Binomo can be described as low risk and has an overall rating of 6 out of 10.
Binomo offers comprehensive customer support with a minimum deposit amount of $10/R160 and is regulated by FMRRC.
🛡️ 7856 new traders chose this broker in the last 90 days.
🛡️ Available for South African Traders 🇿🇦
| 🔍 Feature |  |
| 💰Minimum Deposit | $10 for Standard account; higher tiers available from $500 (Gold) and $1,000 (VIP) |
| 🎁Sign-Up Bonus | Varies by promotions; typically 25% to 100% bonus on first deposit |
| 💸Fees | No deposit fees; withdrawal fees may apply depending on method and region |
| 📉Spreads & Commissions | Fixed-time trades; profits up to 90% per trade, no traditional spreads |
| 💳Deposit & Withdrawals | Supports bank cards, e-wallets, crypto (varies by region); withdrawals take 1–3 days |
| 🖥️Platforms | Web browser, Android & iOS mobile apps, and PWA (Progressive Web App) |
| 🛡️Regulation | Member of IFC (Category A); registered in St. Vincent and the Grenadines |
| 🔐Trust Score | Medium—due to limited regulatory oversight and offshore registration |
| ⏱️Payout Schedule | Withdrawals processed within 3 business days; faster for Gold and VIP users |
| 📞Binomo discord server | Binomo does not offer an official Discord server |
| 📝Sign up | 👉 Open Account |
Binomo Spider Chart
Binomo Spider Chart Ratings
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low minimum deposit ($10) | Limited asset variety for trading |
| User-friendly platform and mobile apps | No desktop software, only web and app |
| Free demo account for practice | Limited regulation and oversight |
| Reliable and relatively fast withdrawals | Spreads and fees can be higher than some competitors |
Overview
- According to research in South Africa, Binomo is a forex broker that was founded in 2014 and is based in Cyprus.
- Binomo is a binary options broker registered in St. Vincent and the Grenadines under the trading name of Dolphin Corporation.
- Binomo offers comprehensive customer support and an outstanding mobile trading experience for those who like to trade the markets on the move.
Featured Offered
- Binomo offers several key features for traders, including a low minimum deposit, a free demo account for practice, and access to fixed-time trades across various assets.
- The platform also hosts trading tournaments, adding extra opportunities for experienced users.
| 🧩 Feature | 📊 Details |
| 🏦 Account Types | Standard, Gold, VIP, and Prestige accounts with varying benefits and minimum deposits |
| ⚖️ Leverage | Not explicitly specified on the website |
| 📉 Spreads & Commissions | Fixed-time trades with potential profits up to 90%; no traditional spreads or commissions |
| 🌐 Instruments Offered | Limited selection including currencies, commodities, indices, and some cryptocurrencies |
| 🖥️ Trading Platforms | Web platform, iOS & Android mobile apps, and Progressive Web App (PWA) |
| ☪️ Islamic (Swap-Free) Accounts | Not officially offered |
| 🖧 Free VPS Hosting | Not provided |
| 👥 Copy Trading | Not available |
| 🛡️ Client Fund Security | Segregated accounts, encryption, and IFC membership for dispute resolution |
| 📋 Regulatory Oversight | Registered in St. Vincent & the Grenadines; IFC Category A member; no major financial regulator |
Binomo Customer Reviews
- Binomo customer reviews are mixed.
- Many users appreciate the platform’s simple interface, fast withdrawals, and helpful demo account.
- However, others express concerns about limited asset options and a lack of strong regulation.
- Overall, experienced traders tend to find more value in the platform.
