Binomo Botswana – Review
Binomo Botswana is one of the best binary options broker regulated by FMRRC and accepts investors from Botswana. It offers its exclusive, modern, advanced, and most user-friendly trading platform to the world. Binomo binary trading platform is suitable for professional and new traders. The platform enables you to trade both classic binary options and the most popular turbo options (60 seconds- 5 minutes) with payout up to 90%.
Binomo Botswana offers USD 1000 balance in a Demo Account to traders from Botswana to begin learning and practicing without risk of losing the investment. This is a great chance to try Binary options in Botswana.
Benefits of trading with Binomo :
- Advanced and simple to use trading platform
- Fast withdrawal processing than other brokers
- Complies with International Financial Commissions
- Free unlimited demo account
- A minimum deposit of 10$.
- Great support in EN, RU, TH, VN languages.
Binomo is a reliable Binary Options broker having clients from around the world. It is in the registry of the International Financial Commission as a Category A brokers. It guarantees you that you get your transactions in a secure and transparent environment. Binomo offers various safe and accessible funding features. You can use your Credit cards, Debit cards, and other eWallet services for funding your account. Customer service and same-day fund withdrawal for clients got the best in the industry.
Binomo offers a Free Demo Account with a virtual balance of $1,000. Both professional and beginner traders require this type of account for learning and practicing purpose. The traders must trade in the Demo account seriously as it will give you a real feel and mindset for trading in a live account.
This account involves trading with real money. Standard account can be opened by depositing $5 into your account. The minimum trade size is $1, and the maximum is $1,000. You can take advantage of the bonus deposits. Kindly check the bonus terms and conditions before availing them.
The Gold status account holders have more benefits than the standard account. It comes with a deposit of $500 and provides the traders with a higher earnings rate. Binomo’s Gold Account holders get 5% cashback every week and withdrawal processing under 24 hours.
The VIP Account features are available to the traders who deposit $1,000 or more funds into their account. VIP account holders get extra profit and premium features like 1-hour fund withdrawal, dedicated account manager and personal trainer, etc.
Binomo Funding and Withdrawal Methods
Binomo in Botswana allows fund deposit using several payment methods. In addition to this, there is no commission or hidden fees involved in the transaction. The accounts updated instantly after a successful deposit. The traders can deposit starting from 10$, and no maximum limit below is the listed payment methods.
- Bank cards: Visa, Master Card, Maestro, JCB
- Electronic payment: Webmoney, Skrill, Neteller, Qiwi, Advcash
- Cryptocurrencies: Perfect Money, Bitcoin, Litecoin etc.
Binomo allows the traders to withdraw funds via the payment method used to credit their account. The client can get the withdrawal request form into the Cashier page.
For example, if a trader financed the account with 100$ using his bank card and made profits of 90$. The trader can only withdraw 100$ USD to his bank card, and profit can be withdrawn using any of the electronic payment methods.
If the trader performed the funding with the Electronic Payment of 100$ and made profits 90$, he can withdraw all funds without any issues. Remember that the traders who use bank cards have to verify their bank card before placing a withdrawal request.
Is Binomo Binary Options legal inBotswana?
Yes, it is legal to trade Binary Options with Binomo in Botswana. Binomo complies with the regulations of FMRRC and IFC. It is a legitimate Options trading provider with clients across the globe. It merely mentions the countries from where it doesn’t accept traders. Botswana is not in the list of prohibited countries for trading Binary Options. Therefore, it is legal to trade with Binomo. However, you should fulfill the tax obligations from the income from trading Binary Options to stay compliant with the regulations.
Account Verification – Why is it important?
Binomo is asking to verify all the clients before making any payments to them. It is an international regulatory requirement to bypass illegal financial transactions. You can verify your account by uploading an Identity document and an Address proof document. For verification, the acceptable documents are the following:
- Driver license
Binomo Platform Review
Binomo has a responsive platform that gives the ability to trade conveniently with the best technical and graphical tools, which the client can’t find with other brokers. The trading platform works with comfort on Mobile, Tablets, and PCs. It is compatible with Android, iOS, Mac, and Windows.
- Trend Indicators: Ichimoku Kinko Hyo, Parabolic SAR, MACD, MA.
- Momentum Indicators: RSI, Stochastic Oscillator, ADX.
- Volatility: Bollinger Bands.
- Volume: Awesome oscillator, Klinger Volume Oscillator.
- Trend Tools: Trendlines, Line
- Support and Resistance: Horizontal Lines, Fibonacci Levels
- Line Chart
- Heikin Ashi
Binomo Botswana has earned the top position among the Binary Options Brokers after it began its operation in 2014. The traders from Botswana can avail a bonus of up to 100%.
- You get access to the free strategies step-by-step guide and more understanding and skills while trading on this platform.
- You can try Binaomo features in a Free Demo Account with $1,000 virtual money.
- You can compete in trading tournaments and earn a prize if you top the list. You trade with Demo Money in a tournament. So, no worries about losing money while participating in tournaments.
After analyzing several factors, we can say that the traders can trust Binomo for trading Binary Options in Botswana.