Learn in this review how to use the Binomo trading platform. The article will also provide a tutorial on how to log into the platform, get a bonus, and start trading. Also, you’ll get an idea of the ways of practicing on a demo account, using tutorials, and much more.
What is Binomo and how does it work?
Binomo is an online trading platform accessible on the website and in the mobile app. It has gained popularity for its user-friendly interface and attractive features such as tutorials for education and contests for practice. The platform is dedicated to catering to all kinds of traders, from beginners to experts. You can start trading and earning extra funds through shifts in currencies and other assets with just one click. Conveniently use it on the go in the mobile app or from your laptop. Let’s figure out whether it is a safe trading platform or not.
Binomo is not a scam
Some traders wonder whether the platform is legitimate and not a scam; you must know that Binomo is a category ‘A’ member of the International Financial Commission. The IFC is an organization that works on regulating financial markets. In addition, the platform has also received a certificate of quality of trades by Verify My Trade along with the FE Award in 2015 and the IAIR Award in 2016 for excellence in global finance and markets. To clarify any doubts about the platform being real or fake, you can check trade reviews on trusted forums like Quora. Their contacts and the office address are also presented on www.binomo.com.
Registration, and login
Binomo sign-up is hassle-free, and the app/ website is convenient to navigate, so users can trade comfortably by following the few simple steps mentioned below.
- Choose the language of the Binomo website – English or any other familiar language.
- Sign in on your mobile/tablet or find binomo.com on the net and open the login page.
- Type in your email and password.
- Select the currency. The account currency cannot be changed after registration.
- Read and accept the Client Agreement.
For new users concerned about losing funds due to lack of experience, the platform has developed a feature for a free practice called the demo account, where traders can practice and find out how Binomo works. All you have to do is log in to the demo account and start practicing with $1000 of virtual funds. Also, keep in mind that a free tournament, “Daily Free”, can only be activated if users on the app deposit the minimum amount.
For further queries, traders can visit the Help Center on Binomo, like Wikipedia for traders and have answers to FAQs. Moreover, multiple strategies are available on the platform. However, it is essential to understand that no strategy guarantees a 100% result of a trade. Keep on reading to find out how to invest money in Binomo.
Note! The use of signals and bots on Binomo is considered cheating, and it is better to trade on your own.
Deposit options on the platform can vary depending on each country. However, the popular payment methods on the Binomo app/website in Pakistan are JazzCash, EasyPaisa, CashMaal, and Perfect Money.
Binomo offers various types of Bonuses to its users, and they are mentioned below:
- The welcome bonus is a 25% incentive that is available to users after registration. As per Binomo regulation, demo (Free) account holders cannot use a welcome bonus until they have made a minimum deposit.
- The deposit bonus is available when you invest any amount into your account.
- The No-deposit bonus is another means of rewarding Binomo users.
Additionally, you can get a bonus coupon or code as part of the Binomo promotion or from your manager as a gift. A coupon bonus (code) can also be added to deposit bonuses.
Binomo app overview
Apart from the website version, the Binomo app is available for Android and iOS users. The app is free, and it can be downloaded from Google Play and App Store. The availability of the app version makes trading convenient as it allows you to access Binomo anywhere, anytime.
Download for iOS and Android
You can download the Binomo app to invest and trade on the go by finding it on your app market; however, if Android users encounter any issues downloading the Binomo app from Google Play. There is always a variant to download the APK version: https://binomo.com/en/promo/android.
Download for PC
Considering that there is no Binomo trading app or software to download for PCs on Windows or Mac, you can use the mobile app or head to the website if you wish to trade on a PC.
How to trade on Binomo?
Binomo uses fixed time trades (FTT). Users should follow the step-by-step tutorial mentioned below:
- Choose an asset to trade.
- Finalize the trade amount and time that you wish the trade to run for.
- Make a forecast: the chart will go UP or DOWN. If your forecast is correct, you get profit. If not – the trade amount won’t be returned.
Traders asking how to make money on Binomo should know that, on the platform, they can get additional income through skills and expertise.
For security reasons, you can withdraw funds from Binomo using one of the payment methods to make a deposit. The withdrawal of funds takes from a few minutes to 3 days or more, depending on the type of account and the chosen payment system.
Should you trade on Binomo or not?
After reviewing Binomo, we have concluded that this is a decent platform as it provides various ways to get practice and knowledge. The platform offers a convenient app for its traders, different educational tips, and analytics tools to ensure a satisfactory experience. However, keep in mind that no trading platform is risk-free, and you may end up losing all your funds.