Description: 📊 The review will explain in detail what the binomo.com website and app is and 🔒 whether this trading platform is legal in South Africa. It will also talk about 💳how to deposit and withdraw funds, where to download the app, how to use bonuses and much more.
In this article, we’ll review the Binomo platform that is one of the leaders in the financial market. Read on to know all about how to use Binomo and get extra income on trading.
Binomo trading platform at a glance
Binomo is a platform for online trading paving the way for its clients in the financial market and providing various features for the best trading experience. Additionally, the platform is available on computers and in the app, whenever a trader needs to access it. How does Binomo work? Read on to figure out what it is all about.
Sign Up and Log In
The registration process on Binomo is really uncomplicated, also for your convenience, the login page comes in several languages besides English.
- Head to the website www.binomo.com or use a mobile app.
- In the next step, you need to provide an email address and password.
- Opt for a currency you want to trade with. However, it is impossible to change it later.
- Then read and accept the regulations of the Client Agreement.
- Check an email for approval of the account and once it’s confirmed, you can sign in and watch free tutorials about how to trade.
Use a Demo account
A free Demo account is a great variant for training and learning everything about trading on the platform. It allows you to take part in the “Daily Free” tournament – you just need to enter your login once you open the website and select the contest on your account. When you feel comfortable trading on Demo, try a Standard account for trading with real funds.
Free education for trading on Binomo
Binomo provides various ways to learn how to trade, improve your skills, and apply trading strategies. However, there are no “winning strategies” – no strategy guarantees a 100% result. You can also join contests to test your skills – there is a Daily Free tournament available even for Demo users. Sometimes traders wonder how to play Binomo but they need to understand that it’s not a game because every user needs experience and practice in trading to make forecasts.
Check on the tips published in the Help Center to learn more about the platform. It contains a lot of useful information and serves like Wikipedia for traders. In case you have a personal query – contact the support team via chat or email. Binomo allows traders to talk to a specialist regarding their concerns instead of having them answered by a bot.
Deposit and Bonuses
Let’s learn how to invest in Binomo in order to start trading with real funds. Deposits can be made through various payment methods, including Skrill, Advcash, Perfect Money, Mastercard, and VISA, although PayPal isn’t among these options. You’ll find payment proof in the Cashier section once you invested at least $10 which is the minimum deposit. Binomo is not a tax agent which means you need to pay taxes on your own.
Bonuses can be credited adhering to the terms and conditions of promotional programs, once the code or the coupon is activated. There are no deposit bonuses on Binomo which can be announced on the company’s social media or through emails, also by a personal manager (for VIP accounts). Additionally, you can get deposit bonuses that depend on the cash invested. There is also a 25% welcome bonus which can be applied during the first 30 minutes after registering a free Demo account.
What’s Binomo trading all about?
The platform has adopted fixed-time trades (FTT) for its clients. Some beginners may wonder how to make money on Binomo but it’s incorrect because on the platform they can get extra income.
Now we’ll describe how to close a trade on your account:
- Find the Binomo website on the net or open the app.
- Choose an asset.
- Determine the amount you wish to trade.
- Then set a time when the trade will be finished.
- Choose whether you think the chart will go UP or DOWN.
- The result depends on your forecast; the trade could go either up or down during that time frame. If the forecast is correct, traders get extra profit, and if not -funds aren’t returned. This is why it is important to have experience and trade wisely.
Note! Don’t use signals as they are against Binomo regulations.
Invest and trade anywhere with the Binomo app
Gone are the days of logging in only through browsers and checking for updates because now an app can help you to access the platform immediately. Download an app from Google Play or App Store and use Binomo whenever you want.
For iOS and Android
To download the Binomo mobile app, look for the yellow logo on your Google Play or App Store. You can read the reviews to ensure that the app has all the necessary functionality to invest and trade anywhere.
Note! For some Android users facing problems with installation from Google Play, there is an APK at the link: https://binomo.com/en/promo/android which means there is no need to look for hacks.
To use Binomo on desktops, traders can go to the web version and login through their browsers as there is no software available for PCs on Windows or Mac.
How to withdraw money from Binomo?
Let’s see how the withdrawal process works on Binomo and what are the terms. To ensure a secure transaction, you must use all the same methods which you used for investment, keeping mindful of the withdrawal policy. There is a minimum withdrawal of $10. Transactions take from a few minutes to 3 days or more depending on the chosen deposit option and the account status. Moreover, Binomo company vs IQ Option obtains no commission withdrawing funds from the platform.
When withdrawing from Binomo you need to keep in mind the limits of up to $3,000 per day, $10,000 per week, all the way up to $40,000 a month.
In some cases, Binomo may request verification of your account. This is an automatic process vs IQ Option where no such service is offered.
Is Binomo legal in South Africa?
You may be wondering whether Binomo is real or fake, and whether it is a scam or not. If someone guesses that Binomo is illegal or it is a fraud, they need to know that the platform is regulated by the International Financial Commission.
In addition to that, the platform has also got a certificate by Verify My Trade for the quality of trades. In case you need to read more about the company, head to the website and find an office address and other contacts. Now you can not worry whether Binomo is a safe and legit platform or not.
Traders’ opinions on using Binomo
The Binomo broker has received various positive reviews from people on different forums. YouTubers have commented positively on their experience on the platform:
- One YouTuber Aman advises newcomers that the platform has great potential for traders, as long as they are willing to put in the time.
- On the other hand, another influencer Praveen commented that earning through Binomo is dependent on the forecasts that traders make, which means that knowledge and experience do count, but nothing is guaranteed.
- At the same time, there was a trader Dilip who said that risk is a part and parcel of every trade; Binomo only tries to give you an edge.
Take full benefits of the affiliate program
The BinPartner program can provide its affiliates with a comprehensive analysis of their promotions, a wide set of promo materials so that partners can have a great experience referring traders to Binomo. As a result, they can get up to 70% of the traders’ income.
Binomo trading for everyone
Binomo provides a worthy platform for beginners and experienced traders, it comes in several different languages and has an FAQ section to support you. You’re advised to try strategies, tournaments and a Demo account for practice in order to get practice and empowerment for trades. The platform focuses on the clients’ convenience, facilitating a user-friendly experience. Although remember that trading comes with risks of losing your funds.