Binomo trading platform review

 

The Dolphin Corp Company developed Binomo in 2014. The company has been consistent with delivering high-quality services to all its clients. Its headquarters is located on the First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent, and the Grenadines. You can access their services via the Binomo website (binomo.com), and its mobile app.

What is Binomo in South Africa?

Binomo is an international company that focuses on its clients and delivers one of the most reliable online trading services. The company has got thousands of traders from over 130 countries. Binomo is an international trading platform that is both legal and safe for trading in South Africa. You need to sign up, learn strategies, practice on a demo account, and start trading with Binomo on either the website or mobile app.

Binomo is registered and regulated by the International Financial Commission. This implies that the company is subject to accountability and auditing to ensure the company consistently maintains its standards. It’s not reasonable that the company would want to mar its years of extraordinary reputation. With Binomo, you get to enjoy a high level of professionalism and reliability in all your transactions and interactions.

Reviews

Noni Angel: “With my trading experience, I can tell you confidently that what you need is trading skills. Binomo is excellent as an online trading platform. The fact is that people are always hasty; they want to start getting additional income the following week. It requires trading expertise. I learned much from the demo account trading, and now I’m a lot better”.

Mohammed Haman: “It is funny how people are not ready to take the time to invest in themselves. You need to learn the necessary things before taking up trading. When things go south, Binomo has no fault if you didn’t learn. Just remember and then invest. That’s when you will know what is fake or real”.

Thebe Makoloi: “Based on my experience with other trading platforms and having done many trading myself, I can tell that Binomo is good. Everyone needs to realize that online trading is not for the faint-hearted. It is a risky endeavour. But I can assure you that Binomo has all that you need to have extra income”.

Gift Malose: “I learned a lot from the educational resources that were offered on the website Binomo. I must say that they were enlightening; I practiced a lot with the demo account. But now I’ve started real trading, and I’ve got profits already”.

Nduduzo Siwelai: “Binomo is a registered trading platform, and it has been established for many years now. They have their own headquarter building where you can contact them. These are some of the things people don’t know, and they keep speculating that Binomo is a fraud. It’s not right at all”.

Sign in and Login

To begin trading on Binomo, the first step is to sign up and create an account. The registration steps are readily available on their website https://binomo.com/ or mobile app:

1. Go to the Binomo homepage; at the top right corner, you will see a Login button.
2. Click the button, and then the Signup Page will be displayed on your screen.
3. Submit all your relevant information on the page, including your email address, strong password and preferred currency.
4. Ensure that you read through and accept the terms and conditions for the Client Agreement and Privacy Policy.
5. When you are done with that, click on the button that says, “Create an account,” which will complete your registration.

You should get a confirmation email that has a link to validate your account details and email address. After all that has been completed, you can start trading.

Account Types

Binomo has different account types available for trading. You can use any of them as long as certain requirements are met. However, the easiest to acquire is the Demo account. It is also called the Free account. The demo account is generally for learning how to trade and practicing with free virtual funds.

You can get hands-on experience trying out different trading ideas and strategies and seeing the outcome. The remaining account types for Binomo include Standard, Gold, and VIP accounts. 

Bonuses

There are various bonuses on Binomo that can be obtained in three ways:

• activating a no-deposit bonus or a bonus code;
• deposit funds in your account: Standard — up to 100%; Gold — up to 150%, VIP — up to 200%.

You can get no-deposit bonuses via your personal manager (on some offers), if you are the owner of Gold or VIP accounts, or in accordance with promotions run by Binomo.

How Binomo works?

Before you start trading on Binomo, you need to understand how it works so that you can trade like a pro. You can begin by trading with a demo account and reading up the information provided on the website.

For real trading, follow these steps:

1. Go to the upper right corner, above the chart and choose a real account type.
2. Select your preferred asset, whether it’s EUR/USD. Then you can set the amount and time for your trade.
3. You should carry out an in-depth analysis of the price movement on the chart to make your forecast. It is this analysis that will help you give a correct forecast.
4. If you reckon that the asset price will increase according to your analysis, click on the green button. But if it will reduce, you can click the red button.
5. Wait for the trade to be completed, and then check if your forecast was right. If your forecast is accurate, the transaction will be completed successfully. The profit made will be paid immediately into your account.

It is possible that you won’t feel comfortable trading at first. It takes time to be very good at trading. Start by exploring the trading platform and become familiar with the interface and the different account types.

Strategies

You need effective strategies to trade professionally. There are rules that are interconnected and strict for using tools such as lines, indicators, etc. You can use them to achieve good forecasting for profiting using price movements.

Tutorials and FAQ

Learning is essential. Don’t take chances with your funds by not taking tutorials before trading. It is a good thing that Binomo provides educational resources already on its website. You can access all these educational resources and analytical data to help improve your analytical skills and forecasting. If you take all these instructions to fair use, you will be able to make correct forecasts and get additional income.

Deposits and Withdrawal

You need a minimum deposit of $10 on your Binomo real trading account (Standard) or its equivalent in the South Africa currency (~155 ZAR). You are only allowed to withdraw in the bank account you used to deposit into your Binomo account. It is possible to make a withdrawal into your verified card or e-wallet. Other means of withdrawal are also available on the platform. However, you should check the minimum allowed in your country for withdrawals.

Download trading app

Binomo has a mobile trading app that provides convenient accessibility compared to the website. You can download it on your device, either an Android or iOS smartphone. To download the app, go to your mobile app store, search for the Binomo app. Download the trading app and install it on your mobile device. You can start enjoying trading on your app everywhere.

Binomo app is only available for Android. The file can be downloaded from the link: https://binomo.com/en/promo/android.

Is Binomo a scam or not?

Binomo is regulated by the International Financial Commission, and it holds the company as a category ” A” member. If there are any complaints whatsoever, Binomo support is ever available to help.

Binomo was being audited by Verify My Trade (VMT), a specialized service that certifies the quality of trade execution. After the whole auditing, Binomo was awarded a certificate of quality of trades. This shows that Binomo holds delivering high-quality service consistently as foremost. It also indicates that Binomo is not a fraud, but a reliable trading platform.

Conclusion

With Binomo, you get to enjoy an excellent opportunity to earn extra income by trading online. You can get up to a 90% profit whenever you give a correct forecast. But you should be clear about the risks involved in online trading. In an instance that you give a wrong forecast from your chart and trade analysis, you stand at risk of losing much of your deposit. Please have this settled in your mind when you begin your trading on Binomo.