Fri. Mar 29th, 2024

Launched in 2014, Binomo is one of the reliable online trading platforms in India where you can trade currency pairs, equities, commodities, etc. You do not need to be on the trading floors to make trades, it is available online. 

On binomo.com you can invest and trade at the touch of a button, on your phone, tablet, or PC, taking advantage of market movements to get additional income. And you don’t just get to trade on Binomo, the platform also provides technical analysis, free tutorials, tournaments and more to optimize trading for you and help you understand how to use Binomo.

What is the Binomo website and app?

The Binomo website is the platform’s primary trading location. There are charts that you can view in different formats of your choosing. Also, several strategies that have been tried and tested by experienced traders, are listed on the website. And then, Binomo also provides some technical analysis on the market. All of this has been included to help traders correctly forecast and get additional income from trading on Binomo.

However, sometimes it might be inconvenient to visit the website just to carry out quick trading activities. Bearing this in mind, the Binomo team developed a mobile trading app. The Binomo app has nearly all the offerings of the platform. You can make trades and get important notifications on the go. However, to access certain technical analyses, you may still need to visit the website.

Download App and Apk

The Binomo app is available for download on both the Google and iOS app stores. If some Android users have issues with downloading the app from Google Play, they can also get Binomo Apk at https://binomo.com/en/promo/android.

Binomo is reliable trading platform

You might be somewhat wary, and honestly, it is understandable. There are a lot of scams on the internet these days. However, with Binomo, you have absolutely nothing to fear. It is not a fraud, but is a safe and responsible trading platform and partner.

And as a testament to its reliability, Binomo holds a category ‘A’ membership of the much-revered International Financial Commission. If the need ever arises, the IFC provides independent dispute resolution to Binomo’s clients. 

Also, the platform has won a few awards. It won the IAIR award in 2016 and the FE award in 2015, further proof of the platform’s reliability and integrity. If you are still in doubt whether Binomo is real or fake, then we advise you to try trading yourself on the platform.

Traders reviews

Below are just a few comments from Indian traders who have tried Binomo.

Sachin Kaushik: “Binomo is better than other platforms I can say that. I really like it.”

Shekhar Bhati: “Binomo takes some time for trading otherwise it’s good.”

Taabeer Ahmad: “Binomo is a 5-star rating for me. Excellent app.”

Sign In and Login

Before you can use the Binomo trading platform, you have to first create an account by signing up. All you have to do is:

  1. Open your browser and visit the Binomo website or app.
  2. Choose a language, for example Binomo is available in Hindi.
  3. Click “Sign In” and enter your email address in the space indicated for it.
  4. Then, proceed to create a strong password for your Binomo account.
  5. Then, select the currency you’d prefer your account to be set in. Please note that you will not be able to change your account currency later.
  6. When you have done that, tick the box to indicate that you have read and accepted the Client Agreement’s terms and conditions.
  7. And finally, click the “Create account” button.

Another way to log in to Binomo is to use your Google account by clicking the icon.

Account types

On the Binomo platform, there are four account types available. This is to promote inclusiveness and to further customize the experience for traders.

Demo account

Immediately you sign up, you receive access to a demo account where you can make trades in real-time without losing any trading capital. You are given $1,000 virtual trading funds. And, when it gets used up, you can simply reload it and it gets replenished. You can continue doing this and using the demo account for as long as you need to learn the ropes and familiarise yourself with the intricacies of trading on Binomo.

Standard account

When you have garnered sufficient experience with trading on the demo account, you can begin to trade on a real account. The first real account you can use is the standard account. Its features are listed below.

  • For traders that are residents in India, the minimum deposit required for a standard account on Binomo is only $5. 
  • Then, you can receive bonuses of up to 100% on your deposits.
  • And when you make correct forecasts, you can make profits of up to 85%.
  • And when you initiate withdrawals, they will be processed in 3 days or more, depending on your withdrawal method.

Gold account

The Gold account is a step above the standard account. Its offerings are an upgrade from what you get using the standard account. They are listed below.

  • For traders that are residents in India, the total cumulative deposit required to open a gold account on Binomo is $500. 
  • Then, you can receive bonuses of up to 150% on your deposits.
  • And when you make correct forecasts, you can make profits of up to 90%, and you can also get cashback up to 5% weekly in some cases, plus guidance from a personal manager.
  • And when you initiate withdrawals, they will be processed from 24 hours to 3 days or more, depending on your withdrawal method.

VIP account

The VIP account is the highest that Binomo offers. It offers premium features that are higher than you can get from any of the other accounts. They are listed below.

  • For traders that are residents in India, the total cumulative deposit required for a VIP account on Binomo is $1000. 
  • Then, you can receive bonuses of up to 200% on your deposits.
  • And when you make correct forecasts, you can make profits of up to 90%, and you can also get cashback up to 10% weekly in some cases, plus guidance from a personal manager.
  • And when you initiate withdrawals, they will be processed from 4 hours to 3 days or more, depending on your withdrawal method.
  • And as the final perk, you will be granted exclusive access to risk-free trading where whatever you earn from trading will be added to your account, while your losses will not be deducted.

 Deposit

You can simply deposit funds in your Binomo account by making transfers from your bank cards or e-wallets available in India:

  • NetBanking;
  • Indian exchanger;
  • UPI;
  • PayTm, etc.

If you make transfers from an account denominated in a currency different than the one your Binomo account is set in, the funds will simply be converted at your bank’s internal price.

Withdrawal

Similarly, withdrawals can be directed to any one of your bank cards or e-wallet available in India. However, you can use the payment systems that you used to deposit (for security purposes).

Binomo will not deduct any fees on your withdrawals, however, your chosen payment platform may, you have to stay aware of the terms and conditions of whatever payment platform you choose. And finally, withdrawals are processed between 4 hours and 3 days, depending on your account type and withdrawal method.

How to use Binomo?

All you have to do is follow the simple steps below.

  • Open the Binomo platform on your device and then log in to a real account.
  • Select an asset to trade.
  • Indicate the amount of funds you wish to trade.
  • On the timer, set the time you want the trade to run for.
  • Then, click on either the red or green buttons on the screen. These indicate the direction you expect the chart to move in.
  • Wait for the timer to run out.
  • If you forecast is correct, your initial capital plus earnings will be added to your account immediately.

And if you have any issues with the platform, you can always browse the Help Center section on the Binomo website. The numerous FAQs on there may resolve your issues. 

Also, for you to practice trading and hone your skills, you can always access a free education on a Binomo demo account. 

There is a list of strategies on the Binomo website that have been tried by experienced traders. You can adapt these strategies to trade. And if you are confident of your skills, you can participate in any of the trading tournaments that are often hosted on the Binomo platform. 

Conclusion

Overall, the Binomo platform is a great tool to earn additional income on the financial markets as it offers massive opportunities. However, with reward comes risk of losing your capital. So, make sure you manage your exposure to risk. In essence, trade responsibly.