The recent rise in binary options trading has shown a new way to earn money. We can now get involved with the most legal way to increase our wealth. It offers a more convenient way that can result in positive outcomes. It can be a better way of trading as you only need to predict the rise or fall of the financial asset’s price.
But, even with binary options, you can earn money if you have fulfilled certain parameters. One is, of course, having a reliable broker by your side. But, you must also be aware of their functioning. A smart trader would know how her broker earns money. Once you find out that, you can easily align your methods accordingly.
But what can be even better? It is trading with the help of a reliable broker like Binomo.
With Binomo, you can trade and earn money in the most advanced and innovative way. It offers you the opportunity to simultaneously enter multiple markets and deal in various assets. With any trading platform, you still need to follow certain steps so that you can trade to win more and minimize losses. So, let us find out how you can earn money with Binomo and continue to do so.
How does Binomo earn money?
Binomo is a binary trading broker that offers premium services to its customers. However, any trader would get curious to know about the ways the broker earns money. Of course, the trader can earn money by placing bets and trading the assets. But when it comes to the brokers like Binomo, they earn differently.
Most brokers depend on fees and commissions to support their earnings. They charge additional fees and commissions on every trade a customer executes on their platform. They may charge various amounts depending on the account and asset types. It may include spreads, withdrawal fees, trading fees, inactivity fees, etc.
On the other hand, various other brokers earn money through the process of marking up. They mark up the prices of the assets that they allow. They may also bet against the traders to effectively make up for their losses.
Binomo is also a broker that charges spreads and charges from its customers to earn. However, unlike other brokers, the charges and commissions with Binomo are significantly lower.
The usual charges and commissions of Binomo are as follows:
|Account opening fee:
|$10/€10 for every 30 successive days of inactivity
|10% if there is no double deposit.
How does Binomo work for you to earn money?
We shall know about the working process of Binomo to learn how it makes money.
We generally consider binary options as the effect of financial product. Binomo is also a binary broker that allows you to place bets in a yes or no proposition.
First, you need to bet on the falling or rising markets. After that, you need to select an expiry time frame. Based on your time frame, the bets shall expire, after which the trade closes immediately. You can trade and go long or short based on what you pick for the expiry time.
Once the trade automatically closes after the expiry time, you can see the results. If your prediction comes correct, you can grab a high payment that may range from 65%-85% in returns. However, if you fail to predict accurately, you shall get nothing and lose the entire amount. That is one of the disadvantages of binary trading with Binomo.
Your earnings shall completely depend on the asset you trade. However, depending on your investment amount, you can reduce the risks. Through this major working process, you can use the Binomo platform to earn money and create an impact.
How does Binomo give you money?
The first step in earning money through Binomo is to visit their site. After that, you need to sign-up and create an account. Once you sign up, there is a verification process that you need to undergo. It will ensure the genuineness of the trader and her documents. After you finish the verification, you can freely try your hands on Binomo trading.
To earn from Binomo, you can start with a small investment amount of $350. Moreover, you do not have any limit on the number of trades.
Therefore, you can open more than one position at a particular time and continue to trade.
However, if you are someone who is underconfident and do not trust your skills, you can always try the demo account first. It will help you build confidence and develop the necessary trading skills. Binomo offers a $1000 in its demo account for traders to begin with.
That’s not all; you can earn additional money with Binomo as well. It offers weekly tournaments for newcomers, where they can earn without even investing.
Also, another way Binomo earns you money is through its promo codes. You can get up to a 150% Binomo bonus on your initial deposit. That means, even if you deposit a nominal amount of $100, it will increase to $250.
Binomo is among the premium service providers out there. Usually, the premium services suggest hidden costs and additional charges. However, Binomo is transparent in its earnings. A major reason behind it is its regulation.
The IFC mainly regulates it, but it is also in the process of getting a certification from CySEC.
As a technology-oriented broker, it offers its app for the convenience of traders. The app is available on both major OS platforms: IOS and Android. Such regulations and certifications make it a reliable and safe broker.
The lucrative features can be seen in its over 30 trading signals and other tools for technical and fundamental analysis. A trader just needs to deposit the minimum amount of $350 to begin trading. That makes it an affordable broker.
Conclusion – Binomo makes money by providing its service
Binomo is a broker that does not hide its earnings. It offers a fair chance for its customers to earn. At the same time, it charges only the minimum amounts possible as its own earnings. Many other brokers keep additional fees and counter-betting against the traders to ensure protection from losses. However, Binomo is transparent and does not earn through unethical methods.