5 Main Advantages Of The Binomo Mobile App

The popularity of mobile trading is growing all over the world. This review will answer the question of what’s the Binomo app and why is it so prevalent in South Africa.

Briefly about why Binomo is safe

Many people ask, is Binomo really safe for investment, or is it a scam? It’s a legit platform that began in 2014 and isn’t considered illegal or fraud. In addition to South Africa, over 130 countries trade on the platform with a yellow logo.

The company’s head office is in St. Vincent and the Grenadines. Besides, its regulation is from an independent body called the International Financial Commission, which addresses and resolves disputes with the company. Binomo also has a trade quality certificate from Verify My Trade and various awards, including FE and IAIR. Many traders’ and brokers’ reviews on internet forums also testify that the Binomo app has all it takes to trade effectively.

Convinced of the company’s reliability and want to learn how to trade on Binomo? Then sign up. The login page will open automatically, just like the language selection panel (the app is available in several languages, English included). Remember that you can’t change your currency later, so select it carefully.

Note! The registration and logging in on the Binomo website are almost identical to that described above.

#1. Availability of the Binomo app for all devices

The main advantage of the mobile app is that no matter where you are, you can invest and trade on Binomo. It’s available for free download from Google Play and the App Store. Perhaps you face difficulties installing the trading app for Android; you don’t need to hack; just download the APK version via QRcode from https://www.binomo.com/en/. 

Note! There is no Binomo app for PC or desktop since there is no software suitable for Windows or Mac.

#2. Free training and a demo account

The app offers everything you need for trading education, such as a demo account that every user can log in to after registration on Binomo. A free account is loaded with $1000 virtual cash that you can use to trade without the risk. Besides, these funds get replenished once you exhaust them. The platform also has pop-up notifications and video tutorials.

The Help Center (a FAQ section or Wikipedia for traders)is available to answer all of your concerns about trading. You can also contact a chatbot or support and know more about how it works. An agent can tell you how to invest in the app, withdraw money from Binomo or close your account.

Note! The app is intended for training but does not teach how to make quick money or play on Binomo.

#3. Indicators and strategies

Binomo also provides trading strategies and indicators that you can test on a demo account. However, everyone who studies how Binomo works should realize that there is no winning strategy in trading that guarantees 100% correct price forecasting. Therefore, you will need to learn how to use indicators independently and develop your approach to reading charts on Binomo. Signals and other people’s tips aren’t the best way to trade.

#4. Tournaments

By contesting in tournaments, traders can test their skills and compete for real profits. Some events on Binomo require a fee, but one of them is free. It’s a “Daily Free” tournament that even demo account holders can participate in. However, it’s only available on the website and not in the app.

#5. Useful coupons and other bonuses

Another empowerment that the Binomo app offers is the various bonuses to increase your trading potential. Gifts become available when you switch to a real account by making your first deposit.

Note! The minimum deposit amount is $10. Binomo has various payment options in South Africa, including VISA, MasterCard, Advcash, Skrill, Perfect Money (PayPal isn’t among them).

Bonuses include:

• Welcome bonus: This kind is available to newly registered users and is 25% of the first amount deposited. It’s only valid for half an hour after opening a free account.
• Deposit bonus: You get it when you fund your Binomo account. The amount varies depending on your account type and the amount. So, the higher the deposit, the higher the bonus.
• A bonus coupon or code: Traders get this offer as part of the Binomo promotion or from their personal managers (for VIP clients). This reward can also be added to deposit bonuses.
• No-deposit bonus: In some instances, Binomo regular clients can receive emails with some amount credited to their account as a gift. It can also be free insurance to VIP account holders. If their balance drops to zero, the company will compensate a part of it, depending on the investment amount.
• Risk-free trades: They are a fixed number of trades with a predefined amount that personal managers can provide to VIP traders.

According to the terms and conditions of the Binomo app, you can only withdraw some bonuses once the trading turnover is complete. The policy also requires using one of the methods you used while making a deposit.

The minimum withdrawal is $10. The maximum limit is $3,000 per day, $10,000 per week, and $40,000 per month. The IQ Option charges 31 dollars via wire transfer vs. Binomo which doesn’t charge any fee.

After a withdrawal request, you only need to wait for a few minutes or up to three days, depending on the account type and the payment method. Withdrawals may be temporarily limited during account verification follows. However, the automatic process on Binomo takes a few mins vs. IQ Option, where the check may take several days. 

Try trading through the handy Binomo app

We hope that the question of what is Binomo app and how does it work is answered for you. From the review above, you now have the proof that the regulated company is real, safe, and legal in South Africa if you thought Binomo could be fake or a scam.

So, it’s now time to sign in to the Binomo app and begin your journey. Remember, trading can lead to careless loss of funds. You can join the BinPartner affiliate program to get additional income without risks.