In this guide, we will explore Binomo’s bonuses and promotions, covering their rules, turnovers, and terms and conditions. We will also discuss how to obtain a deposit bonus, the various types of bonuses available, how to withdraw them, where to find bonus promo codes, as well as how you can opt out of these bonuses if you prefer not to participate.
Types and Definitions of Binomo Bonuses
What you will read in this Post
There are five primary types of a Binomo Bonus, these are:
- Welcome Bonus – A one-time bonus available for new Binomo users.
- Deposit Bonus – An incentive that comes from depositing a particular amount to the platform.
- No-deposit Bonus – A fixed amount that can be credited without making any new deposit.
- Coupon or Promo Code – Numbers or letters that can be entered to get special benefits.
- Risk-free Trades (RFT) – Specific trades without risk – you do not lose money.
(Risk warning: Trading involves risks)
List of All Bonus Specifications
Here’s the comprehensive list of Binomo’s bonus specifications:
| Types | Condition | Benefits |
|---|---|---|
| Welcome Bonus | Only becomes available once you confirm your email address after signing up. | Adds 50% to any amount you deposit |
| Deposit Bonus | Only becomes available when making a deposit. The bonus amount depends on the value of the deposit made. | 20% for at least $50 deposit30% for at least $100 deposit50% for at least $500 deposit60% for at least $1000 deposit70% for at least $3000 deposit |
| No-deposit Bonus | 2 Ways to get a no-deposit bonus: 1. Through an ongoing promo on their platform, newsletter, or social media. 2. Become a VIP or Prestige member. Your Personal Manager (PM) will offer this bonus. | Depends on the bonus. Although the leverage factor is usually 40. (Ex. for a $10 bonus, you need to achieve a trading turnover of $400) |
| Coupon or Promo Code | 2 ways to get a coupon or promo code: 1. As part of their promotion on their promo page, newsletter, or social media channels. 2. From a PM (for VIP and Prestige users). | A bonus that can be combined with deposit bonuses. The leverage factor depends on the bonus and amount. |
| Risk-free Trades (RFT) | 2 Ways to get risk-free trades: 1. Participate in Binomo’s promotion on their platform, newsletter, or social media. 2. Become a VIP or Prestige member, then your own Personal Manager gives your RFTThen, you must accept the bonuses in the “Bonuses” section within two weeks of their availability and use them within one week. Otherwise, they expire. | You do not lose money on your unsuccessful risk-free trades while profiting from your successful risk-free trades. |
Binomo Bonus Turnover
As you may have noticed, these bonuses are primarily designed to encourage additional trading activity on Binomo. Hence, a trading turnover, or simply “turnover,” is required to ensure Binomo does not lose money on these bonuses. How is this done? Well, a turnover prescribes that you reach a specific total amount traded after activating the bonus.
For example, if you deposit $50, you get a 20% deposit bonus. This translates to an additional $10 in bonus funds, and now you have a total of $60. With this, Binomo will prescribe a “leverage factor,” which is the bonus multiplier. Suppose that the leverage factor for this bonus is 35 (we will discuss how to get this). This means that you need a turnover (total value of trades you executed) of at least $350 ($10 x 35). As you can see, to withdraw the $10 bonus, you must have a cumulative trade value of at least $350 since the bonus was credited.
(Risk warning: Trading involves risks)
2 Ways to Determine Binomo’s Leverage Factor
- Specified in the bonus
- If it is not specified, Binomo’s requirements are:
- A leverage factor of 35 if the bonus is less than 50% of the deposit made,
- A leverage factor of 40 if the bonus is 50% or more of the deposit made
Bonus Terms and Conditions
The terms and conditions of a bonus depend on the specific bonus and which type of bonus it falls under. Nevertheless, all bonuses Binomo offers follow Section 8, “Bonuses and gifts, participation in Tournaments and promotions,” paragraphs 1 to 18 of its Client Agreement. Link: Binomo’s Client Agreement
To save you time, here are 10 key points that you need to be aware of
- Any bonus credited to your account follows its promotional program.
- The bonus amount depends on the program and your account size.
- Binomo’s bonuses are not considered a financial obligation to the recipient.
- You can only withdraw the bonus after reaching the mandatory trading turnover
- Zero-result trades are not included in the mandatory trading turnover.
- Non-deposit bonuses (gifts) must be activated within 3 days of being credited to your account.
- You can cancel a bonus after activation by contacting Binomo’s customer support. However, this is only possible if you have not made any trades after the bonus was credited.
- You can only have one active bonus at any given time. You cannot activate a new bonus until you complete your mandatory trading turnover.
