Is Binomo safe? India Trading Platform Review

Since the close of the 18th century, Indians have been able to trade currency pairs, equities, commodities, indices and OTCs. However, they had to be physically present or trade through stockbrokers for a fee. Binomo has taken advantage of the internet and recent technological advances to enable you to conveniently trade currencies, commodities, and cryptocurrencies from anywhere in the world.

In its six years of existence, Binomo has quickly established a reputation for itself as a reputable trading platform. It rose through the ranks to become a category “A” member of the International Financial Commission. A badge of honor that guarantees clients quality service and transparency and access to an independent dispute resolution organization.

Binomo Trading Platform Review

What is Binomo? What is Binomo trading? Binomo is an online trading platform through which you can trade currency pairs, equities, commodities, indices and OTCs on the financial market. It offers top-notch services. It also offers analytical services, free education, and expert tutorials to help clients to learn how to trade.

Is Binomo legal in India?

You might be wondering whether Binomo is real or fake. Or whether it is safe. Well, It is. There is nothing for you to worry about. Dolphin Corp (Binomo’s parent company) is duly registered under the laws of Saint Vincent and the Grenadines (RN: 25151 IBC 2018) and its office is on the First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines.

Also, Binomo belongs to the International Financial Commission and holds a category “A” membership. This guarantees the company’s reliability and professionalism. Besides, there are many reviews online from people who have successfully traded on Binomo.

Login and Sign in

Binomo Trading Platform Review

Before you can start trading on Binomo, you will need to sign in. The process, simple and hassle-free is explained below;

  • Visit the Binomo website
  • Type your email address in the space provided
  • Then, create a strong password using a combination of letters and numbers
  • After that, you select your preferred currency.
  • Then, you tick the box to indicate that you have read and accepted the terms and conditions.
  • Finally, you click the “sign up” button.

You can log in to your Binomo account on any device, at any time of the day, to make trades. And you need not worry, the Binomo website is available in Hindi.

Account type

There are four types of accounts available on Binomo. They have been designed to adequately cater to the individual needs of Binomo’s different classes of clients.

Demo

Upon signing up, you receive a $1,000 Binomo demo account automatically. You can then use this demo account to make virtual trades in real-time to acclimatize yourself with the system. When the fund gets used up, it gets replenished. With this, you can gain the necessary experience without using real capital.

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Standard

The Standard account is the first real account. It offers Binomo’s basic features. They are listed below.

  • It requires a minimum deposit of only 5 USD, EUR for India.
  • Also, it offers deposit bonuses of up to 100%
  • It offers profitability levels of up to 85% in case of correct forecast.
  • Your withdrawals will get processed in 3 days or less, depending on your withdrawal method.
  • However, you won’t get insurance or a personal manager.

Gold

For people who want to enjoy a few more features of Binomo, there is the Gold account. Its features are listed below.

  • The gold account requires a total cumulative deposit of 500 USD or EUR.
  • It offers 150% deposit bonuses.
  • With a gold account, you can get 5% weekly cashback and expert guidance from a personal manager.
  • It offers profitability levels of up to 90% in case of correct forecast.
  • Your withdrawals will get processed in 24 hours or less, depending on your withdrawal method.

VIP

For people who want the best Binomo has to offer and can afford it, there is the VIP account. Its features are listed below.

  • The VIP account requires a minimum deposit of 1,000 USD or EUR.
  • It offers 200% deposit bonuses.
  • It offers profitability levels of up to 90% in case of correct forecast.
  • Your withdrawals will be processed in 4 hours or less, depending on your withdrawal method.
  • You can get a weekly cashback of up to 10%.
  • Vip customers get exclusive access to risk-free trades where earnings are added to their accounts but losses are not deducted.

Deposit

It is quite easy to deposit funds in your Binomo account. They support a variety of payment methods. You can fund your account using your bank cards. And you can also opt to fund your account from your cryptocurrency or e-wallet. It is not necessary to deposit the entire minimum amounts for Gold and VIP accounts at the same time. Accounts are determined by cumulative deposits.

All transactions are complete as soon as they are verified by the payment system. And if you’re transferring funds from a bank account in a currency different from the one your account is set to, the conversion will be done at your bank’s internal price.

Binomo Trading Platform Review

How to Use Binomo

  • To start trading, you have to log in to a real account. You can check for the type of account you are logged in to in the upper right corner, immediately above the chart.
  • When you have made sure of that, you then select the asset (for example, EUR/USD) you wish to trade.
  • Set the time and the amount of funds you wish to trade.
  • Then, you click on either the green or red buttons to indicate the direction you predict the chart will go.
  • Wait for the time you have set to run out and if your prediction is right, your earnings will be instantly paid to your account
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Binomo App Review

Having to open the website every time you need to check your position on the financial market might be a little cumbersome. Which is why Binomo introduced its Mobile App with which you can make trades on the go.

The Binomo app is available on both Google Play and Apple app stores for Android and iOS users. It allows you to access your transactions and notifications with minimal stress. Also, for Android users, an alternative way to get the App is to download the APK file.

However, you should know that the App is not a total alternative to the website. You will still need to use the website for in-depth analyses.

Conclusion:

Binomo offers an exciting and stress-free way to invest some funds into trades to make additional income. All of its special offerings (tutorials, risk-free trading for VIP accounts) are specially designed to make it a wonderful experience for you.

However, trading comes with significant financial risks. You might lose all your capital. You must seek independent expert advice and minimize your risk exposure.

Team BR
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Randz Kumar
Randz Kumar
December 1, 2020 8:24 pm

I did not know how to use Binomo a few months ago or had not even heard of the Binomo app a year ago. Just because a friend recommended it, I decided to try it out. I don’t regret it. I do small investments, as I am not in a position to take higher risks, and I earn extra income! Now I wish to download the Binomo app to trade at any time.

Óscar
Óscar
December 2, 2020 9:20 am

The idea of getting to choose from so many assets and getting extra income sounded like a great idea. I have my doubts regarding the Binomo platform and I am still trading the assets in the demo account. Although Binomo seems to have the necessary accreditations and certifications, I will do some more trading on the demo account before actually investing.

Rahul
Rahul
December 4, 2020 6:27 pm

Opt for Binomo if you are looking at some extra income and not as some permanent magical solution to your financial requirements. If understood and traded well, Binomo can get you additional income and just like any other investment variant, this too can turn sour if you do not trade properly without analyzing and preparing good strategies. 

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