Binomo Review India – A Starter’s to Trading on The Platform

Would you want to earn additional income? Then, the Binomo trading platform might be a great place to start.  So, what is Binomo?

Binomo, since its establishment in 2014, has provided different financiers, across the world, with the opportunity to earn additional income. This platform allows you to deal with assets and improve your trading skills without fear that it is a scam.

Login

Like every other trading platform you might have encountered before in India, Binomo requires you to create an account:

1. Enter your email and password, select the account currency (cannot be changed in the future).
2. Read the Customer Agreement and accept its terms.
3. Activate your account using the link from the email from Binomo.

After creating an account, you can then log in using the email and password you provided during the Binomo login process.

If you already have an account, you do not need to worry about creating a new one. You can just go ahead and log in. You can as well login using your Gmail account.

Note! The Binomo website is convenient for Indian traders who do not speak English. You can always select Hindi in the right corner of the page.

Account Types

Binomo offers its customers 4 account types including a demo account for its first-time subscribers. This demo account typically launches once you complete your registration.

As its name implies, the Binomo demo account is not a real one, though you’ll find a virtual amount of 1000$. It is a practical account that can be used to deal with assets on the platform as it’s a real trading.

The virtual capital in the account cannot, however, be withdrawn, as they’re only meant for the sole purpose of learning how to trade on the platform.

The other 3 account types are:

1. Standard Account

• Launches with an average deposit of 5$;
• Remits traders with up to 100% bonuses on all deposits;
• Profitability up to 85% with correct forecast;
• Withdrawal processing takes 3 days or more (depending on the withdrawal method).

2. Gold

• Needs an total deposit of 500$ (cumulative account);
• Traders enjoy up to 150% bonuses on all deposits;
• Profitability up to 90% with correct forecast;
• Up to 5% weekly cashback on capital when users experience losses;
• Offers more assets (55+) to invest in and trade on;
• Personal manager and trade insurance;
• Takes an average of 24 hours for withdrawals to be processed. Sometimes the withdrawal of funds can be increased to 3 days or more (depending on your method of withdrawal).

3. VIP

• Requires a total deposit of 1000$;
• Offers traders up to 200 percent bonuses on all deposits they make;
• 60+ assets to trade;
• Profitability up to 90% with correct forecast;
• Up to 10% weekly cashback on capital when users experience losses;
• Personal manager and trade insurance;
• The ability to conclude risk-free trades;
• Withdrawal processing takes from 4 hours to 3 days or more (depending on the withdrawal method).

Binomo Education

Binomo is not only a platform for trading alone. It also offers training and tutorials to people willing to learn to trade. The Binomo demo account is a great place to start if you’d like to know how to trade on the platform.

You’d be able to learn how to use Binomo by reading through all their FAQs as well. The Help Center of the website is a great place to learn how to open an account, withdraw funds, and more.

How to invest in trading?

To real trade on Binomo, you’d have to first make a deposit (minimum 5$). Once you’ve done this, you can then go on to trade on any asset of your choice.

Binomo offers its users 40+ standard assets with Gold and VIP users having more trade assets to choose from. After choosing the asset you’d like to invest in, the next step is to set your trading contract.

Before doing this, you might want to go through the platform’s trade analysis and strategies which you can access on the website.

Setting up your trading contract will involve inputting the amount you’d like to invest (from 1$) and the duration of the trade.

Then you have to forecast if the asset price will go up or down.

If your prediction is correct, then the income from the deal will be credited to your trading balance.

Aside from the assets, Binomo users are also eligible for tournaments, both free and paid. These tournaments help traders test their trading skills and improve them. There is also a prize fund for participants. More information about tournaments can be found in a dedicated section on the Binomo website.

Binomo App download

What is a Binomo app? It is a convenient alternative to the Binomo website. It can be used to make and monitor your investments and trade on the platform. You can search on your app store, whether Android or iOS, download and install the Binomo trading app on your phone or tablet.

You can otherwise download the Binomo apk version at https://binomo.com/en/promo/android, as well (note that this version is strictly for Android users only).

Deposit and Withdraw

You can deposit into your Binomo account using your bank card or e-wallet account. To deposit, click on the yellow “Deposit” button and follow the system instruction.

Withdrawals can also be made from the Cashier section of the Binomo website. Note that all withdrawals can only be made using the same payment methods you’ve used to your deposits.

Binomo is not fake

Traders from India often ask on forums: “Is Binomo real or fake?” Binomo is a safe and reliable platform for investment and trade. The company holds a “Category A” member from the International Financial Commission (IFC). So, you don’t have to worry if you saw the phrase on the net as “Binomo fraud”.

Further refuting the Binomo scam rumors are the awards the company has won since the start of its operation in 2014.  Sitting on his shelf of honors is the IAIR award in 2015. There’s also the FE award, which the company received in 2016.

So, is Binomo safe to trade? Yes, Binomo is a reliable trading platform. Such things as the demo account, Help Center, free tutorials, trade strategies, etc.,  have been specifically put in place by the company to make trading on Binomo as safe as possible.

Conclusion

If you read this review through, congratulations. You now have all the answers you might have to the question “What is Binomo trading.” And you must know that Binomo, just like every investment and trade platform, also has its risks. Understanding these risks and how to manage them will better help you to trade on the platform and earn extra income.