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What is Binomo and how to use it?

Brand Voice
·6-min read

Binomo Trading Platform Review

By trading the financial market, you can make additional income by predicting whether assets will rise or fall in value. Traditionally, you had to be physically present at the financial market to make such trades. However, with online platforms like Binomo, you can trade from the comfort of your home.

Over the years, Binomo has become an established trade brokerage with sterling reviews. It is a category “A” member of the International Financial Commission. They provide quality service and transparency. Also, their membership in the IFC allows you access to the independent dispute resolution organization.

Binomo was established in 2014. Its parent company (Dolphin Corp.) is registered and located in St Vincent and the Grenadines. It has overcome the few teething challenges it had at inception and has transformed into a highly reliable trading platform.

What is Binomo trading?

Binomo is an ingenious platform for trading online. Specifically, they offer expert brokerage services. With Binomo, you can comfortably trade currencies, commodities, and cryptocurrencies in the comfort of your home. Also, they provide expert tutorials and guidance for you to become a professional trader.

Sign in

To start trading on Binomo, you need to create an account. It is a convenient process, all you need to do is;

  • Visit the Binomo website

  • Type your email address in the space provided

  • Then, create a strong password using a combination of letters and numbers

  • After that, you select your preferred currency.

  • Then, you tick the box to indicate that you have read and accepted the terms and conditions.

  • Finally, you click the “sign up” button.

Account type

To cater to her different classes of clients, Binomo has four available types of accounts. They have varying minimum deposits and offer commensurate bonuses.

Demo account

When you sign up, you are automatically granted a $1,000 Binomo demo account. With it, you can make virtual trades on the real market. It helps you to gain experience without using actual capital. And even better, it gets replenished when you exhaust it.

Standard account

When you are ready to trade with real capital, the standard account is your first option.

  • It requires a minimum deposit of only €5 or $5 for India.

  • Also, it offers deposit bonuses of up to 100%

  • It offers profitability levels of up to 85% in cases of correct forecast.

  • Your withdrawals will get processed in 3 days or less depending on your withdrawal method.

  • However, you won’t get insurance or a personal manager.

Gold account

If you want more bonuses and advantages, you can sign up for a gold account.

  • The gold account requires a total deposit of €500 or $500.

  • It offers 150% deposit bonuses.

  • With a gold account, you can get 5% weekly cashback and expert guidance from a personal manager.

  • It offers profitability levels of up to 90% if your forecasts are accurate.

  • Your withdrawals will get processed in 24 hours or less depending on your withdrawal method.

VIP accounts

If you want the best Binomo has to offer and can afford it, the VIP account is your best choice.

  • The VIP account requires a total deposit of €1,000 or $1000.

  • It offers 200% deposit bonuses.

  • It offers profitability levels of up to 90% in cases of accurate forecast.

  • Your withdrawals will be processed in 4 hours or less depending on your withdrawal method.

  • You can get a weekly cashback of up to 10%.

  • Vip customers get exclusive access to risk-free trades where earnings are added to their accounts but losses are not deducted.

Deposit and withdrawal

You can deposit funds in your Binomo account through different methods. You can fund your account using your bank cards. You can also fund your account from your cryptocurrency (Bitcoin or Litecoin) wallet. All transactions are complete as soon as they are verified by the payment system. And if you’re transferring funds from a bank account in a currency different from the one your account is set to, the conversion will be done at your bank’s internal price.

You can withdraw funds to your bank account or any e-wallet option available in your region. However, withdrawal can only be done through the payment method you funded your trading account from. Binomo will not charge any commissions on your deposits and withdrawals.

How to use Binomo?

  • To start trading, you have to log in to a real account. You can check that in the upper right corner, immediately above the chart.

  • After making sure you are using a real account, you then select the asset (for example, EUR/USD) you wish to trade.

  • Set the time and the amount of funds you wish to trade.

  • Then, you click on either the green or red buttons to indicate the direction you predict the chart will go.

  • Wait for the time you have set to run out and if your prediction is right, your earnings will be instantly paid to your account

The Binomo app

It might be a little cumbersome to have to visit the Binomo website too frequently. You will need it for occasional in-depth analysis. However, for day to day trades and updates, you can use the Binomo app. It is available on all app stores. Also, the Binomo APK is an alternative way of installing the Binomo trading app, for android users only https://binomo.com/en/promo/android.

Binomo real or fake?

You might be asking, is Binomo safe? Is Binomo legal in India? Considering the abundance of scams on the internet, your concern is understood. However, with Binomo, you have nothing to worry about. There is quite a trove of positive Binomo reviews in India on the internet. Also, you can check the app reviews on the app stores if you need further convincing that Binomo is not a fraud.

Dolphin Corp (Binomo’s parent company) is duly registered under the laws of Saint Vincent and the Grenadines (RN: 25151 IBC 2018) and its office is on the First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines.

Also, Binomo is a category “A” member of the International Financial Commission. This status guarantees the company’s reliability and professionalism.

Conclusion

Binomo offers an exciting way to make income on the financial market, without having to leave your day job or business. With Binomo, you don’t just obtain access to a trading platform, you also gain access to expert tutorials. So, you don’t need to be an expert before you register. Binomo’s personal manager program and demo accounts are designed to help make you an expert in the shortest time possible.

However, you should know that by engaging in live trades, you are at risk of serious financial loss. We advise that you consult an independent financial advisor or asset manager to moderate your exposure to risk.

(Syndicated content)