How to Register and Trade CFD at Binomo

How to Register and Trade CFD at Binomo


How to Register Account at Binomo


Register Account on Binomo with email

In order to ensure the legality and security of the company’s services, access to trade on this site, you need to have a real e-mail, as the company is conducting a procedure to verify the user’s identity and the information you provided.
How to Register and Trade CFD at Binomo
To register on the site you need to perform the following steps:
  • enter your email address and specify a password
  • choose the currency of the account
  • it is necessary to accept all the of the user agreement specified on this site.
How to Register and Trade CFD at Binomo
In order to secure your account, you must create a strong password in accordance with the requirements specified in the registration window under the word «password»:
How to Register and Trade CFD at Binomo


Register Binomo account with Facebook

You can also register on this site using your personal Facebook account.
How to Register and Trade CFD at Binomo
If you are not authorized in advance in your Facebook account on this device, then at the time of registration on the site the system will ask you to do this.

Register Binomo account with Gmail

This site is available for registration using your personal Google account. Here you also need authorization in your Google account.
How to Register and Trade CFD at Binomo


Select currency when you Open Binomo account

To select a currency on the site, you can focus on your location. For the local currency that is relevant in the region. But despite everything, the US dollar is considered the most stable and strong currency.
How to Register and Trade CFD at Binomo


Accept the Client Agreement and Privacy Policy on Binomo

In order to minimize the risks associated with the funds in your account, you need to carefully read the Client Agreement and Privacy Policy.

The Client Agreement contains a full description of the services of this site, the rights and obligations of the parties, and most importantly, an agreed level of quality of the provision of this service.

Privacy Policy is an internal document that establishes the rules for the collection and processing of personal data of users on a specific web resource.

You should familiarize yourself with these documents during your first visit to the site or during registration:
How to Register and Trade CFD at Binomo
On this site, you can familiarize yourself with these documents in the following sections.
How to Register and Trade CFD at Binomo


Register account on the Binomo iOS mobile platform

Registration for the iOS mobile platform is also available for you. You need to install this application on your mobile device. After that, you need to register account or, if you already work with this trading platform, log in to your account.

To register, you need to perform the following steps:
– enter your personal email address and password

– choose account currency

– it is necessary to accept all the terms of the user agreement, prescribed on this site.

How to Register and Trade CFD at Binomo


Register account on the Binomo Android mobile platform

For you, registration is available on the Android mobile platform. You can find app in the Google Play Market.

Next, you need to install this application on your mobile device. After that, you need to register account or, if you already work with this trading platform, log in to your account.

To register, you need to perform the following steps:
– enter your personal email address and password

– choose account currency

– without fail to accept all the necessary conditions of the user agreement, prescribed on this site.

How to Register and Trade CFD at Binomo


How to trade CFD at Binomo


What is CFD?

CFD is an over-the-counter financial instrument. This also means that during the trading process, the traders need not buy or sell the asset itself. They just need to make a forecast whether the price will rise or fall. If the forecast is correct, they will get additional money that is determined by the difference between the opening price and the closing price.
At the moment, trading on CFD is available on demo account in the Binomo application for Android.


How to trade on CFD?

In order to open a trade on CFD, please perform the following steps:

- choose the demo account;
- open the list of assets and go to a separate section for CFD, select asset;
How to Register and Trade CFD at Binomo
How to Register and Trade CFD at Binomo
- set the multiplier: 1,2,3,5, or 10;

- select the trade amount;

- open buy or sell trade by clicking on the "down" or "up" arrow;

- close the trade manually at the desired time;
How to Register and Trade CFD at Binomo
At the moment of the trades opening, a fixed commission of 0.02% of the trades volume is debited from the traders demo account. Please note that if the price of an asset moves in the opposite direction to the forecast and goes 95% minus, then the trade is closed automatically.

If you do not close the trade yourself, it will be closed automatically after 30 days from the time of opening.


Features of CFD trading

1. CFD is available only in the Android application, only for trading on the DEMO account.

2. The trade amount is the sum of the purchased CFD asset.

3. Trading time: from Monday 07:00 UTC to Friday 21:00 UTC.

4. Trades on CFD on the DEMO account are closed automatically after 30 days from the date of opening, at the current price of the asset.

5. If the moment when the trade is closed automatically (see clause 5) falls on:
  • holiday (on the day when the asset is not traded)
  • weekend (from Friday 21:00 UTC to Monday 07:00 UTC)
  • any other time when the asset is not traded on the platform
then the trade is closed as soon as the market price arrives in the subsequent trading period.

6. If an asset is opened with a price gap (price hike) in the direction of the trade, the closing is carried out strictly at the market price.

         If an asset is opened with a price gap (price hike) in the direction opposite to the trade, the closing is also carried out strictly at the market price, but not lower than -100% of the transaction amount.

         Please note that only in this case the "Technical Stop Loss" can be equal to -100%, and not -95% of the initial trade amount.

7. The client can close the trade manually (before the expiration of 30 days) at any time during the working hours of the corresponding asset.

8. Technical Stop Loss. If the trade loss reaches -95% of the initial trade amount, the trade is closed automatically by the system. The reason for closing is additionally displayed in the trade history.

9. No more than 20 CFD trades can be opened at the same time on the DEMO account.

10. There is no spread, but commission is charged for the opening of the trade. The commission is charged from the DEMO balance when the client opens the trade and amounts to 0.02% of the trade volume. The size of the commission is rounded up to tenths of the demo account currency (up to cents), always upwards.

11. There are no Take Profit and Stop Loss limits (except the above mentioned Technical Stop Loss).
Thank you for rating.
Source: https://binomo.plus/how-to-register-and-trade-cfd-at-binomo-1009114
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