Smart trading as a core value of Binomo and its Binomists

In the review below, we will discuss about Binomo and how it works. You’ll figure out who Binomists are and learn all about how to trade on the platform. We will also go through other information like regulations, tutorials, rules for deposits and withdrawals, etc.

Who are Binomists and why do they choose Binomo?

Binomo is an easy-to-navigate trading app and website. Users of Binomo who have a unique mindset and way of thinking that helps them in the trading process are called Binomists To make decisions in forecasting, they keep a close eye on price fluctuations and market analysis. They don't make impulse investments, but instead, they rely on evidence, expertise, and knowledge. In this article, we’ll talk about what is required to become a Binomist.

Binomo is safe

A lot of people ask if Binomo is legal in India or not. We can only say that Binomo is not a scam or fraud but a safe trading platform. A proof is that it is regulated by the International Financial Commission. It has also received a quality certificate by Verify My Trade and got the FE Award in 2015, and in 2016, the IAIR Award for excellence in global finance and markets.

To clear doubts regarding the legitimacy of Binomo and make your own conclusion about whether it is real or fake, search on the net for reviews from Binomists on trustworthy forums for traders and brokers or on platforms like Quora. You can also look up the contact details and head office address of the company at https://www.binomo.com.

How to start trading smartly on Binomo?

Smart trading is what you need to reduce risks and improve your financial management skill. It means that you build your strategy, deepen your knowledge and rely on experience when making forecasts. This is how Binomists act - they always look for new opportunities to develop their abilities. If you're a beginner, there's really no need to rush and make a deposit right away. The first step is to learn how to use the platform and begin training.

Sign up and Log in

You can sign up on Binomo in two ways, either by using your email address and password or by signing in with your Facebook/Google account. The platform is available in Hindi, English, and other languages, allowing Binomists to log in using whichever language is most convenient.

Open the Binomo login page on the web.

Fill in your email address and password.

Choose a currency. The account currency cannot be changed after registration on Binomo.

Check out and accept the Client Agreement and Privacy Policy terms.

Click “Create Account”.

If you previously used Binomo, you should read how to close an old account before creating a new one, as registering multiple accounts is against Binomo rules.

Note! Become a partner by enrolling in the BinPartner affiliate program, which allows you to earn up to 70% extra profit from Binomo traders’ revenue (vs. IQ Option that offers up to 50%).

Use free tutorials and a demo account

The platform offers education to beginners by providing them with a way to learn what Binomo is and how it works through a demo account. All true Binomists start trading for free on a demo account and practice with unlimited virtual funds to increase their skills in a secure environment.

Additionally, a free tournament, “Daily Free'', is available to all users. This is an event where you can compete with other Binomists and practice daily. The other contests are paid, and if you’re ready to make a deposit, you can increase your trading skills further while also earning extra income.

Some beginners ask how to play Binomo but trading is not a game. It comes with risks, and you need to use strategies and analysis for your trade.

During your learning process, you will come across many strategies; however, no trading strategy guarantees a 100% result of a trade. There are no “winning” strategies that could always be right. Instead, you should understand what kind of strategy you personally find the most appropriate in the current market situation. With practice, over time you will develop your approach to price forecasting.

What if you need help and advice about how the platform works? Then traders can check the Help Center (FAQ section), similar to Wikipedia for traders. For any personal queries, you can ask chatbot, which is available in the Binomo app for both iOS and Android users. Alternatively contact a manager in the live chat or through email.

Trade conveniently with FTT

Fixed-time trades (FTT) are offered on Binomo. You can open a trade with a duration of 1 to 60 minutes and make a forecast. The process takes place in the following steps:

Pick an asset to trade.

Define an amount and a time when the trade will be closed. This is when a result of the trade will be displayed.

Make a forecast: the chart will chart go UP or DOWN. If it is correct, you will receive additional income; if it is incorrect, you will lose the invested amount.

Some traders wonder how to make money on Binomo, but risks should be taken into account. This platform should only be used to earn additional income because nothing can guarantee a specific result of your trade. Binomists understand that practice and experience can help them improve their skills while also lowering their risk.

It can happen that you find on the Internet someone who recommends you to pay for a “proven strategy” or signals - don’t trust them. Make sure you rely on your own skills, not on bots, because this will be considered cheating.

Invest and withdraw funds safely

In India, the minimum deposit is $5. Except for PayPal, India's most popular deposit options are NetBanking, UPI, PayTm, Indian exchanger, GlobePay, and PhonePe. Just access the “Cashier” section and start trading on a real account.

According to Binomo bonus terms and conditions, traders can get a no-deposit bonus (for example, a bonus code, or a coupon during promotion) or deposit bonuses when investing funds in their account. It can look like 100% from a sum of your deposit, for instance. Moreover, everyone can receive a 25% welcome bonus on their first deposit on a free account.

Now we’ll talk about how to withdraw money from Binomo:

●       The minimum withdrawal sum is $10.

●       For security reasons, you can withdraw funds through one of the deposit methods used to make a deposit. 

●       Depending on the type of account and payment method used, withdrawals of money can take anywhere from a few minutes to three days or more.

●       Moreover, you can withdraw up to $ 3,000 per day, $10,000 per week, and $ 40,000 per month with Binomo.

●       Some payment systems may also apply withdrawal limits.

Good to know that account verification on Binomo has become much speedier than in the past, taking only a few minutes currently, thanks to the automated verification process.

Trade everywhere with the Binomo app

Binomo is well-known among traders for its feature that empowers them by allowing them to log in to the platform from a PC and a mobile app anytime. The yellow logo app is available for download on Google Play and AppStore. Traders who struggle to install the mobile app for Android, should not hack but instead download the APK version from the website to invest and trade on the go.

Because the Binomo app is only available for smartphones and tablets, there is no software for PC (Windows or Mac OS). Traders who want to use their computers to access the platform can use the web version to log in via browsers on their desktops. Some platforms like IQ Option vs. Binomo provides such software for PCs. You can decide whether you prefer to use a web version or you wish to download programs to access your charts.

Try Binomo and become a true Binomist

In Conclusion, all you need to do for a start is to sign up on Binomo and try all the features of the demo account. Now you know where to find support if anything is unclear, where to find a mobile app and how to make your first deposit and receive a welcome bonus. Through education and practice, you’ll understand how to trade smartly. Become one of the Binomists and get extra income in case of the correct forecast.

It is important to remember that there is always a risk of losing all your deposits while trading. To reduce the risk, practice and study the educational materials before trading with real funds - as true Binomists do in order to achieve their goals.