How to trade on Binomo? Best trading strategies + Binomo broker review

Benefits of Binomo

1. Optimal for beginners . Deposit from $10, demo account, individual training with a mentor, or absolutely free - independent. Video lessons, ready-made strategies for trading, available in the terminal.
2. Favorable trading conditions . Profitability up to 89% in 1 minute. Large selection of assets. Trading at night and on weekends (cryptocurrencies and classic currency pairs in OTC mode).
3. Finance . Uninterrupted payment system, support for more than 10 payment systems.
4. Safety . Official certification of the Center for Financial Markets, the highest category of reliability of the International Financial Commission. Online payment protection and SSL data encryption.
5. Tournaments . Trader competitions on an ongoing basis. Tournaments of various sizes - for beginners and experienced users. Prize funds for events are up to 100 thousand dollars.

Information

Useful information on trading binary options on the Binomo platform.

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free registration

Large trading volumes, maximum level of security and high-quality trading services are just a small list of the broker’s advantages that attract binary options traders. Today we will analyze the main set of tools, conditions and services of the broker, and draw a conclusion about the level of efficiency of the platform for trading binary options online.

Official website of the Binomo platform

You are already one step away from trading. Registering on Binomo is as simple as possible - you only need an e-mail and password, and the trading terminal immediately opens. You can log in via Facebook or Google. If you plan to trade, then the mail must be real.

An important nuance at the registration stage is the choice of account currency. Win-win option: USD. This parameter cannot be changed in the future, but it affects the list of available payment systems, as well as the actual size of the minimum investment and deposit.

Features of the Binomo web terminal:

• high speed and stability, compatibility with all browsers;
• tools for technical analysis – 14 indicators, more than 20 autofigures for drawing on the chart (the range expands with platform updates);
• built-in services: economic calendar, ready-made strategies with step-by-step trading instructions;
• multi-tab interface with independent asset charts;
• 1-click trading, hotkey function for trading from the keyboard without using the mouse;
• switching between a demo account and a real deposit in 1 click without resetting the terminal.

Binomo also supports iOS and Android mobile terminal. All company applications are constantly updated - new functionality is added and shortcomings are eliminated.

Let's look at the basic operating principles of each available service and the forms of their use.

MA indicator

The moving average is a classic tool for determining the trend movement of a chart. It uses a technique that takes into account the average price of an asset over a clearly defined period of time. In this way, we obtain smoothed indicators of the asset chart, which allow us to clearly establish which trend is dominant in the market. This analysis resource works as a main and auxiliary service for calculating the general direction of trend fluctuations and as an indicator for generating trading forecasts. In the classic version of using the service for trading on the market, a signal appears in the form of price candles crossing the indicator’s moving average:

This trading signal format has an accuracy level of 80-85%!

Alligator

The classic trend service, developed by Bill Williams, is a very popular indicator in trading. Three dynamic moving averages of the MA indicator, assembled into a system with fine-tuned settings by the developer, identify the direction of the trend on the trading chart, the origination points of a new trend movement, and also identify consolidation zones in which it is better to refuse trading. The classic signal of a technical device has a format in the form of the intersection of moving averages in a certain direction:

This way you can get profitability statistics of up to 90% of profitable bets.

MACD

This analysis service belongs to oscillatory types of indicators. Its operating algorithm is based on the use of a set of tools consisting of three MAs. Two moving averages are classical averages of different evaluation periods, which, by their intersection and degree of divergence between themselves, demonstrate trend changes in the movement of the asset chart. The third moving average in the indicator is presented in the form of a histogram, which informs the trader not only about the turning point in the market movement, but also about the strength of such a trend. The information content and wide variety of service indicators allows you to very effectively determine the indicators necessary for drawing up a trade contract.

The service generates the following technical data as main signals:

• Location of the histogram relative to the scale level
• Intersection of the scale level by histogram moving averages
• Divergence of oscillator lines relative to each other

Mono-indicator strategists based on MACD are distinguished by high forecast accuracy.

RSI indicator

A tool for determining the direction of a trend and its relative strength is an indispensable tool in trading. The fact is that the indicator identifies several indicators at once: market extremes - overbought and oversold zones, which are marked by the levels of the indicator scale, as well as the moment of trend reversal, which is identified by the line of the analysis tool crossing the zero level of the scale. In addition, the dynamic line of the instrument indicates the current trend of market fluctuations, which allows one to identify long-term trends or short-term corrections in the price of a trading asset. The indicator generates a classic signal in the form of an exit from market extreme zones:

The accuracy of such a technical signal is on average 87%!

