How to Start Binomo Trading in 2023: A Step-By-Step Guide for Beginners

Mar 14, 2023 85 0

How to Register at Binomo

How to Register with Email

1. Enter binomo.com to visit binomo official website. Click on [Sign in] in the upper right corner page and the tab with sign-up form will appear.

How to Start Binomo Trading in 2023: A Step-By-Step Guide for Beginners

2. To sign-up you need to perform the following steps and click "Create account"

Enter a valid email address and create a strong password
Choose a currency to deposit and withdraw funds in.
Read and agree to Terms of Service and check it

Please make sure that your email address is entered without spaces or extra characters.

3. After that a confirmation email will be sent to the email address you entered. Confirm your email address to protect your account and unlock more platform capabilities, click "Confirm email" button

4. Your email was confirmed successfully. Click "Log in" button, then enter a email address and password that you registered to log into your account with.

Now you are able to log in to start trading. You have $1,000 in Demo Account, you can also trade on a real or tournament account after depositing.

How to Register with Facebook account

Also, you have an option to open your account using your personal Facebook account and you can do that in just few simple steps:

1. Click on Facebook button

2. Facebook login window will be opened, where you will need to enter your email address that you used to register in Facebook

3. Enter the password from your Facebook account

4. Click on “Log In”

Once you’ve clicked on the “Log in” button, Binomo is requesting access to: Your name and profile picture and email address. Click Continue...

After That You will be automatically redirected to the Binomo platform.

How to Register with Gmail account

Binomo is available for registration using your personal Gmail account. Here you also need authorization in your Gmail account.

1. To sign up with a Gmail account, click on the corresponding button in the registration form.

2. In the new window that opens, enter your phone number or email and click “Next”.

3. Then enter the password for your Gmail account and click “Next”.

After that, follow the instructions sent from the service to your email address.

Register on Binomo iOS mobile platform

If you have an iOS mobile device you will need to download the official Binomo mobile app from App Store or here. Simply search for “Binomo: Smart investments” app and download it on your iPhone or iPad.

The mobile version of the trading platform is exactly the same as web version of it. Consequently, there won’t be any problems with trading and transferring funds. Moreover, Binomo trading app for iOS is considered to be the best app for online trading. Thus, it has a high rating in the store.

Registration for the iOS mobile platform is also available for you. Do the same all steps as web app and click "Sign up"

Enter your email address and new password
Select the currency of the account
Read and agree to Terms of Service and check it

If you already work with this trading platform, log in to your account on iOS mobile device.

Register on Binomo Android mobile platform

If you have an Android mobile device you will need to download the official Binomo mobile app from Google Play or here. Simply search for “Binomo” app and download it on your device.

The mobile version of the trading platform is exactly the same as web version of it. Consequently, there won’t be any problems with trading and transferring funds. Moreover, Binomo trading app for Android is considered to be the best app for online trading. Thus, it has a high rating in the store.

Registration for the Android mobile platform is also available for you. Do the same all steps as web app and click "Sign up"

Enter your email address and new password
Select the currency of the account
Read and agree to Terms of Service and check it

If you already work with this trading platform, log in to your account on Android mobile device.

Register on Binomo Mobile Web Version

If you want to trade on the mobile web version of Binomo trading platform, you can easily do it. Initially, open up your browser on your mobile device. After that, search for “Binomo.com” and visit the official website of the broker.

At this step we still enter the data: email, password, select currency, check "Client Agreement" and click "Create Account"

Here you are! Now you will be able to open account and trade from the mobile web version of the platform. The mobile web version of the trading platform is exactly the same as a regular web version of it. Consequently, there won’t be any problems with trading and transferring funds.

Trading Platform

How to Verify Account in Binomo

How do I verify my Identity?

Once verification has been requested, you’ll get a pop-up notification, and the “Verification” item will appear on the menu. To verify your identity, you’ll need to follow these steps:

1) Click on “Verify” in the pop-up notification.

2) Or click on your profile picture to open the menu.

3) Click on the “Verify” button or select “Verification” from the menu.

4) You’ll be redirected to the “Verification” page with the list of all the documents to verify. First, you’ll have to verify your identity. To do so, press the “Verify” button next to “ID Card”.

5) Before you start verification, mark the checkboxes and click “Next”.

6) Choose the country of issue of your documents in the drop-down menu, then select the document type. Press “Next”.

Note. We accept passports, ID cards, and driver’s licenses. Types of documents may vary by country, check the full documents list.

7) Upload the document you’ve chosen. First front side, then – back (If the document is double-sided). We accept documents in the following formats: jpg, png, pdf.

Make sure your document is:

Valid for at least one month from the upload date (for residents of Indonesia and Brazil validity is irrelevant).
Easy to read: your full name, numbers, and dates are clear. All four corners of the document should be visible.

Once you’ve uploaded both sides of your document, click “Next”.

8) If necessary, press “Edit” to upload a different document before submitting. As you are ready, press “Next” to submit the documents.

9) Your documents have been submitted successfully. Press “OK” to return to the “Verification” page.

10) The status of your ID verification will change to “Pending”. It may take up to 10 minutes to verify your identity.

11) Once your identity has been confirmed, the status changes to “Done”, and you can start verifying the payment methods.

To learn more about payment methods verification, please refer to How to verify a bank card? and How to verify a non-personalized bank card? articles.

12) If there is no need to verify the payment methods, you’ll get the “Verified” status right away. You will also be able to withdraw funds again.

How do I verify a Bank Card?

2) Click on the “Verify” button or select “Verification” from the menu.

3) You’ll be redirected to the “Verification” page with the list of all the unverified payment methods. Choose a payment method you would like to start with and press “Verify”.

4) Upload a photo of your bank card, front side only, so that the cardholder’s name, card number, and expiration date are visible. We accept photos in the following formats: jpg, png, pdf. Press “Next”.

5) Your photo has been submitted successfully. Press “OK” to return to the “Verification” page.

6) Bank card verification status will change to “Pending”. It may take up to 10 minutes to verify a bank card.

You have to verify all of the payment methods on the list to complete verification.

7) Once verification is complete, you’ll get a notification, and your status will change to “Verified”. You will also be able to withdraw funds again.

How do I verify a non-personalized Bank Card?

2) Click on the “Verify” button or select “Verification” from the menu.

3) You’ll be redirected to the “Verification” page with the list of all the unverified payment methods. Choose a payment method you would like to start with and press “Verify”.

