Trading has become more convenient over time with the emergence of several online trading platforms, one of which is Binomo. In this article, we’ll be discussing what it is all about, benefits for traders, the process of depositing and withdrawing, and much more.
What is known about binomo.com generally?
Binomo is an online trading platform, one of the most popular ones. It was founded in 2014 and you can check the address of the head office on the website. On the platform beginners and experienced traders can get practice, education, and trade on shifts in the rates of currencies and other assets.
Is Binomo safe or a scam?
Some people may have doubts regarding platforms like Binomo whether it is real or fake and wish to know about the regulations. However, we would like you to know that it is not a scam – it is a completely safe trading platform and not a fraud. A lot of favorable reviews about the Binomo website and app prove this – you can check various forums on the net.
Binomo is regulated by the International Financial Commission and has been graded as a category A member since 2018 with a deposit of over 20,000 euro to guarantee its traders’ safety.
The platform also received a certificate for trades from Verify my Trade, which focuses on quality trade executions. Additionally, Binomo has the FE and IAIR Awards for excellence in global finance and markets.
Sign Up and Log In
Signing up on the Binomo platform is a very fast and convenient process wherever you are. All you need to access this platform at any time is an internet-accessible device and a good internet connection. How does it really work and what is the whole process like? Let’s see:
- First, visit the website www.binomo.com.
- Then click on the “Try it” button right under the description in the middle of the page or the “Sign in” button at your screen’s top right-hand corner. Both variants lead you to the sign-up or log-in journey.
- You will be required to input your email address, password, and currency of choice. Note that the currency can’t be changed later.
- Read and accept the terms and conditions of the Client Agreement and Privacy Policy, and then click on the “Сreate account” button.
- Then, a confirmation message is sent to the email address used to sign up on the trading platform.
- After this, you can log in to the platform from the website anytime.
Note! You’d have to close your Binomo account and open another if you wish to change an account currency. Check on the more detailed information in the Help Center section.
Use a Demo account
The Binomo Demo account is free for users, it allows you to learn and understand the tools and the market better. It is perfect for practice and education which you can get through the tutorials and tips provided on the platform.
You might be wondering how to make money on Binomo but it is not a correct query because on the platform you can get extra income. When you sign up and log in, you’re given virtual $1,000 for practice on Demo until you feel comfortable to trade with real funds. Then you can open a Standard, Gold, or VIP account.
Tutorials on Binomo
Binomo provides various ways of learning like trading strategies, tournaments, and tutorials on how to use the platform. There is also the BinPartner affiliate program which allows you to earn when a trader uses your referral link.
Try applying various strategies but remember that there are no “winning strategies” and none of them guarantees 100% result of a trade. Participate in tournaments – they are available for different account statuses and even for Demo users – they can participate in the “Daily Free” tournament which is perfect for training on Binomo.
All the FAQs are described in the Help Center – like on Wikipedia, you can find advice and tips on how to trade and use the functions of the Binomo platform. Besides that, there are some updates regarding the platform on the company’s LinkedIn profile. You can also contact managers via live chat or email if you have a personal query.
Deposit
When your skills and experience allow you to feel comfortable about trading with real funds, you can invest the minimum amount which is only $10. For depositing you need to access your dashboard, click on “Cashier” and then on “Deposit funds”. There will be different deposit options. Then you will be redirected to the payment terminal, where you complete all payment-related issues.
Note! Binomo is not a tax agent which means that you need to pay taxes on your own.
Some popular payment methods available for Binomo users in Pakistan are JazzCash, EasyPaisa, CashMaal, Perfect Money although some like Paypal are not used there. In some cases, during your trading experience, you might be asked to go through the account verification process and provide proof of account ownership. Previously, the verification took several days, but now the automatic service is available on Binomo, and it takes a few minutes (vs IQ Option).
Bonuses
First, traders can get a 25% Welcome bonus after they create a free Demo account – they need to apply it during the first 30 minutes after registration. Also, users can get a bonus coupon depending on the amount of the deposit and the account status.
There are as well no-deposit bonuses that can be given while promotions on the website, on social networks, by emails, or from a personal manager – traders only need to save the code and apply it while it’s valid. In some cases, a bonus can appear in the Gifts section on your Binomo account automatically (f.e. if you get it from a personal manager). Check the terms and conditions section to learn more.
Trade on Binomo
How to play Binomo – this is a question which some beginners may have in mind when they are not into trading. Although every user needs to understand that it’s not a game. Trading on Binomo is no uphill task as long as you understand the market and have experience but even professional traders always need to practice and learn.
Binomo uses fixed-time trades. This enables you to earn up to 90% profit in the case of a correct forecast. You can log in to Binomo on your mobile phone or on desktop, and trade on the platform that is available in various languages of your choice, not just English. Here is how it works:
- Select an asset.
- Set the amount for trade.
- Select expiration time.
- Forecast the chart (it goes up or down) – if your forecast is correct, you get extra profit and if not – the funds aren’t returned.
When trading on Binomo don’t use signals or bots as they are cheating. You should trade on your own. Let’s figure out how to withdraw money from Binomo.
Withdrawal and Limits
Withdrawal of funds can take from a few minutes up to 3 days or more. This is dependent on the nature of the account and the chosen payment system. The minimum withdrawal is $10. Binomo broker has a withdrawal limit of up to $3,000 per day, up to $10,000 per week, and up to $40,000 per month, and there is no commission when withdrawing funds from the platform. For example, IQ Option vs Binomo charges a commission of $31 for wire transfer. For security reasons, you can only make withdrawals via the systems you used to make deposits.
Where to download the Binomo app?
In Pakistan, you can download the Binomo app from Google Play or from AppStore. This can empower you as you have access to the platform anywhere and anytime even on the road or on vacation.
For iOS and Android
To download a free Binomo trading app on your device, visit the Google Play or App Store, find a yellow logo, and download the app. For Android users having trouble downloading the app from Google Play, there is an APK version at https://binomo.com/en/promo/android. No need to attempt hacking it.
For PC
There is no Binomo app or software available for PCs (both on Windows, Mac OS) but you can access the web version through the browser by entering your login on the web page.
Try trading on Binomo
What’s the conclusion of the article? We reviewed how the Binomo trading platform works and what its features are. Now you know that this is a safe platform allowing you to use experience, skills, strategies, and analysis to have successful trades and get extra income in case of the correct forecast. Although remember that trading is connected with risks of losing funds – trade wisely.
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