This write-up discusses different types of accounts in the Binomo trading platform and their benefits.
Account types
Binomo offers four types of accounts: demo and three real ones (Standard, Gold, VIP). Let’s have a closer look at each of them.
Demo account
If you are a newcomer to the platform, focus on the demonstration of a real account first. The Binomo demo account will help you through hands-on experience with active trading.
Benefits
Become familiar with trading on Binomo by flourishing these benefits of the demo account:
- Free practice. You can test strategies on actual charts without investments. You can also participate in the “Daily Free” tournament and compete with real traders.
- Free training. You may also use for free all Binomo’s studying materials (articles about strategies, video tutorials) to upgrade your trading knowledge.
- Unlimited funds. You can trade on actual charts using the virtual $10000 (renewable) to learn.
A Binomo demo account is a handy tool for everyone who wants to join the trading world.
Standard account
No matter your expertise level, you can trade using a Standard account and have access to the full functionality of the trading platform. You can access it after making a minimum deposit of $10 ($5 for India).
Benefits
Let’s discover the benefits of the Binomo Standard account:
- Start with just $1 to open your trade.
- Access to paid tournaments, in addition to the Daily Free.
- Ability to trade more than 40 assets.
- The profitability of the trades can reach up to 85%.
- The deposit bonus can be up to 100%.
- Depending on the payment system, withdrawals may take up to 3 business days or more.
The Binomo Standard account is the perfect base for every trader.
Gold account
The Binomo Gold account offers traders additional benefits to the standard service.
Benefits
A total deposit of $500 unlocks the Binomo Gold account. Its benefits may significantly boost your funds’ potential:
- Access to an extended list of assets (more than 60).
- The time frame for withdrawal request approval is up to 24 hours (depending on the withdrawal method).
- The profitability of the trade increased to 90%.
- When depositing the account, the bonus accruals amount expands to 150%.
- Up to 5% cashback for an unproductive week.
- Access to paid tournaments, including only for Gold account holders.
Try the Binomo Gold account to get more benefits on your trading journey.
VIP Account
The Binomo VIP account is for traders looking for exclusive trading conditions. It opens when the total deposit reaches $1,000. It has additional upsides and an individual account maintenance program.
Benefits
Let’s take a look at what privileges the Binomo VIP account holders get:
- Deposit bonuses increased up to 200%.
- The profitability of the trade increased to 90%.
- Withdrawal processing time is no more than 4 hours (depending on the payment method).
- A complete list of assets is available (more than 70).
- Investment insurance. If the insured investment runs out, a part of it would be compensated.
- Exclusive offers: risk-free trades and personal manager.
- Up to 10% cashback if the week did not bring results.
- Access to VIP tournaments.
The Binomo VIP account contains benefits for those traders who want to increase their trading potential and use all available tools for this.
Conclusion
No matter what type of Binomo accounts you use, Demo, Standard, Gold, or VIP, please remember that trading is risky. Don’t forget to try your strategies on the demo account before the real trades. Also, you can get more unique trading tools to reduce risk with some account types. But there is not a single tool that can protect against a loss by 100%.
