Investing and trading on the Binomo app – Is it safe in South Africa?
Recently, trading on Binomo has become very popular among both novice and experienced traders, especially since you can trade from your computers and mobile devices.
As a result, www.binomo.com has become one of the most visited platforms in South Africa. Today we will share our review of Binomo with users who are not familiar with this platform and want to know more about it.
Binomo mobile app review
First, let’s take a look at the history of the international company Binomo. It became a legit company back in 2014. Since then, Binomo got its certificate from the Financial Commission. In addition, Verify My Trade validates the trades on the platform to prove to traders that Binomo is safe and reliable.
Besides the platform, binomo.com also offers an app, which you can use on your mobile devices. Thanks to the trading app you don’t have to trade online only using your PC.
When you download the Binomo app, you’ll see that it basically works the same as the desktop platform. However, it offers limited features when compared with Binomo for PCs.
Where to download the Binomo app?
The Binomo app for Android devices can be downloaded from the Google Play Store. If you are an iOS user, you can download the Binomo trading app from the App Store.
For iOS and Android
Binomo app download is basically the same for iOS and Android users. You can use the app on your phones or tablets, but not on your PC.
There is an additional feature for Android users called Binomo Apk and it can be downloaded from this link: https://binomo.com/en/promo/android.
It is really advantageous when you want to trade and face some technical problems on the Google Play Store when trying to download the Binomo app. And there is no need to hack the app, just use the Apk.
For PC
Unfortunately, you can’t download the Binomo trading app for PC. If you want to use it on your computer, you should continue to the official website. So, now let’s see how to use the Binomo app and whether it is real or fake. 
Is Binomo legal in South Africa?
Is investing and trading on Binomo legal in South Africa? Well, we have to say that the platform does really work according to the “Regulation” section on binomo.com.
The website and app offer a page where you can find detailed information regarding its regulation. The Binomo broker has been an “A” category member of the Financial Commission since 2018.
The IFC is a company that guarantees Binomo customers’ rights and if any conflict occurs between the platform and trader, it solves controversial situations. In addition, every month 5,000 trades made on the platform are audited by Verify My Trade.
This proves once again that trading on Binomo is real and the investment platform is not a scam. To make sure the app is reliable, you can read the opinions of real traders on various forums or Quora.
How does the Binomo app work?
You can start using the Binomo app right after downloading it. First, if you don’t have an account, you should sign up for a new one.
If you already have an account, you can directly log into Binomo. You can log in and start practising trading on the Binomo app even if you only have a demo account. But do not forget that for real trading you need to open a real account and deposit at least $10 into it.
Sign Up and Login
Whether you want to sign in and to Binomo via app or the website, you should fill out an information form. By the way, the platform is available not only in English but also in other languages (over 12).
You are requested to fill out the form on the login page, specifying the details below:
- Your email address.
- A specific password.
- The currency of your account.
- An approval that you have read and understand the Client Agreement and the Privacy Policy.
To further login to www.binomo.com via PC or app, you just need to enter your email address and password. Then you can invest and trade.
Note! You will not be able to change your account’s currency later. Please make the right decision regarding the currency.
Tutorials
You can practice trading on the Binomo demo account. This is a helpful place to learn about all the platform’s features and how to invest and trade on Binomo.
There is also a Help Center (FAQ) where you can find answers to your questions and trading tips. In addition, tournaments are a great option for increasing your trading level. Such free trading education once again confirms the security of the platform.
We would like to emphasize the section “Strategy”. When using these trading strategies, you should not count on 100% successful trade, because there are no “winning strategies”. Remember that Binomo is a platform where you have the opportunity to get additional income, not a game.
Deposit methods
When you need to invest in your Binomo account, you can use one of the most popular deposit options in South Africa. You can use VISA, MasterCard, Advcash, Skrill, Perfect Money and some others. The minimum deposit amount is 10$.
Note! Sometimes, the company may ask you to confirm that the Binomo account belongs to you. It used to take time, but now it can only take a few minutes thanks to the auto-check service (vs IQ Option).
Bonuses
Binomo always pleases its traders by offering them various bonuses: Welcome bonus – On your first deposit with Binomo, you get a 25% bonus free, which can increase your trade extra income. Deposit bonus – With every investment on the platform, you have an opportunity to get a bonus of up to 200% depending on your account.
No-deposit bonus – The amount of this bonus depends on the terms and conditions of the company’s promotion.
It can also be issued by a personal manager to a VIP account. You do not need to enter any codes and coupons, the bonus is credited automatically.
How to trade on Binomo?
So you’ve made your first investment and you are asking how to play on Binomo, but that is the wrong question. If you used a demo account for practice, you have already realized that this is not a game.
On the Binomo trading platform, you can trade using your knowledge and technical analysis. Any signals are prohibited here. The Binomo platform uses fixed time trades (FTT), which allows you to get up to 90% profit in case of the correct forecast.
How trading on Binomo works:
- Select an asset (commodities, currency pairs, etc.)
- Enter the amount of investment in the trade (from $1 to $1000).
- Set the trade time (from 1 to 60 minutes).
- Make a forecast – press the UP button if you think the asset price will go up and DOWN if you think it will go down.
If your forecast is correct and the quote has changed in the direction you have chosen, you will get additional income, otherwise, your funds will not be returned.
How to withdraw money from Binomo?
Withdrawals are possible in the same methods that you used for the deposit. This is the platform’s security policy. Traders can withdraw a minimum of $10 from Binomo. Withdrawal time changes depending on your account type and payment method.
It may take a few hours or three days. It can take longer if your payment system policies are different. The withdrawal proof will be the receipt of funds to your card or e-wallet. Also, Binomo has no fees for bank transfers vs IQ Option, which charges a withdrawal fee of $31.
Withdrawal limits
According to Binomo’s terms and conditions, users can withdraw:
- Daily – up to 3000$.
- Weekly – up to 10.000$.
- Monthly – up to 40.000$.
However, do not forget about the limits of your payment system. Pay attention to this when withdrawing funds from Binomo.
Affiliate program
Binomo offers the opportunity to get additional income not only from trading but also from the BinPartner affiliate program.
This is possible by attracting new traders to the Binomo investment and trading platform. If you want to become a partner, please contact the service on the BinPartner official website. You will be informed in detail about the affiliate program.
Binomo review summary
So, you can be sure that Binomo is one of the best platforms in South Africa and it is not a scam. You can safely log in to Binomo, practising your trader skills free, and start trading online.
Even though trading on binomo.com is real, you should always keep in mind that it is a risky financial operation and the platform doesn’t guarantee profit. There is always a risk of losing your deposit if you make an incorrect forecast.
