How to Open Account and Withdraw from Binomo

Mar 28, 2024

In the realm of financial markets, accessibility and user-friendly platforms are paramount. Binomo stands out as a versatile and intuitive trading platform, offering an array of investment opportunities in a straightforward and secure environment. Understanding how to open an account and navigate the withdrawal process is essential to harnessing the full potential of Binomo.

How to Open an Account on Binomo

How to Open Binomo Account with Email

Step 1: Visit the Binomo website

The first step is to visit the Binomo website. You will see a yellow button "Sign up". Click on it and you will be redirected to the registration form.

How to Open Account and Withdraw from Binomo

Step 2: Fill in the registration form

There are two ways to register a Binomo account: with your email or with your social media account (Facebook, Google). Here are the steps for email:

Enter a valid email address and create a secure password.
Choose the currency of your account: USD, EUR, or your local currency for all your trading and deposit operations.
Check the box to accept the Client Agreement and Privacy Policy of Binomo.
After filling in the form, Click on "Create account".

Step 3: Verify your email address

After creating your account, you will receive an email from Binomo with a verification link. You need to click on it to confirm your email address and activate your account. If you don’t see the email in your inbox, check your spam or junk folder.

Step 4: Choose the account type and go trading

Binomo offers a demo account to its users to help them practice trading and get familiar with the platform’s features without risking real funds. They are an excellent tool for beginners and experienced traders alike and can help you improve your trading skills before moving on to trading with real funds.

Now you are able to access your demo account. You will get $10,000 in your demo balance and you can use it to trade any asset on the platform.

Demo trading accounts simulate real trading conditions but do not require real money to open orders. The trading conditions are exactly as they would be in the trading account were real.

Once you build confidence in your skills, you can easily switch to a real trading account by clicking the "Real account". Switching to a real trading account and depositing funds on Binomo is an exciting and rewarding step in your trading journey.

Congratulations! You have successfully registered a Binomo account and made your first trade. You can now explore the platform and use the various features and tools to improve your trading skills and results. Remember to always trade responsibly and wisely.

How to Open Binomo Account using Facebook, Google

Step 1: Visit the Binomo website

The first step is to visit the Binomo website. You will see a yellow button "Sign up". Click on it and you will be redirected to the registration form.

Step 2: Fill in the registration form

Choose one of the social media platforms available, such as Facebook or Google.
You will be redirected to the login page of your chosen platform. Enter your credentials and authorize Binomo to access your basic information.
You will be automatically registered and logged in to your Binomo account.

Step 3: Choose the currency and account type.

Select your account currency. The setting can’t be changed after registration.

Then choose the account type to start trading.

Step 4: Access your demo account

You will get $10,000 in your demo balance and you can use it to trade any asset on the platform. Binomo offers a demo account to its users to help them practice trading and get familiar with the platform’s features without risking real funds. They are an excellent tool for beginners and experienced traders alike and can help you improve your trading skills before moving on to trading with real funds.

How to Open an Account on the Binomo App

More than 70% of traders are trading the markets on their phones. Trade on the go conveniently with the Binomo App on your Android or iOS device. In this article, we will go through how to navigate these apps on your preferred device.

1. Install the Binomo app on the Google Play Store or App Store.

2. Open the Binomo app and click [Sign up].

3. Select a registration method, you can choose from Email, Google account, Apple ID, or LINE.

4. That’s it! You have successfully registered your account on the Binomo app.

Features and Benefits of Binomo Trading Account

Binomo is a platform that offers many advantages for traders of all levels, such as:

An interface designed for user-friendliness, making it simple to navigate and customize based on individual preferences.
The platform ensures security and compliance with international standards by employing advanced encryption technology and regulatory measures.
Benefit from a demo account featuring $10,000 in virtual funds, enabling risk-free practice and strategy testing.
Binomo regularly provides its traders with bonuses and promotions, including deposit bonuses and cashback rewards. These incentives can provide additional value and improve the trading experience.
Binomo has a mobile trading app available for iOS and Android devices, allowing traders to trade on the go. The app provides full functionality, including the ability to monitor positions, execute trades, and access market information from anywhere at any time.
Start trading with a minimum deposit of $10 and a minimum trade amount of $1, allowing for low investment entry.
Access a diverse range of assets suitable for trading across various time frames and market conditions.
A unique mode of trading called "Non-stop" that lets you open multiple positions at the same time and continue trading without restrictions.
Utilize the comprehensive education center offering complimentary training materials, tutorials, webinars, and strategies to enhance trading skills.
Receive support from a responsive customer service team, available 24/7 via chat, email, or phone communication channels.

