How to deposit in Binomo and start trading

Binomo provides its services to traders from over 130 countries. In this review, we will look at what methods are available for depositing funds on Binomo and how to start trading.

How to deposit in Binomo?

Binomo aims to create a world-class trading platform for users from different countries. Therefore, various payment methods are available on the online platform for depositing and withdrawing funds. Let’s look at what deposit methods are available in different countries to add money to your Binomo account and how to avoid possible problems.

How to deposit with a bank card?

Depositing funds to your Binomo account via any bank card is pretty straightforward. You may use either a personalized bank card (with your name) or a non-personalized bank card (without your name). Moreover, you may even use a card with a different currency than the one used on your Binomo account (INR, KZT, and others).

Now that you are ready to deposit money in a Binomo account, you may follow this simple guideline to move further with it:

1. Open your Binomo account dashboard and the “Deposit” button.
   
2. Click on it and use the drop-down menu to select your “Country” or the region.
   
3. Choose your card service provider from the list, such as VISA or MasterCard.
   
4. Now you need to select the deposit amount. You may choose a recommended amount or custom type as per your requirement.
   
5. Fill in the essential card details: сardholder name, number, CSC, Expiry date.
   
6. Click “Pay.”
   
7. You will receive a push notification or confirmation code via text message on your mobile. Enter it to complete the transaction.

Wait for a few moments for the transaction to be completed. You will be redirected to the page showing your transaction details. Get back to your dashboard to put those funds into action. If you have a problem depositing funds on Binomo, contact support.

Note! You may track your transactions and/or check the status of your transactions by clicking on the “Transaction History” button.

Remember that while you may be able to use a non-personalized bank card to deposit funds into your Binomo account, you need to confirm ownership of the card. For this purpose, you may need to provide one of the following additional documents to Binomo support:

1. Bank reference with official signature/stamp.
2. Bank statement issued by your bank with an official signature/stamp.
3. Screenshot from the bank app or website confirming that you own the account.

Binomo allows free deposits, i.e., without fees, and funds are usually reflected in your account within an hour. In some cases, it may take several hours or even days for funds to be credited to your account.

If you encounter such a problem, contact your card provider and read about specific rules related to payment processing in your country. In almost all such cases, the delay is from the bank, often due to country-specific regulations.

Note! You need to know that the en-version of the site is available for all regions.

The following paragraphs shall discuss cash deposit instructions related to specific regions.

India

Binomo is especially popular in India. Traders can deposit on Binomo with Mastercard/Maestro by following the instructions above. For additional deposit options available to Indian traders (e-wallets, internet banking), see the following sections.

Turkey and Near East

If you have Turkish citizenship and a valid Turkish IP address, you may use these payment options: VISA and Mastercard / Maestro to deposit funds into your Binomo account. All other steps while depositing funds are similar to those discussed earlier.

It is also worth paying attention to three essential points when replenishing funds:

1. You are allowed only to make 5 transactions in a calendar day.
2. Wait at least 30 minutes after your first deposit to make another one.
3. While replenishing your account, you can use only 1 Turkish ID.

The same applies to other territories in the Near East.

Arabic countries

Trading is widespread in Arab countries. Many Binomo accounts are held and operated by Arab residents, such as those in Qatar, the UAE, and Saudi Arabia. You may choose from several bank card issuers to complete deposit transactions in Arab territories. They may include Mastercard / Maestro.

For further deposit options, refer to later paragraphs. You must follow the same steps discussed earlier on the platform to deposit cash into your Binomo account.

Latam countries and Brazil

Suppose you are a resident of Latin-American countries, such as Mexico, Brazil, and Argentina. In that case, you may be able to deposit funds in Binomo using any of the cards provided by your local bank. Again, the card may either be personalized or non-personalized.

Please refer to later sections for further deposit options, such as an e-wallet. To add money to your Binomo account, repeat the steps above.

Note! Not all countries in Latin America have the option to deposit with Binomo using a bank card.

Ukraine

Citizens of Ukraine can replenish their Binomo accounts using bank cards. All you need is a valid bank card issued by your local bank and backed by cards from major brands such as VISA or MasterCard.

