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Binomo Forex Broker provides real users with 3 positive reviews, * neutral reviews and 57 exposure review!

Binomo Broker Review

Rating Index
1.57
Regulation
0.00
License
0.00
Software Index
4.00
Risk Control
0.00
Business
7.47

Pros

User-friendly trading platform suitable for both beginners and experienced traders.
Low minimum deposit requirement of $10, making it accessible to a wide range of traders.
Extensive educational resources and a free demo account for practice.

Cons

Limited number of financial instruments compared to some competitors.
Primarily focused on binary options trading, which may not appeal to all traders.
Customer support has been reported as slow and unresponsive at times.

Binomo Review 60

All(60) Positive(3) Exposure(57)
Exposure
deposit 1000 dollars

I deposited $1,000, tried to withdraw it, and they blocked my account.

Mauricio Rojas
2025-11-23
Exposure
BINOMO IS A COMPLETE SCAM, BEWARE ALERT

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.

Vakita90
2025-10-04
Exposure
It won't let me withdraw my money

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.

FX2562215251
2025-07-17
Exposure
Funds cannot be withdrawn

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.

FX9075412862
2024-08-24
Positive
Binomo: Beginner-Friendly Platform with Low Deposits & Premier Education Tools

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!

Quinlan
2024-07-08
Exposure
Deposit fraud

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.

FX3877361689
2024-07-07
Exposure
Can't withdraw

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

FX3635050518
2024-06-28
Positive
Refer Friends, Earn Up to $100 Each - Spreading the Trading Love!

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!

Henry9
2024-06-27

Binomo 2025 Review: Everything You Need to Know

Executive Summary

This Binomo review looks at one of the new players in online trading that has caught traders' attention worldwide. The company has built a strong reputation with users recommending it 81% of the time based on 299 real customer reviews. Binomo offers a free demo account where traders can practice without risking money, and users love how fast trades execute on the platform.

The broker handles about 30 million successful trades each week, which shows how reliable and busy the platform is. Users give Binomo a solid 4.2 out of 5 stars, meaning most people have good experiences with their services. The platform works well for both new traders who want to learn forex trading and experienced traders who need a simple, fast trading setup.

Binomo focuses on being clear and quick. Users often talk about how easy the trading interface is to understand and how trades happen right away. This makes Binomo a good choice for many different types of traders who want something that's both easy to use and complete.

Important Disclaimer

Binomo works in 133 countries around the world. But users should be careful because we don't have detailed information about regulations, which can be very different depending on where you live. Traders should check the rules and requirements in their own countries before using the platform.

This review looks at user feedback, how the platform works, and information that's available to everyone. We used real user experiences and tested the platform, but this isn't personal investment advice. Your trading results might be very different based on market conditions, your trading plan, and how much risk you're comfortable with.

Rating Framework

Dimension Score Rating
Account Conditions 7/10 Good
Tools and Resources 8/10 Very Good
Customer Service and Support 7/10 Good
Trading Experience 8/10 Very Good
Trust and Security 6/10 Fair
User Experience 8/10 Very Good

Broker Overview

Binomo is an online trading platform that focuses mainly on forex and financial derivatives. The platform has become known for being easy to access and user-friendly, which attracts traders who want simple tools that still work well. The company's business plan centers on giving regular traders access to different financial markets through their own trading platform.

The company focuses on teaching and managing risk. You can see this in their free demo accounts and learning resources. This plan seems designed to build long-term relationships with traders instead of just focusing on getting lots of trades right away.

User feedback shows that Binomo's platform works for both new traders learning the basics and experienced traders who need fast execution. Binomo uses its own trading platform instead of popular third-party options like MetaTrader 4 or 5. This Binomo review notes that while this lets them customize and control the user experience better, it also means traders have to learn a new interface instead of using familiar industry-standard platforms.

The platform covers forex pairs and CFDs. However, we don't have complete details about all the instruments you can trade.

Detailed Platform Information

Regulatory Framework: We don't have specific regulatory information in our sources, which is something potential users should think about carefully. Traders should check regulatory compliance in their area before opening an account.

Deposit and Withdrawal Methods: Our sources don't list all the payment methods that Binomo supports. People interested in the platform should contact the broker directly to learn about current payment options and any fees.

Minimum Deposit Requirements: We don't have specific minimum deposit amounts in our materials. But user feedback suggests the platform has competitive requirements that work for different types of traders.

Promotional Offerings: We don't have complete information about current bonuses and promotional campaigns. Interested traders should check current offers directly through official channels.

Tradeable Assets: The platform supports forex and CFD trading, but you need to check directly with the broker for the complete list of assets. This includes specific currency pairs, commodities, indices, and other instruments.

Cost Structure: Users say spreads and fees are competitive, but we don't have specific pricing details including commission structures, overnight fees, and withdrawal charges. This Binomo review recommends asking for complete fee schedules before putting money in your account.

Leverage Options: We don't have specific leverage ratios available for different account types and locations in our sources.

Platform Technology: Binomo runs its own trading platform, which makes it different from brokers that use MetaTrader or other third-party solutions.

Geographic Restrictions: Binomo serves 133 countries, but we don't have details about specific restrictions or limitations.

Customer Support Languages: We don't have complete information about available support languages in our documentation.

Detailed Rating Analysis

Account Conditions Analysis (7/10)

Binomo's account setup gets a good rating based on user feedback showing satisfaction with account opening and general terms. User reviews suggest the platform has reasonable entry requirements and straightforward account management.

The account opening process seems smooth based on user comments. Traders report few problems during registration and verification. However, we don't have detailed information about different account levels, their benefits, and specific minimum deposit requirements, which prevents a higher rating.

