In this article, you’ll learn what are the pros and cons of the Binomo trading application and figure out how to use it from anywhere. Read on to learn how the platform works and why it is worth trying even if you have no experience in trading.
What is the Binomo trading app?
Binomo is an ingenious online trading platform available on the web and in the app and renowned among traders for its innovative features. The mobile app allows traders to earn extra funds through shifts in currencies and other assets. The platform operates in numerous countries globally and offers equal trading opportunities for beginners and experienced traders.
Benefits of the Binomo app
Binomo is regulated by the International Financial Commission and has also been awarded a certificate of quality of trades by Verify My Trade. The platform also received the FE Award in 2015 and the IAIR Award in 2016 for excellence in global finance and markets. This proves how Binomo is safe and legit.
For further assurance, traders can find numerous positive reviews of the app on trusted platforms and forums. For answers to any queries, you can also head to the Help Center section which is like Wikipedia for traders.
There are many benefits like strategies described on the app, tournaments to take part in, responsive support service and various tools for analysis.
Pros and cons of the app
To figure out whether the Binomo trading app has the necessary functionality and meets the modern standards of innovative trading platforms, let’s see the pros and cons of this application.
- Traders can acquire up to 90% extra profit in the case of the correct forecast.
- The app is user-friendly, it’s easy to navigate.
- Very convenient for users with busy schedules to trade while on the go.
- Demo account allows beginners to practice with virtual funds to get a free trading experience.
- Availability of a vast amount of educational resources such as videos and tutorials to help beginners get familiar with the app.
- The platform offers tournaments with attractive conditions for different accounts.
- Availability of 24/7 online customer service.
- No commission on withdrawals.
- Available in multiple languages.
- The minimum deposit amount is very low – only $5 for traders in India.
- Strategies and analytic tools help traders to learn how to make a forecast.
- Not all the payment methods are available.
- Limited number of assets to choose from (70+).
- Not supported in some countries.
- Impossible to block your account on your own – you need to visit the website for this purpose or contact the support team.
- Not all the tools presented on the website are available in the app.
- You can participate in tournaments through the app only after depositing funds.
Where to download the Binomo app?
You can trade on Binomo not only from the desktop version on PC but also from a mobile app that can be downloaded on tablets and smartphones. Access the platform from any location, the only thing you need – a stable Internet connection.
For Android and IOS
Traders can download the Binomo app for Android and iOS from Google Play and App Store.
Apk for Android
Android users having issues in installing the Binomo app from Google Play are advised not to hack. Instead, they can download the free APK file at the link (https://binomo.com/en/promo/android) to start investing and trading on the go.
Users can not download the Binomo trading app or any software for PC (neither for Windows or Mac). Instead, they log in through the mobile application or use the desktop version in a browser.
Is trading on an app different from a website?
Binomo uses fixed time traders (FTT) – which allows earning up to 90% profit on trade in case of the correct forecast. To start a trade on the mobile app follows the steps mentioned below:
- Login on the Binomo app.
- Choose an asset of your preference.
- Enter the amount you wish to trade by clicking the “Deposit” icon.
- Set the time when the trade will be completed.
- Make a forecast by clicking on the UP or DOWN button.
- Wait until the trade is completed – if your forecast is correct, you get extra income, if not – the funds aren’t returned.
Note! The application is insignificantly limited in terms of functionality if compared to the website. However, it is enough for convenient trading.
The new generation of traders may find the app version even more convenient to use as they are used to operating apps on smartphones and tablets.
Should you download the Binomo app?
There is no doubt that Binomo is one of the top online trading platforms due to its functionality and remarkable features. Beginners and experienced traders are advised to try the app, use the materials provided for education and trade from any location whenever they wish to.
It is important to note that trading comes with its risks and there is always a possibility that one may lose their funds. That’s why you need to practice, study, and understand how the platform works before starting a trade.