Binomo – Get Your Free Demo Account

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Broker Binomo – Get a Free Demo Account

When it comes to binary options trading, education and your level of experience are crucial to success. This is the main reason why it’s best to invest in education and training if one wants to make a mark in the business.

When it comes to education, you can easily count on resources and educational programs available online. Beefing up one’s experience in trading is a different story.

Not everyone has the money to spend on real-money trading to test a few strategies. And even if he does have the funds, the process is not re-assuring.

The outcomes of the trades are unpredictable; they can bring in a few returns or result in massive losses.

But with the availability of simulators and free demo platforms from top brokers like Binomo, beginners can now gain experience without the usual risks. If you open a demo account with Binomo, you are given the chance to explore and test trading processes risk-free.

Read our Binomo review

Broker Info Bonus Open Account
USA Allowed No
Regulation:
Demo Account: Yes
Min Deposit: $ 10
Minimum Trade Amount: $ 1
FREE DEMO AND LOW MIN DEPOSIT Trade Now! Read Review

How to enjoy the free demo account from Binomo?

If you’re interested, simply complete the registration form here by providing your personal information including the email address. Once the details have been submitted, the brokerage company will then register the account. This account is free of charge but will allow you full access to its demo platform including extra tools and other functionality.

What you can get from the free demo account?

Once your registration has been completed, you will get full access to the company’s trading terminal. You can use and test a few tools and functionality on the platform without using real money.

This means that your Binomo demo account will serve as your initiation to trading. When you open the platform, the first page will display the interactive step-by-step instructions on how to use the platform and the procedures involved in the binary options contract.

If you proceed to the trading platform, you will get access to trading terminal tools and functions. These are the same tools that are used in real money trading. For a start, you will be credited with a $1,000 fund which you can use to test trades and gain experience along the way.

Once the funds have been used, you are given the option to top-up the fund using a touch of the button. There’s no limit to the number of top-ups that you can do on your account.

Also, the free demo account by Binomo allows you to test a few trading strategies without using your money or making a deposit. Using the credited virtual money, you can easily test the effectiveness of the strategies and verify other principles in trading. The free demo account can serve as a ‘playground’ where you can access different tools and functionality which can help explore different assets and payouts. And since you have access to a platform that’s used in real money trading, you can easily get the training which can boost your profits in the future.

With the free demo version of the Binomo, you can test a few strategies and trading principles without a cost. This is not just a simulator that can boost your knowledge of trading; it’s also a platform where you can assess and correct your trading mistakes.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

Binomo

Instruments Binary Options, Crypto
Deposit Methods Bitcoin, Credit cards, ePayments, Neteller, Wire Transfer
Min Deposit $10
Min Trade $1
Regulated
Free Demo
Max Payout 95%*
Hindi Support

98%

Last Binomo review update: April 2020

In-depth Review of Binomo for India

Today we are going to carry out an in-depth review of another broker that offers a wide range of trading instruments for binary options in India. The broker in question can be found on binomo.com, however, Binomo is simply the brand name of the company Tiburon Corporation Limited. A company incorporated under the laws of the Republic of Seychelles (registration number 187026), with their head office in Victoria (Seychelles ).
Tiburon Corporation Limited, which is the actual company in charge of supply of service, also has a managing company in charge of operations. The operating company is Stagord Resources Ltd, and it is registered in the Republic of Cyprus with registration number HE 338508. Their address is based in Nicosia (Cyprus ).
I hope that was not too much to take in? In a nutshell, what that meant is that the company is registered in 2 different locations, probably for the advantages each nation brings, for both operational and general service delivery. Keeping things simple we’ll refer to the company by her brand name “Binomo”.

What is Bonomo ?

Binomo is a binary options trading service provider that offers smart investment services to Indians and investors around the world and free training.

Video Review

Trading platforms

The Binomo trading platform is offered in English and Hindi. They provide us as web-based, android mobile, and ios mobile apps, which can be downloaded from the app stores. An experience with the trading platform was an amazing yet simple user interface, easy to navigate, yet presenting an awesome user experience. So, are you new to options trading and you’re kind of dazzled by the presentation of some trading platforms out there? Well, the Binomo trading platform is built with you in mind. You can start trading by simply selecting an asset you are interested in; enter the amount you will like to invest on that particular asset; set an expiration period for the transaction, and determine the direction of movement for your chosen asset.
Haven come this far, you may conclude by clicking on either one of the two up (green) or down (red) buttons that are inclined to your anticipated forecast. The results of your trades are displayed in the transactions window, with profits or loss added or deducted from your account balance as the case may be.

