Score
Saint Vincent and the Grenadines
|
5-10 years
| https://binomotop.com/id-en
Website
Rating Index
Influence
A
Influence index NO.1
India 8.02
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
Botswana
binomotop.com binomo.com| 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 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 | Cons |
| Low minimum deposit requirement | No regulation |
| Demo accounts offered | No MT4/MT5 platform |
| No deposit/withdrawal fees | Unclear fee structure |
No. Binomo currently has no valid regulations. Please be aware of the risk!
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 | ❌ |
Here are five account types Binomo offers:
| Account Type | Minimum Deposit |
| Free | / |
| Standard | / |
| Gold | / |
| VIP | $1,000 |
| Prestige | / |
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 | Supported | Available Devices | Suitable for |
| Binomo | ✔ | Web, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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:
If you are into forex trading and not aware of the latest happenings in the forex market, there are chances you may fall victim to your broker or another broker you don't know about. Knowledge is the only weapon that protects you from any Investment scam. Therefore, there is an article you must read about Binomo, why are users showing disappointment with this broker?
Binomo is a fake broker that pretends to be genuine. It makes unrealistic claims to lure traders into their trap. Before you fall victim to this scam, we’re here to issue a fraud alert and expose the five red flags you need to watch out for.
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?
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.
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.
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.
Binomo trading is available through its proprietary Binomo platform, which I find fairly intuitive for beginners. Unfortunately, there’s no support for MT4 or MT5, which is a downside for me as I prefer using those more advanced platforms. But Binomo works fine for basic trading needs.
In my experience, Binomo is real, but it's unregulated, which makes me question its legitimacy for larger investments. It provides a user-friendly Binomo trading experience and a demo account, which can be useful for new traders. However, the absence of regulatory oversight raises doubts about whether it can be trusted for long-term Binomo investment. So, while it's real, I wouldn't call it fully trustworthy given the regulatory gaps.
There are no withdrawal fees for methods like E-wallets and cryptocurrencies on Binomo. But if I exceed the limit on free withdrawals (one per 24 hours), a 10% fee applies. I’ve used E-wallets for fast withdrawals and had no issues, but I try to manage my withdrawals carefully to avoid fees.
The minimum deposit on Binomo is just $10, which makes it an attractive platform for beginners. I started with this small amount and used the Binomo demo account to get a feel for the platform before risking real money. The low deposit makes it easy to try out Binomo trading without committing a large amount of capital.
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Vakita90
Mexico
After making many deposits and validation of my account, they started to deny my withdrawals. The window appeared with the message "withdrawals suspended". I contacted support, and they only gave automated responses. After a few days, they permanently blocked my account, just explaining it was for "suspicious actions and fraud" and stopped replying. They kept my invested money and my earnings. I lost about 15,000 dollars with that broker and ended up bankrupt. Don't be fooled, that broker is no longer trustworthy. Don't lose your assets, your time, or your money ON BINOMO. They will not respect your money or your account.
Exposure
FX2562215251
Mexico
It does not allow me to withdraw my money, it says that my account does not exist and that is the same account where I transferred my money from, and it does not allow me to withdraw any of my money.
Exposure
FX9075412862
Indonesia
This is still with the stevani12 account, I have asked him to return my money but still no response. I waited and checked again, it turns out that the screen on the link has changed. Is there anyone who can help me😭😭😭? Here is the display of the old account and the new account, they intentionally changed it so that it cannot be traced. Please help me get at least half of this money.
Exposure
Quinlan
Belarus
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!
Positive
FX3877361689
Indonesia
Please help me, KK. I have done all the tasks, kept depositing, and I thought I could withdraw, but it turns out I can't. Please help me, KK. I even borrowed money, thinking I could withdraw it, but until now I can't withdraw. I was told to deposit 20 million, so I could withdraw. Since I didn't know, I sent 5 million because they said they could help, but it turns out they couldn't. Now I have to gather another 15 million, but I'm afraid it will become longer, and I'm currently trapped in debt. Please help me, KK.
Exposure
FX3635050518
Indonesia
Lots of people are fooled by the promise of extra money..even though the money has already entered the account, it cannot be withdrawn..if anyone knows how to do it, let me know how to withdraw money from an account created by traders in the name of eraajaya
Exposure
Henry9
New Zealand
Love the community aspect soooo much♥♥♥! Inviting friends through their referral program not only benefits me but also helps me introduce others to trading. Earning up to $100 for each friend I bring on board is a great incentive! Keep it up!
Positive
loco1557
Argentina
They don't let me withdraw money and they don't accept my documentation, I reject it. But for deposit, it is fast and they do not verify your identity.
Exposure
mel740
Indonesia
I was told to top up my balance but I couldn't withdraw my money back to my ATM. They said I had to pay again. Even though I already had a lot of money in there, please help me. As if I was being cheated.
Exposure
Mina9559
Mexico
The day before yesterday I was scammed through an online platform called marquetin de mercado and I ended up losing $2,673 counting on the payments of someone who said he was going to help me but he ended up scamming me by asking for an advance of 860 pesos and the other scammer asked for $300 for his registration to the platform, I really feel stupid for believing in such nonsense.
Exposure
loco1557
Argentina
It won't let me withdraw my money, but the deposit is fast, it's a shame.
Exposure
Raphael 1135
Brazil
The platform made a mistake on the date of July 5, 2023, as it blocked my access because it denied my withdrawal of a remaining balance in the account at 4k or so I ask again, I have always operated on it for a long time, never had it these problems but now there has been an almost 1 year nothing has been approved, I have already sent an email, I have done my part and I am still waiting for my balances to be returned! Here are some prints.
Exposure
Hamii
Pakistan
First Payment Deposit you win and second payment deposit you lost
Exposure
FX2873985888
Nigeria
scam is not legit they refuse to pay my money back
Exposure
Somnath Mattu
India
binomo not redund my money
Exposure
Somnath Mattu
India
pls. don’t use this, in punjab (india) binomo buy some singer’s and youtubers to promote binomo application
Exposure
2KD BOT
South Africa
they r not able to withdraw u until u and swear them regularly 10 days. they mention withdraw 4 hours and 24 hours. but u would wait for 20 days and after 20 days they will send u back into trading account. not in bank account so u will loss all in trading back
Exposure
FX4098210826
Algeria
My account was permanently banned for no reason after making profit. I want my money back
Exposure
FX8618241452
Indonesia
I opened an account of $140 as the advertisement showed. But it required more than 500 lots in 20 days before withdrawal. Then they blocked my account.
Exposure