What is Binomo and how it works in Pakistan - an honest review

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How traders can use binomo.com to trade? Is it safe in Pakistan? Where to download the Binomo app for PC and mobile? Deposit, tutorials, bonuses

What is Binomo and how it works in Pakistan
Did you know that you can safely earn an additional income just by trading on your phone? Well, using Binomo, you can invest and trade several financial assets, including currency pairs, equities, commodities, indices, and other. In this Binomo app and website review, we will explain how to trade on the platform.

Binomo app and website review - what is it?

Binomo is a trading platform, floated by its parent company - Dolphin Corporation. It was founded in 2014 and in its seven years of existence, it has grown in leaps and bounds to become the one of the industry leaders among trading platforms.

So, what Binomo app and website is? It is not just a trading platform. Binomo.com is a trading partner, in that it provides multiple resources to help their clients get extra income out of their trading activities. Traders can access a Binomo demo account, free trading education (strategies, tutorial (Help Center), tournaments), personal managers, and even insurance and risk-free trades, among others, depending on their account type.

Where to download the Binomo app in Pakistan?

The Binomo app is available for download anywhere in Pakistan. Finding out where to download the Binomo app for PC and mobile?

For Android

On Android devices, you can download the Binomo app from Google Play Store. And also, you can choose to download the Binomo APK format for invest and trade at https://binomo.com/en/promo/android. This way is exclusive to Android devices.

For iOS

On iOS devices, you can only download the Binomo app from AppStore.

For PC 

Some traders ask if there is a Binomo trading app for PC? However, such software does not exist for the PC. You can not download the Binomo app on PCs (Windows), as the team is yet to develop an app compatible with PCs. However, you can still access the Binomo platform on PC by visiting the website. 

Sign in and Login

Are you ready to take advantage of the opportunities www.binomo.com has to offer? All you need to do is sign up. It is a straightforward process, outlined in the six steps below:

  1. Open the Binomo website or mobile app.
  2. Click on the “Sign In” → “Sign Up” buttons.
  3. In the space provided, type in your email address.
  4. Then, create a secure password that you won’t easily forget.
  5. Then, select a currency you prefer to trade in (eur/usd or local). But remember that the account currency cannot be changed after registration.
  6. Read the terms of the Client Agreement, and tick the box to indicate that you have read, understood, and accepted them.

It remains to click “Create an account” and login to the net world of trading on Binomo.

How to trade on Binomo?

So, what is Binomo and how does it work? Trading on the platform in Pakistan is not very complicated. The team has simplified the interface as much as possible. The next few steps will show you how to use Binomo:

  • Login through the home page to your account.
  • Pick the asset you want to trade.
  • Decide on how much funds you want to trade with.
  • Set the timer to indicate how long you want the trade to run for.
  • Click on any of the green or red buttons to indicate the direction you predict the price of the asset is headed.

This example explains well how Binomo works. And if the forecast is correct, the trader gets funds from the trade on deposit.

Demo account

To help you develop your trading skills, Binomo provides you with a demo account immediately after you sign up. With the demo account, you can make real trades in real-time, but using virtual trading capital provided by Binomo. 

Note! If you are asking how to make money on a Binomo demo account, then there is only one answer - you cannot make money, they learn to trade here.

H3 - Strategies

As another way of helping you make profit out of trading on Binomo, the platform lists out some trading strategies on its website that have been tried and are trusted by expert traders. You can study them and then adapt them to your trades. But keep in mind that no strategy can guarantee 100% results. Signals are also not used on Binomo.

Tournament

In addition, Binomo hosts trading tournaments where you can compete against other traders. The conditions of the contests are different: duration, cost of participation, prize fund and more. There are paid and free tournaments on the platform. Binomo demo account holders can only participate in the daily free tournament.

Help Center

Should you ever need clarification on any issue, you can check the Help Center on Binomo’s website (detailed information about the platform as in Wikipedia). It is available not only in English but also in others. There are a lot of FAQs there and there is bound to be at least one that addresses whatever issues you have. And if they don’t, you can always directly contact the Binomo Help Center, they are on hand 24 hours every day to receive and resolve your complaints.

Deposit and Withdraw funds

How to invest money in Binomo? It offers different deposit and withdrawal options which you can use on a platform in Pakistan. You can decide to use any of your bank cards or any other e-wallet (such as JazzCash, EasyPaisa, CashMaal, Perfect Money, etc). You can also get a no-deposit bonus as part of the company's promotion and add it in your personal account to the deposited amount.

Deposit will be credited to your Binomo account immediately. And all withdrawals are completed during 3 days or more, depending on your account type and payment system. In addition, withdrawals to your bank cards or e-wallets will only be completed if you have used them to deposit funds into your Binomo account at least once.

Is Binomo real or fake?

Binomo is safe to use. The company is duly registered under the laws of St. Vincent and the Grenadines. Also, Binomo has been around for only seven years but has built a reputation as a reliable trading partner. For its efforts, it has won a couple of awards, the FE award in 2015, and the IAIR award in 2016. 

Binomo is a category “A” member of the International Financial Commission, an independent body that regulates online trading platforms. And lastly, Binomo trading platform has been scrutinized and given the pass mark by Verify My Trades, an independent watchdog that checks online trading platforms for fairness. Thus, it speaks about the reliability of the Binomo platform, denying the presence of scam.

Conclusion

So, we took a closer look at www.binomo.com in this review. Binomo is an honest partner, where you get extra income out of trading in the financial market. It is fair, reliable, and provides all the important materials you may need to effectively hone your trading expertise. This is also proved by the reviews of traders about Binomo, for example, from Quora or YouTube.

However, financial trading is a very risky exercise. You are as likely to lose your trading capital as you are to get it. So, you should not invest funds you are not prepared to lose.

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Urdu Books & Novels, Business Creation & Development, Health, Technology and Games Articles: What is Binomo and how it works in Pakistan - an honest review
What is Binomo and how it works in Pakistan - an honest review
How traders can use binomo.com to trade? Is it safe in Pakistan? Where to download the Binomo app for PC and mobile? Deposit, tutorials, bonuses
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