I will recommend newbies and experienced traders alike to trade on their demo account which is absolutely free. It’s an easy and cost-effective way to get familiarize with the platform.
Again, it is strongly recommended that Indian clients of Binomo binary options trading read through the client agreement. There you will find useful information regarding to trading that should not be overlooked. The company strongly frown against multiple account registration, and have strict penalties in place for anyone found wanting.
For a smooth live trading experience, it is important that traders use a very strong internet connection as the company cannot guarantee that the quotes on the trading platform cannot serve as a reliable source of quoting information in the case of bad internet connection. This can be found under clause 4.1 and 4.2 “Quotes” of the client agreement.

The chart below presents the general outlook of the Binomo trading platform.

Indicators and Drawing Tools

The indicator and drawing tools are nicely placed at the bottom left corner of the trading platform as shown in the chart below. A good number of technical indicators are at the disposal of the trader to estimate market direction. Among these are the Moving average, MACD, Bollinger bands, Alligator and RSI etc. These indicators can be easily attached to any asset of your choice loaded on the chart.
The drawing tools can be found on the same panel as an icon with a cup and drawing

tools in it. This is also shown in the image below. Simply click on the cup icon to display and use drawing tools like segment, continuous, Line, Ray and Horizontal etc. if you are into establishing support and resistant lines on your chart.

Time-frames and Chart types

The chart can be toggled between different chart types, depending on how you want your chart to be presented. You have the choice of mountain, candlesticks, line, or bar charts on different timeframes ranging from 1 second to 5-minute charts.

Instruments offered for trading

At Binomo, you can trade binary options on stock indices, shares, commodities, different currency pairs, and crypto index. Click on the plus symbol beside the default asset open to view other available assets, as shown in the chart below.

Types of Accounts

The team at Binomo created a low barrier to entry in the industry of binary options trading through different account types. These include demo, standard, gold, and VIP accounts. Let’s take a closer look at what these accounts have to offer.

Demo Account

Their Free $1000 demo account is a perfect tool for those who new to binary options trading. It’s an account to get your feet wet as well as for training and practising a trading strategy. This is the gateway to Binomo’s full functionality. Just in case you run out of funds on your demo account, by a simple click of the refresh button beside your account balance display.

However, I must warn that have read their client agreement, the demo servers are mostly different from the real account servers, and it does not totally take the place of practising with real money, where your emotions are at play. This is partly why at Binomo, they have a second account called the “Standard account”.

Standard Account

This is in my opinion, an account suitable for all traders, whether you are a beginner or an experienced trader. My reason is that you can start trading with as little as $10. Subscribing to a standard account grants you access to the most liquid assets, and experience the real potentials of the Binomo trading platform, and most importantly making a profit. With a standard account, you can start trading with as little as $1 per trade; you are eligible to participate in trading competitions; withdraw profits within 3 working days, and enjoy a wide range of bonuses.

Gold Account

Opening a gold account opens more opportunities for traders to leverage off, thereby increasing profit potentials. What I find attractive about the gold account is the 5% weekly cashback.

VIP Account

Large fund managers are not left out. For traders that require exclusivity and want insurance on their capital, Binomo presents investment insurance tools for your use. Also included are analytical support and of course being able to withdraw your profits within 4hours max.

Commissions & Fees

Trading binary options on the Binomo platform does not attract any commission or spreads on transactions. However, according to clause 2.14 of the client agreement the company will charge a 10% withdrawal fee in the case where a client decides to withdraw all or part of his/her fund without making double his/her initial deposit.

Minimum deposit and requirements

The minimum allowable deposit for carrying out trades is $10 being offered on the standard account, however, you can enter a trade with as low as $1. Requirements for deposit are simply the KYC (Know your customer) policy which the company has the right to demand from her clients. More information on this can be found in “clause 1.5 “of the client article. Generally speaking, documents required are a form of identification and utility bills.

Payout/Leverage

At Binomo you get leverage in the form of bonuses. The company is giving out 10 options in the amount of $150. This is an offer for all new traders from India on the Binomo service. Different account types have bonuses allocated to them. Go to the link to account types to find out more about such bonuses. Follow this link to get further information regarding bonuses and offers.
The maximum Payout offered is 95% however levels vary depending on the volatility of asset and account type. Again, visit the account section to for more info on these.

