What is Binomo?
For those not familiar with Binomo, it is an innovative platform for online unique assets trading, , a subsidiary of Dolphin Corporation, a company registered under the laws of Saint Vincent and Grenadines. (Registration number 25151 IBC 2018).
Binomo has been providing quality services to traders all over the world since 2014 used by more than 800,000 clients worldwide. The review below will provide more information on how the trading platform works.
Binomo as a platform for UAE clients
Binomo is an online trading platform with a wide array of financial assets to trade. It is used by many people worldwide to earn extra income in the comfort of their couch. For many it is the ideal trading platform for both experienced and novice traders. It has various tutorials and access to a demo account for practice. This is why Binomo also caters to clients wishing to trade unique assets in the UAE.
Binomo as a legitimate trading platform
Trading with Binomo in the UAE is not illegal, and as such offers a legitimate platform for trading unique assets. Binomo has been a category “A” member of International Financial Commission. This guarantees traders from UAE the protection of an independent professional organization. The company also passed an audit at Verify My Trade and received a bidding quality certificate. As such Binomo confirms its reliability and commitment to best business practices.
How does Binomo work in the UAE?
But in order to trade on Binomo and get additional income, you need to adhere to the following tips:
- to get education on the basics of trading;
- conduct market analysis;
- Use a demo account for practice.
And for this you need to register on https://binomo.com/.
Sign in and login
Registration and sign-in to a Binomo website is uncomplicated process:
- Log in using a Facebook/Google account or sign up using an email and password.
- Choose the currency (USD/EUR/local currency).
- Accept the terms of the customer agreement.
- Click on create an account. Сonfirm your email using the link received in the email.
First, let’s see how to use Binomo. The top left corner has a menu bar which provides access to:
- For Traders
- Help center
You can switch between demo and real accounts from the navigation bar.
Access to the deposit page is provided in the navigation bar, which further allows access to the following pages:
- Deposit Funds
- Withdraw Funds
- Transaction History
- Account Types
In the UAE, users are provided with various options to deposit funds (bank cards and e-wallets).
Frequently Asked Questions
Why should I confirm email?
Email confirmation is necessary to ensure the security of your account and help to prevent third parties from accessing it.
How to receive a bonus?
Bonuses can be credited:
- deposit your own funds into your account;
- use a bonus coupon;
- upon the activation of a no-deposit bonus.
No-deposit bonuses are provided as individual offers to Gold and VIP clients. Also, you can get free the no-deposit bonus within the framework of Binomo promotions.
How do I verify my identity on Binomo?
Customer safety is important to Binomo, which is why they ask traders for identity confirmation and payment details. A company requests a photo / screenshot of a passport or ID card. Also, you need to send photos of bank cards or screenshots of e-wallets in order to confirm your payment methods.
The minimum amount that must be deposited depends upon the account type you choose. Minimum deposit for:
- Standard – $10;
- Gold – $500 (cumulative);
- VIP – $1000 (cumulative).
How can you withdraw funds from Binomo? You can withdraw funds via the same payment method that is used to credit their account. The extra income can be withdrawn using e-wallets or bank wire transfer.
Binomo provides a mobile app for letting its user’s trade at their convenience. The app can be downloaded from Google Play for Android or from App Store for IOS. For Android, users can install the Binomo trading apk.
Binomo offers ample trading opportunities to skilled and novice users. It is a safe and efficient platform already used by more than 800k traders every day using it to get additional income. But trading is a risk, by improving your strategies, learning from the educational content, and practicing in the demo account, the risk can be minimized.