What is Binomo in India?

Binomo is an organization which offers believed administrations for resource exchanging more than 100 nations all over the planet. Its dark and yellow logo is effectively unmistakable. The genuine administrative center is situated in St. Vincent and Grenadines.

Is Binomo legal in India?

Binomo is controlled by a question goal organization, the International Finance Commission. It has an authentication affirming that this isn't a fake and that it is protected to exchange on the stage. Furthermore, a couple of grants never again bring up the issue of whether Binomo is genuine or counterfeit.

How to use Binomo?

To be able to use Binomo, you should complete the registration process. Visit the official website on PC or mobile app - www.binomo.com. Traders Binomo in India can use the web platform in both Hindi and English. Also, they can invest $5 (minimum deposit) and trade on the real account. After logging into Binomo, you will have a demo account where you can learn about asset trading and training.

Assets/Markets

Binomo boasts more than 40 different assets for standard traders to utilise, in addition to spanning across several markets to provide their customers with a flexible and versatile range of different trades to pick from.

In comparison to more specialised trading platforms, this greater range can be advantageous to traders looking to dabble in different markets or try out different assets.

While Binomo only offers High/Low trading contracts, this is more than made up for with the range of assets on offer.

The following are some of the current markets available to those looking to trade on Binomo:

  • Stocks from popular companies.
  • Currency pairs e.g. AUD/USD and GBP/USD
  • Indices

By offering a broad choice of different assets to traders, Binomo ensures its services are suitable for a more comprehensive range of traders, especially when it comes to highly-valued stocks and currency pairs – which many other trading platforms don’t offer.

Payment Methods

Funding accounts is one area that Binomo has made incredibly easy, in part thanks to catering to an international customer base – which means far more payment methods than the average country-specific service.

Top choices for funding your account include using a VISA or MasterCard bank card, while additional international payment systems are also supported.

Benefits

For traders, beginner or expert, considering Binomo as a future trading platform, here are some of the good things we can say about the service:

  • Low starting requirements, ideal for those new to tradings
  • A fully kitted-out demo account that has all the tools for learning
  • A practical and convenient account tiering system
  • High-end functionality through a well-designed trading platform
  • Fast, easy and reliable withdrawals
  • Focus on growing markets in Brazil, India and Indonesia

Drawbacks



Despite there being many positive things to say about Binomo as a service, there are also several drawbacks attached to this platform. These include:

  • Limited assets or markets.
  • No recognised regulator
  • No desktop software, only app and browser availability
  • Insights, signals or social trading is not available