Review of the Binomo Company
The advertisement of the broker Binomo is widely spread among traders and can be encountered in various places. Let’s analyze how trustworthy the rumors about the company are, explore its advantages and disadvantages, as well as bonus offers and much more.
Main Information
Despite being registered in Cyprus and offering services in 13 languages, Binomo is a purely Russian and post-Soviet platform. It is regulated by the Financial Markets Central Register with trading in dollars, euros, and Russian rubles. Many traders have come across Binomo promotions on Russian and Russian-speaking forums.
Main Data
| Year of foundation | 2014, Cyprus |
| Regulation | Russian, Financial Markets Central Register (RU 0395 AA Vv0120) |
| Trading platforms | Proprietary software, SpotOption |
| Markets and products | Currency pairs, bank metals, cryptocurrencies (BTC, LTC, Crypto IDX), commodities, stocks |
| Spreads | No fixed spreads |
| Minimum deposit | $10 |
| Account types | Three types with different advantages |
| Deposits and withdrawals | Various payment and withdrawal methods |
Binomo offers several types of accounts, each with special benefits and limitations. Let’s take a closer look at them.
| Standard | Gold | VIP | |
| Minimum deposit | $5 | $500 | $1,000 |
| Minimum investment amount | $1 | ||
| Account replenishment | Unlimited | ||
| Participation in tournaments | + | ||
| Special withdrawal conditions | Withdrawal per day | Withdrawal in four hours | |
| Bonuses and cashback | 5% | 10% | |
| Personal manager | + | ||
| Investment insurance | + | + | |
| Technical support | + |
Trading Platforms
Binomo offers its unique trading platform. The web terminal SpotOption 2.0 is available for each account type. It only requires a browser, including the mobile version. SpotOption 2.0 is compatible with various web browsers and supports popular indicators and charts.
Trading Tools
Binomo provides traders with options such as turbo and classic binary options with different expiry times.
The list of available assets and commodities is visible only in the web terminal. This ensures a high level of security and protection of your investments. The number of tools varies depending on the market situation, but on average, there are about fifty.
Technical Support
The technical support has good localization. The company has a Russian office that provides quality and prompt support to local traders. Complaints and requests are handled quickly and effectively.
Features
Binomo pleases newcomers with significant bonuses (up to 100%) for activity on the platform. Tournaments are regularly held to stimulate traders’ business activity. This is an excellent way to hone your skills without risking your own funds. Some tournaments are aimed at beginners, while others target experienced professionals.
Pros and Cons of Binomo
After five years of operation, Binomo has earned trust as a reliable brokerage platform.
Positive aspects:
- Wide range of products,
- Special focus on cryptocurrencies,
- Native Russian-language support,
- Beneficial bonuses for premium users.
Negative aspects:
- Some delay in withdrawals for the basic account,
- Absence of local currencies, main focus on the dollar, euro, and ruble.
Thus, Binomo is recommended as a reliable and promising trading platform.
I have had a positive experience with Binomo as a broker. The platform is user-friendly and easy to navigate, making it simple to place trades and monitor my investments. The customer support team has been responsive and helpful whenever I have had any questions or issues. I have also found the educational resources provided by Binomo to be valuable in helping me improve my trading skills. Overall, I am satisfied with my experience trading with Binomo and would recommend it to other investors.