What is Binomo trading platform and how to use it
- 1 What is Binomo trading platform and how to use it
Online trading has emerged as one of the prime ways to earn additional income on the internet. Trading used to be a restricted activity available only within the four walls of a physical financial market. Well, thanks to technology, that market has become liberalized.
You can now trade currency pairs, commodities and indices on the market, using your phone, tablet or PC. Binomo has emerged as a forerunner in the industry. Having been approved by all the relevant regulators, Binomo is well-positioned to give you the trading experience to earn an additional income online.
What is Binomo in India?
Binomo was created by The Dolphin Corp in 2014 and is registered in St Vincent and The Grenadines. It was created to provide a platform for its clients to trade the financial market online. And despite early hiccups, the company has grown to earn a category “A” member of the International Financial Commission. This confirms the reliability of the trading platform for traders from all over the world, including India.
The Binomo trading platform is available to traders from India in Hindi.
H3: Is it a fraud?
Understandably, you might have doubts as to whether Binomo is a fraud or not. Well, I assure you, it is not.
It is duly registered in St Vincent and The Grenadines. And if you’d like to visit, the company has a physical address. Its offices are on the First Floor of the First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent, and the Grenadines.
As I have said, the company is registered by the International Financial Commission and is a category “A” member. It has also been verified by Verify My Trade, a company that authenticates the fairness of trading platforms.
As a further testament to its integrity, Binomo won the IAIR Award in 2016 and also won the FE Award in 2015. So, you have nothing to worry about. It is entirely safe.
But is Binomo legal in India? Yes, it’s legal, as it is in over 130 countries around the world.
Sign in and login
Before you can enjoy the experience of Binomo trading, you have to sign up first. Go to the Binomo website where you will be able to log in using either your Facebook account or your Google account.
- If you are going to be using your email for sign up, enter your email address in the space provided.
- Then, create a unique password. It is advisable to use a combination of letters, numbers, and symbols. It is safer.
- Then, select the currency you want your account to be in. The currency cannot be changed in the future.
- Tick the “Terms and Conditions” box to indicate that you have accepted them.
- When you have done all these, you can now click “Sign up”.
How to use Binomo?
Many traders ask how to play Binomo. But this is not a game, Binomo is an online asset trading platform. The Binomo platform has a convenient trading terminal. How to use it?
- First, you have to be sure that you are logged on to a real account.
- Then, you select the asset you want to trade.
- Decide how much capital you want to put into the trade.
- Set the time you want the trade to run for.
- Click on the green button or red button to indicate that you think the price of the commodity will increase or reduce respectively.
When the time runs out and your prediction is correct, your earnings will be credited to your Binomo account immediately. You can earn up to 90% of the initial capital, depending on your account type.
H3: Account types
There are currently four account types available on Binomo. The first one is the demo account which you will be given when you sign up. The demo account is to help you hone your trading skills without risking real funds.
The main account types are Standard, Gold, and VIP. They require different minimum cumulative deposits. However, regardless of your account type, you are guaranteed at least 85% profitability on your trades with the correct forecast. And also, your withdrawals will be processed in only 3 days or less (depending on your withdrawal method and account type).
With Binomo, it doesn’t matter whether you have not had any trading experience. There are a couple of opportunities for tutorials. When you open your demo account, you are going to get pop-up tutorials with every click, guiding you till you are proficient. Asides from that, Gold and VIP account types get access to personal managers who guide them through their trades.
Also, on the Web version of the platform, Binomo lists some strategies for trades. These are the strategies that have been tried by several expert traders. While there is no guarantee that they will work every time, they are bound to help your trading.
Binomo hosts tournaments to help you have a more exciting trading experience. Once you opt to join a tournament, the required sign-up fee will be deducted from your account. These tournaments have diverse exciting prizes and are a great way to test your skills. Demo account users can take part in a daily free tournament.
Deposit and withdraw funds
You can deposit funds in your Binomo wallet from your bank cards or any e-wallet available in India. Withdrawals can only be directed to a bank card or e-wallet that you have funded your Binomo account from.
Where can I download the app?
What is a Binomo app? Binomo created the platform into a mobile app so that you can trade and handle notifications on the go. However, for certain technical aspects, you will still need to visit the website.
The app is available on the Google Play and AppStore for Android and iOS respectively. And for Android users the application can be downloaded as an APK file: https://binomo.com/en/promo/android.
Here are some real reviews and comments on Binomo from YouTube.
Shubhangi Dhall said “I have been using Binomo for a while now. it is a great platform for online trading and I would say it is reliable.”
Sanju Pro said “I’ve been earning an excellent experience with Binomo for more than a year and I do not regret anything. At first, I worked with different companies, but now I realized that it’s better to invest all forces here.”
Taabeer Ahmad said, “The best way is to have proper knowledge about your investment and then choose your platform, I choose Binomo as my platform and earned my first additional income.”
Binomo offers a way to get real additional earnings online. Their services are honest and transparent and regulated by the IFC. You wouldn’t have to worry about invested funds. However, you should be aware that trading comes with the risk of losing capital. Ensure that you do not overexpose yourself to risk and trade competently.