Have you ever wondered how you can make additional income online? Well, I have the answer for you – Binomo. It is an online trading platform where you can trade currency pairs, commodities, and other assets from anywhere in the world. All you need is an internet-enabled device, a minimum of $5 trading capital, and you can begin to earn up to 90% additional income by trading (if your forecast is correct).
First of all, you should register on the platform. In this article, you will find all the steps to quickly create an account, log in and start trading on Binomo.
Step 1. Registering an account
To register and log in to the Binomo account, just follow the steps below:
- Open your browser and sign in to the website www.binomo.com.
- Alternatively, you can download the mobile application from either the Google or iOS app stores and register.
Registration on Binomo is possible in several ways. First of all, you can use your email. You will find a space provided for your email address, type it in and ensure that all the characters are correct. The next step is to ask you to create a password. You must create a strong but easy-to-remember password for the security of your account.
You will be able to sign up to Binomo use your Facebook account. If you are already logged into your Facebook account in a browser, you will simply proceed to the next step. Otherwise, you will be taken to another browser window where you will need to log into your Facebook account.
You will also get the way to register with your Google account. The process is the same as logging into Binomo with your Facebook account.
Note! When registering and logging into the Binomo platform, you can choose the language you need, like English.
Step 2. Select currency when you open Binomo account
When you create an account, after you enter your email address and create a password on the login page, the next step is to select your preferred currency to trade on Binomo. This is the currency in which your account will be installed. All your deposits, trades amounts, and funds for withdrawal will be measured in this currency.
You can pick the currency of your country of residency. But, most traders on Binomo prefer to select the USD. Whichever one you pick, put a lot of thought into it before you make a final decision, as you can not change the currency you select. To change, you will have to close your existing account and create another one.
Note! You can learn more about how to close your Binomo account and create a new one in the Help Center section.
Before creating an account and logging in to Binomo through a PC or app, you must go through the Client Agreement document to understand the terms, regulations, and policy of the platform. If you are satisfied with it, click on “Accept” to indicate so.
Step 4. Log in to your account
To log in to your Binomo account on the website, click on “Sign-in”. It is located in the upper right corner of the website. A dialogue box will open, with “Sign-Up” and “Login” ways. Click on the “Login” tab and enter the email address and password that you used in creating the Binomo account. Then, click “Sign-in”.
The process is almost the same for when you want to use the mobile application.
Step 5. Choosing an account type
There are 4 different account types on Binomo. The first is the demo account which you will be granted access to immediately when you log in.
The other account types are as follows:
- Standard. This is the first real account. It requires a minimum deposit of only 10$. For Indian traders, the minimum deposit is 5$.
- Gold. If you want more features, you can go for the gold account. It requires only a total cumulative deposit of 500$.
- VIP. If you want the best of Binomo’s features, the VIP account is available. It only requires a total cumulative deposit of 1000$.
Practice on a Demo account
Before you choose an account type and begin to trade, you can first log in to Binomo and train yourself by trading on the Demo account. It comes with 10,000$ in virtual trading capital which you can use to make trades in real-time without the risk of losing real capital. The 10,000$ gets replenished when it runs out.
Step 6. Go through verification
Verification is needed to keep the Binomo platform and clients’ funds safe from unscrupulous scammers. Also, the measure is a vital condition required by Binomo’s regulators and payment partners
Verification is done to confirm traders’ identities. It may not be required immediately your account is created, but every trader on Binomo has to undergo verification at some point. Whenever it is requested, withdrawals will be suspended until your verification is complete. However, you can continue trading.
Note! The entire process can be completed in 10 minutes thanks to the automatic verification service if you have the necessary documents.
Required documents for verification account include:
- Your passport, driver’s license, or any other acceptable ID.
- The bank card or e-wallet number you used to deposit on your Binomo account.
- A statement of account from your bank.
All you will have to do is take photos of these documents as requested and upload them in the order requested. You can also send them by email at email@example.com. Verifying your account normally takes us less than 10 minutes.
Trading on Binomo is a good way to get additional income. To do this, it is enough to register. Also, to help you, the company has created tools to help you hone your trading skills. You can use a demo account for practice, which is available immediately after logging into the platform. To cap it off, Binomo has employed high-end security methods to keep your funds safe such as a verification account.
However, you should know that trading in financial instruments is a highly risky affair. You are as likely to double your capital as you are to lose it. So, you have to keep this risk in mind before making trades. Only trade capital that you are willing to lose.