Editor’s note: The online trading platform provides a review and tips on how beginners and professionals can best use its services. Below is their press release.
Are you interested in trading? In this review, you can learn all about the Binomo platform. We’ll cover the main information regarding how to get you started and trade everywhere. You’ll learn how to deposit and withdraw funds, how to practice, and what steps are needed to become a professional trader.
What is Binomo?
Binomo is a convenient online platform that allows you to invest and trade without having to contact an agent. Its users earn extra cash on shifts in currencies and other assets. There are four types of accounts available on the platform: Demo, Standard, Gold, and VIP. Depending on the account type, traders get access to various benefits, tools, and bonuses.
For those who are always on the go, the Binomo mobile app is an excellent way to use the platform anywhere. It has almost all the same features as the web version including educational materials and the support service.
Where to download the app?
You can trade on the free Binomo app from a mobile device. Just find a yellow logo on Google Play or App Store. If facing trouble with downloading the app from Google Play, you can download the APK file here: https://binomo.com/en/promo/android.
Keep in mind that the Binomo trading app is solely for smartphones and tablets. There is no software for Windows/Mac OS and you won’t be able to obtain it for your PC. Use the web version if you want to log in on Binomo from a desktop.
Is Binomo safe to use?
If you’re wondering whether the platform is safe and real, fake or not, there is no reason to worry because Binomo is a reliable asset trading platform regulated by the International Financial Commission. A Verify My Trade certificate of trade quality was also given to the platform as it provides quality service. Another proof of the platform’s reliability is that it got the FE Award in 2015 and the IAIR Award in 2016 for excellence in global finance and markets.
One more way to ensure that the platform is not illegal but safe is to find reviews of the website and the app on the net. You’ll see the positive feedback on credible forums for traders and brokers describing their experience. For more information on whether Binomo is a scam and fraud or legit and safe, click here.
You can also check further details about the company, such as contact information and the head office address, through their website. Additionally, check their LinkedIn profile for the latest updates. The platform regularly informs its users about changes in its news feed.
How does Binomo work?
Some traders new to the platform ask how to play Binomo but eventually discover that this is not a game. Beginners must understand how important it is to learn what the platform is all about, especially how to use the tools and read the charts, before jumping into trading right away. Before heading to the Binomo website where you will find numerous tips and tutorials to help you get familiar with the platform, here’s what you can do to get started:
Sign up and Log in
Follow the steps below to sign up for Binomo and log in with convenience.
- Go to the Binomo login page on the web version or in the app.
- In the upper right corner choose English or any other language accessible.
- Enter your email address and password or sign in via your Google/Facebook account.
- Select a trading currency. After registration, the account currency cannot be altered.
- Select “Create account”.
Before opening a new account, you need to close an old one. Having multiple accounts is against the Binomo regulations.
Note that the company may ask for documents confirming the account holder’s identification. Nowadays, it only takes a few minutes thanks to the Binomo automated verification procedure (vs. IQ Option, which used to take days).
Right after registration, all users of the platform get access to the Binomo Demo account. There you can trade with virtual USD1000 in a secure environment before entering the actual trading world. This practice can reduce the risks of losing your investment.
After you have mastered your skills on the Demo account, make a deposit to trade with real funds. You need to understand that the platform requires fair trade – that’s why you better avoid bots and signals because they can be cheating. Dishonest methods can violate Binomo’s regulations.
For answers to FAQs, head to the Help Center, which serves as a Wikipedia for traders. You’ll come across a variety of trading strategies on the platform. However, note that no strategy can ensure that a trade will be 100% successful. There are no “winning strategies,” you need to get experience and trade on your own. Try to learn how to alternate them, and over time you will develop your own approach to forecasting.
For further inquiries about the Binomo platform, you can use the chatbot or talk to a support specialist. The chatbot is available in the app for iOS and Android users. To earn additional funds and for further training, you can also participate in tournaments. The most popular one is “Daily Free” which requires no charge for participation.
For users’ convenience, there is a range of deposit options available for depositing. The most popular deposit methods in the Philippines are GCash, Cards, Banks, and Coins.ph while some systems like PayPal aren’t available. For the full list, you can check the Help Center.
The minimum sum is USD10. After depositing it, you get a Standard account and extended features.
You can increase the trading amount by using deposit and no-deposit bonuses. They can be given by promotion, by a personal manager, or even on the first deposit when you just registered a free Demo account. You only need to use the code or the coupon provided. The offers will be displayed in the “Bonuses” section of your account. More details are described in the terms and conditions of Binomo.
Trading on Binomo
You might wonder how to make money on Binomo but remember that online trading is not a way to get a fast profit. By using fixed-time trading (FTT) you can earn extra income on price fluctuations. Trading requires knowledge and experience. See how to open a trade on Binomo:
- Choose the asset you’d like to trade.
- Determine the size of the trade and how long you want it to run.
- Make a forecast whether you believe the chart will go UP or DOWN. If it’s correct, you get extra profit; otherwise, you’ll lose the sum invested.
Note! If you have a website or a social network account with a relevant audience, sign up for the BinPartner affiliate program to earn extra profit by referring traders to Binomo.
How to withdraw funds from Binomo?
Traders who want to know how to withdraw money from Binomo should be aware that they may only withdraw funds using one of the payment methods used for deposits. Withdrawals can take from a few minutes to three days or more, depending on the type of the traders’ account and the payment system.
The limited withdrawal sum is measured as up to USD3,000 per day, USD10,000 per week, and USD40,000 per month. It’s vital to keep in mind that some payment systems may implement their own withdrawal limits.
The good news is that there is no commission when withdrawing funds from the platform. For comparison, IQ Option vs. Binomo charges a commission of USD31 for each transfer.
Note! The minimum withdrawal amount on Binomo is USD10.
Trade with Binomo today
In this review, we described how the platform works, its features, and its rules. Binomo is an online platform that allows both inexperienced and expert traders to earn extra funds even on the go.
Many educational materials and tools can be accessed until you make your first deposit. Try contests, read the guides, apply strategies and you’ll grow as a trader. These features make trading convenient. However, keep in mind that trading is risky and anyone can lose all their funds invested. – Rappler.com