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The financial market is flourishing with young traders investing in financial markets. The change in the market scenario is also bringing in technological advancement.submitted by ella4637 to forex_learnling [link] [comments]
Several brokers are coming up to support traders and offer the best trading services. Binomo is one of the brokers providing the best trading features and tools. To learn more about the broker, we have a brief Binomo review.
The review will guide traders to understand brokers and how it works to serve traders online.
What is Binomo?
Binomo is an Indian broker offering its trading services. It is a legitimate trading platform with proper regulations and security for traders.
The broker caters to more than 113 countries.
However, it is prevalent in India, Brazil, Indonesia, Vietnam, and Turkey.
The exchange was introduced in 2014 under the ownership of the Dolphin corporation. The platform has more than 9 lakh active traders and 30,000,000 successful weekly trades.
Is Binomo safe?Binomo is a safe trading platform with the International Financial Commission (IFC) regulation. The authority looks after its trading services and ensures a secure trading environment.
Thousands of traders use the platform for advanced trading services. Also, the broker is categorising as A member of the regulatory body. Therefore, the broker works according to industry standards to offer the best possible trading.
In addition, client risks come under the insurance of Binomo of $20,000 to protect in disputes.
How to start trading at Binomo?Traders can easily register and be a user of Binomo broker services. Here we have the process of how they can trade with the trading platform:
RegistrationThe first step to begin investing with Binomo is by getting registration. Traders can register easily with Binomo. By providing basic details such as name, number, address, email id, and payment method, traders can register on the platform.
Next, they must get the broker's validation to access the platform.
Demo TradingBinomo also provides traders with the feature of actual and reel trading. In addition, traders can use a demo account to practise trading with virtual funds.
They can experience real market investments and use strategies, tools, and other facilities.
The broker offers $1000 as a virtual currency to invest in assets. Thus, an excellent way to learn to trade for beginners in the market.
Traders learn without actual investment and are familiar with the financial world.
Real-Time TradingBinomo is a straightforward and less expensive platform. Traders can begin trading with a minimum deposit of $10. In addition, it allows traders to place orders at $1. Traders can select the asset and use market trends, indicators, and tools to analyse the market.
Next, they can open their position and keep analysing to find the best opportunities.
WithdrawalsLike deposits, the withdrawals at Binomo are simple. Therefore, traders can make quick and easy withdrawals. However, the platform requires traders to cross a specific limit of trades to free withdrawals.
A trader having below-the-limit withdrawals pays 10% fees. Also, it requires the information in support of the account to be proper and complete. Traders with incomplete and wrong information cannot access deposits and withdrawals.
The broker provides the withdrawal amount within three working days from the withdrawal request.
The payment method that traders can use are:
Binomo Trading AppBinomo is gaining popularity with time which calls for having a trading app to make access easy. Traders can download and install the app on their mobile devices to trade anytime and anywhere.
The platform works for iOS and Android mobile devices. Traders can get notifications and alerts and monitor trade with the app. Also, they can perform several other advanced features.
ConclusionBinomo review is a short introduction to the trading platform. It gives brief details on the broker's history and is safe for traders. Besides, traders can know how they can begin trading with Binomo.
Simple registration to open an account and deposit funds. Traders get to trade in the market. Also, they can use a demo account to practise and a trading app to trade anywhere.
Overall a complete package for traders to get support from the broker and invest easily.
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