Many apps have emerged with the rising popularity of online trading in India. However, not many of them can be trusted quite like Binomo. Find out everything you need to know about the Binomo app in the review, including how to download it on iOS, deposit and withdraw money in India, and more.
What is the Binomo app?
The Binomo trading app is a platform that allows you to invest, trade, and earn extra income wherever you are. The number of countries in which it is known has exceeded 130. You can log in to the Binomo app in various languages, such as Hindi and English.
Is Binomo real or fake?
Novice Indian traders may ask if the Binomo trading app is safe or a scam and if it is legal in India. The fact that the International Financial Commission regulates Binomo proves that the company is genuine and legit.
Binomo has a trade quality certificate from Verify My Trade and received the FE and IAIR Awards for excellence in international finance and markets. More information about regulations and awards of the platform is posted on the official website www.binomo.com.
To gauge the platform’s reliability, you can check out real traders’ reviews on reputable forums like Quora. There, Indian users share the details of using the Binomo app in Hindi, Tamil, Telugu, and English.
Pros of the Binomo app
Let’s take a closer look at the reasons why thousands of Indian traders choose the Binomo trading app:
- It is accessible from any location where there is the Internet. Plus, the app does not require a high connection speed.
- Convenient switching between screens allows you to analyze the market quickly.
- Variety of free educational materials like the Help Center. It is the main tutorial on Binomo or the equivalent of Wikipedia on trading with answers to FAQs.
- A demo account with unlimited virtual funds that is available immediately after registration. In this safe environment, you can practice trading without risking real investments.
- 24/7 customer care solves your problem with the chatbot in the app or by writing to the agent at support@binomo.com.
Download the Binomo iOS app
You can install the Binomo trading app on your iPhone or iPad for free. Go to the App Store, type “Binomo: Smart investments”, and download the software like any other. The registration panel will automatically open when you visit the Binomo app for the first time.
Register and log in to the iOS mobile platform
The registration process for the Binomo trading app is hassle-free. All you have to do is follow the simple steps below:
- Enter your email and create a strong password.
- Choose the currency you want to trade in. Note that after registration, it cannot be changed.
- Read the Сlient Agreement and Privacy Policy before ticking the consent box. Violation of the platform rules may result in blocking your account.
- You will automatically receive an email asking you to verify your address. Click on the link inside it to complete the registration process. If you didn’t receive an email, check your spam folder first and contact support@binomo.com.
After confirming your email, you can log in to the Binomo iOS app to practice on a demo account or switch to a real one. You can also access the platform through Facebook or Google account.
How to deposit funds in the Binomo iOS app?
The Binomo trading app allows you to start real trading with small amounts. The minimum deposit in India is only $5. Follow the steps on how to deposit in the Binomo iOS app:
- Click the yellow “Deposit” tab in the top-right corner.
- In the “Choose payment option” menu, pick your location and preferred payment method. For Indians, GlobePay, UPI, PhonePe, PayTm, Indian exchanger, NetBanking, etc., are available.
- Enter the amount to invest and click “Deposit”.
- Enter the information required by the payment system to complete the deposit process (phone, city, address).
Usually, funds on Binomo are credited instantly. If more than 24 hours have passed, but your account has not been replenished, write to support@binomo.com.
How to use the Binomo iOS app to trade?
The main trading mechanic used in the Binomo app for iOS is a Fixed Time Trade (FTT). It is understandable even for novice traders and allows you to get additional income in just 1 minute.
Follow the steps below on how to trade in the Binomo iOS app:
- Choose an account type. If you are new to the Binomo platform, practice on the demo to learn how the iOS app works. However, if you think you are ready to trade with real funds, you can choose a real account.
- Select an asset and the amount you wish to invest. The trade entry threshold on Binomo is only $1.
- Choose the time for your trade, which can be from 1 to 60 minutes.
- Make a forecast if the price of an asset will go UP or DOWN by clicking the green or red arrow, respectively.
- Wait for your trade to close to determine if your forecast was correct or not.
If your forecast is correct, you will get additional income and be able to withdraw it. If the forecast is incorrect, you will lose the amount invested in the trade.
How to withdraw funds from the Binomo iOS app?
Before you start withdrawing extra income from the Binomo trading app, there are a few things you should keep in mind. The minimum withdrawal amount is greater than the minimum deposit one and is $10.
Follow these simple steps to withdraw funds:
- Click on your profile photo and go to the “Balance” section.
- Click on the “Withdraw” button.
- Select a payment system and the amount you want to receive, and send a withdrawal request.
Withdrawal of funds takes from several minutes to 3 days or more and depends on the status of your account. VIP clients are served faster. However, the final time for crediting depends on your payment system.
Withdrawal can only occur if you choose one of the payment methods you used to make a deposit. This condition protects your funds from falling into the hands of strangers or even fraudsters.
Conclusion
As you can see from the review, Binomo is considered one of the best trading apps in India. There is no doubt that the iOS app is safe and suitable for both beginners and experienced traders. However, do not forget about the risk of losing investments. To reduce it, go through training and practice on a demo account.
