5 tips to achieve your dreams with Binomo

One of the ways to fulfill your dreams is to invest and trade on a reliable platform. The Binomo website/app is one of the most popular in Pakistan. In this review, we will look at 5 tips from experienced traders on how to use Binomo effectively and earn extra income.

Check if the company is legit or not

The quickest way to lose funds is to choose a fraudulent broker. Traders from Pakistan choose Binomo because it is a safe company. Below is the evidence.

Positive reviews

Binomo has over 3 million traders internationally who are convinced that it is not a scam. Looking through forums like Quora and Linkedin, you will find many positive reviews from users who have proof of payment. However, if you don’t find the comments on the net to be trustworthy, the facts below will help you understand whether Binomo is real or fake.

The regulation of Binomo

The platform is regulated by the Financial Commission, which protects traders by providing compensation of up to €20.000 in case of a dispute with Binomo.

Certificates and awards

Binomo has also received several international awards, including the FE in 2015 and IAIR in 2016. Besides, Verify My Trade checks 5,000 trades made on the platform monthly and confirms their quality with a certificate.

An app available in official stores

The Binomo app has also got excellent reviews from traders in Pakistan and a high rating. You can download the software for free for your Android or iOS and trade anywhere. The mobile app is featured on the App Store, Google Play, Aptoide, Galaxy Store, App Gallery, and Apptoko.

If your Android fails to download the mobile app from the store, do not hack it. Just download the APK using the QR code from the official website.

Note! The mobile software is not modified for Windows or Mac, so there is no Binomo desktop app. For trading on a PC, you must log in via the web.

Sign up and practice on the Binomo demo account

Sign up and practice on the Binomo demo account

Creating an account is simple. Head to the login page www.binomo.com/en-en, and click on the sign-in button, located on the opposite side of the company logo. Then provide your email address and create a strong password. Choose your currency carefully as it is impossible to change it after registration. If you want to change the currency, read the Help Center on how to close an account and open a new one. This is the only option to change the account currency.

Note! Read and agree to the Binomo Client Agreement to avoid going against the platform’s rules since your account may be blocked if you do so.

The platform may need to verify your account after registration or at any other time. Don’t worry; you do not have to visit the company’s office to pass verification. The process on Binomo takes less than 10 minutes, vs. IQ Option, where verification takes several days.

The demo account

Once you register, you can log in and trade on the Binomo demo account. It is a safe and free environment to learn how to trade on real charts. Use its virtual $1000 for training and practice without risk. To improve your trading skills, it is helpful to contest in the “Daily Free” tournament and compete with professional Binomo traders.

Other educational tips

Don’t forget about educational materials, such as video tutorials and pop-up tips. If you need clarification on any questions, the chatbot will provide you with all the answers. You can also contact the support agent.

Besides, explore the Help Center, or FAQ section, which can be called Wikipedia on trading. As with logging into the Binomo platform, you can switch it to the preferred language, including English.

Think over your trading strategy

You can master different strategies to trade and get additional income from Binomo. However, remember none of the ready techniques guarantees 100% results. Hence, you need to test each trading strategy on a demo account and gradually develop your ones.

Note! Ignore the trading signals since they may misguide you.

Deposit and withdraw prudently

Make the first deposit after training on the Binomo demo account when you are sure you have the necessary skills.

How to deposit?

Even though Binomo is safe, experienced traders do not recommend beginners to make serious investments. The broker allows a minimum deposit of $10 and a trade entry threshold of $1.

You may not deposit in Binomo using PayPal, but being in Pakistan, you can use other payment methods, including CashMaal, Perfect Money, etc.  

Other ways to boost your account

Increase your trading potential by taking advantage of the bonuses Binomo offers. They include:

• Welcome bonus: It’s 25% on the first deposit, valid 30 minutes after registering a free account.
• Coupon or promo code: You can receive this bonus during promotions. The second way is to upgrade your Binomo account to VIP status; your personal manager can gift them to you.
• Deposit bonus: Add funds to your real account and get rewards. The higher your status, the bigger the bonus. VIP traders get the biggest one – up to 200%.
• No-deposit bonus: You may get them from your manager (if you own a VIP account). They include risk-free trades, investment insurance, free participation in tournaments, etc.

Before using any bonus on Binomo, carefully read its terms and conditions. For example, it is possible to withdraw funds received with the help of some bonuses only after the mandatory trading turnover has been completed.

How to withdraw money from Binomo?

To withdraw extra income, you can use one of the options you previously selected to deposit cash. Withdrawals may take a few hours up to 3 days, depending on your account type. However, the policy of the payment service provider is the final determinant.

The minimum withdrawal from Binomo is $10, while the maximum limits are $3000 per day, $10.000 per week, and $40.000 per month.

Note! IQ Option charges a $31 commission for withdrawals via bank transfer vs. Binomo, which has no transfer fee.

Consider financial risks

Binomo is a platform where you can expand your financial empowerment. However, the answer to the question of how to make money on Binomo does not exist. Trading is not a game for winning some trophy after learning how to play. It is risky, so learning how Binomo works and how to use the platform to trade is essential.

Binomo is not for those who want to make a quick profit, but for those willing to learn and practice on a demo account. Thorough market analysis, developing your strategies, and increasing trading potential with bonuses will help you reduce the risk of losing investment.

5 tips to achieve your dreams with Binomo

Make your dreams come true with Binomo

Hopefully, now you are sure that the company is not a scam or illegal and have answers to the questions all about what is Binomo and how does it really work. What’s so interesting about it? Use the above tips to invest and trade on the platform, and your dreams can come true. If you want to get additional income without risk, become a Binomo affiliate partner.