Binomo is an international platform for trade that was established back in 2014. Now, it is also available in South Africa. The Binomo broker offers some specific advantages for traders. For example, while the minimum amount for opening a real account is $10 in South Africa.
The award getting and certified Binomo investment company provides the most comfortable trading environment for its clients. It offers free educational materials, customer support and tutorials (Help Center). If you are interested and want to know more, continue reading our binomo.com review.
Do you know what Binomo is?
The Binomo investment and trading platform is a website and app with an unic terminal where traders can trade +60 assets (depending on account type) in the comfort of their homes. To trade on Binomo, you should choose an asset each time and define a time slot and then, you have to forecast if the chosen asset price will UP or DOWN.
Since the value changes during the day, before you make a forecast you have to observe the chart and decide on the best time to invest and trade.
Registration is quick and easy
Go to the binomo.com website > Click on the “Sign in” button > Enter your email address > Enter a password > Choose the currency type (it can not be changed after registration) > Read and agree on the Client Agreement > Create and activate an account using the link from the email.
You can also login to Binomo on your PC or through the App using your Google account. Done! You’re a Binomo trader now.
Free training for Demo and tips
Binomo broker offers free training through the Demo account after registration. It is the area where you can test your trading skills. If you are just a beginner, it is also fine. You can use your demo account for tutorials about Binomo’s structure, to recognize the assets and to analyze the charts.
Your Binomo demo account is funded with $1000. Don’t forget that this isn’t real funds, you can’t withdraw it or use it anywhere else. If you spent all of this amount, don’t worry. It will be reloaded for you to continue trading on the website.
Binomo strategies are one of the advantages that the company offers to its traders to become positive results at trading. Even though the strategies can be used as a guide, don’t forget that the Binomo company doesn’t offer any trading strategies that result 100% in the trader’s favor.
Before using any of the suggested strategies, it is important to know that they do not guarantee permanent success. Learn how to alternate them in trading and develop your approach.
Take part in tournaments
In Binomo tournaments, the traders compete against each other to get the amount in the prize pool. But not necessarily every tournament is paid. There is also the tournament (Daily Free) where you don’t have to pay a participation fee, just join for additional income. It is available to all clients, including demo account holders.
A registration fee is required to participate in other paid tournaments. It will be automatically debited from your deposit upon registration for the tournament.
In each tournament, a trader has a separate tournament account (it disappears after the tournament).
The prize fund is divided between the tournament participants who took certain places in the table (the number of prize places in each tournament is different).
Download the mobile trading app
Visit the App Store or Google Play to download the Binomo app. The Android users who face challenges while downloading the app can try Binomo apk https://binomo.com/en/promo/android.
Consider the methods of deposit and withdrawal
Several payment methods can be used for depositing and withdrawing money from Binomo (Advcash, Skrill, etc). The company does not set a limit on deposits, but there are limits on withdrawals. Also, you should use the same payment methods for deposit and withdrawal. The withdrawal time depends on the status of your account and payment system and can range from a few minutes to 3 days or longer.
What bonuses does Binomo offer?
There are three types of bonuses on binomo.com:
Welcome bonus - it is received by all users after registration in the amount of 25% to the deposit.
No deposit bonus - a bonus that is issued within the framework of various company promotions. For example, a 100% deposit bonus for a certain promotional code.
Deposit bonus - issued when to deposit and depends on the status of the account. For example, if the account status is Standard, then the bonus to the deposit can be up to 100%, Gold - up to 150%, VIP - up to 200%.
More details on how to use bonuses on binomo.com can be found in part 8 of the Client Agreement.
Can you trust Binomo?
Binomo is an awarded and certified platform. So, basically the answer is “Yes”, you can trust Binomo. It is safe.
In some forums with traders' reviews about Binomo, you may come across a question such as "Is Binomo a scam?" or "Is it legal to invest in Binomo?" The reason for these kinds of questions is a simple ignorance of how the company is regulated.
You can check Binomo's website, also the Financial Commission's website (the company which checks operations' transparency on the platform) to learn more about Binomo's safety.
So how does Binomo work?
Binomo works as an online trading platform. The broker offers its clients the opportunity to gain extra income online. But you have to learn strategies, study education materials and spend time to be good at online trading. Binomo only opens a door for you, it doesn’t walk you in through this door. Lastly, always be aware of the risks of losing your deposit if you deal with online trading. Switch from a demo account to a real account only when you feel ready.