Binomo is an online trading platform that has been around since 2014. It is a member of the Financial Commission. This organization assists in ensuring the customers’ rights. If there are any disputes between the traders and the broker, the commission will help come up with a resolution.
Therefore, investors have a guaranteed safety of their money as the trade in the platform. Since its launch, the broker has proven its efficiency and has seen itself appearing in the list of top trading companies. It runs through a reliable and straightforward system. Below are the frequently asked questions about Binomo online trading platform.
1. Is Binomo real or fake?
Is Binomo legal in India? Binomo is a legitimate online trading platform. It is a member of the International Financial Commission. That is an indicator that the broker commits to ensuring it professionally handles business practices.
2. How do you register your Binomo account?
Registering with Binomo is straightforward. It won’t require too many details, as you may find with some other brokers. You only require your active email address, and within minutes you can start to trade on the demo account.
The first step is to launch their website on your device and click register on the upper right edge. Feed your email address and a password in a displayed online form. Besides, you can register through your Google or Facebook account. Choose the currency you wish to trade with and create your account.
3. How do I log in to my Binomo account?
Launch the Binomo website ion your device and check the top right corner. Click the login button, which automatically brings a new window to feed your email address and password.
4. Which accounts are available?
Binomo has four types of accounts. One of them is the demo account that you train with as you familiarize yourself with the platform. The other accounts are standard, Gold, and VIP, which depends on the funds you are willing to deposit.
The standard account requires that you deposit at least $10. Most of the beginners go for this account as they begin trading. There is a Gold account that requires a minimum deposit of $500. It has more features than the standard type. Finally, there is the VIP account that requires a minimum deposit of $1000.
5. Does Binomo offer a demo account?
Yes. Binomo has a functional demonstration account. You don’t require any high to open a demo account. You only need an email address, and you are good to go. It comes with $1000 virtual funds.
6. How is the standard account at Binomo?
Binomo offers a standard account that you open with a minimum deposit of $10. It is the most famous account amongst beginners who are starting to trade real money. It gives you complete access to support services. Besides, you can also participate in tournaments and bonus programs.
7. What does the Gold account offer?
To open a Gold account at Binomo, you will need at least $500. The account has more to offer compared to the standard account.
An outstanding aspect of the account is that you get a personal manager who helps you manage your account. Besides, it exposes you to more lucrative trading strategies, and you have lost insurance. The withdrawal process at the Gold account is quick and takes you around 24 hours.
8. Is the VIP account at Binomo worth its minimum deposit requirement?
VIP account requires that you deposit at least $1000. The benefits that come with the account are worth such an amount of minimum deposit. One, you have transaction insurance. Besides, if your predictions are correct, you are sure of the highest profit on transactions. Besides, the withdrawal process is quicker than any other account from this broker. In four hours, you will have access to your funds.
9. How can I make payment at Binomo?
You can fund your account through Visa, e-wallets, MasterCard, and other local payment methods.
10. How long does processing a transaction account take?
The process is instant without any delay.
11. Is it possible to see the transaction history?
There is a section on your interface where you can find your whole transaction history.
12. Is there any exceptional characteristic of Binomo?
Yes, Binomo differs from most brokers. It offers you more trading opportunities with up to one hour expiration time.
13. Are there educative tools for beginners?
Yes, you will find education binary trading options on their website.
14. How can I change the currency in my account?
It is not possible to change the currency once you open an account with Binomo. If you wish to use a different currency, you have to block your current account and register another with your favorite currency. In this process, you will have to use a different email address.
15. What is the necessity of verification?
Account verification is crucial in confirming the identity of the account owner. It ensures that your funds are safe and protect your account from unauthorized login. If you wish to carry out account verification, take your identification documents and send them to firstname.lastname@example.org.
16. How does one participate in tournaments?
Once you log in to your account, find the tournament sections. Click the sign-up link. Binomo has paid and free tournaments. The system will show your account at the start of every tournament, and you trade in virtual currency. However, you rebuy using real funds.
17. Is it possible to withdraw deposits without using them to trade
Yes. You can withdraw your funds before you trade with them. However, there is a 10% withdrawal fee. Binomo sends you a notification telling you that you should pay a commission. If you agree, you will have to place another payout request.
18. Which assets can I find at Binomo?
Binomo offers more than 50 assets. You can access indices, cryptocurrency, currency pairs, commodities, and commodity pairs. Besides, you can find stocks from various companies.
19. What is the Binomo app?
Binomo provides a mobile trading application for both iOS and Android. Besides, there is a desktop version for maximum trading experience. The trading application updates you on tournaments and transactions.
20. How do I contact the broker in case of any difficulties?
Binomo gives reliable and honest response at any time of the day. You should not fret over any unnecessary charges. In case of any queries, you can reach the support team through email@example.com.
Binomo offers you access to premium online broker services. It is a legitimate platform that has built its reputation over the years. Besides, it is certified. The broker is suitable for both beginners and experienced traders. It gives you access to excellent tools and features that maximizes your trading experience.