How to Start Trading at Binomo for Beginners

How to Start Trading at Binomo for Beginners

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 Start Trading at Binomo for Beginners
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 Start Trading at Binomo for Beginners
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 Start Trading at Binomo for Beginners


Register Binomo account with Facebook

You can also register on this site using your personal Facebook account.
How to Start Trading at Binomo for Beginners
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 Start Trading at Binomo for Beginners


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 Start Trading at Binomo for Beginners


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 Start Trading at Binomo for Beginners
On this site, you can familiarize yourself with these documents in the following sections.
How to Start Trading at Binomo for Beginners


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.

For convenience, in this mobile application, you can activate the «keep me signed in» button, so that the next time you open the application, authorization is performed automatically.
How to Start Trading at Binomo for Beginners


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.

For convenience, in this mobile application, you can activate the “Keep me signed in”, so that the next time you open the application, authorization is performed automatically.
How to Start Trading at Binomo for Beginners


How to Verify Binomo Account


General Questions

How do I pass verification?

After youve received a verification request by email, youll need to complete these steps:

1) Prepare the documents required for verification:
  • Color scan or digital photo of your passport or ID card, both front and back sides;
  • Color scan or photo of the bank cards and e-wallets you used to deposit: cardholders name, the first 6 and last 4 digits of the cards number, the wallet number, owners name, and the details of your latest transaction to Binomo should be visible.
Important! Make sure the documents are valid and up-to-date. Names, photos, numbers, dates, and other significant data should be clearly visible and legible. We accept documents in the following formats: .pdf, .jpg, .png, .bmp.

2) Email documents to [email protected] or attach them to a message in the support chat. Use the email you’ve specified on registering.

3) Check if youve correctly entered your real name and surname in the Binomo profile. It must be the same as on the documents sent.

4) Wait until weve checked the documents. Verification usually takes less than 3 business days. In rare cases, this period may be extended to 10 days. You can make deposits and trade while waiting, the restriction applies to withdrawals only.

5) Upon completion, youll get a confirmation email and be able to withdraw funds. Thats it, youre a verified Binomo trader!

Do I need to verify on registering?

Theres no requirement to verify on registering, you’ll only need to confirm the email. When it comes to payment methods, you wont be able to verify in advance. You can only do that after youve used a payment method to fund your Binomo account.


Can I trade without verification?

You are free to deposit, trade, and withdraw funds until verification has been requested. This usually happens when you try to transfer money from your Binomo account; after that, withdrawals will be blocked pending verification.

The good news is, the restriction does not affect trading.

When will I be able to withdraw funds?

You can withdraw right after the verification has been completed. The withdrawal request will be processed by Binomo within 3 business days. The exact date and time youll have received the money depends on the payment service provider.

How long does verification take?

Verification usually takes less than 3 business days.

In rare cases, this period may be extended to 10 days. You can make deposits and trade while waiting, but you won’t be able to withdraw funds until the verification has been completed.


Identity verification

How do I verify my identity?

Send to [email protected] a color scan or digital photo of your ID card (both front and back sides) or national passport. Photo, the first and last names should be visible.

Important! The documents must be sent from the email you entered on registration. You can also attach them to a message in the support chat. We accept documents in the following formats: .pdf, .jpg, .png, .bmp.

Can I trade if Im underage?

Trading on the Binomo platform is prohibited for minors in accordance with clause 4.3 of the Client Agreement. For further information, please contact us at [email protected] or in the live chat.

How do I verify my address?

Send one of the items listed below:
  • A utility bill (gas, water, electricity, phone, or internet). It must have been issued within the last three months.
  • A bank or mortgage statement with a list of transactions. Must have been issued within the last three months.
  • Government correspondence (a notification of taxes owed, a tax refund, or collection); must have been sent within the last six months.
  • Proof of address from your municipality with a seal. It must have been issued within the last six months.
  • A national passport or ID with your address on it (the photo must be visible).
Important! Your first, last names, and home addresses should be visible. The documents must be sent from the email you specified on registering. You can also attach them to a message in the support chat. We accept documents in the following formats: .pdf, .jpg, .png, .bmp.

Why do I need to verify my phone number?

You dont have to, but it helps us ensure the security of your account and funds. It will be much faster and easier to restore access in case youve lost the password or got hacked. Youll also be getting updates on our promotions and bonuses before everyone else. VIP traders get a personal manager after verification.

