Binomo
Not Bad 7.9/10

  • Binomo

  • Regulated:  No
Broker Name: Binomo
Platform: Binomo
Founded: 2014
Bonus: High
Return/Refund: Medium
No. Of Assets: Low
Regulated: No
Demo Account: Yes
Minimum Deposit: 10
US Traders: Not Accepted
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Binomo Review

by Martin Kay

Disclosure: ThatSucks.com is reader-supported. Some links on this page are affiliate links, and we may earn a commission if you open an account through them. This doesn’t change the facts we report.

Risk warning: Trading CFDs, options and fixed-time trades is high risk, and most retail traders lose money. Only trade with money you can afford to lose. Check that the broker is allowed to serve residents of your country before you open an account.

 

Editor’s Note: Why Binomo Doesn’t Suck in 50 Words

Binomo keeps things simple: a $10 minimum deposit, trades from $1 to $5,000, and a $10,000 demo you can refill, with 30 demo trades available before your first deposit. Verification usually takes under 10 minutes, and withdrawals get faster as you move up from Standard to Gold and VIP.

 

Why Binomo Sucks in 50 Words

There’s a $3,000 limit per withdrawal and a few rules to know: in some countries, such as India and Vietnam, a 10% fee applies if you make more than one withdrawal request in 24 hours. Plan your withdrawals, get verified first, and you’ll avoid surprises.

 

Is Binomo a Scam?

Binomo is a popular beginner platform, but it is not licensed by a government financial regulator, so regulated-broker protections such as compensation schemes don’t apply. Its support team replies to every Trustpilot review, where it holds a 3.3/5 score from 716 reviews (checked 28 Oct 2026).

 

Notice: It is extremely advisable to trade only with a regulated broker. We found 2 highly rated and regulated brokers. Start trading with a Regulated Broker Now.

 

Should You Open an Account with Binomo?

If you want to learn trading on a clean, simple platform with small amounts, Binomo is a good place to start. Try the free demo first, then deposit from $10 and trade from $1.

Binomo is an online broker, with a relatively long track record, which offers binary options on currencies, cryptocurrencies, stocks, indices, and more. It is owned by Dolphin Corp, a company registered in St. Vincent and the Grenadines, which is part of the Binomo group of companies. The broker started operating in 2014 and is a member of the Financial Commission. The Financial Commission is an independent dispute-resolution body, not a government regulator. Dolphin Corp’s payment agent is Pollack Trade LTD, which is registered in Bulgaria and is also part of the Binomo group of companies.

The platform itself seems great and I like the fact that you get to open a demo account with just an email address! You can, at any time, replenish the money in the demo account or switch to your live account. A nice feature is the ability to use “Hotkeys” for trading. If you enable this feature, you may increase or decrease your investment amount, change your expiry, and execute trades without using your mouse. You just need to memorize which keys do what. So before you switch to Hotkey mode, make sure you know which keys do what to avoid any accidents.

The chart on the platform comes in several time frames, 5s, 15s, 30s, 1 minute, and 5-minute candlesticks and you can zoom in and out using the middle mouse button. As mentioned earlier, you have a vast selection of technical tools and the most popular indicators to apply to your chart. Regarding option types, you can only trade turbo and high and low options.

Dolphin Corp lists the address First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent, and the Grenadines. The payment agent is Pollack Trade LTD, with a listed office address at Georgi Sava Rakovski St. 96, Sredets Region, Sofia Municipality, Sofia 1000, Republic of Bulgaria. Binomo can be contacted at email: [email protected].

Yay! Searching for a regulated broker? We found 1 higher-rated broker for you. Start Trading with IQOption.

 

How to Withdraw from Binomo

How long does it take? Binomo processes withdrawals within 3 business days on a Standard account, within 24 hours on Gold and within 4 hours on VIP. Your bank or wallet then needs time to credit it.

What’s the minimum and maximum? The minimum withdrawal is $10, and the maximum per withdrawal is $3,000.

Are there fees? Binomo doesn’t charge commission on withdrawals, except in some countries (for example India and Vietnam) where a 10% fee applies to more than one withdrawal request in 24 hours.

How do I avoid a delayed withdrawal? Verify your account before you need to withdraw (it usually takes under 10 minutes), use payment methods in your own name, and make one withdrawal request per day.

 

Binomo Bonus

The bonus goes up to 100% for the Standard account, up to 150% for Gold and up to 200% for VIP. You need a turnover of at least 35 times, up to 40 times the bonus amount, depending on the size of your bonus. If the bonus is below 50%, the turnover is 35x and all bonuses above 50% will have a turnover of 40x. More details are provided on the page of the bonus you receive. Be very careful: according to cause 8.4 of their Terms and Conditions, you will NOT be able to withdraw until you reach the bonus turnover: “8.4. After a Bonus has been activated, the funds in the Client’s Account become available for Withdrawal only after the Client completes the Mandatory Trading Turnover”

 

Binomo Ratings

User Friendly 16/20

The website comes in 14 languages, there are free guides and strategies that are pretty good for beginners. The platform is easy enough to use and you can use Demo accounts to get familiar with it. Mobile platforms are available. U.S. traders are not accepted.

 

Number of Assets and Expiry Times 16/20

The number of assets depends on the account type. VIP account holders get to trade the entire asset list (61) while standard account holders only get to trade 41 assets. Even the VIP offering is low in our opinion so maybe they should work on it. Also, the number of cryptocurrencies is low so if you want to focus on this asset class, you will have to find another broker. The expiry times start at 30 seconds and go up to hours.

 

Commissions, Support, and Effective Return 17/20

There are no fees to open an account but if you have not exceeded trading volumes above twice of your deposit size, you are due to pay a 10% fee for the withdrawal. Also, if your account is inactive for 30 days, you will pay a “subscription fee” of 10 USD or EUR.

We couldn’t locate a live chat button so a thumbs down for the live support. Regarding payouts, the maximum percentage seems to be 90% which is very good but it’s only available to Gold and VIP members. Gold clients can get up to 5% weekly cashback and the percentage increases to 10% for VIP clients.

 

Deposit, Payment, and Bonus 16/20

The minimum deposit is just $10. The available deposit methods are VISA, MasterCard, wire transfers and a few e-wallets (Advcash, WebMoney, PerfectMoney), as well as Bitcoin and Litecoin). Withdrawals may take anywhere from 4 hours up to 3 business days to process, depending on the account type. There are various bonus offers and the required turnover is between 35 up to 40 times the bonus amount or depends on the bonus offer itself.

 

Website Extras 15/20

The biggest extra here is the “Hotkeys” feature which enables keyboard trading. You can choose the direction, increase or decrease your expiry and investment size with the already programmed keys. There are also tournaments and offers to the left of the platform. Traders can simply click them to read more about them.

 

Binomo Overall Ratings (78) + Regulation (Financial Commission +1) = 79/100

Notice!: This broker is rated average among our members and staff. Start your trading career with a Top Rated Broker Now!.

 

For the record: regulators in Spain (CNMV), Cyprus (CySEC), Brazil (CVM), Malaysia (SC) and India (RBI) list Binomo as not authorised to offer its services in their countries.

Sources (checked 28 Oct 2026)