How to withdraw funds from Binomo – detailed tutorial

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Availability of extra earnings on online trading attracts a lot of people from India. And they are ready for the risk and investments, which are always present in the trader’s work. At the same time risks are different – one variant when you make a wrong forecast and lose some of your funds, and quite another – with a platform that blocks withdrawals. This is quite a disturbing issue in many thematic forums, which is raised not only by beginners, but also by experienced traders. In the review, we will look at how to withdraw funds from www.binomo.com without any problems.

What is Binomo trading?

binomo trading

The principle of trading is a trade for a limited period of time. To do this, trader: 

  • Opens a deal on any asset available on the Binomo platform (the number of assets depends on the type of account).
  • Determines the time for closing this position, the amount of investment in it, and forecasts how the asset price will change (UP or DOWN). 

Traders get profit when the forecast is correct.  If the trade is not closed in accordance with your forecasts, make a new deal and act more competently.

Note! The minimum possible expiration time on the Binomo platform is 1 minute and the maximum is 1 hour.

Varieties of Binomo instruments

Through the work, traders use various strategies and choose optimal variants for trade. This is not to say that there are bad and good strategies. Each of them gives a result under certain circumstances and proper use. 

Traders can apply the following types of chart display for the work:

  1. Mountain; 
  2. Line;
  3. Candlestick; 
  4. Bar.

For beginners, the Candlestick chart is considered the most informative and useful in terms of trading, so you might want to start with that one. And remember that trading is a pattern and tendency with the correct use of strategies and knowledge.

Binomo real or fake?

Supporters and critics can be found in every area of ​​human life. Trading is no exception and it has their opponents. What are the disadvantages traders call:

  1. The absence of a government licensing program.

So, the first thing traders ask is Binomo legal in India. We can say for sure that the company is regulated by an international organization – the Financial Commission, which monitors compliance with the rights and obligations of the company and its clients.

Another proof of the safety of Binomo is the certificate by Verify My Trade. This confirms the quality of trade execution. At the same time, Binomo voluntarily undergoes a monthly audit of 5,000 trades made by customers on the platform.

  1. The trading terminals are not advanced.

Some trading platforms offer services not at the highest level of quality, various hangings in the terminals and other failures occur. Therefore, it is better to use the reliable platforms, where the quality is at the highest level, such as Binomo in India.

  1. Delays in withdrawals.

This is quite an important point for every trader who works efficiently on the platform. But at the same time they are faced with the problem of withdrawing earned funds. Does Binomo have such a problem? Yes, in some cases (such as sometimes there may be delays on the part of the payment system). But all of them are connected only with violation of the terms of the Client Agreement.

Below we will touch upon the important topic of withdrawing funds using the example of the well-known trading platform Binomo.

Sign in and Login

binomo login

Before requesting a withdrawal from the platform, you must first register and start trading. To do this, you can use your Google account or email. In the second case, you need to fill out the form:

  1. Submit a valid email and a strong password.
  2. Choose your preferred trading currency, which, in this case, would be the Indian Rupee (INR) or USD or EUR. Your currency type cannot be changed after you’ve registered. 
  3. Read and accept the terms of the Client Agreement.
  4. Activate your account using the link from Binomo’s email.

Sign up on the platform opens up opportunities for each user to really work with a demo account and gain knowledge of the basics of trading. You can also use all the functions of the platform, deposit and trades on a real account.

How to withdraw funds from Binomo

binomo withdrawal

If you’ve completed the registration and get additional income, then withdrawing funds from Binomo will not be difficult for you. You can use the following payment systems to withdraw funds in India: 

  • Indian exchanger 
  • NetBanking
  • PayTm
  • GlobePay

In addition, we remind you that you can withdraw funds from the system to a similar bank card or electronic wallet from which the deposit was made. If the deposit was in dollars, then you need to withdraw the currency, the same applies to the rupees.

Withdrawal Request

Every trader can withdraw funds from Binomo. To do this, you need to correctly fill out a request for withdrawal.  

  1. Enter the “Cash register”.
  2. Then click on the link “Withdraw funds“
  3. A tab appears and you need to fill in the fields.
  4. After filling, click “Send a request for withdrawal of funds”.

Finance comes to the preferred wallet. Remember that the withdrawal of funds is possible to the same details that you used for the deposit.

It is also necessary to analyze the fact of filling in the lines of the form in more detail:

  • Fill in the necessary amount in the line “Amount of payments”.
  • Specify your payment card in the line “Method of withdrawal” (for example, Indian exchanger, NetBanking, PayTm, GlobePay, etc).
  • Write the reason for the withdrawal of funds in the line “Comment”. It’s just a formality for statistics.

In this review, we described the whole process of withdrawals from Binomo, as it turned out, there is nothing difficult.  You can use any payment system that is convenient for you and available in India. But keep in mind that trading is a risk. So try to improve your trading skills and trade wisely. We wish you successful deals and get additional income!

 

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