The main tips on how to use the Binomo trading platform

In this review, we’ll clarify all about how the Binomo platform works including its website and app. You’ll get the main tips for safe trading and convenient learning.

Binomo platform in a nutshell: what is it? 

Binomo is a platform where traders forecast changes in currency exchange rates and other assets to get extra income. Additionally, you can become a partner in the BinPartner affiliate program and earn extra funds by referring traders to the platform. 

Read more about the company on the website; there are also published details such as the head office address.

Is Binomo real or fake?

Many traders wish to know whether Binomo is legal or illegal in South Africa and require proof of its reliability. The International Financial Commission regulates the platform and protects traders’ interests. An independent company VerifyMyTrade has provided Binomo with a certificate of trade quality.

To form your own opinion about whether the platform is safe or not, find reviews on the net. There are sites like Quora or forums for traders and brokers, proving that the platform is not a fraud and discussing its legitimacy.

Register and login

Let’s learn what’s the login process to access an account:

  1. Open a login page in English on the Binomo website or app.
  2. Enter your email address and password or sign in via Facebook/Google.
  3. Decide on a currency. It cannot be changed after registration.
  4. Read and accept the regulations of the Client Agreement.
  5. Select “Create account”.

The minimum deposit for trade

All traders should know how to invest money in Binomo:

  • The minimum deposit on the platform is $10. 
  • Deposit methods in South Africa include VISA, MasterCard, Advcash, Skrill, although there is no option to deposit cash using PayPal.

According to the platform’s terms and conditions, users can receive a bonus on their first deposit on a free account. Also, there are codes or coupons for no-deposit bonuses – read more in the Client Agreement.

A tutorial on how Binomo works

On the website, Binomo has provided beginner traders with education through various tips and tutorials. Help Center is very helpful as it’s like Wikipedia and contains answers to all FAQs.

A Demo account and Strategies 

By signing up on a Demo account, you can practice and learn how to use the platform. What is it, and how does Binomo work? You get access to an account with virtual funds that can be spent on training. 

On Binomo, you’ll find trading strategies, but they don’t guarantee a 100% result. There are no “winning” strategies – every trade requires analysis.

Learn how to trade instead of random forecasting because it’s not a game to play. Binomo is a platform where you need to analyze a market and rely on your experience, not on luck.

Fixed Time Trading

Let’s see how to open and close a fixed time trade (FTT) trade on a Binomo account. You are not required to contact an agent; just follow the steps:

  1. Choose an asset.
  2. Determine the amount for a trade.
  3. Define whether you think the chart will go UP or DOWN. If your forecast is correct, you’ll get extra income. If not – the investment won’t be returned.

Traders who want to understand how to make money on Binomo should know that this platform is not for getting a fast profit. Instead, trading requires knowledge and experience so that you can earn additional funds.

Note! Don’t use any bots or sources that provide signals because they can be cheating.

Trade on the go with the Binomo app 

You can trade from a PC or a mobile app on Binomo, which empowers you to access the platform anywhere. The app with a yellow logo can be downloaded from Google Play/App Store.

In case of issues with downloading the app for Android, don’t hack; get the free APK file to invest and trade: 

No Binomo software is available for PC on Windows or other operational systems. Trade on a desktop through a browser.

Withdraw funds 

Here are the main points regarding how to withdraw money from Binomo:

  • Use one of the methods chosen when depositing. 
  • There are withdrawal limits (check the terms).

Account verification on Binomo takes a few minutes (vs. IQ Option, where no automatic service is available). 

Trade with Binomo 

In conclusion, is a safe platform, not a scam or fraud, as independent financial authorities regulate it. The company offers its users all the necessary tools and materials like a Demo account and contests. There are convenient methods for investments and withdrawals. However, traders must be aware of the risk of losing funds before depositing real funds.

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