Binomo-Overview of Binomo
Abstract： 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 Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Goods, equities, currency pairs, indices and cryptos |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | Binomo |
| Minimum Deposit | $10 |
| Customer Support | 24/7 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.
Pros and Cons
| Pros | Cons |
| Low minimum deposit requirement | No regulation |
| Demo accounts offered | No MT4/MT5 platform |
| No deposit/withdrawal fees | Unclear fee structure |
Is Binomo Legit?
No. Binomo currently has no valid regulations. Please be aware of the risk!
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 | ❌ |
Account Type
Here are five account types Binomo offers:
| Account Type | Minimum Deposit |
| Free | / |
| Standard | / |
| Gold | / |
| VIP | $1,000 |
| Prestige | / |
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%.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Binomo | ✔ | Web, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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.
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