| 🔍Aspect | 🔖Details |
| 🌟Overall Rating | 3.5 to 4 out of 5 stars across various review sites |
| 👏Customer Satisfaction | Positive feedback on ease of use and demo account; some complaints about withdrawals and asset variety |
| 📞Customer Service | Generally responsive but occasional delays reported |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | Mixed reviews; praised for platform usability, some complaints about withdrawal delays | ⭐⭐⭐⭐☆☆☆☆☆☆ |
 | Users highlight helpful demo account but warn about limited asset choices | ⭐⭐⭐⭐☆☆☆☆☆☆ |
 | Positive interface feedback, some concerns over customer support responsiveness | ⭐⭐⭐⭐☆☆☆☆☆☆ |
 | Generally positive app ratings; users note ease of use but report occasional bugs | ⭐⭐⭐⭐⭐☆☆☆☆☆ |
 | Mixed; praises for quick withdrawals, criticisms on limited asset range | ⭐⭐⭐⭐☆☆☆☆☆☆ |
 | Balanced reviews with good platform experience, but regulatory concerns mentioned | ⭐⭐⭐⭐☆☆☆☆☆☆ |
Binomo Safety and Security
- Binomo provides basic safety measures, including SSL encryption, to protect user data and secure transactions.
- It is a Category “A” member of the International Financial Commission, offering limited dispute resolution.
- However, it lacks regulation from major financial authorities, which may raise concerns for some users.
| 🛡️ Security Feature | ✅ Description |
| 💼 Regulation & Licensing | Member of the International Financial Commission (IFC) Category A; registered in St. Vincent & the Grenadines but not licensed by major regulators |
| 🏦 Segregated Client Accounts | Client funds are kept separate from company operational accounts to protect traders’ money |
| 📝 Lloyd’s of London Insurance | No publicly available information about Lloyd’s insurance coverage for client funds |
| 🔐 Capital Strength & Credit Rating | No official credit rating or capital strength information disclosed |
| 🔒 Account-Level Security (Crypto) | Uses encryption protocols, including SSL and two-factor authentication for securing accounts |
| 📈 Negative Balance Protection | Not explicitly mentioned or guaranteed by Binomo |
| 🧾 Transparent Compliance & Audits | Undergoes monthly audits by VerifyMyTrade to verify trade execution quality |
Binomo at a glance
| 🔍 Broker's Name | |
| 📍 Headquartered | Cyprus |
| 📅 Year Founded | 2014 |
| ⚖️ Regulating Authorities | FMRRC |
| 🌐 Countries not accepted for trade | US and some EU countries |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | N/A |
| 💰 Minimum Deposit | 10 USD/R160 |
| 💳 Deposit Options | Visa and MasterCard cards, WebMoney, Yandex Money, Skrill, Bank wire transfer |
| 💳 Withdrawal Options | Visa and MasterCard cards, WebMoney, Yandex Money, Skrill, Bank wire transfer |
| 💻 Platform Types | Binomo Proprietary Trading Software, Mobile App |
| 📱 OS Compatibility | iOS and Android |
| 📈 Tradable assets offered | Currency pairs, Indices, Cryptocurrency, Stocks, Commodities. |
| 👨💼 Languages supported on Website | English, Spanish, Indonesian, Korean, Malaysian, Portuguese, Romanian, Russian, Thai, Turkish, Vietnamese, Chinese |
| 👥 Customer Support Languages | English, Spanish, Indonesian, Korean, Malaysian, Portuguese, Romanian, Russian, Thai, Turkish, Vietnamese, Chinese |
| 📆 Customer Service Hours | 24/7 |
| 📝Sign up | 👉 Open Account |
Binomo Accounts
- A forex account at Binomo is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading in currencies.
- Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.
- Often, the number and type of accounts that a trader can open with a broker differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
Demo Account
- The Binomo demo account is free and preloaded with $10,000 in virtual funds.
- It allows users to practice trading strategies and explore the platform’s features without any financial risk, making it ideal for beginners to build confidence.
Standard Account
- The Standard account is activated with a minimum deposit of $10.
- It offers access to up to 48 assets, withdrawals within three days, and up to 100% deposit bonuses.
- It’s suitable for casual traders looking for basic platform features.
Gold Account
- With a $500 total deposit, the Gold account provides access to more assets, faster withdrawals within 24 hours, up to 150% bonuses, and 5% weekly cashback.
- It includes a personal account manager and suits more active and experienced traders.
VIP Account
- The VIP account unlocks with a $1,000 deposit and offers premium features like 4-hour withdrawals, up to 90% profitability, 200% bonuses, 10% cashback, and risk-free trades.
- It’s designed for serious traders who want top-tier support and benefits.
Prestige Club Account
- This exclusive tier is for clients depositing over $3,000 monthly.
