There is a strong competition among online trading platforms these days. Each of them tries to offer outstanding features to attract clients. But for the clients, reliability comes first in this big trading world.
Thus, today we would like to introduce you with Binomo – the online trading platform that has several certificates and awards that verify its trustworthiness. In this Binomo review, you will find out what Binomo trading is and whether it is a fraud.
Article Breakdown
Is Binomo a scam or not?
Reliability is important when choosing an online trading platform. You would like to be one hundred percent sure that your platform is safe. There are a lot of rumors around the internet about several trading platforms and Binomo isn’t an exception. So, let me clarify whether Binomo is real or fake.
If you are asking if Binomo is legal and safe in India, the answer is yes. Binomo has a transparent payment policy supported by the Financial Commission. The Financial Commission is an independent conflict resolution company that protects the rights of Binomo customers in case a conflict arises between the company and traders. Verify My Trade, which is included in the Financial Commission, also audits included companies regarding transparency of the operations.
Binomo app
Binomo trading app allows users to trade online wherever they want. You can download the Binomo app from the Google Play Store if you have Android devices. If you have trouble downloading the app, you can download the Binomo mobile apk from this link: https://binomo.com/en/promo/android.
For iOS users, a legal Binomo app is available in the App Store. The Binomo app and website are also available in Hindi for traders from India.
Sign in and login
Both Binomo website and app are user-friendly. Traders who are older than eighteen can register and log in. To register, simply follow the steps below:
- Visit https://binomo.com/.
- Click the “Sign in” button in the upper right corner.
- Write your email address.
- Set a password.
- Select the account currency for trading.
Note! Remember that you can’t change your account’s currency later!
- Read the Customer Agreement and Privacy Policy.
- Create an account.
Now, you are a Binomo user. Go to the Binomo website and click the “Sign in” button to log in your account. You can also use your Facebook or Google account to log into the trading platform!
Deposit and withdrawal
You can deposit and withdraw your additional income on Binomo.
- Login to your account.
- Click on the “Deposit funds” button.
- Select a payment method.
- Enter the deposit amount.
- Click on the “Deposit” button again.
For withdrawal, click on the “Deposit funds” button. Then click on the “Withdrawal”. Once you enter the withdrawal amount and the payment method information, you will submit a request. For security reasons for withdrawals traders are able to choose only those payment methods which were previously used for deposit. Your withdrawal request will be considered from a few minutes to 3 days. Sometimes, the withdrawal time may be longer, depending on the status of your account and payment system.
How to use Binomo?
Binomo is one of the reliable trading platforms in India. But how to trade on it? So, you have to choose an asset to trade. Then, you should choose the time period for your trade. Once you select the time, you are expected to forecast whether the asset will lose or gain value within the selected time period.
Traders use green and red arrows (Up and Down) to forecast. If you click the green button, you predict the asset will gain in value. If you click the red button, the selected asset will lose value. If the forecast is correct, you will receive funds from the trade on deposit.
- Strategies
There are different strategies that traders can study and apply in their trade on Binomo. You can find these strategies at https://binomo.com/information/strategies. There are different strategies for beginners, intermediate level and advanced-level traders.
- Tournaments
Binomo tournaments are designed to test your trading skills and get additional income. To join, log in to your account and go to the tournaments section by clicking the cup symbol on the screen. There are either paid or free tournaments on Binomo. Participation fees for paid tournaments may differ and the amount in the prize pool may vary. Demo account holders can only participate in the free tournament!
- Education
Binomo wants every trader to improve their trading skills. Thus, the trading platform offers:
- On a demo account, Binomo provides virtual $1000, so customers don’t have to bring in a deposit to start learning and try trading.
- Strategies.
- Educational materials.
- Tutorials.
Conclusion
Binomo is one of the best ways to get additional income to trade in India. It has been serving many traders in many countries since 2014. It passes the annual audits and proves its reliability. Binomo is one of the trading platforms that care about customer satisfaction. Customer support services are ready to assist you if you encounter any problems. Don’t rely on the negative comments in some forums; remember that there is always a risk of losing deposit in trading!