This review will comprehensively answer the question: “What’s Binomo, and how does it work?”. We will discuss the platform’s regulations and features such as demo account, mobile app version, strategies, bonuses, etc.
Check if Binomo is a scam or legit
For many traders throughout the world, the company’s reliability and transparency are the most important factors to consider before starting to achieve your goals on it. People wondering whether Binomo is illegal or not should know that the platform is safe and not a fraud. It is regulated by the International Financial Commission and has a trade quality certificate from Verify My Trade. You can always head to the Binomo website to come across the office address and other contact details.
Suppose this is not enough proof for you, and you’re still unsure whether Binomo is real or fake. In that case, look on the net; you’ll find many positive brokers’ and users’ reviews on forums like LinkedIn.
Note! If you have any questions, log in to Binomo and click on the chatbot or talk to a support agent in English or another convenient language.
Pay attention to the Binomo terms upon registration
The currency chosen upon registration cannot be changed afterwards; to do so, the user must close the existing Binomo account and sign up with a new one.
It is also crucial to read the Client Agreement and Privacy Policy, as failing to follow the platform’s rules can result in account suspension. Check out the conditions that must not be violated to invest and trade on the Binomo without any issues.
Sometimes the company requests documentation proving the account holder’s identity. Don’t worry; the automated verification on Binomo takes only a few minutes (vs. IQ Option).
Complete free training on the Binomo demo account
Trading can’t be effective without in-depth market analysis and prolonged practice. Even experienced traders must go through training when they initially use a new platform. Binomo offers video tutorials, an Economic Calendar, a glossary of terms, and many other materials for trading education so that users can learn the basics, such as how to trade.
There is also a Help Center with answers to FAQs, similar to Wikipedia. Here you can find out, e.g., what FTT is and how to close a trade.
To learn how to use Binomo, you also need to sign in to a demo account and practice trading with unlimited virtual cash. You can also contest the “Daily Free” tournament and evaluate your progress while competing against more experienced traders in this safe environment.
Note! Traders should avoid questions like how to make money on Binomo because it is not a platform for a quick profit. Also, remember that it is all about fair trading; thus, the use of signals is not encouraged.
Develop your trading strategy
Each trader must establish their unique approaches to reach their aim. Strategies featured on Binomo shouldn’t be seen as a guide for taking action. Their application should be based on the current market situation. No strategy can produce a 100% result because trading is not a game that has a single winning tactic. Therefore, the question of how to play on Binomo is initially incorrect.
Start real trading with a minimum deposit
Once you become aware of how Binomo works, you can move on to trading on a real account. The minimum deposit is a mere $10, and the trade entry threshold is only $1, so you can get started on the road to your goals without compromising your finances.
Deposit options may differ by region. Gcash, Coins.ph, bank cards, and transfers are popular payment methods in Binomo in the Philippines. However, PayPal is not one of them.
Apply coupons and other Binomo bonuses
You can achieve your dreams faster by using bonuses. Here are the types of rewards the platform offers:
- The welcome bonus. It is 25% that all Binomo users receive after registering for a free account and can use it when making their first deposit.
- The deposit bonuses. Even if only the minimum amount is added to the account, you can use them. Its type determines the size of the reward.
- Coupons or promo codes. You may receive them as part of the Binomo promotion or as a gift from your manager (you need to be a VIP client for the latter). According to the terms and conditions, a deposit bonus may be used with a coupon.
- No deposit bonuses. They include mailing to loyal clients with a reward of a certain amount credited to the account. Binomo VIP traders may receive free deposit insurance, and if their balance falls to zero, the platform will refund a portion of the investment.
- Risk-free trades. They are specified numbers of trades with a set amount for VIP status traders.
Note! Keep in mind that some bonuses may require you to complete a trading turnover, and you will be able to withdraw only when you fulfill this condition.
Furthermore, traders looking for information on how to withdraw money from Binomo should be aware that depending on the account type and payment method utilized, the procedure can take a few minutes to three days or more.
The minimum withdrawal on Binomo is $10. You may withdraw up to $3,000 per day, $10,000 per week, and $40,000 per month. Some payment systems may also establish limitations.
There is no commission associated with withdrawals on the platform. IQ Option vs. Binomo, for example, charges $31 for a wire transfer.
Use the Binomo app for trading anywhere
You do not have to pause your dreams because you can access the Binomo platform anytime, anywhere with internet access. The mobile app is available for free download from Google Play and the App Store.
Rather than hacking the app, you can get the APK version for Android from https://www.binomo.com/en/. Users should also be informed that there is no Binomo software for PC (both on Windows and Mac); to log in to the platform using your desktop computer or laptop, utilize the web page.
Stay vigilant on your trading journey
Binomo is a trading platform whose logo is recognized worldwide. The company offers all the necessary tools to make your dreams come true. Moreover, individuals looking for ways to get extra income can join the BinPartner affiliate program and get paid for referring new users to Binomo. However, keep in mind that trading is a high-risk activity, and you might lose your funds. That is why practice and training are really important.