Binomo

The name Binomo must be familiar to those of you who often watch your favorite YouTube channel. Even some famous YouTubers in Indonesia are endorsed by this broker. How great is  Binomo  really ?

We have conducted an investigation into the pros and cons of using this binary option trading platform from top to bottom so that you can decide whether to use this platform for the long term or just practice on their demo account. For more details, let's see the review.

Is Binomo Web a Scam or Not?

No,  Binomo is not a scam  and you can invest long term here. Binary trading has various factors to determine whether they are a scam or not. Everything must be in accordance with the law for a broker to be trusted.

Binomo is one of the most trusted brokers, and here are 5 reasons why:

• Regulated by the International Financial Commission
• There are indicator features that reach more than 20 types
• Customer service in 20+ languages
• Thousands of traders transact every day
• Trader funds will be guaranteed up to 20,000 Euros

Judging from the history of this company, 4 years is not a short time. This broker clearly has a lot of experience in the binary options industry and this can also be seen from their platform. Not only that, the various awards they have received and the millions of dollars in payouts they have issued are no joke.

Is Binomo Web recommended?

Yes, we highly recommend you to use Binomo as a trusted binary option trading platform. Binomo Web offers many trading features and tools that are suitable for traders. Their platform is very user-friendly so that many investors are interested in entering the binary option market. Binomo really offers something that is suitable for any level of trader.

From our conclusion, Binomo is highly recommended for you to use. Their trading platform is definitely worth a closer look, especially for beginners. This company entered the market with a beginner level, in just a year they have skyrocketed to become the best broker among other newcomer brokers.

Why do we recommend Binomo?

• Deposit $10 or more to use a live account
• Profit rate up to 90%
• Tournaments worth over $75,000
• Free demo account
• Profit rate up to 93%
• Can choose more than 20 types of charts and 14 more indicators

Recommended for professional traders

• Gold accounts have a faster withdrawal process (24 hours)
• Gold or VIP account users get the privilege of a professional assistant for their personal use.
• All withdrawals can be made within 1×24 hours
• Weekly cashback of 5% for Gold accounts and 10% for VIP accounts
• Get 4 trading eBooks for free

Open Demo Account

What is Binomo Web?

Binomo Web is a binary options broker that started operating in 2014. This platform develops its own application to ensure that all data is securely encrypted, so your money is always safe under any conditions. The security of trader data is very important, because it will be the main assessment for Binomo whether they can be trusted or not.

Without sensitive financial information – such as credit card numbers, bank details, and other personal data – you will not be able to deposit or withdraw money. With the advantages of these security features, Binomo has become very popular and on the other hand is an advantage for traders with the sense of security they provide.

In addition to the basic features mentioned earlier, the Binomo platform actually consists of several useful components that serve to enhance your trading experience. Graphics, hotkeys, and fast update rates are the main weapons on this platform to create high payouts.

There are more than 20 different charts that will help traders analyze charts and trading history. Hotkeys allow quick access to the functions on the platform and this is a unique feature of Binomo. Designed in such a way as to produce a sophisticated and efficient platform, along with various other interesting features, it is no wonder that traders on this platform can receive payouts easily.

Regulation

Binomo Web 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 on an international scale. The fact that Binomo is officially regulated and is a category A member actually reflects the platform's reputation as a binary options broker.

The main function of why a broker must be regulated by a third party is the security of consumer funds. Each regulator provides protection for trader funds whose brokers are registered with their agency. So, if there is a problem between you and Binomo, your funds will be protected up to 20,000 Euros. This fund protection itself assures traders of the security of their funds with the broker and at the same time tells you that Binomo really cares about your security.

Another advantage of being a member of IFC is that Binomo is certified by FMMC. This platform is also regularly audited by VerifyMyTrade which is a subsidiary of IFC. Their last audit was conducted on February 13, 2020 and the result, they passed the standard quality test well. These regular audits and independent certifications show Binomo's integrity as a broker. One more thing, Binomo is currently in the process of obtaining certification from CySEC, a most trusted regulator for the European economic area. 