- It includes all VIP benefits plus enhanced perks like 300% deposit bonuses, premium insurance, advanced cashback options, and access to elite tournaments, making it ideal for high-volume traders.
How to open an account with Binomo
- As with a bank, to register a forex trading account with Binomo for the first time, you will be required to go through a basic “know your customer” process.
- This will allow Binomo to ascertain that your submitted details are correct and ensure the safety of your funds and account details.
Step 1 – Go to the official Binomo website
- Access their homepage and click on the Sign in button.
Step 2 – Fill out the form
- Provide your name, phone number, and email address.
Binomo Fees
- Binomo has no deposit or trading fees for fixed-time trades, but some withdrawals may incur a 2–10% fee.
- A 10% charge applies if funds are withdrawn before trading twice the deposit. Inactive accounts may face a $30 monthly fee.
| 📌 Broker | Binomo |
| 📈 Trading Fees Class | Fixed-time trades with no traditional commissions; profit depends on trade outcome (up to ~90%) |
| 💰 Required Min Deposit | $10 |
| 🔁 Withdrawal Fee | Generally no fee, but some payment methods or regions may charge small fees |
| 💳 Deposit Fees | Typically no fees for deposits |
| 📝 Average Spread | No traditional spreads since trades are fixed-time options rather than forex spreads |
Binomo Trading platforms
- Binomo offers a user-friendly trading platform available through web browsers, mobile apps (iOS and Android), and a progressive web app (PWA).
- The web version provides full access to trading tools, technical indicators, and features like tournaments and an economic calendar.
- The mobile apps allow traders to manage accounts and place trades on the go, though they have slightly fewer charting tools than the desktop version.
| 🔎 🖥️ Platform | 🔧Features |
| 🌐 Web Browser | Full tools, charts, indicators, economic calendar |
| 📱 Mobile App | On‑the‑go trading, demo & real accounts, tournaments |
| ⚡ Web App (PWA) | Fast launch, saves preferences |
| 📝Sign up | 👉 Open Account |
Binomo Deposit and Withdrawal
- Accounts usually require a certain minimum initial deposit, which can be paid in several ways.
- Withdrawals can usually be made through the same avenues as deposits, but this may differ from one broker to the next.
Binomo requires a minimum deposit of 10 USD and offers the following deposit and withdrawal methods:
- Visa and MasterCard cards
- WebMoney
- Yandex Money
- Skrill, and
- Bank wire transfer
Deposit Method:
| 📥 Deposit Method | ⚡ Speed | 💸 Fees |
| 💳 Credit / Debit Card | Instant to a few minutes | Usually no fees |
| 🏦 Bank Transfer (Wire/SWIFT) | 1–3 business days | May include bank fees |
| 🌐 E-Wallets (Skrill, Neteller, etc.) | Instant or within hours | Typically free |
| ₿ Cryptocurrency (BTC, USDT) | Within minutes to 1 hour | Network fees may apply |
| 💶 SEPA (Eurozone only) | 1–2 business days | Low to no fees |
| 📝Sign up | 👉 Open Account | 👉 Open Account |
Withdrawal Method:
| 📤 Withdrawal Method | ⚡ Speed | 💸 Fees |
| 🏦 Bank Transfer | 1–3 business days | May include bank or intermediary fees |
| 💳 Credit / Debit Card | 1–3 business days | Usually free or minimal fees |
| 🌐 E-Wallets | Within hours to 1 day | Typically free |
| ₿ Cryptocurrency | Within minutes to 1 hour | Network fees may apply |
| 🔄 Local Payment Solutions & Regional Wallets | 1–2 business days | Fees vary by provider and region |
| 📝Sign up | 👉 Open Account | 👉 Open Account |
Binomo Minimum Deposit
- Binomo’s minimum deposit is just $10 (or equivalent in your account’s currency), making it accessible for both beginners and experienced traders.
