Let’s discuss why you should become a Binomist, and answer what Binomo is and how does it work. This editorial will touch upon advantages such as international regulation, various types of accounts, free tutorials, secure payment methods, and a handy mobile app.
Binomo is regulated
Do you want to know the answer to “Is Binomo legal?” Then consider that it would not have millions of users globally, including over 250,000 Binomists in India, if the platform were really a scam. There are many positive trader and broker reviews on forums and sites like Quora.
However, users should rely on facts to confirm whether the company is real or fake rather than comments. The proof of legitimacy is that Binomo is regulated by the International Financial Commission and has a trade quality certificate from Verify My Trade. In addition to the FE Award in 2015, the platform got the IAIR Award for excellence in global finance and markets in 2016. If you are still wondering whether Binomo is a fraud or safe, head to the website for more information, such as the office address. The platform is available in Hindi, English, and other languages.
Free trading education
Binomists are drawn to the platform because it allows them to practice safely. After registration, every user of Binomo is granted access to a demo account for an unlimited time. A demo account allows starting trading with 1000 virtual funds replenished unlimited. This way, you can improve your skills without any risk. Even though it is free, the demo account acts as the basis of training on real charts.
If you’re having problems figuring out the answer to what’s Binomo and how to use it, you can watch video tutorials. For further queries, such as how to close your account, you can go to the Help Center, a FAQ section where traders can get their questions addressed like Wikipedia); click on the chatbot, or contact a support manager.
Beginner traders asking how to make money on Binomo need to understand that this is the wrong question. You should trade and study on the platform and not chase easy profits. Moreover, traders who inquire how to play should know that Binomo is not about winning a game; it’s all about trading, which can not be done without practice and in-depth market analysis.
On the Binomo demo account, traders can also contest in the “Daily Free” tournament and test strategies; However, no trading strategy ensures a 100% result. Attempt to discover how to alternate them to create your system to price forecasting over time. Remember that the platform discourages signals as it wants users to trade fairly. Learn, and do not rely on other people’s tips.
Several types of real accounts
After training and practice on a demo account, the user can start financial empowerment by making the first deposit. There are three real accounts, each with several available assets and bonuses.
According to the terms and conditions, the type and size of the bonus are determined by the account you have on Binomo. In addition to deposit bonuses from 100 to 200%, you may receive a coupon or code as part of the promotion or as a prize from your manager.
The best benefits, including no-deposit bonuses and personal manager support, are only available with a VIP account; therefore, Binomists strive to obtain one. Furthermore, the platform offers the prestige club; it is a premium service package for high-class traders who value their time. Its members receive special bonuses such as free participation in high-level tournaments and increased cashback.
Secure payment methods
Despite the safety of investments in Binomo, Binomists do not need to deposit large sums all at once because the minimum deposit amount in India is only $5, and the trade entry threshold is $1. The popular payment options include NetBanking, UPI, PayTM, Indian exchanger, GlobePay, PhonePe, etc. (PayPal is not among them).
How to withdraw money from Binomo? For security reasons, withdrawals can be made to one of the payment methods previously used to make a deposit. Depending on the type of account, the payout can take anything from a few minutes to three days or more, but the final time relies on the provider.
Note: Do not worry if the company requests documents establishing your identity during withdrawal or other moments. Verification will protect your Binomo account and funds from getting to unauthorized persons. In addition, the аutomated process currently takes only a few minutes (vs. IQ Option).
Also, note that the minimum withdrawal is $10. There are maximum withdrawal limits:
- 3,000 per day,
- $10,000 per week, and
- $ 40,000 per month.
Users from India can make one withdrawal per day without commission (to any payment system). IQ Option charges a 31$ fee for wire transfer vs. Binomo.
An intelligible Binomo trading app
If you download the yellow logo app from Google Play or the App Store, you will be able to invest and trade anyplace, at any moment. If you face difficulty installing the app for Android, do not hack, but download the free APK version from https://www.binomo.com/en.
Note: Users should be aware that there is no software for PC, whether Windows or Mac; to access the platform from a desktop computer, log in to the web version.
Sign up for Binomo and join the Binomist community
Now that you’ve gotten answers to all of your queries concerning whether or not Binomo is a fraud, you can join the Binomist community. Yes, trading carries the potential risk of losing your deposit. Therefore, there is an alternative way to get additional income for those who are not yet ready to become a trader, namely the BinPartner affiliate program.