How to make a Withdrawal on Binomo

Binomo Withdrawal Payment Methods

If you are a trader on Binomo, you might be wondering how to withdraw your funds from the platform. Binomo offers a variety of payment methods for its users, depending on their location and preferences. We will explore some of the most popular and convenient options for withdrawing funds from Binomo.

Bank Cards

The first option is to use a bank card, such as Visa or Mastercard. This is a simple and secure way to transfer your funds directly to your bank account. The processing time can take from 1 to 12 hours to credit funds to your bank card.

Please note:

Bank card withdrawals are only available for cards issued in Ukraine, Turkey, or Kazakhstan;
Indonesian traders can use JCB bank cards to cash out their funds

E-wallets

The second option is to use an e-wallet, such as Skrill, Neteller, Perfect Money, WebMoney, and more. These are online platforms that allow you to store and transfer funds electronically. They are fast, convenient. Withdrawals to e-wallets are available for every trader who has made a deposit.

Bank Transfers

The third option is to use a Bank Transfer. Bank account withdrawals are only available for banks of India, Indonesia, Turkey, Vietnam, Philippines, Thailand, Colombia, Argentina, Chile, South Africa, Mexico, and Pakistan. Bank transfer is a safe and reliable way to withdraw your funds from Binomo, as it does not involve any third-party intermediaries or online platforms that might pose security risks.

Binomo withdrawal payment methods are diverse and flexible, allowing you to choose the one that suits your needs and preferences.

How to Withdraw Funds from Binomo: A Step-by-Step Guide

Step 1: Log in to your Binomo account and click on the "Cashier" button on the top right corner of the screen. You will see your balance and the available payment methods for withdrawal.

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

Step 2: Choose the payment method that suits you best. Binomo supports various payment options, such as bank cards, bank transfers, and e-wallets. You can only withdraw to the same payment method that you used to deposit. For example, if you deposited with a Visa card, you can only withdraw to a Visa card.

Step 3: Depending on your chosen withdrawal method, you will be prompted to provide relevant information. For bank transfers, you may need to input your bank account details, including the account number and routing information. E-wallet withdrawals may require the email address associated with your e-wallet account. Follow the instructions provided by Binomo and accurately enter the requested details.

Enter the specific amount of funds you wish to withdraw from your Binomo account. Ensure that the requested amount does not exceed your available balance.

Step 4: You will see a confirmation message and a withdrawal request number.

You can also check the status of your withdrawal request in the "Transaction History" section.

Step 5: Receive your funds in your chosen payment method. Depending on the payment method and your bank, it may take from a few minutes to 12 hours for the funds to arrive in your account. You can contact Binomo’s customer support if you have any questions or issues regarding your withdrawal.

That’s it! You have successfully withdrawn your funds from Binomo.

What is the Minimum and Maximum Withdrawal limit on Binomo

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

The maximum withdrawal amounts are as follows:

Per day: a maximum of $3,000/€3,000 or an equivalent amount in your account currency, not exceeding $3,000.
Per week: a maximum of $10,000/€10,000 or an equivalent amount in your account currency, not exceeding $10,000.
Per month: a maximum of $40,000/€40,000 or an equivalent amount in your account currency, not exceeding $40,000.

Please note that in certain cases, these limits may slightly vary depending on specific payment providers.

How long does Binomo Withdrawal take

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]

Are there any Withdrawal Fees and Commissions on Binomo?

We typically do not impose any commissions or fees for withdrawals.

However, there is a withdrawal limit without a fee for India. If you are from India, you can make a withdrawal once every 24 hours without incurring a commission. If you exceed this limit, a fee of 10% will be applied.

Additionally, in rare instances, payment service providers may charge a commission for currency conversion if your Binomo account and payment method use different currencies. However, Binomo will cover this commission on your behalf, and the amount will be automatically refunded to your account.

Note. Please note that if you make a deposit and decide to withdraw before engaging in trading activities, there is a possibility of a 10% commission.

Conclusion: Secure Account Opening and Withdrawals on Binomo

The process of opening an account on Binomo and initiating withdrawals is the foundation of your financial journey on this platform. Carefully following the steps to create an account and safely withdrawing funds ensures a secure and empowering experience.