For international clients, regulation is important when they want to choose the right broker. All the certifications, audits, and regulations they have obtained are a sign that Binomo is a reputable broker with the desired trading conditions.

Awards & Acclamations

Since Binomo has been operating, it only took them one year to achieve the award as the best broker. Then in 2015, this platform managed to win an award from the FE awards. One year later, in 2016 they won another award from IAIR. The various awards that Binomo has received continue to grow and this continues to spur them to be the best.

What makes them special?

What makes the Binomo platform special is their unique trading application that offers several user-friendly features. One of the most striking features of this platform is the “hotkey” option available on the application. When activated, you can directly use buttons such as increasing or decreasing the nominal investment of the trade and executing trades without having to press the button on the mouse. The platform also provides various charts and technical analysis tools that make it easy for you to customize the trading application interface according to your wishes.

Currently, Binomo supports a web browser-based trading platform and a mobile application. When using the platform, you can access more than 100 different types of assets with 24/7 access time. In terms of appearance, their trading platform is unique and has been specially programmed by the broker. Traders will not experience lag or connection problems from the platform that often occur with other brokers. In short, Binomo will give you a smooth trading experience.

Binomo Web in Indonesia

Is Binomo legal?

Binomo itself is regulated by the International Financial Commission. With a company base in the jurisdiction of St. Vincent & Grenadines, Binomo accepts traders from 113 different countries, including Indonesia.

However, this broker is not regulated by BAPPEBTI Indonesia which is the reason why the Binomo website cannot be accessed.

Binomo blocked?

There are various reasons if your Binomo account is blocked, and human error is one of them. Usually, the blocking carried out by Binomo against traders is for security reasons of the account itself. It is not uncommon for account theft or hacking attempts from outside that cause your Binomo account to be blocked temporarily to avoid greater risks.

Another reason why Binomo is blocked is that you may have more than one active account. Having two or more accounts will result in your Binomo account being blocked to prevent misuse of the platform. Having more than one account is considered money laundering or you are trying to beat the system by cheating. Then, having more than one account will also complicate the deposit and withdrawal process.

Then blocking can also occur if you may use illegal programs to gain profit. Fortunately, the Binomo system will automatically know who are the people who act like that thanks to the security technology they have developed.

Whatever the cause of the Binomo account blocking, if you feel that you have not done any of the illegal actions above, you can immediately use the ticket or live chat service to reopen the blocked account. It is a good idea to take a screenshot and save all data related to the service as proof that you are the legitimate owner of the blocked account.

Website and customer support

Being able to connect with the broker’s customer service regarding questions and complaints is essential, especially for new traders. If you have a problem or question regarding the service, you definitely want it resolved quickly and efficiently. Binomo offers a live chat function on both their web and mobile apps. Simply click on the red message icon on the bottom right of the screen to start using the live chat. There, you will also find a language option for you to choose from.

In addition to live chat support, there is also a contact link at the bottom of the website. Here you can also use the Skype and email functions to place your questions or complaints. In addition to the contact number, the bottom of the website also lists the address and message box if you have something to share. The message box will ask for your email address, name, phone number, and details of your message. If Binomo responds, you will receive a notification via the email you entered earlier.

For social media, Binomo also has a Facebook address and Google map installed on the website. All of this is intended as proof that this company is clear and clear in its existence.

Here is the contact address of Binomo:

• Email :  support@binomo.com
• Skype :  support.binomo
• Company address:  Dolphin Corporation, 1st floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines

Binomo Web Platform

One of the key features we look for when researching Binomo to find a trusted broker is whether they are regulated by a trusted institution or not. As previously mentioned, Binomo has been regulated by the International Financial Commission since 2018. Moreover, the company is currently in the process of being selected for the CySEC and CPO regulators.

With the increasing number of Binomo regulators in the future, making a $10 deposit with a broker is no longer a doubt. However, if you are new and intend to try it out first to find a match with a broker, you can immediately register and get a free demo account. In a demo account, traders will be given a credit of $1000 which can be used to simulate real trading on the platform. Without having to risk real money, you can still practice trading through the capital provided by Binomo.

How to Trade Binomo Web?

