Binomo Review

Headquartered in Kingstown, Saint Vincent and the Grenadines, Binomo is an innovative trading platform that offers traders access to trade multiple financial instruments — forex, equities, indices, commodities, and more — via an intuitive trading platform. There are various trading account types to choose from with a required minimum deposit of $10 and competitive commission fees.

Binomo Review, Pros & Cons
  • Proprietary trading platform
  • Educational resources
  • Multiple trading instruments
  • Unregulated
  • Located offshore
  • Limited funding methods
  • No standalone trading tools
  • No USA traders

In this detailed Binomo review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Binomo Overview

Founded in 2014, Binomo is an online trading broker that caters to the trading needs of both novice and experienced traders. The broker offers a range of trading services, including professional-level tutorials, analytical services, and client support. The broker has bagged several industry awards in honor of their brokerage services. Some of the awards include the broker of the year 2016 at the IAIR Awards, the best broker for beginners in 2015 at the FE Awards, and more.

Binomo Awards & Recognitions

Binomo Awards & Recognitions

Binomo Regulation

Binomo is a brand owned by Dolphin Corp, a company incorporated under the laws of Saint Vincent and the Grenadines with registration number, 25151 IBC 2018.

There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.

Binomo Countries

Traders from different parts of the globe can open a live trading account with Binomo, provided that doing so would not be contrary to any local laws or regulations.

Some Binomo features and products mentioned within this Binomo review may not be available to traders from certain countries because of legal restrictions.

Binomo Platforms

At Binomo, all trading activities are carried out with an in-house-developed trading platform. The Binomo trading platform offers easy access to all the available financial markets whilst providing several tools for seamless market analysis and trading. The platform is available as a WebTrader that can run directly on most modern web browsers, such as Chrome, Safari, Chrome, and Firefox. There is also a mobile app that is compatible with Android and iOS devices. The mobile app can be freely downloaded from the relevant app stores and used to place trades or check trading positions on the go, as long as there is an internet connection.

Binomo Trading Platform

Binomo Trading Platform

Binomo Trading Tools

There are no standalone trading tools on the broker’s website at the moment.

Binomo Education

The broker’s website has a good selection of learning materials that can improve traders’ trading knowledge. These educational resources include the following: training courses, learning articles, trading guides, news, FAQs, and a glossary of various trading terms along with their detailed explanations.

Binomo Instruments

The broker offers the following trading instruments: forex, equities, indices, commodities, and more.

Binomo Accounts & Fees

The broker offers a choice of three live trading account types. The account types and their corresponding minimum deposit requirements are as follows: Standard ($10), Gold ($500), and VIP ($1,000) Accounts.

As broker fees can vary and change, there may be additional fees that are not listed in this Binomo review. It is imperative to ensure that you check and understand all of the latest information before you open a Binomo broker account for online trading.

Binomo Support

Binomo offers a professional client support team that is always available to respond to clients’ general, technical, and account-related inquiries. The support team can be reached through various contact channels, including email, telephone, and social media, or by visiting their physical office at Kingstown, Saint Vincent and the Grenadines.

Binomo Deposit & Withdrawal

The broker allows traders to deposit and withdraw funds via various credit/debit cards, including MasterCard, Visa, American Express, JCB, UnionPay, and more.

Binomo Deposit & Withdrawal Methods

Binomo Deposit & Withdrawal Methods

Binomo Account Opening

To open an account, click on the ‘SignUp’ button at the top right corner of the broker’s website. Follow the prompts to fill in the registration form.

Binomo Account Opening Page

Binomo Account Opening Page

It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.

Binomo Summary

Binomo is a multi-asset brokerage firm that gives traders access to trade various financial instruments using an in-house-built trading platform that is available in the web and mobile versions. They provide traders with a selection of learning materials and a knowledgeable client support team whilst offering multiple trading account options, with a minimum deposit of $10.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. (replace with brokers disclaimer)

Min $10 Deposit

Binomo is an online trading platform that offers traders access to trade multiple financial instruments including Forex, Equities, Indices & Commodities.

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