Binomo is a binary options trading platform with allegedly more than 857,000 active traders every day. Established in 2014 and headquartered in St. Vincent and The Grenadines, this company offers 4 live account types [Standard, Gold, VIP, Prestige] based on the initial deposit volume.
Read this balanced Binomo review to learn about its payment methods [VISA, MasterCard, Neteller, and more], 75 tradable assets, and other aspects.
Company Information and Important Specifics
Binomo is operated by Dolphin Corp LLC and is a Category A member of the International Financial Commission. Note that this organization is not a financial authority, and should not be considered a regulating body. The company provides binary trading services to its clients. Other Key Points:
- Received IAIR and FE awards
- Presence in over 130 countries
- More than 29M successful trades in a week
The company is headquartered at Euro House, Richmond Hill Road, Kingstown, St. Vincent and Grenadines.
Specifications and Details
As seen in every other review article on the website, in this section, we are providing a table featuring a summary of important specifics:
Broker | Binomo |
Account Types | Free, Standard, Gold, VIP, Prestige |
Establishment Year | 2014 |
Trading Platforms | Proprietary Platform |
Maximum Return | Up to 90% |
Minimum Deposit | $10 |
Base Currencies | USD, EUR, GBP, Other Local Currencies |
Deposit Methods | VISA, MasterCard, Maestro, WebMoney, Perfect Money, Neteller, PSB, Payeer, JCB, Crypto Wallets (Bitcoin, Litecoin) |
Withdrawal Methods | VISA, MasterCard, Maestro, WebMoney, Perfect Money, Neteller, PSB, Payeer, JCB, Crypto Wallets (Bitcoin, Litecoin) |
Minimum Trade amount | $1 |
Maximum Trade Amount | Unlimited |
Tradable Assets | 75 |
Investment Options | None |
Bonus | Features on Account Types |
Spreads | Not Specified |
Commission & Fees | 0.02% Commission Deducted from Demo Account on CFD Trading No Fees for Withdrawals and Deposits |
Maximum Leverage | 1:40 |
Affiliate Program | Yes |
Trading Features | Personal Manager, Investment Insurance, Economic Calendar |
Inactivity Fee | None |
Customer Support Ways | Live Chat, Email |
Customer Support Hours | 24/7 |
What Trading Account Types Are Available?
The binary platform offers trading services in several account types, which differ in terms of assets and special features. Here's an overview:
Account Type | Free (Demo Trading) | Standard | Gold | VIP | Prestige |
Minimum Deposit | N/A | $10 | $500 | $1,000 | $1,000 |
Trading Assets | 32 | 48 | 61 | 75 | 75 |
Trading Platform | Proprietray | ||||
Min. Trade Amount | $1 | ||||
Commission | 0.02% Commission Deducted from Demo Account | ||||
Max. Leverage | 1:40 | ||||
Personal Manager | No | No | No | Yes | Yes |
Investment Insurance | No | No | No | Yes | Yes |
Maximum Return | N/A | 85% | 90% | 90% | 90% |
Maximum Deposit Bonus | N/A | 100% | 150% | 200% | 300% |
Binomo Demo Account
The binomo demo account is the perfect place for beginner traders to test their trading strategies and develop trading skills. Traders who join this broker begin trading over 75 instruments with a minimum trade requirement of just $1. Binomo demo account features:
- $10,000 virtual capital
- Rechargeable funds
- Minimum trade amount $1
- Available to both verified and unverified users
Registration and Verification Tutorial
Usually, signing up with binary option brokers is a fast and straightforward process. It's the same with Binomo registration, which will be discussed here.
#1 Visit the Binomo Website
Start by accessing the official Binomo site via a trusted review or directly. Click on “Sign Up” to initiate account creation.
#2 Enter Your Credentials
Provide a valid email address and create a secure password. Agree to Binomo’s terms and conditions, then submit the form. A quick demo trade interface with virtual funds will appear, designed to introduce platform features.
#3 Verify Your Email
Check your inbox and confirm your email via the link provided. Email verification is essential before accessing real account features like deposits and live trading. Once confirmed, your Binomo account is ready to use.
Click on the link in your inbox to verify your email in Binomo.
#4 Identity Verification
Now, you have created your account on the website. However, you will only be able to pass Binomo verification after receiving a request from the company. For this, you will need proof of identity and photo(s) of the bank card(s) used for deposits.
Bonuses and Promotional Offers
We investigated the website for any information regarding bonuses. There is a "Promotions" page, but it states "No promotions currently available". Therefore, there might be bonuses in the future, but there is no active offer at the moment.
However, there are some features on account types or "statuses", including deposit bonus, happy hour, cashback, prizes, risk-free trades, and more. These should be counted as promotional offers.
We will inform you as soon as any updates or changes happen in the future.
Are There Any Commissions and Fees in Binomo Trading?