Here's how to trade on Binomo in general and easy to understand:

• Register a new account by clicking on the “Sign Up” or “Login” button in the gold box in the top right corner of the official Binomo website.
• If the platform tells you that it is not possible to register, use a VPN or the ByPass app to start registering.
• Fill in your email, password, currency to be used, and check the box agreeing to the website's terms and conditions. Once filled in, click the “open an account for free” button.
• You can also use Facebook to quickly register.
• Then fill in your email, first name, last name, country, telephone number, and two boxes of requirements to be checked to continue registration.
• Select the account type, whether you want to open a demo account or a real account that requires a minimum deposit of $10.
• The next instructions will clearly direct you to choose the first asset to be used for trading.
• Select the desired trading value and start trading.

In the trading window, all the charts, features, and various other tools provided by Binomo will be displayed. The currency pair bar used as an asset will also open immediately while displaying the current chart according to the current market conditions. Perform an initial analysis to start your first trading prediction on a demo account or real account. For this, you can use various indicators and various technical analysis to find the right decision.

On the right side, there are boxes that you will later set in such a way based on the results of the analysis that has been done. The “amount” box is the amount of investment that will be wagered on trading. Time is the expiration time of the trade, use the “+” or “-” buttons to increase or decrease the time period.

If you get the desired results from trading, then payout can be done through an e-wallet or direct bank account. Just like when making a withdrawal on the application on your smartphone, making a withdrawal on Binomo is also easy. Simply go to the Cashier > Withdraw Funds menu and you will be on a new menu display. In “payout ammount”, fill in how much money will be withdrawn. Choose a withdrawal method and skip the third option. Click “request withdrawal” if all data is correct. All funds can be withdrawn via Visa/MasterCard, Qiwi wallet, Neteller, WebMoney, Yandex, to WMZ.

Overall, the trading process at Inomo is as easy as we have explained and does not require a complicated process. Keep in mind that you need to verify your account first before you can make any withdrawals to your account or account.

What does it offer?

Binomo offers trading types that are actually fewer than what other brokers usually offer. This platform offers high or low and turbo trade options. This platform is also limited in the number of assets available for use. For VIP accounts themselves, only a maximum of 70 assets are given to be used. Payouts themselves range from 70% to 87% depending on the type of account used.

The high/low option itself is a classic type of binary option and is better known as call/put in other brokers. The purpose of this type of trading is to predict whether the selected asset will have a price increase or a price decrease from the initial price range.

In addition, Binomo also offers bonuses and promos that are very time-dependent. The bonuses and promos themselves can be seen directly on the website's homepage so you don't need to search for them first. Usually, the welcome bonus has a value between 25% and 100% but often has conditions to get it. Some of the names of indicators on Binomo include: alligator indicator, Oscillator indicator, parabolic system, SAR indicator, and many more.

Forex Trading

Some of the advantages and benefits of Binomo Forex from other platforms are the completeness of features and tools that are far different from other brokers. In addition to being able to enjoy trading assets, stocks, currency pairs, and other trading instruments, Binomo also provides Binomo Forex which will accompany you in reaping as much profit as possible. 

Tools and Indicators

Technical indicators are tools used to analyze dynamic price movements. Like other brokers, Binomo also has indicators and tools that traders can use to analyze the market through the platform. The tools and indicators provided will prevent you from wasting time just learning one by one how to analyze the market and speed you up in making a profit.

These tools and indicators are free features offered by Binomo regardless of your account type. With the information about the strategies that have been explained previously, using indicators will perfect the existing strategy and according to the wishes of each trader. 

Binomo Web Strategy

To learn strategies in Binomo can be done directly on the platform. Not only in the form of practice with a demo account, but also by studying the strategies that they have written in the form of articles and displayed on the website. Starting from beginner to professional level strategies, you can learn here. These strategies include:

• Pathfinder Strategy
• RSI Convergence/Divergence Strategy
• Fibonacci
• Puria Method
• Elder Triple Screen Strategy, and much more

The good thing is, each strategy will have its own label that describes its level of difficulty; beginner, experienced, and professional level. All of these strategies can be accessed by clicking on the “Strategies” menu at the very bottom of the website homepage.

