What a small trading account costs

Binomo's help centre states the rule: a right forecast returns the stake plus the percentage shown; a tie returns the stake; a wrong forecast loses it. Its own example uses 80%, and the real figure moves: the percentage varies by asset, by expiry and through the day; a trade keeps the percentage shown when it was opened.

Take the example 80% and the smallest trade, Rs 300. A right forecast returns Rs 540: the Rs 300 stake back plus Rs 240. A wrong one loses the whole Rs 300. So a Rs 300 loss costs Rs 60 more than a Rs 300 win pays, and that gap comes with every trade you open.

At 80% you break even only when 55.6% of your forecasts are right (300 / 540). The full sum is worked through in how to start with little money. Below 80% the win shrinks while the loss stays at the stake, so read the percentage on the trade before you open it.

Binomo's help centre puts the smallest withdrawal at $10 or the equivalent. A balance under that line cannot be taken out at all; it stays in the account. On a small account, a short run of losing trades is enough to put the balance there.

The minimum is a dollar figure or its equivalent in your account currency. The upper limits, up to $3,000 a day, $10,000 a week and $40,000 a month, sit far beyond anything a small account holds.

Set your stop balance, the point where you stop trading, above the withdrawal minimum. Then whatever is left can still come out.

Withdrawal fee: usually none; 10% in some cases. Binomo's help centre names two cases where a 10% fee may apply:

• In some countries one free withdrawal every 24 hours, then 10%.
• Withdrawing a deposit before trading it may cost 10%.

It does not say which rule applies to Pakistan. Until Binomo support tells you, plan as if both do.

The 24-hour rule catches a different habit: taking money out in small pieces. If it covers your account, only the first withdrawal in each 24 hours is free, so make one request for the full amount you want rather than several.

Currency conversion: A payment provider's currency-conversion charge is paid by Binomo and returned to the account. The help centre says this comes up in rare cases. Your own bank may charge its own fees on top; we hold no figures for Pakistani banks.

Binomo: deposits from Rs 3,000, trades from Rs 300. Withdrawals to Pakistani bank accounts. SponsoredSite partner Visit partner

Binomo's help centre: an activated bonus blocks withdrawal until its trading turnover is done, with no time limit. The lock lasts for as long as the turnover is unfinished.

The way back is narrow. A bonus can be cancelled only if no trade has been made since it was credited. After the first trade the choice is made.

Turnover is the trading a bonus asks for before withdrawal opens again. Turnover counts the stake times the percentage, not the stake: a $10 trade at 83% adds $8.30; ties add nothing. Winning and losing trades both count.

So the full deposit traded once in smallest trades produces less turnover than the deposit itself. Set that against the turnover a bonus asks for before you accept one. On a small account you may want to withdraw soon, after a few trades or one good day, so decide before activating: a bonus you never activate cannot lock anything.

Money on its way out is money you cannot use or trade. A withdrawal passes three stages, and Binomo's help centre gives each its own rule.

Status depends on total deposits: Standard from $10 of total deposits, Gold from $500, VIP from $1,000 and a confirmed phone number. An account opened with the minimum deposit is Standard until total deposits reach Gold's level, so plan on the Standard wait: up to 3 days on Standard, then usually 1 to 3 business days to reach a bank account, in rare cases up to 7.

The first withdrawal may also wait for verification: usually under 10 minutes; up to 7 business days if the documents are checked by hand. What it asks for: verification on the Binomo page.

Because a request cannot be cancelled, get the amount right the first time, and count these days back from any date you need the money by.

On all three apps, each losing trade at the smallest size takes a tenth of a minimum deposit. Do the sum in the app's own currency: rupees on Binomo, dollars on the other two. Withdrawal minimums and fees for Expert Option and Olymp Trade: not checked yet.

What smaller sums can do on Binomo.

Withdrawals to Pakistani bank accounts are listed in Binomo's help centre. Details it asks for: A 14-digit account number or a 24-digit IBAN.

1. Write down how much you will trade and deposit only that, since an untraded deposit taken out may cost the fee.
2. Ask Binomo support which withdrawal fee rule applies in Pakistan.
3. Write down your stop balance and keep it above the withdrawal minimum.
4. If a bonus is offered, decide now whether you can wait for its turnover; if not, leave it inactive.
5. Count the Standard approval, the bank days and a possible verification before any date you need the money by.

How to start with little money · Binomo terms in full · All apps on one sheet