Benefits of the Binomo trading platform in India – A detailed review

If you spend a remarkable time on the internet, you probably know that getting additional income through trade is a popular way. Since there are several platforms to choose from, it has become important to decide on the most reliable and advantageous one. So, we decided to save you the time and made research on trading platforms in India. 

binomo app review

As far as we examined, Binomo, which operates in more than 130 countries, also legally in India, is currently one of the most reliable trading platforms. It was established in 2014 and has been operating since then. The company’s clients are protected by a conflict resolution organization, which is called the Financial Commission. It also has several certifications and awards that prove it is safe to trade on Binomo. Therefore, let’s take a closer look at Binomo in our review.

Is Binomo India safe or is it a fraud?

Some people may ask some questions such as “Is Binomo fraud?” or maybe “Is Binomo legal in India?”. Well, our answer for the first question is a big “No” and for the second one is absolutely “Yes.” 

Binomo is safe and not a scam. Let us ask a question; if it would be a fraud, how is this company still operating since 2014? The Binomo website is certified and awarded. It has its applications added on both the Google Play Store and the App Store. 

As we all know, the internet is like a cave for the false rumours and it’s easy to spread them. So, some people who don’t read Binomo’s Client Agreement before the registration, sometimes spread some rumors when their Binomo accounts are limited or suspended due to the incongruent acts to the agreement. Please be aware that Binomo does not let anyone to defraud others within the platform. Thus, there are some rules for Binomo sign in to protect everyone on the platform and every member should read them and agree on. While you are signing in Binomo, you approve that you have read and understand all of the rules and terms. 

What is a Binomo trading app?

To download the Binomo trading app, you should be a user of a mobile device which runs on iOS or Android. If you the device, please follow the steps below for Binomo app download:

  1. Go to the App Store or the Google Play Store.
  2. Enter the name “Binomo” on the search box.
  3. Click on the “Install” or “Download” button. 
  4. Once you download the app, you will see it on your home screen. Click on the icon to open it.

Note! If you are an Android user and you are having issues downloading the app, please install the Binomo Apk from the link: https://binomo.com/en/promo/android. The Binomo app is also available in Hindi for Indian traders.

How to use binomo.com?

Once you log in to the website, you are directed with the tutorials on how to use Binomo. But if you are asking how to play Binomo, then this is not accurate. Traders do not play here, but trade assets, and we will tell you how they do it.

So, Binomo invites you to choose an asset to trade. The assets can be currency pairs, commodietes, equities, etc. Then you are expected to decide on a time period for your trade. Within the selected time, you should forecast correctly whether the asset price will UP or DOWN. If you forecast is correct, this means a fruitful trade. 

how to use binomo

If you want to improve your trading level, you can take advantage of Binomo free education. In the Strategies section, there are several strategies which are divided according to the trading abilities. Strategies with a green dot are for beginners, blue dots are for the experienced traders and the purple ones are for the professionals. To find out more, please visit the section.

To spice up your trade, you are free to join Binomo tournaments. The tournaments can be free or paid. In the paid tournaments, you can check the price pools and decide on which tournament you want to join. There will be a separate tournament account each time, and they disappear when the tournament finishes.

Sign in and Login

If you are 18 or older, you are free to join and trade on binomo com. Please follow these steps for Sign in:

  1. Go to the Binomo website.
  2. Click on the “Sign in” button.
  3. Enter your email and create a unique password.
  4. Select a currency for the account and remember that it cannot be changed later.
  5. Read and state that you understand all of the terms of the Client Agreement by putting a tick mark on the box.

Your account is ready to use! To login, just go to the official Binomo website again and click on the Sign in > Login. You can also use your Google account to log into the platform.

Deposit and withdrawal

Deposits and withdrawals can be made using bank cards and e-wallets, such as NetBanking, UPI, PayTm, Indian exchanger, GlobePay, etc.

If you want to deposit, you have to login to your account. Next, click on the “Deposit” button. Then, choose a payment method and enter the amount to be deposited. Finally, click on the “Deposit” button. Minimum deposit – 5$. That’s it! Now, you can start to trade on a real account.

If you want to withdraw funds from Binomo, first, login to your account. Next, click respectively on the Cashier > Withdraw funds. Enter the amount to be withdrawn and the withdrawal method’s details. The withdrawal method should be the same that was used for deposit on the account at least one (due to the security reasons). 

That’s it! Withdrawals take from a few hours to 3 days or more (depending on your account and payment method).

Tutorials

If you would like to learn further about how to trade on Binomo, you can visit Help Center to read several articles about Binomo in general, the trade, accounts, etc. 

binomo tutorials

Then it’s just the right time for you to try a Binomo demo account! A demo account is given to all Binomo traders after their registration and it is funded with $1000 virtual funds. You can use this amount to trade on Binomo, try out the trading assets and to obverse how the platform works. Do not forget that this provided amount is not real and can be used only for training purposes.

Reviews from real Binomo users

Dikson F.: “I think that when trading assets, you can lose your deposit. But the reviews about Binomo are good.”

Rohit R.: “I have tried this Binomo app and I am happy this app is great, and now my deposit has increased.”

Aayush K.: “Binomo… is not a scam. People lose their funds due to poor knowledge of market psychology.”

Results

Hopefully we provided answers for the questions like “Is Binomo real or fake?”. Binomo is an honest platform which respects its clients’ rights and wants to make them feel comfortable in the online trading world. But please do not forget that in trading, you are fully responsible for your every move and there is always a possibility of making unsuccessful trades. In this case, your deposit can be lost.