How to use the Binomo platform in South Africa – A detailed overview
Have you come across the website Binomo.com but don’t know how to start trading? If your answer is a resounding yes, this review will help you to learn what Binomo is and how to invest and trade on the platform.
Binomo in South Africa – is it real or fake?
However, before we get into those details, let’s first get the answer to this question. If you wonder whether Binomo in South Africa is legit or scam, the truth is that it is legal, hence a trustworthy online platform for investment and trading.
One of the reasons why one can say that Binomo is safe, real and not a fake is the certificate from the International Financial Commission. It is a neutral organization that evaluates financial markets and only awards the transparent and high-quality organizations with the certificate.
Besides that, Verify My Trade acknowledges its legitimacy as a conclusion it made after an audit. Again, it certifies that Binomo is transparent and trusted.
What is the Binomo app?
The Binomo trading app is no different from other mobile applications. However, its purpose is to help you trade with Binomo quickly and conveniently. Regardless of whether you are an Android or iOS user, there is a version ready for download so that everyone can be at liberty to consider Binomo without much stress while at it.
Download for iOS and Android
To download a Binomo trading app for iOS or Android, simply visit App Store and Play Store, respectively. Search for the Binomo app, download, and then login. As for the Android users, you can also use this link to download the APK: https://binomo.com/en/promo/android – the page is available in English and other languages. It will surely help when the other option fails.
Note! Please don’t search for a way to hack the APK, it’s freely available on the website and it takes just a couple of minutes to download it.
Download for PC
It is possible to trade on Binomo on your desktop. However, don’t expect an app for PC since such an app isn’t available. On the contrary, use Binomo.com by typing its address on your browser or download a mobile app and login.
Sign up and Login
In the next section, we will cover how to sign up for Binomo. These are the steps:
- Go to the official web page to sign up.
- Click the Sign-in button on the right top side.
- Select Sign Up if you are new.
- You will have to read the Client Agreement and Privacy Policy and then agree to them.
These are steps for sign in or login to your account:
- Go to the website www.binomo.com:
- You will need to enter your registered email address on the login page.
- Enter the password corresponding to your account.
- Press the Login button.
Note! One of the tips about Binomo is never to forget that it doesn’t change the account currency you choose as you register. Therefore, once you select that currency, that’s final.
Trading education
There are several features helping to learn how to trade on Binomo. Not only beginners but also experienced traders can learn and practice there. Let’s discuss the ways of education and practice in trading available on the platform.
Demo account
After registration and login, users get a Demo account on Binomo. There are 1,000 virtual dollars available on the account that allow trading without using real funds. Take it to your advantage so that you don’t make a loss for lack of trading skills.
Help Center
You can learn how to use a Binomo trading platform at the Help Centre. It has frequently asked questions (FAQ) like “How to close an account” and their respective answers. In case you wish to talk to a manager, contact the support service via email or live chat.
Strategies
Equally important, users can get practice in trading using strategies. It is recommended that you use more than one strategy when you make a forecast. Keep in mind that using the strategies on Binomo doesn’t guarantee you extra profits and there is no “winning strategy” because trading is not a game, it requires analysis, practice and experience.
Tournament
Last but not least, you can learn and practice trading by participating in tournaments. Beginners sometimes ask how to play the Binomo tournament, but this is not correct because trading is not a game. It requires analysis, knowledge and experience. There is a “Daily Free” tournament available for traders even on a Demo account while other contests are paid, but the bottom line is that they are ideal for practising. Keep participating in the competitions to learn and have an opportunity to get a prize through the latter depending on that particular tournament.
Deposit
If you want to know what the Binomo features are about and how it all works when real funds are invested, you have to learn how to make a deposit. You can do so using various payment methods, and your options include Skrill, Advcash, Perfect Money, VISA, and MasterCard.
Note! The minimum deposit is $10 which means that you can start trading with real funds after investing this sum to your account.
Bonuses
Binomo bonuses are typical, and a good example is a promo coupon whereby you use a code to apply.
- Upon creating a free account, you receive a Binomo bonus to use as an actual deposit to trade. Binomo offers 25% as a welcome bonus when registering on their platform.
- Deposit bonuses depend on the account status and are applied when you invest funds to your account.
- Non-deposit bonuses are also available when the company has promotions.
There are terms and conditions which determine the amount of Binomo bonus to receive. They include the amount of deposit and the nature of the promotion.
How to use Binomo?
How does Binomo really work after you have deposited funds greater than or equal to the $10 minimum deposit amount? Here is the tutorial:
- The first step is to choose an asset.
- After that, select the trade amount and time before predicting whether the chart will go UP or DOWN. If you forecast right, you get extra profit and vice versa.
In addition, prior to the automatic verification, this process took several days on Binomo, but now it takes minutes.
Withdraw funds
Every trader needs to know how to withdraw money from Binomo. According to the policy of the platform, the withdrawal method must be one that you have also used to deposit before. It can be as fast as several minutes, but you may also wait for up to three days or more in some instances. The determinants of the withdrawal time are the payment method and the type of the account. If you have doubts regarding the time of withdrawal, then you can find proofs in traders reviews.
It is worth saying that the platform has attractive conditions for traders because IQ Option vs Binomo charges $31 withdrawal fee for each bank transfer while there are no fees on binomo.com.
Limits
As you withdraw money from Binomo, keep in mind the minimum withdrawal amount limit and policy. It should be at least $10, but it can be as high as $3000 in a day, $10,000 in a week, and $40,000 in a month.
Affiliate program
Besides trading on Binomo you can have an opportunity to make extra income through the BinPartner affiliate program. The amount of income depends on the amount of deposit made by the user you referred to the website. Simply register with BinPartner and get started.
Traders’ reviews
What are traders’ reviews about Binomo broker? You can always find them on the various forums and such trusted platforms as Quora.
Here are some of the reviews:
Rohit: ”Binomo is a user-friendly platform that provides a good online trading experience. Thanks for the video, which cleared all the remaining doubts”.
Shahroze: ”It’s the best website for a trader, and it’s work so amazing”.
Roger Pabulos: ”This is a great trading platform. Prepare yourself with knowledge and patience, that’s all”.
Conclusion
You have no reason to worry about using Binomo as a trading platform. You can confidently deposit funds and have an opportunity to earn extra income knowing all too well that you will withdraw eventually. If you rely on luck, you are doomed to fail. That’s why you should analyze before investing in Binomo and use strategies that can help your investment succeed.
There are various options for learning how to trade. Use them to improve your skills, especially if you are a beginner. Trade from your smartphone or on the website, depending on your preference. Find out how to use bonuses, an affiliate program, and how to take part in tournaments. Trade wisely, too, as there is always a risk of losing funds in trading.
