Binomo review | Is Binomo a legit? Can You Earn Real Money From It?

Today in this post we are going to cover up details regarding Binomo trading app which requires an investment of 10$ and you are ready to trade. We are going to conclude whether Binomo is a worthy platform or not. Are you going to get something out of it or you are going to get upset from it.

Disclaimer: I have not received any payment for promotion of Binomo, I have just tried my best to make audience understand about this particular platform. Also, investing on assets on Binomo is not my advice, it depends on your own decision

Binomo Overview

Parent companyDolphin Corp
Founded2014
Minimum withdrawal$10
Payout methods VISA/MasterCard/Maestro, Skrill, Perfect Money, ADV cash
Social mediaFacebook | Twitter | YouTube
Payout processing timeWithin 7 days
Signup bonus$ 1,000 in a demo account
Withdrawal FeeApproximately 10%
Minimum age requiredAt least 18 years old
Websitehttps://binomo.com/
Customer support [email protected]
Earning Application Rating 4/5
Mouthshut Rating4.1/5
Google Play Store rating 4.6/5
Trustpilot Rating 4.4/5

What is Binomo?

It is an online trading platform approves by IFC itself, started in 2014 by Dolphin Corporation. The platform has successfully debuted and has acquired over 10 lakh users around the globe. The platform offers 60+ different assets including stocks, currency pairs, cryptos, shares of companies are other commodities to trade in. Binomo has an average of 30,000,000 successful trades per week. Pltform supports 3 types of account including Free, Standard and VIP account which hold their own benefits. Binomo also facilitates its users with a Demo account to teach how trading really works.

The best and appreciating thing about binomo is that, you can start trading for real with just $10, which makes it unique.

Binomo Safety Overview

  • Personal data collected for signup: Email and password
  • SSL certificate: Yes
  • Data sharing with third-party: Yes
  • Privacy policyRead Here
  • Terms And ConditionsRead here
  • Data encryption: Yes

Binomo requirements for joining

  • Age requirement: Must be 18 years or older.
  • Available Countries: France, Germany, Netherlands, Portugal, Greece, Italy, Spain, Sweden, Iceland, South Korea Taiwan, Thailand, Brazil, Mexico, South Africa, New Zealand, Argentina, Chile, Peru, Colombia, Venezuela, Saudi Arabia
  • Skill requirements: Trading skill required

Types of account in Binomo

There are mainly three types of account and all these three differ from each other. I am going to brief you guys on all three.

Free account

This account type needs no bank details since you are not going to trade for real. This is Demo trading for the users to understand the trading and learn the tactics using all the tools imitating the real tools which are going to be used in other two account types.

Standard account

This account type has more crowd since you just need $10 to start making trades. You are going to get limited assets to trade in. This account is good for rehearsing what you have learnt from free account. Basically, this account is to prove the earnings, that’s what I believe. The withdrawal takes up-to three working days prior to request.

VIP account

As the name suggests, this account requires an investment of $1000 with lots of benefits and offers. VIP account is for those who are great traders, who are professional in trading. You can trade from over 50+ assets listed on Binomo. Since this account requires a big investment, not everyone can afford it. The withdrawal is made in 3 hours prior to request.

All three accounts have their own advantage and disadvantage which can be made clearer when you sign in on Binomo, the VIP account has more benefits as compared to standard account but the investment is big.

Is Binomo scam?

Definitely No, Binomo has been verified as a legit application for trading and is trusted and used by thousands of users or traders. It is valid through 133 countries around the globe. Also if you notice, it has been on Play store since 2014 with positive vibe.

The IFC “international Financial Commission has reviewed Binomo as a safe and secure platform, so no need to doubt about its excellence. Binomo has won many finance award as well.

How to register on Binomo

In order to do so, you need some basic details like email id, name, contact number, residential address and most important payment method. These all details are enough for you to validate your account in an instant and start trading with ease.

Binomo also lets its users to experience the platform more accurately by providing a perfect Demo Trading.

What is Demo Trading on Binomo?

Binomo has facilitated its users with a demo trading to make them understand how this platform really works. They have totally imitated the actual working of trading in the Demo Mode, here users get 1000 virtual currency (not real currency) which users can use to bid on different shares or currency.

Demo trading is a kind of initiative to make users learn some tactics of trading and without any starting loss, they can start gaining from the beginning.

This is a must thing in my opinion, since there are many new up-comers who are greedy and impatient. They just start trading without any actual knowledge and when they sink, they just posts negative and abusive feedback on the Internet. Ruining the whole environment for a legit application.

Is Binomo safe?

Binomo is trusted by many users for its transparency, they are a reliable company when it comes to privacy. Binomo uses SSL protocol which makes sure there is no breach of any sensitive data. All the data including user’s profile, bank details, trading data and other sensitive data is safe and secure.

How much one can earn from Binomo?

The income and earnings directly depends on account type, as briefed above the VIP account offers a great deal for multiplying your investment and you get to trade from over 60+ assets, but this account types requires hefty amount of investment which brings it at its disadvantage side. The standard account doesn’t offers too much benefits in comparison to VIP account but it has its other positive side. You can start multiplying your investment with just $10. If you start with a Standard account after trying the demo one, I can assure you that you can earn a decent profit, and it will not take too long before you become one with VIP account.

Since the earning requires investment with good skills and information about the digital assets, it becomes hard to predict the real earning, this app is based on real market and shares, with both profit and loss. If you are at profit side with minimal loss, you can make hefty amount of sum.

Binomo Pros and Cons

Pros

  • Simple and easy to use interface.
  • Demo trading account.
  • 24/7 trading.
  • Good customer support.
  • Available on Google Play Store.

 Cons

  • Minimum deposit amount is high.
  • Verification process is complicated.
  • No Desktop Version.

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Also read: Mindswarms Review | Is Mindswarms legit? Can You Earn Real Money From It?

Reviews of some Binomo users

Negative reviews of some Binomo users

Hina Khan 1/5

The app is a big time scam. Binomo blocked my account when I started making profit.

Harpreet Kaur 1/5

I am not able to withdraw my money from this app because my verification has been pending for the last 1 month. It is easy to deposit money, but withdrawing it is nearly impossible.

Sandhya Prakash Kumar 1/5

This app is programmed in such a way that users cannot earn a profit from it. If you calculate all the amounts you invested and earned, you will find that you are at a loss.

Nikita Jain 1/5

Scam. After earning a profit, I wanted to withdraw my money, but for that they required me to complete verification, so I did. But after getting verified, they blocked my account.

Positive reviews of some Binomo users

Honey Singh 5/5

I am making a good profit from this app. This app is good. But first you have to learn to trade if you want to earn money. At first, learn, then earn.

Riya 4/5

Use this app only if you know trading, because many of my friends lost their money, but I never lost my money because I first learned to trade, then I started using this app.

Nikita Sharma 4/5

Binomo is one of the best trading apps available on the market for beginners because it has a free demo account in which they can learn trading.

Conclusion

Binomo is a great trading application with lots of trusted users and audience. Great number of users proves the worth of Binomo. The platform has over 45 assets to invest in which makes it easier to choose the right one. Also they are safe and sound with SSL protocol, making sure of the security a user should have while trading.

The demo account is one thing I found useful, since a newbie can easily learn the trading system before trading in real time. One more thing to note is the amount used of trading- anyone can trade for as minimum as for $1, but one need to top up with $10 before trading.

Final verdict is positive in my opinion, as there are lot of good points to note, this can be considered as a great option to multiply your earnings without making much of an investment.

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