In this review, we will answer “What’s the Binomo platform?” and discuss how traders from Pakistan can use its website/app to achieve their goals. Read on if you want to know all about the benefits Binomo offers.
Even if you are in a hurry to achieve your goals, start investing only after training. The platform offers free tutorials that are available even without registration. However, a demo account allows you to get a full range of educational materials and test strategies.
Note! The account currency cannot be changed after finishing the registration procedure. If you make the wrong choice, learn how to close the created Binomo account in the Help Center or chatbot, do it and open a new one.
If you are new to Binomo, you may find the Help Center helpful (when you log in, you can choose English or another convenient language). Similar to Wikipedia on trading, this FAQ section is a rich source of information about how Binomo works and how to use it efficiently. If suddenly you didn’t find the necessary information or it seems incomplete, write to the chatbot Cody or contact the support agent.
Note! If you are wondering how to make money on Binomo, you should understand that it isn’t a platform for fast profits but to learn. Trading isn’t about winning a game, so don’t ask how to play.
After the first login to Binomo, you can practice and trade for free on the demo account with unlimited virtual funds. It allows you to improve your trading skills without the risk of losing funds. It is an excellent opportunity to learn how to trade on real charts without depositing actual amounts.
It’s beneficial to try strategies on a demo account. Still, we don’t recommend blindly believing any of them because no trading strategy on the Binomo platform promises a 100% return on investment. You should also avoid untested tips and signals and work hard to enhance your skills. Learn to alternate ready techniques, and you will develop your own strategies over time.
Variety of tournaments
All clients, including demo account holders, can participate in the free tournament “Daily Free”. The remaining contests on Binomo are for a fee. You must switch to a real account by making the first deposit to access paid tournaments.
The minimum deposit in Pakistan is just $10, and the trade entry threshold is $1. Available deposit options are JazzCash, EasyPaisa, CashMaal, and Perfect Money, except for PayPal. Note that IQ Option charges $31 for a wire transfer vs. Binomo which charges no fees.
Depositing is simple, but how to withdraw money from Binomo? The minimum withdrawal is also $10. As per the security policy, you can withdraw using one of the deposit payment methods. Withdrawal times range from a few minutes to three days or more after request, depending on the kind of account and payment method used.
Note! It’s possible to withdraw up to $3,000 each day, $10,000 per week, and $40,000 monthly. Some payment systems may also introduce withdrawal limitations.
Many types of bonuses
Binomo attracts traders not only with a minimum deposit threshold but also with free bonuses, including:
- Welcome bonus offered by Binomo to all users after first signing in. This perk is valid for only half-hour and adds 25% to the first deposit.
- A deposit bonus is available when replenishing an account with even the smallest amount. It is up to 100%, 150%, or 200% (depending on your account type) and can be combined with a coupon.
- Bonus coupon or promo code can be obtained as part of the Binomo promotion or as a treat from a personal manager (if you have a VIP status).
- No-deposit bonuses, including shipping a set amount to regular clients and free deposit insurance (for VIP account holders). The latter’s essence is that if your balance falls to 0, you will be compensated for some of your investments.
- Risk-free trades are a set trades number with a predetermined investment amount. This bonus is provided by personal managers to VIP traders.
Note! Although Binomo bonuses are free, be careful when using them. Before activating, carefully study the terms and conditions of bonuses.
In addition to Binomo bonuses, all the features of the platform are available to VIP account holders, namely:
- Access to the maximum number of assets.
- Maximum deposit bonuses (up to 200%).
- The highest profitability in the case of correct forecast (up to 90%).
- Maximum cashback in case of an unproductive week (up to 10%).
- The fastest withdrawal of funds (requests are considered within 4 hours).
- In addition to paid tournaments, VIP traders can take part in a private tournament for free with a big prize.
In addition, VIP clients may join the Prestige Club and enter the league of privileged clients.
You can expand your financial empowerment from anywhere if you invest and trade not only in the Binomo web version but also through its mobile software. The Binomo app with the recognizable yellow logo is only available on the App Store and Google Play.
For Android users in Pakistan, there is also an APK version; you don’t need to hack the trading app if you have trouble installing it. Download the APK by this link for free: https://www.binomo.com/en.
Note! There is no Binomo desktop app for Windows or Mac; to log in to the platform via PC, use the webpage.
If you want to know whether the Binomo company is real or fake, seek trader and broker reviews on net forums or Linkedin. Many contain proof of fast payment and other platform benefits we have listed.
If you still doubt whether Binomo is a scam or legitimate, it’s regulated by International Financial Commission. The claim that the company isn’t fraudulent is also supported by Verify My Trade which issued it a trade quality certificate. In addition to regulation, the platform got the FE and IAIR Awards for excellence in global finance and markets.
To protect your account and funds, the company has developed a convenient verification to protect your account and funds. Account verification on Binomo has been improved and now requires mostly a few minutes vs. IQ Option, where it takes days.
Note! Traders who want to find contact information, including the company’s head office address, could visit the Binomo website.
Binomo is a platform that is really trusted and utilized by traders all over the world to fulfill their dreams. It provides a secure trading environment, but there is always the risk of losing the deposit if your forecast isn’t correct. To reduce the risk of this happening, utilize a demo account and other educational resources to answer the question “What is Binomo, and how does it work?”.
We also recommend that traders looking for extra income sign up on the affiliate program and partner with Binomo by inviting new traders to the platform.