Lahore ( JTN Special Report ) Binomo Online Trading Platform
Choosing a reliable platform for investing in the presence of increasing technology
and numerous online trading platforms is one of the most difficult tasks.
Investors are often confused when it comes to choosing the best trading platform
for them as investing and trading platforms being “reliable” is a must. In the
presence of numerous online trading platforms, Binomo , Is a trading regulated
trading platform that has entered the financial market with easy terms and
conditions for investors.
However, the following factors must be considered before investing in any online trading platform.
1. First of all, licensing is very important to regulate the trading platform according
to the legal jurisdiction. Trading platforms must have a license where the legal
authority must closely monitor the trading platform’s operations, audit the company
regarding fund deposits, withdrawals and trading.
2. Secondly, the fees charged by the platform are very important as it affects your
profit margin. If the platform’s own fees are too high, it will increase your trading
costs and decrease profits and you will not be able to earn extra income as per your
target. Therefore, before trading on any platform, it is important to check how much
the trading platform charges for its own fees so that you can determine the rate of
return for yourself accordingly.
3. Then the trading platform should be consumer friendly. It should not have too
many options and complexities.
4. At the same time, the process of depositing and withdrawing deposits should be
easy and fast. Because every investor prefers to avoid hassle and complexity.
Considering all the features listed above, let’s take a look at Binomo now.
Binomo Head Office
Binomo is headquartered in Saint Vincent and the Grenadines. And it provides
online trading services to traders in more than 130+ countries, including Pakistan.
The platform is regulated by the International Financial Commission (IFC), which
includes protection up to $ 20,000 in case of fraud. The platform is also linked to
Verify My Trade (VMT) to maintain high quality.
Methods of payment:
Binomo combines various international and local payment methods for the
convenience of investors. Such payment methods include AdvCash, AstroPay, Perfect
Money, STICPAY, Mastercard, CashMaal, UnionPay, Visa, American Express, JCB. And
in Pakistan too, investors can easily trade by raising and withdrawing funds through
linked payment methods. However, an investor can only use a bank card / e-wallet
certified in his own name. All you have to do is click on the deposit button in the
upper right corner of the Binomo application, select “Pakistan” as the country and
select any payment method associated with Pakistan.
Binomo Online Trading Platform
When you make a deposit, it will show the status of “pending”. This indicates that
the payment provider is currently processing your transaction. Each service provider
has its own processing time. However, on average, payment is processed within a
few hours by the payment providers if there is no national holiday or other payment
Binomo Online Trading Platform
One of the major benefits of Binomo is the bonus on deposits for traders. There is a
100% bonus on Standard Accounts, up to 150% on Gold Accounts and up to 200%
on VIP Accounts. Withdrawal time varies for each account. Standard Account
ensures payment in 3 days, 5% cashback in 24 hours for Gold Account and 10%
Cashback in 4 hours for VIP Account. Yes, however, depending on the country of the
investor, the paying institution has the right to charge its own deposit or withdrawal
fees, the rates of which may vary from country to country.
How to trade effectively on Binomo?
Different traders adopt different strategies for this which vary from beginner to
experienced level. To get good performance in trading, traders should keep in mind
the following tips:
1. Use the first demo account which is free and there is no risk of losing money on it
so that you are well versed in the trading platform and you will be able to use risk-
free financial assets, different trading strategies and Learn the indicators well and be
able to use them. Thus the practice of trading on a demo account will prepare you
for trading on a standard, gold or VIP account.
2. Start trading with small amounts first, such as $ 1 or $ 2. This method will help
you gain confidence and analyze the market.
3. Trading on assets or commodities that you are already familiar with and whose
price fluctuations you can easily guess. For example, in the beginning you can start
trading on mineral oil ie oil or gold assets.
4. Then explore the various strategies, mechanics and techniques available on the
platform as well. Which is a great way for traders to learn trading.
Different types of trading strategies:
Binomo offers a variety of strategies and methods for educating both novice and
experienced traders. These strategies include technical signals, “night channel”
trading strategies, Bollinger Breakdown strategies, “Elders Triple Screen” strategies,
full method signals strategies and much more.
How reliable and secure is Binomo?
For trading, a reliable platform is essential, and Binomo takes the lead. You can use
the platform with confidence from virtually any device, including desktop and online
applications. Binomo is available on both Android and iOS platforms. Furthermore,
Binomo’s interface is very easy to use, offering four types of accounts – Demo,
Standard, Gold and VIP. Its smartphone apps are very easy to use and smooth, with
clear charts and current prices that are updated in real time. This platform offers
tremendous connectivity and stability with very few issues.
Binomo Deposit insurance is a free option, among other benefits for privileged
merchants. If something goes wrong and your balance goes to zero, you will be paid
a portion of your investment. The amount of compensation you receive is
determined by the size of your investment.
Binomo Online Trading Platform
The platform offers 24/7 live chat support in multiple languages. Through which you
get answers to all kinds of inquiries and your concerns are immediately addressed.
You can also provide help and guidance by emailing firstname.lastname@example.org.
So with a wide list of benefits offered, Binomo seems to be the best trading
platform to start trading. However, before starting trading on the platform, the
investor should evaluate his financial viability and familiarize himself with the terms
and conditions of the platform as there is always a risk of losing funds during
trading, even if you No matter how good the strategy is, the strategy of the past
does not guarantee future success.
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