4) Upload a photo of your bank card, front side only, so that the card number and the expiration date are visible. And a photo of the bank statement with the stamp, date of issue, and your name visible. The document must not be older than 3 months.We accept photos in the following formats: jpg, png, pdf. Press “Next”.

5) Your documents have been submitted successfully. Press “OK” to return to the “Verification” page.

6) The status of your bank card verification will change to “Pending”. It may take up to 10 minutes to verify a bank card.

You have to verify all of the payment methods on the list to complete verification.

7) Once verification is complete, you’ll get a notification, and your status will change to “Verified”. You will also be able to withdraw funds again.

How do I verify a virtual Bank Card?

Once verification has been requested, you’ll get a pop-up notification, and the “Verification” item will appear on the menu.

Note. To verify a payment method, you’ll have to verify your identity first. Please refer to How do I verify my identity? article.

Once your identity has been confirmed, you can start verifying your bank cards.

To verify a virtual bank card, you’ll need to follow these steps:

1) Click on your profile picture to open the menu.

2) Click on the “Verify” button or select “Verification” from the menu.

3) You’ll be redirected to the “Verification” page with the list of all the unverified payment methods. Choose your virtual bank card and press “Verify”.

4) Upload a screenshot of your virtual bank card. Make sure that the first 6 and last 4 digits of the card number, expiration date, and the cardholder’s name are visible and easy to read. We accept screenshots in the following formats: jpg, png, pdf. Press “Next”.

5) Your screenshot has been submitted successfully. Press “OK” to return to the “Verification” page.

6) Virtual bank card verification status will change to “Pending”. It may take up to 10 minutes to verify a bank card. You have to verify all of the payment methods on the list to complete verification.

7) Once verification is complete, you’ll get a notification, and your status will change to “Verified”. You will also be able to withdraw funds again.

How to Deposit at Binomo

How to Deposit via Bank card?

You can use any bank card that was issued for you to fund your Binomo account. It can be a personalized or non-personalized card (without the cardholder’s name on it), a card in a currency different from the one your account uses.

In most cases, funds are credited within an hour or even instantly. Sometimes, however, it may take longer depending on your payment service provider. Please check the payment processing time for your country and card brand before contacting Binomo support.

Quick guide

Click the "Deposit" button in the top right corner.
Select your region from the drop-down "Country" menu.
Choose a card brand (i.e. Visa, Mastercard).
Select a recommended deposit amount or type in a custom sum.
Fill in the card details, then click "OK".
Wait for the confirmation code sent in SMS or push notification, then enter it to finish the payment.
If the payment is successful, youll be redirected to the page with the transaction details.

Turkey (Visa / Mastercard / Maestro)

You can only use this payment method if you:

Have Turkish citizenship (with full ID);
Use a Turkish IP address;

Remember!

You can make only 5 successful transactions a day;

You have to wait for 30 minutes after making a transaction to make another one.

You can use only 1 Turkish ID to replenish your account.

You can also use other payment methods.

1. Сlick the “Deposit” button in the right top corner of the screen.

2. Choose “Turkey” in the “Country” section and select the “Visa / Mastercard / Maestro” payment method.

3. Choose the deposit amount, enter your first and last name, and press the “Deposit” button.

4. Fill in your card information and click the “Yatır” button.

5. An SMS with a code will be sent to your mobile phone. Enter the code and click “Onay”.

6. Your payment was successful. You’ll be automatically redirected to the next page.

7. You can go back to Binomo by clicking the "Siteye Geri Dön” button.

8. To check the status of your transaction, go to the “Transaction history” tab and click on your deposit to track its status.

Arabic countries (Visa / Mastercard / Maestro)

1. Click on the "Deposit" button in the right top corner.

2. Choose your country in the “Сountry” section and select “Visa”, “Mastercard/Maestro” method.

3. Сhoose the amount to deposit.

4. Fill in your bank card details and click on the ”Pay” button.

5. Confirm the payment with a one-time password code received in an SMS message.

6. If the payment was successful you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:

Kazakhstan (Visa / Mastercard / Maestro)

1. Click on the "Deposit" button in the right top corner.

2. Choose “Kazakhstan” in the “Сountry” section and select “Visa / Mastercard / Maestro” method.

3. Сhoose the amount to deposit.

4. Fill in your bank card details and click on the “Pay” button.

If your card is issued by Kaspi Bank, then please check in the mobile app that you have activated the payment option on the Internet, and you have not reached your limit. You can also expand the limit in your mobile app.

Also your bank can decline transaction, to avoid it please follow this information:

1. If your bank has a suspicion of fraud, then it declines the operation.
2. Then a random amount is debited from your card (from 50 to 99 tenge).
3. You will asked to enter the amount that was debited. Enter the amount from SMS in mobile app.
4. If the amount is correct, then you will be included in the WHITE LIST.
5. The debited amount will be returned to the card.
6. The next payment will be successful.

5. Enter a one time password from your bank to complete the transaction.

6. If the payment was successful you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:

Ukraine (Visa / Mastercard / Maestro)

1. Click on the "Deposit" button in the right top corner.

2. Choose “Ukraine” in the “Сountry” section and select “Mastercard/Maestro” or “Visa” method depending on the one you use.

3. Сhoose the amount to deposit.

4. Fill in your bank card details and click on the“Pay” button.

5. Confirm the payment with a one-time password code received in an SMS message.

6. If the payment was successful you will be redirected to the following page with the amount of the payment, date and transaction ID indicated:

How to Deposit via E-wallet?

AstroPay Card

1. Сlick the “Deposit” button in the top right corner of the screen.

2. Choose your country in the “Country” section and select the “AstroPay” payment method.

3. Enter the deposit amount and click the “Deposit” button.

4. Click “I already have an AstroPay card”.

5. Enter your AstroPay card information (card number, expiration date, and verification code). Then click “Confirm Deposit”.

6. Your deposit has been processed successfully. Click “Back to Dolphin Corp”.

7. Your deposit is confirmed! Click “Continue trading”.

8. To check the status of your transaction, click the “Deposit” button in the right top corner of the screen and then click on the “Transaction history” tab.

9. Click on your deposit to track its status.

CASHU

1. If you have zero balance in your CashU eWallet you should contact a legal vendor in your country using this link : https://www.cashu.com/site/en/topup

(if you have enough balance skip this step).

Click on the "Deposit" button in the right top corner.

2. Choose your country in the “Сountry” section and select “CASHU” method.

3. Сhoose the amount to deposit, enter your First and Last names and click on the “Deposit” button.

