In this review, we’ll discuss what’s the Binomo trading platform all about from the Binomists’ view. Those are traders who understand the importance of practice, analysis, and risk management. Read on to figure out why they choose Binomo for investing and trading.
What is Binomo?
Let’s figure out what Binomo is and how does it work. It is a company that provides reputable asset trading services in numerous countries throughout the globe, including India. The platform is well-known for thorough customer service, strategies, Demo account and contests, and outstanding mobile trading experience.
Their users – Binomists – are conscious traders who seek to progress and understand that the path to their goals may have risks. They deepen their knowledge and increase their skills to become professional traders.
Binomo Regulation
Beginner traders may wonder if Binomo is safe, real, and legal in India or not. They must be assured that the platform is not fake or a scam as it is regulated by the International Financial Commission and awarded a certificate of trade quality by Verify My Trade.
For further assurance, search for reviews on credible forums like Quora or specialized media for traders and brokers to get proof that Binomo is not a fraud.
Their contact information and office address can be found at https://www.binomo.com. So, you shouldn’t have doubts regarding the platform’s legitimacy.
Binomists’ Opinions
Here you can see the Binomist’s reviews:
Imba Trader: “I would say that Binomo is a pretty decent platform that is worth attention.”
Prince Chandra Tech: “The Binomo website is good, but you may lose funds in the start as it requires some practice, experience, and research.”
FAISAL ZIA-IB: “As per me, Binomo is by far one of the best platforms to use. I have tried and tested a lot of them. It has a pretty good interface and responsive 24/7 customer service! Loved using this one!”
How Binomo Works?
There are tutorials on the platform so that you can get free tips and training. They are available in English, Hindi, and other languages.
Some individuals may ask how to play Binomo but remember that this is not a game – experience and education are needed.
Sign Up And Log In
For a convenient sign-up on Binomo, follow the steps below:
- Head to the Binomo login page on the web/in the app.
- Type in email and password or sign in via Facebook/Google.
- Choose a currency to trade. Account currency cannot be changed after registration.
- Read and accept the terms of the Client Agreement and Privacy Policy to not violate the platform’s rules.
- Click “Create account” and log in.
Binomo may request documents establishing the account holder’s identity. Previously, verification took time, but now an automatic service takes a few minutes (vs. IQ Option, where it requires more time).
Note! To earn extra profit by referring traders to Binomo, sign up for the BinPartner affiliate program.
Practice on a Demo Account
On the Demo account, you may practice and learn how to use Binomo. All users can participate in a “Daily Free” tournament.
You’ll come across various trading strategies, but remember that they can’t guarantee you profit. There are no “winning” strategies: the result of a trade depends on your level of expertise and knowledge. Also, don’t use signals and bots because they might not be reliable.
Visit the Help Center, similar to Wikipedia for Binomo traders, for finding solutions to FAQs.
First Deposit
The investment options on Binomo differ by country. NetBanking, UPI, Paytm, Indianexchanger, and Globepay are India’s most popular deposit methods, although PayPal is not one of them. The minimum deposit is $5 that opens the Standard account status.
According to Binomo terms and conditions, traders can receive a welcome bonus on the first deposit of 25% on a free account. There are also no-deposit bonuses that can be given in a code or coupon (f.e. 100% to a deposit). Keep on reading to find out how to open and close a trade.
Trading on Binomo
Binomo uses fixed time trades (FTT). Follow the steps below to trade on the Binomo mobile app and website:
- Login to Binomo.
- Select an asset.
- Deposit the necessary amount.
- Define the expiration time.
- Make a forecast by pressing the UP or DOWN button.
As a result, you’ll get extra profit in case of the correct forecast or lose the sum invested if you forecasted wrong.
Withdraw Funds
How to withdraw money from Binomo? As per policy, cash withdrawal can take place only through one of the payment methods used to deposit. The minimum withdrawal amount is $10, and depending on the account and the payment method, it can take from a few minutes up to three days or longer.
Binomo also has withdrawal limits. The platform takes no commission on the withdrawals. For example, IQ Option vs. Binomo charges a commission of $31 for wire transfer.
Use Binomo Through The App
Binomo allows you to trade from a PC and mobile app, giving you more empowerment because you can access the platform anywhere. On Google Play and the App Store, you need to find the yellow Binomo logo and download a trading app for Android or iOS.
No software is available for PC or Windows, or Mac OS. However, you can use your browser to log in on the desktop. Android users who cannot install Binomo from Google Play should not hack. They can download the free APK file to invest and trade on the go: https://binomo.com/en/promo/android.
Result
Binomo is a trustworthy platform. Any tutorials won’t really explain how to make money because trading requires experience, and it’s not a way to get a fast profit. Results come with practice, and true Binomists understand that. Don’t forget that trading is risky, and you may lose all your investments.
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