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Binomo review

On-line since: 2014
Country of origin: United Kingdom
Regulation: FMRRC
Payment options: VISA, MasterCard, Maestro, QIWI, Webmoney, MoneyGramm, NETELLER, Skrill, Western Union, wire transfers
Minimum account size: $10
Minimum lot size: -
Leverage: -
Spreads: -

About the company:

Binomo is a brokerage company which provides services for the binary options trading. It appeared in the market in 2014. The company is located in the UK, however, it also has offices in Russia and the CIS.
Binomo offers standard trading methods, including short-term, long-term, and one-click trading as well as free trading signals helping traders take right decisions.
The broker gives access to 140 trading instruments, including currency pairs, indices, shares, and commodities. Profitability of most trading instruments exceeds 80% and of some touches 94%.

Binomo 7/10 (votes 3079)
Comments Interested in other brokers?
Author of Binomo: fxyankbeb | Date 2018-02-13
I have a live account with Binomo since December and during that time I am comfortable while trading and withdraw the profit. I enjoy real account part that there are no re-quotes while order are executed smoothly without error. All is good until 15 January when they ask every trader to update the platform system, I’m losing my money because of maintenance fees, I don’t know how they calculate the charge but the deductions imposed do not comply with the existing provisions in the agreement. I chat their live technical support and they promise to process and recalculate the fees I should pay. And if more they promise will return it to my account. But until now the case still not solve yet and I don't get my money back.
Author of Binomo: Borbela | Date 2017-11-24
What I wanted to say here, please be careful when you put your fund into the trading account with Binomo. During the first time, process was quite okay and smooth and only after that they started to make a troublesome such as delayed the process which took more than 4 days for all deposit. I normally choose Neteller for payment and last week I did requested a withdrawal of $400 through it. The problem is my account was suddenly disabled after I made the request. I was so surprised about that, and contacted to the support team via e-mail. Even though they responded after 2 day but I still wish that they can resolved this issue but nothing happen. I was asked to submit the document again as they suspected a weird transaction in my account. After I done what has been instructed still nothing change. Now, I suspected that they are the one who is manipulating the case and I am totally don’t believe Binomo again. This time I got to say bye to this broker and guys please stay away from them!!
Author of Binomo: Willy | Date 2017-10-24
I had a standard account with Binomo, because I thought that the trading conditions fit to my needs, when I really started trading I could see that their platform is kind of convenient.Need some improvements in executions that in my opinion is not that fast. They had a very poor trading system and a very slow server, that caused me a lot of trouble also due to requotes and platform freeze. They do charge commissions when you make withdrawal.
Author of Binomo: Dibanka23 | Date 2017-09-27
I have very bad experience on withdrawal of funds with Binomo. I had $460 in my account and I made $315 profits last months and made a withdraw request of $350 using Neteller. After two hours when I try to log in my account I found that my account disabled. Immediately I was contact with their support via email they told me that I need to verify my account because they found some unusual activity in my account. I submitted all the required documents but they did not accept that. Still now, they hold my payment and profit made on it. Can anyone help me in getting my money back? Is there any way to get the money back? Please suggest me.
Author of Binomo: Raifu_4x | Date 2017-08-08
I use to think that Binomo was the best broker out there for option trading, but in recent weeks, my views have changed considerably. In the last four weeks or so the platform has repeatedly shut down. They change close prices and made it invalid if my orders are profitable. his is a great way to mislead people. So I've decided withdraw all my money and made a withdraw request of $300 via Webmoney but they still pending my withdraw request for more than 10 days now. Avoid this broker at all cost. How can I take my money back?
Author of Binomo: charlotte | Date 2017-07-17
first of all I would like to thank to binomo for the best service that they provide to me. I have been trading with binomo for almost 2 years and still using them because trading activity that they provide really well. I really enjoy trading with them and I can focus on my trading activity without worrying the platform would give any problem to me. So far I can trade without any error occurred and I can generate profit from the platform that they provide around 500-1000 USD per month. Their deposit and withdrawal also fast which less than 4 hours for deposit and less than 2 days for withdrawal transaction. Spread that they charge is competitive and minimum account size is 10 USD which is good for beginner to invest in small amount of money just to try their strategy with binomo. Thanks binomo.
Author of Binomo: Fuad | Date 2017-06-29
Binomo does not worth to be broker at all, I had a terrible experience trading on the platform, had issues with funding my account initially, it took their support department 2 weeks to resolve the issue, as if that was not enough, I have been trying to withdraw $200 which I managed to make trading on the platform but till now, I have not been able to make my withdraw, they are full of erorrs and mistakes!
Author of Binomo: bimbo | Date 2017-06-08
Thanks to Binomo which definitely helped me a lot in improving my trading skill better and successful. I have using this broker to be exactly for half year and it was a great experience. Before this I have been trading with demo account for a 3 weeks to see system deeper and try all of their trading tools that related with my trading strategy. This demo account really help me in increasing my confident level in trading and make me learn how to control money management and risk rewards. Currently, the profit generated has become an additional income and at least it help me to support any expenses in life. The monthly profit amount is 400 USD and I think it was good. In fact, I am still learning and improving trading techniques, wish more profit growing in the account soon. Thanks Binomo!
Author of Binomo: Zienty | Date 2017-06-07
I knew Binomo by my friend’s introducing since I looked for a broker to trading. I joined Binomo in 2 years ago, and I have great experience with this broker! I opened a classic account with them and I have not had any issue. Although, sometimes there has slow connection, when I trade but it’s not big issue to me, as far as I can make money with no problem in withdrawing of profits. When I started with Binomo's platform with a small deposit – 200$, but Binomo have proved to be a reliable broker. Thus, Binomo offers a wide range of payment system and minimum deposit is so affordable, and it’s really good for small traders like me. In addition, I like the range of instruments they offer to trade. At the moment, my account is over 1000$ and I hope I will make more profits in the near future. Thus, Binomo do their excellent job. I've tried many brokers but this is the best. So, I have no problem with Binomo, this broker has great customer service, fast deposit and withdrawals. Sum up, I will keep up with this broker – Binomo!
Author of Binomo: PipJakes | Date 2017-05-23
I have a very bad experience with Binomo. I use their platform for option trading. Last month I execute 20 option on USD related pair and my 13 order close with successfully and I earned $240 just in one day. Next day when I trying to login my account it showing my account has been blocked. Instantly I email them and reply me that they block my account because they found unusual activity in my trading account. That means making profit is unusual activity for them? This is unacceptable - stay away from Binomo!
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