Learn in the review how to use the Binomo platform to trade, how the company helps to gain knowledge in trading by using its tools and tips and figure out why it is legal in Pakistan and doesn’t have any relation to fraud or scam.
Briefly about what Binomo is
Binomo is an online trading platform founded in 2014. The company provides various opportunities for trading and allows to earn extra profit on shifts in currencies and other assets.
It has many benefits allowing traders not only to invest and trade but also learn and practice. You can participate in tournaments, learn strategies or use a Demo account for getting first practice in trades if you aren’t an experienced user. In any case, you’ll find anything you need to trade on Binomo conveniently.
Binomo is regulated by the International Financial Commission and has also been awarded a certificate of quality of trades by Verify My Trade which is proof of the platform’s dedication to provide quality service. In addition, it received the FE Award in 2015 and the IAIR Award in 2016 for excellence in global finance and markets.
Traders can check the address of the platforms’ office on https://www binomo.com to ensure the company is registered. So, you don’t need to have doubts whether it is real or fake, it’s a trusted and certified platform that has gained many positive traders’ reviews on the net.
Registration and Login
For a hassle-free sign up process, choose on the Binomo login page English or any other familiar language and follow the tutorial:
Head to the www.binomo.com website.
Type in email and password.
Choose a currency to trade. You can’t change it after registration.
Read and accept the Client Agreement.
Click on “Create account”.
Confirm your email address.
To sign in, use your email address and the password created.
Note! To create another account, make sure you learn how to close the old one as creating multiple accounts is prohibited.
Tutorials and trading tips
Binomo offers educational materials and tutorials with tips to help traders figure out how to use the platform for training. Beginners ask how to make money on the platform, but users can’t do that here. Instead, they have an opportunity to get extra profit, trade and study.
For further information, head to the FAQ section on Binomo website which is similar to Wikipedia containing all about trading on the platform, or contact the support team through email/ live chat. Check the company’s LinkedIn to follow the news, it will also help you to get informed about the latest updates.
For your convenience there are trading strategies provided on the website. However, no strategy guarantees a 100% result of a trade. Traders ask what’s the winning strategy. But they need to understand that Binomo is not a game – it is a platform that requires expertise and in-depth analysis of the market.
Note! The use of signals and bots is against Binomo regulations.
Demo account allows traders to develop skills with unlimited virtual funds until they get an idea of what Binomo broker is. How does it work? After registration and login you get the Demo account with virtual $1000 that you can use for practicing until you get familiar with the platform and learn how to use the tools.
Once you understand how everything works on Binomo and get empowerment for trading with real funds, you can make a first deposit and switch to a Standard/Gold/VIP account.
Deposit and bonuses
Investment on Binomo platform is possible through various payment methods that vary from country to country. In Pakistan, a deposit can be made through payment options like JazzCash, EasyPaisa, CashMaal, and Perfect Money. However, some of them, like PayPal, are not available. Check the proof that your payment is delivered in the Cashier section.
For safety reasons, Binomo may request an ID of the account holder to verify identity. Before, it usually took some time, but now the automatic service has made verification very easy as it only takes a few minutes.
Binomo offers three types of bonuses called the Welcome bonus 25% (available after creating a free account), Non-deposit and Deposit bonuses. For detailed information on bonus codes or coupons (f.e. 100% to deposit) you can visit the terms and conditions section of the website.
Trading on Binomo.com
How to play on Binomo? In fact, you can’t do it because it is not a game. You can use this platform for learning, investing and trading.
Binomo uses fixed-time traders (FTT) – it allows you to get up to 90% profit on trade in the case of the correct forecast. To start, follow the steps mentioned below:
Login to your account on the web or through a mobile app.
Choose an asset of your preference.
Enter the number of funds you wish to trade by clicking on “Deposit”.
Set the time that you wish the trade to run for.
Click on the “UP” button if you think the chart will go up and on “DOWN” if you think it will go down. If your forecast is correct – you get extra profit, if not – your funds won’t be returned.
Note! Binomo doesn’t act as a tax agent. The payment of income tax can be done by yourself according to the legislative norms of your country.
How to withdraw money from Binomo?
Let’s figure out how to withdraw cash from Binomo. As per security policy, withdrawal is only possible through the same payment systems that were used to deposit.
The minimum withdrawal and also the minimum deposit amount is $10. Additionally, the platform does not charge any withdrawal fee vs IQ option where traders have to pay $31 for each bank transfer.
Binomo has withdrawal limits :
up to $ 3,000 per day;
up to $ 10,000 per week;
up to $ 40,000 per month.
Also, there can be withdrawal limits depending on the chosen payment system.
Note! Withdrawal takes from a few minutes to three days or more depending on the type of account and the chosen payment method.
Download the Binomo mobile app
For Android users, the mobile app can be download from Google Play whereas iOS users can download it from the Apple Store and start investing and trading on the go. Just search for the yellow Binomo logo and login once you download the app. Check traders’ reviews on forums and app stores to make sure that the app is really convenient and safe in Pakistan as well as the website.
There is advice for Android users who might be facing issues with app installation: no need to hack, just download the free Apk file at the link: https://binomo.com/en/promo/android.
As of yet, Binomo offers a trading platform for smartphone and tablet users and there is no app or any software for PCs (neither on Windows nor on Mac). Instead, you can login through the desktop version of the website.
The Binpartner affiliate program provides a great opportunity to become a partner and earn extra funds by referring traders to Binomo. It offers up to 70% of revenue from every attracted client by using a variety of advertising tools and promo materials.
Is Binomo safe or not in the end?
We can consider that Binomo is a safe and legit trading platform that provides exceptional features such as tournaments, a Demo account for training, and educational materials. However, it is crucial to understand that trade is risky and you can lose the funds invested.