A serious attitude to the financial aspect of trading binary options distinguishes a successful trader from a losing one. After all, money is not just a means of payment, but also a whole philosophy, and it does not tolerate a careless attitude. Therefore, when deciding to engage in binary options trading, you should examine the processes, and the terms and conditions related to financial transactions between the broker and the client. Otherwise, you can expect a lot of surprises. Today, we will look at how funds are credited to and withdrawn from a trading account with the Binomo broker.
This process is the initial stage of trading binary options. Transfer of funds to the Binomo broker is available after signing up for an account. When you fill out the form, try not to make any mistakes, as correcting personal client data can cause some difficulties and will take time. In fact, making changes could affect the timing of withdrawals of funds from the trading account. So, we’ve decided to deposit a certain amount of trading capital into our trading account. This process takes place in the broker’s “Cashier” section:
There is a special section called “Deposit Funds.” After opening it, you will find yourself in the Binomo payment terminal, where you can instantly receive information about bonus programs for transferring funds to your account through the payment systems supported by the broker, including: MasterCard, VISA, QIWI, Sberbank Online, Alpha Click, Union Pay, Yandex Money, Neteller, and WebMoney. The choice of payment system is always up to the trader, as client satisfaction is very important to the Binomo broker. After you select the payment system and specify the amount, you will be asked to fill in a simple form for the transfer of funds:
The transfer of funds occurs immediately. Moreover, the client is not charged any fees or additional payments, which happens with many other brokerage companies. It is worth noting the limits for crediting funds to a trading account – the minimum amount that can be transferred to a trading account is 10 USD or 500 rubles. The maximum amount is 10,000 USD or 200,000 rubles. These restrictions are due to trading risks existing in binary options trading. Try to use the same payment system and details that you will later use to make withdrawals of funds from the trading account.
After earning a certain hefty amount of money and seeing a sum with lots of zeros on the end show up on your trading terminal, you will surely feel some satisfaction, but to really feel it, you need to monetize that figure on the terminal into real money. To do this, use the Binomo company’s withdrawal service, which is also located in the “Cashier” section.
The broker has tried to make this process as simple and understandable as possible. You only need to specify the amount for withdrawal, the payment details for the transfer, and indicate the reason for the withdrawal in the comments. The comment does not affect anything – it is a simple opinion poll used by the broker to improve the quality of their services for its clients. In the “Withdrawal method” field, you will automatically be given the details that you used when transferring funds. If you are not going to change them, it means the withdrawal will be as fast as possible. If you change the details, the broker may request additional confirmation of your identity to protect your assets from fraudsters. According to the client agreement, the period for client withdrawal of profit funds is 24 hours. But usually, the broker carries out the operation in 3-4 hours, which is a record withdrawal time among brokerage firms. Delays only occur if the transaction arouses suspicion from the broker’s security team. Withdrawal of funds can incur fees, for example, if the withdrawal is made immediately after the deposit, the commission is 10%. In principle, this is not the broker’s commission, but that of the payment system through which the financial transaction is carried out. If the withdrawal takes place after trading binary options, the Binomo broker fully compensates you for any commission from payment systems.
To sum up, we can clearly say that the Binomo broker not only teaches the trader the right financial discipline, but also provides its clients with highly professional financial services. Moreover, no client using the Binomo broker’s services would be able to question the cleanliness of financial relationships between the broker and its clients.
Lastly, we want to note that if any questions arise related to financial transactions on the Binomo broker’s website, you can easily consult the FAQ section, which has a whole section devoted to this topic: