Adam Rosen - Lead financial writer
When trading live markets with Binomo you will want to make sure any money you deposit with Binomo is safe. And that any positive balance that you gain from succesful trades on Binomo you are easily able to withdraw to your selected withdrawal methods. Its important to only fund well regulated trading platforms as you have some recourse if Binomo goes under. When analysing if Binomo are a safe trading platform to trade with you need to asses the availability of Binomo in your country, the reliability of the Binomo trading platform, what financial instruments you are able to trade on Binomo. What funding and margin amounts are required to trade on Binomo, Binomo commissions and fees charged for place buy and sell orders. What the Binomo reconciliation process is, what reporting demands Binomo has to financial regulators and goverment and the level of Binomo customer support on offer in your region.
Binomo is a broker that offers trading in Forex, Majors, Indices, Energies, Metals, Agriculturals. Binomo is not as safe as some more well regulated brokers. The Binomo platform is intuitive and user-friendly, and it comes with an excellent Binomo trading app for mobile devices. Investing opportunities are available through over 100 Binomo financial instruments. So Binomo will have something useful for most traders.
Binomo is known to have a stable trading platform as well as its prompt and expert customer service. The features Binomo offers, make it possible for traders to recognise opportunities, react to them, and quickly carry out buy and sell orders on live financial markets using Binomo tools.
Binomo is well regulated, always be wary of trading platforms like Binomo that seem too good to be true and if you are new to Binomo, always try a demo account first.
Binomo Desktop based trading platforms offer a more secure experience than their Binomo mobile app counterparts. Binomo trading applications must follow some fundamental guidelines, when giving traders access to live high risk financial markets. If a trading platform is offered as both a mobile app and a desktop application like Binomo, the Binomo desktop software is going to be a more secure option than the Binomo mobile software if you are serious about trading.
Binomo is not as safe as some more well regulated brokers in terms of their trading app. The Binomo application can be downloaded from the mobile app stores for both Apple's iOS and Google's Android operating systems, as well as from third-party websites. Only download Binomo from an approved verified source.
Do not confuse a basic looking Binomo trading app on your smartphone with a robust full Binomo trading platform that offers live expert customer support. Some mobile trading apps will have fewer bells and whistles than then a full fledged Binomo desktop trading platform on multiple screens. When there is significant volatility in the markets, a genuine trading platform like Binomo must not only remain stable but also operate without interruption thanks to its robust network and well-programmed live market infrastructure.
Because Binomo is a proper trading platform, Binomo can seem overly complicated to new Binomo traders. Binomo is an excellent option for individuals who are just beginning their trading careers, to experienced Binomo traders alike. Binomo does an excellent job of striking a balance between the various helpful tools and features it includes in its user-friendly Binomo web platform and Binomo mobile trading app.
There are many online trading sites that provide real-time quotes and information on trades like Binomo. For some Binomo investors, the convenience of dealing with everything in one place improves a traders workflow when using Binomo. Customers of brokers such as Binomo are given access to live data streams relating to the stock markets, Forex markets, commodities markets, crypto markets and ETF markets on Binomo.
The funds belonging to Binomo customers are stored safely in tier 1 banks, and an SSL encryption system is used to protect any personal information that may be transmitted to and from Binomo. Binomo is subject to regulation by , which govern how Binomo as a company conducts its business. Please note that specific regulators only monitor specific Binomo company entities. You need to be sure of which financial regulator your Binomo account falls under, before trading on Binomo.
When checking the safety of Binomo. Be wary of websites that provide a limited number of customer support options. Live chat, email, and phone support are all available from Binomo. If the Binomo trading platform. If you ever have any issues with funding your Binomo account, withdrawaling from your Binomo account or accessing the Binomo trading platform you will need Binomo customer support to resolve your issue quickly.
The process of withdrawing money from Binomo accounts is straightforward. Up to the value of the current Binomo balance in your Binomo account, less the amount of margin that has been used, may be withdrawn at any time. Your Binomo funds will be refunded to the same account that was used for the Binomo initial deposit, and any Binomo refunds will be processed using the same orginal Binomo deposit method.
In the event that Binomo are unable to fulfil their financial commitments to Binomo registered users, financial regulators should have a fund will be used to compensate qualifying Binomo customers. Any compensation from Binomo financial regulators may only be to a limited amount.
It is possible for the sum of money you have available to you in the Binomo trading platform to go into the negatives. This may happen if all of your Binomo available balance is invested in open positions, Binomo overnight fees are deducted from your Binomo account, or trading losses are incurred when trading with Binomo.
