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What are Binomo Minimum Deposit ✓ and Payment methods, how much should you spend to start trading with the forex broker?

What is Binomo Minimum Deposit?

Binomo minimum deposit in India is only 10$ to start placing orders of 1$. But remember that before you start operating for real money you better practice on the demo-account. No matter how much theory you have learned, how well you have studied technical analysis and how well informed of the current market situation you are before you create your first working trading theory you need hours of practice. That’s where demo-account can be useful. And as soon as you register on the platform and create your personal account you are eligible for a 1000$ bonus for trading on the demo-account and you can use any of the working promo codes to make your deposit even more profitable.

Binomo account case currency

When creating your account in Binomo it is important to remember that you have to choose your account currency for trading and future funds withdrawal in the very beginning and will not be able to change the currency in future. The only way to change it will be by blocking the existing account and creating a new one with a different email address. If the currency of your Binomo account is different to the currency of your payment method your funds will be automatically converted.

Binomo funding methods

Binomo offers different funding methods, choosing the one that will be used by you. Remember that at the time of withdrawal the funds can only be transferred to the same card or e-wallet that you used to make a deposit. Also only the cards and wallets issued on your name and that belong to you can be used for future withdrawal due to Binomo’s rigorous safety system.

Credit 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.

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 have waited for more than 7 days please contact Binomo client service.

Bitcoin

You can always use a cryptocurrency electronic wallet to credit your account if it is in Bitcoin (BTC) or Litecoin (LTC).

The funds are typically received instantly, after the payment is confirmed by the payment system (via SMS or some other method). But sometimes the payment can take a little longer.

Transfer

Note: do not try to make a transfer to Binomo BTC address on your own. Each payment should be passed through the cashier, otherwise we will not be able to identify it.

You can also deposit via a bank transfer through any internet banking application.

Other methods

Among other methods are fiat e-wallets, Skrill, ADV cash and Perfect Money.

Binomo deposit bonus

No matter what deposit method you choose, Binomo offers you a redeposit bonus.

Redeposit bonuses are given every time you deposit your Binomo account. The amount of bonuses may vary from 100% to 200% according to the account type you have.

Deposit bonuses are available each time you are crediting your account.

FAQ

Is it safe to send you funds?

Be sure that it is absolutely safe to deposit through the Binomo "Cashier" section ("Deposit" button in the top right corner). All the payment service providers we deal with are trusted and comply with security and personal data protection standards.

Can I deposit with a non-personalized card?

You can fund your Binomo account by either personalized or non-personalized card, the only necessary condition here is that the card has to be yours, and you should confirm the ownership.

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

You can fund your Binomo account in the currency of your preference, 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 with no additional fees.

Do you charge for depositing?

Binomo never charges for depositing funds, you can get a bonus for topping up your account. However, some fees may be charged by your payment service currencies.

Can I deposit with a card that isn’t mine?

You can only deposit and withdraw to cards and e-wallets that officially belong to you. You can use a non-personalized card if it’s been issued for you. But even with this type of card, you still need to enter your real name when ordering payment.

How long does it take for funds to be credited to my account?

In most cases the payment transaction is processed instantly or within a business day. But not in every case. The actual time depends on the payment provider.

Can I have Multiple Binomo Accounts?

You can only have one Binomo account at a time. You cannot create multiple accounts on Binomo, it is prohibited due to the company's policy.

How to Withdraw Funds on Binomo?

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

  1. Login to your personal account.
  2. Go to the withdrawal in the “Cashier” section. In the desktop version: Click on your profile picture in the top right corner of the screen and choose the “Cashier” tab in the menu. In the Android or iOS app: Open a left side menu, choose the “Balance” section, and tap the “Withdraw” button.
  3. 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). Click “Request withdrawal”. Please note that the minimum withdrawal amount is Rs.350 or $5.

Binomo minimum deposit vs other brokers

Today there exist an endless amount of all types of brokers for online trading. Some of them have 0$ minimum deposit, some of them have a minimum deposit as high as 2000$(Saxo) or even 10000 USD (Etoro) according to this information Binomo’s minimum deposit can be considered average and not high probably this is one of the reason why is Binomo trading terminal so popular among traders all over the world. Anyway we advise you at the moment of choosing a broker not to guide only by its minimum deposit amount but to make a deeper research on all of its terms and conditions.