Binomo is a popular binary options trading platform on the internet. Binomo provides a simple and user-friendly trading platform. By creating a Binomo demo account with the broker, a user, even a novice, could have free access to all of the trading tools.
You can make money on this site. However, this might be frightening because the odds of losing are equally high. As a result, Binomo allows users to create a demo account to practise trading before investing real money.
Open Binomo Demo account on WEB
To open a Binomo demo account, go to the binomo website. Scroll down a little bit and you’ll see a yellow TRY IT button. Click on it to open a Binomo demo account.
You can see a dialog box open up on the extreme left. Under the Registration tab, fill out your email ID and enter a new password for your account. Now, choose your currency and check the terms and conditions checkbox. Once you’re done, click on Create account.
Alternatively, you can also login via your gmail account or facebook account.
Once that’s done, you will automatically be logged into your demo account and you can see the dashboard.
Open Binomo Demo account on Android
Go to the Android play store and search for Binomo. Once you find the app, click on Install to download the app to your Android phone.
After the app is installed, click on Open to launch the app. Tap on Sign up to create a new account.
Enter your email ID and enter a new password for your account. Then, click on Sign up to create your Binomo demo account.
Now wait for your account to be created.
Your account will be created and you will automatically be taken to your demo account dashboard.
Open Binomo Demo account on iOS
The process is very similar to an Android phone. Go to the app store and search for Binomo. Click on Get app to download the Binomo app onto your iOS phone. Click on Sign up and enter your email ID and password. Click on the yellow Sign up button now to create a demo account. You will automatically be taken to your demo account.
Binomo Demo trading on WEB
The first step is to choose your assent. By default, it’s the Crypto IDX.
Once you click the dropdown, you can see the list of assets available for you. Choose a suitable asset for you.
Then, on the left side, you can see you’ll be credited with 65,000 in your demo account. Below which you can see Amount and Time fields. Choose the amount you’d like to invest and set the time to when you want to predict.
Now below which you can see two buttons, green and red. If you click on the green button, it means you’re predicting that the price would go up at your selected time. If you click on the red button, you’re predicting that the price would go down at your selected time. Make your prediction.
Once you make your prediction, you can see the price tag on your dashboard.
If you made the right prediction, you’d receive the profit based on which asset you chose. You can see that money added to your demo account’s money.
Binomo Demo Trading on Android
This is similar to trading on the web. You pick an asset, choose a time, select an amount, and make your prediction.
Binomo Demo trading on iOS
Similar to the above methods, you choose an asset you desire. You pick a time and amount. Now, you will make a prediction, based on which you’ll have a profit or loss.
Is Demo Account Free on Binomo?
Yes, the Binomo demo account is absolutely free of cost. You’ll only have to invest money when you start your real trading. For the demo account, Binomo gives you fake money to play around and learn trading.
Binomo Demo account advantages
Binomo’s demo account allows you to practice before you get to handling your real money. This drastically increases your confidence when you start trading with your real money. Most importantly, you can learn without fear of losing your money.
Another biggest advantage is that the Binomo demo account is completely free of cost. You don’t have to pay or invest any of your real money to get started. All you need to do is register yourself and get started.
How to operate Binomo DEMO
It is quite easy to operate the demo account on Binomo. All you need to do is create an account on BInomo. Choose an asset, pick an amount and time, make your prediction. That’s it!
If your prediction is right, you get a profit based on the asset you chose. If your prediction is wrong, you lose the money you invested.
Log into Binomo Demo account
When you go into the website or mobile app, you just need to tap on Log in instead of Sign up to log into your demo account.
Demo or Real Binomo Account?
If you’re well-versed with investing and you think you already get the hang of the platform, you can start with a real account. However, even if you’re a little doubtful, you should most definitely use a demo account to get the hang of Binomo before you start trading with your real money. After some practice when you’re more confident, you can switch to a real account easily.