The platform does charge commissions in trading. Based on the available data, when a client opens a CFD trade, a 0.02% commission is deducted from the demo account. For deposits and withdrawals, there are no costs in most cases and regions. However, in India, free withdrawals are available once every 24 hours.
Binomo does not charge any inactivity fees on trading accounts, regardless of account level. Traders are free to take breaks without incurring hidden penalties or dormancy fees.
Binomo Trading Platform Features
Binomo offers a multi-functional trading environment tailored for binary options traders, featuring tools for technical analysis, sentiment tracking, and seamless trade execution. The platform is divided into several key modules, each designed to simplify decision-making while enabling in-depth chart-based strategies across demo and real accounts. Binomo trading platform features:
Asset Selection & Account Modes
Traders can toggle between real and demo accounts via a control panel, while asset selection spans instruments like FTT, CFD, DRT, and 5ST. All symbols can be adjusted instantly via the dropdown menu on the top bar.
Chart Customization
The interface supports five chart styles, including Heikin Ashi and candlestick, with timeframe controls ranging from 5 seconds to 30 days. These features are accessible from the lower control bar.
Technical Indicators & Drawing Tools
A wide range of indicators, including the MACD indicator, RSI indicator, CCI, ADX, and Parabolic SAR, is available for comprehensive analysis. Additionally, traders can utilize drawing tools like Fibonacci retracements and trendlines to refine entries and exits.
Trading Panel & Sentiment Meter
Trades are executed through a simple panel where users define position size and duration. The "Majority Opinion" indicator provides insight into prevailing market sentiment, enhancing short-term binary strategies.
Dual Chart View
Advanced users benefit from dual chart display, enabling side-by-side analysis of different instruments.
Personal Cabinet Features and Tools Overview
The Binomo dashboard provides users with centralized access to 15 integrated tools and segments, designed to streamline trading activities, ranging from real-time operations to account management and learning resources. Whether managing funds, participating in tournaments, or tracking economic events, every section contributes to an efficient trading environment.
Deposit, Withdrawal & Transaction History
Account funding is handled through the “Deposit” section, while withdrawals are accessible via the adjacent card icon. Use the clock icon to review detailed transaction history across all operations.
Profile & Account Settings
The avatar menu consolidates profile details, referral links, account status, and security settings in one tab, making account management seamless.
Tournaments & Leaderboard
Enter free or paid competitions via the “Tournaments” tab. The “Top Traders” section displays a real-time Hall of Fame based on profitability. If you are interested in learning more about Binomo tournaments, we suggest checking our guide or watching the YouTube video below.
Crypto News & Calendar
VIP users access a live crypto news feed, while the economic calendar offers key fundamental data to align trades with macroeconomic trends.
Education & Support
Tutorial videos are housed in the “Education” tab. For real-time assistance, use the chatbot or browse help articles via the hamburger menu.
Binomo Mobile Application
Marketly Assistant, built on the Binomo platform, is a feature-rich mobile application aimed at enhancing financial literacy and market analysis skills. Available for Android 8.0 and above, the app has surpassed 10 million downloads since its release in December 2020, with the latest version (6.15.0) updated on July 18, 2025.
While it lacks an iOS version, its lightweight structure and interactive learning features make it ideal for traders at any level. Binomo app download links:
Professional Market Tools
Access a full suite of analytical instruments, including trend indicators, support/resistance zones, and chart pattern drawing tools. Users can draw up to 20 lines per chart, making it suitable for both technical analysis and visual forecasting.
Visual Chart Drawing
Use directional lines to identify market structures and trading opportunities. These drawing tools help define key market levels, enhancing decision-making in real time.
Learning Resources
This resource includes video tutorials, economic calendars, strategy manuals, and a trading glossary, enabling users to master chart interpretation and economic events.
Free Demo Mode
Start practicing without registration. The demo account offers a risk-free environment to explore strategies and build confidence before entering live markets.
User Experience
The app’s user-friendly design ensures accessibility for beginners, while maintaining depth for seasoned traders. Registration is quick, and the platform supports over 900,000 daily users from 130+ countries.
Indicators and Oscillators in the Binomo Platform
Binomo's trading platform offers a decent number of technical indicators and oscillators to assist traders in their analysis. However, the list varies depending on the device used by the client for accessing the platform:
Web | All Indicators and Tools |
iOS Application | Moving Average, Alligator, Bollinger Bands |
Android Application | Moving Average, Alligator, Bollinger Bands, Parabolic Sar, Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Commodity Channel Index (CCI), And Stochastic Oscillator |
Overall, Binomo offers a robust suite of technical tools to support data-driven decision-making. Traders have access to:
- More than 25 built-in technical indicators
- Over two dozen chart-drawing tools for trendlines, channels, and Fibonacci levels
- Integrated real-time quotes from financial news agencies
- Technical analysis features that work equally well across both desktop and mobile platforms
Binomo Tradable Instruments
Binomo supports 103 tradable pairs in various markets, allowing traders to diversify their trading assets. Binomo Instruments:
- Cryptocurrencies: Bitcoin, Ethereum, Cardano, Solana, and more
- Forex pairs: EUR/USD, USD/CAD, USD/JPY, etc.
