Binomo is one of the most trusted and reliable online trading platforms in South Africa. For example, when you compare Binomo with other trading platforms (Olymp trade vs Binomo). So we prepared a credible Binomo review for interested traders to help you conclude if Binomo is real or fake. The Dolphin Corp Company established the Binomo platform in 2014. Their headquarters are situated in the First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent, and the Grenadines. However, all their services can be accessed via the website binomo.com and its mobile app. 
What is Binomo and is it safe?
Binomo is a client-focused company that delivers great possibilities in the market of online trading technologies. It provides high-quality trading services to its clients at the same standard as the European trading platforms. Binomo is a world-class trading platform that consistently offers one of the best client services and support, with analytical information such as charts and data, and educational tutorials. The company has amassed numerous traders from various parts of the world including South Africa. You need to sign up, learn, practice before you commence trading on Binomo via either the website or mobile app.
Is Binomo legal in South Africa?
Binomo is a legit and safe trading partner. Binomo is not a scam or fraud because the International Financial Commission regulates and recognizes Binomo as a category ” A” member. If you have any grievances about their services, Binomo support is readily available to attend to you immediately. Binomo was audited by Verify My Trade (VMT) which is a specialized service that certifies the quality of a company’s trade execution. After the auditing process was completed, Binomo got a Certificate of quality of trades. It testifies to the fact that Binomo delivers high-quality trade services always. 
How to use Binomo?
Trading becomes even greater when you start getting extra income through it. The big question then is how can you use Binomo to trade? Firstly, take your time to comprehend how it works. Don’t try trading without acquiring sound knowledge about how it works. When you want to start trading, confirm the account type selected that that’s what you want. whenever you are about to trade. You can switch to the Real account at the top right corner of the Binomo homepage, just above the chart. Pick your preferred asset, either USD/EUR. Set the amount and time for your trade. But you need to carry out an adequate analysis of the price movement on the trading chart to get your forecast. If you believe that the price will rise from your analysis, click the green button. But if you consider that it will go down, click the red button. After that you need to wait patiently for the trade to be completed and then check if your forecast is correct. If it’s accurate, your amount will be deposited in your account immediately.
Sign in and Login
Before you can begin your trading experience on Binomo, you need to register. Sign up for an account on website binomo.com or mobile app. Visit the homepage where you will find a Login button at the top right corner for registration. Click on the Login button which will display the Signup page. Submit your details on the Signup page. Make sure that the information you submit is accurate. Read through and accept the Terms and Conditions for the Client Agreement and Privacy Policy. Click on the button that reads, “Create an account” and that completes the registration. You will get a confirmation mail that has a link to approve your account. It is imperative to take this step and once you have done that, you can begin trading on Binomo.
Account types
Binomo has various types of trading accounts on Binomo. You can use any of them as you wish. The Demo account is the easiest one to access as it’s free to use. The Demo account offers you a virtual $1000 for practice (free deposit). Binomo replenishes it when you exhaust it on demo trading without losing your real funds. Use this account for practicing all that you’ve learned, the strategies and ideas before real trading. Other account types on Binomo include Standard, Gold, and VIP accounts.
You can read more about the benefits of each account type via this link: https://binomo.com/information/pricing.
Minimum deposit
The minimum deposit on Binomo is $10 or it’s equivalent in South Africa currency. You can only withdraw to the bank card or e-wallet used to deposit into your Binomo account. To open a Gold or VIP account, you will need an accumulative deposit. In the first case, you need a total of $500, in the second case, you need a total of $1,000.
Withdraw funds and Limit
The minimum withdrawal is $10, or it’s equivalent. There are different means of withdrawal available on the platform. Withdrawal time depends on your payment method and Binomo account. So, withdrawals are made within 3 days for a Standard account, within 24 hours for a Gold account and within 4 hours for a VIP account. But in some cases, this time can be increased. Also, you should be aware of some limitations that you might experience based on your payment method. Binomo also sets a withdrawal limit. You cannot withdraw funds from Binomo: more than $3k per day, more than $10k per week and more than $40k per month.
Tutorial
Education is important for trading. Binomo has provided free educational resources on its website. You can access all these Binomo tutorials, resources, tournaments, and analytical data. Maximize these resources to improve your trading skills.
Strategies
To understand how does Binomo really works, you need to learn strategies. They are available in a special section on the website. They are conveniently divided into categories for beginner traders and professionals.
FAQ
You can find answers to frequently asked questions, how to invest in Binomo, how to trade and etc, in the Help Center section.
Tournaments
Another way to earn extra income on Binomo and test your trading skills is through tournaments. Tournaments are held every day, week or month (depending on the type). You just need to pay to participate. However, there is also a free tournament that demo account holders can take part in. 
Bonuses
You can benefit from various bonuses on Binomo. You can get any of these bonuses by doing any of these:
- inputting a bonus code;
- deposit funds in your account: Standard – up to 100%; Gold – up to 150%, VIP – up to 200%;
- activating a no-deposit bonus.
You can receive no-deposit bonuses as one of their clients through your personal manager, for either your Gold and VIP accounts (on some offers), or with regards to company promotions.
Download app
Binomo is not only available for PC. It has a mobile trading app for more convenient trading. Download the Binomo trading app on your device, either an Android or iOS smartphone. Download binomo app, if the app doesn’t want to be installed on Android. The file can be found at this link: https://binomo.com/en/promo/android.
Real reviews
Amir Ali: “I started trading on Binomo last month, and I’ve learned a lot to help me trade better. It wasn’t a question of whether real or fake for me but rather how smooth the deals are.” Rahul Sifat: “I know the absolute difference between trading platforms, and I can confidently tell you that Binomo stands out amidst them. It is safe and reliable.” Ramit Nicholson: “Binomo is known for its reputation and how their customer service is so great. I’m glad I decided to trade on this platform!”
Conclusion
Trading on Binomo becomes interesting when you get it right by learning and trading like an expert. But you should know that there are risks involved with trading like this. If you give a wrong forecast from your trading chart analysis, you put yourself at risk of losing out of your deposit. Put this in mind as you start your trading experience on Binomo. You can learn more about Binomo from this official video: https://youtu.be/pYfw2QXWDXs
