People wondering about using the trading app in Pakistan should read this article to find out all about what’s Binomo and how does it work, and why the app is optimal for them. This review also covers how the Binomo platform is a source of empowerment to traders, including regulations, bonuses, and a demo account.
Table of Contents
Binomo is a regulated company
Millions of people worldwide trade to speed up the fulfillment of their desires. The Binomo app is used in over 130 countries, and you may log in using 13 languages, including English. Traders who are unsure whether the company with the yellow logo is real or fake should know that it has been in operation since 2014, and the International Financial Commission has regulated it since 2018.
The company also has a certificate of trade quality from Verify My Trade. In 2015, the platform got the FE Award, and in 2016, the IAIR Award. If you want to ensure whether the Binomo app is safe or a scam, you can check the net for reviews on forums like Linkedin.
Traders who look up how to play on the web should know that it’s not about winning a game or how to make money on Binomo. It’s an asset trading platform that requires experience, practice, and in-depth analysis.
Additionally, if you still want more legitimacy proof before making payment to ensure if Binomo is a fraud or not, you can head to the app to check the office address and contact details.
Free download in two clicks
The mobile app is available on Google Play and the App Store. Furthermore, it’s accessible for Android users who are experiencing difficulty installing. So don’t hack and instead download the free APK from https://www.binomo.com/en/ using QR-code.
The Binomo app is only designed for smartphone and tablet users, and you cannot download it on your PC because no software is available for Windows or Mac OS. To access the platform from a computer, log in to the web page through your browser on a desktop.
The app is ideal for getting started in trading and has several advantages over the Binomo website, including access to the platform and making investments anywhere and anytime with internet access.
Additionally, it doesn’t require high internet speed and offers fast switching between screens and, therefore, more convenient market analysis. Last but not least, it contains a light version of the indicators, which means that a beginner is less likely to “get lost in the market”.
Variety of learning materials
The platform offers many educational tools. To learn basic things like how to withdraw money from Binomo, traders can access the Help Center (FAQ section), which is like Wikipedia.
Note! To learn how to use Binomo, you can always click on the chatbot or switch to a support agent.
A Demo account for free practice
A Binomo demo account is a safe environment to begin trading and practice with a virtual $1,000 to improve your skills. After registration, every user has access to it.
Upon logging in on a demo account, tooltips are immediately available to help novices understand how to trade on Binomo. Video tutorials are also there to answer the question of how does it work. To evaluate your progress, you can participate in the “Daily Free” tournament, free for all users.
Note! If you have already been a client, it’s essential to learn how to close an old Binomo account before signing up on a new one, as having more than one account is against the policy. Also, remember that the chosen currency cannot be changed.
Strategies for traders of any skill level
Strategies shouldn’t be considered a guide to action. No single trading strategy can be winning on its own and guarantee a 100 percent result of the trade. After learning to analyze market changes, every trader must build their own techniques. Furthermore, because it believes in fair trading, the platform doesn’t encourage signals.
Minimum deposit & Bonuses
For Pakistani traders, the minimum deposit and withdrawal amounts are only $10, and the trade entry threshold on Binomo is $1. Payment options may vary from country to country; the most common methods in Pakistan include JazzCash, EasyPaisa, CashMaal, and Perfect Money. PayPal isn’t available.
Keep in mind that the platform may request verification upon the first withdrawal of funds. But don’t worry, as account verification on Binomo has become a lot faster than in the past, taking only a few minutes currently (vs IQ Option).
Traders can withdraw up to $3,000 per day, $10,000 per week, and $40,000 per month. Some payment systems may also implement withdrawal limits.
To increase your trading potential, Binomo offers the following bonuses:
- The welcome bonus is 25% that Binomo provides to all users after signing up for a free account while making their first deposit.
- The deposit bonus is offered even if only a small amount is added to the account. The type of Binomo account determines the bonus amount.
- You may receive a coupon or bonus code as part of the Binomo promotion or as a prize from your manager (if you’re a VIP client).
- The no-deposit bonus includes VIP account insurance and mailing to Binomo regular clients with a specific amount deposited to the account as a reward.
- Binomo VIP traders also receive free deposit insurance, and if their balance falls to zero, a percentage of investment will be reimbursed.
- Risk-free trades are specified numbers of trades with a pre-set investment amount. Personal managers frequently provide this bonus to VIP status traders.
Note! Some rewards may have a required trading turnover, meaning you can only withdraw funds after it’s completed. All terms and conditions for using bonuses are specified in the Binomo Client Agreement.
Become a part of the Binomo community today
So, we’ve established that Binomo is a really useful app, and now you know how it works. Thanks to the mobile version, you can begin your trading journey from anywhere in the world.
Although Binomo is a secure and reliable broker, there’s still the possibility of losing your deposit. By training, you can significantly reduce the risk of doing so. Invest your funds and trade on a real account only after practicing on the demo.
To get closer to your dream, you can also enroll in the BinPartner Affiliate program and get extra profit by recommending the Binomo platform to other traders.