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Binomo India Review – What It Is And How To Use It

About Binomo

Trading platforms are obligated to provide good quality of trading to traders – Binomo knows this and has been providing quality services to its clients since 2014. The initial years of the Binomo website served as a learning experience for the company. However, since 2016, the Binomo trading platform has grown to become a major investment site for legal trading in India and other countries around the globe.

What is Binomo Trading?

Binomo is a provider of topnotch services and support related to brokerage. It is a convenient means of generating extra income by forecasting if the price of a commodity will rise or fall. Aside from earning on the Binomo platform, you can also improve your trading skills via the many educational tools on the site.

binomo

Binomo Sign In and Registration

Before trading on the site, you will need to register with Binomo. Signing up is quite straightforward. You will be required to provide an email address and a password to create an account. Next, select the currency you wish to trade with and accept the terms and conditions for using the site. That’s it. Once registered, you can always sign in to your account with your Binomo login details.

Account Type

Binomo provides four major account types that cater to different clients:

Binomo Demo Account

This is a free account that Binomo opens for every user upon signing up. You are given $1000 as a demo fund to trade with. This allows new users to learn the ropes of the Binomo invest trade world without using real money. You have access to trade 20+ assets with a demo account.

Standard Account

This account uses real funds for transactions, and you can open one with a minimum deposit of $5 in India. You can enjoy a 100% deposit bonus and 85% profitability (in case of correct forecast) with this account. You can access 40+ assets and withdrawals take a minimum of 3 days to be processed (depending on your withdrawal method).

Gold Account

With a deposit of at least $500 over time, you are entitled to a Gold account. Via the site or the Binomo trading app, you have access to 50+ assets and 90% profitability (in case of correct forecast). Asides other perks, you can withdraw your earnings in 24 hours (depending on your withdrawal option), enjoy a 150% deposit bonus, and a 5% cashback offer.

VIP Account

Deposit $1000 over time via the site or Binomo app and start enjoying VIP privileges such as:

  • Trading 60+ assets
  • Withdrawal in four hours (depends on withdrawal method)
  • 200% deposit bonus
  • 90% profitability (in case of correct forecast)
  • 10% cashback reward
  • Risk-free trades

How to Use Binomo

You might have come across (or might have asked) a question like “How do you trade on Binomo?” – first of all, trading is not a game and should not be treated as such. It involves real assets – always remember that. When you sign in to your account, you will be shown a chart that displays price changes of certain commodities according to supply and demand.

As a trader on Binomo, you forecast if the chart will rise or fall. Trading on Binomo usually involves the following activities: selecting asset(s), choosing an amount to trade, setting your trade time, opening the trade, and finally closing the trade. If your prediction is correct, you earn profits on that trade. There are Binomo education resources available on the site that can assist you with your forecast.

Deposit and Withdrawal

Deposit

To make payments into your account, visit the cashier section and select your payment method of choice. Enter your desired amount and follow the payment instruction to complete the funding of your account. You can make use of bank cards, e-wallets, or local payment systems.

Withdrawal

Note that you can only withdraw via the deposit method you selected to add funds to your account. You can make withdrawals at the cashier section with a minimum request of $10.

Binomo Education

You can get trained on the site by watching Binomo tutorial videos, reading through the FAQ, or the glossary of terms. Don’t forget that you can also use the demo account to teach yourself how to trade without losing real funds. There are language options on the site, and you can choose to learn on Binomo in Hindi.

Binomo app review

binomo app review

Binomo has a trading app that you can use to earn additional income on the go. You have an option of a Binomo app download right from the website, which will take you to the Apple App Store or the Google Play Store. You can also visit these online stores directly and with a simple search query such as “What is Binomo app”, you should find the app. Android users can also get the Binomo APK on the site https://binomo.com/en/promo/android.

Binomo Real or Fake?

If you google “what is Binomo”, you might find other related searches like “binomo fraud”, “binomo scam”, “is binomo safe”, etc. This tells you that a lot of people are worried about the safety of their funds on the platform. However, you can rest assured that Binomo is a genuine trading platform and is currently ranked as an “A” member with the International Financial Commission.

Binomo Online Review India

You can find video reviews about Binomo India on YouTube. A number of these reviewers talk about the Binomo platform and answer questions like “Is Binomo legal in India?”, among others. Here are authors who post Binomo review videos:

Conclusion

Binomo has shown itself to be a truly client-serving trading platform. From the tutorials to the indicators, charts, and demo account, one can say that the site is genuinely interested in helping with training and trading. You can also take advantage of the perks Binomo offers to its users to earn additional income. Always remember that trading is a risk, and you should get adequate knowledge before investing your funds.

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