Whether you are a beginner to binary binomo binary options trading and making a choice on that first broker or already have some experience and are either not entirely satisfied with your current broker or simply interested to compare, it makes sense to put in some research time.
There are now a great many binary options brokers on the market. Many of them are not particularly distinct from each other and often use one of 2 or 3 popular white label trading platforms and others have a greater degree of uniqueness to the service and product they provide.
Because there are differences in terms of both the trading options available, minimum value of positions and deposits and trading platforms, it is important to make sure a broker offers what you need before opening an account and making a deposit.
Customer services and security are also of course primary considerations.
We hope this will provide a valuable resource when it comes to helping you select the best broker for your requirements! In this review we take a look at Binomo. Company Information On the market sincethe Binomo brand belongs to Seychelles-registered holding Tiburon Corporation with payment services operated out of Cyprus by Stagord Resources.
The ownership of the broker appears to be Russian and Binomo first established itself as a binary options brokerage brand in Eastern Europe before developing a broader international market in Western Europe and Asia.
Assets Available Binomo traders can choose from a solid range of assets across indices, equities, currencies and commodities. Overall there are over 70 choices, which while not the deepest range available on the binary options market, will be more than enough for the vast majority of traders.
New account holders are offered a deposit match on their first deposit. Deposit match bonuses are also often opened for several days at a time to encourage existing account holders to top up their trading funds if they are running low.
One drawback to accepting bonuses is that the trader must then trade the value of the bonus at least 35 times before being able to make subsequent cash withdrawals from their account. Trading Platform Rather than opting for one of the usual white label trading platforms most common for binary options brokers, Binomo have taken the admirable decision to go it alone and develop their own proprietary platform.
The top white label platforms are high quality products but at the same time it is refreshing to see something a little different. This will appeal to many traders who value ease of trading above all of the add-ons some platforms have, which can clutter the screen and detract from core usability. Mobile Apps versions of the trading platform are available for Android and iOS mobile devices and have been built to a very high quality.
The general simplicity of the trading platform means it lends itself naturally to a smaller screen format and there is also no noticeable time lag when placing trades, which can sometime be an issue with binomo binary options platforms on mobile devices. Desktop and mobile apps also sync so traders can open a trade on their laptop or desktop and then subsequently monitor and manage it on the go.
Fees, Payouts and Trading Features There are no fees attached to holding an account and generally using the Binomo trading platform.
No charges are applied to standard withdrawals, which many brokers do apply.
Binomo payout stand up well against industry averages. Processing time for withdrawals is given as being within 3 working days.
Firstly, the inability to set the expiration date for more than 60 minutes. Secondly, there are 60 assets for VIP account.
Both deposits and withdrawals are made by debit and credit card with Visa, Mastercard and Maestro all accepted. One drawback is that Binomo does not currently support bank transfers or e-payment providers for deposits and withdrawals. Customer support Customer support is offered via a variety of communications channels including Skype, chat, telephone and email, with 9 different languages also supported, including several Asian languages such as Mandarin, Thai and Indonesian in addition binomo binary options the usual major European languages.
Customer service response times and helpfulness have binomo binary binomo binary options criticised and is obviously an area where improvements can be made.