Youll get a pop-up notification prompting to enter the phone number. It can also be specified in advance in your profile. Youll only be asked to verify the phone number as youve achieved VIP status; we use standard procedure with SMS confirmation code.

Payment Methods Verification

How to verify a bank card?

Send to [email protected] a color scan or photo of the bank card you’ve used to deposit. The cardholder’s name, first 6 and last 4 digits of the card number, and the expiration date should be visible. If you want to use multiple cards for withdrawals, send photos of all these cards. You can only verify a bank card after you’ve used it to fund the Binomo account.

Important! The documents must be sent from the email you entered on registration. You can also attach them to a message in the support chat. We accept documents in the following formats: .pdf, .jpg, .png, .bmp.

How to verify a non-personalized bank card?

If the cardholder’s name isn’t specified on your bank card, youll need to confirm your ownership. Send one of the following documents to [email protected]:
  • Bank reference with a signature and stamp;
  • Statement from the banking service with a signature and stamp;
  • Screenshot of your account from the bank app or online service.
Important! The cardholder’s name and card number should be visible. The documents must be sent from the email you specified on registering. You can also attach them to a message in the support chat. We accept documents in the following formats: .pdf, .jpg, .png, .bmp.

Can I verify a card that isn’t mine?

Using payment means belonging to third parties to credit your Binomo account is prohibited by clause 5.3 of the Client Agreement. For further information and assistance, please contact us at [email protected] or in the live chat.

How to verify an e-wallet?

Send one of these documents to [email protected]:
  • Screenshot from the page detailing the owner’s personal information: the wallet number and owner’s name should be visible.
  • Screenshot with the details of the latest transaction to Binomo: the date, transaction sum, wallet number or owner’s name.
Important! The documents must be sent from the email you specified on registering. You can also attach them to a message in the support chat. We accept documents in the following formats: .pdf, .jpg, .png, .bmp.

How do I verify a BTC or LTC wallet?

Send to [email protected] a screenshot with the transaction ID (hash) and address of the BTC/LTC wallet you’ve used to fund your Binomo account. Please note: you won’t be able to pass verification and withdraw funds to a single-use wallet.

Important! The documents must be sent from the email you specified on registering. You can also attach them to a message in the support chat. We accept documents in the following formats: .pdf, .jpg, .png, .bmp.

How to Deposit Funds at Binomo

  1. Go to mobile Binomo App or Website.
  2. Login or Open account.
  3. Click “Deposit” button.
  4. Select payment method.
  5. Select deposit amount.
  6. Go to payment page.

Account crediting via credit card

You can deposit money into your trading account in the "Cashier" section, in the "Deposit" tab using Visa, Mastercard, Maestro or JCB card (variety of supported cards depends on your country), including currency and nameless cards.

The main condition is that it must belong to you!

The funds typically arrive instantly after the payment is confirmed by your bank (via SMS or some other way).

But sometimes payments can take a little longer. In that case, please do not forget to check the status of your payment.


Account crediting via bank card with different currency

You can credit your account using a bank card with a currency different from Binomo account currency. In this case, the bank will convert the funds into the currency of your account at the current internal rate of that bank.

The reverse will occur when withdrawing funds. The funds will be converted by the bank at their internal rate into the currency of your card.


Account crediting via nameless card

You can even credit your account using a nameless card. However, remember that account crediting using a nameless card from a third party is prohibited on our platform.

We sincerely thank you for understanding!


Account crediting via third party card

You can only use your own cards or electronic wallets to credit your account balance. Crediting via the cards or wallets of third persons is prohibited.

Arabic countries (VISA/MasterCard/Maestro)

1.Click on the "Deposit" button in the right top corner.
How to Start Trading at Binomo for Beginners
2. Choose your country in the “Сountry” section and select “VISA”, “MasterCard/Maestro” method.
How to Start Trading at Binomo for Beginners
3. Сhoose the amount to deposit.
How to Start Trading at Binomo for Beginners
4. Fill in your bank card details and click on the ”Pay” button.
How to Start Trading at Binomo for Beginners
5. Confirm the payment with a one-time password code received in an SMS message.

6. If the payment was successful you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners

Couldnt credit your account using your card?

You can take the following actions:
- Check the country of residence entered correctly both in the "Personal details" ("Profile" for mobile application users) and "Cashier" page. The country of residence should match with your card issuers country;

- Check the chosen type of the card in the "Cashier" section. It should match with the logo of the card you use for crediting;

- Delete temporary files (cache and cookies) in your browser, or use another browser or device;

- Check if you entered the password from the SMS from the bank correctly. If you did not receive a message from your bank, please contact the bank for more information.