To make a deposit using a bank card issued by a Ukrainian bank, follow these steps:

1. Click on the yellow “Deposit” button next to the profile icon.
2. Select “Ukraine” in the “Country” section.
3. Choose the deposit method: VISA or MasterCard/Maestro.
4. Enter the amount for the deposit.
5. Fill in your bank card details (Card Number, Expire Date, CVV2) and click on the “Pay Now” button.
6. Confirm the payment with a one-time password received in an SMS message.

Once the funds have been credited to your Binomo account, you will be redirected to a page with the payment amount, date, and transaction ID.

Kazakhstan

Kazakhstan bank card holders can also deposit funds to their Binomo accounts. They can do it with Mastercard/Maestro and VISA/MasterCard P2P.

If you choose the second option, follow these instructions for depositing funds on Binomo:

1. Go to your profile on the site www.binomo.com and select the “Cashier” section.
2. Click “Deposit funds” and click on “VISA/MasterCard P2P”.
3. Enter the amount and click “Deposit”.
4. You will be redirected to the payment system page, where you must select a bank from the list.
5. Click “Confirm” and “Payment completed” (you have 25 minutes for this process).

Note! You can increase your deposit amount with a bonus or coupon. The amount of the bonus depends on the status of your account.

How to deposit via e-wallet and crypto wallet?

Along with bank cards, Binomo also provides several other deposit options, including e-wallets and crypto wallets. Some of these popular methods are further discussed below.

Crypto wallets

If you own a crypto wallet such as Ethereum or Binance Pay, you may use it to deposit funds to your Binomo account. Send a payment request to www.binomo.com through the “Cashier” section or the mobile app through the “Balance” section.

The following quick guide can be helpful when funding your account via a crypto wallet:

1. Click on “Deposit funds” and choose your country from the list.
   
2. Among available payment methods, choose your crypto wallet.
3. Enter the amount you wish to deposit into your Binomo account.
   
4. Choose your desired Coin and checkout.
5. Check the deposit amount in cryptocurrency and the address to pay.
   
6. Copy this data before leaving the page.
7. Complete the transaction in your crypto wallet.

In most cases, funds are credited to your account within an hour. However, the exact processing time may depend on the number of required blockchain confirmations and other factors.

Depositing money into your Binomo account from a crypto wallet can cause some issues. These tips will help you troubleshoot:

• Check that you are transferring coins from the right crypto wallet; otherwise, they will not be returned.
• You have 15 minutes to send the amount to the address on the invoice. If you have sent an incomplete amount, then before the expiration of these 15 minutes, you can send the rest. If this time has expired, do not send funds! You will receive an email with refund instructions.
• If you sent more than the invoice, the difference would be refunded to you. You will receive an email with instructions on how to get a refund.

If you face any problem with your deposit or refund, contact support@binomo.com.

Note! Please note that the provider takes a commission for the refund.

Skrill

If you have Skrill, you may use it to deposit funds by using the following steps:

1. Click on the “Deposit” button and choose your country.
2. Choose payment method as “Skrill”.
3. Enter the deposit amount and click “Deposit”.
4. Copy Binomo’s Skrill email account and click “Next”. You can also view the GIF instructions by clicking on “How to deposit”.
5. Enter a Skrill transaction ID. For this, open your Skrill account and click the “Send” button to transfer funds to the Binomo account that you copied the address.
6. Click “Confirm”.
7. You will receive confirmation of your transaction within a few moments.

You can also view information about your deposit on the “Transaction history” page in your account.

Neteller

Many traders consider Neteller one of the most popular deposit methods on Binomo. Let’s see how to deposit funds into your account using this e-wallet:

1. Click “Deposit”, select your country, and choose “Neteller” as your payment method.
2. Specify the deposit amount and click on the “Deposit” button.
3. Copy your email address and click “Next”.
4. Log in to your Neteller account and select the “Money Transfer” section.
5. Paste the copied email address and click “Continue”.
6. Enter the amount you chose in Binomo and click “Continue”.
7. Check the details of your transfer and click “Confirm”.
8. Enter your Secure ID to complete your transaction and click “Confirm”.
9. Return to the Binomo page after the “Money Sent” message appears.
10. Paste the transaction ID provided in your Neteller account and click “Confirm”.

