Binomo Broker in United Arab Emirates: A Comprehensive Guide

Introduction

Binomo is a popular online trading platform that offers a wide range of financial instruments to traders worldwide. The platform has gained popularity in recent years due to its user-friendly interface, low minimum deposit, and high payout rates. In this article, we will explore Binomo broker in United Arab Emirates and provide a comprehensive guide on how to use the platform to trade financial instruments.

What is Binomo?

Binomo is an online trading platform that was launched in 2014. The platform is owned and operated by Tiburon Corporation Limited, a company registered in Seychelles. Binomo offers a wide range of financial instruments, including currency pairs, commodities, stocks, and cryptocurrencies. The platform is known for its user-friendly interface, low minimum deposit, and high payout rates.

Is Binomo Legal in United Arab Emirates?

Binomo is not regulated by the Securities and Commodities Authority (SCA) in United Arab Emirates. However, the platform is not banned in the country, and traders can use it to trade financial instruments. It is important to note that trading on unregulated platforms carries a higher risk, and traders should exercise caution when using such platforms.

How to Open an Account on Binomo?

Opening an account on Binomo is a straightforward process. Traders can follow the steps below to open an account:

• Step 1: Visit the Binomo website and click on the “Sign Up” button.
• Step 2: Enter your email address and password.
• Step 3: Choose your account currency and click on the “Create Account” button.
• Step 4: Verify your email address by clicking on the verification link sent to your email.
• Step 5: Log in to your account and make a deposit to start trading.

How to Make a Deposit on Binomo?

Traders can make a deposit on Binomo using a wide range of payment methods, including credit/debit cards, e-wallets, and bank transfers. The minimum deposit on the platform is $10. Traders can follow the steps below to make a deposit:

• Step 1: Log in to your Binomo account and click on the “Deposit” button.
• Step 2: Choose your preferred payment method and enter the deposit amount.
• Step 3: Follow the instructions to complete the payment process.
• Step 4: Your deposit will be credited to your account instantly.

How to Trade on Binomo?

Trading on Binomo is a simple process. Traders can follow the steps below to trade financial instruments on the platform:

• Step 1: Log in to your Binomo account and select the financial instrument you want to trade.
• Step 2: Choose your trade amount and select the expiry time.
• Step 3: Click on the “Up” button if you think the price will go up or the “Down” button if you think the price will go down.
• Step 4: Wait for the trade to expire.
• Step 5: If your prediction is correct, you will receive a payout. If your prediction is incorrect, you will lose your trade amount.

What are the Payout Rates on Binomo?

Binomo offers high payout rates to traders. The payout rates vary depending on the financial instrument and the expiry time. Traders can earn up to 90% payout on successful trades. The platform also offers a refund of up to 40% on unsuccessful trades.

What are the Trading Tools on Binomo?

Binomo offers a wide range of trading tools to traders. Some of the trading tools available on the platform include:

• Technical analysis tools
• Trading signals
• Market news and analysis
• Trading strategies
• Education materials

What are the Customer Support Options on Binomo?

Binomo offers excellent customer support to traders. The platform has a dedicated support team that is available 24/7 to assist traders with any issues they may encounter. Traders can contact the support team via email, phone, or live chat.

Conclusion

Binomo is a popular online trading platform that offers a wide range of financial instruments to traders worldwide. The platform is known for its user-friendly interface, low minimum deposit, and high payout rates. While Binomo is not regulated by the Securities and Commodities Authority (SCA) in United Arab Emirates, traders can use it to trade financial instruments. However, it is important to exercise caution when using unregulated platforms. Traders can follow the steps outlined in this article to open an account, make a deposit, and start trading on Binomo.