goal is to get ahead of the other participants and achieve the best trading results within a limited time frame.

Overview of the Binomo trading platform

The prize pools for these events range from $300 (for the daily free tournament) to $35,000 or more (for tournaments with a paid entrance fee, starting at $5). The finalists split the funds from the prize pool among themselves, receiving their rewards in their real accounts. However, the rules for specific tournaments vary, so you should familiarize yourself with them in detail before signing up.

Conclusions

To sum up, we can once again emphasize the high level of customer service offered by this company. The Binomo trading platform fully meets the needs of not only novice traders, but also more experienced market participants. The free sign-up and demo account allow users to evaluate the quality of this service before then making their decision independently.

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