Ever wondered about finding a safe trading platform that is secure and user-friendly? Binomo is an e-trading platform that provides a variety of features for both beginners and experienced traders. This article review will delve into all that you need to know about trading on Binomo in Saudi Arabia.
What you need to know about Binomo
Binomois an online trading platform created in 2014. Some traders might have doubts whether it’s illegal or not. The company offers trading on an internet platform that is secure and safe. It is registered and has a real address which you can check on the website.
There are several reasons why you should trade using the Binomo platform. It offers many ways to learn, invest and trade. It has a defined tier system for accounts so you can choose the one which is more preferable for you.
Binomo is not a scam, it is safe
With the growing number of online services, individuals are becoming more cautious. Traders need to know whether Binomo is a fraud or not. They can be calm because this platform is not a scam but a safe and secure broker. It has a real office and the International Financial Commission regulates the company, so it’s not a fake. The business has been classified as a category “A” member since 2018.
Verify My Trade (VMT), a specialist company that validates Binomo’s trade execution quality audits regularly. Binomo was given a certificate of trades quality once the auditing was finished. Check traders reviews on forums if you wish to know other traders’ opinions who already tried the platform.
Before you start your trading journey, you must complete the registration process by creating an account. you may sign in via the website www.binomo.com or by using the mobile app.
Binomo also features an automatic verification process that might be initiated by the platform. How does it work?Head to the websiteto learn more.
Account types
Binomo provides four different account categories for trading. What’s the difference between them?
Here we help you figure out howBinomoworks. The platform offers free resources on their website because trading requires a good education. You get access to tutorials, also a Demo account for practising, tournaments, the Help Center and trading strategies.
Demo account
The Demo account is used for training and learning how to trade. You can gain trading experience with a free $1000 virtual fund. Users may learn by testing out different trading ideas and techniques to see how they perform and practice how to close a trade. A Daily Free tournament is also available on a Demo account.
Strategies
The Binomo platform offers you trading strategies. Of course, they do not guarantee 100% success. There are no “winning strategies” because it is not a game but rather an opportunity to put your trading skills to the test.
Help Center
The Binomo platform features a Help Center that answers all your frequently asked questions (FAQs) on how to:
So it basically serves like Wikipedia with tips for traders. You can also contact a Binomo support team via chat/email in case you don’t find an answer to your query.
Deposit and bonuses
First, you need to know that a minimum deposit of $10 is required for trading with real funds on the Binomo platform. If you want to use Gold or VIP accounts, you must make a total investment of $500 or $1,000 respectively.
There are various payment methods available. you’re able to use such popular deposit options like VISA, MasterCard, Advcash, Skrill, Perfect Money, Webmoney WMZ, etc. (PayPal isn’t available among them). You’ll get proof in the Cashier section once your deposit is delivered.
The Binomo platform offers users bonuses depending on their account type. These bonuses are available to you if you:
Head to the terms and conditions section to read more about how to use bonuses and understand how they are applied on Binomo.
How to trade on Binomo
If you want to know how to play on Binomo, remember it’s not a game but a platform requiring education and experience.
The best approach to take advantage of the opportunities that Binomo has to offer is to set aside some time to study how it functions before you begin. Here are the steps on how to trade:
Note!Don’t use signals or bots because they are cheating.
Withdraw funds
Let’s learn how to withdraw money from Binomo. You may only choose the same payment method which you used to fund your account. The minimum withdrawal is $10. The time of withdrawal is from several minutes to three days depending on the account and the payment system. There is no commission when withdrawing cash from the platform. For example, IQ Option vs Binomo charges a commission of $31 for wire transfer.
Note!According to regulations, Binomo has a withdrawal limit of up to $3,000 per day, up to $10,000 per week, and up to $ 40,000 per month. Also, limits can be set by the chosen payment system. Check the withdrawal policy to learn more.
You can use the platform through a mobile app, not just on your PC. It makes Binomo accessible to you anytime and anywhere you are, even if you’re travelling.
For Android and iOS
Go to your Google Play if you use Android or the Apple store if you use an iOS device and look for the Binomo logo to download the trading app. Install it on your phone or tablet.
If you’re having trouble installing the Binomo app on Android, there is another way to invest and trade on the go. No need to hack, download the APK file at the link:https://binomo.com/en/promo/android.
You, however, won’t find any Binomo software for your Windows or Mac PC because the application is only available for mobiles and tablets. Instead, use the desktop version of the website logging in through the browser.
Conclusion about Binomo
Now you know what Binomo is and how it works - it is an innovative and legit trading platform with various features available for both beginners and experienced traders. It gained great reviews on the net about its website and the app.
We hope that you learned thatBinomois not about how to make money, but it’s a trading platform where traders use their skillset to get additional profit. Get started and be aware of risks - there is always a risk of losing funds.
Note: This article is for information purposes only. It is not intended to be investment advice.
