Binomo opens up the way for you to earn extra income online with a profitability aspect of up to 85-90% of the trade on every correct forecast that you make. It is a trading platform that focuses on giving everyone access to trade in currency pairs, indices, equities, commodities, OTCs and other assets. If you are curious about this opportunity, read the article to understand how Binomo works.
How does Binomo trading work?
Binomo uses the Fixed Time Trade (FFT) mechanic. Go through the steps below to learn more about how to trade on www.binomo.com:
- Switch to a real account in the menu.
- Choose the asset you want to trade in.
- Type in the amount and set the end time of the trade.
- Based on your strategy and financial analysis, click the green button if you forecast the asset’s price to rise. Select the red button if you think its price will fall.
- Wait for the results of your Binomo strategy and trading education to bear fruit!
If your forecast is accurate, the extra income will be added to your Binomo account after the trading time has ended. If not, you will lose the amount invested in the trade.
Note! Use your trading experience, education and strategy to make forecasts on the Binomo platform rather than relying on signals from the internet.
What does a trade education consist of?
Binomo has several free resources for trading education. After signing up, you can access video tutorials and a Binomo demo account. You get a virtual 10000$ for practising real-time trading without risking your funds.
You will not learn how to play on Binomo because it is a platform where users trade using their knowledge, experience, market analysis and strategies. Additionally, Binomo also offers more information to its users via the Help Center sections.
Register on Binomo and get $10000 to your demo account
Trading tips and tutorials on Binomo
Binomo offers free resources for education. You can learn more about trading by studying:
- Glossary: It has information on key concepts like dividend rate, long-term trade, etc.
- Client Agreement: This document describes the rules of the platform. Read it carefully to avoid any violations on your account.
- Strategies section: Has information on formulating a strategy.
Note! There is no perfect or winning strategy. It is based on analysing information about the trading world and traders’ experiences.
Trading strategies
The platform has different variations for new and experienced traders. Newbies can learn about the golden rules of trading for minimizing losses and on the specifics of technical indicators like news. For more experienced users, Binomo has resources on working with RSI and other indices. You can try them out with your Demo account to add to your trading experience.
Note!Remember that we are not talking about winning but trading, where knowledge and strategy are needed to complete the trade.
The Help Center
The Help Center is like a tutorial on Binomo. It contains information about registration and login, minimum deposit, payment methods, etc. You can access it using this link. If you haven’t found an answer to your question, you can always contact support via live chat or email: support@binomo.com.
Terms and Conditions
You must accept the Binomo terms and conditions when registering on the platform. The document contains important information on how to invest in the platform, withdrawal limits, verification procedure, bonus withdrawal conditions, etc.
FAQs
Let’s take a look at some of the most popular questions that Binomo users ask.
How to change the currency in Binomo?
It is not possible to change the currency of trading on your Binomo account. To trade in a different currency, you must create a new account and set it to your preferred currency from the registration phase. You must block the old account before creating a new one, as having two accounts violates the rules of the Binomo platform.
You can make deposits in different currencies from your accounts/wallets into your Binomo account. Binomo converts such deposits into the currency of your choice for your account, free of charge. Funds are transferred at the rate of your bank.
How can I withdraw funds to a bank card?
Withdrawing funds to your bank card can be done by following these steps:
- Click on the “Cashier” button and “Withdraw funds.”
- Type in the amount you want to withdraw, and select your withdrawal method.
- Your withdrawal request will be processed within three days. The exact time depends on your account type.
Note! You can only withdraw funds to those accounts/e-wallets from which you have deposited your Binomo trading account at least once.
Register on Binomo and get $10000 to your demo account
What is verification, and why do you need it?
Binomo uses verification to confirm your identity. It is a necessary act that protects you from fraud. Each trader sooner or later passes verification on Binomo. Withdrawals from your account may be stopped during this time, but you will still be able to trade. All you need to do is provide the necessary documents by emailing support@binomo.com or using the automatic verification service option. Verification takes up to ten minutes.
The bottom line on how to use Binomo
Binomo is a really reliable platform to earn additional income. However, if you are still wondering how to make money on Binomo, you ask the wrong question. This platform is designed to train you on how to trade. But trading involves financial risk. By analyzing the market, improving your skills and practising your strategies on a demo account, you can reduce this risk.
