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Binomo Review 2018

The Binomo company is one of those trading platforms that is really able to interest its clients. They are an ambitious broker that went online in 2014, and today is among the flagships of its niche, providing services under FMRRC financial regulator licensing. The company provides favorable and reliable terms of cooperation, as well as high-tech trading software, which makes Binomo one of the most popular and recognizable brands in financial trading, both in Russia and the CIS, and abroad.

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Trading conditions

The Binomo broker provides a complete set of services for options trading. At the same time, bitcoin trading is also available on their platform as they offer access to assets of the cryptocurrency market. This means that fans of crypto-trading will also be able to implement their trading ideas and make money on fluctuations of virtual currency. For those who want forex trading, the company provides a set of currency market assets in the form of “major” currency pairs and the most highly liquid cross-rates. Stock and commodity market assets are also available to traders.

Types of accounts 

The status of the account is determined by the amount first credited to the account and then may vary depending on the current balance. Moreover, an additional set of services is provided to Gold and VIP accounts.

 

 

-Demo

This is the best account to Try out the trading tools of this platform and learn all the necessary about trading without risking any of our money in the process. It is also a great account for testing new strategies and personalizing our trading method. In this account we will have a 1000 virtual dollars to spend.

-Standard

This account is the most recommended for newcomers that are starting a new adventure in the trading world. The minimum deposit amount to open this account is only 1 dollar and it will provide a great number of trading tools and charts to help us in our daily trading. With the standard account the maximum yield is of 85% and we will be able to take part in the different trading tournaments.

-Gold

The gold account is meant for more advanced traders that already know what they are doing and expect more return from the account. As a difference from the standard account here the minimum deposit is of 500 dollars.

This account offers advanced trading tools including more assets to trade with and the support of a personal coach that will help us with our trades. This account also gives us always 5% back from every failed or lost transaction (we have to say that this is a feature that is not found in many other brokers in the trading market) The yield will be a bit higher than with the standard account in this case of 86%

-VIP

The VIP account is created for the big investors that want to obtain the best results and have the best that the platform has to offer. The minimum initial deposit is 1000 dollars. It brings everything that the gold account and it includes the most professional tools the platform has to offer and a yield of 90% in most of the assets. This account also covers 10% of our loses when failing a trade.

Trading platform

 

Binomo’s trading software offers a platform of its own design equipped with the most advanced trading technologies:

It is worth separately mentioning the company’s demo account, which makes it possible to conduct training on the real platform. For this, Binomo provides a training account with an inexhaustible amount of virtual funds and an unlimited period of use.

 

Additional services

In terms of additional services, Binomo does not cut corners. They provide their clients with a quality training program consisting of step-by-step instructions, an interactive textbook, a set of ready-made strategies, video lessons and an exchange dictionary. The platform also offers tournaments with generous prize funds, in which even traders with zero account balances can take part.

 

Why bitcoin trading?

Traders are always concerned about Bitcoins volatility. It is important to know what
makes the value of this particular digital currency highly unstable. Just like many
other things, the value of Bitcoin also depends upon the rules of demand and supply.
If the demand for Bitcoin increases, then the price will also increase. On the contrary
side, the decrease in demand for the Bitcoin will lead to decreased demand. In
simple words, we can say that the price is determined by what amount the trading

market is agreed to pay. If a large number of people wish to purchase 'Bitcoin's, then
the price will rise. If more folks want to sell Bitcoin, then the price will come down.

It is worth knowing that the value of Bitcoin can be volatile if compared to more
established commodities and currencies. This fact can be credited to its
comparatively small market size, which means that a lesser amount of money can
shift the price of Bitcoin more prominently. This inconsistency will reduce naturally
over the passage of time as the currency develops and the market size grows.

After being teased in late 2016, Bitcoin touched a new record high level in the first
week of the current year. There could be several factors causing the Bitcoin to be
volatile. Some of these are discussed here.

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The Bad Press Factor

Bitcoin users are mostly scared by different news events including the statements by
government officials and geopolitical events that Bitcoin can be possibly regulated.
It means the rate of Bitcoin adoption is troubled by negative or bad press reports.
Different bad news stories created fear in investors and prohibited them from
investing in this digital currency. An example of bad headline news is the eminent
utilization of Bitcoin in processing drug transactions through Silk Road which came
to an end with the FBI stoppage of the market in October 2013. This sort of stories
produced panic among people and caused the Bitcoin value to decrease greatly. On
the other side, veterans in the trading industry saw such negative incidents as an
evidence that the Bitcoin industry is maturing. So the Bitcoin started to gain its
increased value soon after the effect of bad press vanished.

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Fluctuations of the Perceived Value

Another great reason for Bitcoin value to become volatile is the fluctuation of the perceived value. You may know that this digital currency has properties
akin to gold. This is ruled by a design decision by the makers of the core technology
to restrict its production to a static amount, 21 million BTC. Due to this factor,
investors may allocate less or more assets in into.

News about Security Breaches

Various news agencies and digital media play an important role in building a negative
or positive public concept. If you see something being advertised Advantageously,
you are likely to go for that without paying much attention to negative sides. There
has been news about security breaches and it really made the investors think
twice before investing their hard earned money in BTC trading. They become too
susceptible about choosing any specific crypto currency investment platform. Crypto currency may
become volatile when the community uncovers security susceptibilities in an
effort to create a great open source response in form of security fixes. Such security
concerns give birth to several open-source software such as Linux. Therefore, it is
advisable that the crypto currency developers should expose security vulnerabilities to the
general public in order to make strong solutions.

The latest OpenSSL weaknesses attacked by Heartbleed bug and reported by Neel
Mehta (a member of Googles security team) on April 1, 2014, appear to had some
descending effect on the value of Bitcoin;. According to some reports, the Bitcoin
value decreased up to 10% in the ensuing month as compared to the U.S. Dollar.

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Small option value for holders of large
Bitcoin Proportions With Binomo

The volatility of crypto currency also depends upon crypto holders having large
proportions of the digital currency. It is not clear for crypto currency investors (with current
holdings over $10M) that how they would settle a position that expands into a fiat
position without moving the market severely. for example Bitcoin has not touched the bulk
market adoption rates that would be important to give option value to large Crypto holders.

 

Effects of Mt Gox

The recent high-profile damages at Mt Gox are another great reason for the Bitcoin
volatility. All these losses and the resultant news about heavy losses had a dual effect
on instability. You may not know that this reduced the general float of Bitcoin by
almost 5%. This also created a potential lift on the residual Bitcoin value due to the
reason of increased scarcity. Nevertheless, superseding this lift was the negative
outcome of the news series that followed. Particularly, many other Bitcoin gateways
saw the large failure at Mt Gox as an optimistic thing for the long-term prospects of
the BTC.

 

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