The Binomo trading platform is a good way to start online trading and investing. Thanks to the Binomo website or app, you can get additional income by trading currencies, commodities, and other assets, if your forecast is correct. In this broker review let’s look at what Binomo investment and trading is all about.
What is Binomo in South Africa?
First, if you hear a question: “What is the Binomo trade platform?” You’re to remember some tips, that Binomo is not a scam, it’s a platform to invest and trade, but not to play. Here you can earn additional income by improving your trading skills.
Binomo is one of the most legit online trading sites in South Africa. By working systematically on the demo account and learning the strategies thoroughly, you may increase your income day by day. Because investments on Binomo are real and further we’ll answer the question: “How does the website and app work?”.
Download the Binomo app
When you download the Binomo app to your mobile phone or tablet, you can continue trading wherever you are. The Binomo app is available for those who use iOS or Android devices in South Africa. Below you can see how to download and login to both operating systems.
For iOs
For iOS users, the Binomo app is available on the App Store. You can download the Binomo trading app on your devices and start using it as you download any other application.
For Android
If you are using Android devices, you can download the Binomo mobile app from Google Play to your tablet or phone. If it’s difficult to get the app from Play Store, you don’t need to hack anything – just download the Binomo apk from this link: https://binomo.com/en/promo/android
For PC
Unfortunately, it is not possible to download the Binomo trading app for PC. However, you can use the Binomo desktop version on your computer. As an option, we mentioned before, you can download the Binomo trading app for the phone or tablet.
How to use Binomo?
You will have a demo account after signing up. You can have a real online trading experience without any fakes and understand how Binomo works without the risk of losing funds when you login to the demo account. 1000$ (virtual) is deposited to the demo account by Binomo and this money can be used for educational and practical purposes. Traders can participate in Binomo tournaments.There are free tournaments (f.e. Daily Free), as well as paid ones with various prizes found in each.
Sign up and Login
Both the Binomo website and app are user-friendly so people of all ages can easily sign up and log in.
- When use a pc and go to www.binomo.com
- On the front page select preferable language, f.e. English, click “Login”
- Choose a Facebook/Google account or write your email address.
- Set a password.
- Select the currency you want to trade on Binomo. You cannot change it after you’ve created your account and logged in.
- Read thoroughly and accept the Customer Agreement and Privacy Policy.
- Click “Create account”.
Account types
Binomo has different account types for all kinds of customers, from beginners to professional traders. Each account has different opportunities and conditions. There is a demo account and 3 more real account types: Standard, Gold and VIP.
Free tutorials
The aim of the free demo account is to teach new users how to use the Binomo trading platform. It offers strategies and educational content as a tutorial. While practicing you see that Binomo is not a scam or that investing and trading are real here.
Before you start you may also want to check Binomo trading strategies. These strategies are for you to learn how to trade on Binomo. But remember that no strategy can guarantee success. You can get answers to your questions (f.e. on how to close the account if needed) in the Help center (FAQs) using the chat or by email.
Deposit and Bonuses
Binomo deposit methods may depend on the country you are in. E-wallets, bank cards and bank transfers are some of the options for depositing on Binomo. In South Africa are VISA, MasterCard, Advcash, Skrill, etc. Binomo’s minimum deposit amount is 10$.
Also, there are Binomo bonuses:
- when depositing funds, including when using a bonus coupon;
- upon the activation of a no-deposit bonus.
No-deposit bonuses are provided:
- on company promotions (free codes);
- by a personal manager to VIP members (as individual offers).
Read more about the Bonus terms in clause 8 of the Client Agreement.
How to withdraw money from Binomo?
This review is to know how to withdraw money from Binomo, you need to go to www.binomo.com and fill out the special withdrawal form. The process is safe: you proof the amount you want to withdraw, your payment information and why you want to withdraw money. There are different Binomo withdrawal methods on the platform, but remember to use the same payment method for each withdrawal and deposit.
Binomo withdrawal time changes from a few minutes to 3 days+, depending on the type of account and the chosen payment system. According to Binomo Withdrawal Policy, the limit is:
- up to 3000$ per day;
- up to 10000$ per week;
- up to 40000$ per month.
Minimum withdrawal amount is 10$.
Binomo is not a scam
The answer is no, Binomo provides legal services in 130+ countries including South Africa. Is Binomo safe? Yes, the company has been a member (A Category) of the International Finance Commission since 2018.
Binomo ensures that trading and investing are legit here and not a scam. In addition, it has passed the Verify My Trade audit and received a quality certificate vs IQ Option. The company has several awards like IAIR awards or FE Awards for being a qualified broker.
Reviews
Reviews in English as well in other languages about binomo.com you can read not only on the Quora, but also on YouTube:
Shekhar B.: “Binomo takes some time for trade, otherwise it’s good”.
Taabeer A.: “Binomo is a 5-star rating for me. Excellent app”.
Sachin K.: “Binomo is better than other platforms, I can say that. I really like it”.
Rohit R.: “I’m satisfied with the app, no issues on Binomo”.
Nitish V.: “There are many investors who want to invest, go for Binomo”.
Affiliate
You may not only trade on the platform, but also participate in the program BinPartner. The affiliate program allows to attract traders to the Binomo platform and get an additional profit based on their trading activity. You can promote your link on investment forums, YouTube channels, blogs, or social media platforms.
Conclusion
The review shows that Binomo is a reliable online trading platform that has gained popularity since 2018. After signing www.binomo.com up, make sure you have enough practice on the demo account and familiarize yourself with the rules of the site before you start real trading. There are no strategies or offers on Binomo that guarantees you a 100% win as a result of your trades. All traders are to earn extra funds by Binomo trading education, mastering strategies and improving themselves. Do not forget that, in trading there is always a risk of losing some or all of your funds.
