Binomo Review - Binary Options in New Zealand

Binomo is a European futures and options market operator, which established its online presence in 2014 and accepts binary options traders from New Zealand. The company’s main office is located in Cyprus, and all services are provided under the license of the FMRRC (Financial Market Relations Regulation Center). Thanks to the advanced trading technologies, professional choice of services and client-oriented policy, Binomo broker quickly joined the ranks of the flagships of the binary options market and set a course for development and innovation in the field of professional options trading. It has gained the trust of traders in the field of Binary options trading in New Zealand.

Regulation and financial security with Binomo, New Zealand

The activities of Binomo are regulated by the national non-governmental supervisory authority — the Financial Market Relations Regulation Center. The company confirms its FMRRC license of which the company confirms annually. In addition, the funds of the broker’s clients are insured by the regulator’s compensation fund in case of bankruptcy of the company, therefore the traders using the company’s website don’t need to worry about the safety of their investments. The website of the company, as well as its trading platform, also have a high level of protection — all financial transactions are carried out in the areas protected by modern SSL security protocols, the funds of the brokerage clients are not subject to hacker attacks.

Trading platform

The Binomo broker provides its own high-tech terminal for conducting trading operations, which was created by highly qualified specialists who considered all the useful options for professional trades in their design.

In fact, Binomo’s terminal was the first trading software developed by the company itself, and contrary to the threadbare SpotOption, it surprised traders with technical tools and multi-functionality. The platform features:

  • Technical services of market analysis: indicators and graphics tools
  • Universal expiration time range that starts from 1 minute and expands in steps up to 24 hours
  • High-speed transaction execution technology (1.7ms)
  • Large-format trading chart with functions of scaling, switching between types of quotations display, change of timeframes, illumination of the chart, price history
  • Non-stop trading mode that allows one to enter into transactions without waiting for the open option to be completed

Binomo’s trading terms

The broker has created a very democratic trading environment, giving customers access to the market with minimal investment. Participation in financial trading is available even to the segment of the Internet audience who can only afford the lowest investment. Along with the affordable trading conditions, the broker provides a generous yield of options, as well as the possibility of weekly compensations for a certain amount of losses:

  • The minimum deposit is 10 dollars
  • The minimum option price is 1 dollar
  • Profitability of contracts is up to 90%
  • Reimbursement of losses is up to 10% per week

Trading assets

The broker’s platform features more than 50 basic assets, including various “representatives” of the forex, stock and commodity markets. The trading tools of the website include:

  • the most popular currency pairs
  • shares of well-known companies
  • indices
  • commodity assets

platform Binomo

Types of options

The company has two main types of options — the classic and short-term options (turbo options), that is, there are no exotic super-profitable types of contracts. The logic is simple — a trader can earn much more with the classical contract types and standard risk levels.

Registration with Binomo

Binomo offers absolutely FREE demo trading account for binary options trading in New Zealand without risking your money while learning. The registration process at the broker’s website is most convenient — simply click “Register” on the main page, specify your email and password in the fields provided, select the deposit currency and accept the terms of the client agreement.  The broker registers a new customer within seconds and immediately provides access to the new personal account:

It is worth noting that a registered customer automatically gets access to the demo account — a novice player can get acquainted with the work of the trading platform even before replenishing the balance of his trading account.

Binomo trading accounts

The company’s customers are given a choice of four trading accounts that provide access to various technical and related services, depending on the amount of initial investment:

Demo account — the type of account that is created for conducting training operations at the broker’s website. The company provides a virtual amount of funds of 1000 USD or 50 000 rubles, access to the main trading terminal and technical tools. The training account can be used for an unlimited amount of time, and the amount of virtual funds can be renewed an infinite number of times.

