Binomo Investment Platform in Nigeria: How It Works

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Binomo is an international market in online trading. The company was

established in 2014 and is officially registered as a Cyprus offshore

company. The platform is also certified by individual financial

regulators operating in certain countries.









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The name ‘Binomo’ has become entangled in the stories of online

money scams and the legitimacy of the platform has become increasingly

doubtful.



You will find many accounts on Instagram, Facebook, Twitter and even

on a professional platform like LinkedIn, with names that end in

“binomo investment†. Many of these accounts also post screenshots

of supposed testimonies of people who have had their money doubled on

the Binomo platform. This is used to persuade people to drop their

hard money and often times, many have fallen prey of these scams.









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However, what is Binomo really about, is it really just a sham? Is

there a way Binomo works that many actually do not know about? Find

out in this article



Binomo is a world-leading forex trading company. In 2018, the company

decided to infiltrate the African and Asian market. It unveiled

Nigerian and Chelsea footballer, Victor Moses as its official brand

ambassador. Being an online trading platform, users can earn on rises

or falls in currency exchange rates and prices for shares or

commodities.







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Awards and Recognition for Binomo



Binomo has won awards such as:

Best Broker for Beginners (2015 Forex Expo Awards)



Broker of the Year (2016 IAIR Awards)



The company is also rated ‘Category A’ by Financial Commission, an

independent self-regulatory body, dedicated specifically to Forex.







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Forex offers its users access to the most traded financial assets.

Here are benefits of trading with Binomo:Binomo provides its users

with helpful tips and free training so they can have maximum turnouts

and performance.

On Binomo, users are able to enter into trades with as low as N360 ($1)

Users get technical support

Users get a chance to participate in trader’s tournaments

Users get technical support

There are bonuses for new customers and active traders.



How Binomo works



Binomo provides a demo account for all registered users. With the demo

account, one can start trading to see how performances go.



Binomo offers minimum starting requirements that you might not find on

other trading platforms. You can have a real account opened starting

with funds of $10 or more. Once an account is opened, you have access

to all the features of the platform, including participation in

traders’ tournaments.



Unlimited and limit-free demo account: The demo account helps one

practice trading even more. It is an attractive option not only for

beginners but also for skilled traders. Beginners learn how to trade

while skilled traders are able to test high-risk strategies.



Company’s withdrawal policy: Transactions (buying and selling) are

efficient on Binomo. People almost never complain about withdrawal

issues. Financial transactions are always carried out within the

stated time limits.



Different payment systems: Binomo supports a wide range of payment

systems available in the trader’s country of residence.







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Traders’ tournaments: This is one of Binomo’s unique competitive

advantage. Trader’s tournaments are a priority on Binomo treats

contests as a priority. This is a competition in trading on the Binomo

website. The company holds a daily free tournament with a fund of

$300â€"600. There are also paid tournaments with a fund of $1,500 to

$75,000 and even more.



Cryptocurrency trading



Traders take special interest in cryptocurrencies. This because you

are able to earn profits as the price goes either up or down. With

investments in assets, people make gains only when there are positive

economic tendencies and do not have much control over how much gain is

made.



The main thing a trader in cryptocurrencies needs to know is when the

price on the chart goes up or down. If one’s forecast is right, the

profit of is credited in full to the person’s account. One could

earn an average of 75% to 85% of one’s investment.



You have three options to choose from when it comes to

cryptocurrencies: Bitcoin, Litecoin, and CRYPTO IDX.



Mobile trading



With Binomo, you do not only have to trade not only on personal

computers. You can also make use of mobile devices such as tablets and

smartphones. One can also make use of the web-based version. However,

it is relatively easier to use on a device with a large display, not

on regular smartphones. You can find the Binomo’s authentic mobile

apps on the App Store and Google Play. Although many technical

analysis indicators and tools are unavailable but one will still be

able to open an important trade at the right time.



Account types and practice trading



Once you have signed up on the platform, you get a demo account. This

enables them you to start trading right away, but only with virtual

funds that you cannot withdraw.



Binomo offers 4 different accounts on Binomo, one is free and the

other 3 are funded. These are:

Demo account: All that is required to have a demo account is that you

sign-up. Here you have about 18 basic assets with a return of up to

85%. You also have access to all other platform tools for technical

analysis.



Standard account: You can open a standard account with funds of $10 or

more. With a standard account, you have access to all the features of

the platform. You can also join the trader’s tournaments, make

withdrawals and can trade in the real market too.



Gold account: With the gold account, you make a minimum deposit of

$500. This is a great choice for beginners. Here you have a wider

choice of about 38 assets, a personal manager and exclusive trading

strategies You are also able to withdraw funds in 24 hours.



VIP account: You have a VIP account when you fund over $1,000. Here,

you are granted maximum privileges and also get a personalised

service.



How to create an account on Binomo



Creating an account on the Binomo trading platform takes just about a

minute. All you need is an email and password. Ensure you choose your

currency with special care because you cannot change this decision

even through Customer Support.



How to fund and withdraw on Binomo



You can fund your account with VISA and MasterCard bank cards.

International and local systems are also supported in a specific

country.













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