4. Choose “CASHU” to continue.

5. Choose “Yes” to continue.

6. Enter the required information (login and password of your eWallet), click the box “I am a human” and click “Pay” button to continue.

7. The new tab with “Payment Successful” will open.

8. The information about your deposit will be in the “Transaction history” page in your account.

Advcash

1. Click on the "Deposit" button in the right top corner.

2. Choose your country in the “Сountry” section and select “Advcash” method.

3. Сhoose the amount to deposit.

4. You will be redirected to Advcash payment method, click on the “Go to payment” button.

5. Enter the email address, password of your Advcash account and click on the “Log in to Adv” button.

6. Select the currency of your Advcash account and click on the “Continue” button.

7. Confirm your transfer by clicking on the “Confirm” button.

8. The confirmation of your transaction will be sent to your email. Open your email box and confirm it in order to complete the deposit.

9. After the confirmation you will get this message about the successful transaction.

10. You will get the details of completed payment.

11. The confirmation of your deposit process will be in the “Transaction history” page in your account.

Neteller

1. Click on the "Deposit" button in the right top corner.

2. Choose your country in the “Сountry” section and select “Neteller” method.

3. Сhoose the amount to deposit and click on the “Deposit” button.

4. Copy the email address and click on the “Next” button.

5. Go to Neteller’s website and log in to your account.

6. In the “Money Transfer” section, insert the email address shown in Binomo’s website (step 4), and click on the “Continue” button to proceed.

7. Enter the amount you chose in Binomo (step 3) and click on the “Continue” button to proceed.

8. Review the details of your transfer. If everything is correct, click on the “Confirm” button to confirm the transaction, and proceed.

9. You will be asked to enter your Secure ID to complete your transaction, insert it and click on the “Confirm” button to proceed.

10. The confirmation of your transaction will appear. Now back to the Binomo deposit page.

11. Insert the transaction ID, that can be found in your Neteller account in the “Transaction ID” field, and click on the “Confirm” button to proceed.

12. The confirmation of the successful payment will appear.

13. You can check the status of your transaction in the “Transaction history” section.

Skrill

1. Click on the "Deposit" button in the right top corner.

2. Choose your country in the “Сountry” section and select “Skrill” method.

3. Сhoose the amount to deposit and click on the “Deposit” button.

4. Click on “Copy” button to copy Binomo`s Skrill account email. Then click “Next” button.
Or you can click “How to make a deposit” to get a GIF instruction.

5. You need to enter a Skrill transaction ID. In order to do that, open your Skrill account then send funds to the Binomo account that you copied the address.

5.1 Open your Skrill account, click “Send” button and choose “Skrill to Skrill” option.

5.2 Paste Binomo email address you copied before and click “Continue” button.

5.3 Enter the amount you want to send then click “Continue”.

5.4 Click to “Confirm” button to continue.

5.5 Enter PIN code then click “Confirm” button.

5.6 Funds sent. Now you need to copy a transaction ID, follow the Transactions page.

5.7 Choose the transaction that you sent to Binomo account and copy the transaction ID .

6. Back to Binomo page and paste the transaction ID to the box. Then click “Confirm”.

7. The confirmation of your deposit process will appear. Also information about your deposit will be in the “Transaction history” page in your account.

How to Deposit via Bank transfer

1. Сlick the “Deposit” button in the top right corner of the screen.

2. Choose “India” in the “Country” section and select the “Ola Money” payment method as an example.

3. Enter the deposit amount, your first and last name, and click the “Deposit” button.

4. You will be redirected to the Ola Money payment page. Log into your account by entering your registered mobile number and then click “Continue”. Enter the OTP and click “Verify.

5. You can complete the payment with your Ola Money wallet balance, your bank card, or through Net Banking. Click the “Pay” button once you’ve selected your payment method and filled in the required fields.

6. You will be redirected to your bank’s page. Complete the payment by entering the OTP.

7. Once you’ve successfully completed the payment, you will be redirected back to Binomo.

8. To check the status of your transaction, click the “Deposit” button in the top right corner of the screen and then click on the “Transaction history” tab.

9. Click on your deposit to track its status.

How to Trade at Binomo

What is an asset?

An asset is a financial instrument used for trading. All trades are based on the price dynamic of a chosen asset. There are different types of assets: goods (GOLD, SILVER), equity securities (Apple, Google), currency pairs (EUR/USD), and indices (CAC40, AES).

To choose an asset you want to trade on, follow these steps:

1. Click on the asset section in the top left corner of the platform to see what assets are available for your account type.

2. You can scroll through the list of assets. The assets that are available to you are colored white. Click on the assest to trade on it.

3. If you’re using the web version of a platform, you can trade on multiple assets at once. Click on the “+” button left from the asset section. The asset you choose will add up.

How to open a trade?

When you trade, you decide whether the price of an asset will go up or down and get additional profit if your forecast is correct.

To open a trade, follow these steps:

1. Select an account type. If your goal is to practice trading with virtual funds, choose a demo account. If you’re ready to trade with real funds, choose a real account.

2. Select an asset. The percentage next to the asset determines its profitability. The higher the percentage – the higher your profit in case of success.

Example. If a $10 trade with a profitability of 80% closes with a positive outcome, $18 will be credited to your balance. $10 is your investment, and $8 is a profit.

Some asset’s profitability may vary depending on the expiration time of a trade and throughout the day depending on the market situation.

All trades close with the profitability that was indicated when they were opened.

Please note that the income rate depends on the trading time (short – under 5 minutes or long – over 15 minutes).

3. Set the amount you’re going to invest. The minimum amount for a trade is $1, the maximum – $1000, or an equivalent in your account currency. We recommend you start with small trades to test the market and get comfortable.

4. Select an expiration time for a trade
Expiration time is the time to end the trade. There’s a lot of expiration time for you to choose: 1 minute, 5 minutes, 15 minutes, etc. It is safer for you to begin with a 5-minute time period, and 1$ for each trading investment.

Please note that you choose the time the trade will close, not its duration.
Example. If you chose 14:45 as your expiration time, the trade would close exactly at 14:45.

Also there’s a line that shows the purchase time for your trade. You should pay attention to this line. It lets you know if you can open another trade. And the red line marks the end of the trade. At that time, you know the trade can get additional money or can not get.

5. Analyze the price movement on the chart and make your forecast. Click on the green button if you think the price of an asset will go up, or the red button if you think it will go down.

6. Wait for the trade to close to find out whether your forecast was correct. If it was, the amount of your investment plus the profit from the asset would be added to your balance. In case of a tie – when the opening price equals the closing price – only the initial investment would be returned to your balance. If your forecast was incorrect – the investment would not be returned.

