Binomo Promo Code ➡️ (28 Binomo Bonus Code Referral) Canada

The most redeemed Binomo discount codes

The international market has several leaders in online trading, including Binomo. Established in 2014, it is officially registered as a Cyprus offshore company. It has been certified by individual regulators operating in certain countries. The quality of service has been highly appreciated by the International Finance Commission. The platform was awarded the highest ranking, Category A, in 2018 after an audit. This candidate clearly deserves a more detailed analysis, which we are going to perform right now.

1. General information

The platform may be very popular, but beginners that are new to trading will inevitably come up with a number of questions. Choosing the right platform to trade on is pivotal in any beginner's success. This article offers an unbiased overview of services offered, assesses their quality, and hands down a final verdict of whether you are advised to trade with Binomo or not.

• Company. It was established in 2014, is officially certified, holds Forex Festival awards, and enjoys immense popularity virtually anywhere in the world.
• Funding and financial matters. A demo account for all registered users. Minimum withdrawal and funding - $10. Three account levels. Withdrawals take 1 to 72 hours (depending on user status).
• Trading conditions. High/Low contracts with a return of up to 87%. By way of experiment - CFD trades with a floating profit. 45 assets to trade. Contract expiration of 1 to 60 minutes.
• Other. Tournaments with a prize fund of $75,000+. Personal support and training for premium users. Video tutorials, glossary of terms, FAQ. A unique asset for effective short-term trading.

This is a brief description in a bulleted list. All these headings will be detailed in respective sections of our overview.

2. Advantages and disadvantages

Minimum starting requirements: You can have a real account opened by funding $10 or more. This opens access to all the features of the platform, including participation in traders' tournaments.

Unlimited and limit-free demo account: The practice mode is an attractive High/Low Trading not only for beginners but also for seasoned traders. The former will be able to learn to trade and the latter to test high-risk strategies.

Unlimited and limit-free demo account: The practice mode is an attractive High/Low Trading not only for beginners but also for seasoned traders. The former will be able to learn to trade and the latter to test high-risk strategies.

Trading terminal with multiple features: The platform enables you not only to trade fixed High/Low contracts but also to perform technical analysis. It offers hundreds of various market forecasting strategies.

Company's withdrawal policy: Withdrawals are a matter that users have almost never complained about in their feedback about Binomo. Financial transactions are always carried out within respective time limits. The platform supports a wide range of payment systems available in the trader's country of residence.

Traders' tournaments: This is Binomo's unique competitive advantage. The company's rivals either do not bother themselves with contests or hold them occasionally as part of special offers. Binomo treats contests as a priority. The company holds a daily free tournament with a fund of $300-600 and paid tournaments with a fund of $1,500 to $75,000 and more.

Beginner-friendly: Focus on working with beginners is especially obvious in the first years of the platform's operation. Now the company has expanded its target audience but is still widely recognised as one of the best platforms for beginner training.

24/7 trading: The selection of assets includes, to start with, cryptocurrencies, such as the unique cryptoindex (CRYPTO IDX), and, secondly, over-the-counter (OTC) currency pairs.

No access for traders from the USA and a few EU countries: Clause 10.2 of the Client Agreement reads that the nationals of the listed countries may not sign up on the platform. Still, Binomo is an international company operating in dozens of countries worldwide, including Asia, South America, Oceania, CIS and other regions.

3. Trading terminal

In 2014, Binomo reached the market with a terminal by SpotOption. This is a popular universal platform used by many companies. However, it has very limited features. 9 months later, the company released its proprietary terminal. It started off the company's history of success in the international market of online trading. Since 2015 the platform has been regularly updated to add new features and address existing bugs.

Binomo's modern terminal is a fully functional trading platform that you can use to trade High/Low contracts and perform technical analysis on second and minute timeframes at a time.

Special features of the web terminal:

• up to 45 assets to trade, including round-the-clock;
• independent tabs with charts;
• 20 graphical tools for chart analysis;
• one-click trading without confirmation;
• keyboard controls;
• 14 technical analysis indicators;
• an integrated Economic Calendar;
  timeframes of 5 seconds to 1 month;
• a scalable 4-mode chart;
• no-slippage and high-speed functioning.

A smartphone-friendly version is offered as a mobile application. We will look at it in more detail in a later section of this overview.

4. Cryptocurrency trading

Traders take special interest in cryptocurrencies because you can profit as they go either up or down. This is the key difference of trading on an exchange from direct investments in assets, where gains are only produced by positive economic tendencies. The main thing a trader needs to know is where the price is going on the chart (up or down). If the forecast is right, the profit of the size known in advance is credited in full to your account. It is an average of 75% to 85% of your investment.

With only three to choose from - Bitcoin, Litecoin, and CRYPTO IDX, cryptocurrency assets that Binomo has to offer are far from being numerous. It's IDX that is worth special attention. One cryptoindex outperforms any other cryptocurrency in terms of potential. This asset is a unique product developed by Binomo for effective short-term round-the-clock trading.

CRYPTO IDX is the arithmetic mean of BTC, LTC, ETH, and ZCH prices. This is why its quotes are updated 4 times more often on the chart than regular assets. This affects the appearance of price indications. The price is structured adequately even on the one-second timeframe, with complete candlesticks that have a body and two shadows. Regular assets, on the contrary, cannot produce an adequate chart suitable for effective technical analysis on a 5- and 15-second timeframe.

5. Mobile trading

You can trade not only on personal computers but also on mobile devices like tablets and smartphones. The classical web-based version is relatively comfortable for use on a device with a large enough display. But this is inconvenient on regular smartphones. This is why you're advised to use a special adapted version.

You can find Binomo's authentic mobile apps on App Store and Google Play. The phone terminal's features are comparable to those of the desktop version with a few differences. Many technical analysis indicators and tools are unavailable. But this won't stop you from opening an important trade at the right time. This becomes especially important as you trade the news, for example, when you need to buy contracts at a specific time.

6. Account types and practice trading

Once signed up, every user gets a demo account. It enables them to start trading right away, but with virtual funds that they cannot withdraw. Binomo offers 4 account levels - 1 free and 3 funded accounts.

DEMO. Requires sign-up. 18 basic assets with a return of up to 85%. Standard features of all other platform tools for technical analysis.

STANDARD. Offered for accounts funded with $10 or more. This is a basic level from which you get access to all the features of the platform. You can joint tournaments, trade in the real market, and make withdrawals.

GOLD. Minimum deposit of $500. An optimal choice for beginners with a wider choice of assets (38). Withdrawals become faster (24 hours), a personal manager and exclusive trading strategies are made available.

VIP. This status is granted when you fund $1,000+. The user gets maximum privileges and a personalised service.

A detailed comparative table with differences is provided on the Cashier page of the trading platform's official website. We'd like to note in conclusion that your deposits are added up after sign-up. This means that you don't need to make one payment of $1,000 to get the VIP status - you can deposit it in installments with any time interval in between.

11. Should I trade with Binomo?

Our verdict is yes, sure. The trading platform by Binomo is clearly worth a thorough look at, especially by beginning traders. Entering the market as a humble novice with a standard terminal, the company reached the level of the then online trading leaders in just a year.

Minimum starting requirements, fast withdrawals, an unlimited demo account, self-directed and custom mentored learning, high returns produced by assets, round-the-clock access to the platform and more. All these advantages take Binomo to the league of international leaders in High/Low contract trading.