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We live in an expensive world and with inflation on the rise, there’s a dire need to supplement your primary income. This isn’t only about fulfilling daily needs, but also about bringing all your dreams to life. After all, who doesn’t want to tick off their wishlist, right? You may have thought several times about side hustles, but how safe are they? Also, do you have too much time to spare? While there are many options available at hand, one could try and give online trading a shot to witness the possibilities that lie ahead.

So, what exactly is online trading, and who can go for it? Is it safe? What are the benefits? This piece will tell you everything right here!

All about online trading

Everyone wants to know how to minimize trading risks, whether you are a first-time trader or a professional, right? Those who prefer low-risk trading can go for long-term investments, but be prepared that your additional income may not be as high as you expected. However, in the case of short-term trading, the returns may be rewarding but the risk is quite high. But what if it was possible to know about gains and losses, before you trade? That’s possible when you use a fast-moving trading platform like Binomo.

Here, you can make forecasts on various financial instruments within a stipulated time period. In case your forecast is correct, you can get up to 90 percent of trade profitability. Over a period of time, you can access exclusive trading tools and related content to become a Binomist.

How does Binomo really work?

On Binomo, you can experience fixed-time trading or FTT, which means that you decide whether a certain asset will be above or below a point, over a specific period. In case it’s a tie, you won’t have to worry about any gains or losses. But what if your prediction is incorrect? Your initial investment will be wiped off! What sets it apart from the rest is how you will always know how much you stand to lose or gain, at the time of investment.

Is being good at trading all about luck?

The answer is a big NO! Although there are several people who believe that it is sheer luck to do well in online trading, it is important to realise that it involves financial analytics. It really isn’t about luck at all! As you continue to trade, you will learn all the tips, and understand things better than before. One of the most unique features of Binomo is that when you register yourself, you get access to a demo account, in order to trade with virtual funds. So, take all the time you need to be acquainted with online trading before you take a leap into real-time trading.

Once you are confident in your skills, pick between the Standard, Gold, and VIP status. If you want to acquire the Standard status, a total deposit of $10 (or an equivalent amount in the account) is required; in the case of the Gold status, a total deposit of $500 (or an equivalent amount in the account) is essential. Is VIP status on your mind? Binomo is announcing a limited-time offer to spend a day as a VIP trader. On June 17th, anyone can become a VIP trader to explore the premium benefits and rare assets unavailable to other statuses. VIPs can get cashback on their trades and compete against each other in a private tournament. To enjoy this promotion, demo traders should make a deposit no later than 16.06.22, 23:59 UTC, to spend the whole day on June 17th as a VIP trader. Traders with real accounts do not need to do anything extra to enjoy the promotion. Your benefits are all dependent on your status — those who have a higher status have greater benefits!

A safe and secure platform

People around the world get anxious at the thought of trading online. What if they are duped? Will they ever get their funds back? But these concerns will be taken care of by Binomo. Their interface uses SSL protocol, in order to ensure that all the data is encrypted. Furthermore, as a category “A" member of the International Financial Commission, it ensures greater transparency in services. You can also access the Compensation Fund which offers protection up to €20,000 per case, if a member refuses to follow a Financial Commission judgment.

Binomo ensures the utmost security of its members by verifying the identity of every individual who chooses to be a part of the platform.

Is there anything else to know?

Access the platform at your convenience, 24x7. The best part is you can try it out in multiple languages such as Hindi and English. If you find yourself looking for any assistance, there’s a text chatbot that will come to your rescue. What’s more, you can use popular payment options like bank cards, non-personalized cards, internet banking, Ola Money, and QR code, to name a few.

Excited much? It’s time to start online trading with Binomo now.

Check out Binomo’s special promotions VIP for a day where you can try VIP tier benefits for a day and iTrade where you can win one of the new iPhones and Binomo Blog.

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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