Why do traders from India trade on the Binomo platform?
Binomo, as one of the most reliable platforms, nowadays greatly provides service for its customers based in India and other countries. With the numerous trading benefits it provides, the company is becoming more and more popular. Still, there might be new traders who do not know about online trading, so in this review, we would like to introduce Binomo at all points.
Binomo is an online trading platform which was established in 2014. The company’s head office is in St. Vincent and Grenadines yet it operates in many countries around the world. Over 800k traders visit Binomo every day and trade online.
And if you are wondering if Binomo is real or fake, then you should know the following facts. The platform proves its reliability with the certificates and awards it has got. The company is an “A” category member of the Financial Commission which means it is among the reliable companies. The company has IAIR (platform of the year) and FE (the best platform for beginners) awards.
Please, keep reading this Binomo review to find out more about the India trading website and app.
Binomo website – what is it?
Binomo website is an online trading platform that serves traders all over the world. It is an opportunity for people who would like to make extra income through trade. But first of all, you need to understand the operation process on the website binomo.com and learn how to become a real trader. With the aim of helping its customers, the Binomo website provides free educational materials, trading strategies, and a demo account for practice.
Why is Binomo not a fraud?
Many novice traders ask: is Binomo legal in India or is it a scam? As we mentioned above, Binomo is under the roof of the Financial Commission. It is an organization that protects the rights of customers in the event of a conflict between the parties (such a company as Binomo and its client). The conflict resolution commission in this company is made up of several professionals from all over the world, including India.
In addition, the Binomo app is available in both trusted app markets such as the Google Play Store and App Store. You can download the Binomo trading app for free through these platforms of trusted companies on your smartphones or tablets. Both the Binomo website and the app are available in 13 languages, including Hindi, which is of course very handy for non-English speaking Indian traders.
In addition, the company is audited monthly by Verify My Trade for more than 5,000 trades made on the platform. We have also mentioned the awards received above. All of this suggests that Binomo is a safe trading platform and not a fraud.
Registration and Login
Before you can take full advantage of trading on binomo.com, you need to log in to the website:
- Go to the official website.
- Change the language at the top right corner if you prefer another language over English (for example, Hindi).
- Click on the “Sign in” button.
- Fill out required boxes (email address & password).
- Choose the currency for your Binomo account (сurrency cannot be changed after registration).
- Read and accept the Client Agreement and the Privacy Policy.
After creating your account, you will be able to log in just with a few clicks. To revisit your Binomo account please go to the website or app and click on “Sign in” then “Login”.
Demo
A demo account is a type of account that is given to every client at the beginning. This is the place where you can learn about binomo.com, how to invest and trade on the platform without the risk of losing the deposit. A demo account is a free account, loaded with $1000 virtual funds that cannot be used for any other purposes rather than practice. Please be aware that the act of trade on a demo account will not result in a real gain for you. It is only for training purposes. Once you are adept in trading, you can switch your demo account to a real one to start trading and get additional income.
Deposit and withdrawal methods
Next, in this Binomo review of India, we will explain how to deposit and withdraw funds. Both processes are not difficult.
To deposit follow the steps below:
- Login to your Binomo account.
- Click on the “Deposit funds” section.
- Specify your payment method (such as NetBanking, UPI, Paytm, Indian Cash, etc).
- Specify the amount you want to withdraw.
- Click on the “Deposit” button.
Note! The minimum deposit on Binomo is only $5.
To withdraw funds follow the steps below:
- Login to your Binomo account.
- Click on the “Deposit funds” section.
- Click on the “Withdrawal”.
- Specify the withdrawal amount.
- Specify the withdrawal method (such as Indian exchanger, NetBanking, PayTm, GlobePay, etc).
Note! Withdrawal of funds is possible only with the payment method that was previously used at least once for a deposit (for your safety).
How to use Binomo?
If you are asking how to play Binomo, you are misunderstanding the essence of the platform. This is a platform for trade, not a game.
Binomo trading platform gives opportunity to its clients to have additional income via trading the financial market online. The only thing you have to do is to make the correct forecast regarding the chosen asset. You have to foresee whether the asset price will UP or DOWN within the selected time frame.
Once you log in, to forecasts, you can check the expiration dates and the concluded trades on the left sidebar. Also, examining the candlestick chart and other charts with indicators would be helpful.
If you want to follow some specific steps regarding trading strategies, you can visit the Strategy section to find which Binomo strategy suits you best at this particular moment.
Education
Binomo offers several educational materials such as a demo account, strategies, tutorials (Help Center), and a glossary of terms. There are plenty of educational videos on the internet as well. You, as a trader, always have numerous materials to enrich your trading skills.
Download the app
Do you know how to use Binomo for trade on the app? It is a simplified version of the website, but trading is as user-friendly as it is on the website. You can trade anytime and anywhere. Go to AppStore or Google Play to download the trading app. Then you can Binomo login as usual and start trading on the go.
If Android users have problems downloading the application through Google Play, they can download the Binomo apk from the link https://binomo.com/in/promo/android.
Conclusion
Don’t forget that there is no such thing as easy cash in the current world we live in. You have to learn, train and master your skills in online trading too. Binomo provides every possible opportunity that is needed to learn online trading. Through studying strategies, trading on a demo account before switching to a real one, and analyzing charts in-depth, you will likely stay ahead in trade. Even though trading offers some pecuniary benefits, never forget about the risks of losing your deposit if you make the wrong forecast.
