What is the Binomo trading platform in Qatar: review
You can enjoy online opportunities if you know what works. There are countless platforms available to be explored for you to get an extra income. That's where Binomo comes in. It is a tested and trusted online platform for trade where you can enjoy extraordinary opportunities.
Binomo is the creation of the Dolphin Corp Company in the year 2014. Since its inception, Binomo has been known for offering the best quality services to its clients globally. The company's head office is situated in the First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent, and the Grenadines. However, you get to access all their services via the website https://binomo.com/ and it’s app. But how does Binomo trading work, we will tell you in our review.
What is Binomo trading in Qatar?
Binomo trading is international trading on an online platform that is not illegal in Qatar. The company has gained many thousands of online traders from various parts of the world, and many of them are present in Qatar. You must sign up, learn, practice before you start trading on Binomo via either the website or mobile app.
Is it safe or fraud?
Considering the rate at which people have experienced one form of an online scam or another, it is expected that they would be scared. No one should ever lose their hard-earned funds. But that is not the case here, the Financial Commission is regulating Binomo, and the company is known as a category " A" member.
Binomo is regularly being audited by Verify My Trade (VMT), a specialized service that certifies the quality of its trade execution. When the whole auditing was completed, Binomo was awarded a Certificate of quality of trades. It proves that the company holds high-quality services always as foremost, and Binomo investment is not a fraud.
Sign in and Login
To start your trading on Binomo, you need to sign up and get a trading account. The steps for signing up are quite simple and can be done on Binomo website or app:
- Click the Login button, and then the Sign up page will be shown on your screen.
- Fill in all your required information (they include your email address, an account password, and preferred currency).
- Prepare that you read through and accept the terms and conditions for the Client Agreement.
- Click the button "Create an account", and that will complete your registration.
You will receive a confirmation email with a link to validate your account and email address. After you've completed all that, you can begin trading on Binomo.
How does Binomo trading work?
Trading can be fun when you truly understand how it works. It is in your best interest that you know how Binomo works properly before you start trading. The best tips to start is trading with the demo account and learning from the free materials provided on the platform.
Confirm the account type you are using whenever you are about to trade. To switch to the Real account, change it at the top right corner of the homepage, just above the chart.
How does Binomo work:
- Choose your preferred asset, either USD/EUR. Then set the amount and time for your trade.
- This is the part where you carry out a proper analysis of the price movement on the trading chart for your forecast.
- If you conclude that the price will increase based on your analysis, you click the green button. But if you think it will go down, click the red button.
- Then you wait for the trade to go through before checking if your forecast was accurate. If it's correct, then your additional income will be deposited in your account immediately.
Tutorial
Education is crucial for trading on Binomo. Never take chances with your funds by not taking tutorials before you start trading. The good news is that Binomo has provided free educational resources on its website and app. You can access all these resources, tournaments, and analytical data easily. They will improve your analytical skills and forecasting. If you follow all these instructions very well, you can give correct forecasts and get an extra income.
You can see more about binomo education from the video:
Account types
Binomo offers various account types available for trading. You are allowed to use any of them except for those. But the easiest to acquire is the Demo account. It is also called the Free account. The demo account is majorly for learning how to trade and practicing with free virtual funds.
You can get hands-on experience trying out different trading ideas and strategies and seeing the outcome. The remaining account types for Binomo include Standard, Gold, and VIP accounts. You can get more information about the benefits of each account type here with this link: https://binomo.com/
Minimum deposit
How is Binomo cash empowerment works? You need a minimum deposit of $10 on your Binomo real trading account or its equivalent in the Qatar currency. You are only allowed to withdraw to the bank account you used to deposit into your Binomo account.
It is possible to make a withdrawal into your verified card. Other means of withdrawal are also available on the platform. However, you should check for the minimum allowed in your country, both for deposit and withdrawal.
Bonuses
There are various bonuses to enjoy on Binomo. You can get these bonuses by doing these:
- inputting a bonus code;
- deposit funds in your account;
- activating a no-deposit bonus.
You can get no-deposit bonuses as a Binomo client via your personal manager, for Gold and VIP accounts (on some offers), or with regards to company promotions.
Upon registration, Binomo provides a first deposit coupon. The trader receives 25% of the deposited amount.
Withdrawal method
Withdrawing funds is relatively straightforward. You need the same account used for depositing to withdraw. The minimum withdrawal from Binomo is $ 10, or it is equivalent. You can withdraw to your verified card any other means of withdrawal available. Nonetheless, you should check the minimum allowed for your country. Contact the Binomo support service at support@binomo.com for additional help.
Limit
You should be aware that there is a cash withdrawal limit:
- up to $ 3000 per day;
- up to $ 10,000 a week.
- no more than $ 40,000 a month.
Verification
It is vital for you to get your account verification done to confirm your identity as the account owner. You should also be the payer. The list of documents required for verification depends on the crediting methods you used on binomo.com. But a passport or ID is always required to verify identity. You need forward all relevant documents to the email support@binomo.com to complete the verification process.
If you are requested to carry out your identity verification, your withdrawal will be limited until the process is completed.
Download app
What is the Binomo app and how it works? Binomo has a mobile trading app that provides easy accessibility compared to the website. You can download it on your device, either an Android or iOS smartphone. To download the app, go to your mobile app store (Google Play or AppStore). But the app has limited functionality than the website.
FAQs
How can I change my account currency?
After your account registration, you can no longer change your account currency. It is possible to create a new account using another currency after first exiting the existing one. Make sure you block the current account as you are not allowed to have more than one account. You need a different email address to create a new Binomo account.
Why do you need verification?
Verification is essential for identity confirmation of the account owner. The most crucial concern Binomo has is to make sure that your funds and account are safe.
How can I take part in tournaments?
Click on the "Sign up" button to join the tournament. Go to the tournament page and ensure that you have enough funds in your real account equal to or more than the registration minimum. You can also take part in a daily free tournament.
Conclusion
Trading on Binomo can be quite fascinating when you set things right by learning and trading like a pro. You start enjoying outstanding benefits like making up to 90% profitability on the platform by giving an accurate forecast. You get better at forecasting by improving your analytical skills when analyzing the charts.
Remember that your trading on Binomo is about taking advantage of the price fluctuations of different currencies that occur with funds exchange. Hence, you need to be aware of the risks associated with trading like this. Should you give an inaccurate forecast according to your trading chart analysis, you are at risk of losing out of your funds. Bear this in mind as you begin your trading experience on Binomo.
