Finding a reliable trading platform can be quite challenging, especially with the rise of many fake brokers. However, Binomo is one of the companies in India that has proven to be real and earned the trust of traders. Below we shall review what’s so great about the Binomo platform that the Binomist community has rallied around it.
The legitimacy of the company
Probably you have seen reviews from various forums on the net like Quora questioning whether Binomo is legal in India or fraud. The millions of traders globally, including over 250,000 Indian Binomists, could never have wasted their time on the platform if it were a scam. However, learning facts about this international broker is better than believing subjective opinions.
The most important fact concerning the legality and safety of this trading company is regulation. Binomo is regulated by the Financial Commission and owns a certificate of trade quality by Verify My Trade. Besides, it has received several international awards because of being the best trading platform for beginners and pros. It is proof that the company is real but not fake or a scam.
Binomo also makes every effort to ensure that customers’ data or funds never land in unsafe hands. It conducts automatic account verification (no taking documents to the Binomo office), which mostly takes not more than ten minutes, vs IQ Option, where the verification process may take up to several days.
Simplicity of sign up
Signing up on Binomo is really fast and straightforward. You only need to head to the website https://binomo.com and click on the sign-in tab. Choose the language you are comfortable with since the Binomo platform is available in more than ten languages, including Hindi and English.
Remember to choose the currency carefully since you can only change it if you close your account and open another one. Also, read the Client Agreement before checking the consent box because violating its provisions may block your account.
Free educational tutorials
Only practice can perfect your trading skills, so Binomo provides all the necessary tools.
A demo account
Once you finish the registration process on Binomo, you access a free demo account. It has $1000 virtual funds to trade on real charts without risk. Besides, this sum is replenished every time it gets finished.
In the educational section, you can access video tutorials that will give you all the necessary knowledge about the basic principles of trading and help answer the question “What is the Binomo platform, and how does it work?”.
The Help Center
As a beginner, you will also find it very helpful to visit the Help Center, which serves as the Wikipedia on trading. This section answers the FAQs from traders, such as how to use indicators or open a trade on Binomo. Don’t worry if you didn’t find the solution to your problem here or if it didn’t satisfy you. You can always contact the chatbot or address any concerns by email at email@example.com.
Note! Avoiding signals, thorough practice, and training is vital since there is no answer to how to make quick money on Binomo.
The platform offers several strategies to help you in market analysis and price forecast. However, we must point out that no trading strategy guarantees 100% winning since Binomo is not a game you need to know how to play. You should not apply ready-made tips but develop your approach toward trading.
You can participate in tournaments not only to increase your skills and get extra income as you compete with other traders. A free contest called “Daily Free” is available even for demo account holders. The rest of the Binomo tournaments are paid, but their prizes are real and can be withdrawn.
Minimum deposit & withdrawal
If you feel confident after training on the Binomo demo account, make your first deposit and begin the actual trading. The minimum investment in India is only $5, and with $1, you can open a trade. Note that you can deposit funds using UPI, PayTm, Indian exchanger, GlobePay, PhonePe, and NetBanking, though PayPal is not among the deposit options.
If you have extra income and wish to know how to withdraw this money from Binomo, keep in mind that you can use any of the payment methods above, but only if you use them when making a deposit. The minimum money you can withdraw is $10. Withdrawal limits vary by day ($3000), week ($10,000), and month ($40,000).
If you don’t withdraw more than once a day, you don’t have to pay anything. IQ Option charges $31 per transaction via wire transfer, vs. Binomo offers one withdrawal within 24 hours with no fees.
Note! Transactions through Indian Exchanger are subject to a commission of 5% of the withdrawal amount.
Your Binomo account type determines the withdrawal time, which can take a few minutes to at least three days. However, the financial service provider determines the final timeline per their policy.
No Binomist wishes to remain at a low level all through but strives to get a higher status. Binomo has three real accounts, each with a different number of assets and advantages, including bonuses: Standard, Gold, and VIP account.
A VIP account is the goal of many Binomists because it offers full privileges:
- Access to all assets presented on the platform.
- Opportunity to participate in VIP tournament.
- Deposit bonuses up to 200%.
- The highest possible profitability with a correct forecast is up to 90%.
- Maximum cashback is up to 10% in some cases.
- Fast approval of the withdrawal request (maximum 4 hours).
- Support of a personal manager who can issue Binomo no-deposit bonuses such as 100% investment insurance, coupons or promo codes, risk-free trades, etc.
- Opportunity to become a member of the Prestige Club.
Note! Each type of Binomo bonus has its terms and conditions. Please read them carefully before using the reward.
An app suitable for Android and iOS
Binomists value mobility and, therefore, often use the yellow logo app. The Binomo mobile software is available to download for free from Google Play or the App Store.
If you have problems installing on Android, you don’t need to hack the app. To invest and trade wherever you are, just access the APK version on the official Binomo website.
Kindly note that there is no desktop app for PC, whether on Windows or Mac. To login to the Binomo platform from a computer, use the web page.
Become one of the Binomists today
Joining the Binomists club should be one of your priorities if you really wish to get some empowerment. The Binomo platform has a lot of advantages, from legitimacy, low investment, and trading threshold to a modern trading app.
We recommend you get trained and practice as much as possible on the demo before investing and trading, as you may lose your deposit. To get extra profit without risk, become a Binomo partner and receive a commission for the affiliates you refer.