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Tuesday August 16, 2022

Binomo: One of the Most popular Online Trading Platform for Traders

Binomo, a trending regulated trading platform, has entered financial market with ease of regulations for investors

March 17, 2022
Binomo: One of the Most popular Online Trading Platform for Traders

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.

What to look for when choosing a reliable 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.

  1.  Licensing is very important to regulate the trading platform in accordance with the legal jurisdictions. A trading platform must have a license where the legal authority closely monitors the operations, audits the company in terms of fund deposits, withdrawal and trading.
  2.  The fees charged by the platform also matter so a large chunk of your additional income doesn’t become a cost. If they are excessive – particularly if you want to get additional income – you wouldn’t be able to generate the targeted additional income .
  3. User-friendly trading platform matters. A trading platform with unnecessary options and a complicated layout may drive away from the investors.
  4. Convenient deposit and withdrawal method matters too as the investor would prefer to avoid the hassle.

Binomo Overview:

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

Licensing and Compliance:

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.

Payment Methods:

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.

How to trade efficiently on Binomo?

Different traders adopt different strategies – they vary from beginner to experienced level. To achieve efficiency in trading, investors must consider the following suggestions:

  1. First use a demo account in order to explore the financial assets, strategies, and indicators without risk. Thus, it will prepare you to begin trading.
  2. Begin by trading with smaller amounts, such as $1 or $2. It will assist you in gaining confidence and analyzing the market.
  3. Make use of assets you're already familiar with. This will make it handier for you to anticipate changes. Likewise, start with the most popular asset on the platform, such as oil.
  4. Explore a variety of strategies, mechanics, and techniques available on the platform. The best instrument for a trader is knowledge.

Variety of Trading Strategies:

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.

How Reliable and Secure is it?

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.