Or you can deposit funds using an e-wallet by registering an online wallet and crediting it with your bank card.

Kazakhstan (VISA/MasterCard/Maestro)

1. Click on the "Deposit" button in the right top corner.
How to Start Trading at Binomo for Beginners
2. Choose “Kazakhstan” in the “Сountry” section and select “VISA/MasterCard/Maestro” method.
How to Start Trading at Binomo for Beginners
3. Сhoose the amount to deposit.
How to Start Trading at Binomo for Beginners
4. Fill in your bank card details and click on the“Pay” button.
How to Start Trading at Binomo for Beginners
5. Enter a one time password from your bank to complete the transaction.

6. If the payment was successful you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners

Payments in the "Pending" status


The funds were debited by the bank but not yet credited to the account.

First of all, please make sure that you are using your Real account - this can be checked in the upper right corner of the traderoom.

Payment systems generally process payments within one business day. If after this period the funds have still not been credited, please send a bank statement or a screenshot from your online banking account with information about the payment made to Binomo. It can be sent via chat or to our email address [email protected]

Error completing payment: funds were not debited.

Please make sure of the following:
  • your card has not expired and all the information, including the CVV code, was entered correctly;
  • your card balance is positive and meets or exceeds the amount of the payment;
  • the SMS confirmation code that your bank sent to the phone number linked to the card was entered correctly. If you do not receive it, please contact your bank and check your payment information.

If the steps described above do not help or the problem is of a different nature, please write to us at [email protected] or in the chat. We will help you resolve the issue.


Ukraine (VISA/MasterCard/Maestro)

1. Click on the "Deposit" button in the right top corner.
How to Start Trading at Binomo for Beginners
2. Choose “Ukraine” in the “Сountry” section and select “MasterCard/Maestro” or “Visa” method depending on the one you use.
How to Start Trading at Binomo for Beginners
3. Сhoose the amount to deposit.
How to Start Trading at Binomo for Beginners
4. Fill in your bank card details and click on the“Pay” button.
How to Start Trading at Binomo for Beginners
5. Confirm the payment with a one-time password code received in an SMS message.
How to Start Trading at Binomo for Beginners
6. If the payment was successful you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners

 

How to Trade Binary Option at Binomo

This article will show you how to open a trade in Binomo for beginners after registering an account.


Step 1: Choose Suitable Trading Assets With The Corresponding Profit

There are a lot of pairs of assets. Income ratio is the percentage of the total amount of money that you use to invest in a trade. For example, with the EUR/USD pair and its income rate 80%. If I succeed in the trade with 1$ investment, I will receive 0.8$ as my income. The experience of professional traders shows that you should trade with pairs of assets that have a payout ratio from 70% to 85%. Because the higher the profit, the higher the risk.

In order to choose the right pairs of assets, follow this guide:
Click to the “+” symbol in the upper left corner of the screen. A table that lists all the assets and their income appear. Please note that the income rate depends on the trading time (short – under 5 minutes or long – over 15 minutes).

For example, let’s look at the pair of EUR/USD in the below picture. Its income is 82% in short trading time (1-5 minutes) and 80% in long trading time (15-60 minutes)
How to Start Trading at Binomo for Beginners


Step 2: Set Up Japanese Candlestick Chart With A Reasonable Time Period

When you choose a suitable pair of assets, you need to choose a suitable price chart. Experienced traders often choose Japanese candlestick chart.

This chart is an effective chart to estimate prices in the market. y, It is better start practicing with it from if you want to get profit from trading. To set up Japanese candlestick chart, follow this guide:
  • Click to the symbol of the price chart on the Binomo screen.
  • Choose Japanese candlestick chart.
How to Start Trading at Binomo for Beginners
Choose the candles time period. If you are a beginner you should begin with 5-minute candlesticks because it will not affect your emotions remarkably. Our emotions affect your account badly in trading. To set up trading time, you should follow this guide. At Binomo screen, choose the symbol of time and then choose the time
How to Start Trading at Binomo for Beginners


Step 3: Choose The Expiration Time And The Amount You Invest In A Trade

Expiration time is the time to end the trade. There’s a lot of expiration time for you to choose: 1 minute, 5 minutes, 15 minutes, etc. It is safer for you to begin with a 5-minute time period, and 1$ for each trading investment.

