With increasing technology and numerous online trading platforms, choosing a reliable platform for investment has become one of the most challenging tasks. However, Binomo, a trending regulated trading platform has entered the financial market with ease of regulations for investors.
With extensive research, our team has broken down the criteria below to choose the safe trading platform.
Investors often get confused when it comes to choosing the best trading platform for them as the reliability factor intrudes the investment process. Therefore, the following factors must be taken into consideration.
Regulation & Licensing | The Financial Commission Verify My Trade (VMT) |
International Market | 130+ countries |
Assets Offered | Currency Pairs, Equity, Commodities, Commodity Pairs, Indices |
Mobile Compatibility | Android, iOS |
Payment Types | AdvCash, AstroPay, Perfect Money, STICPAY, Mastercard, CashMaal, UnionPay, Visa, American Express, JCB, EasyPaisa, JazzCash, Upaisa |
Account Types | Demo, Standard, Gold, VIP |
Training Provided | Yes |
Customer Support | 24/7 |
Minimum Deposit | $10 |
Binomo is headquartered in ST. Vincent and the Grenadines. They acknowledge traders from over 130+ countries including Pakistan. The subsequent platform is regulated by The Financial Commission, including up to $20,000 protection in case of fraud. The platform is also associated with Verify My Trade (VMT) to maintain high standards of conduct.
Binomo is associated with various international and local payment methods for the ease of investors. Such payment methods include AdvCash, AstroPay, Perfect Money, STICPAY, Mastercard, CashMaal, UnionPay, Visa, American Express, JCB. However, an investor can only use the bank card/e-wallet verified by its name. Now the investors in Pakistan can easily trade by just depositing and withdrawing the funds with the affiliated payment methods.
The convenient payouts system has created a lower barrier to entry into the financial market. All you need to do is, click the deposit button at the right top corner, choose “Pakistan” as the country and select any payment methods associated with Pakistan.
When you make a deposit, it will show the status of "Pending." This indicates that your transaction is currently being processed by the payment provider. Each service provider has its own processing time. However, on average, the payment is processed within a few hours by the payment providers if there’s no national holiday or any other payment provider’s regulation. A great benefit of Binomo is the bonus on deposits for investors. The Standard account gives the bonus of 100% whereas 150% is obtained from the Gold account and 200% from the VIP.
The withdrawal processing time for each account varies. The Standard account ensures the payout in 3 days, for Gold account in 24 hours along with cashback of 5% and for VIP account in 4 hours along with cashback of 10%. Based on the investor’s country, the payment provider has the right to charge a deposit and/or withdrawal fee. The fee rate may vary accordingly.
Different traders adopt different strategies – they vary from beginner to experienced level. To achieve efficiency in trading, investors must consider the following suggestions:
Binomo offers various strategies and methods for both beginners and experienced traders to educate them. These strategies include technical indicators, “night channel” trading strategy, Bollinger Breakdown strategy, the “Elder’s Triple Screen” strategy, Puria Method Indicative strategy and many more.
For trading, a trustworthy platform is vital, and Binomo excels on this one. You'll be able to use the platform with confidence from practically any device, courtesy of multi-platform compatibility that includes desktop and online applications, as well as quick execution times and support for Android and iOS mobile devices. Furthermore, Binomo has a user-friendly interface that offers four types of accounts - Demo, Standard, Gold and VIP. The smartphone apps are smooth to use, with clear charts and current prices that are updated in real-time. The platform offers great connectivity and stability with fewer issues reported.
In addition to other benefits For Binomo privileged traders, deposit insurance is a free option. If something goes wrong and your balance drops to zero, you will be paid for a portion of your investments. The amount of compensation you will receive is determined by the size of your investment.
The platform offers 24/7 live chat support in multiple languages. This way your concerns can be highlighted immediately. However, in the instance of not requiring immediate attention, you can email support@binomo.com.
Nonetheless, with a wide array of benefits offered, Binomo seems to be a great trading platform to begin trading with. However, before beginning to trade on the platform, the investor should assess their financial capacity and familiarize themselves with the terms & conditions of the platform.