When participating in trading in Binomo, depending on the amount of capital you deposit, the platform will offer you the type of account with different advantages. Let’s read some reviews about what those types of Binomo accounts are, how to upgrade, and the benefits they bring in this article.
Types of Binomo accounts
In the Binomo interface, click on the “Cashier” menu, then select “Account type”. You can see there are 4 types of accounts that Binomo provides for traders.
Now, let’s go deeper into each type.
Binomo Demo Account
This is the type of account you will receive immediately after registering a Binomo account. You can use Binomo demo account to familiarize yourself with the interface and to practice before depositing money to make a real profit. In this account, Binomo gives you $1000 to practice trial trading. This is one of the great advantages of Binomo.
Regarding this account type, there are some certain limitations as follows:
– You can only use the free amount of $1,000 in trial transactions. It means that you can’t withdraw this free amount of money.
– Only 18 pairs of assets are available for trading.
– Only free contests hosted by the platform are available.
However, the demo account will be very helpful for you in the training and preparation steps before trading with real money.
Basic Binomo account (STANDARD)
You need to deposit at least $10 to be able to upgrade to this type of account. This is equal to the Binomo minimum deposit amount.
Basic accounts have the following restrictions:
– The number of asset pairs allowed for trading is 39 pairs, 21 more pairs than the practical account.
– The withdrawal time can be extended up to 3 working days.
– Only basic contests of the platform are available.
– The highest level of income rate is only 84%.
– The maximum bonus is of 80% for each deposit.
Gold account (GOLD)
This is the type of account you will receive from Binomo when depositing a minimum of $500 or more.
Regarding this account type, the platform also offers more privileges for you, namely:
– Over 42 asset pairs including currencies and cryptocurrencies are available for trading.
– Withdrawal requests are processed within 24 hours.
– Gold level contests and contests of lower levels are available.
– The income rate of transactions can be up to 86%.
– The highest bonus will be 90% of the total deposit.
– Investment insurance to protect your money.
– Advice on the trading and investment process as well as answers for questions are available with a private manager.
– Analysis support with a variety of trading strategies by experts is available.
– Weekly cashback is 5% of the real lost amount.
Diamond Account (VIP)
This is the highest level of an account which is also the level that Binomo will give you the most advantages. In exchange, you will have to deposit at least $1,000 to be able to receive this account type.
The advantages of VIP accounts are as follows:
– VIP customers can receive a bonus of up to 100%.
– The fixed income rate can reach 87%.
– Withdrawals are processed within no more than 4 hours.
– The most complete list of tradable assets (49).
– Risk-free transactions for real money are available.
– Online analysis support by VIP management is available.
– There is also a range of exclusive privileges available only to VIP customers.
– Weekly cashback is 10%.
The above shows the types of accounts that Binomo provides to traders when participating in trading on the platform in the most detailed reviews. Depending on your needs, purposes, and level of trading, choose the appropriate account type. We hope that this article will be useful for those who seriously consider investing to make a profit in Binomo.