Users like that demo accounts are available. These provide risk-free trading environments for developing strategies and getting familiar with the platform. This feature especially helps newcomers who can explore trading without spending money. The Binomo review data suggests that account holders generally find the terms reasonable, though we don't have specific details about account maintenance fees, inactivity charges, or upgrade requirements.

The platform's account verification seems efficient based on user feedback. But you need to check directly with the broker for current documentation requirements and processing times.

Tools and Resources Analysis (8/10)

Binomo does well at providing educational resources and trading tools, earning a very good rating here. The platform offers complete webinars and tutorials that users consistently praise for quality and usefulness. These educational materials seem designed to help traders at different skill levels, from basic concepts to advanced strategies.

The free demo account is a big strength. It lets users practice trading strategies and learn platform features without financial risk. User feedback shows that these demo environments accurately reflect live trading conditions, giving valuable preparation for real market trading.

Binomo provides various analytical tools and resources to support trading decisions. But you need to explore the platform directly for specific details about technical indicators, charting capabilities, and market analysis features. Users are satisfied with the educational content quality, suggesting the broker invests significantly in trader development resources.

The platform's commitment to trader education goes beyond basic tutorials. Users note that the provided resources have practical value. However, we don't have specific information about automated trading support, advanced charting packages, or third-party tool integration.

Customer Service and Support Analysis (7/10)

Customer service gets a good rating based on user feedback showing responsive and professional support interactions. Users report positive experiences with support team responsiveness, though we don't have complete details about available contact channels, operating hours, and multilingual support capabilities.

The support team seems knowledgeable about platform functionality and trading questions based on user testimonials. Traders report getting helpful assistance with account questions and technical issues, suggesting adequate training and resources for customer support operations.

Response times seem reasonable according to user feedback. But we don't have specific service level agreements or guaranteed response times. The quality of support interactions gets positive mentions from users, showing professional and helpful service delivery.

However, we don't have detailed information about 24/7 availability, live chat options, phone support, or specialized support for different account types, which prevents a higher rating. Users wanting complete support information should check current service offerings directly with the broker.

Trading Experience Analysis (8/10)

The trading experience gets a very good rating, mainly because of consistent user feedback praising trade execution speed and platform clarity. Users frequently mention that "placing trades is quick" and appreciate how clear the trading interface is, suggesting well-designed user experience and efficient order processing systems.

Platform stability seems strong based on user reports. There are few mentions of technical difficulties or system downtime affecting trading activities. The proprietary platform design seems optimized for straightforward trade execution, appealing to users who prioritize efficiency over complex functionality.

Order execution quality gets positive user feedback. But we don't have specific information about slippage rates, requote frequencies, or execution statistics. The platform's focus on speed and clarity seems to work well with users who value streamlined trading processes.

We don't have complete coverage of mobile trading experience details. But the overall positive user sentiment suggests adequate cross-device functionality. This Binomo review notes that traders should verify mobile platform capabilities based on their specific requirements and trading styles.

Trust and Security Analysis (6/10)

Trust and security get a fair rating, mainly because we don't have detailed regulatory information in our sources. Users report generally positive experiences and the platform maintains good user ratings, but the lack of specific regulatory oversight details is a significant consideration for security-conscious traders.

The platform's reputation among users seems positive. 81% of reviewers recommend Binomo and it maintains a 4.2-star rating across 299 reviews. This user satisfaction suggests adequate operational practices, though we don't have specific security measures, fund segregation policies, or insurance coverage details.

User feedback shows confidence in the platform's reliability for daily trading operations. But the absence of detailed regulatory framework information prevents a higher trust rating. Traders prioritizing regulatory oversight should independently verify compliance standards applicable to their jurisdiction.

The broker's handling of user funds and withdrawal processes seems satisfactory based on available user feedback. But you need to verify specific policies about fund segregation, compensation schemes, or dispute resolution procedures directly with the platform.

User Experience Analysis (8/10)

User experience gets a very good rating based on strong satisfaction metrics and positive feedback across multiple areas. The 4.2-star rating from 299 reviews and 81% recommendation rate show consistently positive user interactions with the platform.

Interface design gets particular praise from users who appreciate the platform's clarity and straightforward navigation. The registration and verification processes seem user-friendly based on feedback, with few reports of complications or excessive bureaucracy during account setup.

Users consistently highlight the platform's accessibility for both beginners and experienced traders. This suggests effective design balance between simplicity and functionality. The educational resources integration seems seamless, supporting users' learning progression without overwhelming the trading interface.

The overall user satisfaction metrics suggest that Binomo successfully delivers on its promise of providing an accessible, efficient trading environment. However, we don't have specific feedback about advanced features, customization options, or power-user functionality, which limits insight into the platform's appeal for highly sophisticated traders.

Conclusion

This comprehensive Binomo review shows a trading platform that successfully balances accessibility with functionality, earning positive recognition from a substantial user base. With an 81% recommendation rate and 4.2-star rating from 299 reviews, Binomo consistently delivers satisfactory trading experiences across diverse user requirements.

The platform particularly suits beginners seeking straightforward entry into forex trading. It also works well for experienced traders prioritizing efficiency and clarity over complex functionality. Binomo's strengths include user-friendly interface design, responsive customer support, comprehensive educational resources, and swift trade execution that users consistently appreciate.

However, potential users should carefully consider the limited regulatory information available and conduct independent verification of compliance standards applicable to their jurisdiction. While user feedback remains overwhelmingly positive, the absence of detailed regulatory oversight represents the primary limitation in this evaluation. Overall, Binomo presents a viable option for traders seeking an accessible, efficient platform with strong educational support, provided they thoroughly understand the regulatory implications for their specific circumstances.

Binomo review