Where can I find the history of my trades?

There is a history section, where you can find all the information about your open trades and trades you’ve concluded. To open your trade history, follow these steps:

In the web version:

1. Click the “Clock” icon on the left side of the platform.

2. Click on any trade to see more information.

In the mobile app:
1. Open a menu.

2. Choose the “Trades” section.

Note. The trade history section can help you improve your trading skills by regularly analyzing your progress

How to calculate trading turnover?

Trading turnover is the sum of all trades since the last deposit.
There are two cases when trading turnover is used:

You made a deposit and decided to withdraw funds before trading.
You used a bonus that implies a trading turnover.

In the first case, when you top your account and decide to withdraw before your trading turnover is double the amount you’ve deposited, there is a possibility of a 10% commission. To avoid this commission, you have to complete a trading turnover.

Example. A trader deposited $50. The amount of trading turnover for the trader will be $100 (double the deposit amount). When trading turnover is completed, a trader can withdraw funds without commission.

In the second case, when you activate a bonus, you have to complete trading turnover to withdraw funds.
Trading turnover is calculated by this formula:

the amount of the bonus multiplied by its leverage factor.
A leverage factor can be:

Specified in the bonus.
If it’s not specified, then for bonuses that are less than 50% of the deposit amount, the leverage factor would be 35.
For the bonuses that are more than 50% of the deposit, it would be 40.

Example. A trader deposits $100 and uses a bonus for a 60% increase on the deposit. They will receive $60 in bonus funds. In this case, since the bonus exceeds 50% of the deposit, the leverage factor will be 40. The sum of trading turnover will be: $60 * 40 = $2,400.

Note. Both successful and unsuccessful trades count for trading turnover, but only the asset’s profitability is taken into account; investment is not included.

How to read a chart?

The chart is the trader’s main tool on the platform. A chart displays the price dynamic of a chosen asset in real-time.

You can adjust the chart according to your preferences.

1. To choose a chart type, click on the chart icon in the lower-left corner of the platform. There are 4 chart types: Mountain, Line, Candle, and Bar.
Note. Traders prefer the Candle chart because it’s the most informative and useful.

2. To choose a time period, click on a time icon. It determines how often the new price changes in the asset are displayed.

3. To zoom in and out on a chart, press the “+” and “-” buttons or scroll the mouse. Mobile app users can zoom in and out on a chart with their fingers.

4. To see older price changes drag the chart with your mouse or finger (for mobile app users).

How to use indicators?

Indicators are visual tools that help track changes in price movements. Traders use them to analyze the chart and conclude more successful trades. Indicators go alongside different trading strategies.

You can adjust indicators in the bottom left corner of the platform.

1. Click on the “Trading instruments” icon.

2. Activate the indicator you need by clicking on it.

3. Adjust it the way you want and press “Apply”.

4. All active indicators will appear above the list. To remove active indicators, press the trash bin icon. Mobile app users can find all active indicators on the “Indicators” tab.

How to Withdraw Funds from Binomo

Bank Card

How do I withdraw funds to a bank card?

Bank card withdrawals are only available for cards issued in Ukraine or Kazakhstan.

To withdraw funds to a bank card, you’ll need to follow these steps:

1. Go to the withdrawal in the “Cashier” section.

In the web version: Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu.

Then click the “Withdraw funds” tab.

In the mobile app: Open a left side menu, choose the “Balance” section. Tap the “Withdrawal” button.

2. Enter the payout amount and choose “Visa / Mastercard / Maestro” as your withdrawal method. Fill in the required information. Please note that you can only withdraw funds to the bank cards you’ve already made a deposit with. Click “Request withdrawal”.

3. Your request is confirmed! You can continue trading while we process your withdrawal.

4. You can always track the status of your withdrawal in the “Cashier” section, “Transaction history” tab (“Balance” section for the mobile app users).

Note. It usually takes payment providers from 1 to 12 hours to credit funds to your bank card. In rare cases, this period may be extended up to 7 business days due to national holidays, your bank’s policy, etc.

If you’re waiting longer than 7 days, please, contact us in the live chat or write to [email protected]

We will help you track your withdrawal.

How do I withdraw funds to a non-personalized bank card?

Non-personalized bank cards don’t specify the cardholder’s name, but you can still use them to credit and withdraw funds.

Regardless of what it says on the card (for example, Momentum R or Card Holder), enter the cardholder’s name as stated in the bank agreement.

Bank card withdrawals are only available for cards issued in Ukraine or Kazakhstan.

To withdraw funds to a non-personalized bank card, you’ll need to follow these steps:

1. Go to the withdrawal in the “Cashier” section.

In the web version: Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu.

Then click the “Withdraw funds” tab.

In the mobile app: Open a left side menu, choose the “Balance” section, and tap the “Withdraw” button.

3. Your request is confirmed! You can continue trading while we process your withdrawal.

4. You can always track the status of your withdrawal in the “Cashier” section, “Transaction history” tab (“Balance” section for the mobile app users).

Visa / Mastercard / Maestro (Ukraine)

To withdraw funds to your bank card, you’ll need to follow these steps:

1. Go to the withdrawal in the “Cashier” section.

In the web version: Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu.

Then click the “Withdraw funds” tab.

In the mobile app: Open a left side menu, choose the “Balance” section, and tap the “Withdraw” button.

2. Enter the payout amount and choose “Visa / Mastercard / Maestro” as your withdrawal method. Please note that you can only withdraw funds to the bank cards you’ve already made a deposit with. Click “Request withdrawal”.

3. Your request is confirmed! You can continue trading while we process your withdrawal.

4. You can always track the status of your withdrawal in the “Cashier” section, “Transaction history” tab (“Balance” section for the mobile app users).

Visa / Mastercard / Maestro (Kazakhstan)

Then click the “Withdraw funds” tab.

In the mobile app: Open a left side menu, choose the “Balance” section, and tap the “Withdraw” button.

3. Your request is confirmed! You can continue trading while we process your withdrawal.

4. You can always track the status of your withdrawal in the “Cashier” section, “Transaction history” tab (“Balance” section for the mobile app users).

Electronic Wallet

Skrill

1. Go to the withdrawal in the “Cashier” section.
In the web version: Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu.

Then click the “Withdraw funds” tab.

In the mobile app: Open a left side menu, choose the “Balance” section, and tap the “Withdraw” button.