In addition to using strategies like the ones above, there are other things to consider. As a trader who does not have the ability to analyze the market and trade effectively, your main goal is to master these abilities. To achieve this, a supportive environment is needed to develop strategies and practice.

Using a demo account is the easiest way to use and is provided for free by the platform. You can also do it by doing your own research online and gathering information related to Binomo. A more certain way than using a demo account is to get a personal trading consultant that is available specifically for VIP or gold accounts.

The various ebooks provided to traders will also provide the assistance they need and the various articles available on the Binomo blog can also be used as the foundation of your trading strategy.

Binomo Demo Account

When it comes to online brokers, it is important to explore the features offered by the company. One of these important features is a demo account. Using a demo account will give you a great overview of the platform and see how the indicators and tools in the application can benefit you.

The demo account itself is a form of test-drive before switching to a real account. By using a demo account, you can be more familiar with the platform in terms of the trading process and the layout of the application menus. A successful trader will use this opportunity to explore the trading platform further and what they should prepare before using a real account.

Binomo offers traders the opportunity to practice building strategies and become more aware of the platform's strengths and weaknesses. To get a demo account, all you need to do is register for free on the official Binomo website. A demo account will also give you $1000 in virtual money that is used specifically for using the demo account. These risk-free funds are a substitute for real money that is used for trading simulations and can be refilled freely.

How to register Binomo?

There are 3 easy ways to register a new account at Binomo. To register with the broker, you must do it from  the Binomo website . Then follow these easy steps:

• In the top right corner of the website, you will see a “sign in” button:
• Fill in your personal data as requested by the platform then continue.
• Finally, you will be taken directly to the trading platform and can immediately use every function and feature of the broker.

In addition to registering, you will also be asked for several documents to verify that the data you entered is correct and this will also be needed in the future if you want to make a withdrawal.

How to deposit in Binomo?

How to make a deposit on Binomo is almost the same as other brokers. Binomo is a truly deposit-friendly platform. It is so easy to make a deposit, you can even find various ways to trade without having to worry about limited choices. Traders can choose Visa, MasterCard, Neteller, and various other popular e-wallets. The deposit itself occurs instantly so that traders can be active on the platform quickly.

Like doing top up in general, making a deposit on Binomo is very easy. We will take an example of how to deposit Binomo using an ATM which is the easiest way.

1. 1Log in to your Binomo account
2. 2On the screen, find the “Deposit” menu and click it.
3. 3In this menu, there will be various choices of ways to make a deposit, starting from Visa, MasterCard, e-wallet, and others. Here we will use the MasterCard option
4. 4Click on the deposit type option and new options will appear. Use the available options to make a deposit and press the “Deposit” button at the bottom of the screen.
5. 5Finally, enter your MasterCard information as requested.

How to withdraw Binomo?

So you have earned enough money to make a payout? Then, follow how to withdraw at Binomo to enjoy the results of your trading profits. Making a withdrawal will also be as easy as making a deposit. As with other brokers, withdrawals will always depend on how you made your first deposit. If you used Neteller to deposit, then to withdraw it will also be done using Neteller too, if the deposit uses Visa or MasterCard, then the same method will be applied to withdraw.

Download Binomo App

You can enjoy Binomo trading using smartphones, tablets, PCs and mobile phones. The classic web platform version is a comfortable display to use on larger devices, but less comfortable if using this version on a tablet or smartphone. For this reason, traders are advised to use the mobile display instead of using the browser on their smartphones to maximize trading activities. The application file size is also very small and will definitely be downloaded in seconds.

Conclusion – Recommended

From all the data and information we have collected, trading with Binomo is recommended. Binomo provides all the products needed by traders to start their trading experience and earn a decent income. It is no wonder that many traders from all over the world gather to trade on this platform.

Binomo is designed to meet all the criteria of effective and comfortable trading, which is sprinkled with various interactive features to enhance the trading experience. For this reason, Binomo won the award as the leading broker of the year in just one year since its inception. Small deposit requirements, fast withdrawals, unlimited demo accounts, to direct learning from mentors with Gold or VIP accounts. You can get all these benefits by starting with a free demo account on the platform.