Binomo Trading Platform Review

September 24, 2020September 24, 2020 ThaiResidents Team binomo

What is Binomo? Binomo is an online trading platform through which you can trade currency pairs, equities, commodities, indices and OTCs. They provide a great avenue to earn additional income. You do not need to be physically present at the markets to execute trades. With Binomo, you can easily execute trades on your mobile devices in comfort, from anywhere.

Binomo has rightfully earned a status as a category “A” member of the International Financial Commission. This is a guarantee of quality service, transparent relations, and a neutral, independent dispute resolution organization.

Dolphin Corp, its parent company is registered and located in St Vincent and the Grenadines. Binomo was established in 2014. And in only 6 years of operation, Binomo has quickly earned a reputation as a reliable trading platform.

Registration

To register, all you have to do is;

Open the Binomo website
Enter your email address
Then, create a strong password
Then, you select your preferred currency
You have to indicate that you have read and accepted the terms and conditions
Finally, you click the “sign up” button.

You can also download and sign-in on the Binomo trading app to access updates and make trades on the go.

Deposit

There are two ways to deposit funds in your Binomo account.

1. You can deposit funds in your account by transferring them from your bank cards.

2. You can deposit funds into your account by making transfers from your e-wallet (perfect money is your best option in Thailand).

Transactions are not complete until they are verified by the payment system you used. Are you going to be making transfers from bank accounts domiciled in currencies different from the one your Binomo account is denominated in? Well, not to worry, the funds will be converted at your bank’s internal price.

Withdrawal

Just like deposits, you can withdraw funds to your bank account or e-wallet. However, you should be aware that withdrawals can only be sent to a payment method you have funded your trading account from. Binomo does not charge commissions or other undue deductions on your deposits and withdrawals. However, commissions may be deducted by your chosen payment system.

Binomo is good and safe

Right now, you are probably wondering, is it safe? Is it good? Well, Binomo is perfectly legal in Thailand. On Pantip, there are multitudes of people who have enjoyed Binomo’s services and have posted positive reviews. You should check them out. Also, several have put down rave reviews for the Binomo app on the app stores.

The parent company, Dolphin Corp, duly registered under the laws of Saint Vincent and the Grenadines (RN: 25151 IBC 2018) and its office is on the First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.

Conclusion

Trading on Binomo promises to be a fun and rewarding use of your time and resources. It is a legitimate platform engineered to give you the best trading experience without much stress.

When you sign up, you get access to a demo account to hone your skills using virtual capital. You also get access to expert tutorials and personal managers (depending on your account type).

However, keep in mind that when you make live trades, you run the risk of incurring serious financial losses. Consult independent professional financial advisors to moderate your exposure to risk.

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