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.
7. What's the point of getting the VIP status?
The key advantage of the premium status on Binomo is a personalised service that includes a tailor-made training programme for beginners. This is a fast track to excellence for those who have difficulty learning individually. The VIP status has advantages for active traders with some experience.
8. Creating an account
An account on the Binomo trading platform takes 1 minute to create. The standard sign-up procedure requires an email and password. You can populate your personal data from a Google or Facebook profile by clicking the respective button. Please choose your currency with special care because you cannot change this decision even through Customer Support. The dollar is the foolproof choice regardless of your country of residence.
Please make sure you provide your true details. Otherwise, you may run into problems withdrawing large amounts. Financial laws require identification of all users with a turnover in excess of a certain amount. Identity verification is not a problem if your profile contains your actual full name. All details are subject to strict data protection rules and are transmitted to the server in an encrypted form.
9. Funding and withdrawals
VISA and MasterCard bank cards are the most popular ways of funding accounts. Other methods are also available, including international and local systems supported in a specific country. The list of supported systems depends on the country of residence indicated in your profile.
International payment systems are supported worldwide. An optimal choice for users is to fund with their bank card that will be automatically linked to the account for future withdrawals. Profits can only be withdrawn to the wallet that was used to fund the account. Please take this into account when choosing the funding option.
A bonus of 30% to 80% or even 100% (during special promotions) is added to your account depending on the amount of your own funds. The system recommends an account of $500 to beginners as an optimal choice. $750, including the bonus, will be credited to the account. This will enable you to trade by using 0.2% of your balance per trade, minimising your financial risks in terms of capital management.
10. Trader training
A beginner trader has no skills of independent market analysis and effective trading. His or her only goal is to master this skill. Favourable conditions for this need to be created on the trading platform. Binomo found a great solution to this problem.
Learning opportunities offered to users.
- Self-directed learning. Trading on a demo account in reliance on ready strategies offered on the trading platform itself (in Information or the terminal's side panel) or other online sources.
- Mentored learning. Access to support by a personal mentor is granted to premium users (GOLD and VIP). The manager uses Skype to contact the trader and then devises a tailor-made training program.
Initially, beginners are advised to trade either on a demo account or join a custom training program from early on. They should follow the rules of the selected strategy of market analysis and money management.
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.
What is a Binomo discount coupon?
At 1001couponcodes.ca we believe that getting a discount is much more fun! So we offer the best discount coupons Binomo for free. Together we also provide special offers, links, exclusives and many promotions totally at no cost to you.
On our coupon site you can find Binomo special offers and deals Binomo, plus thousands of offers from the largest and best online stores in Canada and the world, we filter only the most trusted stores with good customer service. We also check out store specials and make them available to our most special readers. You can make your purchase at Binomo and get a discount using the Binomo discount coupons that we update daily.
We usually highlight coupons that are valid for the entire store, in percentage and then fixed value.
Our goal at 1001couponcodes.ca is to follow the whole internet and publish on this portal all the savings opportunities when it comes to buying, either in the form of discount coupons or event offers. For example, check out our Twelve South Coupon Codes or NordVPN Coupon Codes, they have daily new offers and coupon codes. Through discount coupons, our readers get exclusive discounts on their purchases at Binomo and thousands of other establishments. Our site is free, here nobody pays anything to use a discount coupon!
The Binomo discount coupon (also known as a voucher, gift certificate, discount voucher, promotional coupon, discount code, or promo code) are codes used by online stores to convince undecided customers to complete their purchase. If you enjoyed the discount offered by our coupons, we recommend that you checkout immediately as they have very limited validity.
How to use this discount coupon Binomo?
The Binomo coupon can appear in two ways, a code to enter in the shopping cart during checkout, or a specific link that applies an automatic promotion or redirects to a special offers page. Here's a walkthrough to understand how to use the discount coupon Binomo:
- click on "get coupon";
- copy (ctrl c) the coupon code and click "go to store";
- Some coupons are available in link format, so be smart, because when you enter the store you should realize the discount applied to the products;
- navigate to Binomo and choose the product you want. put it in the shopping cart, paste the coupon (ctrl v) into the field called "discount coupon" or "gift card";
- see if the discount was applied correctly. the best coupons expire soon, so we recommend finalizing your purchase.
- If you enjoyedTell everyone how you got a discount on Binomo!
What is a Binomo coupon code?
A coupon code from Binomo is a alphanumeric code that you use to get the discount on your order. These Coupon Codes are also called coupon code, promotional code, discount code, promo code or voucher. Webshops from around the world use these types of codes to give discount to their customers on certain products or orders.
How can I use a Binomo coupon code?
An action code or promotional code from Binomo Can be used in two ways. The first way is by simply clicking on "SHOW CODE", copy the code and paste it into the shopping cart of the webshop. The other way is by clicking on 'VIEW OFFER', you will then be redirected directly to the webshop and the discount will be applied automatically.
How do you find a couponcode at 1001couponcodes.ca? First of all, look for the desired store in the search bar at the top of this page. Are you looking for a particular product or brand? Then you can type it in the search bar. You can also find your desired webshop in our "SHOPS A-Z" or "CATEGORY" overviews. If you've come to our webshop page, choose a coupon code or offer you'd like to use.
- Copy the couponcode from Binomo by clicking at "SHOW CODE" or "VIEW OFFER"
- Does a coupon code appear? Then you can copy the code by clicking at the button "COPY"
- Does the modal not show a coupon code? Then you can click directly in the big blue button "VISIT Binomo
- On the Binomo website select one or more products and place it into the shopping basket. When you are finished, then have a close look at the basket. Just before the actual checkout, there is somewhere the option to enter an action code, promo code, voucher or coupon code. You paste (CTRL V) here the previously copied code and the discount is applied immediately.
- Please check if the discount has been applied correctly, as it may occur once you're just late and the coupon code has expired. It may also be that the coupon code is only valid for a particular product. In that case, you can just get a new coupon code from our website. It is therefore important that you read the terms of the coupon code.
- Successfully? Then share our Coupon Codes, promotional codes, promotional codes and offers with your friends and family, so they can also make use of additional discounts.
FAQ
What are the current promo codes or offers available for Binomo in November 2023?
Currently, 27 promo codes and deals available for Binomo:
Promo code binono for a 100% 1st deposit bonus Improve your trading skills with Binomo the leading trading platform
Deposit and Get 25% Bonus with Binomo
20% OFF When You Sign Up For Newsletter
How much can I save at Binomo?
In the last 30 days, 139 members have saved on average 100% OFF at Binomo.
How do I use Binomo coupons?
To use a Binomo coupon, copy the related promo code to your clipboard and apply it while checking out. Some Binomo coupons only apply to specific products, so make sure all the items in your cart qualify before submitting your order. If there's a brick-and-mortar store in your area, you may be able to use a printable coupon there as well.
How many Binomo online coupons are available?
There are currently 100+ Binomo online coupons reported by Binomo. These deal offers are available online, including 27 coupon codes. Today alone, users have collectively cashed in on offers.
How to save money at Binomo?
You can save money at Binomo by using one of the current Binomo coupons from 1001couponcodes.ca. Right now, the most you can save is 100% off.
How long do Binomo coupons last?
The Binomo promo codes that are currently available end when Binomo sets the coupon expiration date. However, some Binomo deals don't have a definite end date, so it's possible the promo code will be active until Binomo runs out of inventory for the promotional item.
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