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Online trading has become a culture among many people across the globe. We look for various platforms through which we can trade on stock exchanges. Binomo is one such platform. Let’s get into this Binomo bonus review.
It helps the user get some extra income through changes in exchange rates of currencies and other assets. It is a legit platform regulated by the International Finance Commission and provides a quality service to its clients.
Binomo has a certification from Verify My Trade and has also received awards for excellence in the financial markets across the globe. The platform is available in 133 countries. Most traders on Binomo are based in India, Nigeria, Vietnam, Brazil, and Indonesia.
We stop promoting and recommending Binomo anymore after banning our partner’s account for no reason. Choose a better alternative like Quotex or Pocket Option to trade!
Choose the best alternatives to Binomo:
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
from $10
(Risk warning: Trading is risky)
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
from $50
(Risk warning: Trading is risky)
What you will read in this Post
How can you trade using Binomo?
Well, it is as simple as signing up on some social networking website. If you wish to trade through Binomo, follow the below-mentioned steps:
- Log on to the website of Binomo via your laptop or use the app
- Enter your e-mail ID and a strong password, then select the preferred currency type.
- Take a thorough reading of the user agreement and accept them if you agree with the T&Cs.
- Create your account and sign in with your e-mail ID and password used to create your account.
If you wish to open another account, make sure to render your old account inactive. It is against Binomo’s policies that a person trades with more than one account.
After joining Binomo, you have a chance to earn some extra profits by referring traders.
We stopped promoting Binomo, choose a reliable broker now:
(Risk warning: Trading involves risks)
Are you new to Binomo?
After creating your account with Binomo, beginners might want to know how to start trading on Binomo. Well, let us help you understand the basics of trading with Binomo.
If you are new to trading, Binomo offers you a training program where $1000 is credited to your account virtually, which you can use to understand trading. All the information about trading is available at the help center of Binomo.
You can directly head to their web page and even contact their customer support executives in case of any problem. Let us move on to the topic that is the base of this article; that is, what is a Binomo Bonus, and how can you use it?
What is a Binomo bonus?
When you start trading on Binomo, it offers you various benefits which can help you increase your trading potential. You can keep track of the available bonuses in the bonus section.
Here you can review your trading turnover progress and add it to a Binomo deposit. It will increase your investment.
Binomo offers five kinds of bonuses. These are:
- Welcome Bonus
The welcome bonus is available within the first 30 minutes after creating an account. It helps you increase your investment by up to 25%.
- Deposit Bonus.
The deposit bonus gets credited to your account after you make a deposit. It varies in terms of the amount that you deposit. If you deposit a high amount, the deposit bonus that will credit to your account will also be higher.
- Coupon or Promo Code
You can obtain coupons and promo codes from various promotions, newsletters, or directly from a personal manager. To make the amount of investment high, you can combine the coupons or promo codes with a deposit bonus. You’ll get a 100% bonus on your deposit with the code “TBROKER100”.
- Non-deposit Bonus
Non-deposit bonus is a kind of fixed bonus that gets credited to your account instantly. It gets credited into your real account without making any deposits.
- Risk-free Trades
Risk-free trades are a fixed number of trades and have a pre-defined investment amount. Risk-free trades are offered to the VIP status traders by their managers. However, risk-free trade does not mean that the entire trade is free of risk. Trading, as we know, always has its fair share of risks.
We stopped promoting Binomo, choose a reliable broker now:
(Risk warning: Trading involves risks)
How can you cancel your bonus?
There are two situations to cancel an active bonus with trading turnover.
- You created an accounted and activated a bonus, but you have not made any trades since then. In this case, you can connect with Binomo’s support, and they will help you cancel it for you.
- If your account balance has dropped lower than the amount of minimum trade (say $1), the bonus credited to your account will automatically get canceled. If this does not happen automatically, feel free to connect with Binomo’s support at [email protected].
How can you withdraw your bonus?
Here we come to the topic of our discussion, how you can withdraw your bonus. If you have an active deposit or a non-deposit bonus, and you wish to withdraw it, you will first need to complete a trading turnover.
Trading turnover simply means the total profitability that you generate through all the trades since the crediting of bonus into your account.