- Your bonus will reset if your account balance falls below the minimum allowable amount.
- Bonuses cannot be used in tournaments.
(Risk warning: Trading involves risks)
Is it possible to deactivate the bonus?
Yes, it is possible to cancel your bonus. As stated in Binomo’s Client Agreement and its Help Desk, here are three ways you can do this:
- Do not activate the bonus at all
- If you have already activated the bonus, you can contact [email protected] to cancel it. Note that this is only possible if you have not made any trades after the bonus was credited.
- Your account balance dropped below the minimum trade amount (1 USD). In this case, the bonus and accompanying trading turnover requirement will be automatically canceled.
How to Get a Deposit Bonus
To get a deposit bonus, you can follow these steps:
Step 1: On Binomo’s platform, click the “Deposit” button
Step 2: Choose your country and payment method
(Risk warning: Trading involves risks)
Step 3: Enter the amount you want to deposit
Step 4: Scroll down and check the “Deposit Bonus” box
Depending on your selected payment method, some or all of these deposit bonuses are available:
- 20% for at least a $50 deposit
- 30% for at least a $100 deposit
- 50% for at least a $500 deposit
- 60% for at least a $1000 deposit
- 70% for at least a $3000 deposit
(Risk warning: Trading involves risks)
Step 5: The total amount (your deposit plus the bonus you qualified for) will then be credited to your account.
How to Withdraw the Bonus
For any bonus you receive, you must first complete the trading turnover requirement before being allowed to withdraw the bonus amount.
Note: Your trading turnover progress can be tracked in the platform’s “Bonuses” section.
Once you have achieved the trading turnover requirement, you can withdraw funds, including the bonus, from your account without restriction.
Where can you get bonus promo codes?
You can find Binomo promo codes from these sources:
- Binomo’s Official Promotions Page: Binomo features promotions directly on its website or trading platform. It’s a good idea to regularly check its site for new promo codes.
- Email Newsletters: You can subscribe to Binomo’s newsletter to receive updates on promotional offers, including bonus coupons and promo codes.
- Social Media Channels: You can follow Binomo on its social media platforms, particularly Instagram (Binomo’s Instagram) and Telegram (Binomo’s Telegram). These can be a source of promotional updates and exclusive codes.
- Affiliate Marketers or Partner Sites: Binomo also collaborates with affiliates who sometimes offer exclusive promo codes for their promotions. 5. Events and Webinars: You can also participate in events and webinars hosted by Binomo, which often offer access to special promotions and bonus codes.
Conclusion
Overall, Binomo offers a suite of regular bonuses at every stage of your trading journey. From the welcome bonus you get by signing up to the deposit bonus you get by trading live. Nevertheless, it’s crucial to be mindful of the risks of taking these bonuses, including potentially exposing you to overtrading just to hit the required trading turnover. Hence, the best way to take advantage of these bonuses is to first have a trading strategy that you stick to and has proven effective. Otherwise, you may lose more money just to get these “bonuses.”
(Risk warning: Trading involves risks)
FAQs – Most Asked Questions:
What are the available bonuses that Binomo offers?
Binomo offers five primary types of bonuses: a welcome bonus you receive after signing up, a deposit bonus when you meet a minimum deposit threshold, a no-deposit bonus, promo codes, and risk-free trades, which are available through ongoing promotions or offered by a Personal Manager to VIP or Prestige users.
What are the mandatory trading turnovers in Binomo?
Simply put, it requires that you reach a specific total amount traded after activating the bonus.
For example, if you deposit $100, you get a 30% deposit bonus. This translates to an additional $30 in bonus funds, for a total of $130. If the leverage factor is 35, then to withdraw the $30 bonus, you must have a cumulative trade value of at least $1,050 ($30 x 35)
How do I determine the leverage factor of Binomo’s bonus?
There are two ways to determine Binomo’s leverage factor on a specific bonus. Either it is specified in the bonus itself, or if it is not specified, then Binomo’s requirements are:
a. A leverage factor of 35 if the bonus is less than 50% of the deposit made and;
b. A leverage factor of 40 if the bonus is 50% or more of the deposit made
Why can’t I use my second bonus?
You can only use one active bonus at a time. Hence, in order for you to use your second bonus, you first need to complete the trading turnover requirement of the first bonus. Afterwards, you can now activate the second bonus.
What is Binomo’s “Happy Hour” offer?
Binomo’s “Happy Hour” is a special offer for its Gold, VIP, and Prestige status users that increases the profitability (payout ratio) of selected assets for an hour. It is offered on Tuesdays and Thursdays. Note that the timing and the assets are not fixed and are instead announced in advance via pop-up notifications.