Wait for a message that the payment was successful. Now you can start trading on a real account.

AdvCash

AdvCash is one of the most popular e-wallets in many countries, including Latin America. Let’s look at how to deposit funds to Binomo using the AdvCash wallet quickly:

• Click on the “Deposit” button and choose your country in the “Сountry” section.
• Select the payment method AdvCash.
• Enter the amount and click “Deposit”.
• Click on the “Go to payment” button when you are redirected to the Advcash payment page.
• Log in to Advcash with your email address and password.
• Select the currency in your AdvCash account and click the “Continue” button.
• Confirm your transfer.

You will receive a message confirming a successful transaction.

Turkey (Hizli Papara)

Binomo offers Turkish traders several deposit options with e-wallets: Payfix, Papara, Webmoney WMZ, Jeton Wallet, and Hizli Papara. The last one is the most popular in Turkey. Consider how to deposit funds on Binomo using Hizli Papara:

1. Click the “Deposit” button and select your country, Turkey.
2. Choose your preferred payment method, Hizli Papara.
3. Enter the deposit amount and click “Deposit”.
4. Click “OTO PAPARA” on the newly opened page.
5. Enter your name and surname in your Papara account.
6. Click the “YATIR” button.
7. Enter the SMS code sent to your mobile phone and confirm the action.

Soon a message will appear on the screen that the payment was successful. You may go to Binomo transaction history to see details about all your previous transactions.

India (PayTM)

PayTM is a popular payment method in India. You may use the following steps to make a Binomo payment via PayTM:

1. Click the “Deposit” button and select your country, India.
2. Choose your payment method as “PayTM”.
3. Enter additional information: Phone, City, Address.
4. Click “Deposit” after entering the deposit amount, such as INR 4.000.
5. Now log in to your PayTM account.
6. Choose your card. Meanwhile, you will receive OTP. Click “Confirm” after entering the OTP.
7. Your transaction will be completed within a few moments.

Similarly, you can deposit funds using other e-wallets and crypto wallets available on Binomo.

How to deposit via internet banking?

You may be able to deposit funds via bank transfer, especially if you are using Binomo in India, Pakistan, Indonesia, and Brazil. Following is the relevant information regarding some of the most popular internet banking methods.

Colombia

If you are from Colombia and wish to transfer funds via internet banking, simply use the following steps:

1. Click on the “Deposit” button and select your country, Colombia.
2. Choose a payment method as “Bank Transfer”.
3. Enter your deposit amount and click the “Deposit” button
4. Enter the required information (city, phone, and other data) and click “Pay”.
5. You will be redirected to the payment page of your chosen bank. Fill out the form and confirm the payment.
6. Wait for a few moments for your payment to be processed.

You can check the transaction status on the “Transaction history” tab in Binomo.

India

A range of methods is available in India for transferring funds via internet banking. The following payment methods are available for traders from India: Upi, Indian Exchanger, NetBanking, and IndianCash.

While the steps are somewhat similar to those discussed in the previous section, the summary is provided below:

1. Go to the “Deposit” page, select your country “India” and choose the payment method, for example, NetBanking.
2. Enter your amount and additional information (Phone number, Bank name).
3. Click the “Deposit” button.
4. Enter and Re-enter your registered mobile phone number and click “Login”.
5. Use the OTP that was sent to your phone number.
6. Enter your card PIN and click “Login”.
7. Check the specified payment data’s correctness and click the “Pay” button.

That’s all; after the payment is completed, you can return to the Binomo platform and start trading if the transaction was successful.

Brazil

If transferring via internet banking in Brazil, you may choose from a number of choices, such as Pix, Bank Transfer, Itau, Bradesco, Boleto Rapido, Santander, and Internet Banking / Cash. The general instructions remain the same as discussed in previous sections.