Binomo have integrated real stock trading and ETF into their operational models through the use of CFDs. In recent years, Binomo has implemented a number of useful improvements that have made the platform better suited to the needs of long-term investors. The majority of Binomo users trade in highly volatile, high risk financial instruments that have a high percentage of loss. If you are considering trading CFDS with Binomo, understand that CFD trading is high risk due to the leverage used, and you do not own the underlying CFD asset on Binomo. A CFD trade on Binomo is speculation on price movement between you and Binomo.
Binomo gives users the opportunity to trade and invest in a wide variety of digital currencies. Binomo conducts business in a manner that is compliant with the regulations of . The Binomo platform has a good range of cryptocurrency trading options. When trading crypto assets or related crypto financial products on Binomo, you must understand that cryptocurrency prices are highly volatile and your capital is at risk when trading crypto on the Binomo trading platform.
The Binomo trading platform gives users the opportunity to invest in the foreign exchange market using a selection of different currency pairs, which can be examined in more detail on the Binomo website. Binomo offers traders over Forex pairs, including major, minor and exotic currency pairs.
On Binomo, the trading of stocks can be done in one of two distinct ways. You have the option of buying and selling stocks directly (also known as trading real shares) or by using Binomo contracts for difference (CFDs). You are able to trade in either direction with Binomo CFD stocks, and you can also use leverage to magnify the exposure of your Binomo stock trades. Trading CFD stocks on Binomo is high risk and you may lose more than your deposited amount if a Binomo CFD stock trade does not go in your favour.
Binomo makes it simple and easy to trade in commodities such as gold, silver, platinum, copper, nickel, aluminium, and palladium. The Binomo platform is governed by .
Binomo ensures the safety of its customers funds by depositing Binomo customer deposits in reputable financial institutions and encrypting all of their Binomo held personal information using SSL technology. Because Binomo complies with the regulations set forth by in order to conduct business, there are safeguards in place to protect Binomo investors.
It is possible for the sum of money you have available to you in the Binomo platform to go into the negatives. This might happen if all of your available Binomo funds is invested in open positions, Binomo overnight fees are deducted, or Binomo trading losses are incurred. Both of these things could happen. When it comes to trading CFDs with Binomo, retail investor accounts lose money at a rate of upto 80% on average. Only trade with money that you can afford to lose with Binomo. Your capital is at risk
When depositing to Binomo you will need to make sure that any funding method you use is a well regulated safe financial services provider. Binomo offers funding and withdrawal methods. Some Binomo funding and withdrawal methods may not be avalable in your region.
The Binomo trading platform holds funds which may include fiat currency, cryptos and other assets. This can be considered a type of Binomo wallet. Binomo have to offer a secure trading platform as part of their regulation. Binomo has a number of high-level security features that prevent unauthorised access to the user's positive balance holdings. Binomo comes equipped with built-in DDoS protection as well as standardisation protocols for addressing issues related to large-scale Binomo network outages or Binomo cyberattacks.
You have a responsibility to make certain that the Binomo trading platform you use has a high level of security so that your personal information is not put at risk. The use of firewalls at both the Binomo server and Binomo application levels, as well as separate synced Binomo servers for storing data, is a feature that is a must for top-tier trading platforms like Binomo. In addition Binomo offers two factor authenication.
When deciding upon Binomo A reliable Binomo trading platform has a lower risk of experiencing Binomo network issues, data freezing, or Binomo order execution problems, all of which have the potential to affect Binomo trades. It is absolutely necessary to have prompt access to Binomo customer support provided by a real person at Binomo. Some Binomo alternative trading platforms are notorious for providing slow customer after many days of e-mails. You will need to be sure Binomo is there if you have any issues and Binomo is always able to give you the tools you need to action your trading strategy.
Trading forex on Binomo requires you to digest massive swaths of data before you can even think about making a live buy or sell Forex pair order. Using Binomo technical analysis charting tools you should be able to access all of the necessary information in a single Binomo location. Numerous online trading platforms like Binomo give you access to both fundamental and technical information in order to assist you in making more informed Forex trading choices.
Binomo fees may be somewhat more expensive than some Binomo alternative trading platforms, which is one of the drawbacks of using the Binomo platform. You will need to be well aware of any trading fees and commissions which vary depending on the financial instrument you are trading on Binomo.
The Securities and Exchange Commission issues a warning to Binomo investors that it takes time to make legitimate Binomo investment decisions. Binomo investors who aren't used to dealing with markets that move quickly may find themselves swept up in the excitement of trading live financial markets on Binomo. They might end up losing a lot of money on Binomo, before they even realise what has happened to them.
