Owned by Dolphin Corp Company, Binomo is a high-end trading platform. It is a trusted name in 133 countries around the globe. The platform was established in 2014 offering a wide range of financial assets to the traders and has several reliable features. It allows the users to trade in more than 60 assets such as OTC, currency pairs, equities, commodities, etc.
Speaking more about this popular trading platform, it is reliable, has more than 800,000 daily active online users, and witnesses around 30,000,000 profitable trades every week.
What is Binomo India?
Binomo website is considered as one of the best in the trading market in India as it offers quality services. The services of Binomo are appreciated by the Financial Commission. This speaks of reliability and guarantees quality services, transparency of relationships, and protection to traders.
The main advantage of trading with Binomo India is that Binomo Hindi is available, custom-built, and has several in-built technical indicators. It also has several tools to help users analyze the market and make better trading decisions. Another plus point of the Binomo trading platform is that it has various attractive features like low Binomo trade requirements, highly efficient client support staff, and tutorials to help both seasoned and newbie traders use the platform efficiently and get an extra income.
Login and Sign in
You need to Binomo sign in if you are new to the Binomo platform. For this, visit the official website https://binomo.com/ and click on the “Sign-in” button. A form pops-up, enter your email address, password, and choose the currency to deposit and withdraw funds (you cannot change the account currency later). Tick the box for I accept the terms and then on the “Create Account” button. You will receive a confirmation mail on the email address you entered.
Now Binomo log-in to start using the platform. For this, again click on “Sign-in” and then on the “Login” button. Enter your email ID and password and “Login”. If you are using Binomo mobile application, choose the “Sign-in” option, enter your details and click on the “Sign in” button.
When you sign up, you get access to the Binomo demo account with virtual $1000 that you can use to trade. The Demo Account allows you to trade on a real chart. This helps the new traders learn how to use the Binomo platform to earn extra income as well as learn trading skills without making any investments. Demo Account offers most of the functions available in the real account (the only difference is that any funds received from trades on the Demo account cannot be withdrawn). Use the demo account to try out new strategies and then switch to a real account for some serious trading business.
The deposit amount on the Binomo platform varies with the type of real account you choose. If you go with a Standard Account, you need a minimum deposit of $5, for Gold Account, a cumulative deposit of $500,and for VIP Account, a cumulative deposit of $1000. You can deposit the funds through:
- bank cards,
- Internet banking,
- e-wallets, and more.
The process to deposit the amount takes place in the “Cashier” section. Enter the amount and make a payment. The transfer of funds occurs immediately and the platform does not charge any fee.
After earning a substantial income, you need to monetize that figure into real currency. To do this, visit the “Cashier” section and then click on Withdraw funds. Specify the withdrawal amount, payment details, and the reason for withdrawal. The withdrawal time is fast and easy and the site uses SSL so that your data is encrypted. Apart from this, there is no withdrawal fee charged. For security reasons, withdrawal of funds is possible only with the payment method that was previously used at least once for the deposit.
How to Use Binomo?
Binomo offers you the great online trading experience and a world of investment opportunities. With the Demo Account, you can learn the skills of trading and try the strategies that work best for you.
Once you are accustomed to using the platform, switch to a real account to get a profit from your correct forecast. Select the asset, set the amount and time for a trade. Next, analyze the price movement on the chart and make your forecast by clicking either on the green or red button. Wait for the trade to finish, if the forecast you made was correct, the profit will be credited to your account.
Binomo’s web version offers various strategies to conduct successful trades. These include pathfinder, market convergence/divergence with the RSI, Elder’s Triple Screen, and many more. However, before you use any of these strategies, it is important to know that they do not guarantee continuous success. Learn how to alternate them and develop your approach.
It also offers tournaments that are a great way to test your skills before starting trading. Click on the trophy icon located to the left of the chart to enter tournaments. You need to sign up for each tournament as they take place on a separate tournament account.
Education and Tutorials
Binomo education educates its user about using the platform. There are two options:
- Mentored learning,
- Self-directed learning.
Self-directed learning is all about using the demo account and using strategies offered by the platform. A personal manager, available to Gold and VIP holders, can help with questions regarding the platform itself, but does not provide trading tactics training.
Binomo tutorials and training help the users learn the realm of online trading.
To make online trading accessible and easy, Binomo offers Binomo Trading App. The app is available for both iOS and Android users for free. For more on the Binomo app review, click here.
If you an iOS user, you can Binomo app download from the AppStore by entering Binomo: Smart investments.
Android users can download the Binomo app from Google Play. If they have some issues with it, they may need an Apk. Download the Binomo apk using the link https://binomo.com/en/promo/android.
Is Binomo Legal?
You might have heard a lot about the Binomo scam and that it is not safe, however, it’s not true. Binomo is well-regulated, by the Financial Commission naming it as a category ‘A’ member. Binomo is also audited by Verify My Trade (VMT) annually and has received a certification of quality of trades.
Is Binomo legal in India and is Binomo safe? Well, the above information says yes. Traders won’t face any Binomo fraud while trading.
Binomo is a reliable online trading platform offering all the features you need. It offers 24/7 support to beginners and veterans and there is no fee and commission. With the above Binomo com review, it is clear that you should try Binomo today and get additional income. However, with all the positive points, there are some drawbacks as well, such as limited assets and trade types.
Every trader should also be aware of and be mindful of the risks of trading. If you do not improve your skills, do not train on a demo account, do not use strategies, then you can incorrectly forecast and lose part of the deposit.