If you are looking for a safe platform to trade online in India you should have heard about Binomo. It is one of the most popular and reliable platforms around the world. The headquarter is in St.Vincent and the Grenadines since 2014 and the company is a part of Dolphin Corp. Okay, but what is exactly Binomo trading? Let’s take a closer look at this in our in-depth review.
Binomo.com – what is it?
Binomo allows you to trade assets online. Let me explain this shortly. On Binomo, you are provided with over 60 different assets. Let’s suppose you chose a trade asset among the proposed. On your page you will see the current market position of the asset you chose and the bar that shows when trade time expires. At this point, you have to forecast whether the price of the selected asset will go Up or Down. If your forecast is correct, this means you made a profitable trade. Now, we explained how to trade on Binomo, but there are many more aspects to discover at the website.
Registration & Login
After you complete the registration form you’ll get an automatic message to your email. Click on the link in the email to complete your registration. There is another way to log into the Binomo trading platform – use your Facebook or Google account.
Note! For traders from India who do not know English, Binomo provides a trading platform on Hindi.
Binomo has created different account types by considering all kinds of customers, both inexperienced and professional traders. A Demo account is an account type that everyone gets right after they finish the registration process. It includes $1000 virtual funds so that the trader can understand how the platform works.
Standard Account – Sign up for this account only with a minimum deposit of $5.
- 40+ assets.
- Withdrawal funds are processed within 3 days or longer (depending on your account status and payment system).
- Deposit bonuses up to 100%.
- Binomo free and paid tournaments.
Gold Account – Sign up for this account only with a total deposit of $500.
- 50+ assets.
- Withdrawal funds are processed from 24 hours to 3 days or longer (depending on your account status and payment system).
- Deposit bonuses up to 150%.
- Binomo free and paid tournaments.
- up to 5% cashback on unprofitable investments.
- Insurance and personal manager.
VIP Account – Sign up for this account only with a total deposit of $1000.
- 60+ assets.
- Withdrawal funds are processed from 4 hours to 3 days or longer (depending on your account status and payment system).
- Deposit bonuses up to 200%.
- VIP Binomo tournaments.
- up to 10% cashback on unprofitable investments.
- Insurance and risk-free trade.
- Personal manager.
How to deposit and withdraw funds?
To withdraw your income from your Binomo account, you must click on the “Cashier” button in your account. While requesting withdrawal, it’s important to use the same payment method you used when to deposit. At Binomo, you can deposit or withdraw funds via your bank cards or e-wallet. The minimum deposit is $5 as like the minimum withdrawal amount.
Note! The daily withdrawal limit is up to 3000$, weekly – up to 10.000$, monthly – up to 40.000$!
Trading on binomo.com
Trading on Binomo is a good experience for beginner traders since it provides the strategies, tournaments and free educational materials. So that, you wouldn’t dive headfirst on trading if you’re new in this. Also, you can explore more through tournaments. You don’t necessarily pay for the tournaments if you just want to learn trading more, because there is a free tournament on Binomo. But, if you want to spice things up and get some extra earnings from the tournaments, you can join the ones where there are paid registration.
It is also always worth remembering the Strategy section, which will help beginners understand how to trade on Binomo. Use it wisely as none of strategies alone can guarantee a profit.
The time spent on a Demo account is the learning process for traders. Binomo funds Demo accounts with virtual funds (1000$) to give the users a full-trading experience without losing their deposits. Traders are expected to enhance their skills and start earning income through the real types of accounts.
Also, on the Help Center, traders are able to find the answers for their questions regarding the website and trading without the need of reaching out to someone from the support center.
What is the Binomo app?
Binomo mobile app allows traders to trade online whenever they want, wherever they want. If you use an Android device, you can download the Binomo mobile application to your tablet or phone from the Google Play Store. Or, you can try Binomo mobile Apk: https://binomo.com/en/promo/android. For those using iOS devices, there is a legal Binomo app available in the App Store.
Binomo is real and safe?
Some users who do not read the instructions thoroughly and ignore the Customer Agreement while registering on the platform claim that Binomo is a scam. If you read the comments, you can see that many are complaining about the verification process. Sometimes Binomo wants you to verify your identity so that you can safely withdraw your funds from the account. The reason for this practice is that Binomo doesn’t allow frauds and scammers on the site.
Binomo also protects its customer’s rights with the certificate it got from the Financial Commission (IFC). Traders on Binomo are under the guarantee of this independent conflict resolution company.
Also, many traders ask if Binomo is legal in India. This trading platform is regulated by the IFC (it has been classified as Category A since 2018) and is also certified as trade quality after a successful audit by the independent organization Verify My Trade. All this speaks about the reliability and transparency of the trading platform.
Users who carefully follow all the necessary processes and know that there is always a risk of losing a deposit when trading online, do not face problems when trading on the platform. Binomo does its best to make traders feel comfortable and safe. On the platform, traders are expected to generate additional income by improving their trading skills and using tutorials.