Let’s see how to add money to Binomo using Boleto Rapido:

1. Click the “Deposit” button, select the country “Brazil” and the payment method “Boleto Rapido”.
2. Enter your personal data: name, CPF, CEP, email address, and phone number after being redirected to the page of the payment service provider.
3. Click “Confirm”.
4. Click “Safe PDF” or copy the barcode.
5. Log into your bank account app, and click “Pagamentos”.
6. Click “Digitar Números” and enter the Boleto numbers.
7. You will be redirected to a confirmation page. Verify that the information is correct and click “Confirmar”.
8. Check if the sum is correct and click “Próximo”.
9. Click “Finalizar” and enter your 4-digit PIN.

It remains to wait for the receipt of funds to your Binomo account and start trading!

Note! When using “Boleto Rapido”, it may take up to 3 days for funds to be credited to your Binomo account.

South Africa

You may choose any local banks to deposit funds to Binomo: Capitec, FNB, Absa, Investec, Standard, NedBank, African Bank, Tyme Bank, Old Mutual, Bidvest.

Capitec and FNB are among the most popular payment methods in South Africa. Let’s see an example of Capitec how to deposit funds on Binomo:

1. Go to the “Deposit” tab, select your country and choose the “Capitec” payment method.
2. Choose your deposit amount and click “Deposit”.
3. Sign in to your Capitec bank account. Enter your Username and Password and verify the authentication notification you receive on the banking app.
4. In case you have more than one savings account, you will be prompted to choose the account that you wish to use for funds transfer.
5. Ensure to enter your mobile number, as it will be used for sending proof of payment.
6. Click on the “Send” button.

As soon as the payment is complete, you will be redirected to a “Payment Successful” page along with the transaction details.

Fees

Binomo does not charge fees or commissions when you deposit funds into your account. Moreover, there is no subscription fee when trading on the Binomo platform.

At the same time, the minimum deposit of Binomo is only $10 ($5 or the equivalent amount in the INR for traders from India). You can also use the bonus and increase the deposit amount when replenishing your account.

However, some payment service providers may charge transfer fees, especially if you deposit in a currency other than the currency of your Binomo account. The payment service provider may charge a conversion fee.

Be sure to visit your payment service provider’s website to find out what fees they charge. As a rule, they make up a small percentage. But it is essential to know this before depositing on Binomo so that you are not surprised by a sudden charge for transferring funds.

Frequently Asked Questions (FAQs)

If you are still unclear about some aspects of depositing funds on Binomo, the following short answers to some of the most frequently asked questions will prove helpful.

Is it safe to send you funds?

It is completely safe to send funds through the “Cashier” section or the “Deposit” button on www.binomo.com. The company works only with proven and reliable payment service providers, both national and international.

Furthermore, payment service providers comply with all local and international personal data protection and security standards. They include 3-D Secure and the PCI standard (used by VISA and some others). Therefore, your data is always safe, and you can deposit money in Binomo without worrying about security.

How to deposit with a non-personalized card?

At Binomo, you can deposit using a non-personalized card, i.e., a bank card that belongs to you but does not have your name on it. However, a few additional steps must be taken when using this type of bank card.

You need to verify that you are indeed the owner of the non-personalized card. Submit one of the following documents to Binomo support to confirm your ownership of the card:

1. Reference from the bank with an official signature/stamp.
2. Bank statement issued by your bank with an official signature/stamp.
3. Screenshot from your bank account in the app or website.

Ensure that the cardholder’s name and card number are visible on the documents. To send documents to support@binomo.com, use the email you specified when registering on the platform.

Can’t deposit with a bank card, what do I do?

If you are unable to add money to Binomo with a bank card, try the following tips:

1. Ensure your country of residence is correctly stated in your profile and the payment order. It should be the same as the cardholder’s residence.
2. Check that you have selected the correct card brand. For example, you could choose Mastercard incorrectly, although your card brand is VISA.
3. Double-check and ensure all account details such as Card Number, Expire Date, and CVC are correct.
4. Contact your card provider or mobile operator if you do not receive the confirmation code via SMS. If you received it, make sure the code is entered correctly.
5. Use a different browser or clear your cache if the issue persists.

If you still cannot resolve the issue, contact Binomo support or choose another payment method such as an e-wallet or internet banking.

My deposit didn’t go through, what do I do?

This problem does not occur often but can still occur for various reasons.

