Why traders from South Africa invest and trade on Binomo
Depending on the payment system and account type, withdrawal time may take up to 3 business days or more. You can check withdrawal policy in the Client Agreement on the website.
Are you a trader and you are looking for a reliable broker where you are not afraid to invest and trade? Then you should pay attention to the Binomo trading platform, which is available both on the website and through the app. In this detailed broker review, we’ll answer the most popular questions like is Binomo legit in South Africa, why it’s not a scam, how to login and use it, and more.
Why is Binomo considered a reliable trading platform?
The Binomo trade platform is reliable for traders. It was set up in 2014 and has hundreds of reviews from traders. Being an international platform Binomo is expanding to all continents, providing quality services to customers in over 130 countries. To fulfill this goal in South Africa it creates a comfortable trading for everyone. It also offers free trading tools and tips.
Reviews
There are many positive reviews on how people trade on the Binomo, which not only answers questions, if the platform is scam or legit, but tells us what is investment here all about.
Culbury: “I can assure you that this isn’t a scam, I am a trader, and I have been using Binomo for some time now. It is an excellent platform for me”
Kuntilanak Merah: “Yes, Binomo is a reliable one. Believe me! I did little research by watching tutorials and gathering any information related to Binomo”
Sergei Savushlin: “If you want to make decent money, I advise you to try the Binomo platform. The project has been working and paying regularly for a long time”
What is written about www.binomo.com is proof that it isn’t a scam or not worth any mistrust platform.
How does Binomo work?
Sometimes beginners ask how to play on Binomo? But it’s not correct, because Binomo is not a play. It is an asset trading platform where traders use analysis and strategies. Remember, there is no one winning strategy which guarantees a 100% result.
Use a tutorial on how to trade on Binomo:
- Switch on the real account and open the trade.
- Select amount and trading time.
- Forecast (UP or DOWN) and await the trade closure.
If the forecast is correct such a trader gets funds. For more information on how Binomo works, you can use a demo account.
Note! Binomo offers the affiliates program to get additional income. More information about this find at the BinPartner website.
Sign in and Login
Visit the website www.binomo.com and sign up (or login if you registered before). Then you need to enter a valid email address and password, choose a currency, read and accept the Client Agreement and click “Сreate account”.
Note! A chosen currency could not be changed later.
To start trading, open the login page, enter the email and password and use the account. If you have already installed the app so you are able to login Binomo trade there as well as on PC.
Also, it’s possible to log in using your Google or Facebook account. If there are questions, contact the Binomo support or Help Centre and find useful FAQs.
Account types
So let’s take into account that you speak English (you always can change the platform language) and have logged in through the website. Binomo offers four types of accounts:
- Demo. You do not have to make deposits. Beginners can login to the Demo account to gain hands-on experience on trading different assets.
- Standard. With this account, you have access to 40+ assets and the paid tournaments.
- Gold. 50+ assets are available and in case of a correct forecast the profitability of the trades up to 90%, plus other advantages.
- VIP. Traders are available 60+ assets, participate in VIP tournaments, contact the personal manager and may activate a special offer “Insurance” and risk-free trading.
Note! How to close a Binomo account? Do it in your personal account.
Deposit and Withdrawal
How to invest in Binomo? There are different payment options to deposit on the platform. The available methods to deposit on this trading platform for South Africa are bank cards or e-wallets.
The minimum deposit amount for these accounts is $10 for Standard, $500 and $ 1000 respectively for Gold and Vip cumulative accounts.
How to withdraw money from Binomo if you have a profit? It’s not difficult to traders, because they used tutorial how to do it:
- Click the “Cashier” and “Withdraw funds”.
- Select one of the withdrawal method options (it should be the same as one of the methods you used when to deposit), and request it.
There are Binomo withdrawal conditions such as proof of your identity (the some cases). Binomo has no fee for verification. But IQ Option (vs Binomo) charges some account verification fee if your deposit is less than $5.
Depending on the payment system and account type, withdrawal time may take up to 3 business days or more. You can check withdrawal policy in the Client Agreement on the website.
Limit
Minimum withdrawal is $10. In our review we would like to notice that there is a limit for withdraw money from Binomo:
- up to $3000 per day;
- up to $10.000 weekly;
- up to $40000 per month.
Binomo has no fee for withdrawal (vs IQ Option where the fee for the banking transaction is $31).
Bonuses
There are three broad types of bonuses that users can get on the Binomo platform.
Welcome bonus
The welcome bonus which applies free to all new users. Beginners getted 25% of their first deposit on the platform.
No deposit bonus
Asides the welcome bonus to first deposit, there is a Binomo no deposit bonus. A trader can get this bonus by a code (or coupon) during the company’s promotion. This coupon trader is used by the trader when making a deposit.
Deposit bonus
In addition, there is a deposit bonus. So, for the Standard account – up to 100%, for the Gold – up to 150%, for the VIP – up to 200%.
While there are many Binomo bonuses, terms and conditions also apply to them. Keep your mind that you can only activate one bonus on binomo.com at a time. For example, only a coupon.
Where can you download the Binomo app?
To trade on the Binomo trading platform is possible not only on the website for PC, but also through the app. Users can download the trading app to iOs as well as Android. But is it possible to download the Binomo app for desktop?
For iOS
You can download the Binomo trading app on your Apple phone and other devices. Simply visit the App Store to download the latest app version.
For Android
If you want to use the Binomo investment and trading platform on Android, you can download the latest version on Google Play. If you face several problems while installing the app, you can hack smartphone and download the Binomo Apk here: https://binomo.com/en/promo/android
For PC
There is no doubt the trading through the app is comfortable, but it’s not possible to download it for PC. Don’t panic! To trade on Binomo using a PC you can through a website and the app download on your smartphone. The app doesn’t differ from the version platform for PC, that’s why you may download it without any doubts.
Is Binomo a scam or not?
On many forums and social media like Quora, you see people tag Binomo a scam and others asking: “Does the platform really work?”. But it is a certified trading platform with several awards and recognitions in the bag.
Some traders are asking if the Binomo investment platform is real or fake, and also is it legal in South Africa. Let’s take a look more detailed in our review. So, www.bimono.com is not a scam, but a safe trading platform, because the company is regulated by the International Financial Commission, has a certificate of quality of trades and global awards (IAIR and FE). In addition we would like to notice that trading at the platform is legit and real.
Conclusion
Binomo trading platform is the website and app for traders looking to have extra earning. Asides from the incentives it offers, it has free trading education, strategies and tips that new traders can use to improve their skills. The platform offers a convenient terminal for trade and a demo account for practice, so use it.
But to all the benefits of the platform, on which we focused your attention in the binomo.com review, traders are to know about the financial risks. If they don’t improve their trading skills, analise charts, use the strategies, then traders may lose the deposit.
