Binomo Bonus Code - up to 70% Welcome Bonus

Binomo features a tiered welcome bonus for first-time deposits ranging from 20% to 70% (based on your deposit amount) and promo code bonuses for existing users.

Claim your Binomo welcome bonus without a promo code by opening a new Binomo account through this link and making your first deposit.

Below is a breakdown of the bonuses available in Binomo and the minimum first-time deposit (FTD) requirements:

Note that there is no maximum cap for the welcome bonus you can receive, e.g if you deposit $50.000 via Ethereum, you will receive a $35.000 (70%) welcome bonus.

In this article, we go through the process of claiming your Binomo welcome bonus, analyze its terms and conditions, and explain why using a promo code is not entirely risk-free.

How to Activate Your Binomo Welcome Bonus?

Claiming the welcome bonus on Binomo is simple because you don’t need a promo code to activate it. Here's a step-by-step guide to activating your bonus:

Step 1:

Go to the Binomo website using this exclusive link. Click on the “Sign Up” button to register for a new real trading account. Fill in the required details or register using your Facebook or Google account. Choose your account currency and agree to the terms of service.

Important: Bonuses are only available for new Binomo accounts.

Step 2: 

After completing the tutorial, select “Real Account” to make your first deposit.

Step 3: 

Pick the country of your location to open the available payment methods. Enter the amount you would like to deposit once you’ve chosen a payment method.

Step 4: 
Select “Deposit bonus” and make sure you meet the minimum deposit requirements to qualify for different bonus levels.

Note: Not all payment methods offer the same bonuses. For example:

• Bitcoin, Ethereum, Telegram Wallet, and Binance Pay offer 30% - 70% welcome bonuses.
• Visa, Mastercard, and some e-payment systems (GCash and Maya) offer 20% - 50% welcome bonuses.
• Depending on the country, some domestic banks offer 20% - 70% welcome bonus.

Step 5: (Optional)
Occasionally, Binomo gives away promo codes for existing traders. If you have such a bonus code, select “Promo code bonus” and enter it on the empty field.

Step 6: 
Enter the necessary details, like email, contact number, account number, or crypto wallet address, etc. to complete the process. Before finalizing your payment, confirm that the bonus has been applied. You will see the total amount credited to your account, including the bonus.

Most deposits are processed instantly, but some methods, such as bank transfers, may take up to 24 hours.

Common Binomo Promo Code Issues

Although Binomo users don't experience significant promo code issues, below are some problems you may encounter, along with simple explanations and troubleshooting steps to resolve them:

1. Promo Code Not Working

The promo code may not work because the code might be expired, entered incorrectly, or not eligible for your deposit amount.

So when you enter a promo code, always double-check for typos and ensure that  your deposit meets the minimum amount required for the bonus (e.g., $20 for binomogtr12).

Also verify the promo code’s validity period as expired codes cannot be redeemed.

2. Bonus Funds Not Showing in Your Account

If your bonus fund did not show in your account, it may be caused by slight delays. Although most transfers are being processed instantly, some payment methods, like bank transfer, may take up to 1 hour.

If you did not meet the minimum amount or expired promo code, the deposit request will not proceed. So funds not showing in your account due to a failed application can only happen if you selected “Without a bonus” by accident. If the issue persists, contact Binomo support for assistance.

3. Cannot Withdraw Bonus Funds

Bonuses on Binomo are for trading purposes only, you can’t withdraw them. It’s also worth noting that you also can’t request money withdrawals until you have met the bonus turnover requirements. In the next section, we will explain what these requirements are.

Binomo Bonus Terms and Conditions

Most binary options brokers, like Binomo, have strict bonus terms and conditions, so it’s important to understand what you can and can’t do with the bonus money.

Bonus Trading Turnover

Binomo has a trading turnover requirement for all bonuses, which is essentially the minimum trading volume you must achieve before you can withdraw any funds associated with the bonus. This ensures that bonuses are actively used for trading rather than traders immediately withdrawing them.

• If you received a welcome bonus less then 50%, your trading turnover requirement is 35x the bonus amount.
• If you received a welcome bonus equal or greater than 50%, your trading turnover requirement is 40x the bonus amount.

Example:

If you made a first deposit of $200 and received a 50% welcome bonus (so $100 bonus amount), you won’t be able to request a money withdrawal until you executed trades totaling $4,000 in volume (40 x $100).

You can track your progress towards the bonus turnover requirement by clicking on the “Bonuses” menu.

Limits and Cancellation

Binomo bonuses come with certain limitations, like trades with zero results in Fixed-Time Trading (FTT) mechanics and trades in Dynamic Range Trading (DRT) mechanics do not count towards the bonus turnover requirement.

Both successful and unsuccessful trades contribute to the turnover requirement, however, only the profitability of the asset is considered—not the amount invested into the trade.

If you decide to cancel the bonus, you have to contact Binomo’s support, but only if no trades have been made after the bonus was credited.

What are the Risks of Using Binomo Promo Codes?

While you can take advantage of Binomo promo codes and bonuses can boost your trading capital, they come with certain risks that we have listed below:

1. Risk of Overtrading

The desire to meet bonus turnover requirements may push you into trades you wouldn’t normally take. Overtrading can quickly make you lose money and deplete your capital, so we suggest you to always stick to your trading strategy and use proper risk management.

2. Risk of Big Deposits Without Understanding Terms

Bonuses often increase with higher deposit amounts, but these attractive bonus percentages can convince you to deposit more funds:

For example, depositing $1,000 to claim a 60% bonus might not align with your risk tolerance or trading goals, especially if you’re still learning online trading.

3. False Sense of Financial Security

Bonuses can create a false sense of financial security, as you may feel that you have “extra” money to experiment with due to the bonus.

Conclusion – Should You Use Binomo Bonuses?

Binomo bonuses can significantly boost your trading capital, but they cannot be withdrawn and come with strict turnover requirements and limitations. If you decide to use a bonus, always read Binomo client agreement, to ensure you fully understand the conditions.

When using the Binomo welcome bonus, avoid overtrading or depositing large amounts just to claim bigger bonuses, and always stick to your original trading strategy. Bonuses are helpful at trading, but profitability should remain your primary goal.

It’s also important to note that Binomo is an unregulated binary options broker so there is no regulatory oversight about the offered bonuses and its terms. If you’re looking for a safer and more regulated alternative that offers similar functionality to Binomo, try Olymptrade instead.