Since online trading is extremely popular in recent days, we decided to write a Binomo review, which is about one of the biggest trading platforms worldwide. Binomo India trading platform operates all around the world, in more than 130 countries. It offers the opportunity of getting extra income to traders.
The company was formed back in 2014 and has engaged in trading activities since then. It has expanded year by year and now, Binomo is also available for the traders from India. So, would you like to learn what Binomo trading is, in detail? Then, please continue reading.
What is binomo.com?
Binomo.com is the website, which serves traders all over the world. Throughout the platform, one can invest and trade assets to get additional income. But, is Binomo safe though? The answer is “Yes.” All of your data on the website or app is protected thanks to the SSL protocol, so it is safe.
Binomo website and app are suitable for everyone who is aged 18 and older and wants to discover the online trading world. All levels of traders are welcome. The platform provides its clients with several features to support them in the way of learning and mastering skills. The website has +20 graphical tools for the customers to be able to analyze their trading history and to decide what steps to take in the future. Also traders from India can do it in their native language – Hindi.
Is it a scam or reliable?
As you may guess, a company which has been operating in more than 130 countries since 2014, cannot be a scam. Binomo is a reliable platform, its app is presented on reputable app markets such as Google Play and AppStore.
But is Binomo legal in india? We cannot answer this question, but we can say that it is regulated. The company is a member of the International Financial Commission (IFC) and ensures that all the rights of the customers are protected in case of disputes. Plus, Binomo was certified by the IFC due to its quality services and transparent operations.
The platform also received important international awards – IAIR Awards and FE Awards (2015 and 2016, respectively). All of this indicates that Binomo is not a fraud.
How to use Binomo?
If you are asking how to play Binomo you are wrong, because this is a trading platform on which you trade assets using experience and knowledge.
And the first step in using the trading platform is signing and training. Read how to do this below.
Sign in and Login
First of all, you should have a Binomo account to become a trader. So, please follow the steps to create one:
- Go to binomo.com.
- If you want to sign in through your Google account, select one of them. If not, enter your current email address.
- Enter an unpredictable combination of the letters and numbers as your password.
- Select your account’s currency.
- Click on the “Create account” button.
Note! Don’t forget that you can’t change the account’s currency after signing in.
To login, each time you should visit the official website and click on the “Sign in” button first, and then click on the “Login”. Next, enter your email address and the password. Finally, click on the yellow “Sign in” button.
The Binomo demo account which is given to every trader that registers on the website or app, eliminates the risk of losing the deposit for the inexperienced clients. On a demo account, you don’t lose capital.
It is funded with virtual $1000 which can be used for the education purposes only and cannot be withdrawn. A new trader’s intention should be learning about the platform, trading instruments and the charts by using a demo account.
To deposit on your Binomo account:
- Click on the yellow “Deposit” button which includes a wallet symbol.
- Enter the amount you want to deposit. It can’t be less than $5 or an equal amount for India.
- Select your payment method (NetBanking, UPI, PayTm, Indian exchanger, etc).
- There will be a new page, which states that your payment was successfully made.
If you face problems when depositing your account, don’t hesitate to contact Binomo support via email: [email protected]
Withdrawals and limits
Depending on your account’s type, your withdrawal process can take from a few minutes to 3 days after you make the request. Sometimes, depending on the payment method, the withdrawal process can be longer.
Withdrawal limits on Binomo:
- up to $3,000 per day;
- up to $10,000 per week;
- up to $40,000 per month.
Be careful about whether the withdrawal method you choose charges you with extra fees or not. Plus, you should pay attention to the payment when you make a withdrawal request, since you should always use the same payment methods for deposit and withdrawal.
Download the Binomo app
The Binomo app download process is simple. First, you should have devices that run on iOS or Android operating systems because the Binomo app is available only on Google Play and AppStore. To download a trading app, all you have to do is visit the application market on your phone and type “Binomo” on the search bar and click the install button.
If you have an Android phone and are having problems installing the app, you can download the APK file from the link: https://binomo.com/in/promo/android
We compiled some comments from the real Binomo users to provide you with insight about the platform in India.
Naina S.: ”There are many ways but the perfect platform would be Binomo which is a good platform to earn additional income.”
Sarah K.: “Binomo services are very good, they know how to handle their client and they value the budget whatever the client is investing.”
Shekhar B.: “There are many platforms on which we can trade but I have no idea about another platform except Binomo trading platform so on the basis of my personal experience I recommend it to all.”
To conclude, we have to remind you that even though online trading is one of the modern ways of getting extra income, don’t forget that by performing trading activities, you always risk your deposit. To minimize the risks, you should read tutorials, practice strategies, learn the structure of the trading platform and practice on a demo account before you go into real trades.