This amount of trading turnover will be directly dependent on the size of the bonus. To calculate the trading turnover, multiply the bonus by the leverage factor. The leverage factor is the one that is
- Specified in bonus
- However, sometimes, it does not find any mention of the bonus. In such a case, if the bonus is below 50% of the deposit amount, the leverage component stands at 35.
- For bonuses higher than 50% of the deposited amount, the leverage constituent will be 40.
Hence, if you have completed your trading turnover, you can withdraw any amount of deposits from your real account. There is no limitation to the Binomo withdrawal.
There is no pre-defined time in which you must fulfill the trading turnover. You can follow your own pace of trading and review your performance through the bonus section.
We stopped promoting Binomo, choose a reliable broker now:
(Risk warning: Trading involves risks)
You may keep in mind various things while using the bonuses when trading on Binomo. Let us have a quick scan of those points.
- Binomo offers bonuses to traders only in their accounts and follows various promotional programs.
- The amount alters as per the circumstances under which the promotion campaign takes place.
- These bonuses are not the financial obligation of Binomo towards its clients.
- These funds are withdrawn only after completing a trading turnover.
- Unless specified in the promotion campaign, a client can receive the bonus funds only once.
- A client can have only one active bonus in his account. If he wishes to get more bonus, in that case, he must complete his trading turnover.
While using the bonuses, you should be wary of the terms and conditions specified by Binomo. The completion of the trading turnover is an essential prerequisite. Binomo’s bonuses are data-sensitive and change from time to time.
There are various advantages that the Binomo bonuses can offer its clients. Let us have a look at the benefits that one can derive thanks to these bonuses one by one.
Advantages of bonuses
There are mainly three advantages of the Binomo bonuses.
Advantages
- They attract the investors
When you sign up with Binomo, you get rewarded with various bonuses. It attracts new investors and their interest in trading through Binomo. Also, they can be really helpful in generating a regular income for many traders.
- Increase in trading balance
When the bonuses are credited to your real account constantly, it causes a replenishment of funds used in trading. Hence, it keeps on increasing the trading balance.
- Increases investor confidence
Binomo lets its users trade without any fear of risking their investments. When bonus credits into their accounts, it increases their confidence and the urge to trade more.
We stopped promoting Binomo, choose a reliable broker now:
(Risk warning: Trading involves risks)
How can you successfully trade on Binomo using your bonuses?
Below is the list of certain steps that one must incorporate into his trading routine:
- Following a systematic trading strategy
If you wish you increase your profitability, make sure to move in a systematic and well-defined manner. Following a pre-planned strategy will help you get closer to your target.
- Keeping a high account balance
Account balance plays an important role in managing profitability. Maintaining a higher balance in your account is the most advisable. It will help you cut down the percentage of your losses.
However, if your account balance is too low, as little as a $10 loss on your investment could turn out to be a major setback for you. If you are a newcomer, you must choose the amount of investing wisely.
- Proper management of the capital
Make sure that you maintain the right capital investment ratio. If you are totally new to trading then, it is important to make sure that your investment does not exceed 2-3% of your total account balance. The percentage can go higher for experienced traders.
- Limiting losses
Limit the number of losses that you make on any trade. Fix a number for the same and try not to exceed it. Even if you feel that you might hit a lottery, it is advisable not to go beyond that limit. Otherwise, the situation may go out of hand if you are new to trading.
- Training
Training is a part of starting anything new. It builds your base and makes you better at the things that you do. So, if you are new to trading, please ensure that you seek proper training and guidance. It will help you keep your losses in check and increase your profitability. One option is the available demo account. Click here to get in touch with the possibilities.
Conclusion: Binomo bonus review
Bonuses sound nice since they increase the amount that you can invest. Binomo is a binary broker that is well-known for its interesting set of bonuses. The platform offers many bonuses to its traders that are exciting and increase productivity.
There are a few terms which are to be followed to make use of these bonuses. Whatever the case, it is a known fact that bonuses make you want to trade more. Binomo helps any trader to earn more. If you are new to trading, you can sign up on Binomo and begin trading now.
We stopped promoting Binomo, choose a reliable broker now:
(Risk warning: Trading involves risks)
