Are you in South Africa, looking to start trading on a legit online platform, and wondering if Binomo is the right choice? You’ve come to the right article.
What is Binomo?
Binomo is an online investment platform set up by Dolphin Corp., whose head office is located in St. Vincent and the Grenadines.
How to Access Binomo
You can access Binomo either via the app or their official website.
To use the Binomo trading app, install it from Google Play or App Store. To access Binomo on your PC, go on their official website.
Is Binomo Legit?
There is a lot of proof that shows that Binomo isn’t fraudulent or illegal. For one, the company has been regulated by the International Financial Commission since May 2018.
In addition, Verify My Trade conducts a monthly audit of 5,000 trades and confirms their quality with a certificate.
If that’s not enough proof for you, read about its regulation on their website or browse through online reviews, like on brokers’ forums.
Note: Carefully fill in your details while signing up because you may not be able to change some information after registration, like your currency selection.
Binomo Demo Account
Binomo is one of the most user-friendly platforms for seasoned and amateur traders because of its tutorials and training tools. Upon the first login, users get a demo account credited with $1,000!
This amount is virtual, so demo account holders cannot withdraw their profits. The sole aim of the funds is for training.
How Does Binomo Work?
After signing up and setting up your account, there’s a lot to explore on Binomo.
Binomo has comprehensive educational materials for traders to learn everything and anything about trading on Binomo. While the platform doesn’t give tips and signals, some sections will help develop your trading skills.
To further improve your experience on Binomo, they have a Help Center. In this section, you can find answers to FAQ’s, like how to close your account or complete the verification process.
And if you need more information, the cool chatbot Cody or a live support agent will be ready with your answers. You can also decide to write Binomo support an email if that’s your style.
The platform also offers a wide variety of tactics for novice and experienced traders to practice and experience better trading outcomes. Binomo helps you improve on your trading skills through activities like tournaments and competitions.
Apart from other paid competitions, every day, you can participate in a FREE tournament where you get to flex your trading skills in real time using virtual currency.
Investing and Trading on Binomo
To start real trading, a minimum deposit of $10 is required to open a Standard account. The best part about Binomo is it supports various payment methods in South Africa, like Bank transfers, cards, and e-wallets, but not PayPal.
You can decide to open either VIP or Gold accounts to experience more benefits. Binomo is such a money saver; it gives all new clients a 25% first deposit bonus! They also allow the use of free coupons and codes to further reduce the cost!
And that’s not all. Binomo has a trading feature called fixed time trade (FTT) where users gain profits by making accurate predictions on the rise or fall of assets.
How to Withdraw Funds
The withdrawal process is easy and stress-free. For security reasons, your withdrawal options will be restricted to those you used to deposit.
The minimum withdrawal is $10 and unlike other trading platforms, Binomo doesn’t take commissions for withdrawal!
Although Binomo helps you save more through discounts and no commissions, without the right information on trading, you could lose more than you earn. So, take your time with the demo app, competitions, and tournaments and build your trading skills to make the most of your Binomo experience. MORE…