Binomo-Overview of Binomo

Binomo Information

Binomo is an unregulated broker, offering trading on goods, equities, currency pairs, indices and cryptos on Binomo trading platform. The minimum deposit requirement is $10. The broker offers demo accounts.

Pros and Cons

Is Binomo Legit?

No. Binomo currently has no valid regulations. Please be aware of the risk!

What Can I Trade on Binomo?

Binomo offers trading on goods, equities, currency pairs, indices and cryptos.

Account Type

Here are five account types Binomo offers:

Binomo Fees

Binomo does not charge any commissions or fees for deposits and withdrawals. However, there is a limit on the number of withdrawals without a fee for certain countries. If clients are from such a country, they can withdraw funds once every 24 hours without a commission. If clients exceed that limit, the fee will be 10%.

Trading Platform

Deposit and Withdrawal

Binomo accepts payments via bank card, bank account, e-wallet and crypto wallet.

Withdrawals directly to a bank card are only available for cards issued in Ukraine or Turkey. If clients are not from these countries, they can withdraw to your bank account, an e-wallet, or a crypto-wallet. Bank account withdrawals are available if the bank is in India, Indonesia, Turkey, Vietnam, South Africa, Mexico, and Pakistan. Withdrawals to e-wallets are available for every trader who has made a deposit.

It usually takes payment providers from a few minutes to 3 business days to credit funds to clients' payment method. In rare cases, it can take up to7 days due to national holidays, payment providers policy, etc.

The minimum withdrawal limit is $/€10 or an equivalent of $10 in the account currency.

The maximum withdrawal amount is:

• Per day: no more than $3,000/€3,000, or an amount equivalent to $3,000.
• Per week: no more than $10,000/€10,000, or an amount equivalent to $10,000.
• Per month: no more than $40,000/€40,000, or an amount equivalent to $40,000.