Binomo is a binary options broker, best known for its low trade requirements commitment, as well as a range of other advantageous features for both new and veteran traders. This review covers all the details of Binomo’s service, from the trading platform itself to mobile app trading, demo accounts, and account types.
Binomo originated in 2014 and was a highly targeted service aimed specifically at binary options traders. The platform also provides some form of cryptocurrency, forex and CFD trading, but this isn’t the broker’s overall focus as a whole.
Although they are a member of FinaCom and are currently working towards licensing under CySEC, the broker currently operates as an unregulated service.
The Binomo trading platform is designed for the trading of binary options as practical, easy to use, and convenient as possible. For many online brokers, mete markets are becoming extremely common and Binomo trading is ahead of the curve when it comes to providing a realistic, mobile-reactive, and creative platform that does everything for their unique consumer base.
Binomo Account Types:
Standard Account: You have only to deposit $10 to open a Standard account. With that account, you can trade most of the assets on the platform. The maximum profit you can make on any trade is 85%. The minimum amount of trading is $1, and your winnings are transferred to the account within 3 days.
Gold Account: The minimum deposit required to open a Gold account is $500. You also get access to more assets, the withdrawal process is faster and in 24 hours you receive funds in your account. There are more exciting bonuses, technical support, and a weekly cashback of 5 percent.
VIP Account: This account fits professional traders. You can open a $1000 VIP Account. You enjoy rewards and discounts of up to 100 percent in addition to the advantages of a Gold account. On every trade, you can earn up to 87 percent profit, withdrawals within 4 hours, and a 10 percent weekly cashback.
Binomo as a Trading Platform:
Binomo has been able to provide a streamlined, efficient, and practical trading platform designed specifically for purpose as a service that focuses on Binary Options.
While the company used the popular but limited SpotOption terminal when it was released, it has since moved away from package solutions into a fully proprietary design that is the perfect fit for worldwide online trading.
Binomo’s trading platform is designed to be modern and functional and is regularly updated with high-quality features as well as fixing any bugs that arise quickly.
Some of the smartest features included in the Binomo platform include a range of 20 different graphical tools to assist in chart analysis, the ability to use hotkeys and keyboard controls, and the ability to use independent charts tabs.
Other handy features, such as an integration of the Economic Calendar and fast refresh rates, make Binomo even more useful than the market alternatives. Efficiency is also clearly relevant to the brand, with plenty of scalabilities plus the option for fast, one-click trading with no confirmation needed.
How to Become Successful in Binomo Trading:
Systematic Approach: It should be systematic to trade on the platform. This applies to both the trading technique you are utilizing, and the overall amount of time devoted to the network running.
Follow Strategies: Trading is a dynamic way of making a living. It is constantly evolving, new strategies for trade are emerging and new assets are being introduced. Spend more time studying to avoid losing your money and stay on top for as long as possible.
Determine Your Losses: 15 percent of your capital, for example. Once you reach the limit, stop trading regardless of how “tasteful” the market situation may seem. Even if you think you are seeing this century’s trade! That kind of premonition is really a mirage.
Market Analysis: To make the right decisions in the future, you have to analyze the market using your experience of doing successful trades. And, to avoid repeating the same errors that led to losses previously. And do it for both profit and loss: understanding how to repeat the success and how to avoid repeating mistakes is important.
Emotional Control: A clear emotional context, whether optimistic or negative, is hampering exchange. Joy, sorrow, frustration, and weariness contribute to mistakes. If they come up in the trading process, stop. Then don’t even start if they happen before.
More Study: The world is evolving every day; analysis can and should be conducted. Not to mention that there are lots of candle patterns, signals, and tactics and strategies that can improve your results significantly. If your account status is VIP, don’t hesitate to contact your personal manager. They are seasoned experts who can evaluate your company and offer you specific advice.
If you’re interested in a quick time multiplying your money, you’re in the right place. Trading binary options is an excellent way to have your money multiplied. Binomo is one of the pioneers of this affair. Thousands around the world place their trust in Binomo trading and take advantage of the platform to trade.
Then Binomo is an excellent fit for those who start in trading or old hands who want the high level of service that comes from a VIP account. Although it may be marginally reduced, this just helps to render it more built and highly productive what they can sell.