The first and the main question when diving into the trading is the platform that is going to be chosen. Among all the criteria, it is possible to have a hard time trying to select one of the most secure and advantageous platforms in Pakistan. However, one of the platforms is really making a stand through the field thanks to its security, convenience, and opportunities. It is Binomo which has become a popular platform in Pakistan, and in this article, we are going to make a review about it, and explain how it is covering all those criteria.
What is known about the Binomo app and website in Pakistan?
Binomo is an online platform that enables its users to earn extra income through asset trading. It was founded by Dolphin Corp in 2014, and its users have access to advanced trading technology on it. Binomo is an international platform that serves countless countries, including Pakistan, of course.
Is Binomo real or fake?
As mentioned above, there are criteria while selecting a platform, and security comes first for many traders. So, is Binomo safe or not? Yes, it is a regulated and reliable platform through its certificates and awards, and not a scam. Let’s take a look at its regulation.
First of all, there is a commission that includes experts who protect the rights of traders. The name is The Financial Commission, and they certified the platform as a legit platform and state that Binomo serves its traders through a secure service.
Besides this one, there is also a certificate that was given to Binomo by Verify My Trade, and this one also states that it is a credible trading platform. Apart from the certificates, Binomo also received some prestigious awards that confirm the platform’s security: the FE Awards in 2015 and the IAIR Award the following year.
Registration and Login
To understand how to use binomo.com for invest and trade, you first need to register:
- Click the “Sign In” button on the login page, use your email address or Google/Facebook account, set a secure password.
- Select the account currency, but remember that it can’t be changed after signing up.
- Read and Accept the Client Agreement, and activate your account using the link from email.
As you can see, the rules for registering and logging into the platform are the same as for other users on the net.
We said Binomo is offering lots of advantages. Well, the account types that you are able to choose freely are clearly one of those. They are offered in a range of selections, and each one is offering different opportunities.
This type of account has been designed with educational purposes for trading, and it would be a solid recommendation of ours for the starters. A Demo account has a virtual $ 1000. They will help beginners understand what the Binomo platform is and how it works. Be sure to practice on a demo account before real trading to reduce the risk of losing funds.
It opens for trading after investing $10. This account comes with 40+ assets to trade, and it allows withdrawals (like other accounts besides Demo).
After you make a $ 500 cumulative deposit, you will have a Gold Account. It has over 60 assets to trade. Moreover, you can get 5% cashback which Binomo offers during unproductive weeks.
This account is yours after a cumulative deposit of $1000. There are 70+ assets to trade in this one, and for unproductive weeks, you will have a 10% cashback this time. A personal account manager will be in your service here. Other than all these, access to the VIP tournament and risk-free trade in some cases.
Tutorial on how to use Binomo
As we mentioned about the demo account and how suitable it is for practice, the platform also has several other features that demonstrate how to invest and trade on www.binomo.com.
First, there is also a Help Center. It is basically the Wikipedia of the platform. It is the FAQ section where you can get answers to the question you have about the platform.
In addition, the Strategies section contains techniques to help you trade wisely. It is important to be aware of the fact that there is not any strategy that can assure continued success in trading. In time, traders will get used to developing their own way of approaching forecasts and will learn how to alternate those strategies.
Tournaments are another way to understand how the Binomo platform works. Contests are available to all users for a certain amount. Demo account holders can only participate in the free tournament “Daily Free”.
Note! When you start trading on Binomo, remember that the use of signals is prohibited on the platform.
If you got to know the platform enough through a demo account, then it’s time to learn how to invest money in Binomo. The minimum deposit amount is $10 or the equivalent currency you are using. There are many deposit options, especially in Pakistan, such as JazzCash, EasyPaisa, CashMaal, Perfect Money, etc.
Bonuses continue the list of Binomo benefits. Traders can use three types of bonuses:
- Welcome bonus available after registration (in the amount of 25%).
- The deposit bonus depends on the account status: up to 100% for Standard, up to 150% for Gold, up to 200% for VIP.
- Non-deposit bonuses are credited to the account automatically as part of the company’s promotions.
To withdraw the bonus, you need to make a trade turnover. Details can be found in Binomo’s terms and conditions.
As one of the conditions of withdrawal, it is only possible through one of the same methods you used for making the deposit. This policy aims at security through the steps of the transaction process.
Also consider the withdrawal time, which depends not only on the chosen payment system but also on the status of your account. It can take from a few minutes to 3 days or more.
How to download the Binomo app?
The first thing we can say about the Binomo website and app is usability. And, as you can imagine, the Binomo app can be downloaded in the same way as any other app.
For iOS and Android
For iOS users, the App Store is where you can reach the app to download; and for the Android users, it is Google Play Store.
Also, if any of the Android users might have trouble while downloading it, there is an Apk file from the link: https://binomo.com/en/promo/android. Install, invest and trade wherever the Internet is.
The Windows or Mac users obviously also ask if there is any Binomo software for PC to download. However, there is no app for PC. It is only for mobile phones or tablets.
Is it safe to trade on Binomo or not?
To sum all these up, Binomo is a secure trading platform with lots of advantages and opportunities. It is always important to remember that the field involves risks such as losing the deposit, etc. Having continuous success is also not definite obviously, because it is up to your trading strategies and skills.
Also for those who ask how to make money on binomo.com, we must say that if after the review you still ask about it, we advise you to figure it out again. This is the wrong question because Binomo is a platform where traders use experience, skills, and analysis to trade and get additional income.
So, for those who understand what Binomo is and will accept the risks, we want to say that it is a reliable and convenient platform where you can invest and trade through its advantageous features.