Many trading platforms exist in India, but not all of them are as popular as Binomo. This review answers the main questions about the platform with a recognizable yellow logo: what is it, how does it work, how to trade on it, and use bonuses? You will also find out the main pros of the broker that encourage Indian Binomists to choose it.
Briefly about who the Binomists are
Binomo brought together active dream-chasers, curious individuals who are sure about what they want, and are positive all through; these are the Binomists. However, they are not just enthusiasts; they realize that the platform is not for those asking how to make money quickly on Binomo but for traders willing to study and practice. Binomists have many more reasons to trade here, which we will now discuss.
#1. Regulation by international organizations
Many users want to understand whether Binomo is legal in India or not. Reading experienced traders’ reviews on forums like Quora will help you know that Binomo is safe and never a scam or fake.
However, comments are not irrefutable proof that the company is real and legit; let’s turn to the facts. Binomo is regulated by the Financial Commission and received a trade quality certificate and international awards.
To find the company’s physical office location and email address that you can contact through, visit the web https://binomo.com/en. The platform has up to 13 languages, including English and Hindi, so you will choose one with which you are conversant.
#2. Simple registration and training on a demo
There are two options to sign-up: using your email and new password or logging in via Facebook/Google account. Just visit the Binomo webpage, click on the sign-in button, and fill in the necessary details, including the currency you want to use. Be careful since you cannot change currency once you open an account unless you close the former and create another one.
Note! Binomo may request account verification at any time. It protects you from fraud and usually takes up to 10 minutes vs. IQ Option, where verification goes up several days.
After registration, the user can sign in to the free training account. This is one of the main reasons Binomists are sure that the platform is not a scam. The demo is a secure environment to understand how Binomo works and what’s trading. It has unlimited virtual funds to trade without the risk of losing investment. You can also get empowerment through the demo by contesting with competent Binomo traders through the ‘’Daily Free’’ tournament.
All users also have access to the Help Center. Binomists use it as the primary educational tutorial. This is analogous to Wikipedia, which provides answers to FAQs about trading on Binomo. If some questions remain unresolved, you can always write a chatbot or support manager.
Binomo also provides various strategies. However, no strategy is 100% winning. Trading is not a profit game that you need to learn how to play. Developing your own techniques is vital. Try also to avoid third-party signals and tips.
#3. Minimum deposit and withdrawal limits
If you feel ready to trade on a real account, you can make your first deposit. The minimum investment in India is $5. Paypal is not available, but you can use these deposit options: NetBanking, UPI, PayTm, Indian exchanger, GlobePay, PhonePe, etc.
How to withdraw? For security reasons, withdrawal of money from Binomo requires you to use one of the methods you selected while making a deposit. The minimum amount is $10, and the maximum withdrawal limit is $3,000 per day.
In addition to the low limits, Indian traders also value the platform for being able to withdraw without fees. IQ Option charges $31 for using wire transfer, vs. Binomo offers one withdrawal without commission per 24 hours.
Withdrawal takes from minutes to 3 days, depending on your account type. Also, the chosen payment method can affect the time based on their policy.
#4. Lots of free bonuses for different account types
There are three real accounts, i.e., Standard, Gold, and VIP, and the size of bonuses vary with the type you own. Binomists recommend trading on a VIP one as it opens up access to the maximum advantages and rewards, including:
- Personal manager who may gift bonus coupons or codes.
- Deposit bonuses up to 200%, which can be added to the coupon (holders of other Binomo accounts receive from 100 to 150%)
- Maximum cashback of 10% on some occasions.
- No-deposit bonuses: risk-free trades, deposit insurance, free participation in a particular tournament, etc.
- Approval of the withdrawal requests within a maximum of 4 hours.
If you want to get even more benefits, join the Prestige Club.
Note! Be careful when activating Binomo bonuses, as each one has its own terms and conditions. For example, some rewards can only be withdrawn after completing a trading turnover.
#5. Binomo app for mobiles
Another of the reasons Binomists choose the platform is the ability to trade anywhere and anytime. The Binomo trading app is downloadable for free from Google Play and the App Store.
If you are unable to install the app for Android, you don’t need to hack. Kindly head to the official website and download the APK to invest and trade from mobiles.
Note! There is no app for desktops and PCs since the software is not optimized for Windows or Mac OS. You can log in to Binomo from a computer using the website.
Binomo is a platform trusted by millions of Binomists
You too can join Binomists across the globe. The Binomo platform has everything you need to learn to trade and get extra income, and the community will support you on the path to your dream.
Despite the platform’s reliability, be really aware of the risk of losing your investment. Practice on the demo to avoid it or choose another path – become an affiliate partner of Binomo.
Raj Kumar is a qualified business/finance writer expert in investment, debt, credit cards, Passive income, financial updates. He advises in his blog finance clap.