5 tips on how to trade on Binomo efficiently

You’ll get the main tips for safe trading and convenient learning. Keep reading to get familiar with one of the most popular trading platforms – Binomo.

#1. Start small: log in and learn the terms

Let’s learn what’s the sign-up process to access an account:

1. Open a login page in English on the Binomo website or app.
2. Enter your email address and password or sign in via Facebook/Google.
3. Decide on a currency. It cannot be changed after registration.
4. Read and accept the regulations of the Client Agreement and Privacy Policy.
5. Select “Create account”.

Note! In case you wish to open a new account, check how to close a previous one because several accounts can’t be used on Binomo at the same time. For that, contact a manager in the app or use the web version of the platform.

Additionally, there is a BinPartner affiliate program where you also can register and refer traders to Binomo, as well as attract other partners and earn commissions from that.

#2. Use tutorials and a demo account for practice 

Beginner traders seeking training can do so on a Demo account and improve their understanding of what Binomo is and how does it work. It’s critically important to get experience until you invest real funds in trading. 

In addition, all users, including Demo account holders, can participate in the “Daily Free” tournament. For more information on Binomo and a better understanding of how it works, explore the tips and tutorials designed by the platform to provide new users with a trading education.

Some beginners may have questions like “How to play Binomo” because they think this is a kind of game, but trading totally isn’t. For any trade, even on a demo account, you need to analyze the charts and make forecasts based on your strategy.

Explore the Help Center

If you have any questions, visit the Binomo Help Center. This section is similar to Wikipedia for traders in that it contains answers to all FAQs. You can also contact the support agent via email or live chat/chatbot, where representatives are available 24/7 to solve any customer queries.

New users wish to understand how to make money on Binomo, but trading is always connected with risks, and nothing can guarantee that you get regular profit. So you should focus on learning to reduce risks and make correct forecasts.

Learn Strategies 

On Binomo, you’ll also find several helpful trading strategies that will help you to understand how to trade, but keep in mind that no “winning strategies” exist. No strategy guarantees a 100% result on trade, and only with practice, you’ll develop your own way of trading. 

Additionally, it’s very important to trade on your own, don’t trust sources providing signals for trading as they might be cheating.

Participate in tournaments

Binomo tournaments are occasional events where traders compete with each other. Some of the contests are free while some require a fee while signing up. As a rule, the goal of these events is to get the maximum income from trades in order to take a prize.

As mentioned before, Demo account holders can participate in the “Daily Free” tournament, which is not available in the mobile app though, until you make a minimum deposit.

#3. Trade non-stop on the mobile app 

On the Binomo platform, you can trade from a PC and through a mobile app. This empowers you because you can access the platform from anywhere with an internet connection. See how to get the app for Android and iOS.

The Binomo trading app for mobiles is available on Google Play and App Store. You’ll find its yellow logo in seconds after opening the app store. If you’re having difficulties installing a Binomo mobile app on your Android device, don’t hack it; instead, download the free APK file from this link to invest and trade anywhere, anytime https://binomo.com/en/promo/android.

No Binomo app is available for PC (both Windows and Mac OS). Traders who want to access the platform on a personal computer, on the other hand, can use the web version to log in through their browsers on desktops. Some trading platforms like IQ Option vs. Binomo provide such software, and you can decide whether you need it or is it enough for you to trade through a browser/mobile app.

#4. Invest and withdraw funds safely

Let’s see how to invest money in Binomo. After creating an account, get familiar with deposit options available on the platform to make the first investment. The popular methods among traders in South Africa are VISA, MasterCard, Advcash, Skrill, except for PayPal. You need to visit the Cashier section, determine the amount, and it will be transferred to your Binomo deposit immediately.

One of the attractive features is the bonus system that allows new users to get a 25% welcome bonus after registering a free demo account. Other variants are deposit and no-deposit bonuses that are given according to the terms and conditions. As a special offer, you can get a bonus code or coupon that will increase your deposit amount. 

Traders who would like to know how to withdraw money from Binomo should be aware that you can only withdraw funds using one of the methods of payment you used to deposit. The minimum withdrawal amount on the platform is $10 and the process can vary from a few minutes to three days or more, depending on the type of account and payment system used.

Note that Binomo has withdrawal limits of up to $3,000 per day, up to $10,000 per week, up to $40,000 per month. 

Account verification may be requested when withdrawing funds. It used to take a long time, but now through the automatic verification system on Binomo, it takes a few minutes (vs. IQ Option where it takes more time).

#5. Remember about the trading risks 

Risks are inevitable in the trading world. First, you need to be sure that you use a secure and reliable platform.

If you’re wondering whether it’s legal or illegal, Binomo is a trustworthy trading platform, not a scam or fake. It has many traders in each country of operation from various parts across the globe, including South Africa.

The International Financial Commission (IFC) regulates and identifies Binomo as a member in category “A”. In addition, Binomo was audited by Verify My Trade (VMT), a specialized service that authenticates the quality and standard of the trade execution of the company. As a result, Binomo has a certificate of quality of trades which attests that it offers high-quality trading services. Head to their website and find the office address, contact details, and all other information about the company if you need it.

To form your own opinion about whether the platform is safe or not, find reviews on the net. There are sites like Quora or forums for traders and brokers, proving that the platform is not a fraud or scam and discussing its legitimacy.

Still, even when you understand that you have chosen a reliable platform, you should understand which risks you take. For this purpose, read the Client Agreement attentively, and accept it only if you agree with it.

• For example, the Agreement states that clients should analyze their financial capabilities. This means that you should be aware of possible losses, and make sure you are ready for trading with real funds. 
• Besides that, users shouldn’t fully rely on recommendations given by the platform because nothing can guarantee a successful trade. They should forecast by using various tools along with their own strategy.
• Traders should understand the risk of losses in case of troubles with computer equipment, unstable internet connection, etc.

Only after reading all these important points, make a decision of joining a trading platform. If you’re not sure about trading with real funds, you can always practice on a demo account with virtual amounts.

Try trading on the Binomo platform

With this review, we conclude that Binomo is not a fraud or fake but a real and reliable platform providing various educational opportunities to all who want to learn and practice trading. It provides a really valuable app to trade anywhere. The platform offers a variety of market analysis tools, even on a free Demo account. 

Every user needs to understand that trading on any platform is risky, and anyone could lose all investments in case of the wrong forecast or in other cases mentioned in the Client Agreement of the Binomo company. This is the reason to train yourself, strengthen your skills and get experience until you make a real deposit.