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Independent rating of Forex broker Binomo

5/10 (votes 100)

On-line since
2014
Country of origin
Cyprus
Regulation
FMRRC
Payment options
VISA, MasterCard, Maestro, QIWI, Webmoney, MoneyGramm, NETELLER, Skrill, Western Union, wire transfers
Minimum account size
$10
Minimum lot size
1
Leverage
-
Spreads
-
Binomo is a European brokerage company. The brand is rather new as it was founded in 2014. Broker’s activity is regulated by the Financial Market Relations Regulation Center. The company provides its clients with access to options trading.
Binomo enables traders to choose from the most traded options such as binary, long-term, and pair options.
Importantly, the company provides all its clients with various training materials. On the broker’s official website, novice traders can find all needed tutorials, which are free of charge.  Besides, clients can always receive analytical support from experts at the company.
Binomo offers its clients trading via the SpotOption platform. Available applications for both mobile devices and tablets make trading even more convenient
According to the trading terms of this broker, the minimum deposit starts from $10 and minimum trade size is as low as 1 lot.
In addition to such attractive trading conditions, broker’s clients can get bonuses up to 50%. According to company’s statistics, investors can gain profits up to 94% trading with Binomo.   Unfortunately, the company does not offer free demo accounts to its clients that could be a serious drawback to cooperate with the broker.
You can get more information about trading with Binomo if you read the feedback on the company’s activity from real traders.

Comments

Author: Rossy Date: 2022-06-21 06:44:59 (UTC+3)
I'm saying that Binomo has the worst customer support ever. I was trading with them, and suddenly the platform hung when I was about to put my order, and it takes a lot of time to be back. But I have no idea how. Once the platform back, I lost half of my deposit. I believe it's a kind of error and I thought they would refund my money because I did nothing. I have called customer support and told them my problem, but the disappointing answer is they told me that they are not responsible for my loss. I mean, at least give me a clear answer and tell me how it's happened. But they keep telling me that they are not responsible. I'm so guilty to join them, and they are true Irresponsible broker. I advise all traders who want to join them, better think twice. I would like to stay away rather than lose money.
Author: Farello Date: 2022-02-09 05:33:44 (UTC+3)
Binomo is a fraud broker. I invested my money there, and I faced a difficult time during the withdrawal. I had a standard account with them, and on top of that, I am not a scalper for which they would mind doing the profit withdrawal. They closed my account after 2 months and seized my complete profit, including my equity, and gave some unknown reasons in the email. In addition, there has no clue about the deposit money during this year. I have been approaching Binomo with my complaint, but they ignore it. This broker really cheats their customers with false promises. I hope I can receive my deposit money soon. So I do not recommend them.
Author: Xenya Date: 2021-10-19 02:37:24 (UTC+3)
I'm trading with Binomo broker, and it's been more than a year. Everything was going well, until last 3 months thier platform started crashing and unstable. it seems they didn't take care of their trading platform properly. Because of that, I lost significant amount in my account. I lost $650 in single trade because platform crashed and hang when I was about to close my order. I got different position and my money is gone. I feel so disappointed to trade with them, so I decided to close my account at this boker.
Author: Jhune Date: 2021-09-21 05:08:08 (UTC+3)
One of my fellow forum member kept talking about Binomo so I got interested. The services were quite interesting and I was tempted to open an account. However, I was disappointed by their customer support because they do not answer promptly. I wanted to know more about the broker but they are not entertaining my inquiries.
Author: Mahesh Date: 2021-06-16 02:14:43 (UTC+3)
I can say that Binomo is not a good broker. They are unprofessional and not trustworthy. They cheated me. Here I invested $1000 then they forced me to deposit $2,000 and increase their treatment as soon as possible. When I deposited $2,000 I lost $500 on a GBP/USD trade so I wanted to withdrawal my $2500 and waited for a week but never got my money back. And I've called their customer support about this matter but they didn't pick my call. Please be aware all traders.
Author: Jana Date: 2021-05-31 06:45:28 (UTC+3)
Of all the brokers that I tried working with, Binomo is the worst. Their platform malfunctioned frequently which affected most of my trading activities. On top of that, it was very hard to reach their customer support even during trading hours.
Author: Nathalie Date: 2021-02-16 02:14:49 (UTC+3)
I did not like the performance of the trading platform of Binomo. The order execution is slow, and it is causing me to lose my money. I would not recommend them as a good broker. Their list of trading instruments is not complete, and the website is not intuitive and user-friendly at all. The platform is difficult to navigate, and my pending orders are not always processed. I should wait more than two weeks to withdraw my profits successfully. A lot of time and delays, it's really wasting my time. So, I decide to stop trading with them.
Author: Zaidi Date: 2021-02-03 06:06:28 (UTC+3)
Oh please, Binomo is a terrible broker! I had an account with them last year but all of my funds just went to the trading fees. Their spreads are too wide and it's not fair to the clients anymore. I had to close my account already before I incur more losses.
Author: Qesnatul Date: 2020-12-14 07:51:12 (UTC+3)
I have started option trading with Binomo around three months ago and I am extremely satisfied with them. Before Binomo I had did binary trading with two others but their SpotOption platform is the so far better than my previous broker. Their SpotOption platform is the perfect platform for binary trading. My opening invest was $650 and I withdrew my two months profit $570 through QIWI, it was just take less than 2 hours after confirmed from my e-mail. I will put my 2nd withdrawal tomorrow and expecting also this time they will processed it as like previous one. I highly recommend trading with Binomo for option trading!
Author: Ersoy Date: 2020-10-20 03:20:30 (UTC+3)
My trading experience with Binomo is worst. I found that their trading platform is very unstable, a lot of distractions. Also, their customer support can only be reached at a time when a certain time, not online 24 hours and the service is so unfriendly. I often had difficulty opening the website provided by Binomo. I should provide crucial information to all traders who want to join with this broker. Now you must think about it, stay away from this broker is better than wasting money and time trading with them.

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