Have you decided to use Binomo bonuses to boost your deposit? For starters, it is important to familiarize yourself with the Binomo bonus program terms and conditions. Their rules specify how much you must trade to withdraw your bonus funds.
Before accepting your next Binomo bonus, read through the details briefly. We’ve broken down Binomo bonuses terms and conditions into easy-to-understand language so you can make the most of their offers. Let’s dive in and learn how to use the bonuses to your advantage.
Binomo Bonus Terms and Conditions: An Overview
Bonuses are designed to increase your trading potential. It is a gift from Binomo, not an obligation to you. The Binomo bonus terms and conditions overview will help you understand exactly how the bonus offers work so you can take full advantage.
Welcome Bonus and Other Ones
When you sign up for a Binomo account and make your first deposit, you’ll receive a welcome bonus equal to 50% of your deposit amount. These funds can be traded on the platform just like your real money balance. The only catch is that you must meet the required trading turnover before placing a withdrawal.
There are other Binomo bonuses: no deposit bonus, deposit bonus, and others. But their essence remains the same – the ability to increase your deposit.
Trading Turnover Requirements
To be able to withdraw your bonus funds, you must achieve a specific trading turnover. To calculate the required trading turnover, you need to multiply the leverage of the bonus by its amount.
If the bonus leverage is not specified, then it should be calculated as follows:
- 40 — For bonuses that are more than 50% of the deposit made when using the bonus and no deposit bonuses;
- 35 — For bonuses that are less than 50% of the deposit made when using the bonus.
The trading turnover is calculated as your deposit plus bonus amount multiplied by the turnover coefficient, which in our case, equal x35. For example, you deposited $100 and received a $20 bonus. Your required trading turnover would be $100 + $20 = $120 x 35 = $4,200.
Trading turnover is calculated based on the total amount of your trades, not the amount you profit or lose. So as long as you stay actively trading, you can reach the turnover requirement easily. If you don’t, you cannot withdraw your funds.
Withdrawing Bonus Funds
You can withdraw the bonus amount anytime once you’ve met the trading turnover requirements. Remember, processing withdrawal requests will take up to 3 business days. You’ll also need to verify your identity by providing a photo ID and payment method before making your first withdrawal.
While bonus offers seem tempting, fully understand the terms before accepting one. As with any broker, there are certain conditions you must meet to benefit from their promotions. But if you stay actively engaged, the Binomo bonus program can be an easy way to gain extra trading funds.
Note! If your account balance drops below the minimum investment amount for a trade, the bonus will be reset to zero.
Activating Your Binomo Bonus
To activate your Binomo bonus, you must register for a Binomo account and make your initial deposit. Once you’ve funded your account, your welcome bonus will be automatically credited.
If you already have a Binomo account and received a bonus code as part of the promotion, add it to the special box when depositing. It will increase by the amount specified in the promotion.
If you are a VIP trader and received a gift from your manager in the form of a certain amount (no deposit bonus), pick it up in your account’s “Bonuses” section. They will be credited to your account instantly.
Some bonuses that you received as part of the promotion also need to be activated the promotion is still ongoing. To receive your gift no deposit bonuses, you need to activate them within three days of when they were added to your account.
Please note that only one bonus can be active on your account at a time. If you currently have an active bonus, you cannot activate another one until the mandatory trading turnover requirement for the existing bonus has been fulfilled.
Binomo Bonus Requirements
To withdraw bonus funds and any profit from them, you need to comply with the Binomo bonus program terms and conditions. They determine the leverage and amount you must trade within the required trading turnover.
Trading Turnover Requirements
With Binomo, you must achieve a trading turnover of 35-40 times the bonus amount. For example, if you deposit 500$ and receive a 50% bonus or $250, you would need to achieve a total trading turnover of $500 + $250 = $750 x 40 = $30,000 before withdrawing the bonus.
You should also consider some of the Binomo bonus program terms and conditions:
- Unless otherwise stated, you can only receive bonus funds once, subject to the promotion terms.
- Binomo calculates your trading turnover as the total amount of your trades (successful and not), not the amount of money you deposit or withdraw.
- Binomo doesn’t restrict the type of trades or time period for meeting the turnover requirement.
- Check your account dashboard to see your progress toward meeting the turnover requirement. Binomo updates it in real time as you make trades. Your funds will be available for withdrawal once you achieve the full x35 or x40 turnover.
You can claim these generous offers worry-free by understanding the ins and outs of Binomo’s bonus requirements. Start trading actively and consistently to unlock your bonus funds and turn them into real withdrawable money!
Withdrawing Your Binomo Bonus Funds
Withdrawing the bonus funds you’ve earned on Binomo requires meeting certain conditions. Let’s walk through the steps to access your bonus cash.
To withdraw your Binomo bonus, you must first make a certain trading turnover to release the bonus funds. It depends on the specific Binomo bonus offer, so check the terms and conditions for the offer you received.
Once you’ve reached the required trading turnover, your bonus funds will be released and available for withdrawal.
For example, if you deposited $120, then a bonus of 30% of the deposit made is available to you. If you accept it, your account balance will be $120 + $36 = $156. Since the deposit bonus was less than 30%, the leverage is 35. Accordingly, you must make the following trading turnover to withdraw your money: $156 x 35 = $5460.
Your withdrawal request will usually be processed within 1 to 3 business days. The time can vary depending on the payment method and your account status. During processing, your withdrawal status will show as “Pending”. Once processed, the status will update to “Complete”, and the funds will be credited to your e-wallet or bank account.
FAQ: Binomo Bonus Terms and Conditions
Have questions about Binomo’s bonus terms and conditions? You’re not alone. Binomo offers generous signup bonuses and promotions, but the fine print can be confusing. Here are some common questions and answers to help clarify the bonus policy.
What’s the minimum deposit to get a bonus?
To receive most Binomo bonuses, you’ll need to make an initial deposit of at least $10. Some promotions may require a larger deposit, so always check the specific terms for the bonus you want to claim.
Do I have to accept the bonus?
No, accepting a bonus from Binomo is optional. If you don’t want to be subject to the trading requirements or other terms, you can opt out of the bonus when depositing. Just select “no bonus” during the deposit process. You can still take advantage of any promotions Binomo offers that don’t require a bonus.
Can I withdraw money before meeting the requirements?
You cannot withdraw any funds from your Binomo account before meeting the trading turnover requirements tied to your bonus.
Now you have the lowdown on Binomo’s bonus terms and conditions. The bottom line is, if you want to take advantage of their offers, make sure you understand all the fine print first. Otherwise, you could be disappointed when you try to withdraw your funds. If you go in with realistic expectations about their terms and conditions, you’ll be in a much better position to leverage Binomo bonuses to your benefit. But ultimately, the choice is yours. You’ve got the info – now you decide.