Binomo is a well-known online trading platform offering a product they call fixed-time trades, which is essentially binary options under another name. The fact that the platform is called Binomo also show you where it has its roots, even if it now using a different terminology.
Binomo is active in many different countries and is especially popular in Asia, Africa, and Latin America. Founded in 2014, it is owned and operated by the Dolphin Corp LLC. Examples of countries where Binomo is well-known among traders are India, Indonesia, and Brazil.
Binomo appeals to novice traders by permitting small deposits and having a platform that is very easy to use. The focus is chiefly on very short-term trading contracts.In essence, Binomo offers a beginner-friendly, straightforward way to trade binary options with competitive payouts and low financial entry requirements. While its offshore regulation means traders have less formal protection, its long operational history, flexible funding options, and simple interface make it a popular choice in regions where binary options remain legal.
Platform and Trading Experience
The Binomo platform is web-based and also available as a mobile app for iOS and Android. It is designed for straightforward execution: select an asset, choose the expiry time (from 60 seconds to one day), decide the trade amount, and pick whether the price will go up or down.
The interface includes some basic charting tools (candlestick and line charts, trend lines, and a small selection of indicators such as moving averages and RSI) but serious technical analysis is better handled on external platforms.
Payout rates
Payout rates are displayed before the trade is placed and typically range between 70% and 90%, depending on the asset, expiry time, and market conditions.
Underlying Assets Available For Binary Options (Fixed-Time Contracts)
Binomo offers a moderate selection of underlying instruments for binary options trading, including:
- Forex pairs
- Commodities
- Stock indices
- Individual stocks
- Cryptocurrencies
While its asset variety is smaller than many competitors, the focus is on liquid, frequently traded markets, which helps maintain payout competitiveness.
Examples of underlying assets:
Forex pairs, such as EUR/USD, USD/JPY, AUD/USD, and GBP/USD
Commodities like gold, silver, and crude oil
Indices, e.g. FTSE100, S&P 500, NDX, DAX, Nikkei 225
Individual stocks, such as Microsoft, Amazon, and Apple
Cryptocurrencies such as BTC, ETH, LTC, XRP, and ADA.
Account-Tier-Specific Add-ons
Depending on your account level, you can gain access to additional assets.
- Gold Accounts get extra assets, including GBP/CHF, USD/DKK, Twitter, Nvidia, Yum Brands, Intel, Starbucks, Visa, Weibo, Qualcomm, JPMorgan Chase, Ferrari
- VIP Accounts get those Gold assets plus additional VIP-assets, including EUR/HKD, EUR/CHF, EUR/AUD, CAD/CHF, GBP/AUD, Apple, Alibaba, Netflix, Tesla, Citigroup, eBay, Meta
Higher account types can also offer slightly higher payout rates on fixed-time contracts.
Deposits and Withdrawals
One of Binomo’s biggest selling points is its low entry barrier, as minimum deposits start at around $10, making it beginner-friendly and hobby-trader friendly.
Funding methods include bank cards, wire transfers, e-wallets, and crypto transfers (for certain accounts). Withdrawals are typically processed within one to three business days, with e-wallet transactions often completing faster than bank transfers. As with most brokers, account verification is required before processing withdrawals.
Examples of popular methods for deposits and withdrawals:
- Major bank cards like Visa, MasterCard, and Maestro can be used for deposits. Withdrawals are only possible if the card was issued in Ukraine, Turkey, or Kazakhstan.
- E-wallets such as Skrill, Neteller, Perfect Money, and Advcash. Also region-specific e-wallets like PhonePe (India), Dana, PayTM, and Hizli Papara (Turkey).
- Cryptocurrency transfers for BTC, LTC, and ETH.
- Bank transfers are possible in certain countries, including Turkey, Pakistan, India, Indonesia, Vietnam, South Africa, and Mexico.
Regulation and Trustworthiness
Binomo is owned and operated by Dolphin Corp LLC, a company registered in Saint Vincent and the Grenadines (SVG). SVG is a jurisdiction known for not enforcing strict trader protection rules.
Dolphin Corp LLC has the registration number 915 LLC 2021. It´s registered address is Euro House, Richmond Hill Road, Kingstown, St. Vincent and Grenadines.
Neither Binomo nor Dolphin Corp LLC is supervised by the financial authorities of SVG. Instead, Binomo is advertising its membership in the International Financial Commission (IFC). While this might sound official, the IFC is simply a private organization that offers dispute resolution (mediation) between traders and brokers for its members. IFC´s decisions are not legally binding. It was founded in 2013 and is based in Hong Kong.
While Binomo is not subject to any stringent oversight, the platform has been active for over a decade and maintains a large client base, which gives it a bit more credibility compared to the profusion of newly launched, and often short-lived, brokers that tend to populate the retail binary options sphere online.
Numerous users have reported delayed and blocked withdrawal requests. The verification requirements that must be fulfilled before withdrawal can be opaque and difficult to fulfill, especially compared to how easy it is to make a deposit.
Be aware that bonus offers can come with heavy and complex requirements.
VIP users are commonly assigned account managers, and some users have complained that they do not get quick attention from their assigned manager.
Strengths and Weaknesses
Strengths
- Low minimum deposit starting at $10
- Simple, intuitive platform design
- Competitive payout percentages up to 90%
- Multiple deposit and withdrawal options
- Over a decade in operation (opened in 2014) and has a large user base
Weaknesses
- Not licensed and supervised by any governmental financial authority
- Charting and analysis tools are basic
- Many of the underlying assets are only available to higher account levels
Why Are Traders Choosing Binomo?
Binomo is a popular pick for traders who want a simple, low-cost way into retail binary options without sacrificing payout potential. With a minimum deposit of around $10, it’s accessible to beginners, casual traders, and anyone who does not like to make a big first deposit when trying out a new platform.
The Binomo platform is built for speed and ease of use. Trade setup takes seconds, payouts can reach up to 90%, and the interface works just as smoothly on mobile as it does in a web browser. For traders who want to focus on execution rather than wrestling with complicated software, this streamlined design is a plus.
Funding flexibility is another reason traders choose Binomo. Support for bank cards, e-wallets, and cryptocurrency transfers makes deposits and withdrawals straightforward. E-wallet and crypto transactions tend to process faster, which is a bonus for active traders moving funds frequently.
Binomo´s focus on liquid, high-volume markets keeps trade execution consistent and payout rates competitive. Combined with over a decade in the market, Binomo’s operational track record makes it appealing to traders who want a long-running, recognizable platform.