Also there’s a line that shows the purchase time for your trade. You should pay attention to this line. It lets you know if you can open another trade. And the red line marks the end of the trade. At that time, you know the trade can get profit or can not get profit.
How to Start Trading at Binomo for Beginners


Step 4: Choose An Deal Up Or Down

This will decide if you can get profit or not. After setting up all the steps, pay attention to the green and red button with the up and down arrow on the screen.
  • You predict that the price will rise during trading, press the green button. If you are right, you have profit, or the price can go down, then you are wrong and you lose 100% of your investment.
How to Start Trading at Binomo for Beginners
  • If you think the price will fall in the trading time click the red button. Also, if you are right, you have an income of the asset. If you are wrong, you lose 100% of your profit.
How to Start Trading at Binomo for Beginners


How to Trade Forex at Binomo


How do I Know When To Trade Forex?

In this section, we will learn the right time and day to trade. Generally, it is advisable to trade forex from Monday to Wednesday then you stay off for the rest of the days. The reason for this is that market is always noisy that means so many people are buying and selling during those days, but from Thursday to Friday the population of the market begins to reduce, at this point your trading on your own risk.

This is the principle that is guiding the global forex world for those that wants to succeed, but that does not mean that the market will be closed, the market will be open, but you will also notice that the indicator (indictors are lines that shows the direction of the market) will not be moving fast the way it moves on Monday to Friday.

Another thing that affects forex market is strike and holiday. Whenever Banks in America are on holiday or strike it, do affect the general forex market. But there is a way to check all these things, even the number of people trading in the whole world and the stocks they are trading. The website is www.forexfactory.com. You will get every information or news you need as long as forex trading is a concern.

Since this one is satisfied we move to on-site analysis, at the left-hand side of the website, you will see different stocks to trade such as Bitcoin, Etherium, USD, bitcoin cash, Monero and many of them. All of them have their time of opening and closing along with their percentage. For instance, Euro/Usd open 6. A.M in the morning and closes by 8.P.M at night.

Anyone that is open you will see it attached with it percentage such as 60%, 70%, 80% or 90%, the rate means the possibility of making a profit from that particular stock and those without percentage implies that they are closed you cant trade on them. When you select the one you want to trade and the type of indicator you want like moving mountain or Candlestick depending on the one you will understand, for me I like using Candlestick. You lookout for the radar by the right-hand side of the website.

Radar is an important thing for consideration in Binomo Forex trading, in that website the radar appears on red and green colour with percentage, the red one shows that the stock is going downward trend and the green one shows that the stock is going upward trend. The radar tells you the percentage of people predicting up and down even robots.

Let us take for instance you want to trade that the stock is going upward, but the percentage is 40 or 50 you don’t purchase because it can change very fast here, but when it is from 60, 70 and above that is a perfect time to buy and make on Binomo forex trading platform. Once you win a trade, it will be credited to your account immediately.

When you place an order, you will see the amount you set and the duration of expiry, and I mean the time that the trade will expire. The time can be 1,2,3,4,5,10, 15 minutes. it can also be in the form of weeks and months depending on your choice but the best time frame is 5 minutes. If you place a trade that after 5 mins a particular stock will rise and after 5 mins it remains up then you win the trade, the same thing applies to a downward for trend.

Trading Forex on Binomo is different from Binary options in that you can install limit conditions to terminate the order. As examples below the indicators are as follows
  • Take Profit: When your trading profit reaches 80%, the transaction will end by itself
  • Stop Loss: When you lose up to 95% of the bet amount, the order will end automatically

How to Start Trading at Binomo for Beginners


What are the Devices that I can Use To Trade Forex On Binomo?

Technology has made things easy for us these days in the sense that most of the websites we do visit are now transformed into a simple app. Binomo has an android app where you can trade and monitor your trade at any time from anywhere. It supports at least Android version 4.0. log on to google play store and type Binomo trading app it will appear for you to download and start making money on Binomo trading platform.

If you have a laptop or desktop, it is also good. Still, the essence of creating an android application is that you can get notify about the market trend and even place a trade at anytime you want as long as you have access to an internet connection.

