Using Binomo in India – What you should know about the platform
The fact that you are reading this review in the first place suggests that you are here to learn more and see how you can get started trading on the Binomo platform.
So, in the Binomo review, we are going to provide you with information on how to use it, about the unique benefits offered by Binomo in India, and more. But, top on our agenda is the question “What is Binomo trading?”.
Binomo India – what is it?
Binomo is one of the trading platforms that’s taking the world by storm. One reason for their quick progress in the industry is the uniqueness and reliability of their services. Unlike other trading platforms, Binomo offers its members free tutorials, trading tips and even allows them to invest as little as $5 to start trading (for Indian traders).
And, what’s even more amazing about it? On binomo.com, you get access to more than 60 assets to trade and extra earnings from.
Is Binomo legal in India?
Is Binomo real or fake? Let’s find out together!
Binomo is a sub-company of Dolphin Corp, a St. Vincent and Grenadines-based company dedicated to financing and investment services. Since 2014, this platform has provided quality trading services to its users and has several prestigious awards in the industry. Among these are IAIR and FE, which it got in 2016, and 2015, respectively.
If, since it started, it has won so many awards, would that be enough to say Binomo is safe?
More convincing about the trading platform is the fact that it has been confirmed, successfully, by the Financial Commission, one of the reliable regulators of financiers in the world, as an A category member.
Binomo has also been accredited by Verify My Trade. This means it’s a trusted financial platform and you shouldn’t worry about falling for a Binomo scam or fraud if you go ahead to trade on the platform.
Nick Fors: “Everything is in order. By the way, you can look at strategies in the strategy section and try free on a demo account”.
Shekhar Bhati: “Just used once Binomo and their guidance toward trading I like the most”.
Rohit Rawat: “I have tried this Binomo app and I am happy this app is great and I follow the trades whenever I want”.
Tutorial how to use Binomo
To use Binomo in India, you have to own an account. If you don’t have one, you’re required to create an account before you move on and this shouldn’t take more than 2 minutes to complete.
Sign in and login
To create an account, launch the Binomo website on your browser or app.
- When the landing page appears, click on the yellow button “Sign In” and sign-up window.
- Input your login details into the boxes on the window. I.e., your password and email.
- Choose a currency you’d like to trade with. This stage is highly crucial as it is impossible to change the currency after registration. So, make sure you’re choosing a currency that perfectly suits you for trades. This could be INR, USD, etc.
- Choose a preferred language to trade. You can even trade Binomo in Hindi.
- Tick the agreement box to signify you agree with the company’s terms. Don’t forget to read the company’s agreement form.
- Finally, click the sign-up button to launch your new account.
Congratulations! You’ve just created your Binomo account.
Note! Alternatively, you can use your Google or Facebook accounts to login to Binomo.
Once you create an account, Binomo immediately launches a demo account for you. This account is created so you can learn all the features of Binomo trading by trial. You get to know how to deposit, trade assets, set up trading terminals, and more.
This demo account is pre-loaded with a capital of 1000$ (virtual) and, as its name suggests, is not real. So, the capital is not withdrawable. Once you get used to the Binomo demo, you can make a minimum deposit of $5 to start trading. You can also visit the Help Center for more information on the platform.
Asides from this demo account, Binomo also offers tutorials to newbies as well as to experienced traders. As a user, you’re allowed free access to the Strategies section and this is invariably set to increase your trading skills.
You are also not excluded from tournaments (both free and paid), which will help you understand how to use Binomo to get additional income and diversify your trading.
Note! If you are thinking how to play Binomo, then this is wrong. Traders invest and tradehere, but do not place bets or guess.
Deposit and Withdrawal
As we said above, the minimum deposit on Binomo for India is $5. To deposit, go to the Сashier section on the platform, and choose a payment method. Indian users are allowed to make payments using their bank cards or e-wallets:
- Indian exchanger
- GlobePay, etc.
So, choose the payment method that you prefer the most and initiate your deposit or withdrawal.
Note, however, that withdrawals can only be made using the same payment methods you’ve used in initiating a deposit before. Withdrawal times from Binomo (regardless of whether you are using a website or a trading app) range from a few minutes to 3 days or more. This time depends on the status of the account and your payment system.
What is the Binomo app?
If you’re the type that likes to trade and monitor your investments in real-time, then the Binomo app would be a great alternative to the website.
Most of the Binomo app reviews online describe it as a user-friendly and quick medium for trading. You can even deposit and withdraw on the app without having to go through your browser.
To download the Binomo app, search your store, whether on an Android or iOS enabled phone, and install the app.
Android users can also download the Binomo Apk directly from the website by clicking on this link (if you have difficulty downloading it from Google Play): https://binomo.com/en/promo/android
Through this review, you have learned how to trade Binomo in India. Now, it’s time to start trading!
But, you must understand; with every trade you make comes certain risks you must be willing to take. Binomo as a trading platform may be a great place to start but it doesn’t exactly take away the typical risks of investments.
It can only help to reduce them. So, as an investor, you must be fully ready to face these risks. Do not invest more than you’re willing to lose, and be sure to use a demo account.