What is Binomo? How to log in to the broker’s website and start using the platform? How to get trained and what are the advantages of a demo account – read this review

For the past year or two, I’ve been scouring the internet for a new online trading platform to try. During this, I’ve discovered Binomo. Binomo is an online trading platform that is designed primarily for traders who are looking to take advantage of the constant changes in the exchange rates of different currencies and assets. Binomo, which is owned by Dolphin Corp has been providing these services since 2014. Their parent company, Dolphin Corp, is a registered member of the Financial Commission. This fact alongside numerous positive reviews increased my trust in the legitimacy of the platform. This is my Binomo review.

What is Binomo Trading?

Binomo trading is all about analyzing the price movements of assets or currencies and making your forecasts accordingly. There are different types of tools at your disposal which may help you create positive trades.

You can choose the amount of the assets you would like to trade and the expiration time. Once the expiration time finishes, all profits are instantly credited to your account balance if your forecasts are indeed correct. The platform is very intuitive, easy to use, and highly customizable. They boast fast trade executions which means there are no lag and connectivity issues when it comes to trades. The usage of bots or other automatic trading processes is strictly prohibited in Binomo.

Binomo Sign in and Registration

Registering an account in Binomo is as easy as it gets. First, navigate to their main page. Once there, click on the yellow “Sign In” button on the upper right corner. A sign-up form will appear. Enter all the required information such as a valid email address, a strong password combination, etc. Choose a currency in which you wish to deposit and withdraw funds. Make sure to fully read the Client Agreement and Privacy Policy documents before finalizing and creating your account.

After all of this, press create an account and done! You now have a Binomo login account. A confirmation email will be sent to the email address that you’ve provided. It is important to confirm your email as this will bolster the security of your account and you can receive important news and information about changes or upcoming updates on the platform. Do take note that Binomo does not provide its services to several countries. A list of these countries can be seen in clause 10.2 of their Client Agreement.

Account Type

Binomo offers four different types of accounts. A demo account, Standard account, a Gold Account, and a VIP Account. Depending on what your goals are, you may want to use a different type of account as some accounts only have certain access to a group of assets.

Demo Account

Binomo offers a free to use demo account. This account comes with a $1,000 worth of virtual funds. This is for users who are just beginning to dive into the world of online trading or those who want to test the waters before risking your real funds.

Standard Account

This account is the standard option that Binomo offers. You need to have a minimum of $10 deposit for this account. This type of account has a minimum of $1 trade amount. You also get to access all the tools and functionality that the platform provides. Funds can be withdrawn within 3 days on average (though this would depend on your preferred payment method). The standard account also lets you participate in Binomo tournaments.

Gold Account

The Gold account is available once you have deposited a total of $500. It comes with all the tools which the Standard account had and other extras. The Gold account features an insurance bonus, up to 86% yields in case of a correct forecast, 24-hour withdrawals processing (depends on your preferred payment method), and access to more assets.

VIP Account

Last but not least, the VIP account. As expected, this account has all the features, tools, and functionality from the previous accounts. Deposits for a VIP Account is available at $1,000 total deposits. Some of the perks of having a VIP account includes a 10% weekly cashback, the ability to withdraw your funds within hours depending on your preferred payment method, a bonus of up to 100%, and more. This account is mainly for traders who want to have access to exclusive assets and services and have the cash to back it up.

How to Use Binomo?

Using Binomo both as a beginner trader and an experienced one is very easy. All of the trades are done on their web-platform and their very own Android and IOS mobile app. This means that no additional software is needed to trade immediately and effectively.

You can check your past trading history, access the news calendar, or read up on strategies on the left side of the screen. You can use more than one chart in Binomo. Switching different charts is easy. The upper side of the screen is where you can choose the assets you wish to trade.

Binomo Tutorial and Education

If you’re a beginner at digital trading, don’t fret as Binomo offers multiple tutorials on trading to get you started. On top of that, experienced traders can also learn new strategies to further increase their potential profits.

What is Binomo App?

With their mobile app, you can keep trading on the go. The Binomo trade app is available for both IOS and Android Devices. Just use the keyword “Binomo” when searching for the Binomo app download in their respective app stores. Alternatively, Android users can download the Binomo APK by following this link https://binomo.com/en/promo/android and installing it.

Binomo Real or Fake?

Whether a trading platform is real or fake is a very dicey topic. “Is Binomo safe?” “Is Binomo fraud?”, “Is Binomo scam?” These questions might be on your mind right now.  Based on my experiences,  I can confidently say that it is indeed a real online trading platform. Numerous factors lead to my conclusion. First is that they have already built up a reputation and are well known. Their platform is professionally made for traders. On top of this, their parent company is also a member of the Financial Commission. If you’re skeptical, you can visit the Binomo website and utilize the free Binomo demo account to test it risk-free.

Why You Should Try Binomo

If you’re looking for a legitimate online trading platform you can trust, I’d recommend checking out Binomo. My experience with the platform has been generally positive. The fast and intuitive platform, highly customizable user interface, numerous tools you can operate with. However, It’s not all sunshine and rainbows. One downside I would like to point out is the fairly limited selection of assets, depending on your account type. Despite this, the platform is still a great one to try out. Do note that whatever platform you’re on, Binomo or not, there are still risks that come with trading.

Binomo Review of India

Is Binomo legal in India? Yes, it is 100% legal in India, in fact here are some reviews of Binomo India from Indian users. Some of these will be in video form reviewing Binomo in Hindi.

Bimono App Review by Trusted Broker Reviews

Bimono Review by Dropout Engineer