How to Withdraw Money from Binomo

Brazil (Bank Transfer)

1. Сlick on the “Deposit” button in the right top corner.
How to Start Trading at Binomo for Beginners
2. Choose the “Withdraw funds” section and enter the amount to withdraw, as well as the withdrawal method. Choose the bank, fill in the remaining fields and click on the “Request withdrawal” button.
How to Start Trading at Binomo for Beginners
3. If the request was successfully created you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners


India (Globe pay)

1. Click on the "Deposit" button in the right top corner.
2. Choose “Withdrawal funds”, enter the amount and choose the withdrawal method. Click on the “Request withdrawal” button.
How to Start Trading at Binomo for Beginners
3. If the request was successfully created you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners


India (Indian Exchanger)

1. Click on the "Deposit" button in the right top corner.
2. Select “Withdraw funds” and enter the amount that you want to withdraw. The minimum amount to withdraw is Rs.350.
How to Start Trading at Binomo for Beginners
3.Click on the “Withdrawal method” and select the Indian Exchanger Bank Transfer.
How to Start Trading at Binomo for Beginners
4.Enter your account number, IFSC code, account holder name, bank branch, bank name and UPI ID, and then click on the “Request Withdrawal” button.
How to Start Trading at Binomo for Beginners
5. If the request was successfully created you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners
6. Funds will be credited within 24 hours please wait.

India (Internet Banking)

1. Click on the "Deposit" button in the right top corner.
2. Choose the “Withdraw funds” section and enter the amount to withdraw, as well as the withdrawal method. Then you need to fill in the fields and then click on the “Request withdrawal” button.
How to Start Trading at Binomo for Beginners
3. Click on the “Request withdrawal” button. If the payment was successful you will be redirected to the following page with the payout amount, date, request ID and status indicated:
How to Start Trading at Binomo for Beginners


Indonesia (Internet Banking)

1. Click on the "Deposit" button in the right top corner.
2. Choose the “Withdraw funds” section and enter the amount to withdraw, as well as "Internet Banking: Bank Central Asia" withdrawal method.
How to Start Trading at Binomo for Beginners
3. If you have chosen the “Internet Banking:Bank Transfer” option for withdrawal, then you need to choose the bank and fill in all the fields. If it is a bank option and you have already made a deposit with it, the fields will be automatically filled and you just need to click on the “Request withdrawal” button.

4. If the request was successfully created you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners


Indonesia (Virtual Account)

1. Click on the "Deposit" button in the right top corner.
2. Choose the “Withdraw funds” section and enter the amount to withdraw, as well as "Virtual account Bank Transfer" withdrawal method.

3. You need to choose the bank and fill in the fields and then click on the “Request withdrawal” button.

4. If the request was successfully created you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners



Kenya (M-Pesa)

The withdrawal of funds is only possible using the same M-Pesa account or VISA/Mastercard you used when crediting your account.

How to make a withdrawal by M-Pesa account or VISA/Mastercard:
  • click on the yellow "Deposit" button in the upper right corner of the traderoom and choose "Cashier" section
How to Start Trading at Binomo for Beginners
  • on the screen that appears, click on the Withdraw funds tab
How to Start Trading at Binomo for Beginners
  • enter the amount you want to withdraw in the Payout amount (KES) line
  • click on the yellow "Request Withdrawal" button and wait for your withdrawal
Please note that withdrawals may take up to 2 days.

Latin America (AstroPay Card)

1. Click on the "Deposit" button in the right top corner.
2. Choose the “Withdraw funds” section and enter the amount to withdraw, as well as the withdrawal method. Then you need to fill in the fields and then click on the “Request withdrawal” button.
How to Start Trading at Binomo for Beginners
3. Click on the “Request withdrawal” button. If the payment was successful you will be redirected to the following page with the payout amount, date, request ID and status indicated.
How to Start Trading at Binomo for Beginners


South Africa (Capitec)

1. Click on the "Deposit" button in the right top corner.
2 Choose “Withdrawal funds”, enter the amount and choose the withdrawal method. Enter name, bank name, bank account number and bank code. Click on the “Request withdrawal” button.
How to Start Trading at Binomo for Beginners
3. If the request was successfully created you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners


Turkey (CEPbank)

1. Click on the "Deposit" button in the right top corner.
2. Choose the “Withdraw funds” section and enter the amount to withdraw, as well as "CEPbank" withdrawal method.