Promotions & Bonuses

Binomo Bonus

Binomo is giving away deposit bonuses. Please check their website for promotions.

Deposit and withdrawal options

Payment and withdrawal can be made using Visa, Mastercard, and Maestro. Other payment alternatives are Neteller, Qiwi wallet, and a range of cryptocurrencies.
I recommend Neteller to Indian traders as deposit option.

Customer Support

Binomo has efficient online customer support via phone, live chat and email that is available during the week. You can also ask questions and have a ticket created for your inquiry on this link

Binomo Review – Summary

The Binomo binary options trading service platform is a great company to consider when looking for an options trading broker for India. They offer a $10 low barrier to entry in the binary options trading industry. Start with a $1000 demo account and gradually upgrade to a standard account for newbies, but I will recommend a gold account for the more seasoned trader. Reading the customer agreement cannot be overemphasized, this is applicable to all trading service providers. Have a successful experience, trading with Binomo options broker.

Binomo broker.

Open demo or real account

Risk Warning. Your capital is at risk!

Binomo Company review

Binomo Limited Company launched in 2020. The advantages of the Binomo platform:

  • Beneficial trading conditions for beginners;
  • Good 24/7support service;
  • Convenient learning conditions, unlimited demo account;
  • The minimum entry amount for real trading is 10 USD;
  • The minimum investment amount for the transaction is 1 USD or 1 EUR;
  • Comfortable trading platform with the technical analysis function;
  • The ability to trade with classic contracts, equities, commodities, OTC ;
  • Mobile trading is available;
  • More than 10 payment systems support, fast payments

Basic information About Binomo Broker

Broker name Binomo
Site www.binomo.com
Date of foundation 2020 year
Central office Dolphin Corp First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines
Type of support Online-chat, e-mail
Languages 13 languages
Trading terminal A professional author terminal
Min. Deposit $10
Min. invest $1
Bonus *Up to 100% on Deposit
Profit **Up to 90%
Free demo account Yes Open demo
Regulated The Financial Commission
Regulator CRRF (RU 0395 AA V0132)
Account type Demo, Standart, Gold & VIP
Deposit methods Credit and debit cards VISA/MasterCard, Neteller, WebMoney, Perfect Money, cryptocurrency wallets, and more***
Ways to withdraw money Credit and debit cards VISA/MasterCard, Neteller, WebMoney, cryptocurrency wallets, and more***
Number of assets 40
The expiry time 60 seconds to 1 hour
Asset type Currency pairs, cryptocurrency (Bitcoin BTC, Litecoin LTC, Crypto IDX), commodities, OTC
Types of options Classic
Currency of account USD, EUR, INR
Mobile App

*Details can be found in the “checkout” section or in the “Promotions” section **if the forecast is correct ***The type of Deposit / withdrawal depends on your country of residence

There are drawbacks, but they are few and controversial. Firstly, the inability to set the expiration date for more than 60 minutes. Secondly, there are 45 assets (for VIP acount). In the case of the first minus, it is worth noting that the company is mainly focused on beginners and short-term trading. And 45 basic assets is a sufficient assortment of trading tools. There are currency pairs, cryptocurrencies , stocks, raw materials, and stock indices. For comparison, many Forex dealing centers offer clients about 15-20 currencies.

Recall what a broker is

A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal. You can read more details here

Binomo trading platform

One of the main competitive advantages of the company is a customized trading terminal. Modern Binomo terminal is a professional trading platform.

The Binomo platform, which is considered one of the best on the market, has the most advanced technologies; professional tools are available to help conduct a full analysis of the assets dynamics, high speed of applications execution. This eliminates the need to use third-party services and makes trading comfortable. Moreover, in addition to all the advantages described above, Binomo easily withdraws profit earned by traders. The average withdrawal time for a standard account is 24 hours, while for a VIP account it is approximately 3 hours.

The company’s platform, which does not require installation on a computer, is distinguished by a pleasant design and advanced functionality: the change of the graphics look, the expiration type, the range of assets and the study of the information according to them, adding indicators and graphical elements, etc. It is easy to understand the principle of the platform operation, to understand the capabilities of the client; then you can immediately deal and make a profit. The terminal is focused both on the market novice and on the professional trader, who will be comfortable here. You can immediately learn the latest market news, analytics of the company’s employees, watch quality webinars.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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