Binomo Philippines - Binary Options Broker Review

Binomo is well known for providing Binary Options trading in a safe and transparent environment.
  • Binomo complies with International Financial Commission as a Category A broker.
  • It has earned its reputation as a reliable broker with its high standard services and trading features.
  • The traders from the Philippines can open a VIP account by depositing $1,000 or above.
  • It is a wise choice to select Binomo Philippines as your broker for trading Binary Options.
Free Demo Account with $1,000

Binomo review – Philippines

Binomo is a leading binary options broker regulated by FMRRC and accepts investors from the Philippines. Binomo presents its exclusive, modern, advanced and most user-friendly trading platform to the world. Binomo binary trading platform is equally suitable for professional traders and beginners. The platform allows you to trade both classic binary options and the most popular turbo options (60 seconds- 5 minutes) with payout up to 90%.

Binomo Philippines offers USD 1000 balance in a Demo Account to traders from the Philippines to start learning and practicing without risk of losing money. This is a excellent opportunity to try Binary options in Philippines.

Binomo Philippines

Open a Free Demo Account
Practice without RISK

 

Pros :

  • Advanced and easy to use trading platform
  • Fast withdrawal processing compared to other brokers
  • Complies with International Financial Commissions
  • Free unlimited demo account
  • A minimum deposit of just 10$.
  • Excellent support in EN, RU, TH, VN languages.

Binomo is a legitimate Binary Options broker having clients from around the world. It complies with the guidelines of the International Financial Commission and registered as a Category A brokers. This assures you that you get your transactions in a safe and transparent environment. Binomo offers several safe and easy funding features. You can use your Credit cards, Debit cards, and other eWallet services for funding your account.  It has got the best in the industry customer service and same-day fund withdrawal for clients.

Type of Trading Accounts – Binomo

Binomo offers 3 types of Accounts. They are –

Demo Account – Binomo Demo Account comes for Free with a virtual balance of $1,000. The professional traders and newie traders both require this type of account for learning and practicing purpose. The experienced traders try different trading strategies in a demo account before they apply them in a live account. The new traders must practice in a demo trading account till they feel confident to trade with real money. Although the virtual balance can be topped up for free any number of times, you should always trade seriously in a demo account. It will give you a real feel and mindset for trading in a live account.  

Standard Account – The standard account involves trading with real money. You can open a standard account by depositing $5 into your account. The minimum trade size is $1 and maximum trade size is $1,000 in a standard account. You can avail a bonus while making a deposit, please see the Bonus terms and conditions before availing the Bonus. 

Gold Account – Holding the Gold status account has more privileges than the standard account. The Gold Account comes with a deposit of $500, it gives the traders a higher profit rate. Gold Account holders of Binomo get 5% cash back every week and withdrawal processing under 24 hours.

VIP Account –  The VIP Account features are available to the traders who deposit $1,000 or more funds into their account. VIP account holders get additional profit and premium features like 1-hour fund withdrawal, dedicated account manager and personal trainer, etc. 

The traders can participate in Free tournaments and win prize money if they secure top positions. All you need is to sign up with Binomo for a Demo Account. 

Binomo Funding and Withdrawal Methods

Binomo in the Philippines offers its clients an opportunity to deposit funds using various payment methods. In addition to it, there is no commission or hidden fees included in the transaction. The accounts updated instantly after a successful deposit. The traders can deposit starting from 10$, and no maximum limit, using the listed payment methods.

  • Bank cards: Visa, Master Card, Maestro, JCB
  • Electronic payment: Webmoney, Skrill, Neteller, Qiwi, Advcash
  • Cryptocurrencies: Perfect Money, Bitcoin, Litecoin.

Binomo Philippines allows the traders to withdraw funds via the payment method used to credit their account. The client can find the withdrawal request form into the Cashier page.
For example, if a trader funded the account with 100$ using his bank card and made profits of 90$. The trader can only withdraw 100$ USD to his bank card. The profit can be withdrawn using any of the electronic payment methods.

To clarify, if the trader made the funding with the Electronic Payment of 100$ and made profits 90$, he can withdraw all funds without any problems. Please note that the traders who use bank cards have to verify their bank card before placing a withdrawal request.

Is Binomo Binary Options legal in Philippines?

Yes, it is legal to trade Binary Options with Binomo in Philippines. Binomo complies with the regulations of FMRRC and IFC. It is a legitimate Options trading provider with clients all over the world. It clearly mentions the countries from where it doesn’t accept traders. The Philippines is not in the list of prohibited countries for trading Binary Options. Hence, it is legal to trade with Binomo. However, you should fulfill the tax obligations from the income from trading Binary Options to stay compliant with the regulations. 

Binary Options trading is legal and it is legal in Philippines too.

Account Verification Process – Binomo

Binomo requires to verify all the clients before making any payments to them. It is an international regulatory requirement to avoid illegal financial transactions. You can verify your account by uploading an Identity document and an Address proof document. The acceptable documents for verification are like shown above and can be anyone listed below.

  • National ID
  • Passport
  • Driver license

Binomo has a responsive platform that gives the ability to trade comfortably with the best technical and graphical tools, which the client can’t find with other brokers. The trading platform works with ease on Mobile, Tablets and PCs. It is compatible with Android, iOS, Mac and Windows.

Indicators

  • Trend Indicators: Ichimoku Kinko Hyo, Parabolic SAR, MACD, MA.
  • Momentum Indicators: RSI, Stochastic Oscillator, ADX.
  • Volatility: Bollinger Bands.
  • Volume: Awesome oscillator, Klinger Volume Oscillator.

 Graphical Tools

  •  Trend Tools: Trendlines, Line
  • Support and Resistance: Horizontal Lines, Fibonacci Levels

Chart types 

  • Line Chart
  • Candlesticks
  • Bars
  • Heikin Ashi

Conclusion

Binomo Philippines has acquired the top position among the Binary Options Brokers after it started its operation in 2014. The traders from Philippines can avail a bonus of up to 100%. 

  • You get access to the free strategies step-by-step guide and more knowledge and skills while trading on this platform.
  • You can try Binaomo features in a Free Demo Account with $1,000 virtual money.
  • You can participate in trading tournaments and earn a prize if you top the list. You trade with Demo Money in a tournament. So, no need to worry about losing money while participating in tournaments.

 

FREE INDICATORS FOR TRADING BINARY OPTIONS