- This initial deposit unlocks the Standard account, with higher tiers Gold ($500), VIP ($1,000), and Prestige ($3,000/month) offering enhanced features like faster withdrawals, exclusive bonuses, and access to more assets
Binomo vs ARUM Capital vs ACFX – A Comparison
| 🔎 Broker | |  |  |
| 💰 Minimum Deposit | 10 USD/R160 | $500/R8 000 | $50/R800 |
| 📝 Sign-Up Bonus | - | No | Yes |
| ➕ Max. Leverage | - | 1:100 | 1:500 |
| 💵 Currency Pairs | AUD/USD and GBP/USD | 70 | 50 |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Binomo Leverage
- Leverage lets you control a larger trade size than your actual deposit, increasing both potential profits and losses.
- It’s shown as a ratio, like 100:1 or 500:1. Margin is the required deposit to cover risks, usually a small percentage of the trade size.
- For example, a 1% margin on a $1,000,000 position means a $10,000 deposit.
Customer Reviews
⭐ Aristos Panteli, Senior Account Manager
Aristos Panteli combines deep market insight with a personable approach, guiding clients through complex trading decisions while keeping risk management front and centre.
His proactive updates and clear explanations help traders feel confident and stay focused on long‑term growth.
⭐ Great assistance from Aristos Panteli!
Clients consistently praise Aristos for his swift, solutions‑oriented support.
Whether troubleshooting platform issues or clarifying strategy questions, he responds quickly and tailors advice to individual goals, turning potential hurdles into seamless trading experiences.
⭐ I have worked with many different…
Having partnered with various brokers and account managers over the years, I’ve found Aristos Panteli uniquely attentive and detail‑oriented.
His blend of professionalism and genuine care sets a higher standard, proving that expert guidance can still feel personalised and approachable.
Conclusion
Binomo is best suited for experienced traders, offering a low minimum deposit, a user-friendly platform, and a helpful demo account.
While it provides reliable withdrawals and value-adding tournaments, it has limited tradable assets and no desktop software, only an app and web access.
Customer support is reasonable, and the mobile experience is ideal for trading on the go.
Disclaimer
Binomo warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors.
Before deciding to trade with Binomo, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
Binomo warns that margin trading involves the potential for profit as well as the risk of loss.
Movements in the price of foreign exchange and commodities are very unpredictable; hence, Binomo cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently asked questions
What is Binomo?
Binomo is an online trading platform that offers fixed-time trades on various financial assets such as currencies, commodities, and indices. It allows traders to predict price movements and potentially earn profits based on market trends and analysis.
Is Binomo a regulated trading platform?
Binomo is a Category “A” member of the International Financial Commission (IFC), which provides limited regulatory oversight. However, it is not regulated by any major financial authority, so users should exercise caution and conduct independent research.
How do I create an account on Binomo?
To create a Binomo account, visit the official website, click “Sign Up,” and enter your email, password, and preferred currency. After agreeing to the terms, you can start using the demo account or deposit funds to begin trading.
What types of accounts does Binomo offer?
Binomo offers three main account types: Standard, Gold, and VIP. Each provides increasing benefits such as faster withdrawals, higher bonuses, and access to exclusive features like personal managers and advanced educational materials for experienced traders.
What is the minimum deposit on Binomo?
The minimum deposit on Binomo varies by account type and location, but usually starts at $10. This low entry point allows new traders to begin trading with a small investment and gradually increase their capital and experience.
How does Binomo’s demo account work?
Binomo offers a free demo account funded with virtual money, allowing users to practice trading strategies without financial risk. It’s ideal for beginners to learn platform navigation and develop their skills before investing real funds in live trades.
How can I withdraw funds from Binomo?
To withdraw funds, go to the “Cashier” section, select “Withdraw Funds,” choose a payment method, and enter the amount. Processing times vary by method, typically ranging from a few minutes up to three business days.
What assets can I trade on Binomo?
Binomo supports trading on a variety of assets, including currency pairs (like EUR/USD), commodities (like gold), indices, and some cryptocurrencies. Asset availability may depend on your account type and the country from which you access the platform.
Is Binomo suitable for beginners?
Yes, Binomo is beginner-friendly with a simple interface, a free demo account, and educational resources. However, trading involves financial risk, and it’s essential that beginners educate themselves thoroughly and practice before risking real money.
Is trading on Binomo safe?
While Binomo offers secure encryption and membership in the IFC, it’s not regulated by major authorities. As with any trading platform, users should be cautious, avoid investing more than they can afford to lose, and verify all platform terms.
