Free 24/7 trading service
Binomo is a finance centered app by Binomo Mobile. It is a trading service that allows you to trade 70 different types of assets including binary, cryptocurrency, foreign exchange, and contract for differences options. Binomo is owned by Dolphin Corp and started servicing users in 2014. With a projection of over 100 thousand active traders a day, you can be one of the millions of successful trades a week.
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Can we withdraw money from Binomo?
Binomo is a binary options broker with low trade requirements. It offers cryptocurrency, forex, and CFD trading. The platform uses SSL protocol, ensuring that all your data is encrypted and your money is protected in all trading conditions. You will not be asked to provide your credit card number and banking information so you cannot deposit or withdraw money.
There are more than 20 different graphical tools you can use to analyze your trading charts and history. This includes charts, hotkeys, and fast refresh rates. The hotkeys allow for quick access and quick online trading - something that other trading apps like OlympTrade doesn’t have. You will also find an economic calendar in the app. It can be integrated or shown on independent tabs and used with various charts.
Binomo’s goal is to have you seize opportunities the moment they arise, which can be seen through its streamlined and efficient features; you can start trading with just one click and without confirmation. Combined with the quick refresh rate, it’s a good incentive for discerning traders to keep an eye on the program.
Is Binomo legit?
Binomo offers a tried and tested High/Low options trade type. It’s a standard call/put derivative option, making it generally available from all binary options brokers. For the uninitiated, High/Low options require predicting the final market price of an asset; either it will rise above or sink below the price at the start of a specified time limit.
For experienced brokers, it is similar to turbo trades but it has a shorter time limit. There limited trade types on the app, but it makes up for it by providing non-stop trading availability; Binomo market never closes so you can trade anytime and on any day you want - including weekends. It’s another feature that stands out from other online brokers.
All trading in Binomo is regulated by the International Financial Commission or IFC. It is an independent organization that oversees financial markets. This is important because all members of the IFC receive a compensation fund. It means that if Binomo’s funds were compromised, traders will be protected up to 20,000€, making it more attractive for traders that are risk-averse.
Good app for new traders
Business-minded users that are looking to start trading can start with Binomo. It offers a limited but standard trade type and teaches new traders to discipline themselves by not allowing them to withdraw their funds. With Binomo, you can learn to take more risks in exchange for greater reward, and even the most risk-averse traders can rely on this app as it is regulated by the IFC
