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Binomo Review
- Demo
- Real
Deposit Methods
Very Good
- 70+ Assets
- Mobile App
- 1-3 Day Payouts
- Low Deposit
Summary
Binomo seems to be a good choice for the new trader because they offer a minimum deposit of $10 and a minimum trade amount of $1. Even if you were only to deposit $10, you would be able to execute ten trades to test the platform. Customer support seems reasonable, and the mobile trading experience is suitable for trading on the go. In our opinion, if you are looking for a broker that suits the first-time trader, then Binomo seem like a good choice.
- Over 70+ assets to trade now
- 24/7 Skype customer support service
- T&Cs for bonuses can be confusing
- Great account options for traders
- Free payouts (except for bonuses)
- Only certificated under FMRRC rules
Risk Warning / Ad Disclosure
Pros
- Minimum operation of only 1 $. This is an important feature for those starting with Binary Options.
- You can receive up to 9 free trades of up to $ 150.
- Negotiations at the weekend.
- Support in multiple languages.
- Tournaments with cash prizes. Some are free, others paid, but all of them with prizes.
- Withdrawals without fees.
Cons
- Less variety of assets.
- They do not operate in Europe.
- Limitation on binary options trading contracts. Only use the classic Call / Put.
- They do not have as strong regulation as others that use, for example, CySEC.
Intoduction
Established in 2014, Binomo is a binary options broker registered in St. Vincent and the Grenadines under the trading name of Dolphin Corporation. They seem to offer everything that you would expect from a top level firm. While still awaiting CySEC licensing, they do hold an FMRRC certificate making them a regulated broker.
In addition to low trade requirements, they offer many other features. Various timed welcome bonuses and a demo account with $1,000 are just two of the benefits so you can start trading. They also offer comprehensive customer support and an excellent mobile trading experience for those who like to trade the markets on the move.
To find out more about this broker and whether they are the right choice for you, we have put together our comprehensive Binomo review. Our financial experts spend time analysing every aspect of trading with this particular broker to ensure that your trading experience is a good one. Find out more about why we think Binomo is an excellent choice.
Binomo - Contact Details
- Email: support@binomo.com
- Phone: Unavailable
- Address: Dolphin Corporation, First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.
Newsletter
How to Choose a Binary Options Broker
The trader might be experienced in one trade type however, not in another type of trade. In this case, the trader will need to choose a broker that provides the trade agreements that he is experienced in.
For most traders it’s no problem to join a binary options broker site, however trader from the United States, Japan, Turkey, Indonesia and Gibraltar should make additional research on wether their country is accepted, because of current laws in these countries.
A great payout for many short term binary option agreements is 85%, although some brokers might pay as little as 60%. The actual payout is everything when it comes to success. Make use of a broker which regularly provides agreements paying 75% or more.
Some brokers provide you with a variety of trade types, features along with other useful trading resources and educational sources. The more trading tools a website provides the greater control they are providing you with as a trader.
A broker may have all the features on the planet and make you all the guarantees imaginable, but still are not able to deliver if the group itself is not really worried about your well-being. Don’t leave this up to destiny; test the client support team yourself to find out if they’ll be really worth dealing with.
