Binomo Trading Review for South Africa

Operational since 2014, Binomo is a CROFR regulated binary broker which offers service packages for all types of financial traders. As a trusted brokerage option in South Africa, Binamo boasts several reliable features. Binomo is a relatively new binary options broker, which stands out because of its “fresh” outlook on options trading. Registered in Seychelles, Binomo holds SSL security certificates. For high-end security features and user-centric approaches, Binomo has become a profitable platform for trading for options traders, both newcomers and seasoned traders. So here is our Binomo Review especially for South African Traders. 

 

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Note: Your capital is at risk

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Registration

The registration process is fairly simple, wherein traders can open an account within a couple of minutes. To open an account on Binomo, a trader has to log in to the official website of Binomo and click on the “sign in” option. There is a short registration form which requires information like email, password, deposit, etc. Once the user has filled in the details, he/she needs to confirm the registration through the link provided in the email. As a registered account holder, the user will be provided with an access to the back office, where he/she can update the account with relevant information. Besides that you can open an Account here:

 

Account Types for Binomo Trading

Discernibly, there are 4 types of accounts on offer. Traders can select their accounts based on their respective requirements. 

Some of the significant features of these accounts are discussed below:

  

Demo Account	Standard Account	Gold Account	Vip Account
A chance to test the features of the platform without making any investments.	Access to the frequently traded financial assets	An Access to an extended list of assets	Offered bonuses up to 100%
The opportunity to make deposits in  virtual currencies in the amount of $1,000, €1,000 or 50,000 rubles for free at any time	The ability to trade by making a deposit of $1	Expedited withdrawal procedure for profits - up to 24 hours	Assured traded profits up to 87%Assured traded profits up to 87%
Access to all educational assets, tools and practice strategies	Top-up without limits	Yield on trades up to 86%	The opportunity to withdraw profits in less than 4 hours
Training in trading capital management skills	A broad range of bonuses for both new users and active traders	The increased size of bonus accrual while funding the account	A wide list of financial assets
A great start for newcomers	Technical support	Investment insurance bonus instruments	Investment insurance tools
	Participation in tournaments	Traders can expect help from advisory services and a personal manager	Analytical support online via skype.
	A chance to withdraw profits within 3 working days	Technical support like a number of trading strategies	Exclusive features that are granted to VIP-clients only
		Weekly cashback 5%	Weekly cashback 10%
Free	from 10 $	from 500 $	from 1000 $

 

Binomo Demo Account

Traders can trade their assets on Binomo using a demo account. The broker provides its users with an unlimited amount of virtual currencies which can be used while training in real market conditions. This is particularly useful to beginners who can try out their strategies without losing any funds. Also, for experienced traders, this can serve as a safe option for testing advanced trading strategies.

 

 

Trading Conditions

Binomo is well-known for combining the two major features that contribute to successful trading: a user-centric platform and profitable trading conditions. Some of its key trading conditions are summarised below:

• Traders can trade their assets by making a deposit as low as $10. The minimum deposit is lowered to $10 to allow traders to take part in the futures market with any available funds.
• The minimum lot is kept at $1, which permits traders to evaluate the risks with a minimum deposit.
• The traders can expect a profit up to 85% on their deposits. On some occasions, the profit may reach 90%, allowing users to rapidly multiply the deposit amounts.
• The broker exposes the traders to high-tech features for trading and forecasting market trends.
• On the brokerage site, traders can access wide format charts, which come with scaling options.
• Users can view the history of price movements.
• The broker also offers an instant execution option for optimal trading experience. The broker also offers an instant execution option for optimal trading experience.

 

 

Underlying Assets

Registered users of Binomo can trade more than 80 different assets with diverse currency pairs. As a leading broker in the market, Binomo constantly strives to update and expand their asset list. Apart from forex, investors can also trade stocks, metals, and commodities.

