With its head office in Kingstown, Saint Vincent and the Grenadines, Binomo is an online financial services provider that was developed to suit the trading needs of all levels of traders. They allow clients to trade various financial instruments across different asset classes, including forex, equities, indices, commodities, and more. In addition, they provide traders with a proprietary trading platform that is available as a WebTrader. The broker has bagged several industry awards in recognition of their good trading services. The minimum deposit required to start trading is $10.
Binomo Review Introduction
In this Binomo review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Binomo.
Binomo Platforms & Tools
Traders are allowed to trade the financial assets offered by the broker using a proprietary trading platform. The Binomo trading platform is designed to ensure the ease of trading various tradeable assets. The broker makes the platform available in web and mobile versions. The web version runs directly on modern web browsers, such as Chrome, Safari, Firefox, and Edge; thus, eliminating the need to download or install additional software. The mobile app is designed for smartphone devices running on Android and iOS. It is best suited for traders who wish to place trades and check trading positions while on the go, provided there is an internet connection.
Binomo Research & Education
To ensure that traders make informed trading decisions, the broker makes available a good selection of learning resources on their website. These learning resources include training courses, learning articles, trading guides, news, FAQs, and a glossary of various trading terms, along with their detailed explanations.
Binomo Trading Accounts
Traders can choose the account type that suits their trading objectives from a choice of three live trading account types. Each of the account types has a unique minimum deposit requirement as follows: Standard ($10), Gold ($500), and VIP ($1,000) Accounts.
Binomo Account Funding
At Binomo, all account deposit and withdrawal requests are processed using various credit/debit cards, including MasterCard, Visa, American Express, JCB, UnionPay, and more.
Binomo Customer Service
Traders are provided with a knowledgeable client support team who are polite and prompt in response. The support team can be reached through various contact channels, including email, telephone, and social media, or by visiting their physical office at Kingstown, Saint Vincent and the Grenadines.
Binomo is a brand owned by Dolphin Corp, a company incorporated under the laws of Saint Vincent and the Grenadines with registration number 25151 IBC 2018. But the broker is unregulated at the moment.
Binomo Review Summary
Launched in 2014, Binomo is an online trading broker that offers access to buy and sell various financial assets with ease. They provide traders with a range of proprietary trading platforms that are available in various versions. There is a good selection of learning resources and a client support team to help traders make informed trading decisions. The minimum deposit required to start trading is $10. There is no regulatory information on the broker’s website at the moment.
It is worth mentioning that some of the trading products and services in this Binomo review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Binomo broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.