Binomo is a trading platform available in different countries, also in South Africa. Learn how to trade there, and why it’s a true, legit platform and not a fake.
What is binomo.com and is it legal in South Africa?
Binomo.com allows traders to get additional income from the changes in the exchange rate of various assets. Find an address of their office on the website. It’s available in many languages besides English.
This review will tell you what Binomo is and resolve doubts if this broker is safe or not. Find out why the company is real and legit and not fake or scam.
Binomo is a member of the International Finance Commission. Also, it has a certificate by Verify My Trade. It also got the FE and the IAIR awards for the quality of trade.
Therefore, you don’t need to be in doubt because Binomo is legal in South Africa.
Another proof - reviews from those who had trading experience with Binomo:
Imba Trader: “Binomo is a pretty decent broker that is worth attention; it also does have the IOS and Android application which is handy when you are not at your computer”.
Michel Manchester: “I've been trading for just over a month and I'm okay using it as an additional source of income. But at first, it was hard for me to sort out the website. You need to get used to the platform. In general, it is quite good”.
Mark Oakland: “The trading platform was far from simple. Fortunately, the broker’s website gives attention to training”.
To see more opinions, check such trusted forums like Quora by typing in English “Binomo reviews”. Let’s figure out how to log in and start trading.
Sign up and Log in
Follow the steps to sign up for a new account on Binomo:
- Open the website or launch the app.
- Click on “Sign in”.
- Write email address and password.
- Select the currency. Once it has been selected, it can’t be changed.
- Read and accept the Client Agreement.
- Click on “Create account”.
To login, open the www.binomo.com web page and sign in using your email and password.
How to close an account on Binomo? Just block it on your own, later you can create another profile if you need.
Tutorials on how to trade on Binomo
Beginners may ask “How to play Binomo” but it’s incorrect because it’s not a game. It will be right to ask “How does it really work?”. Fixed-time trades enable you to earn up to 90% (in case of correct forecast) of the trade size.
Here is a short guide on how to use the platform: login, select an asset, trade amount and time, and forecast: the chart will go UP or DOWN. If the forecast is correct, you get extra profit, if not - the funds won’t be returned. Try using a Demo account first for practice and education. The tutorials will help you to start.
Perhaps you don’t fully understand how to use Binomo, then check the Help Center - you’ll find many tips, FAQs about trading and figure out how the platform works.
You can contact the support service by reaching out to the managers on firstname.lastname@example.org or through a live chat.
Various trading strategies are described on www.binomo.com.
Note! You shouldn’t expect a 100% guaranteed income when using these strategies. There are no “winning strategies” because Binomo is not a game, it’s a platform where you have an opportunity to earn extra income.
There are also free and paid tournaments on Binomo. Find the trophy sign to join.
How to invest in Binomo?
What is the deposit process in this company all about? Learn which payment methods are available and how to invest to trade. The minimum amount for investment in Binomo is $10 if you wish to trade with real funds. In South Africa, there are legit and popular payment options on the platform include VISA, MasterCard, Skrill, Perfect Money, and Advash.
Binomo offers traders several bonuses:
- The amount of a non-deposit bonus depends on the promotion program or can be given by a personal manager on a VIP account.
- The deposit bonuses depending on the amount of the client's deposit.
- There is also a 25% welcome bonus after you create a free account.
Learn how to use a code or coupon in the terms and conditions section of the website.
How to withdraw money from Binomo?
- Withdrawing can be done by the payment method used when a deposit was made.
- The time of withdrawals is from a few minutes to 3 days or more depending on the type of account and the payment method.
- There are no fees for bank transfers vs IQ Option which charges a $31 withdrawal fee.
- The minimum withdrawal amount is $10.
Note! According to the platform’s policy, there is a limit of $3,000 per day, $10,000 per week, and up to $40,000 in a month.
For more information check the traders’ reviews that are proof of the credible withdrawal conditions on Binomo.
Download the Binomo app
The app can be accessed on smartphones and tablets.
Search for the Binomo trading app in Google Play or AppStore and download it. If having problems with installation on Android, don’t hack and just download the Apk at the link: https://binomo.com/en/promo/android.
There is no software or app for computers to download. To access Binomo on your PC, visit the website, log in through the web version, and start trading.
You can earn an extra profit on the BinPartner affiliate program referring to Binomo. It offers:
- Free promo materials.
- Up to 70% of the system income.
- 5% of what is earned by your referrals, and a lot more.
Hopefully, this review has explained how the platform works. Although trusted independent organizations regulate Binomo, be aware of the risks in trading.