Now we will tell you about the features of trading on the Binomo exchange. You will learn about the capabilities of different types of accounts, concluding transactions and other important issues. Read so as not to miss.
Binomo offers a standard type of binary contracts: High / Low and turbo options. Traders make a profit if they correctly determine what the movement of the underlying asset will be. Traders are guided by three indicators:
- Expiration – the date of expiration of the contract;
- Strike price – this is the cost of buying the option;
- Market price – the value of the asset at the time of expiration of the transaction.
High/Low (Higher/Lower) implies a forecast of whether the asset rate at the end of expiration will be lower or higher than the initial rate.
Turbo options also work on the High/Low system, but have shorter expiration dates. With a High forecast, the trader presses the green button on the terminal, with a Low forecast, the red button.
When working with Call/Put (Buy/Sell), the trader buys a call option if the forecast indicates an increase in the asset value. With a decrease in the forecast, the trader opens a put option.
Binomo trading conditions
| Platforms and software | Web platform and mobile application for Android/iOS |
| Account types | Free, Standard, Gold, VIP |
| Main currency | USD, EUR |
| Financial instruments | Classic and minute contracts for the difference in the price of the underlying asset (currency pairs, stocks, indices, cryptocurrencies, commodities). |
| Profitability | 80-90% with a correct price change forecast |
| Entry threshold | $0 — demo account, $10 — real account |
| Minimum investment | from $1 for one transaction |
| Expiration | from 30 seconds to 60 minutes |
| Leverage | Absent |
| Trading fees | Absent |
The broker does not offer leverage — borrowed funds for margin trading. There are no trading fees for opening trades. However, the platform charges an inactivity fee — $10 if the account has been inactive for more than a month.
The platform has various bonus programs. When replenishing an account with real money, you can receive a bonus of up to 100% on your deposit. When using bonus funds, please note that access to withdrawing profits from the account will be available after a certain trading turnover.
Account types on Binomo
The broker offers 4 types of accounts: free, standard, gold and VIP. Trading conditions, profitability and bonuses directly depend on the account type.
Trading conditions on different accounts
| Account type | How to get? | What does it give? |
| Free | Create an account | Access to the platform, demo accounts without investments, contracts with 32 assets. Load cryptocurrencies in the amount of $1000. |
| Standard | Top up your account with an amount of $10 | Access to all platform functions and 48 assets. Options yield up to 85% and bonuses up to 100%. Participation in tournaments. |
| Gold | Top up your account with $500 Access to all functions and 61 assets. | Higher rewards in tournaments and bonuses up to 150%, cashback – 5%. Personal manager, analytics from experienced traders. |
| VIP | Top up your account with $1000 Access to 74 assets. | Options yield up to 90%, bonuses up to 200%, cashback – 10%. Participation in VIP tournaments. VIP manager services, investment insurance and special offers. |
How to make a deal on Binomo?
The process of trading or concluding deals includes 5 simple steps.
- Log in to your account. Make sure that the right account is selected – a real account or a demo account (upper right corner above the chart).
- Select an asset for trading using the drop-down menu. For example, Cripto IDX – a cryptocurrency index.
- Prepare a forecast of the asset rate movement using a chart, indicators, analytics.
- you can specifying the time and the amount of transaction in the form and on the right using the plus / minus buttons.
- To open a deal, you need to click the “green” or “red” button. If the forecast indicates an increase in the rate, you should choose the High / Higher contract. If the forecast is for a decrease, choose Low / Lower.
When the transaction period expires, the trader will receive a reward for the correct forecast. The profit will be credited to the account immediately.
The broker allows trading in Non-stop mode, that is, you can open a new deal without waiting for the previous one to close.
How to trade on the news in Binomo?
Experienced traders take into account news and other external market factors when making decisions. For example, in June 2022, UBS analyst Lloyd Walmsley cut Amazon’s 2023 revenue forecast by 3%, which led to a 5% drop in the stock price on the same day.
The overall decline in AMZN for June 2022 was 11.7%. After the news about the negative analyst forecast was released, a trader could open a trade to lower the stock price. The likely decline in Amazon’s price in 2022 was indicated by the overall negative trend in the stock market.
Amazon (AMZN) shares were trading 34% lower in mid-2022 than at beginning of the year. Most news can be classified as economic, financial, political, or related to 2-3 categories simultaneously.
- Economic news reports on how countries distribute resources, produce and consume goods. Economic indicators include GDP and GNP (gross domestic product), exchange rates, inflation rates, unemployment, central bank rates, etc.
- Financial news reports on the financial situation of countries, companies, and individual industries. For example, if a company’s profitability turns out to be less than expected, the market value of its shares will most likely fall.
- Political news reports on the results of elections, government support for individual industries. Political instability can cause serious falls in the markets.
The market reaction to news usually lasts from 30 minutes to 2 hours, less often 3-4 days, depending on the scale of the event. To view news on Binomo, there is an economic calendar in your personal account. To open the news feed, click on the “Calendar” icon on the left panel.
