How to Use & Trade on Binomo Trading Platform

The role of the trading platform is quite significant in ensuring the success of stock trading. This might be the reason why most traders and investors want to work on the best trading platform in India. Though there are different types of trading platforms available in India to work on, Binomo emerges as one of the most popular trading platforms in the country.

Just like other trading platforms in India, Binomo trading platform enables traders and investors to indulge in stock trading right from the comfort of their homes. The best trading platform in India allows investors to generate additional income by leveraging movements in the exchange rates of currencies and other elements.

The traders and investors are supposed to make the correct forecast of an asset price. This would allow them to earn up to 90% extra income.

Owned by Dolphin Corp, Binomo was set up in the year 2014 with its company registration in St. Vincent. Over the years, it has emerged as one of the reliable trading platforms in India.

Is Binomo really effective?

Yes, absolutely. Though it may sound a bit awkward, but the truth is that Binomo offers great returns to investors. One way to test it is to go through its various reviews available online that would confirm the effectiveness of the trading platform in the Indian markets. Moreover, Binomo is controlled by the International Financial Commission which is itself a testament of world-class service.

If you are looking to use Binomo, go through the following post to understand more.

Sign In

To begin with trading on Binomo, the first step to take is to create an account. It is very easy and you just need to follow the given steps:

· Open the Binomo website

· Type your email address in the space given

· Now, enter a strong password by combining both letters and numbers

· Once this is done, now choose your preferred currency.

· Now, tick the box to specify that you have understood and accepted the terms and conditions.

· Then, click the “sign up” button.

Account Types

On Binomo, there are four types of accounts:

1. Demo Accounts

As its name indicates, a demo account is meant for testing the water. In such an account, you will be given $1,000 Binomo that you can use to do virtual trading. The idea is to make you aware of the various features of the trading platform.

2. Standard Accounts

The next account type is standard. To get it, you need to make a minimum deposit of just €5 or $5 for trading in India. Additionally, it gives deposit bonuses of up to 100% along with the profitability heights of up to 85% in cases of right forecast.

Generally, all withdrawals get processed within a period of 3 days or less given your chosen withdrawal method. However, there is no insurance or allotment of a personal manager.

3. Gold Account

For those looking for bonuses and benefits, gold account is the right choice. One needs to deposit a minimum €500 or $500 to access the gold account. This account offers 150% bonuses on the deposit. Also, you can earn 5% weekly cashback and expert support from a dedicated personal manager along with profitability levels of up to 90% in case of correct forecasting.

In this case, all the withdrawals get processed in 24 hours or less given the chosen withdrawal medium.

4. VIP Account

As its name signifies, this is the top-notch account on Binomo trading platform. It requires a minimum deposit of €1,000 or $1000 and offers 200% deposit bonuses.

The VIP account gives profitability levels of up to 90% if an accurate forecast is made. All the withdrawals will be processed within 4 hours or less depending on given your specific withdrawal method. Also, avail a weekly cashback of up to 10%. VIP customers are allowed to get unmatched access to risk-free trades where earnings are included in their accounts but losses are not curtailed.

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How to use Binomo trading platform?

1. Before you start trading, log in to a real account. Tick the upper right corner, right above the chart to be confirm the type of the account you are logged in to.

2. Now, choose the asset (EUR/USD) you want to trade.

3. Define the trading time and feed in the number of funds for trade.

4. Eventually, click on green or red buttons to designate the direction you forecast the chart will go.

5. When the set trading time goes out and your forecast is right, your profit will be quickly deposited to your account.

During the trading session, perform your own analysis and do not count on external indicators about Binomo as they are not always trustworthy.

FAQs

How to deposit funds in Binomo?

One can make the use of debit/credit cards or e-wallets to deposit money in your Binomo account. The funds will be credited to your account in no time, given your payment service provider.

Why should I need to verify email?

Email verification process is necessary to secure your account. One will be using your email to log in, recover password and to do other stuff.

Is Binomo genuine?

Binomo is a lawfully accepted online trading platform in India. It is an active associate of the International Financial Commission. That is a clear sign that the broker obligates to following industry-accepted business practices.