SPONSORED: Binomo trading platform – Traders’ choice in South Africa

An online investment and trading company called Binomo was established in 2014 and currently is one of the well-known platforms all over 130 countries, including South Africa.

The Binomo website functions around the clock and attracts thousands of traders daily. Often beginners to trade ask whether Binomo is a scam or is it legit. In this binomo.com review, we will fully examine online trading and particularly Binomo trade platform to provide you with more information.

What is Binomo in South Africa?

Binomo is a platform to invest and trade that also operates in South Africa. It is available in over 13 languages, including English.

What is Binomo investment and trading all about?

This is the place where you can trade using assets such as currencies, commodities, OTC, etc. There are over 60 trading assets available for traders to choose from at www.binomo.com.

The Binomo broker presents its clients with a wide range of trading tips, FAQs, SSL security, other payment options and affiliate programs.

How does binomo.com work?

Is Binomo trading real? Sure. As we mentioned above, there are tens of assets where a trader can select for their trade. So let’s take a look at how does Binomo really work.

Follow step by step:

1. Select an asset.
2. Set the amount and time limit (from 1 to 60 minutes) for the trade.
3. Make a forecast – the asset price will UP or DOWN.
4. Click on the green button if you think the asset will UP; click on the red button if you think the asset will DOWN.
5. Wait till the time expires.

At the end of the trade, there are only two possible outcomes: you get funds if your forecast was correct or you lose.

Note! Users who come to online trading for the first time ask how to play Binomo. But this is not a game, but a platform for investing and trading assets.

Sign in and Login

Before you start trading on Binomo, you need to login. So, signing and logging into www.binomo.com is not difficult.

So, steps for Sign in:

1. Visit the official Binomo website on PC or app.
2. Start the process by clicking on the “Sign in” and “Sign up” buttons.
3. Continue the registration process by clicking on the Facebook or Google buttons or enter your email address.
4. Determine a password for Binomo account login.
5. Choose among the currencies. The selected currency cannot be changed later.
6. Click on the “Create an account” button to complete the signing up procedure.

To use the Binomo web login to trade on the platform, follow the instructions:

1. Visit the Binomo login page (available in English and other languages).
2. Click the “Sign in” and “Login” buttons.
3. Type your email and password. That’s all!

How to close the Binomo account?

This can be done in your account, but only in the desktop version, or use contact support@binomo.com

Account types

To understand how to use Binomo to get additional income, you need to understand how the platform works. And for this, consider the statuses of accounts with different benefits for traders.

If we compare Iq Option vs Binomo, then on the first platform there are only 2 accounts for real trades. Binomo provides 3 of these accounts.

Demo

After logging into Binomo, all traders have access to a demo account for practice. The demo account allows traders to use virtual $1000 to get a trading education, test strategies, and improve their skills without risking your deposit. This is a step by step tutorial on how to trade on Binomo.

Note! Remember, Binomo does not offer winning strategies. They must be applied accordingly to the terms of the trades.

Standard

• Available after a $10 deposit.
• Over 40 assets to trade.
• Deposit bonus up to 100%.
• Withdrawal of funds from 3 days or more (depends on the trader’s payment system).

Gold

• A cumulative account is available after a total $500 deposit.
• Over 50 assets to trade.
• Deposit bonus up to 150%.
• Up to 5% cashback for failed trades.

VIP

• A cumulative account is available after a total $1000 deposit.
• Over 60 assets to trade.
• Deposit bonus up to 200%.
• Up to 10% cashback for failed trades.

Personal account manager, insurance and the ability to conclude risk-free trades. Also all Binomo clients are eligible to participate in the tournaments. However, Demo account holders are limited to only one contest – Daily Free.

Deposit and Withdrawal

To trade on a Binomo real account, a trader needs a minimum deposit of $10. How to invest in Binomo? First of all, go to the Cashier section. To deposit funds, traders usually use different payment methods such as bank cards and e-wallets. The following deposit options are available for traders from South Africa:

• VISA;
• MasterCard;
• Advcash;
• Skrill, etc.

So, how to withdraw money from Binomo after getting profit?

In the review above, we said that the withdrawal time depends on the status of the trader’s account and the payment system (from 3 days or more).

Important rules how to withdraw funds from Binomo:

• The minimum withdrawal amount is $10.
• Withdrawal policy states that this is not possible unless you have provided proof that you are the account holder (in some cases).
• You can only use the withdrawal methods that you used for the deposit such as Advcash, Skrill, Perfect Money, etc.

Note! Withdrawing money is not possible if you have not worked out the Binomo bonus!

If you compare Binomo vs Iq Option, then Binomo does not charge any withdrawal fees. But Iq Option may charge a fee of $ 31 for each wire transfer withdrawal.

Therefore, the conditions of deposit and withdrawal offered by Binomo are quite suitable even for novice traders.

Bonuses

Binomo bonuses are of several types. You can activate only one bonus at a time in your Binomo account (for example, by a code or to deposit). Also, detailed bonuses terms and conditions are specified in the Client Agreement (part 8).

Welcome bonus: Binomo welcomes all new users and gives them a free welcome bonus on their first deposit. The amount of this bonus is up to 25% of the deposit.

Binomo no deposit bonus: This type of bonus can be issued to clients as part of the Binomo promotion (for example, by a bonus coupon) or by a personal manager as a gift.

Binomo deposit bonus: Unlike the Binomo coupon, this bonus is awarded upon deposit. The amount of deposit bonuses depends on the type of your account (not fixed as in the coupon). Please check the “Account Types” above for its amount.

Where can you download the Binomo app?

If you are constantly on the road or do not have time to sit in front of your PC for a long time, you might be better off downloading a Binomo app to your mobile devices.

You can login the platform through the app in the same way as through the desktop version.

For iOs

iOS users can find the Binomo app on the App Store. Easily search Binomo’s name on the search bar and download the trading app on your tablet or phone.

For Android

Users can find and download the Binomo trading app for Android on the Google Play Store. Search the name Binomo with a few taps on the search bar and download the app on your Android tablet or mobile phone. Also, if you have problems downloading the Binomo app on Android through the store, you can download the Apk file from the link: https://binomo.com/en/promo/android. Binomo apk is safe and secure from hacking.

For PC

You cannot download the Binomo trading app for PC. Since there is already a desktop version, unfortunately the trading platform doesn’t offer a Binomo PC download. You can download the app for convenient trading, and on a PC you can trade through a browser.

Is Binomo a scam or not?

Some novice traders ask, is Binomo investment real and legit in South Africa? Is it a scam or not? Binomo is neither a scam nor a fraud. The company is legit registered under the laws of the country St. Vincent and Grenadines as you can read on the Client Agreement.

Binomo has certificates and awards from the International Financial Commission which approves that Binomo is not a scam, but a reliable trading platform. It also received global awards for safe trading: FE and IAIR. In addition, there are many positive traders’ reviews about the Binomo broker on various forums, on Quora, on YouTube, etc. So, if you are still asking, is Binomo real or fake, then check out the certificates on the official website. Conclusion

In this in-depth Binomo review, we have covered the most important aspects of trading on the platform. It’s time for the results. The company has been an “A” category member of the IFC since 2018.

This reveals how much the company cares about its reputation and Binomo cannot be called a scam. Remember that online trading is always risky. So you have to practice a lot, test the trading strategies and forecast correctly to get extra income.

Otherwise, you risk losing your deposit. Thus, as far as we are concerned, Binomo in South Africa is one of the best ways for the ones who want to trade online.

Contact Us

WhatsApp: 082 874 5550

Email: Reveshni Douglas (Editor) at reveshni@caxton.co.za

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