2. Enter the payout amount and choose “Skrill” as your withdrawal method and fill in your email address. Please note that you can only withdraw funds to the wallets you’ve already made a deposit with. Click “Request withdrawal”.

3. Your request is confirmed! You can continue trading while we process your withdrawal.

4. You can always track the status of your withdrawal in the “Cashier” section, “Transaction history” tab (“Balance” section for the mobile app users).

Note. It usually takes payment providers up to 1 hour to credit funds to your e-wallet. In rare cases, this period may be extended to 7 business days due to national holidays, your payment provider’s policy, etc.

Perfect Money

Go to the withdrawal in the “Cashier” section.
In the web version: Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu.

Then click the “Withdraw funds” tab.

In the mobile app: Open a left side menu, choose the “Balance” section, and tap the “Withdraw” button.

2. Enter the payout amount and choose “Perfect Money” as your withdrawal method. Please note that you can only withdraw funds to the wallets you’ve already made a deposit with. Click “Request withdrawal”.

3. Your request is confirmed! You can continue trading while we process your withdrawal.

4. You can always track the status of your withdrawal in the “Cashier” section, “Transaction history” tab (“Balance” section for the mobile app users).

ADV cash

1. Go to the withdrawal in the “Cashier” section.
In the web version: Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu.

Then click the “Withdraw funds” tab.

In the mobile app: Open a left side menu, choose the “Balance” section, and tap the “Withdraw” button.

2. Enter the payout amount and choose “ADV cash” as your withdrawal method. Please note that you can only withdraw funds to the wallets you’ve already made a deposit with. Click “Request withdrawal”.

3. Your request is confirmed! You can continue trading while we process your withdrawal.

4. You can always track the status of your withdrawal in the “Cashier” section, “Transaction history” tab (“Balance” section for the mobile app users).

How do I withdraw funds to my bank account?

Bank account withdrawals are only available for banks of India, Indonesia, Turkey, Brazil, Vietnam, South Africa, Mexico, and Pakistan.

To withdraw funds to your bank account, you’ll need to follow these steps:

1. Go to the withdrawal in the “Cashier” section.

In the web version: Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu.

Then click the “Withdraw funds” tab.

In the mobile app: Open a left side menu, choose the “Balance” section, and tap the “Withdraw” button.

2. Enter the payout amount and choose “Bank transfer” as your withdrawal method. Fill in the rest of the fields (you can find all the required information in your bank agreement or in a bank app). Click “Request withdrawal”.

3. Your request is confirmed! You can continue trading while we process your withdrawal.

4. You can always track the status of your withdrawal in the “Cashier” section, “Transaction history” tab (“Balance” section for the mobile app users).

Note. It usually takes payment providers from 1 to 3 business days to credit funds to your bank account. In rare cases, this period may be extended up to 7 business days due to national holidays, your bank’s policy, etc.

If you’re waiting longer than 7 days, please, contact us in the live chat or write to [email protected]. We will help you track your withdrawal.

Frequently Asked Questions (FAQ)

Account

Can relatives register on the site and trade from the same device

Members of the same family can trade on Binomo on different accounts.

In this case, the platform should be entered from different devices and different ip-addresses.

Countries in which we do not provide services

Unfortunately, we do not provide services in several countries.

A list of countries whose residents and IP addresses cannot enter the platform can be found in clause 10.2 of the Client Agreement.

Want to register a new account, but always get back into the old one

If you want to sign up for a new account, you need to log out of your current one.

If you use the web version:
To do this, click on your name in the top right corner. Select "Exit" in the drop-down list.

On the main page, please click on the yellow "Log in" button in the upper right corner. Click on it and the tab with sign-up form will appear.

If you use the mobile application:
To do this, click on the menu in the top left corner. Select "Settings" and go to the “Profile” section. Click on the “Exit” button.

On the main page, please click on the "Sign up" and the tab with sign-up form will appear.

Important! Please block your old account before creating the new one. The use of multiple accounts on Binomo is prohibited.

Why should I confirm email?

Email confirmation is necessary to receive important news from the company regarding changes that are introduced on the platform, as well as notifications about various promotions for our traders.

It will also ensure the security of your account and help to prevent third parties from accessing it.

Email confirmation

An email to confirm sign-up will be sent to you within 5 minutes of opening your account.

If you haven’t received the email, please check your Spam folder. Some emails go there for no reason.

But what if there is no email in any of your folders? It’s not a problem, we can send it again. To do that, just go to this page, enter your personal data, and make the request.

If your email address was entered incorrectly, you can correct it.

Remember that you can always rely on technical support as well. Just send an email to [email protected] asking to confirm your email address.

How to confirm email if email was entered incorrectly

When signing up, you misspelled your email address.

That means the confirmation letter was sent to a different address and you did not receive it.

Please go to your personal information on the Binomo website.

In the "Email" field, please enter the correct address and click on the "Confirm" button.

After that, the system will automatically send a confirmation letter to your email address, and you will see a message on the site that the letter was sent.

Please check all the folders in your email, including spam. If you still do not have the letter, you can re-request it on the page.

Verification

How do I pass verification?

After you’ve received a verification request to successfully pass verification you’ll need:

Photo of your passport, ID card, or driver’s license, both front and back sides (If the document is double-sided). Types of documents may vary by country, check the full documents list.
Photos of the bank cards you used to deposit (front side only).
Photo of a bank statement (for non-personalized cards only).

Note. Make sure the documents will be valid for at least one month from the upload date (for residents of Indonesia and Brazil validity is irrelevant). Your full name, numbers, dates, and all corners of your document must be visible. We accept documents in the following formats: jpg, png, pdf.

Once all your documents are ready, there are 4 steps to complete:

1) Identity verification.

To pass this stage, you’ll have to:

Upload photos of your identity document, front and back sides.

2) Payment method verification.

If you used bank cards to deposit or withdraw funds, we will ask you to verify them. To do this, you’ll have to:

upload a photo of the bank card you used to deposit, front side only;
upload a photo of a bank statement (for non-personalized cards only).

3) Wait until weve checked your documents, it usually takes us less than 10 minutes.

4) Upon completion, youll get a confirmation email and a pop-up notification and be able to withdraw funds. Thats it, youre a verified Binomo trader!

Do I need to verify on registering?

Theres no requirement to verify on registering, you’ll only need to confirm your email. Verification is automatic and usually requested when you withdraw funds from your Binomo account. Once verification has been requested, you’ll get a pop-up notification, and the “Verification” item will appear on the menu.

Can I trade without verification?

