Binomo is a revolutionary trading platform that allows anyone to trade currency pairs, equities, commodities, indices, and other assets online, to earn additional income. In this review, you’ll find all you need to know how to use the platform and other helpful tips about Binomo.
Binomo In India – Is it real or fake?
Binomo is as real as it gets. Understandably, you might be wary about the trading platform, given the prevalence of fraudulent companies on the net nowadays in India. However, you can rest assured that Binomo is not a scam.
The company is head office in Saint Vincent and the Grenadines and registered with all relevant industry regulators. All of this proves that Binomo is legit and not a fraud.
Regulation and Awards
Users often leave reviews about Binomo on Quora and thematic forums. You can even read some of the articles about trading on Wikipedia. However, you can find reliable information on the official website only.
Binomo is a category “A” member of the prestigious International Financial Commission, an independent regulatory agency dedicated to the online trading space. Also, it has been vetted and given the certificate by Verify My Trades, an independent auditor in the industry, that checks trading platforms’ processes for their fairness.
And finally, a broker has a few awards, including the IAIR in 2016 and the FE Award in 2015. This is direct proof that investing and trading on the Binomo platform is safe.
What is the Binomo App?
Taking cognizance of the fact that it is more convenient to use mobile apps than websites these days, Binomo developed a trading app. Using the app for iOS and Android, you can carry out your investment and trade as normal, and even receive real-time notifications.
Download for iOS and Android
The app is available for free download on Google Play and AppStore. And for Android users who, for some reason can’t download it from Google Play, the Binomo apk file for investment and trade is available for download here: https://binomo.com/en/promo/android. You don’t need to hack anything, this is the official software.
Download for PC
The Binomo app is not available for download on PCs. You can use the desktop version of Windows and Mac for trading.
Registration and Login
Before you can log into Binomo on PC or app, you first have to sign up, following the steps below:
- Visit the login page on https://binomo.com/
- Enter your email address, create a password.
- Select your preferred currency. Note that the account currency can’t be changed after registration.
- Accept the Binomo terms and conditions and create an account.
By the way, the system may request account verification. On Binomo, an automatic check is available and only takes a few minutes.
Trading education
Binomo provides a few tutorials for users, especially beginners, to get educated about the system. So, what kind of trader empowerment does Binomo offer?
Demo account
When you Sign In on www.binomo.com, you will automatically be granted access to a free demo account with $1,000 virtual trading capital, with which you can make live trades in real-time, without risking real funds, to learn the ropes of trading. Demo account holders can also take part in the Daily Free tournament. However, the contest is not available in the app.
Help Center
On the Binomo website, there is a Help Center with a series of FAQs that provide answers to any questions that you might have. And if you can’t find the answers you want, you can contact Binomo’s help desk via live chat or email support@binomo.com. Be sure that a real specialist, not a bot, will answer you.
Strategies
On the Binomo website, there is a list of strategies that you can apply in trading. These strategies have been patiently tested and curated by expert traders. However, you should know that no strategy 100% guarantees profits. We are not talking about winning some kind of a game, but about trading, in which you need to use analysis and strategies to make a correct forecast.
How to trade on Binomo?
If you are asking how to play Binomo, we will stop you immediately, because it is a trading platform where the traders use experience, skills, and analysis to get additional income. No signals or bots are used here as it violates platform policy.
So how does the Binomo platform work? The main instrument is a fixed-time trade. FTT allows you to earn up to 90% of the trade size with the correct forecast in a short period of time (from 1 to 60 minutes).
- Choose an asset.
- Type in the amount of funds you want to trade.
- Set the time period.
- Click on either the green or red buttons to forecast whether the chart will go up or down.
- If your forecast is correct after the time has passed, you will get a profit.
Deposit
You can deposit cash into your Binomo account using a wide variety of options. The most popular payment methods in India are NetBanking, UPI, PayTm, Indian exchanger, GlobePay, Paypal, etc. The minimum amount that you can deposit is $5. After the first deposit, a real account will be available to you.
Bonuses
There are three kinds of bonuses on Binomo:
- A welcome bonus of 25% that all users get after registering.
- Non-deposit bonus is automatically activated on your account during promotions (f.e., when you enter a promo code or use a coupon).
- A deposit bonus, the amount of which depends on the type of your account (Standard – up to 100%; Gold – up to 150%; VIP – up to 200%).
The receipt and use of any bonuses are subject to Binomo’s terms and conditions.
How to withdraw money from Binomo?
You can withdraw money using only any payment method that you have used to make a deposit at least once. Withdrawals take anywhere between minutes and 3 days, depending on your account type, and payment method. The minimum withdrawal amount is $10.
It does not charge any withdrawal fees. But IQ Option vs Binomo charges a $31 fee for wire transfer. However, you should consider the limits that your payment system can set.
Affiliate program
You can also participate in the BinPartner affiliate program, by convincing other users to start trading on Binomo. You will get up to 70% of revenue generated on each person you refer. For more information on the lucrative offer, visit the website binpartner.com.
Conclusion
We hope the review answered the question of whether Binomo is legal in India or not. It is a really fair and professional platform that is regulated by the IFС, not a scam. Its black and yellow logo is easily recognizable. The platform works through a website and app not only in English but also in Hindi. All this speaks of usability and safety.
However, bear in mind that trading is a risky endeavor. Learn strategies, training on a Binomo demo account, and increase your skills to mitigate these risks.
