How to start trading online using the Binomo platform as an example
Have you ever thought of stepping into the world of trading but then held yourself back because the thing seemed too complicated to comprehend? Well, you aren’t alone!
There are hundreds of people who weren’t able to take advantage of this opportunity to earn an extra income because they would have had to contact an agent. Binomo is fully aware of that, so it offers its users a trading platform without intermediaries.
It is not just another trading platform. Binomo pays special attention to the learning of beginner traders so that they can also take advantage of the opportunities that trading provides. Read the review below to find what the Binomo platform is all about and how to use it to invest and trade.
Briefly about what’s Binomo, and how does it work
Binomo is a global investment and trading platform that provides convenient access to the world financial markets. What differentiates http://www.binomo.com/en from other platforms is its deep focus on understanding the customer’s needs instead of pushing them to open their account and start trading.
Additionally, the Binomo company is certified by the International Financial Commission (IFC), making it one of the safest platforms on the net. Read on for more details on the certification and regulation of the platform.
How is Binomo regulated?
A lot of people wonder whether Binomo is safe or not? As mentioned above, Binomo has been a member of IFC since 2018. Not just an ordinary member, but it belongs to category “A.”
Moreover, Binomo has a Verify My Trade (VMT) certificate. VMT randomly selects and audits 5000 trades each month, ensuring that they are of the highest quality and bring in the best results for Binomo’s customers.
When answering whether Binomo is real or fake, we will provide information about the head office of the company. Binomo can’t be called illegal because it is really registered and obeys the laws of St. Vincent and the Grenadines. This information is publicly available on the official website.
Binomo was awarded international awards in 2015 and 2016 as the best platform for beginners and the best platform of the year. Its logo is recognizable in many countries, including the Philippines. You can also find positive user reviews of Binomo on social media, forums, and popular sites like Quora and Linkedin. These awards and popularity once again confirm its reliability and deny that Binomo is a fraud.
How to start using Binomo?
After reading about the Binomo certifications and regulations, you might be wondering how to kickstart your journey towards being a trader? You need to equip yourself with all the necessary knowledge and practice on a demo account before using a real account.
The excellent news is that Binomo has everything for trading education, so you won’t have to wander here and there contemplating who the best person to follow to learn about trading is? But first, let’s log in to the Binomo mobile app and website.
Sign Up / Login
Registration/login to Binomo and getting started on the web platform are hassle-free processes. You will be up and running within a few minutes. Here are the steps involved:
- Go to the Binomo login page to access the platform from a PCs desktop or your app. You can choose English or one of the 12 available languages for ease to use of the platform.
- On the website, click on “Sign in” to create a new account which you will find on the top right corner. In the Binomo mobile app, you will see the “Sign up” button.
- Enter your email address and password.
- Choose the currency in which you want to operate your account. Remember that you can only choose the currency during the account creation process, and it can’t be changed later.
- Be sure to carefully read the terms of the Client Agreement and the Privacy Policy and check the box.
- It’s time to “Сreate an account”, confirm email to carry out Binomo account verification, get started investing and trading on the platform.
Note! Proof that your funds are protected from scammers is Binomo account verification.
Tutorials and Practice
If you have registered and decided to understand how to make money or play on Binomo, you have chosen the wrong path. Trading requires knowledge, practice, strategies and financial analysis to achieve positive results.
So, after you have created an account, a demo account becomes available to you. It contains free video tutorials on how Binomo works. A demo account contains virtual $1,000 (renewable) for training in a secure environment. It will help you hone your skills before diving into trading.
It is also worth reading the Help Center (FAQ) section, as it includes detailed answers about trading on the platform, depositing and withdrawing funds, how to close a Binomo account, etc. It’s like Wikipedia, which helps you on your Binomo trading journey.
Another advantage of the platform is a section with a step-by-step description of strategies. They are conveniently divided into blocks for beginners and more experienced traders. Remember that there are no winning strategies. They can’t guarantee 100% results, but you can get close to that with consistent practice and free training on Binomo.
Also, don’t underestimate Binomo tournaments. Participation in these contests will help you hone your trading skills, test your strategies, compete with live traders and get prize funds if you victory.