- Cryptocurrency indexes: Crypto IDX, ALT IDX
- Commodities: Gold
Funding Options and Withdrawal Methods
The discussed platform offers a wide range of choices for both deposits and withdrawals. We will take a look at them in the list below:
- Credit/Debit Cards: VISA, MasterCard, Maestro
- E-Wallets: WebMoney, Perfect Money, Neteller, PSB, Payeer, JCB
- Cryptocurrency Wallets: Bitcoin, Litecoin
Note that these options might differ based on the client's region. To learn how to use one of the best funding options on this broker, we suggest reading the Binomo USDT TRC20 deposit method.
Copy Trading and Other Investment Features
As of the latest information available, Binomo does not offer copy trading services. However, a signal feature is available on the platform, allowing traders to copy trading signals.
Binomo Signals
Traders can access asset-specific buy and sell suggestions via the “Trading Signals” icon located in the platform’s lower-left panel. While these signals offer market insight, it's essential to understand they are not profit-guaranteed indicators and should be used alongside personal analysis.
It's worth noting that these signals are only valid for 30 seconds and will expire after that.
Noteworthy Benefits and Critical Drawbacks
Binomo offers services with a bunch of pros and cons at the same time. Being aware of these is necessary before making any investments:
Benefits | Drawbacks |
Relatively High Profit Split of 90% | Not The Highest Provided Leverage |
Wide Range of Payment Options | - |
No Inactivity Fee | - |
Trust Scores and User Ratings
We consider certain websites, such as Trustpilot, Binomo Reviews.io, ForexPeaceArmy, and others, as reliable sources for evaluating a company's performance. Until the time of writing this article, Binomo has received mixed reviews on the mentioned platforms:
- Trustpilot: 3.6/5 (based on 461 reviews)
- ForexPeaceArmy: 1.3/5, Allegedly fake and highly suspicious positive reviews submitted on the website from February to September 2019
- REVIEWS.io: 3.8/5 (based on 179 reviews), 69% of reviewers recommend the platform
These mixed reviews suggest that while many users have positive experiences with the binary options company, others have encountered challenges, particularly with withdrawals and customer service.
Support Department Open Hours and Contact Channels
Support service is a critical factor when choosing a financial company or brokerage, since there is always a chance of losing funds. Binomo provides two contact channels:
- Email: support@binomo.com;
- Live Chat: Accessible through the profile on the website (Not available for non-registered users);
The company offers 24/7 customer service, a valuable benefit. However, the lack of live chat for everyone is a disappointment.
Binomo Restricted Countries
While Binomo is a broker that provides services worldwide, many traders in certain regions are unable to access its services due to local laws.
- Americas: United States, Canada, Argentina, Brazil.
- Europe: United Kingdom, Germany, France, Ireland, Italy, Spain, and many more.
- Asia: China, Japan, Singapore, Israel, Syria, and others.
- Africa: Nigeria, South Africa, Libya, and others.
- Other: Australia, New Zealand, and various island nations
Compare Binomo with Other Binary Platforms
Here's a comprehensive table mentioning features and services provided by the platform in comparison to its peers:
| Parameter | Binomo Broker | IQ Option Broker | OlympTrade Broker | Pocket Option Broker | |
|---|---|---|---|---|---|
| Establishment Year | 2014 | 2013 | 2014 | 2017 | 2019 |
| Maximum Return | Up to 90% | Up to 90% | Up to 93% | 90%+ | 98% |
| Minimum Deposit | $10 | $10 | $10 | $5 | $10 |
| Minimum Trade Amount | $1 | $1 | $1 | $1 | $1 |
| Number of Trading Assets | 75 | Over 250 | Over 100 | Over 100 | Over 400 |
| Bonus | Features on Account Types | No Bonus | Deposit Bonus | Welcome Bonus, First Deposit Bonus, No Deposit Bonus, YouTube Video Contest | Welcome Bonus, deposit bonus, risk-free trade, loyalty program, seasonal promotion |
| Maximum Leverage | 1:40 | 1:100 | 1:500 | 1:1000 | 1:1 |
| Inactivity Fee | None | €10 / Month | $10 / Month | $0 | $0 |
Writer's Opinion and Conclusion
In this article, we reviewed Binomo as an overall decent binary trading platform with 4 live account types, 24/7 support services, and a maximum return of up to 90%.
However, there has been a suspicion of fake positive reviews on the FPA website, which is concerning. Overall, we recommend this platform if you have done your own research and ensured its reliability.