1) Funds have not been debited from your Wallet or Card

The most common reason is that your payment is pending, and it may take some time (up to 3 business days) to process it. However, if your payment is declined, the service provider will tell you the reason for the rejection so that you can resolve the issue.

If the payment does not go through for more than 7 days, contact Binomo support or your service provider for assistance and guidance regarding the completion of the transaction.

2) Funds have been debited but not credited to Binomo

In this case, Binomo recommends waiting one business day. But if the problem persists, contact Binomo support via email, sending proofs of payment such as transaction ID, account number, and screenshots.

If you see the status of your payment as “Pending”, follow these steps:

1. Check if you have correctly followed the instructions for depositing Binomo. It is available in the Help Center under “Deposit”.
2. Contact your bank/digital wallet provider to help issue if your payment takes longer than one business day to process.
3. Email support@binomo.com if the funds have not been credited to your account and your payment provider assures that everything is in order.

You may check the transaction history section in your account to get further information about all the past transactions. The “Transaction history” section is located in “Cashier” if you trade through the site www.binomo.com. If you are using a mobile application, open the left side menu, select the “Balance” section and view the transaction history.

If your deposit status is “Rejected” or “Error”, click on the rejected deposit to find out why. Try to eliminate the cause and send the deposit again. If the error persists, email support@binomo.com.

How much time does it take for funds to be deposited into my account?

Once you complete the transaction, it is assigned the “Pending” status. It implies that the payment service provider is processing the payment. In most cases, your funds appear in your account within an hour. But sometimes, due to national regulations or processing limitations, it may take up to 6-8 hours.

Remember that the maximum processing time for most payment service providers is 3-5 working days, which rarely comes to that. However, your payment may coincide with national holidays and may be delayed by a few days. In this case, contact your service provider to know the exact status of your payment and the expected time it might take to clear it.

How do I fund my account with a card (e-wallet) in a different currency?

You do not have to worry if your card or wallet is in a different currency. Proceed with the usual payment method, i.e., through the “Cashier” section on the website www.binomo.com or “Balance” in the app. Your funds will be converted to the currency of the Binomo account automatically.

Also, note that Binomo does not charge any currency conversion fees. However, some fees may apply from the payment service provider. Therefore, it is recommended to find out about this from your service provider before paying.

Moreover, before your payment is processed, Binomo will show you the converted amount in the target currency. It ensures better decision-making at the user’s end.

Do you charge for depositing?

Binomo does not charge fees or commissions when you deposit funds to the Binomo account. Actually, it is quite the opposite. When you replenish your account, you can get a bonus. The deposit bonus amount depends on your account’s status and can reach up to 100% for Standard, up to 150% for Gold, and up to 200% for VIP.

However, some payment service providers may charge their fees for transferring funds. It is especially true if your payment method and Binomo account are being operated in different currencies. In such cases, the service provider may charge a certain conversion fee.

Note! Be sure to check with your payment service provider for any applicable fees/fees.

Can I deposit with a card that isn’t mine?

A plain and direct answer to this question is NO.

Using someone else’s card or other payment method is strictly prohibited per the Client Agreement. Ensure any card or e-wallet you use to deposit funds on Binomo belongs to you.

You can still use a non-personalized card as a deposit method. Remember, a non-personalized card does not have your name on it, but it belongs to you. When making a transaction, you will need to verify your ownership of the card for the transaction to complete.

When will the funds be credited to my account?

It may largely depend upon your payment service provider. Some transfers, usually via bank cards, are credited instantly, while others may take up to 3 days.

Remember that national laws, payment service providers’ policies, or local holidays may delay transaction processing. In 99% of the cases, any delay is at the end of the payment service provider and not Binomo.

Don’t worry if your funds are not credited to your account even after a few hours. Wait for at least one business day. If the issue persists, contact support@binomo.com to find out the exact reason for the delay.

How to trade on Binomo online?

Before talking about effective trading on Binomo and investment opportunities, it is essential to understand how to reduce the risk of losing funds. Therefore, every trader should know how the Binomo trading platform works, from choosing assets to setting up charts.

What is an asset?

