Binomo Review 2022: How to Start Trading on Binomo As a Beginner
What is Binomo?
Binomo is a binary options trading platform providing brokerage services globally since 2014.
The Binomo platform is seamless, user-friendly, and straightforward.
It is one of the best options trading platforms that are currently available to trade with.
Besides primary trading; the Binomo trading platform offers investment insurance, investment training, and analytical support to all investors.
Is Binomo Legal in India?
Binomo is an investment platform that is fully regulated and operates in almost all countries except – The US, Israel, Australia, Canada, Turkey, Japan, Belgium, Latvia, France, and/or New Zealand.
The only way to make a profit on Binomo is to make correct predictions about the future value of an asset.
As an investor, your prediction should be based on adequate knowledge of the market.
Even so, trading is not hard. All you need to start is a registered account and the will to trade.
Use the form below to register a free trading account and get $10,000 units for demo trading. Or just click on this link to register
To make real money though, you must make a deposit of at least $10.
Types of Trading Accounts Available in Binomo.
Trading on the Binomo platform from India or from any country is easy. All you need is to choose an account from one of the 4 listed below; activate it and you are good to go.
1. The Binomo Demo account:
The demo account option is made for beginners especially those who do not know a thing about binary options trading.
As a demo trader, there is free $1000 for you to practice with on real market conditions.
Before you start trading on the live platform, ensure you have perfected your trading on the demo platform.
If you don’t know how to get started, here’s a simple illustration to guide you in executing your first trade.
How to Trade in Binomo.
There are a few steps involved in executing a trade-in Binomo.
- For starters, you will need to create a free trading account.
2. After registration you will be prompted to choose an account like in the image below. Click on the demo to start trading without risks.
3. Upon clicking on the demo, you will see prompts showing you how to trade on Binomo.
If you win, your funds will reflect on your account balance.
2. Binomo standard account.
After learning the basics of trading with the Binomo demo account, you can deposit at least $10 to start trading on a standard account.
The advantage of a standard account to a demo account is, when you win; you can withdraw your money from the platform and use it.
The standard account provides you with hands on experience as far as trading on the binomo platform is concerned.
You can start making profit as soon as your standard account active.
The minimum trade amount in Binomo is $1 and you can withdraw a minimum of $10 form the account.
3. Gold Account.
The binomo gold account offers you more options and benefits than the demo and the standard accounts.
Also, your chances of making profits are higher with this account type.
When trading with a gold account in binomo, you will get up to 5% weekly cashback on ost trades .
Deposit $500 to activate this account type.
Benefits of a Binomo Gold Account.
- Weekly cashback of 5%.
- Get a fixed profit of 86%.
- Get higher bonuses.
- Has a personal account manager.
- Free education from professional traders.
4. VIP Account.
You can activate the VIP account by making a deposit of $1,000.
Benefits of Activating a VIP Account.
- You get more assets to trade.
- Withdraw and receive your money in less than 4 hours.
- Get VIP support and education.
- Receive 10% weekly cashback.
- Get up to 100% bonus.
Commissions and service fees.
There are no charges on the transactions you do in a Binomo India trading account.
However, if you are not able to make double the value of your initial deposit, any withdrawal you make will attract a charge of 10%.
For example, if you made an initial deposit of $10, you will only be able to do a free withdrawal if the total balance on the account amounts to $20.
If you attempt a withdrawal from an available balance of $15, you will pay 10% of the amount you are withdrawing as service charge.
Binomo India Review – Deposit And Withdrawal Options.
You can make deposits into your Binomo India trading account through 9 different methods including: – VISA, MasterCard, Maestro, JCB, WebMoney WMZ, Neteller, Kiwi Wallet, AdvCash, Perfect Money and Bitcoin.
However, the most popular method to make a deposit in Binomo is the card option.
With your VISA and MasterCard, you can make direct payments into your binomo trading account in seconds.
How to deposit money to binomo using Visa/Mastercard, Skrill, and Bitcoin.
How to Deposit Money to Binomo Using VISA.
There are no hidden charges if you choose to use your cards for deposits.
However, it is better to confirm from your bank what the terms and conditions for use of the card for such transactions are.
- Click on the add funds button on the top left side of the dashboard.
2. You will see a prompt asking you to confirm your preferred payment method.
3. Enter the amount you want to deposit.
4. Enter your card details.
5. To authenticate your transaction, you would be required to input your card details (CVV, card number, card expiry date and your name).
How to Deposit Money to Binomo Using Bitcoin.
Bitcoin is another great way to make deposits into your binomo trading account.
After clicking the add funds button, proceed to choosing Bitcoin as your preferred payment method.
You will see a prompt that reads ‘proceed to payment’.
This will lead you to the payment page of the processor (usually cubits).
Enter the amount you would love to pay and confirm its BTC equivalent.
You must ensure this transaction is confirmed before 15 minutes else the session will be lost and you would have to start afresh.
Upon successful confirmation, the deposit amount will be added to your binomo account balance.
How to Use Neteller to Deposit Money to Binomo.
Making deposits from your Neteller account into your binomo trading account is as good as making use of your MasterCard or VISA card.
It is fast, easy and efficient.
There are no hidden charges too.
Neteller is available in several currencies and it is popular not only in India but also in other countries around the world.
- Click on the Add funds button on top of your trading platform.
- Choose the Neteller deposit method.
- Enter the amount you wish to deposit.
- Then click on the deposit button at the bottom right.
- Now enter your Neteller payment info and click on pay.
Full Binomo India Review – How to Trade on The Binomo Trading Platform.
The answer to this question is easy and straightforward.
You can also trade directly from the web.
The Binomo India trading platform is very interactive and extremely user friendly. It is easy to navigate.
And you can see the outcome of every trade you do from the transactions window.
We recommend that you use trading indicators and drawing tools to pick trading directions.
Best Indicators For Trading in Binomo.
Binomo has 14 different indicators that you can use to trade to improve your winning rates.
Among the indicators available in Binomo is: –
- The Moving average indicator.
- Bollinger Bands.
- The Alligator.
- Fractal Chaos Bands.
- Awesome Oscillator.
- Parabolic SAR.
- And Ichimoku Cloud.