You are free to deposit, trade, and withdraw funds until verification has been requested. Verification is usually initiated when you withdraw funds from your account. Once you’ve received a pop-up notification asking you to verify the account, withdrawal will be restricted, but you are free to trade. Pass verification to be able to withdraw again.

The good news is, it usually takes us less than 10 minutes to verify a user.

When will I be able to withdraw funds?

You can withdraw right after verification has been completed. The verification process usually takes less than 10 minutes. The withdrawal request will be processed by Binomo within 3 business days. The exact date and time youll receive the funds depends on the payment service provider.

How long does verification take?

Verifying your account normally takes us less than 10 minutes.

There are few rare cases when the documents cannot be verified automatically, and we check them by hand. In this situation, the verification period may be extended for up to 7 business days.
You can make deposits and trade while waiting, but you won’t be able to withdraw funds until the verification has been completed.

Why do I need to verify my phone number?

You dont have to, but verifying your phone number helps us ensure the security of your account and funds. It will be much faster and easier to restore access in case youve lost your password or got hacked. Youll also be getting updates on our promotions and bonuses before everyone else. VIP traders get a personal manager after phone number verification.
Youll get a pop-up notification prompting you to enter the phone number. It can also be specified in advance in your profile.

How to verify an e-wallet?

If you only use e-wallets to withdraw and deposit, then there is no need to verify your payment methods. You only need to verify your identity.

Safety and Troubleshooting

Is it safe to send you my private data?

Short answer: yes, it is. Here is what we do to ensure the security of your data.

All your information is stored in an encrypted format on servers. These servers are kept at data centers compliant with TIA-942 and PCI DSS – international safety standards.
The data centers are protected technically and guarded physically around the clock by specially audited security personnel.
All information is transferred via a protected channel with cryptographic encryption. When you upload any personal photos, payment details, etc., the service automatically hides or blurs a part of symbols (for example, the 6 middle digits on your payment card). Even if fraudsters try to capture your information, they would only get encoded symbols that are useless without a key.
Decryption keys are stored separately from the actual information, so people with criminal intent won’t get access to your private data.

We ensured that all personal details are not shared with other parties or used for someone’s purposes. You can also refer to our Privacy Policy for the full description of the way we handle all private data

Why have I been asked to pass verification again?

You may be asked to verify again after youve used a new payment method to deposit. According to law, every payment method you use on the Binomo trading platform must be verified. This applies both to deposit and withdrawal.

Note. Sticking with the payment methods you’ve already used and verified will save you from having to go through verification again.

We also ask for re-verification if the verified documents are about to expire.

In rare cases, we can ask you to re-verify your identity, email, or other personal data. Usually, it occurs when the policy has been changed, or as a part of the companys anti-fraud activities.

Why have my documents been rejected?

When your documents don’t pass verification, they get assigned with one of these statuses:

Try again.
Declined.

If you see the “Try Again” status, follow these steps to figure out the reason your document wasn’t accepted:

1.Click “Try again” on the verification page.

2. The reason your document has been rejected will be explained, like in the example below. Make sure to fix the problem and then click the “Upload new” button to upload your document again.

Note. Usually, the documents get rejected because they don’t meet all the requirements. Before re-uploading, make sure that the photo you’re sending is bright and clear, all corners of your document are visible, and your full name, numbers, and dates are easy to read.

If one of your documents got the “Declined” status, it means that the system could not read it correctly.

To resolve this issue, follow these steps:

1) Click on the document that has been declined and then click the “Contact support” button.

2) You’ll be redirected to the email client. The issue will be described in the draft. Send an email, and our support team will help you resolve the problem.

If you have any questions left, refer to How do I pass verification? article or contact our support team for assistance.

How do I know verification has been successful?

You can check your status on the menu in the right top corner. Once all of your documents have been approved, youll get a green mark next to the “Verification” menu item.

Also, all of your documents will get the “Done” status.

You will also receive a pop-up notification and email confirmation.

Can I verify in advance?

There is no need to verify in advance. Verification process is automatic and usually requested when you withdraw funds from your Binomo account. Once verification has been requested, you’ll get a pop-up notification, and the “Verification” item will appear on the menu.

Note. After you’ve received a verification request, you can still make deposits and trade, but you won’t be able to withdraw funds until you complete the verification.

Deposit

Is that safe to send you funds?

Its totally safe if you deposit through the "Cashier" section on the Binomo platform ("Deposit" button in the top right corner). We only cooperate with trusted payment service providers that comply with security and personal data protection standards, such as 3-D Secure or the PCI standard used by Visa.

In some cases, when making a deposit, youll be redirected to our partners websites. Dont worry. If youre depositing through "Cashier", its completely safe to fill in your personal data and send funds to CoinPayments or other payment service providers.

How to deposit with a non-personalized card?

Non-personalized bank cards dont specify the cardholders name. It doesnt matter whether you have a personalized or non-personalized card, in both cases, youll be able to fund your Binomo account. The only necessary condition here is that the card has to be yours, and you should confirm the ownership. For that, send one of the following documents to [email protected] or via live chat:

Bank reference with a signature and stamp;
Statement from the banking service with a signature and stamp;
Screenshot of your account from the bank app or online service.

Important! The cardholder’s name and card number should be visible. The documents must be sent from the email you specified on registering. You can also attach them to a message in the support chat. We accept documents in the following formats: .pdf, .jpg, .png, .bmp.

Cant deposit with a bank card, what do I do?

If you encounter an error or cant complete the payment for some other reason, try the following:

Check if youve specified correctly your country of residence both in the "Personal details" section ("Profile" in the mobile app) and in your payment order. It should match the cardholders country of residence.
Check if youve selected the correct card brand (i.e. Visa, Mastercard).
Check thoroughly the card number and other payment details.
Check if youve entered the SMS confirmation code correctly; try requesting and entering another code.
Clear cache and cookies in your browser; try using a different browser or device.

You can also transfer funds and use another payment method to top up your Binomo account or contact our support team for assistance.

My deposit didn’t go through, what do I do?

All unsuccessful payments fall under these categories:

Funds haven’t been debited from your card or wallet. The flowchart below shows how to solve this problem.

Funds have been debited but not credited to the Binomo account. The flowchart below shows how to solve this problem.

In the first case, check the status of your deposit in the “Transaction history”.

In the web version: Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu. Then click the “Transaction history” tab.

In the mobile app: Open the left side menu, choose the “Balance” section.

If the status of your deposit is “Pending”, follow these steps:

1. Check the instruction on how to deposit with your payment method in the Deposit section of the Help Center to make sure you didn’t miss any steps.

