Binomo offers progressive trading technologies along with high-quality transparent services. It is a client-oriented company that developed a safe trading platform. With the number increasing every day, hundreds and thousands of people trade daily on the platform. You can find their positive reviews on various forums that are proof of their good experience of making payments and withdrawing funds.
This article will focus on the methods of depositing and withdrawing funds from the Binomo balance along with minimum amounts, limits, and time for withdrawing funds for the traders who want to start trading online.
What methods of deposit and withdrawal does Binomo offer?
It is worth saying that Binomo supports different methods for deposit and withdrawal of funds that are widely used in Qatar. Although there are some rules that you need to follow. We’ll discuss the whole process of investing and withdrawing funds from the platform in the paragraphs below.
Methods of deposit
Binomo offers a fast and convenient deposit process. All you have to do is sign in to Binomo and click the yellow “Deposit” button, followed by entering the necessary information. The details to be entered include selecting a payment method, deposit amount, and finally, making a deposit.
Binomo offers many deposit options on your trading account. You can deposit funds via various payment methods. Popular payment methods in Qatar include MasterCard, VISA, Skrill.
Note! Binomo doesn’t accept payments through PayPal.
On trading successfully and earning additional income on Binomo, the next question that comes to mind is, “How to withdraw money from Binomo?”. So, we’ll talk about how a trader can go through the cash withdrawal process.
- Go to the “Cashier” section and then click “Withdraw funds”.
- Enter the amount you want to withdraw from your Binomo account and choose the payment method.
- Submit your request, and the fund will arrive.
Binomo follows its withdrawal policy while transferring funds into your account. You can get extra income only using the same payment methods that were used for making deposits.
Binomo set the minimum deposit amount for traders as $10. Since the minimum trade amount is $1, it means you can trade even ten times on the platform.
Binomo has a minimum withdrawal amount – it can start from $10 or an amount in Riyals equivalent to it.
Limits and time of withdrawals
All financial operations should be protected and this is why Binomo has set the maximum withdrawal limit:
- no more than $3,000 for a day;
- no more than $10,000 for a week;
- no more than $40,000 per month.
Note! Certain payment providers may have their own limits.
It takes a few minutes to 3 days or more in some cases to withdraw money from Binomo. The time taken for withdrawal depends on the selected payment method and account type. The average withdrawal time for various accounts is:
- Standard Account: Processed within 3 days after the request.
- Gold Account: Processed within 24 hours after the request.
- VIP Account: Processed within 4 hours after the request.
If you have any doubts or unanswered queries, you can go to the Help Center. It contains FAQs that cover all the possible queries you may have. When you have questions that are not answered, contact the Binomo support team via live chat or through email, and the experts will help resolve your doubts.
Binomo withdrawal policy and conditions
You need to follow the rules of Binomo to make sure you understand the whole process of interacting with the platform. Here are some of them:
- The withdrawal request of a trader is processed from a few minutes to 3 days or more. Besides, if the transaction can’t process due to technical issues, the trader can use another withdrawal method that is verified on the account.
- Binomo doesn’t charge any transaction fee. However, if your account has not been active for a long time, then a subscription fee might be implied when you want your funds back.
- Demo account holders can’t withdraw funds as this account has virtual currency. It was designed only for practice and training purposes.
To avoid issues with their accounts and withdrawals, traders should follow the policy and not violate the terms of the Binomo platform.
Binomo cares about its clients. It offers traders the necessary tools and a user-friendly interface to interact with the platform conveniently and have an opportunity to earn some additional income. Therefore, it offers security and comfort when it comes to investments and withdrawals. On Binomo, withdrawal and deposit are serious processes. Traders should follow the rules of the platform to have a good experience.
Always consider the risks of losing your deposit every time you trade. Hopefully, this review of deposit and withdrawal processes will help you to use the platform effectively.