Bollinger Waves

This classic indicator for generating dynamic quote movement channels is a combination of three moving averages based on the operating principle of the MA indicator. Thus, the technical tool accurately and in real time determines price extremes - channel boundaries, as well as average quote values. As a result, the indicator can identify a fairly wide range of market indicators that are optimal for trading - short-term price reversals and global trend reversals. The main indicator signals for trading are a rebound from the channel border and the price crossing in a certain direction the central moving average of the analysis tool:

The indicator signals make it possible to place up to 90% of profitable contracts with short-term expiration on the market. This indicator is the most effective tool for scalping on the market. In addition to single options for using this set of forecasting tools, the trading terminal has the technical ability to combine indicators in one trading strategy. By using several analysis tools in one system and experimenting with indicator settings, you can obtain the most effective trading strategy for trading. For example, a simple set of standard indicators allows you to generate high-level probability forecasts and filter false trading entry points:

Using just 5 indicators available on the platform, you can build several hundred high-quality proprietary strategies.

Replenishment and withdrawal of funds

Without a well-developed payment system that works “like clockwork,” the company would not have been able to achieve such high popularity in the world. This is one of the key questions that worries users. Financial issues have been worked out 100% by Binomo. Even in African countries, the company has established cooperation with local payment systems; users are offered more than 5 different systems.

Users in the CIS countries have access to about 10 replenishment methods: bank cards, NETELLER, WMR, WMZ, QIWI and other electronic payment systems, cryptocurrencies, online banking, replenishment via SMS. Funds are credited immediately after payment. When replenishing, a bonus of 20–100% is awarded.

A little about the broker

Since 2014, the binary options broker Binomo has been a leader in providing trading services in Russia and the CIS. The reputation of an honest broker was not earned in vain. First of all, the broker was a certified company. This increased the trust of users from many countries. Broker Binomo is owned by, registered in Saint Vincent and the Grenadines. The company has been operating and accepting users in Russia since 2014.

In September 2022, the company's activities in the Russian Federation were suspended due to non-compliance with legal requirements and the impossibility of software certification. In the article we will tell you both about the company itself and about ways to bypass the blocking of Russian citizens.

Promotions and tournaments on Binomo

As part of promotions, the company often offers users favorable conditions that allow them to save money or receive additional privileges. Information about current promotions is located in the terminal in the left toolbar.

Trader tournaments are a unique opportunity to make money for those who really know how to trade profitably. Free competitions with a prize fund of $300–600 are held daily. 60 winners share the funds among themselves. An example of a typical tournament bracket is shown in the picture above. As you can see, TOP 1 receives $39, and TOP 10 receives $7.80. Funds go to a real deposit, from where they can be immediately withdrawn from the system. Tournaments are also constantly held with paid entry (from 5 to 25 dollars), but with a prize fund from 1,500 to 50,000 USD and above. This is the choice of professionals.

Platform characteristics table

Registration of a working account

With the Binomo broker service, all technical and financial aspects of an investor’s activities are as comfortable as possible. Thus, to register a trading account on the operator’s website, the most simplified type of registration form is offered, in which you must indicate the minimum amount of personal information:

A new client only needs to fill out the required fields and confirm agreement with the rules of cooperation with the broker. After which, within a few seconds the operator will open access to its trading and information services.

After gaining access to the site, traders can begin two types of activities - training and training on a broker's demo account or real trading on the binary market. In the first option, the trader is not required to deposit starting capital or other forms of payment for broker services. In the second case, trading and generating income will require starting investment capital. To carry out financial settlements, the Binomo company offers a specialized interactive section of the website “Cashier”, after going to which, the investor has the opportunity to familiarize himself with the list of payment services available for crediting capital and company bonuses:

Let us note an interesting point - if you use the same service for depositing and withdrawing funds, you can significantly speed up and simplify financial settlements with the broker. Let's continue, to transfer funds you will need to indicate the payment amount and go to a block of the broker's website protected by security protocols, where you will be offered a payment form:

Having agreed to the transaction, you can go to the trading platform and start highly profitable options trading - the funds will be credited to you instantly along with bonuses.