In this review, we will discuss what Binomo is and how does it really work, find out about Binomists, and what’s their goal. On the way, you will also learn all about how to trade on the platform. We will go through topics like training, regulations, limits for withdrawals and deposits, etc.
Who are Binomists, and why do they choose Binomo?
Users with a particular way of thinking are called Binomists. They are constantly monitoring price fluctuations and analyzing the market to make forecasting decisions. Binomists don’t make impulse actions. Instead, they rely on their expertise and market knowledge.
They choose Binomo because of its simple interface and its accessibility. It’s available in a mobile app (as well as a website for PC) and in thirteen languages, including English and Hindi.
Is Binomo safe?
The question often asked is if Binomo is legal in India? Another question is if it’s a scam or not? The company is legit and not a fraud. The proof is that Binomo is regulated by the International Financial Commission (IFC). A regulatory institution, Verify My Trade, has also awarded it a quality certificate.
You can look Binomo up on the net to see if it is real or fake. Check out forums like Quora to see if it’s legit or not since Binomo has a lot of positive reviews everywhere. You can also contact visit the head office. The address of the company can be found on the website https://www.binomo.com/en.
How to start trading smartly on Binomo?
Binomists are also always looking for new opportunities to develop their abilities. You are encouraged to practice on the demo first if you’re a beginner, as there is no rush to make the first deposit. Make sure to understand how to use Binomo first.
Sign up and log in to Binomo
There are two ways in which you can sign-up on Binomo. You can either enter your email address and a password or use your Facebook/Google account. Follow the steps below for more info on the registration process.
- Open the Binomo login page on the web from your desktop/PC.
- Type in your password and email.
- Select the currency you want to trade. It can’t be changed once it’s selected, so choose wisely.
- Read the Client Agreement and Privacy Policy terms and then agree to them.
- Select the “Create account” option to finish this process.
You should read how to close an old account before creating a new one if you already have registered on Binomo. Having multiple accounts violates community guidelines.
Once the account is set, you can start investing cash in Binomo.
Note! You can become a partner by joining the BinPartner Binomo affiliate program. This allows you to earn almost 70% extra profit.
A demo account and tutorials on Binomo
There are various avenues through which the platform provides education. Users learn what Binomo is and how they can use it via a demo account. All true Binomists commence trading with the free account and practice with unlimited virtual funds.
A free tournament, “Daily Free,” is available to all users. Other tournaments are paid. So, if you’re ready to invest, you can increase your trading skills further by participating in these paid contests.
Some beginners ask how to play on Binomo. However, trading is not a game. But it’s still risky, and you need to have your own trading strategy, experience, and do market analysis. There is no winning involved as it isn’t a game.
Another popular question about Binomo is how to make money on it. The broker should only be used to earn additional income. Binomists understand this fundamental rule and practice. They know that only their experience can help them improve their skills.
Make sure to not rely on others’ signals and tips as nothing is guaranteed. You should always work with your strategies as bots and other users might trick you.
If you get stuck anywhere while using the platform, there are ways to find answers to your problems. You can check the Help Center. It’s like Wikipedia for traders. Anything not covered by the FAQ section, you can ask from the chatbot, Cody. It’s available on the web version and in the Binomo app (for Android and IOS users). Additionally, you can contact a manager in the live chat or email at support@binomo.com.
Trade conveniently with FTT
Binomo operates a trading mechanism called Fixed-Time Trades (FTT). You can open a trade with a duration of 1-60 minutes. Here is the process in more detail:
- Choose a trading asset.
- Define an amount and a time for the trade to be closed at.
- The forecast is in the form of UP or DOWN. If it’s correct, you will receive additional income.
Invest and withdraw funds safely
In India, the minimum deposit on Binomo is $5. It offers payment options like NetBanking, PayTm, UPI, GlobePay, Indian exchanger, and PhonePe. Note that PayPal isn’t an option.
Binomo has terms and conditions that state that traders can get deposit bonuses when investing funds in their accounts. Everyone can receive a 25% “welcome bonus” on their first deposit by switching from a free account. You can also get from 100 to 200% or a no-deposit bonus (for example, a coupon during a promotion or a bonus code).
Now we’ll talk about how to withdraw money from Binomo:
- The minimum withdrawal amount on Binomo is $10.
- You can withdraw funds through one of the methods you used to deposit.
- Withdrawals of money can take anywhere from a few minutes to a couple of days or more, depending on which type of account you have (Free, Standard, Gold, or VIP).
- The withdrawal limit is $3,000 per day. It’s around $10,000 per week and $40,000 per month.
- Binomo doesn’t charge withdrawal fees (vs. IQ option that charges a commission of $31 for wire transfer).
- Some payment methods may also apply their withdrawal limits.
Sometimes the platform may ask you to confirm your account to make a withdrawal. Verification on Binomo has become quicker than in the past. The automated process in India takes only up to 10 minutes. It’s more efficient (vs. other platforms like the IQ option).
Trade everywhere with the Binomo app
Binomo empowers many people worldwide with its user-friendly platform to invest and trade. The Binomo app with a yellow logo can be downloaded for free on App Store and Google Play. If you can’t seem to install it from the stores, don’t hack the app but just download the APK version from the website.
Note! The trading app isn’t on Windows or Mac, and there is no Binomo software for PC.
Try Binomo and become a true Binomist
Now you have learned about the web version, the mobile app, and how to make your first investment. Make sure to take full advantage of the bonuses that Binomo provides. You can be a Binomist too and expand your financial empowerment by following the steps in this article.
Remember that trading is potentially risky, and you need to explore all educational materials on Binomo to reduce your financial risks.
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