Overall 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.
Binomo at a glance
| 🔍 Broker's Name | Binomo |
| 📍 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 |
| 👉 Open account | 👉 Click Here |
Min Deposit
USD 10
Regulators
FMRRC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Binomo Review – 16 Key Point Quick Overview Revealed (2025):
Binomo Overview
According to research in South Africa, Binomo is forex broker which 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.
Binomo Safety and Security
One of the best benchmarks to measure the safety of a broker like Binomo, is to establish which regulating authorities are watchdogs over its actions. Binomo is regulated with FMRRC.
Binomo Leverage
Leverage is a facility that enables you to get much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades; otherwise your trading account will be fully hedged.
Binomo does not specify a maximum leverage on the website.
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 on 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 differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.
Binomo offers the following types of accounts:
The Standard Account which has a minimum deposit of 10 USD and is an entry level account. With this account traders can join tournaments, trade in the real market, and make withdrawals.
The Gold Account has a minimum deposit is 500 USD and is a good choice for beginners as it offers a wider selection of assets. A personal manager and exclusive trading strategies are made available while using this account.
The VIP Account has a minimum deposit of 1,000 USD and it provides the maximum liberties and personalised services.
Binomo Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex:
Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management.
Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices:
Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals:
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy:
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
Binomo offers the following of the above:
Currency pairs such as AUD/USD and GBP/USD
Indices such as CAC40 and DAX
Cryptocurrency such as Bitcoin and Litecoin
Stocks from popular companies such as BMW, Disney, and Google, and
Commodity pairs such as silver and gold.
Min Deposit
USD 10
Regulators
FMRRC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Binomo Fees
Cost depends on different factors, like spread and margins, and Binomo clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.
Binomo does not charge any added fees or costs for the use of their trading and brokerage services. They make their money through the money generated when a trader has a loss.
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
Binomo Trading platforms
The forex trading platform provided by Binomo is the software to carry out trades. Some brokers provide only one trading platform where others offer several.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
Binomo offers their own Proprietary Trading Software. Binomo is widely well-known for launching its own trading terminal which provides favourable conditions, tools, and other features for trading Options.
In the bid to stay ahead in the trading world, Binomo is constantly updating their brokerage site with ground-breaking features.
Clients can also carry out their trades faster with Binomo mobile trading app. It gives them access to transaction history, trading signals, real-time pricing, charts, indicators and 24-hour support.
Min Deposit
USD 10
Regulators
FMRRC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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 vs ARUM Capital vs ACFX – A Comparison
| 🔎 Broker | 🥇 Binomo | 🥈 ARUM Capital | 🥉 ACFX |
| 💰 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 Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “Binomo ” is entered into Google’s search engine over a given period of time.
Binomo Pros and Cons
| ✅ Pros | ❌ Cons |
| Low minimum deposit | No desktop software, only app and browser availability |
| Excellent binary options broker | Limited assets |
| Regulation is lacking |
Min Deposit
USD 10
Regulators
FMRRC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Binomo can be described as a broker that is suitable for traders with more experience. Some of the constructive characteristics is the required low minimum deposit.
A demo account is provided with the necessary tools for learning. The unique platform is user-friendly and Binomo offers reliable withdrawals.
There are tournaments offered which adds additional value but a disadvantage to Binomo is that there are a few drawbacks such as the limited assets offered for trade.
There is no desktop software for the trading platform, only the app and web-browser.
However, Binomo would seem like a good choice for skilled traders as their customer support seems reasonable and the mobile trading experience is suitable for trading on the go.
Risk Management
Binomo is an online trading platform that offers binary options and cryptocurrency trading. In binary options trading, risk management refers to the process of identifying, assessing, and managing the potential risks associated with this type of trading.
Binomo may offer a range of risk management tools and services to help its clients manage and mitigate the risks associated with binary options trading. These may include setting appropriate trade sizes, using stop-loss orders to limit potential losses, and diversifying a portfolio to reduce overall risk exposure.
Additionally, Binomo may provide educational resources and market analysis to help its clients make informed trading decisions and manage risk effectively. However, as with any type of financial trading, it’s important to understand the risks involved and to use proper risk management strategies to minimize potential losses.
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 allows users to trade a variety of financial instruments such as cryptocurrencies, forex, and stocks.
Is Binomo a regulated broker?
Yes, Binomo is a regulated broker. It is licensed by the International Financial Market Relations Regulation Center (IFMRRC).
What instruments can I trade on Binomo?
You can trade cryptocurrencies, forex, stocks, and other financial instruments on Binomo.
What is the minimum deposit required to open an account with Binomo?
The minimum deposit to open an account with Binomo is $10.
Does Binomo offer a demo account?
Yes, Binomo offers a demo account that allows you to practice trading with virtual money before risking your own capital.
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