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21184 reviews
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Binomo

5/10 (votes 100)

On-line since 2014
Country of origin Cyprus
Regulation FMRRC
Payment options VISA, MasterCard, Maestro, QIWI, Webmoney, MoneyGramm, NETELLER, Skrill, Western Union, wire transfers
Minimum account size $10
Minimum lot size 1
Leverage -
Spreads -
Binomo is a European brokerage company. The brand is rather new as it was founded in 2014. Broker’s activity is regulated by the Financial Market Relations Regulation Center. The company provides its clients with access to options trading.
Binomo enables traders to choose from the most traded options such as binary, long-term, and pair options.
Importantly, the company provides all its clients with various training materials. On the broker’s official website, novice traders can find all needed tutorials, which are free of charge.  Besides, clients can always receive analytical support from experts at the company.
Binomo offers its clients trading via the SpotOption platform. Available applications for both mobile devices and tablets make trading even more convenient
According to the trading terms of this broker, the minimum deposit starts from $10 and minimum trade size is as low as 1 lot.
In addition to such attractive trading conditions, broker’s clients can get bonuses up to 50%. According to company’s statistics, investors can gain profits up to 94% trading with Binomo.   Unfortunately, the company does not offer free demo accounts to its clients that could be a serious drawback to cooperate with the broker.
You can get more information about trading with Binomo if you read the feedback on the company’s activity from real traders.
Author of Binomo review: Ballar. Date and time of Binomo review: 2018-09-08 08:36:49
I was pleased with the trading experience. While the results of the work are quite satisfactory to me, and on the conclusion of special problems did not arise - I was really pleased with the results.
Author of Binomo review: Romano. Date and time of Binomo review: 2016-10-05 06:50:24
A broker with terrible support. No appropriate answers on absolutely clear questions during 3-week mailing and live chatting with support team, after the loss of money due to technical failure during non-farm payroll! Here is my situation: I’ve lost more than 400 US dollars during Non-farm payroll on 05.06.2016 since my order was autoclosed in 1 ms after opening. At once I’ve tried to start the live chat and was to wait for some time during the queue. In live chat after asking my question about autoclosure of my order I was told that since the broker was experiencing technical problems I had to contact support by mail. By mail they asked to fill in the investigation form since I’ve experienced the issue during trading. Then I’ve filled an investigation form, asking to provide an explanation of the situation. The answer was: Your order was margin stopped out as a result of insufficient funds to cover the margin and the order was submitted during market volatility (non-farm payroll), there was a 110 pip spike on USD/JPY and similar movement of other pairs where prices were moving very fast with spreads widening. Since it was a spike, I demanded to cancel the order because spike is non-market quotation (110 pips in 1 ms is anomaly) and it is common practice of responsible brokers to do that. Moreover, I asked to provide the tick chart to prove that spike. I also asked, why have this spike occurred to me and haven’t to other traders I communicate with, trading the same pair with the same broker at the same time with bigger leverages and smaller deposits. I also attached the screenshots of mt4s of these friends. Up to now, I don’t have the tick chart and appropriate comments on this situation (in fact, I’ve received a lot of mail, none answering my questions in appropriate way). I’ve contacted Live chat support, they arranged 2 phone calls to settle the issue but none of them was made. In the last e-mail after the 3d time I asked to provide the evidences, proving the spike or either to cancel the order I was told to find evidences by myself on their servers. Is it appropriate service? Don’t think so.. I am to lodge a complaint to a FOS regulator and appeal to others, experiencing the same issue to use their rights and do the same in order to have the just settlement of an issue. Binomo was the broker, all my friends-traders would advise, but not after this situation. I feel like being fooled, asking to provide trading data but receiving some random information for the third week.
Author of Binomo review: Hanselforex. Date and time of Binomo review: 2016-10-05 03:49:30
My account number is 7543728. I earned 56 dollars after a lot of hard work from them, had troubles on first withdraw request because they disable my account but thankfully my account was recovered again, they told me it was a mistake so i think it was nice of them that they do admit their own mistake and telling me the truth about what had happened. Another thing that I like about this broker is because my account is not only funded with just bonus but also i am earning bonuses from their contests too! Really they offered their clients many great service and I was surpriesed that I could get their welcome bonus when I opened my real account. What impressed me the most about them is their spreads which are always good, Their team for me is also the best.
Author of Binomo review: Omar. Date and time of Binomo review: 2016-09-09 06:08:19
Hello, i want to tell you my bad experience with this broker. They have very very bad customer service. they don
Author of Binomo review: Sophia. Date and time of Binomo review: 2016-08-22 23:57:23
Don't use them. Hunting Sl, very slow on Tp, randomly closes winning positions. I called their support and they are not willing to help out or compensate in anyway thru exception even if my position will be profitable again. Scammers all the way.
Author of Binomo review: Salome. Date and time of Binomo review: 2016-07-25 16:22:03
My experience was not good at, their platform is very slow, their trading terms and condition is too hefty for a trader to follow, I traded with them for 4 months and there was no profit at all. this broker maker makes Forex trading hard for me , so I had to leave their platform.
Author of Binomo review: kristiana. Date and time of Binomo review: 2016-07-25 07:04:13
I have been trading with this broker 2 years and i must say, that i am very satisfied. Their service is very quickly nad they solved my problems immediately. Spreads are low, platform is stable and very fast execution.
Author of Binomo review: Brian. Date and time of Binomo review: 2016-07-04 15:21:04
Their trading conditions are simply impossible to be followed. And they also cannot manage to follow their own rules as well. And the trading platform is not preferable for me.
Author of Binomo review: Starling. Date and time of Binomo review: 2016-06-07 15:25:54
I started with some demo account testing of the many different platforms and they all work just fine. I had some problems with depositing, I waited several days for one deposit to be processed and so I lost a big opportunity to make some cash.
Author of Binomo review: Hashpip. Date and time of Binomo review: 2016-05-30 16:08:47
Good broker for all type of traders. Minimum deposit is very low and you can trade with low lots. Deposits and withdrawal methods are effective, it's very easy to request your earnings. You can receive them in a very short time of period.

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