The more you practice and learn Binomo tips, the more effectively you will use trading strategies and forecasting methods to achieve positive results. So don’t underestimate the power of good practice.
The minimum deposit
To switch to the actual trading, you need to make a minimum deposit on Binomo. It is $10. The following payment system options are available for deposits: Gcash, Cards, Banks, Coins.ph, etc. You can also select other payment methods available in the Philippines.
Bonuses
Binomo has added bonuses for everyone who registers on the platform to spice things up a bit. Not one, but five bonuses.
№ 1. Welcome bonus: This free bonus on Binomo is offered to all users after registration at 25% to the first deposit and is valid for only 30 minutes.
№ 2. Deposit bonus: Even after depositing a minimum amount into your Binomo account, the deposit bonus is available. Its percentage depends on the type of your account (Standard – up to 100%, Gold – up to 150%, VIP – up to 200%). As a rule, the more significant the deposit amount, the more bonuses you will receive.
№ 3. Bonus Coupon/Code: You can get a bonus coupon or code as part of the Binomo promotion or from your personal manager as a gift. The bonus coupon/code can also be added to the deposit bonus when making a deposit on Binomo.
№ 4. No deposit bonus: It is another way for Binomo to delight its users. For example, these include insurance for VIP account holders, mailing to Binomo’s regular clients with a certain amount to the account as a gift, etc.
The no deposit bonus also includes insurance for Binomo VIP traders. If something goes wrong and your balance drops to zero, part of your investment will be compensated. The amount of compensation depends on the size of your investment.
№ 5. Risk-free trades: It is another privilege for VIP clients. Traders can enter into trades without fear of losing their invested funds. Risk-free trades are provided to them by a personal manager.
You can’t immediately withdraw bonus funds from Binomo. To do this, you need to make a trading turnover. Learn more about the terms and conditions of using Binomo bonuses in the Client Agreement.
How to trade on Binomo?
Binomo provides a modern mechanic called Fixed Time Trades (FTT), allowing users to get extra income in a short time. To take advantage of FTT, you forecast whether the asset price will rise or fall, select the time when the trade will close and then wait for the results. If your forecast is correct, then you are in profit.
Note! The Binomo platform does not use signals and bots as it is considered a scam.
How to withdraw money from Binomo?
To withdraw funds from Binomo, use the same payment method you used to make a deposit. It is compulsory for security reasons and to provide you with the highest possible level of protection. The minimum withdrawal is $10.
It might take to few minutes from 3 days or, in some rare cases, a bit more time for the cash to reflect in your bank account. The withdrawal time depends on the type of your account and the selected payment provider. The higher the status, the faster the funds go to your bank card or e-wallet.
Please note that Binomo does not work with the PayPal payment system. There is no fee for withdrawing funds from the Binomo platform (vs IQ Option, which charges a $31 fee for wire transfer).
Also, when withdrawing funds, you should take into account the limit. On Binomo, it is $3,000 a day, $10,000 a week, $40,000 a month. Payment operators may have their withdrawal limits.
Note! Once you have developed a good grip on trading, don’t forget to become a Binomo partner, share the opportunity with others and get extra income with the affiliate program, BinPartner.
Download the Binomo app
You can use the Binomo trading app by downloading it from the App Store or Google Play. It will allow you to invest and trade on the go anywhere you have a web connection. Please note that the Binomo app is not made for PC. To do this, you need to go to the website through a browser on Windows / Mac.
Sometimes there may be problems installing the Binomo app for Android, but there is another way. There is no need to hack software; just download the Binomo APK file from the official website via QR-code.
Don’t forget to leave a review about the Binomo app because it’s really designed for the convenience of traders!
Should you trade on Binomo?
As you read in detail, Binomo broker allows you to trade in the world’s financial markets with the click of a button. Whether it is getting started with trading, learning about different trading techniques and terminologies or withdrawing your funds, Binomo provides convenience at each step. And now you don’t have to ask questions whether Binomo is a scam or legit because it has already proven its reliability over more than 7 years of work.
To take advantage of Binomo, you only need to register on the website or a handy mobile app. A whole trading world will open before you, waiting to be conquered. Just be aware of the financial risks. If you make a wrong forecast, you may lose your investment. Don’t forget to learn how to trade and improve your skills to mitigate these financial risks.