3. Fill your personal and bank details and then click on the “Request withdrawal” button to create a withdrawal request. Note: if your account is in liras, the amount of withdrawal should be a multiple of 50 liras and be between 100 and 5000 liras. If your account is not in liras, the system will automatically convert and round the amount to the desired value. The remaining amount will be returned to your account.
How to Start Trading at Binomo for Beginners


Vietnam (Internet Banking)

1. Click on the "Deposit" button in the right top corner.
2. Choose the “Withdraw funds” section. If you have already made a deposit with this method, the fields will be automatically filled and you just need to click on the “Request withdrawal” button. If you did not use this method before, you need to choose the bank and fill in the fields and then click on the “Request withdrawal” button.
How to Start Trading at Binomo for Beginners
3. If the request was successfully created you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners

Arabic countries (VISA/MasterCard/Maestro)

1. Click on the "Deposit" button in the right top corner.
How to Start Trading at Binomo for Beginners
2. Choose “Withdrawal funds”, enter the amount and choose the withdrawal method. Click on the “Request withdrawal” button.
How to Start Trading at Binomo for Beginners
3. If the request was successfully created you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners
4. Follow the status of the request in transaction history and wait when funds will be credited.

Withdrawing funds to a bank card

To request a withdrawal of funds, go to "Cashier" ("Balance" for mobile application users) to the "Withdraw funds" tab.

Enter the amount you want and select the credit card you already credited your trading account with from the “Withdrawal method” drop-down menu. Click “Request withdrawal” and you will see your request.

And we would be grateful if you choose or write a comment - this will help us improve the service and speed up the processing of requests.

Important! To protect your account, funds can be withdrawn only to those cards which you have previously used to make deposits on the platform. It will take some time to process the request.

We do not freeze your balance until the payment is made so that you can continue trading.

Also, please do not forget to verify your account, i.e. confirm that it belongs to you.

Go to the “Withdraw Funds” section here: web/mob.


How much does it take for funds to be withdrawn?

According to regulations, the withdrawal process time can take up to 3 working days.

According to the clause 5.8 of the Client agreement, the moment of receipt of funds by the client depends on the speed of transaction processing by the payment system and/or the provider of the payment system.

You can see your withdrawal requests in the "Cashier" section (“Balance” section for mobile application users) - "Withdraw funds".

Completed requests for withdrawals of funds can be seen in the "Cashier" section (“Balance” section for mobile application users) - "Transaction history".

If a request is rejected, it will disappear from the "withdraw funds" section and you will receive an email notification stating the reason the request was rejected. After you resolve the issue, you can create the request again.

If an error when withdrawing on bank card

If an error occurs while processing your withdrawal request, we kindly ask you to add new payment method.

Funds are withdrawn only to the payment method you made a deposit with.

Please make a minimum deposit with the electronic wallet (like Webmoney, Perfectmoney, Advcash, etc.) and withdraw funds on the electronic wallet.


Kazakhstan (VISA/MasterCard/Maestro)

1. To withdraw funds click on the "Deposit" button in the right top corner.

2. Choose “Withdrawal funds”, enter the amount and choose the withdrawal method. Click on the “Request withdrawal” button.

3. If the request was successfully created you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:
How to Start Trading at Binomo for Beginners
4. Follow the status of the request in transaction history and wait when funds will be credited.


Payments in the "Pending" status

The funds were debited from the account but not yet credited to the bank account.

The crediting of funds usually takes from a few minutes to 3 business days; however, for certain types of payments it can take up to 30 business days. If after this period the funds have still not been received, please write to us at [email protected] or in the chat. We will provide information to track the payment


Can I withdraw money from my account before I started trading?

Yes, it is possible. However, if you deposit funds into your account and decide to withdraw them before your trading turnover (the sum of all trades) exceeds double the deposit amount, the withdrawal fee will be 10%. You will receive a notice about the necessity to charge a commission, and if you agree, the withdrawal will need to be re-requested. This commission is charged extremely rarely and only in exceptional cases, and it is due to the high commissions charged by payment systems for the withdrawal of funds.


Commission for withdrawals and deposits

The Binomo trading platform does not charge commission for depositing or withdrawing funds.

We recommend that you check if there is a commission and how much it is for the transfer of funds from the payment system that you are using to make deposits.


Conclusion

At first, you may feel confused, and opening a trade seems difficult. It’s take time and practice to become a professional trader on Binomo.

These are the basic trading steps. At first, you should practice in order to get used to it.
Thank you for rating.
Source: https://forexsiri.com/how-to-start-trading-at-binomo-for-beginners-1009115
REPLY A COMMENT Cancel Reply
Please enter your name!
Please enter a correct email address!
Please enter your comment!
The g-recaptcha field is required!

Leave A Comment

Please enter your name!
Please enter a correct email address!
Please enter your comment!
The g-recaptcha field is required!