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Binomo Review India – is Binomo Real or Fake?
by Bob F. CCOBinomo is one of the world's most popular brokers that offers an online trading platform where financial investors can earn additional income. It is managed by Dolphin Corp, a company that was founded in 2014 and registered in St. Vincent and the Grenadines.
Its online trading platform is designed to accommodate both beginners and professionals.
Binomo real or fake
This is a very important question at the back of every investor looking for an online trading platform since there are very many scams.
Binomo is a category A member of the International Financial Commission, the regulatory authority of the Belize government. This shows that it is a legit broker.
Since its foundation in 2014, Binomo has earned several awards due to its great services. It has been awarded FE awards and IAIR awards.
It also offers a demo account where new clients can test its trading platform before investing with it.
Is binomo legal in India?
Binomo is open to Indians who may want to invest with it.
It allows Indians to access Binomo in Hindi so that they can easily manoeuvre within the platform.
How to use Binomo
Binomo platform is very easy to use. Traders can forecast the changes in the market prices on a variety of financial assets and benefit from fixed profitability within short timeframes.
Traders choose the asset they want to trade, choose the duration of time they want their trade to last, how much they want to invest in each trade and then predict the direction of price movement (whether up or down) to place a short (down) or along (up).
The platform also offers investors with an overview of the majority opinion of whether the market is going up or down.
The platform also provides clients with a variety of tools to help them during trading. These tools include indicators, strategies on how to combine the indicators and also how to interpret the signals from the indicators, and an economic calendar showing major economic events around the world.
However, for you to use Binomo online trading platform, you will have to first register for an account.
Registration and Binomo sign in
Registering for a Binomo account is very easy. Visit their official website and click on the ‘Sign in’ button at the top right corner.
To register, you will be required to provide your email address and the currency you want to use as the base currency. Then click the ‘Create Account’ button.
You will be automatically redirected into the Binomo demo account that is funded with $1000 or equivalent in the chosen currency.
You can trade on the demo account as long as you want.
If you want to trade on a real account, you will require to verify your profile through an emailed link address, make a deposit and choose the account type.
Account type
Besides the demo account, Binomo offers three other account types. The Standard account, the gold account and the VIP account.
All three accounts have different features.
The standard account requires an account balance of $10, clients receive a deposit bonus of 100%, withdrawals take a maximum of 3 days and profitability is up to 85% (in case of the correct forecast).
The gold account requires a minimum account balance of $500, clients receive a deposit bonus of 150%, withdrawals take a maximum of 24 hours depending on the withdrawal method, profitability (in case of the correct forecast) is 90% and there is also a 5% cashback.
The VIP account requires a minimum account balance of $1000, clients receive a deposit bonus of 200%, withdrawals take a maximum of 4 hours depending on the withdrawal method, profitability (in case of the correct forecast) is 90% and there is a 10% cashback.
You do not have to achieve the minimum balance requirements of the Gold and VIP account in one deposit. It can be attained by accumulating the balance through trading. Once the balance is attained you can upgrade to the next account type.
Deposit
There are a variety of options for making deposits in Binomo depending on the clients’ location. These options include bank cards, e-wallets and cryptocurrencies.
The method used to make a deposit is the same method that can be used to make a withdrawal.
What is Binomo app
You can download Binomo App from PlayStore and App Store to use Binomo on your smartphone.
However, it is important to note that the mobile application has less financial instruments to trade and less functionality compared to the web platform.
If you want to download the mobile application as an APK, you can download Binomo APK from the official website.
Education
Binomo also has a training section where traders can access Binomo tutorials in the form of video tutorials and glossary of terms they may encounter in their experience in Binomo.
To access the education section, click on the three dash lines on the top left corner, then click Training and choose between video tutorial and glossary of terms
Why you should try Binomo
Binomo is your honest trading partner. It is a legit broker and the minimum deposit required to start is only $10.
It also offers tournaments to its traders where they can compete and earn an additional income.
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About Bob F. 
CCO
5 connections, 0 recommendations, 15 honor points.Joined APSense since, September 23rd, 2019, From Croydon, United Kingdom.
Created on Aug 25th 2020 10:46. Viewed 1,286 times.
Comments
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Sankar Aluru
BrokerIn all the things I'm always seeing people say about Binomo, they are all just the same. The big question is always about if it is real or a scam? My question is, did you invest in it with proper training, watched all the tutorials, and practiced very well on the demo account, and you still lost? It is funny when people are not really to take the time to invest in themselves and learn the necessary things before taking up trading and when things go south, Binomo is the criminal. Hilarious! Just learn and then invest. That's when you will know what is fake or real. Nov 13th 2020 02:39 |
I've just come to realize that Binomo is really, really good. When I first heard about this online trading platform, I had all kinds of doubt, and I was terrified to lose my hard-earned money to some scammers online. To make matters worse, I saw many comments about it being a scam or that it is actually fake. At the same time, I saw many comments talking about how good the platform is and all the free resources they offer and the demo account. The demo account encouraged me to start since I won't be losing anything. I got so good that I didn't think twice about investing in it, and it has been going smoothly.
Nov 9th 2020 09:19