2. If the processing of your payment takes longer than a business day, contact your bank or digital wallet provider to help you indicate the problem.

3. If your payment provider says that everything is in order, but you still haven’t received your funds, contact us at [email protected] or in the live chat. We will help you to resolve this issue.

If the status of your deposit is “Rejected” or “Error”, follow these steps:

1. Click on the rejected deposit. In some cases, the rejection reason is indicated, like in the example below. (If the reason is not indicated or you don’t know how to fix it, go to step 4)

2. Resolve the problem, and double-check your payment method. Make sure it’s not expired, you have sufficient funds, and you’ve entered all the required information correctly, including your name and SMS confirmation code. We also recommend checking the instruction on how to deposit with your payment method in the Deposit section of the Help Center.

3. Send your deposit request again.

4. If all the details are correct, but you still cannot transfer funds, or if the rejection reason is not indicated, contact us at [email protected] or in the live chat. We will help you to resolve this issue.

In the second case, when the funds have been debited from your card or wallet, but you haven’t received them within a business day, we’ll need to confirm the payment to track your deposit.

To help us transfer your deposit to your Binomo account, follow these steps:

1. Collect a confirmation of your payment. It can be a bank statement or a screenshot from the banking app or online service. Your first and last name, the card or wallet number, the payment sum, and the date it’s been made should be visible.

2. Collect a transaction ID of that payment on Binomo. To obtain transaction ID, follow these steps:

Go to the “Transaction history” section.
Click on the deposit that has not been debited to your account.

Click the “Copy transaction” button. Now you can paste it in a letter to us.

3. Send the confirmation of payment and a transaction ID to [email protected] or in a live chat. You can also briefly explain the problem.

And do not worry, we will help you track your payment and transfer it to your account as quickly as possible.

How much time does it take for funds to be deposited into my account?

When you make a deposit, it becomes assigned with a status. You can check the status of your deposit in the “Transaction History” section.

1. Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu. Then click the “Transaction history” tab.

For mobile app users: open the left side menu, choose the “Balance” section.

2. Click on your deposit to see its status and estimated processing time.

Deposit transaction possible statuses

Pending – this status means that the payment provider is processing your transaction at the moment. The provider may possibly wait for some additional actions from your side, so please make sure that you’ve completed all the necessary steps.

Each payment provider has its own processing period. Click on your deposit in the “Transaction History” section to find the information about the average transaction processing time (generally relevant), and the maximum transaction processing time (relevant in the minority of cases).

If you’re waiting for the funds to be credited longer than 1 business day, click “Waiting for more than N days?” (“Contact support” button for mobile app users), and we will help you to track your deposit.

You can also refer to the “My deposit didn’t go through, what do I do?” article to figure out the problem.

Completed – your transaction was successfully processed by the payment provider. The funds were credited to your account.
Rejected – your transaction was canceled due to non-compliance with any conditions. In some cases, the rejection reason is indicated when you click on your deposit. Refer to the “My deposit didn’t go through, what do I do?” article to solve this problem or contact us at [email protected] . We will help you to resolve this issue.

How do I fund my account with a card (wallet) in a different currency?

No need to do anything special: just make a deposit using the "Cashier" section on the Binomo platform ("Deposit" button in the top right corner). The funds will be automatically converted to the currency your Binomo account uses.

Binomo never charges you any currency conversion fee. Funds are exchanged at the current rate of the bank serving the payment. You will always be able to check the amount in the target currency before confirming the payment.

Do you charge for depositing?

Binomo never takes any fee or commission for depositing funds. Its quite the opposite: you can get a bonus for topping up your account. However, some payment service providers may apply fees, especially if your Binomo account and payment method are in different currencies.

Transfer fees and conversion losses vary greatly depending on your payment provider, country, and currency. Its usually specified on the providers website or displayed during the transaction order.

Can I deposit with a card that isnt mine?

Using payment methods that dont belong to you is prohibited by the Client Agreement. You should only deposit and withdraw to cards and wallets that are officially yours.

You can use a non-personalized card (a card without a name on it) if its been issued for you. With this type of card, you should still enter your real name when ordering payment.

When the funds will be credited to my account?

Most payment systems process transactions instantly after the confirmations been received, or within a business day. Not all of them, though, and not in every case. The actual completion time depends heavily on the payment provider. Usually, the terms are specified on the providers website or displayed during the transaction order.

If your payment remains "Pending" for more than 1 business day, or it is completed, but the funds have not been credited to your account, please contact us at [email protected] or in the live chat.

Trading

Can I close a trade before expiration time?

When you trade with the Fixed Time Trades mechanics, you choose the exact time the trade will be closed, and it cannot be closed earlier.

However, if you’re using CFD mechanics, you can close a trade before the expiration time. Please note that this mechanics is only available on the demo account.

How to switch from a demo to a real account?

To switch between your accounts, follow these steps:

1. Click on your account type in the top corner of the platform.

2. Choose “Real account”.

3. The platform will notify you that you are now using real funds. Click “Trade”.

How to be efficient in trading?

The main goal of trading is to correctly forecast the movement of an asset to get additional profit.
Every trader has their own strategy and a set of tools to make their forecasts more precise.

Here are a few key points to a pleasant start in trading:

Use the demo account to explore the platform. A demo account allows you to try out new assets, strategies, and indicators without financial risks. It’s always a good idea to come into trading prepared.
Open your first trades with small amounts, for example, $1 or $2. It will help you test the market and gain confidence.
Use familiar assets. This way, it will be easier for you to predict the changes. For example, you can start with the most popular asset on the platform – EUR/USD pair.
Don’t forget to explore new strategies, mechanics, and techniques! Learning is trader’s best tool.

What does time remaining mean?

The time remaining (time to buy for mobile app users) shows how much time there is left to open a trade with selected expiration time. You can see the remaining time above the chart (on the web version of the platform), and it’s also indicated by a red vertical line on the chart.

If you change the expiration time (the time the trade ends), the time remaining will also change.

Why are some assets not available to me?

There are two reasons why certain assets are not available to you:

The asset is only available to traders with an account status Standard, Gold, or VIP.
The asset is only available on certain days of the week.

You can find the list of available assets for your account status by clicking on the asset section on the platform and scrolling down.

Note. The availability depends on the day of the week and may also change throughout the day.

What is a time period?

A time period, or a time frame, is a period during which the chart is formed.
You can change the time period by clicking on the icon in the lower-left corner of the chart.

