Binomo – Your Trading Partner in South Africa

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BUSINESS NEWS - The purpose of this review is to shed light on the online trading concept and how Binomo - one of the best online trading platforms - works in South Africa.

Binomo was established back in 2014. The company has been continuing its operations in more than 130 countries all over the world. Their head office is in St. Vincent and the Grenadines.

In this Binomo review, we will discover all sides of the platform and will talk about tips for trading on binomo.com.

What is Binomo in South Africa?

Binomo, as a regulated investment and trade platform, serves its traders in South Africa too, among many other countries. It is a client-oriented company and values the rights and comfort of the traders.

Binomo offers high bonuses to deposit, profitability up to 90% in case of correct forecast, and the best customer support for its traders in South Africa.

How does Binomo really work?

Binomo is a trading investment platform, which means that it provides multiple assets to trade (currency pairs, commodities, etc.) and gets additional income. Once you select the asset, you have to forecast based on your previous observations and practice. The question here is: “Whether the price of an asset will go UP or DOWN?” in a selected time. If you forecast correctly, it means that you will benefit from this trade.

Sign in and Login

Read the information below to learn how to sign up for a Binomo account:

Visit https://binomo.com/.
Click on the yellow “Sign in” button.
Enter your email address.
Create a password.
Choose the trading currency of your Binomo account.
Read and accept the Client Agreement and Privacy Policy.

Don’t forget that your account’s currency can’t be changed after registration.

To log into Binomo, you just need to enter your email and password that you provided during registration. Also, when registering and logging your personal account, you can choose a language convenient for you (for example, English). One more way, you can use Facebook or Google account to log into the website or app.

Note! Don’t forget that you can only have a Binomo trading account if you are older than eighteen.

Account types

Binomo offers traders several trading account options.

Demo - Every new trader on Binomo is provided with a Demo Account. It is designed for the beginners to have experience in a real trading environment without losing any deposits. This type of account is funded with virtual $1000 by Binomo. But don’t forget that this isn’t real funds.

Standard - By depositing a minimum $10 you can have a Standard Account. You can real trades through this type of an account. It provides some benefits such as a 40+ assets, up to 100% deposit bonuses and permits to join Binomo paid tournaments.

Gold - By depositing a total of $500 you can have a Gold Account. Gold Account owners have some privileges such as a 50+ assets, up to 150% deposit bonuses, personal account manager, insurance and 5% cashback for profitless trades (in some cases).

VIP - By depositing a total of $1000 you can have a VIP Account. Members who have a VIP Account are provided with a personal manager, insurance, VIP Binomo tournaments, up to 200% deposit bonuses and 60+ assets to trade. Also, the cashback amount for profitless trades is 10% and possibility of risk-free trades.

Withdrawal

It is not difficult to withdraw profit on the Binomo trading platform. To withdraw your funds please follow the steps:

Log into your Binomo account (as on PC or App).
Click on the yellow “Cashier” button.
Click on the “Withdraw Funds.”
Specify the amount you want to withdraw.
Identify the payment method.
Click on the “Request Withdrawal” at the end.

Minimum withdrawal amount is $10 or an equal amount. More information about withdrawals and limits at https://binomo.com/information/agreement. The withdrawal time can vary from a few minutes to 3 days or longer (depending on the status of the account and your payment system)

Note! For withdrawals you are able to use only those methods you used to make a deposit.

Bonuses

Binomo offers different types of deposit bonuses for the owners of a Standard, Gold, or VIP account. No deposit bonuses, for example, can be a part of Binomo promotions, or it can be given by an account manager. No deposit bonuses are being activated within three days after the receival. You can withdraw bonuses only after completing a trade turnover. For the further explanation of bonuses, read more at https://binomo.com/information/agreement.

Binomo app

Binomo company provides quality service and convenience to all its customers. Therefore, it recommends to download the Binomo APK directly from the site https://binomo.com/en/promo/android to its Android user customers who have trouble downloading the app via Google Play.

You can also download the app from the App Store for iOS devices. It is easy to download the Binomo trading app and to use it, as you can trade without having to stay in a particular location.

Note! The functionality of the Binomo app is limited compared to the desktop version.

Binomo is a legal trading platform

If you have a question in mind about the reliability of Binomo, we can eliminate this by saying that it is one of the safest and legit brokers in South Africa. It has a quality certificate trading. Binomo is a part of the Financial Commission and the company is yearly audited. Customer rights are guaranteed by the Financial Commission, which has a committee consisting of several independent trade and finance professionals.

Binomo has official apps on the Google Play Store and App Store. The company was also awarded with several trophies for being the best trading platform in recent years. Thus, Binomo is not a scam, and you can trust it.

Conclusion

All traders' investments are insured on the Binomo platform. It keeps fraudsters away from the site, thanks to procedures such as personal identity that it demands from users. Binomo, always considering the comfort and safety of its customers, highlights its quality with its service.

Remember that there are no strategies or offers on Binomo that can guarantee you 100% achievement. On Binomo, traders are expected to earn additional profits by practicing, training, mastering strategies and improving their trading skills. Therefore, be aware of the risks and try to reduce them using your trading knowledge.