Binomo in South Africa: what is Binomo investment all about?

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BUSINESS NEWS - Binomo investment and trading platform is a grand creation of Dolphin Corp., with its head office at Saint Vincent and the Grenadines. The company specializes in creating innovative business solutions—which is no wonder they have a modern trading platform like Binomo.

In this Binomo review, you'll be learning more about how to trade on the platform and what are its advantages. But, before we get into that, let's look at some of the details of the platform.

What is Binomo in South Africa?

There's no doubt about it, trading is great. It's not only about having an additional source of income but also improving your skills.

But as wonderful as it is, trading can be the worst experience without the right trading strategies, tips and platform. And that's where the Binomo trading platform comes in.

Binomo in South Africa presents itself as a trading platform that offers all its clients real opportunities for comfortable investing and trading. It doesn't only offer its users an online terminal to trade valuable assets, Binomo also provides tutorials and tips for beginners to learn and master how to trade.

Also Binomo is regulated by the International Financial Commission, which speaks of its safety. But let's talk about this further.

Is it real or fake?

Binomo is 100 percent reliable! How? You ask...

Scattered about on the internet are genuine testimonies from existing members who have made the platform their additional source of income.

Binomo holds a certificate by the Financial Commission, a regulatory body in the financial market which helps in resolving disputes between traders and the platform.

Aside from the certificate, Binomo also has a few other international awards to its name. These include the following:

FE Awards which it received in 2015;
IAIR Awards were also received in 2016.

If you are still asking if Binomo is a scam or legal, then an audit by an independent company Verify My Trade should finally convince you of the platform's reliability. All this information is posted on the website, and everyone can familiarize themselves with it in more detail.

How Binomo trading works?

Without mincing words, Binomo is an online trading platform. But that's not all you'd need to get started, right away, on the platform. You need more details, especially on how does Binomo trading work.&nbsp

Sign in and Login

The first thing you have to do to get into Binomo trading is to sign up either via binomo.com or its mobile app. And this is pretty straightforward.

All you'd need to do is submit a valid email as well as a strong password to secure your account on the platform.

At the signup stage, you'd also be asked to choose your preferred trading currency, which, in this case, would be the South African Rands (ZAR) or USD or EUR. You must choose the currency you'd like to trade in at this stage as your currency type cannot be changed after you've registered.

If you feel this process would be too long for you, you can alternatively register using your Google account. This directly creates an account for you using your details on this existing account.

If you already have an account, then there's no need to create a new one. You can just go ahead to log in using your account details.

Binomo Demo

Once you complete the sign-up process, Binomo automatically generates a demo account for you. This account is solely to learn how to trade on the platform, which is why it contains a free virtual capital of 1000$. This you can only use to practice until you get yourself fully accustomed to the platform. To trade on a demo account, you have 20+ assets and access to a free tournament. However, you cannot withdraw funds from this account.

Account types

Once you've fully mastered how to trade on the platform using the Binomo demo account, you can then switch to any of the following actual account types.

Standard

Average deposit possible: from 10$;
Deposit bonus: up to 100%;
Profitability on correct forecast: up to 85%;
3 or more days before processing the payment when withdrawing funds (depending on the withdrawal method).

Gold

Cumulative deposit possible: from 500$;
Deposit bonus: up to 150%;
Profitability on correct forecast: up to 90%;
Personal manager, insurens;
Cashback up to 5% in case of a non-profitable week;
From 24-hour to 3 or more days before processing the payment when withdrawing funds (depending on the withdrawal method).

V.I.P

Cumulative deposit possible: from 1000$;
Deposit bonus: up to 200%;
Profitability on correct forecast: up to 90%;
Personal manager, insurens; risk-free trade;
Cashback up to 10% in case of a non-profitable week;
From 4-hour to 3 or more days before processing the payment when withdrawing funds (depending on the withdrawal method).

How to trade on Binomo

What is Binomo investment all about? Below is a process to trading on Binomo:

Confirm the type of account

Before you start trading, make sure you're using the right account.

Effect a trading contract

To launch a Binomo trade, select any of the assets available to you. Binomo offers more than 60 assets to its users (depending on the account type), so you have a wide range of them to go for;
Input your trading capital (from 1$);
Set your most preferred time frame for the trade.

Make your forecast

Make your forecast by tapping on the red arrow if you think the asset will DOWN or the green arrow if you're sure it'll UP.
Wait until your Binomo trading time expires to find out if your forecast was correct.

Your profits will be immediately credited to your account once your contract ends (if your forecast is correct).

Binomo Deposit & Withdrawal Methods

Binomo minimum deposit is 10$. For deposit into your account, the following channels are available in South Africa:

Bank payment;
E-wallets;
Bank cards.

Withdrawals, on the other hand, can also be processed using either of these channels. However, you can only use any of these channels if you had earlier used them in making deposits into your account. Withdrawals usually do not exceed 3 days. But it may take longer depending on the payment channel you are using and the status of your account. Binomo also does not charge any withdrawal fees.

Bonuses

Binomo bonuses are awarded to members based on two instances:

First, when you deposit on your account.
Second, when you activate a non-deposit bonus.

But, what are non-deposit bonuses?

Non-deposit bonuses are free extras awarded to members during Binomo promotions. This type of bonus can also be gifted to Gold and V.I.P by Binomo agents (personal manager), following the existing platform's agreement.

You can find out more about bonuses by reading the Client Agreement on the Binomo website (chapter 8): https://binomo.com/information/agreement.

Download Binomo app

Binomo trading app is available for users who'd prefer to trade and monitor their investments on their mobile gadgets. You can install the app from your iOS or Android app stores by typing the name, “Binomo app”, in their search boxes.

Android phone users can also download the Binomo apk at https://binomo.com/en/promo/android, if they have problems downloading the app from the store.

There's no Binomo app for PC, but users could download the web-app version on their home screens.

Conclusion

The best investment stories are backed up with risk-taking. Like many other trading platforms, the Binomo investment and trade platform also has its risks. Losses can happen; your assets forecasts could go incorrect. So, you should manage your exposure to risk. Don’t invest funds you’re not prepared to lose.