What is Binomo? Is the trading platform legal in India? Binomo is an online trading platform that provides an exciting opportunity to trade assets on the financial market. The trading platform delivers top-notch analytical services, education, and expert tutorials to help clients learn how to trade.
What is Binomo in India?
The big question now is whether Binomo is legal in India. Or say if it is real or fake. The fact of the matter is that Binomo is real and also safe for trading. You have nothing to worry about in this matter.
The company made good use of technological advances, especially the internet, to create a fantastic opportunity to trade globally. Also, you can rest assured that Binomo is a genuine trading platform and is currently ranked as an “A” member with the International Financial Commission.
Is it safe?
To answer how safe Binomo is, you should know that the company is duly registered and proven to be dependable for years. Since its existence, Binomo has built for itself a reputation as a reliable online trading platform in India.
The company ensures that it provides quality service and accessibility for all its clients. Binomo shows a high level of professionalism and reliability in its dealings. So yes, Binomo is safe for trading in India.
Account type
There are different types of accounts that you can use on Binomo. The purpose of each one of them is to adequately cater to the individual needs of the various traders of Binomo that uses it.
Demo
After you sign up, you automatically get a free virtual fund of $1000 in your demo account. This virtual fund is what you use to learn practical trading as you get more familiar with how it works. With this virtual fund, you can properly learn how to trade without any real capital spent.
The features of the demo account include:
- Assets available are about 20+
- Access to a free tournament
- You can learn new strategies and ideas before real trading.
How to trade on Binomo?
You need to sign in to account for you to begin trading. On the website page, go to the top right corner just above the chart to check what account type you signed in with.
After making sure that you can choose which asset you want to use for trading, whether USD/EUR.
Then you set the time and what amount you want to trade. Study the charts to make a forecast of how the chart will go. Depending on what your analysis tells you, choose your prediction for the chart direction by either clicking green or red.
After clicking that, you need to wait for your set time to elapse and check if your prediction is correct. If it’s accurate, your earnings will be paid immediately to your account.
Registration and Login
You have to sign in to start your Binomo trading. The steps are straightforward:
- Go to the Binomo website and click on the Sign-up button, which will display the registration page for you.
- Input your email address at the provided space.
- Submit a strong password with the right combination of numbers and alphabet.
- Then you can choose your preferred currency.
- Please go through the Terms and Conditions, then accept it.
- Then click the “Sign up” button when you are done.
- Make sure you confirm the verification email that will be sent to you.
With that done, you can sign in to your account at any time and on any device to trade. There is no need to worry; the website is made available in Hindi as well.
Deposit and Withdrawal
To make deposits and withdrawals is not a hard thing to do on the Binomo platform. There are various payment options available on the website. You can select which of them works best for you.
After the payment system verifies any transaction, it is considered complete. Any withdrawal you make into your bank, which is in a currency, is converted based on your bank’s exchange rate.
The minimum deposit for Binomo India clients to open a standard account is 5 EUR/5 USD/350 INR. The minimum deposits for the Gold and VIP Binomo accounts don’t have to be once but rather cumulative deposits.
Education
It would be best if you acquire adequated education before you think about real trading. The good news is that you have everything you need on the Binomo website. The platform has free and high-quality resources to help you learn how to trade like an expert:
- Glossary of Terms;
- FAQ;
You can take the full advantage of the relevant tutorials made available on the Binomo trading platform. When you are good with all the learning and demo trading, you can start trading with a real account like a pro.
Binomo App Review
It can be tiring to keep visiting the website whenever you want to check your financial investment trade. This is the reason why Binomo launched its mobile app to make trading a lot convenient for you.
You can find the binomo app on both Google Play Store and Apple app stores. The android and iOs users can download the app from their respective stores.
The mobile app grants you access to your notification and transactions with minimal stress. An alternative way for android users to get the app is to download the APK file through any browser (https://binomo.com/en/promo/android).
Nonetheless, you should note that you can’t fully substitute the website with the app as it doesn’t bear the website’s full features. For instance, you need the website to get in-depth analysis.
Conclusion
Binomo trading platform provides an outstanding opportunity to trade online and get extra income. There are many features and services it has to make sure you enjoy a splendid experience trading.
Nonetheless, you must note that trading has its financial risks. It is possible to lose all your funds at a go if you give a wrong forecast. The more reason you need proper training and expert tutorials to trade and manage these risks effectively.