Economic events in the calendar are arranged in small paragraphs, allowing you to quickly view the news.
Economic events in the calendar
To read information about an event, you need to click on the news, and click “More” to view the rest of the article.
What is single-threaded trading in Binomo?
Binomo allows you to trade in Non-stop mode, that is, open several transactions at a time. You can block the possibility of opening unnecessary or random transactions using the “Single-threaded trading” function.
You can activate the “Single-threaded trading” mode in the trader’s profile. In single-threaded mode, opening a new contract will be available only after closing the previous option and receiving a notification about the results of the transaction.
How to trade on Binomo for a beginner?
For a convenient start in binary options trading, the brokerage company offers:
- a demo account for $1000 with a replenishment;
- tutorials and tips, including useful strategies for beginners;
- a help section;
- free tournaments for users of the mobile application. The Tournaments section opens after replenishing the deposit.
Beginner traders should remember that the use of strategies, technical and news analysis can increase the percentage of successful transactions. The web platform has a built-in economic calendar for tracking important news and statistics.
For analysis, the platform provides 4 types of charts: line, candlestick, bar and zone charts. Linear and zone charts are the simplest, so they are most convenient for beginners. You can switch the chart on the left panel.
You can switch the chart on the left panel
The platform offers a classic set of 14 indicators, including: Parabolic SAR, Moving Average, ATR, RSI, Bollinger Bands, Stochastic and others. For quick access to various functions and tools, you can use hot keys.
you can use hot keys
In addition to the indicators, more than 20 different graphical tools are available.
more than 20 different graphical tools
Any trading strategy must be tested on a demo before using on a real account. To minimize losses, novice traders can apply the rules of money management and capital management. For example, invest no more than 2% of the deposit in one transaction.
What is the best time to trade on Binomo?
The broker provides round-the-clock access to trading, including on weekends. If the commodity or other market is closed, quotes are provided by special agencies.
The effectiveness of trading binary options, like most financial instruments, depends on the time, as well as the type of underlying asset. The main activity occurs during the daytime and periods of operation of international financial centers.
Market activity, changing trends are often observed during the opening and closing periods of four trading sessions:
- Asian session;
- Pacific session;
- European session;
- American session.
Due to the presence of 4 sessions, trading is conducted 24 hours a day.
For traders living in Western Europe, the CIS countries and Russia, the most favorable period is the European session at 9:00 – 12:00 and 13:00 – 15:00.
The American session (until 00:00 Moscow time) is also suitable for binary trading, as this period is characterized by maximum volatility.
Is it possible to open a demo account on Binomo?
A demo account is opened automatically immediately after creating an account on the platform. To access the demo, simply register by email; you do not need to top up your deposit.
A demo account allows you to get acquainted with the BO provider’s service, its functions, test strategies, and trade virtual funds.
A window with a trading terminal and a trader’s personal account
A demo account for $1000 is free, unlimited, and renewable. To top up your demo, click on the “arrow” icon next to the Demo account in the upper right corner.
What is the minimum deposit on Binomo?
The minimum deposit amount is depends on the type of account that the trader intends for work :
- Free — $0;
- Standard — $10;
- Gold — $500;
- VIP — $1000.
Free is a demo account that does not require replenishment. The minimum deposit for trading on a real account is 10 dollars or euros. The system of accounts with different deposits allows you to practice without risk and choose the best trading conditions.
The minimum investment for buying one option is only $1.
” bonus through a mailing list offer or a personal manager.
A welcome bonus is an increase in the client’s deposit by 25%, available during the first 30 minutes after registration. To activate welcome bonus, you need to click the “Deposit” button.
In the form that opens, select the country, payment method. Then enter the amount to replenish and check the box in the “Bonuses, offers, coupons” column. The “Will be credited” column will display the amount received on the account.
Conclusion: How to Trade on Binomo
Trading on Binomo offers a unique and accessible approach to binary options trading, whether you’re a beginner or an experienced trader. With its various account types—Free, Standard, Gold, and VIP—Binomo provides a range of features and benefits tailored to suit different levels of investment and trading experience. Each account type has specific advantages, from the demo account for practice without any investment to the VIP account with higher yields, exclusive tournaments, and cashback opportunities.
Binomo’s trading platform is user-friendly and available on both web and mobile applications, allowing traders to choose from High/Low and turbo options for short-term trading. Traders can utilize the economic calendar and a robust set of indicators, such as moving averages and Bollinger Bands, to make more informed decisions. Additionally, the platform’s demo account with virtual funds allows beginners to practice risk-free and test strategies before committing to real investments.
With round-the-clock access to trading, Binomo also allows traders to capitalize on global market movements, especially during high-volatility periods in the European and American sessions. For those seeking a seamless trading experience, Binomo’s tools, insights, and support make it a solid choice for trading binary options.
