Binomo Invest Trade: a free trading service
Binomo Invest Trade is a free app that connects you to the Binomo trading service. Through the app, you can trade in around 70 different types of assets, including things like cryptocurrency. The service boasts around a hundred thousand active users, partly due to its low trade requirements.
Binomo’s app gives the user an intuitive trading experience, especially when compared to accessing trading platforms through browsers like Chrome. As with all trading platforms, you are responsible for your own money. It might be worth considering something like KMyMoney to ensure you know how much you can afford to trade.
Intuitive design and plenty of options
While the app will always feel a bit daunting for people who are new to trading, the user interface is very intuitive and should be easy for anyone to get to grips with once they understand the basics of trading itself. The platform uses SSL protocol to ensure that your data is encrypted, and your transactions are adequately protected.
There are various tools available to the user for analysing trading charts and transaction histories, helping users to spot trends that may direct future trade. There is also an economic calendar to keep track of important events that may have an effect on trading practices. You can also trade at any time, as the Binomo market does not close.
A great app for new traders
Binomo Invest Trade is regulated by the International Financial Commission, which ensures certain standards are met in all of their activities. It also means a certain degree of protection for users of the app, should Binomo’s funds become compromised. This should offer some comfort to risk-averse traders.
The addition of things like the economic calendar, as well as over 20 graphical tools that can be used for analysing and trend-spotting, makes this app an ideal trading platform for users who are new to trading and looking to get started.