How to Register in Binomo And Trade (For Beginners)

Binomo is as old as IQ Option, Olymp Trade, and Expert Option. And even though they all started in 2014, Binomo hasn’t quite registered enough traders to compare either of the platforms. In today’s post, I will show you all the methods you can use to create a new account in Binomo. If you already have another fixed time trading account with another broker, also use either of these methods to create an account in Binomo and see how it compares with your current broker.

Here’s how to open a Binomo account in 3 different ways: –

a). How to Register in Binomo with Gmail.

This method is by far the easiest of all the sign up methods in Binomo.

Head over to the official Binomo platform to get started.

Once on the platform, click on the yellow sign up button in the top right corner of the Binomo website.

Binomo website

You can also click on the “try demo” button or the install button at the bottom to start a free trial right away or to get Binomo on your device.

If you choose to go with the try demo button, your access will be limited to 120 minutes after which you will be required to create an account.

How to register a new account on Binomo

Whether you clicked on the “sign up” button after the expiry of the trial period, or the “sign up” button on the official website, you will be redirected to the registration page.

Here you can either sign up with your Email, Gmail or Facebook.

If you choose Gmail, tap on the Gmail logo and you will be prompted to choose a Gmail account to sign up with.

You can also choose to create a new Gmail account for the sole purpose of registering on Binomo.

Register an account in Binomo with Gmail

Whichever option you choose, use your Gmail address and password and you will be logged in automatically to your new Binomo account with $1,000 free to start demo trading.

Also, don’t forget to click on the button link sent to your Gmail account to verify your Email.

Verification goes a long way during fund withdrawal.

How to trade. Video Lesson for Beginners 

b). How to register in Binomo with Facebook

If Gmail doesn’t quite cut it for you, you can register in Binomo with Facebook.

To do this, head over to the official Binomo account and click on the “Sign Up” button on the top right corner of the platform.

Next, click on the Facebook icon to register.

If you are already logged in on Facebook with the device you’re currently using to sign up to Binomo, then Binomo Oauth will request to access your name, profile picture, and email address.

Just click on the blue button with the words, “continue as (your name) and your account will be created automatically.

Otherwise, you will be needed to enter your Facebook logins if your Facebook account isn’t already on your device.

How to Join Binomo with Facebook

When all is done, you will get $1,000 in your new Binomo account which you can use to DEMO trade.

If you don’t know how to trade, follow the interactive Binomo user education illustrated below to get started.

How to trade on Binomo. Step-by-Step Guide.

After you register in Binomo with either Facebook, Email, or Gmail, you will get $1,000 in your new account which you can demo trade with.

This amount is also replenishable and it does not expire. Meaning you can use it anytime, all the time.

  • Binomo trading for beginners – Step 1: Follow Trends

A trend is the general direction of the chart in financial markets.

In Binomo, the default chart shown on all new trading accounts is the candlestick chart which visually is represented by green and red candles as shown in the image below.

While green candlesticks show an increase in the price of an asset, the red ones show a fall in prices.

As a beginning fixed time trader in Binomo, your basic role is to spot, follow trends and make forecasts.

Remember, green candlesticks show an increase in price and red candlesticks show a decrease in price. And, traders make money if they forecast the correct direction of price and get it right even if just by a single point.

Show me how to trade

  • Binomo trading for beginners – step 2, follow the trend.

If you are not ready to trade by yourself, you can opt to take advantage of the social trading feature in Binomo and copy trades placed by other users.

Why is this feature an important trading tool for beginners?

Well, this tool allows you to see trades made by other traders in real time and with what amount.

This information is important because it gives you a clue about the general trend that everyone else is taking.

You can choose to copy their trades and hope you all win or you can trade against these traders and hope price classes in your favor.

Social trading in Binomo

  • Binomo Trading for Beginners, Step 3: Switch from Demo to Real Account.

While the demo account does not require you to deposit any money to start trading, the real account does.

You can switch between these two account types by clicking on your demo account balance to reveal the real account.

One important difference between the two account types is: –

You can withdraw earnings made on the real account. The same statement is not true for a demo account. The mere purpose of the demo account is to learn how to trade, come up with trading strategies, and experience what Binomo has to offer before deciding if to trade with real money or not.

You can activate the real account on Binomo by making a $10 deposit to your real account.

Binomo account balance

  • Binomo Trading for Beginners, Step 4: Pick an Asset to Trade

Binomo has more than 60 different assets that you can trade on the platform either on the real or the DEMO account.

These assets can either be the major Forex pairs traded worldwide, commodities, stocks, cryptocurrencies, or metals.

Each asset on Binomo has a different rate of return and in hindsight, these rates change and may fluctuate to as little as 10%.

Your responsibility as a trader is to find an asset with the highest rate of return as shown in the image below and to trade them for maximum profits.

Open and select asset list

  • Binomo Trading for Beginners, Step 5: Decide Your Trade Amount

A good rate of return must be backed by a good state amount for maximum profits.

At Binomo the minimum trade amount is $1 and the maximum is $1,000.

If the rate of return is constant at 80% and you trade with $1 you will make a $0.8 profit. Someone else who has traded with $1,000 on the same asset as you will however make $800 profit.

The decision of how much to trade with lies with you and you can change this information as shown in the image below.

Decide trade amount in Binomo

  • Binomo Trading for Beginners, Step 6: Forcast the Direction of an Asset

After choosing an asset to trade and the amount to trade with, you will need to predict if the price of the asset you are interested in will rise or fall.

Remember we mentioned that the rise of price in an asset is shown by multiple green candlesticks showing on the charts. Price fall on the other hand is shown with red candles.

Whichever direction you settle on, you must commit by either tapping the green button for price rise or the red button for price fall. See the image below.

Your trade will be close in 1 minute and you will either make money or only lose what you staked.

Forecast direction of the market

c). How to Register in Binomo with an Email

I have shown you how to register in Binomo with your Gmail account or Facebook account and also, how to place your first trade on the Binomo platform.

Now let me show you how to register with your Email address.

The process is not different from any of the methods already mentioned above.

If anything, you only need to enter your email directly in the field shown in the image below (1).

Next, enter your password (2) and choose a currency for your account (3).

Last but not least accept the client’s agreement and privacy policy (4), then click on the create account button (5).

How to register Binomo with Email

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