- Profitability: up to 90%
- Minimum deposit: $10
- Minimum trade: $1
- Expiration times: 1 min – longer-term contracts
- Assets: Forex, Crypto, Commodities
- Instruments: Fixed-time trades
- Platforms: Web, Android, iOS
- Country / regulator:
- Visa
- Mastercard
- E-wallets
- Bank transfer
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Binomo overview
Binomo is a trading platform that provides access to binary options and fixed-time trades on a range of financial markets including currency pairs, indices, equities, commodities, and cryptocurrencies. Trading is conducted through a proprietary web-based interface with predefined expiration times and fixed payout structures.
The platform is typically used by individuals focusing on short-term binary option strategies. User profiles include beginners using demo accounts to understand platform mechanics, as well as active traders executing short-duration trades based on market price movements.
Advantages and limitations
Advantages
- Low minimum deposit requirement, allowing access with limited initial capital.
- Minimum trade size of $1, enabling controlled position sizing.
- Demo account availability for practice without financial exposure.
- Coverage of multiple asset classes within the binary options framework.
- Proprietary platform accessible via web and mobile environments.
Limitations
- Regulatory oversight is based on offshore registration rather than major financial authorities.
- The platform focuses on binary and fixed-time trades, without access to CFDs or spot forex.
- Expiration durations are limited to short-term time frames.
- Analytical tools are primarily integrated and may be less extensive than on specialized trading platforms.
Key information about Binomo
| Broker name | Binomo |
|---|---|
| Official website | https://binomo.com |
| Overall rating | 4.1/5 |
| User profile | Traders interested in binary options using a proprietary trading platform |
| Key indicators | |
| Maximum profitability | Up to approximately 90% on binary option trades |
| Minimum deposit | $10 |
| Minimum trade | $1 |
| Expiration durations | From 1 minute up to 1 hour |
| Trading coverage | |
| Available assets | Forex, indices, stocks, commodities, cryptocurrencies |
| Instruments | Binary options and fixed-time trades |
| Platforms | Proprietary web-based platform and mobile applications |
| Country of incorporation | Cyprus and Saint Vincent and the Grenadines |
| Regulatory framework | Registered with an offshore authority and member of an external dispute resolution organization |
This table provides a factual overview of Binomo’s trading conditions, platform structure, and market coverage.