What is Binomo?
To clarify doubts about whether the platform is real or fake, look for reviews on the internet.
Why millions of traders trust Binomo
The article discusses international regulation and the legitimacy of the Binomo trading website/app, including all necessary information about how it works. Continue reading to find user reviews and descriptions of the platform features: fast verification, free demo account and tutorials, bonuses, and a user-friendly mobile app.
Binomo isn’t a scam but a reliable platform
We can’t say whether the platform is halal or haram. However, trading isn‘t a game. Are you wondering if Binomo is illegal? It has been used in over 130 countries, including South Africa, Qatar, and Saudi Arabia. Another proof the company is legal in South Africa is that it’s regulated by the Financial Commission. It also holds a certificate of trade quality and international awards, such as the FE Award in 2015 and the IAIR Award in 2016. To clarify doubts about whether the platform is real or fake, look for reviews on the net. You can see the positive feedback from brokers on forums. Head to the website to confirm whether Binomo is a scam or not. You can get contact information and the address of the head office there.
Positive reviews
Many clients are satisfied with the platform. On YouTube, you can see the following comments:
Shubham: “Everyone should try trading on Binomo since you can earn additional funds once you gain knowledge and experience”.
Aman: “Binomo is available on Android and iOS, and mechanics of the platform are really simple”.
Akash Kundur: “Trading on Binomo after proper analysis can be very profitable. But take your time and be aware of the risks”.
Fast registration and verification
Binomo enables you to sign up in two ways: via email or Facebook/Google. You can log in to the platform in English or other 12 languages:
- Open the Binomo login page.
- Enter an email address and password.
- Select account currency (After registration on Binomo, it cannot be changed).
- Read and agree to the terms of the Client Agreement and Privacy Policy.
- Click “Create account”.
If you have previously used the platform, you should learn how to close an old Binomo account before creating a new one, as having multiple accounts is against the guidelines. Because of the automatic procedure, account verification on Binomo has become much faster, taking only a few minutes now (vs. IQ Option).
Free tutorials and training for newbies
You don’t need to deposit right away if you are new to trading. The first step is to answer the question of what is Binomo and how does it work by getting training with free tutorials so that you don’t lose all of your investment due to the lack of trading education.
A Demo account
A demo account enables users to learn how to use Binomo. After the first login, you can practice with unlimited virtual funds in a safe environment. All users, including demo account holders, can contest a free tournament called “Daily Free”. If you have any questions, head to the Help Center. It’s an FAQ section, which is like Wikipedia for traders. You can also contact the chatbot or support agent. However, traders should refrain from asking questions like how to make money on Binomo as it’s not a platform for fast income but learning and trading. The company doesn’t provide signals and tips. If you ask How to play on Binomo, you must know that it’s not about winning; it’s about trading, which demands practice, own strategy, and in-depth market analysis. Remember, no trading strategy can ensure a 100% result. Try to develop your pricing forecasting technics. Read on to learn how to invest in Binomo and trade on it.
Clear trading mechanics
The platform uses Fixed Time Trades (FTT), which allow you to earn extra income in just a minute. Step-by-step guide on how to open a trade:
- Choose an asset;
- Enter the investment amount (from 1$) and closing time (1-60 mins);
- Forecast if the chart will go UP or DOWN.
If your forecast is correct, additional income will be credited to the account.
Safe investment and withdrawal
The minimum deposit and withdrawal amount on Binomo is only $10. The most common payment methods in South Africa are VISA, MasterCard, Perfect Money, Advcash, Skrill, etc. (The platform doesn’t work with PayPal). For those wondering how to withdraw money from Binomo, note that, for security reasons, you can only withdraw using one of the payment options you chose to deposit. Depending on the account type and payment system, withdrawing can take from a few minutes to three days after the request. There is no commission when withdrawing. E.g., IQ Option vs. Binomo charges a commission of $31 for wire transfer. The platform allows traders to withdraw up to $3,000 per day, $10,000 per week, and $40,000 per month. Some payment systems may also implement withdrawal limits.
Several types of bonuses
Binomo offers to increase the amount of your investment, as well as other types of gifts:
- The welcome bonus is a 25% gift that Binomo offers to the first deposit after signing up for a free account.
- The deposit bonus. Even if only a tiny amount is added, a deposit bonus is available. The type of account determines the gift amount.
- A free bonus coupon or code you may receive as a part of the Binomo promotion or from your personal manager (as a VIP client).
- The no-deposit bonus includes mailing a coupon with a certain amount and investment insurance for VIP account holders. Insurance means if the balance falls to zero, the Binomo company will return a percentage of investments.
- Risk-free trades are a fixed number of trades with a preset investment amount. VIP users are frequently offered risk-free trades by their personal managers.
Note! According to the Binomo terms and conditions, part of the rewards includes a trading turnover, which means you can withdraw the bonus only after it has been completed.
Handy mobile app
Binomo offers empowerment to invest and trade on the go. Besides PC, you can access the platform from a mobile device. The yellow logo app is free to download from Google Play and the App Store. Users who are having a tough time installing the trading app for Android shouldn’t hack but instead download the APK version from https://www.binomo.com/en/. There is no software for PC (Windows or Mac OS) because the Binomo app is only accessible for smartphones and tablets. Traders who want to access the platform from their PCs have the option to use the web version to log in using browsers on their desktops.
Trust Binomo and start your trading journey today
The question of what’s Binomo is resolved. Now that you know its advantages, you can trust the platform and start trading. But remember that no matter if Binomo is safe or fraud, there is the possibility of losing your deposit. To minimize this risk, use tutorials and a demo account. If you’re not ready to trade, sign up in the Binpartner affiliate program to get extra funds by recommending Binomo to new users.
