The phrase "trading" simply refers to the process of exchanging one item for another. We normally think of this as the process of trading commodities for money, or just buying something.
It's the same approach when it comes to trading in the financial markets. Consider the case of a stock trader. They are, in fact, purchasing shares (or a small portion of a corporation). When the value of those shares rises, they profit by reselling them at a greater price. This is how trading works.
Individuals can analyse whether the price of assets will be higher or lower in a given period of time using various modern investing mechanics.
Binomo is a cutting-edge trading platform that caters to both novice and experienced traders. It is the modern way to trade online. All of Binomo's traders use a customized trading platform. The platform implements the SSL protocol to encrypt and secure all data, ensuring that your payments remain safe at all times. This is one of the most effective online trading platforms for learning and earning additional income.
What is Binomo?
Binomo is an online trading platform for individuals who seek to increase their income while learning professional trading abilities. It is an online trading platform that emphasizes trading transparency. Under no circumstances would Binomo defraud a trader.
Is Binomo a reliable platform?
The International Financial Commission recognizes it as true, and safe in India. Verify My Trade has given it a certificate for high-quality trades. Traders can investigate evaluations of the broker on the internet through forums like Quora for more verification.
Binomo is safe and secure, both on the website and in the app, as proven by several positive trader reviews and comments. Binomo was also named the best trading platform at the FE Awards in 2015 and the IAIR Awards in 2016. It also answers the question of whether or not the Binomo investment is genuine.
What types of accounts does Binomo offer?
Binomo traders can choose from four different account tiers. These different accounts are specified based on the amount of funding you put into the platform, like with many other online platforms. This implies that increasing your tier does not involve any additional fees or program participation; all you have to do is increase the amount you deposit to alter your account type over time. The four types of account are;
- Standard Account
- Gold Account
- VIP account
- Demo Account
How to register and log in to Binomo?
It is a user-friendly website registering with Binomo:
Step 1 Visit Website www.binomo.com.
Step 2: Login page and click the "Sign in" option.
Step 3: Enter a valid email address and a password
Step 4: Choose a currency for your account - You can't change it after registration.
Step 6: Click on "Create account"
Step 7: Sign in using the email and password created.
How to get training on Binomo?
A Binomo demo account is a fantastic way for traders to learn the fundamentals. It provides a training budget of $1000. Binomo offers customers training and a demo account where they can learn how to trade without putting their capital at stake. Go to Binomo's Help Center, which is similar to Wikipedia and contains hints and FAQs.
Despite the fact that Binomo offers a variety of trading techniques, no strategy can guarantee a perfect trade result. To create accurate projections and earn extra funds, trading necessitates a thorough examination of the market. Contests can be found on www.binomo.com, and traders can enter them. To join and get empowerment for further trading, look for the trophy icon.
How does the trading platform work?
Binomo accepts a variety of deposit options. Investments can be made in India via deposit methods such as NetBanking, UPI, Paytm, Indian exchangers, or GooglePay. Binomo does not charge a withdrawal fee, some charging $31 for each bank transfer.
Funds can be withdrawn from Binomo using the same payment systems that were used to deposit it, and it can take anywhere from a few minutes to three days or more, depending on the account status and payment method.
How to make a deposit and withdrawal on Binomo?
Depositing funds is a straightforward procedure. All you need to do is click the yellow Deposit funds button and fill out the required information. The Deposit button may be found on the main Binomo website. It can be found in the upper right corner of the website. Here is the minimum amount you must deposit. The money will be automatically converted if you are using a different currency.
Step Select Payment and Country
You will then be routed to a page where you must select your country's name and payment method. If you decide to deposit funds with a card, be sure it is current and has your name. It must also handle international internet transfers.
Enter the amount
Depending on the card you're using, enter the amount you're depositing. Manually enter the number or select one of the pre-defined financial items on the left side. You can also gain VIP status on Binomo if you deposit $1,000 or more
Following that, you will be prompted to enter your card information, including the card number, expiration date, CVC code, and cardholder name. Click the Confirm and pay button.
A new page will appear, prompting you to enter the 3D secure code in order to assure the safety of your internet transmission. As a one-time authorization password, it will be emailed to your mobile device.
If you have problems with authorization, you should contact your bank to activate this feature.
In a new window, you'll see a confirmation of the transaction's successful completion. The deposited funds will be immediately available for trading on the Binomo platform.
How to Withdraw Funds From Binomo?
You must be logged into your Binomo account to use this feature. In the top-right corner of the platform, click on your profile symbol. Then select "Cashier."
You will be led to a page where you can make a withdrawal request. Choose the "Withdraw Funds" tab. Then you'll have to decide how much money you want to transfer and how you want to withdraw it. The final step is to click the yellow "Withdrawal Request" button.
There is a minimum withdrawal amount of $10/€10 or its equivalent in your country's currency. However, in some countries, a reimbursement for a smaller amount might be requested. Contact the Binomo support team to confirm the minimum withdrawal amount in your area.
It is recommended that you utilize the same method that you used to make the original investment. It also depends on the payment method. This will help the entire procedure go more smoothly. Either a bank card or an electronic wallet can be used.
What are the pros and cons of the Binomo app?
Pros of trading in Binomo;
- The app is customer-friendly and straightforward to use.
- It is quite easy for customers with hectic schedules to trade while on the go.
- Beginners can use a demo account to practice trading with virtual funds for free.
- A large number of educational resources, such as videos and tutorials, are available to help beginners become acquainted with the program.
- The platform provides tournaments with appealing conditions for various accounts.
- Online customer service is available 24 hours a day, seven days a week.
- There is no withdrawal commission.
- Available in a variety of languages.
- For traders in India, the minimum deposit amount is relatively modest - merely $5.
- Traders can learn how to forecast using strategies and analytic tools.
Cons of trading in Binomo;
- Some payment methods are not accessible.
- There are a limited number of assets to pick from (70+).
- Not supported in some countries.
- It is impossible to block your account on your own - you must visit the website or contact the support service.
- Only after depositing funds may you participate in tournaments via the app.
Binomo Mobile App
On Google Play/AppStore, look for the Binomo logo to find the mobile app, download it, and log in. On Android and iOS, Binomo offers a free app for investing and trading. There is no Binomo program or app for computers (both Windows and Mac). Log in using the website's desktop version.
How to contact customer service?
Customers can contact Binomo for help through a variety of methods, the most popular of which being live chat. Live assistance is offered immediately through the Binomo platform, so traders don't have to open a new window to talk to the support team about their questions and issues.
A backup email support service is also available, with a response time of typically 24 hours: firstname.lastname@example.org
It should be noted that trading carries the risk of capital loss!