An asset is a financial instrument that can be used for live trading. Examples of assets include currency pairs, indices, commodities, and equity securities, to name a few. The complete list of assets available for trading on the platform can be seen in your account in the upper left corner next to the inscription “Binomo”.

The number of assets available for online trading depends on the type of your Binomo account:

• Standard – more than 40;
• Gold – more than 60;
• VIP – more than 70.

The price of assets is constantly changing depending on the market situation. The task of traders is to analyze it and forecast how the price of an asset will change at a specific time.

To select the asset, for example, the EUR/USD currency pair, follow these steps:

1. Click on the asset in the upper left corner of the platform to see the list of available assets.
2. Choose one of the assets to trade. The assets available for your account type (Standard, Gold, or VIP) are divided into sections.

If you’re using the web version of a platform, you can trade on multiple assets at once. Click on the “+” button to the left of the asset section. The asset you choose will add up.

Note! Some assets are only available on certain days of the week.

How to start trading?

Having the necessary capital is one of the steps to start trading on Binomo. But the availability of funds is not enough to ensure positive results. It is important to understand how Binomo works, what trading tools it provides, and how to use them effectively.

That is why beginners should first try their hand at a demo account before moving on to real investments and trading on Binomo. It is a safe environment with virtual $10000 where you can learn how to trade on the platform. At the same time, the demo account allows you to use live charts for trading.

Note! Binomo provides its service in Hindi, English, and others (except Malayalam).

How does Binomo work?

The Binomo investment platform is available in India, Nigeria, and more than 130 countries worldwide. Here, a trader can invest and trade regardless of their experience. And all thanks to the convenient and straightforward FTT system (Fixed Time Trades).

Let’s take a look at how to invest and trade on Binomo:

1. Select an account type. Before live trading, do not forget to switch from a demo account to a real one.
2. Select an asset from the list available for your account type. The percentage indicated next to the asset determines its profitability. The higher it is, the more you will get from the trade amount in case of a correct forecast.
3. Set the trade amount. The minimum trade amount is $1 or the equivalent in your account currency. The maximum trade amount is $1000. The safest way for beginners is to start trading on Binomo with a small investment to test the market and get comfortable.
4. Select an expiration time of the trade. It is time the trade ends. In the “Time” section, you can set the best time for your trade from 1 to 60 minutes. In the right column, you will see 1-minute periods; in the left column, you will see 15-minute periods.
5. Make a forecast. Analyze the asset price movement on the chart and make your forecast whether it will go up or down. Click on the green button if you are sure that the asset’s price will go up or on the red button if you are sure that it will go down.

If your forecast is correct, you will get additional income from the trade (the invested amount and a percentage of it). Otherwise, you will lose your investment.

Note! The profitability of the trade depends on the type of Binomo account: up to 85% for Standard, up to 90% for Gold/VIP.

The best time to trade

Day trading is perfect for you if you have learned how to manage your capital, identify trends, and instantly react to changing market conditions.

At night, the market is calm, so for beginners, it is the best time to trade. The chosen strategy also affects the trading time. For instance, the “Night channel” strategy can work at night, but it will bring losses during the day.

History of trades

The Binomo platform allows you to track your trading activity. You can find information about completed trades in the “Trades” section. The history of trades is available in the Binomo web version and the mobile app.

To view the history of opening and closing trades, follow these steps:

• In the web version, select the clock icon and click on the preferred trade.
• In the mobile app, open the menu and select the “Trades” section.
• In the new Android app version, tap on the clock icon in the menu bar at the bottom.

Trade history is a valuable tool to help you track and analyze your trading progress. All this will eventually improve your trading skills.

Is there trading software?

You can trade leisurely on your PC on the Binomo platform at home or use the mobile app to invest and trade on the go. The mobile software is in no way inferior to the web version of the platform, while it is available wherever there is an Internet connection.

Note! You can download the mobile app on the official website www.binomo.com using the QR code or the Google or Apple app stores.

Read a chart

The chart displays the change in the price of an asset in real-time; therefore, it is an important trading tool for a trader. The platform has four types of charts: Bar, Candle, line, and Mountain. You have to choose a chart type that will allow you to analyze the market, invest and trade in real-time effectively.