The time periods are different for chart types:

For the “Candle” and “Bar” charts, the minimum period is 5 seconds, the maximum – 30 days. It displays the period during which 1 candle or 1 bar is formed.
For the “Mountain” and “Line” charts – the minimum period is 1 second, the maximum is 30 days. The time period for these charts determines the frequency of displaying the new price changes.

Note. The larger the time period, the more visible the major trends in price movement are. The smaller the time period, the more visible current, local trends.

Withdrawal

Why can’t I receive funds right after I request a withdrawal?

We try to process all withdrawal requests as fast as possible. The duration of this process depends on your account status.

For standard status traders, it might take up to 3 days.
For gold status traders – up to 24 hours.
For VIP status traders – up to 4 hours.

We try to shorten these periods when possible.

Once your withdrawal request is approved, we transfer it to your payment service provider.

It usually takes payment providers from a few minutes to 3 business days to credit funds to your payment method. In rare cases, it can take up to 7 days due to national holidays, payment provider’s policy, etc.

If you’re waiting longer than 7 days, please, contact us in the live chat or write to [email protected] We will help you track your withdrawal.

What payment methods can I use to withdraw funds?

You can withdraw funds to your bank card, bank account or e-wallet.

However, there are few exceptions.

Withdrawals directly to a bank card are only available for cards issued in Ukraine or Kazakhstan. If you are not from these countries, you can withdraw to your bank account or an e-wallet. We recommend using bank accounts that are linked to cards. This way, the funds will be credited to your bank card. Bank account withdrawals are available if your bank is in India, Indonesia, Turkey, Brazil, Vietnam, South Africa, Mexico, and Pakistan.

Withdrawals to e-wallets are available for every trader who has made a deposit.

Why can’t I withdraw funds to my bank card or my bank account?

Withdrawals to bank cards are only available for cards issued in Ukraine or Kazakhstan.

The owners of bank cards issued in India, Indonesia, Turkey, Brazil, Vietnam, South Africa, Mexico, and Pakistan can request a bank account withdrawal. We recommend using bank accounts that are linked to cards. This way, the funds will be credited to your bank card.

For residents of other countries, bank cards and bank account withdrawals are not available due to high withdrawal commissions charged by local banks.

If bank withdrawals are not available in your country, we recommend you to deposit and withdraw with these electronic wallets: AdvCash, Perfect Money, Skrill, Neteller.

What is the minimum and maximum withdrawal limit?

The minimum withdrawal limit is $10/€10 or an equivalent of $10 in your account currency.

The maximum withdrawal amount is:

Per day: no more than $3,000/€3,000, or an amount equivalent to $3,000.
Per week: no more than $10,000/€10,000, or an amount equivalent to $10,000.
Per month: no more than $40,000/€40,000, or an amount equivalent to $40,000.

Note. In some cases, these limits may slightly differ depending on certain payment providers.

How much time does it take for funds to be withdrawn?

When you withdraw funds, your request goes through 3 stages:

We approve your withdrawal request and pass it on to the payment provider.
The payment provider processes your withdrawal.
You receive your funds.

Approval period
Once you send us a withdrawal request, it gets assigned with “Approving” status (“Pending” status in some mobile application versions). We try to approve all withdrawal requests as fast as possible. The duration of this process depends on your status and is indicated in the “Transaction History” section.

1. Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu. Then click the “Transaction history” tab. For mobile app users: open the left side menu, choose the “Balance” section.

2. Click on your withdrawal. The approval period for your transaction will be indicated.

If your request is being approved for too long, contact us by clicking “Waiting for more than N days?” (“Contact support” button for mobile app users). We will try to figure out the problem and speed up the process.

Processing period
After we’ve approved your transaction, we transfer it to the payment provider for further processing. It gets assigned with “Processing” status (“Approved” status in some mobile application versions).
Each payment provider has its own processing period. Click on your deposit in the “Transaction History” section to find the information about the average transaction processing time (generally relevant), and the maximum transaction processing time (relevant in the minority of cases).

If your request is being processed for too long, click “Waiting for more than N days?” (“Contact support” button for mobile app users). We will track your withdrawal and help you to get your funds as soon as possible.

Note. It usually takes payment providers from a few minutes to 3 business days to credit funds to your payment method. In rare cases, it can take up to 7 days due to national holidays, payment provider’s policy, etc.

Can I withdraw in my country’s currency?

When you register, you set your account currency – it can be dollar ($), euro (€), or your country’s currency. You can trade, make deposits, and withdraw funds in that currency.

If the currency of the payment method you’re withdrawing to differs from the currency of your Binomo account – your funds will be automatically converted. The conversion exchange rate depends on the current rate of the market.

Are there any withdrawal fees and commissions?

We generally do not charge any commissions or fees for withdrawals.

However, there is a limit on the number of withdrawals without a fee for India. If you’re from this country, you can withdraw funds once every 24 hours without a commission. If you exceed that limit, the fee will be 10%.

Also, in rare cases, payment service providers may apply a commission for conversion if your Binomo account and payment method are in different currencies. This commission is paid by Binomo and will be automatically returned to your account.

Note. If you made a deposit and decided to withdraw before trading, there is a possibility of a 10% commission.

What is the conversion exchange rate?

Your funds will be automatically converted, if the currency of the payment method you’re withdrawing to differs from the currency of your Binomo account. Your funds may also be converted by the payment service provider during processing. The conversion exchange rate depends on the current rate of the market.

Please note that in rare cases payment service providers can also charge a commission when converting your funds. The commission amount is usually specified on the provider’s website or displayed during the transaction. This commission is paid by Binomo and will be automatically returned to your account.

Why do I see a “Failed” status when withdrawing?

When you see a “Failed” status when withdrawing funds, it means that the problem with your transaction happened from the payment provider’s side. There are two possible reasons for this problem:

You applied incorrect payment details.
Technical difficulties on the payment provider’s side.

In some cases, you can find an error description in the “Cashier” section, “Transaction history” tab (“Balance” section for the mobile app users). But payment providers don’t always indicate the reason for the problem.

You can try sending a withdrawal request one more time, or you can contact our support team in the live chat or write to [email protected] We will help you identify the problem.

Can I withdraw funds from my account before I start trading?

Yes, once you’ve made a deposit, you can withdraw funds even if you didn’t trade.

However, if you decide to withdraw before your trading turnover (the sum of all trades) is double the amount you’ve deposited, there is a possibility of a 10% commission.

This commission is only charged in rare cases, and it is due to the company’s anti-fraud activities.