Binomo investors who trade stocks, Forex, crypto, commodities, CFDs and ETFs online should educate themselves about the companies whose shares they are purchasing using Binomo and put safeguards in place to protect the money they have deposited to the Binomo trading platform. One way to exercise control over the items and quantities that you purchase through Binomo is to set a limit order on your Binomo trading account. You are able to set a specific price in Binomo at which an asset will be purchased by using the Binomo order limits trading feature.
You have no emotional of personal connection to Binomo when trading. Binomo traders have to make their own decisions based on their own research and knowledge. Binomo is not able to give you financial advice. It is your responiblity to educate yourself to market trends and risk management strategies when using Binomo to trade. Binomo as a broker will not be able to assist Binomo traders in navigating the complex terrain of the financial markets.
When it comes to making choices regarding the purchase and sale of financial instruments on Binomo, Binomo traders are frequently left to their own devices. This degree of independence can bring about a feeling of self-dependence in some people using the Binomo trading platform.
Should your internet connection be unreliable or unsteady when trading with Binomo, you run the risk of missing out on a deal that could have been significant or lucrative for you.
Binomo investors ought to always have a contingency plan in place when trading live financial market using Binomo, just in case they lose access to the internet. Binomo customers are able to place their orders with Binomo mobile apps. Some Binomo alternatives even offer their clients the option of dealing with live brokers to place their orders.
When placing live trades on Binomo, every trade that is actioned wether its a buy or sell order on Binomo, must be done after careful research and consideration using Binomo research tools and market trend data. For some people, buying and selling financial instruments on global markets with Binomo is very similar to gambling. The Binomo trader will first speculate on what the outcome of something will be, and then place a financial wager on whether or not the speculation will be accurate. Trading live global markets with Binomo must never be done in a gambling fashion. Trading with Binomo holds a high amount of risk and must be taken seriously. Risk management strategies are a must when placing live trades on Binomo.
Binomo Financial Regulation:
🤴 Binomo is Used By: 10,000
💵 What You Can Trade with Binomo: Forex, Majors, Indices, Energies, Metals, Agriculturals,
💵 Instruments Available with Binomo: 100
📈 Binomo Inactivity Fees:
💰 Binomo Withdrawal Fees: No
💰 Binomo Payment Methods:
💰 Binomo Account Base Currencies:
Binomo Risk warning : Your capital is at risk
IC Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
🤴 IC Markets is Used By: 180,000
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
💰 IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
IC Markets Risk warning : Losses can exceed deposits
Roboforex Financial Regulation: Financial Services Commission (FSC) License 000138/437
🤴 Roboforex is Used By: 10,000
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
💰 Roboforex Account Base Currencies: USD, EUR, XAU
Roboforex Risk warning : Losses can exceed deposits
AvaTrade Financial Regulation: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
🤴 AvaTrade is Used By: 200,000
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
💰 AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD
AvaTrade Risk warning : 71% of retail CFD accounts lose money
FP Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
🤴 FP Markets is Used By: 10,000
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
💰 FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
FP Markets Risk warning : Losses can exceed deposits
NordFX Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
🤴 NordFX is Used By: 10,000
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
💰 NordFX Account Base Currencies: USD, EUR
NordFX Risk warning : Losses can exceed deposits
XTB Financial Regulation: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
🤴 XTB is Used By: 250,000
💵 What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with XTB: 4000
📈 XTB Inactivity Fees: Yes
💰 XTB Withdrawal Fees: No
💰 XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
💰 XTB Account Base Currencies: USD, GBP, EUR
XTB Risk warning : 76% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone Financial Regulation: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
🤴 Pepperstone is Used By: 89,000
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
💰 Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
XM Financial Regulation: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
🤴 XM is Used By: 10,000,000
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
💰 XM Account Base Currencies:
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor
accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford
to take the high risk of losing your money.
eToro Financial Regulation: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
🤴 eToro is Used By: 20,000,000
💵 What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with eToro: 2000
📈 eToro Inactivity Fees: Yes
💰 eToro Withdrawal Fees: Yes
💰 eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
💰 eToro Account Base Currencies: USD
eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.
FXPrimus Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
🤴 FXPrimus is Used By: 10,000
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
💰 FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN
FXPrimus Risk warning : Losses can exceed deposits
easyMarkets Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
🤴 easyMarkets is Used By: 142,500
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
💰 easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR
easyMarkets Risk warning : Your capital is at risk
If Binomo isn’t quite what you are looking for you can check out some of the best Binomo alternatives below.
If you would like to see Binomo compared against some of the best Binomo safe alternatives available right now you can do so by clicking on the links below.