Binomo offers the standard High/Low trade type, also known as call/put, and Turbo Trades. High/Low is your standard call/put derivative and is generally available from all online brokers.
- Well regulated
- Good customer service support
- Well-developed platforms
- Innovative
- Not available in some countries
- No social and copy trading
Binomo Review
Trade Types
Binomo offers the standard High/Low trade type, also known as call/put, and Turbo Trades. High/Low is your standard call/put derivative and is generally available from all online brokers.
High/Low involves predicting whether the final market price of an asset will rise above or sink below the price at the start of a specified time limit. Turbo trades are similar, except with shorter time limits.
Standard
If you’re just getting started with online trading, the standard account may be your best match. It only requires $10 to start trading at this level, and you get access to 30+ assets on the platform. Having a smaller number of available assets could be less overwhelming if you’re a beginner. It allows you to focus on understanding what you’re working with instead of the number of options available. Additionally, the low entry cost means that you won’t have to worry about risking your funds. Other features include:
3 days to withdraw payouts: Your funds will be available in your preferred method of payment within three days. This may seem like a while, but you’ll find longer wait times with some brokers.
Standard tournaments: Access to Standard tournaments allows you to participate in contests that may give you bonus funds
84% max yield
80% max bonus
Although they don’t have a wide selection of trade types on their platform, Binomo does provide non-stop trading availability. The market never closes, which means you can trade whenever you want—including on weekends—setting them apart from other online brokers.
Binomo is regulated by the International Financial Commission (IFC) and has been a Category A member since 2018. The IFC is an independent organization that helps regulate financial markets, and the fact that Binomo is both regulated and a Category A member speaks to their reputation as a broker.
One benefit for traders is that the IFC has a compensation fund for all of its members. That means that if something were to happen to Binomo to compromise funds, traders would be protected for up to 20,000€. This protection assures traders of the safety of their funds and lets them know that Binomo values your resources.
In addition to being a Category A member of the IFC, Binomo is certified by the FMMC. They’re also regularly audited by the VerifyMyTrade branch of the IFC. These regular audits and their independent certification speak to Binomo’s integrity as a broker.
Additionally, Binomo is in the process of acquiring a license via CySEC. For international customers, regulation is critical in determining which broker to select, and these certifications, audits, and regulations are signs that Binomo is a reputable broker with favorable trading conditions.Binomo is an online trading platform that caters to clients from 133 different countries and is one of the most popular brokers for traders from India, Brazil, Indonesia, Vietnam, and Turkey.