 

Trading Binary Options on Binomo

Binomo can be an extremely lucrative platform for trading binary options. Aside from an access to a wide range of trading tools and strategies, traders are also provided with tools for forecasting the price movements. Also, high-speed technology ensures faster transactions at highly profitable levels. What’s more, the traders can trade their on the non-stop trading mode using more than 50 basic assets. When it comes to expiration limit, Binomo offers a wide range of expiration periods, extending from 60 sec to one day.

 

Trading Platform

Binomo allows its users to trade on their Proprietary Trading Software. It is widely recognised for launching its own trading terminal which is favourable for trading options. In the bid to stay relevant in the trading world, Binomo is constantly updating their brokerage site with innovative features. In addition, the availability of operational tools, along with “fresh” approaches to options trading, guarantees a rich trading experience.

 

Mobile App

Traders can execute their trades faster with Binomo mobile trading app, which is available for both iOS and android software. Some of the beneficial features of the mobile app include:

• Access to Transaction History
• Trading Signals
• Quick Access to Charts and Indicators  
• Browse Real-Time Pricing
• 24/7 Support

 

 

Deposits and Withdrawals

When it comes to payment methods, Binomo offers unprecedented flexibility. Users can deposit/withdraw their funds using any of the following methods:

• MasterCard/Visa
• Wire Transfer
• Neteller
• Skrill
• WebMoney
• Yandex.Money
• Qiwi

 

Education

Binomo equips its account holders with a wide range of trading tools that allow traders to make accurate forecasts regarding the price movements.

Training

Binomo provides users with a training program, which has been compiled by trained professionals. All the strategies offered by the tutorial are up-to-date and tested in real market conditions. This is why Binomo is often regarded as a favourable brokerage options for beginners who can grasp the nuances of trading from the time-tested theories and market analysis. Some of the training materials offered by Binomo include:

• Interactive Guides
• Videos
• Lessons
• Knowledge Base 
• Webinars 
• Demo Account
• Up-to-date and Tested Strategies

 

Binomo Tournaments and Bonuses

Binomo offer a host of exciting incentives to its users (T &C apply). To begin with, there is a classic bonus scheme for the first-time users. Also, it extends various other bonuses to the traders, apart from introducing a plethora of interesting promotional schemes programs. Besides this, it also organises tournaments, allowing traders to win enticing incentives.

 

Customer Service and Support

Customer support is a vital aspect of a broker. As an internationally renowned broker, Binomo supports its users with a 24x7 customer helpline, wherein customers can get in touch with the support team with their queries at the time of trading. The in-house customer support team comprises of robust professionals who are skilled to tackle all kinds of trading issues. Conveniently enough, the services can be availed in multiple languages.

 

 

 

Frequently Asked Questions

1. Is Binomo a Scam?

It is perfectly safe to trade on Binomo, as holds SSL certificates and offers security of funds.

2. What is the minimum deposit for trading on Binomo?

The minimum deposit for trading on this trading platform is $10.

3. Does Binomo offer a demo account?

Yes, Binomo offers a demo account to users, and provides them with virtual currencies for testing trading strategies.

4. Does it provide any technical support?

Yes, it provides traders with up-to-date and professionally tested trading strategies, along with effective tutorials which are convenient for both beginners and experienced traders.

 

Our Binomo Review: Final Thoughts

Functional from 2014, Binomo is recognised for its inventive and high-tech features which are suitable for trading Forex, stocks, and other assets. Not only does it offer favourable conditions for trading, it allows traders to trade a variety assets. Binomo stands out from its peers because of its outstanding features that allow traders to expedite their trades. Equipped with a number of profitable features, from interesting promotions, secured transactions, highly efficient customer services, Binomo comes across as reliable brokerage option in South Africa for options trading. Functional from 2014, Binomo is recognised for its inventive and high-tech features which are suitable for trading Forex, stocks, and other assets. Not only does it offer favourable conditions for trading, it allows traders to trade a variety assets. Binomo stands out from its peers because of its outstanding features that allow traders to expedite their trades. Equipped with a number of profitable features, from interesting promotions, secured transactions, highly efficient customer services, Binomo comes across as reliable brokerage option in South Africa for options trading.

Note: Your capital is at risk