In this review, we will explain what is Binomo and how does it work on trading on Binomo. We’ll also go over the platform’s regulations and features, such as bonuses, fast verification, free training, indicators, strategies, a demo account, as well as the ability to trade on the site and in the app.
Table of Contents
Make sure the Binomo platform is safe
With the rise of scam websites, the primary criterion for many traders in Pakistan is the company’s transparency, which should be checked before trading. Binomo, for example, is a secure app and website that is regulated by the International Financial Commission.
Still, have doubts about whether the platform is a scam or not? In 2015, the platform received the FE Award, and in 2016, the IAIR Award for excellence in global markets. Binomo also acquired a Verify My Trade certificate of trade quality.
Before making payment, if you want to be 100% sure whether the platform is real or fake, you can search for further legitimacy proof on the net for reviews on reputable forums for traders or platforms like Linkedin. Head to the Binomo website to find additional information that excludes fraud, such as the office address.
Note! Before starting to trade on a demo account, you can head to the Binomo login page and choose English or any of the 13 languages.
Pay attention to the Binomo terms when registering
Before signing up on Binomo, it is really important to go through the Client Agreement and Privacy Policy, as breaking platform regulations can result in account suspension. For example, choose your currency wisely because it cannot be changed afterwards; to do so, the user would have to figure out how to close their existing Binomo account and open a new one. (Dayvigo)
A company may often request documents establishing the account holder’s identity. This used to take a long time. However, automated verification on Binomo currently takes only a few minutes (vs. IQ Option).
Note! You can also register on the BinPartner affiliate program to get extra profit by recommending Binomo to other traders.
Don’t neglect free training on a demo account
Even individuals who have previously traded must go through training when they initially use a new platform. Binomo provides video instructions, an Economic Calendar, and numerous more elements for trading education. The platform also offers tournaments, tips, and tutorials to help beginners learn how it works.
Explore indicators and strategies
Indicators can be helpful in chart analysis, but they should only be employed within the context of a particular strategy. Additionally, strategies should not be considered as a guide to action; instead, they should be implemented only after a thorough market study, as no single trading strategy can be winning on its own. Moreover, users asking How to play on Binomo must know that it is not a game; it’s about trading, which requires practice, techniques, and in-depth market analysis.
Practice on a demo account
You can also get a demo account and start learning how to use Binomo for free with unlimited virtual funds in a safe environment. There is also a free ?Daily Free? tournament to help you learn and evaluate your progress while competing against more experienced traders.
Suppose you have any further questions concerning what?s the free account is all about. In that case, you may visit the Help Center, which is similar to Wikipedia for traders and contains responses to FAQs, or you can contact a chatbot Cody or an agent to clear any queries.
However, do not inquire about how to make money on Binomo. You will not be able to do it here, but you can trade and study on the platform. Furthermore, the broker does not offer its clients signals. Binomo prefers that traders use their own knowledge when trading.
Start trading with a small investment?
Making investments and withdrawals on the platform is simple for beginners because the minimum deposit and withdrawal amount are only $10. You can invest in Binomo and start to trade without hurting your wallet. The trade entry threshold is only $1.
Furthermore, popular payment methods on the Binomoapp/website in Pakistan include JazzCash, EasyPaisa, CashMaal, Perfect Money, Skrill, and others except for Paypal.?
Are you wondering how to withdraw money from Binomo? Users can get cash from Binomo through only one of the methods used to make the deposit. You can withdraw up to $3,000 per day, $10,000 per week, and $40,000 per month. It is important to note that some payment systems establish withdrawal limits.
Furthermore, the platform does not charge a fee for deposits and withdrawals. For example, IQ option vs. Binomo charges a $31 wire transfer commission.
Use bonuses to increase your deposit
Binomo offers the following gifts to its users:
- The welcome bonus is a 25% bonus offered by Binomo to all users after the free account registration and before the first deposit is made. It is only active for 30 minutes.
- The deposit bonus is accessible even if the account is replenished with a small sum. The type of Binomo account determines the deposit bonus amount. The higher its size, the more bonuses you will receive.?
- As per the terms and conditions of using bonuses, you can get a coupon or code as part of the Binomo promotion or as a reward from your personal manager (only for VIP clients). Deposit bonuses might also include a bonus coupon (code).
- The no-deposit bonus is another way for Binomo to give back to its users. These include insurance (for VIP account holders), mailing to the platform’s regular clients with a certain amount credited to the account as a reward, and so on. Deposit insurance is provided for free to Binomo VIP traders. If your balance falls to zero, you will be returned a percentage of your investments. The amount of remuneration is proportional to the size of your deposit.
- Risk-free trades. A fixed number of trades with a preset investment amount. VIP status users are frequently offered this benefit by their personal managers.
Note that before you activate any bonus, some rewards may have a required trading turnover, which you will be able to withdraw after you have completed it.
Don?t forget about the app
You can download the Binomo from Google Play and App Store and trade through a free mobile app. This is a source of empowerment for you as you can use the platform anywhere, anytime.
If you are having trouble installing the yellow logo app? Instead of hacking, get the APK version for Android from https://binomo-pk.com/c3s
Note! Interested users should know that no Binomo software is available for PC; to access the platform from Windows or Mac, utilize the web version to sign in through your browser on a desktop.
Be prudent on your trading journey on Binomo
Binomo is a valued platform that prioritizes client support and service by going above and beyond to make the trading experience as straightforward as possible for them. However, keep in mind that trading involves financial risks that can only be avoided via practice and training.
