What is Binomo and how to trade on this platform?

There are several platforms where one can get engaged in online trading. These platforms offer high ROI, because of which the alliance businesses truth them and invest a lot. Binomo is one such online commercial trading platform. This company was established in 2014, and since then it is providing reliable and legal trading offers all across the world. 

The major purpose of the Binomo website and application is to provide an available trading option to traders, including Indian. Because of their hard work and dedication, Binomo has become a category “A” member of The Financial Commission.

What is Binomo trading?

To understand what Binomo is, you first have to understand what online trading is. As per the financial and economic scopes, the assets trading refers to the type of business where the trader makes some investment based on analysis and forecast. This investment will give him two major options – either he can get an additional income from the trading (if the forecast is correct) or will lose part of the deposit (if the forecast is incorrect). 

Now, coming to the main concept of Binomo trading, it is an online platform that has been built in a way so as to provide the traders with better and much credible assets trading offers. Initially, when the company came into existence and started offering assets trade, which was actually not a very good choice.

That is why the Binomo company transferred all its work to a new platform which is gaining much popularity in the present day. This particular platform offers quite a simple and functional user interface because of which Binomo trade has now become more reliable and understandable. 

 Is it legal in India?

Often traders ask is Binomo real or fake. The answer to this question starts with the legality of the platform.  

To answer your question of Is Binomo legal in India, we can only say one thing – the company has gained a member of Category A and is registered under IFC or the International Finance Commission. Also, the Binomo review says that this company underwent an audit by Verify My Trade and received a certificate of quality of trades

This means that you can trade freely and do not be afraid of your funds. If you still think Binomo is a scam, take a look above. Also, to be sure, you can use the Binomo demo account for practice.

Login and sign in

When you visit the official website https://binomo.com/, you will have two options – either you can register or you can sign in to the Binomo trading platform using Facebook or Google account. 

For signing in, you will have to fill up the necessary process which involves registering yourself as a new user, setting your email and password, and fulfilling all other sign-up levels. Once you will sign in successfully, you can move to Binomo login. 

Once you are done with the registration, you will receive an email on your registered email. ?lick on the link in this mail to verify and activate your account. 

Account Types

For Binomo invest trade, you need to understand the types of accounts the platform is providing. Currently, there are four such accounting platforms, namely:

1. Demo: this is the free version where you can learn about the trading strategy and observe how the terminal works. 
2. Standard: for the standard account type, you will need a minimum of 5$ investment fund (for Indian traders). This type of account will give you access to:

• 40+ assets;
• deposit bonuses of up to 100%;
• if your forecast is correct, then the profitability will be up to 85%;
• withdrawals will get processed in 3 days or less, depending on your withdrawal method.

1. Gold: for having a gold account, you will need a 500$ total fund deposit. This account has the following pros:

• 50+ assets;
• deposit bonuses of up to 150%;
• if your forecast is correct, then the profitability will be up to 90%;
• cashback of up to 5% (in some cases);
• withdrawals will get processed in 24 hours or less, depending on your withdrawal method. Some withdrawal methods still require up to 3 days.

1. VIP: this is the elite account type where your total deposit must be around 1000$ fund. Here, you will get personalized services along with all the facilities of the trading platform:

• 60+ assets;
• deposit bonuses of up to 200%;
• VIP tournament;
• if your forecast is correct, then the profitability will be up to 90%;
• cashback of up to 10% (in some cases);
• withdrawals will get processed in 4 hours or less, depending on your withdrawal method. Some withdrawal methods still require up to 3 days.

Education

For learning how to trade Binomo and earn additional income from trades, you can look for their free educational materials (Glossary of Terms, FAQ, Strategies). With the Binomo education, you can understand the ways in which you can make the trading strategies, make correct forecasts of the given statistics, and get an extra income.

Tournaments

Once you will complete the Binomo sign-in, you will be able to participate in the tournaments. There are several tournaments that are currently being held or scheduled for the near future. Each competition will have a participation fee, except Daily Free. The prize fund is definitely quite unique for each tournament. More information about tournaments can be found on the official Binomo website.

How to use Binomo?

Once you will complete the Binomo app download or visit the official website, you can get engaged in doing real trades and earn extra income. Here’s how you have to use it:

• Start with the demo account to understand the working of the application. 
• Always trade between 2% and 5% of your total fund investment. 
• Learn all the assets and the markets Binomo deals in. 
• Never make deals that will be too costly for you. 

How to withdraw funds?

For withdrawing the Binomo funds, you can either use your bank card or e-wallet. Use the same method that you relied on when making the initial deposit. The trading platform processes withdrawal requests swiftly. But some withdrawal methods still require up to 3 days.

Binomo app review

The Binomo app will allow you to make some really good investments in online trading. Here, you can use the demo account to understand the platform deeply. The mobile app will also help you to design your strategies anytime you are free. 

Available both for iOS and Android, you just need to app download in the App Store or Google Play respectively, and start trading. You can also use the Binomo app by downloading it from the web (https://binomo.com/in/promo/android). It’s only for Android.

Conclusion 

This platform does offer high ROIs and earning extra income opportunities. But, it can be risky for those with little to no experience in trading. Therefore, you must start with the demo account to contemplate everything that awaits you. Once you bolster your understanding, you can participate in real trading.

Disclaimer: This is a paid article. KryptoMoney does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. KryptoMoney is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.