Let’s see how to customize the chart according to your preferences:

• Click the chart icon in the bottom left corner of the platform and select a chart type. As a rule, the Candle chart is the most informative and useful.
• Click the time icon and set the time frame, which displays the frequency of new price changes in the asset.
• Adjust the chart’s scale by pressing the “+” and “-” buttons or scrolling the mouse. If you use a mobile application, zoom in and out on the chart with your fingers.

Note! You can select the chart type, time frame, and indicators in the new Android app version on the panel above the chart.

Use indicators

Indicators are another useful trading tool for chart analysis. They clearly show how the market and the price of an asset are changing. Indicators work well with strategies to help traders make correct forecasts.

There are various indicators on the Binomo trading platform: RSI, Moving Average, Bollinger Bands, and others. You only have to choose which indicators are best for their purposes.

Consider how to set up indicators on Binomo:

• Click the “Trading tools” icon in the lower-left corner of the platform.
• Click on the indicator you need.
• Customize it as you wish and click “Apply”.

You can see all active indicators above the list. If you use the mobile app, they are displayed on the “Indicators” tab.

Despite the variety of trading instruments and demo accounts for practice, it is essential to remember that trading always carries the risk of losing funds. Only improving your trading skills and the ability to use the strategies and functionality of the platform correctly will reduce this risk.

Frequently Asked Questions (FAQ)

Below are some frequently asked questions that will help you understand how to trade on the Binomo platform.

Can I close a trade before the expiration time?

The Binomo platform uses FTT mechanics, so you cannot close a trade before expiration. For example, if you select 17:30 as your expiration time, the trade will close at precisely 17:30. You cannot change the end time of the trade.

How to switch from a demo to a real account?

You can switch from a demo account to a real one at any time by following these steps:

1. Find your account type at the top corner of your Binomo dashboard and click on it.
2. Choose “Real account” on the dropdown menu.
3. Wait for a notification that you are now using a real account.

You will be able to start trading with real funds after switching from a demo account to a real one.

How to be efficient in trading?

To trade effectively, making the most of every opportunity is crucial. It will allow you to correctly forecast the asset price movement, eventually leading to additional income.

Below are some tips to help you improve your trading efficiency:

• Explore the platform first before embarking on an actual trading journey. You can use a demo account to familiarize yourself with the different tools and strategies available on Binomo. You can also participate in the free “Daily Free” tournament to test your potency against real traders.
• Choose familiar assets for trading. If you don’t know what assets are popular, start by researching them. Focus on one asset and try to forecast how its price will change.
• Test the market by depositing small amounts. On the Binomo trading platform, you can open a trade for as little as $1. You can increase the trade amount when you are confident in your trading skills.
• Learn new strategies, techniques, and mechanics in trading. Doing so will help you make sound trading decisions in the long run. For example, you can find an excellent strategy section on the Binomo platform that describes how to use them step-by-step.

What does time remaining mean?

The remaining time is the time left for the trader to open a trade with the selected expiration time. In the mobile software, it is called “Time to buy”. It is marked with a red vertical line on the chart and displayed above it (in the web version).

The remaining time depends on the set expiration time. When you change the expiration time, the remaining time also changes.

Why are some assets not available to me?

Not being able to see certain assets in your Binomo account is due to two reasons:

1. Your account status. Some assets are available only to owners of certain accounts. For example, if you are a Standard account holder, you may not be able to access some assets that are only available to Gold or VIP account holders.
2. Asset availability. Some assets are available only on certain days of the week.

What is the time frame?

It is the period during which the chart is formed. In the web version and mobile app, you can change the time frame by clicking on the icon in the lower-left corner of the chart. In the new Android app version, this function is located on the panel above the chart.

Note that the time frame can be different depending on the chart type:

• For the bar and candle charts, the minimum frame allowed is 5 seconds, while the maximum is 30 days.
• For the line and mountain charts, the minimum frame allowed is 1 second, while the maximum is 30 days.

The time frame you set for each chart will determine the number of times that price changes are displayed on the charts. With an increase in the time frame, the main trends in price movement become noticeable, with a decrease – current, local trends.