Binomo is a popular binary options broker which opened in 2014, offering a unique binary options trading platform.
Binomo is owned by Tiburon Corporation Limited, which is located at: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles.
Binomo Broker Review
During our review of the Binomo, we see that they offer a unique binary options trading software. Getting started is very easy as you are automatically sent to their demo trading platform to test out the usability and interface.
They have a variety of Forex pairs, shares, commodities and market index available for trading. Standard payouts are 82% and up to 95% for VIP traders. As a global broker, their website is available in the following languages; English, Русский, Bahasa, Indonesia, Bahasa, Melayu, Español, ไทย, Tiếng, Việt, Português, Türkish and Polski.
Creating a new account is very quick and easy with their Google, Facebook and VK Connect. Getting started with a live trading account only requires a $10 initial deposit, and the minimum trade size is only $1.
VIP accounts are available for investors with more than $1,000 in their trading account. Some of the benefits of a VIP account are cash back bonuses, 1 hour withdrawals, and returns up to 95%.
Binomo Regulatory Oversight
When the Scam Broker Investigator reviews a binary options broker to determine if this broker is a legitimate broker or a scam, we check to see if they have an active license. It is easy to know if a broker is licensed if they display a license number from the FCA, FSB or ASIC.
Binomo does not have a license, but rather they are a member of the Financial Commission. Payment processing is handled by: Stagord Resources Ltd, Evagorou 27, Irene Building, 4th Floor, Flat/Office 44, Trypiotis, Nicosia, 1066, Cyprus.
You can find the complete list of licensed Forex brokers listed here.
Automated Trading Software
A lot of new binary options investors use an automated trading software or robot for trading, however most are get rich quick scams, read why.
You can see the most popular binary options robot now available see here.
Compare Brokers To Binomo
Smart investors always check out at least 2 alternative brokers, before deciding which binary options broker to use. You can have a look at the best brokers list (updated monthly) see here.
If you are currently trading with Binomo, please share your experience with other new investors in the comments below.