Before starting to trade, I wanted to get some tips from an experienced trader; and I asked my friend who is a real Binomist. If you have not heard anything about them and the Binomo trading platform, you will find all the answers below.
Who are the Binomists?
Anyone can be a Binomists: your friend, colleague, or neighbor. They are united by one thing – it is the desire to achieve their goals in trading. Binomists are not lazy and do not rely on chance. They use every opportunity to improve trading skills: learn new strategies, practice on a demo account and participate in tournaments. Binomists understand that this path will help them achieve results in trading, and they share their knowledge with others. So I turned to one of them for answers.
What’s Binomo, and how does it really work? Is it safe or not?
Binomo is an international platform whose logo is widely known in India. It can be called legit, not a scam. The broker is regulated by IFC, has a certificate from VMT, and awards. It works in 13 languages including Hindi and English.
All info about the company is on the website including the address of the head office and email to contact support. You can also use a chatbot or the Help Center (FAQ section, analog of Wikipedia).
Is it difficult to become a client of Binomo? What are the features of registration?
Sign-up has two ways. On any page of Binomo, click the “Sign in”. Enter email and create a password or login to your Facebook/Google account. Carefully select the currency since you can’t change it. Before agreeing to the Client Agreement and Privacy Policy, read them so as not to violate the rules.
In some cases, the platform may request verification. You don’t need to wait days for your account to be checked, as Binomo (vs IQ option) has automatic verification.
I’m not always on the PC, and I want to trade anywhere. Is there a Binomo app?
To invest cash in Binomo and trade anywhere, download a free mobile app from Google Play or App Store. If you have issues, don’t hack, install the APK for Android from the official website.
Note! There is no Binomo trading app for PC as it doesn’t work on Windows and Mac software. You can log into the web from the desktop.
I’m not ready to make a deposit at once after registration. Is it possible first to test how the platform works?
Yes, you don’t need to make payment to begin. The Binomo demo account is an option to increase skills with virtual funds. Before investments, you can also contest in the “Daily Free” tournament.
Using educational tutorials is vital for there is no 100% winning strategy. Remember trading is not a game that you learn how to play. Binomo doesn’t provide signals.
I would like to learn more about trading. Can you give me instructions?
The mechanism that Binomo offers is known as the Fixed Time Trades. You need to pick an asset, the amount, and time, then forecast if the chart will go UP or DOWN. When the trade closes, you will get a profit if your forecast is correct.
Let’s say I made a profit. How to withdraw this money from Binomo?
When you know how to use Binomo and trade on it, you can make a first deposit (minimum $5). To increase it, use a 25% bonus within 30 minutes after registration. The size of the free gift for the next deposits ranges from 100 to 200%, depending on the type of account. You can also get a no-deposit bonus including a coupon or code. The detailed terms and conditions for the use are in the Client Agreement.
The minimum money to withdraw from Binomo is $10. The methods you chose for the deposit will be used for withdrawals. The options for India are PhonePe, PayTM, GlobePay (PayPal isn’t available). The final withdrawal time depends on the payment method.
Opinions on the net leave a mixed impression. Can you comment on negative reviews?
Negative reviews about the platform mostly come from traders who want to get fast profit. They think about how to make money on www.binomo.com instead of practicing.
If you are in doubt, is Binomo legal in India? The proof will be positive reviews on forums such as Quora. They help to understand if the platform is safe, or scam and fake.
In general about Binomo
After talking with my friend and checking Binomo regulation, I decided for myself if it’s fraud or not. Joining the Binomists’ community, don’t forget about training on a demo account to reduce the risk of losing funds. And if you’re not ready to trade, try the affiliate program BinPartner.