Standard account has a deposit threshold of $10. In the standard account, the following options are provided:

  • an entire toolkit of the platform
  • basic assets with payments up to 85% of the profit
  • related website services
  • withdrawal of funds within 3 days
  • general technical support

The GOLD account is created for an investor who replenishes the deposit from $ 500. Golden type provides access to the following services:

  • Larger choice of assets
  • Yield on transactions up to 86%
  • Bonus insurance
  • Weekly cashback up to 5%
  • Monetization of profits within a day
  • Personal manager

The VIP account is opened to clients who have replenished the balance with $1000 or more. The account provides the following set of options:

  • Fullest arsenal of assets
  • Fixed liquidity of 87%
  • Weekly cashback of 10%
  • Individual trading conditions
  • Withdrawal within 4 hours
  • Personal analyst

Binomo Bonus Program

  • Standard offers

The clients receive excellent bonus offers that stimulate trading activity among the players. The amount of bonuses is calculated commensurate with the volume of the deposit, thus the trader increases the initial capital even before starting the trading. Once that trader increases the amount of operating funds he can conclude larger trading operations and gain weightier profits.

  • Tournaments

The broker holds regular competitions and tournaments with generous prize funds — very decent rewards to most successful traders among the players of the platform. Even the demo account holders can participate in tournaments — in a special weekly tournament winners receive real money that can be used to start real trading:

  • Promotions

Also, the broker regularly hosts various amusing events, which allow using additional goodies such as increased insurance of funds, an increased amount of bonuses, free options and other beneficial offers.

Training in the company

The most favorable conditions for starting trading have been created for novice traders — Binomo broker provides a high quality training program that allows growing from a “green” beginner into a professional trader. Systematic step-by-step training is based on the following:

  • Knowledge bases — professional forex terminology
  • Interactive textbook — online manual explaining the essence of binary options trading
  • Set of trading strategies
  • Webinars — online lectures with two-way communication
  • Step by step instructions
  • Video tutorials — dynamic examples of trade and application of trade strategies

Banking and payment services

The broker provides a convenient service of depositing/withdrawing money through the most popular payment systems:

  • Bank cards:
    Visa/MasterCard
  • Electronic purses:
    WebMoney, Neteller, Qiwi, Yandex.Money

The money is credited instantly, and the withdrawal period is determined by the type of the account — from 4 hours to 3 days. The withdrawal of funds should be made using the same payment system and account details that were used for depositing. The trader who decides to change his account details undergoes additional verification.

The company does not impose any fees when crediting or withdrawing funds. The only commission that a trader can encounter is the commission of the trading system he uses.

Customer support is provided in 24/5 mode by qualified specialists.

Advantages and disadvantages of the company

Advantages:

  • License from a financial regulator and high level of security
  • High-tech platform
  • Increased profitability of transactions
  • Democratic financial requirements
  • HIgh-quality services

Disadvantages:

  • Lack of “exotic” options

Conclusions about Binomo

Binomo company can be considered an “advanced” operator, which, along with high quality of services, provides trading terms available to any newcomer. Strict regulation, company’s own technically perfect platform, a variety of products of the bonus program and the education system make the Binomo broker the best option for both the novice trader and experienced professionals for trading binary options in New Zealand.

  • Official site — https://binomo.com/en
  • Launch date — 2014
  • Regulated by FMRRC
  • Platform — company’s own professional design
  • Available languages — Russian, English, Portuguese, Chinese, Vietnamese, Spanish, Indonesian, Malay, Thai
  • The minimum deposit is 10USD.
  • Bonus — up to 75%
  • The minimum contract is 1USD
  • Profitability of contracts — up to 90%
  • Types of options — classic, turbo
  • Account currency — USD, EUR, RUB
  • Deposit/Withdrawal — Visa/MasterCard, WebMoney, Neteller, Qiwi, Yandex.Money
  • Demo account — yes
  • Trading tools — indicators, graphics services
  • Assets — over 50 items
  • Return on investment — yes
  • Social trading — no
  • Trading signals — no
  • Personal account manager — yes
  • Live support chat — yes
  • Analytics — no
  • Training — high-quality teaching program
  • Mobile trading — yes
  • Withdrawal of funds — within 4 hours to 3 days

Review announcement

Binomo is a professionally licensed broker who has committed itself to innovation and development, constantly upgrading its product, since its very appearance in the financial environment. Today, the broker provides a quality set of services for the efficient trading of binary options. Trade safety, high-tech trading software, affordable trading conditions, high yield options, quality training for novice investors, diverse bonus program, the convenience of trading — traders can enjoy all this, and even more, on the web platform of the broker Binomo. Hence Binomo is one of the most recommended binary options broker for New Zealand traders.