Score

1.55 /10
Danger

Binomo

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Global Business

High potential risk

A

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Comparison

Quantity 54

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.34

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Warning: Low score, please stay away! 3
Previous Detection : 2025-06-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 51 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    Binomo · Company summary
    Binomo Review Summary
    Founded2022
    Registered Country/RegionSaint Vincent and the Grenadines
    RegulationNo regulation
    Market InstrumentsGoods, equities, currency pairs, indices and cryptos
    Demo Account
    Leverage/
    Spread/
    Trading PlatformBinomo
    Minimum Deposit$10
    Customer Support24/7 support
    Tel: +1 8499366003+18499366003
    Email: support@binomo.com
    Social media: Youtube, Instagram, X, Telegram, Facebook

    Binomo Information

    Binomo is an unregulated broker, offering trading on goods, equities, currency pairs, indices and cryptos on Binomo trading platform. The minimum deposit requirement is $10. The broker offers demo accounts.

    Binomo's homepage

    Pros and Cons

    Pros Cons
    Low minimum deposit requirementNo regulation
    Demo accounts offeredNo MT4/MT5 platform
    No deposit/withdrawal feesUnclear fee structure

    Is Binomo Legit?

    No. Binomo currently has no valid regulations. Please be aware of the risk!

    No license
    Domain information

    What Can I Trade on Binomo?

    Binomo offers trading on goods, equities, currency pairs, indices and cryptos.

    Tradable Instruments Supported
    Goods
    Equities
    Currency pairs
    Indices
    Cryptos
    Commodities
    Stocks
    Cryptocurrencies
    Bonds
    Options
    ETFs
    What Can I Trade on Binomo?

    Account Type

    Here are five account types Binomo offers:

    Account TypeMinimum Deposit
    Free /
    Standard /
    Gold /
    VIP $1,000
    Prestige /
    Account comparison
    Account comparison

    Binomo Fees

    Binomo does not charge any commissions or fees for deposits and withdrawals. However, there is a limit on the number of withdrawals without a fee for certain countries. If clients are from such a country, they can withdraw funds once every 24 hours without a commission. If clients exceed that limit, the fee will be 10%.

    Deposit fees
    Withdrawal fees

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for
    Binomo Web, Android/
    MT4/Beginners
    MT5/Experienced traders
    Binomo platform

    Deposit and Withdrawal

    Binomo accepts payments via bank card, bank account, e-wallet and crypto wallet.

    Withdrawals directly to a bank card are only available for cards issued in Ukraine or Turkey. If clients are not from these countries, they can withdraw to your bank account, an e-wallet, or a crypto-wallet. Bank account withdrawals are available if the bank is in India, Indonesia, Turkey, Vietnam, South Africa, Mexico, and Pakistan. Withdrawals to e-wallets are available for every trader who has made a deposit.

    It usually takes payment providers from a few minutes to 3 business days to credit funds to clients' payment method. In rare cases, it can take up to7 days due to national holidays, payment providers policy, etc.

    The minimum withdrawal limit is $/€10 or an equivalent of $10 in the account currency.

    The maximum withdrawal amount is:

    • Per day: no more than $3,000/€3,000, or an amount equivalent to $3,000.
    • Per week: no more than $10,000/€10,000, or an amount equivalent to $10,000.
    • Per month: no more than $40,000/€40,000, or an amount equivalent to $40,000.
    Deposit
    Withdrawal
    Withdrawal

    News

    ExposureGather together! Protest against Scam Investments-Binomo Affiliate Promoters

    The explosion of screams from the victim of fraud, Indra Kesuma alias Indra Kenz, an affiliate of the forex broker Binomo, is still resounding. What else are they proclaiming this time?

    WikiFX
    2024-01-03 15:59
    Gather together! Protest against Scam Investments-Binomo Affiliate Promoters

    NewsWhat is the best indicator for the breakout strategy?

    The story of Netflix’s breakout in 2013 is a prime example of why you need to spot trading opportunities in time. For nearly two years, the company’s stock price was stuck in a range between $50 and $130. But then, in October of 2013, Netflix released a game-changing earnings report, and the price had soared to $389 by the end of the year.

    WikiFX
    2023-06-25 11:28
    What is the best indicator for the breakout strategy?

    NewsThe impact of leverage on trading: how to use it responsibly.

    The history of leverage and levers can be traced back thousands of years. During the construction of the monumental pyramids, the Ancient Egyptians employed basic lever systems to transfer bulky materials such as stone blocks.The ancient Greek philosopher Archimedes formally described them around 250 BCE. Levers are still used in cranes and excavators, and trading with leverage is yet another example of how the concept continues to be relevant.

    WikiFX
    2023-06-25 11:18
    The impact of leverage on trading: how to use it responsibly.

    NewsHammer candlestick pattern: a strategy guide

    In the 16th century, in England, there was a law that required every homeowner to own a hammer. With this law in place, in case of a fire, every citizen had the necessary tools to help put out the flames. Imagine if every trader had to use a hammer strategy in case of market fluctuations.

    WikiFX
    2023-05-16 14:11
    Hammer candlestick pattern: a strategy guide

    User Reviews

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    User comment

    9

    Comments

    Write a review

    FX9075412862
    6-12months
    Ini masih dengan akun stevani12, saya sudah memohon sama dia agar uang saya bisa di balikin tapi masih aja tidak bisa, saya diamkan dan tadi saya cek kembali ternyata layar di link nya berubah, apakah tidak ada yang bisa membantu saya😭😭😭, berikut adalah tampilan akun lama dan tampilan akun baru, mereka sengaja merubah nya agar tidak bisa di lacak kayak nya,, tolong bantu saya mendapatkan setidaknya setengah dari uang ini,
    Ini masih dengan akun stevani12, saya sudah memohon sama dia agar uang saya bisa di balikin tapi masih aja tidak bisa, saya diamkan dan tadi saya cek kembali ternyata layar di link nya berubah, apakah tidak ada yang bisa membantu saya😭😭😭, berikut adalah tampilan akun lama dan tampilan akun baru, mereka sengaja merubah nya agar tidak bisa di lacak kayak nya,, tolong bantu saya mendapatkan setidaknya setengah dari uang ini,
    Translate to English
    +2
    2024-08-24 19:35
    Reply
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    Quinlan
    more than one year
    Binomo is fantastic for beginners with its low minimum deposit, making it easy to get started. Plus, their education resources are top-notch, helping traders learn and grow in their trading journey. Highly recommended for those looking to invest in their trading education!
    Binomo is fantastic for beginners with its low minimum deposit, making it easy to get started. Plus, their education resources are top-notch, helping traders learn and grow in their trading journey. Highly recommended for those looking to invest in their trading education!
    Translate to English
    2024-07-08 11:41
    Reply
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