Learn in this review what Binomo is, how to trade on the platform in India, and is it real and safe or a scam. The article will tell all about trading features available there.
What is Binomo?
Binomo is not a scam but a safe and legit online trading platform. If you ask “How to make money there?”, then you need to understand that you can’t make money but you can get extra income.
Is Binomo a scam?
Myths about fake or fraud are incorrect. It is a real, safe, and legal company in India regulated by the International Financial Commission. It has been awarded a certificate of quality of trades by Verify My Trade. For further proof, traders can check reviews to the broker on the net through platforms like Quora.
Sign up and log in
Follow the steps below for signing up on Binomo. The website is available in Hindi, English, and other languages for your convenience.
1. Head to the Binomo login page.
2. Write your email and password.
3. Select the currency to trade. The account currency can’t be changed after registration.
4. Read and accept the terms of the Client Agreement.
5. Click on “Create account”.
To sign in to Binomo later, use the email and password created.
How to trade on Binomo?
How does it work? To trade on Binomo all you have to do is choose an asset, set a time when the trade is finished, and make a forecast if the chart will go UP or DOWN. If the forecast is correct, you get extra profit, if not - the sum isn’t returned.
Demo account
A Demo account is stocked with virtual $1000 and it’s a great way for learning how to use Binomo and training. As per regulation, the use of signals and bots is prohibited.
Note! You can earn extra funds referring traders to Binomo by registering as a partner in the BinPartner affiliate program.
Deposit
Popular methods for depositing in India include such payment options as NetBanking, UPI, PayTm, Indian Exchanger/Indian cash, and Globepay but some like PayPal are not among them.
Sometimes the company may request an ID to verify a trader's account. Previously verification took some time but now the automatic service is available on Binomo.
Note! The minimum deposit sum for investment in Binomo is $5.
Education
Beginners might ask “How to play on Binomo?” but trading is not a game. They can get useful tips on how to use Binomo - read on to learn what’s education provided by the platform.
Help center
Help Center is like Wikipedia where traders can get answers to FAQs like “How to withdraw money from Binomo?”. Contact the support service via email: support@bimono.com or find the office address on the web.
Strategies
Although Binomo provides various trading strategies, no strategy guarantees a 100% result on trade. There is no winning strategy - it’s not a game. Trading requires an in-depth analysis of the market to make accurate forecasts and earn extra funds.
Tournaments
Traders can participate in the contests which can be found on www.binomo.com. Join one of them to get empowerment for the future trades.
Bonuses
There are three types of bonuses:
> The first one is a welcome bonus of 25% on a free account;
> Non-deposit bonuses given during promotions or by a personal manager (VIP accounts);
> Deposit bonuses applying when depositing (depending on the account status).
Check in the terms and conditions section on Binomo how to use a bonus code or a coupon (f.e. 100% to deposit).
Withdrawals
The withdrawal limits on Binomo are next:
> Up to $3.000/day;
> Up to $40.000/month.
> Up to $10.000/week;
Note! The minimum withdrawal amount is $10.
As per security policy, withdrawal of money on Binomo is only possible through the same payment methods used to deposit. It can take a few minutes to three days depending on the account type.
There is no withdrawal fee vs IQ option where traders have to pay $31 for each bank transfer.
Download the Binomo app
Search for the Binomo logo to find the mobile trading app on Google Play or App Store. It’s available for free download for Android and iOS users. No app or software exists for PCs on Windows/Mac. Instead, users log in on the desktop version of the website.
Note! Traders facing issues in installing the app on Android are advised not to hack - as a solution they can use the Binomo Apk to invest and trade: https://binomo.com/en/promo/android.
Conclusion
We can consider Binomo as a worthwhile platform offering various features like tournaments, Demo accounts, and tutorials. There is responsive customer service and a user-friendly interface. However, there is always a risk of losing funds in trading.
Disclaimer: No Asian Age journalist was involved in creating this content. The group also takes no responsibility for this content.
