In this review, we will analyze what is the Binomo app and how does it work. We also provide information on why it suits traders in Pakistan who want to achieve their goals. You will learn all about international certificates and awards, registration and verification, FTT trading mechanics, free Binomo account, quick withdrawals, bonuses, etc.
Free download on any mobile device
Start your trading journey by downloading Binomo from Google Play or the AppStore and take advantage of the platform from anywhere, at any time. If you have trouble installing, instead of hacking, you can download the APK version for Android by scanning the QRcode on the website https://www.binomo.com/en/.
There’s no software for PC; you cannot download the app on your Windows or Mac because it’s only for mobiles and tablets. To trade on the Binomo platform from your desktop computer, log in to the web version.
Fast registration and automatic verification
Registering and logging in to the trading app is almost the same as the Binomo web page. You can sign up in two ways. The first method is to enter your email address and create a password; the second is to sign in with Facebook or Google account.
Keep in mind that the currency you select cannot be changed upon completion of the registration. If you change your mind, you need to learn how to close your current Binomo account, do it and create a new one with the desired currency. Having multiple accounts is prohibited by the platform policy.
Additionally, verification can be requested at any time after creating an account. It is necessary, first of all, to protect your data and funds from fraudsters. The verification process on Binomo is primarily automatic and takes only a few minutes (vs. IQ Option completing it within a few days).
Clear trading mechanics
The app presents Fixed Time Trades (FTT), which allow getting extra income in just a minute. They are simple enough for even beginners to understand. If you are already interested in learning what’s this mechanic, here is a step-by-step instruction on how to open a trade:
- Select an asset.
- Choose the amount you are willing to invest (from $1).
- Set the time to complete the trade (1-60 mins).
- Forecast: the chart will go UP or DOWN. If it’s correct, additional income will automatically be credited to your account.
Free tutorials and a demo account
To understand how to use the Binomo app and open trades on it, new clients have access to educational tutorials and tools such as a free demo account available immediately after the first login. You may improve your skills with unlimited virtual funds and contest in the “Daily Free” tournament in this secure environment.
In addition, the Help Center or the FAQ section, similar to Wikipedia for traders, provides information on how Binomo works. Users can contact the chatbot or a support agent if they have additional questions.
Also, the app contains ready-made strategies for traders of different levels. However, no Binomo trading strategy ensures a 100% result. You should learn to alternate different techniques to develop your price forecasting method. Binomo also advises against using ready-made signals and following third-party tips.
Variety of deposit and withdrawal methods
After training and practicing on the Binomo demo account, you can start the path to your dreams by placing the first deposit. The minimum amount is only $10.
Except for PayPal, Perfect Money, JazzCash, Skrill, and AstroPay are the most common deposit options in Pakistan. Cooperation with the largest providers in the country leaves no doubt whether Binomo is a scam or a legitimate company.
Searching for the answer to how to withdraw money from Binomo, you should know that one of the previously selected deposit methods can be used. Depending on the account type and payment method chosen, withdrawals can take a few minutes to three days.
The minimum withdrawal from Binomo is only $10. The daily limit is $3,000, weekly $10,000, and monthly $40,000.
Withdrawals are free of charge, unlike many other platforms. For example, IQ option vs. Binomo charges a $31 fee for a wire transfer.
Free bonuses for all account types
Various bonuses can assist you in expanding your financial empowerment faster, including:
- A 25% welcome bonus that all free account holders can receive within 30 minutes after registration.
- A deposit bonus that’s available even with the smallest replenishment. The account type determines the amount of this reward.
- A bonus coupon or promo code is received as part of the Binomo promotion or as a gift from your personal manager (if you own a VIP account). It can be combined with a deposit bonus.
- No-deposit bonuses, for instance, mailing a specific amount to regular customers as a gift. There’s also free deposit insurance: if you are a VIP account holder, the Binomo platform will pay you back for a percentage of your investments in case your balance reaches zero.
- Risk-free trades also usually go to VIP status traders from their personal managers. This is a certain number of trades for a specific amount. If you make the correct forecast during such a trade, you will get real income that can be withdrawn.
The company is regulated
Is Binomo safe or not? You can search for broker reviews on the net and see favorable feedback on forums like LinkedIn or Quora. To further research if the platform is real or fake, you may look for the email address and other contact details in the Binomo app.
If this information is not enough proof to convince you that the Binomo platform is not a scam and is making payments to its customers, lets get down to the facts. The company is under the regulation of the laws of Saint Vincent and the Grenadines, where its head office is located and is a member of the International Financial Commission. Binomo has also received a trade quality certificate from VMT and international awards. That is, the app isn’t illegal.
Download Binomo and start progressing towards your goals
The Binomo logo is recognized in more than 130 countries for a reason. The mobile app to invest and trade is really optimal for Pakistanis who want to achieve their goals faster. It offers a variety of features like the Help Center and demo account to help you grasp how it works.
However, don’t forget that trading is a risky endeavor that requires training and thorough market analysis. Do you want to avoid risk? Sign up for the BinPartner affiliate program and get extra income for referring traders to Binomo.
Thanks for reading about 7 reasons to choose the Binomo trading app