Binomo Platform Review for People
In this Binomo review, we’ll delve into all the nuances of this service. We’ll look at what the company does, its history, and the tips for growing your portfolio by making sharp trades. Our review will shed some light on whether or not it’s ideal for speculating assets.
What Is Binomo?
It is a website specializing in options where beginners and professionals can speculate on assets, from stocks and FX to crypto. It doesn’t include commissions and gives investors easy access to the worldwide markets via a simple user interface. Check out some features below:Location | St. Vincent and the Grenadine |
Website | |
Licensed | International Financial Commission |
Tradable Assets | Stocks, CFDs, Currencies, Cryptocurrencies |
Demo Account | Yes |
Mobile Compatible | Yes |
Banking Methods | Bank Transfer, e-wallets, Bank Cards |
Min Deposit | $10 |
Min Trade Limit | $1 |
Indian Users | Accepted |
Company Details
It started up back in 2014 and belongs to Dolphin Corp. The service holds several awards.
Is Binomo Legal In India
Yes, and it has existed in the Indian market since 2014. While it’s not licensed in India it does hold legitimate offshore licenses.
Licensing And Regulations
Binomo holds a highly regarded license from the IFC, based in London, England who is highly respected in its segment. The licensor regularly audits the firm, handles customer complaints, and guarantees a percentage of users’ funds. See the license below.
Binomo Registration Process
The website provides a simple registration process, letting users quickly sign in and begin straight away. To ensure you avoid any issues when signing we will break down the whole process in-depth.
Go To The Sign Up Page
Navigate to the sign up page by hitting the “Sign in” tab as shown in an example:

Verify Your E-mail
After creating a Bionomo login, you must authenticate your email in a two-step process.
Access your profile and hit the “Confirm Email” button

2. After that, check for a message with a verification link.


Verify Your Phone Number
Upon authenticating your email, consider doing the same with your number. This ensures that any sensitive data will stay out of reach for frauds. VIP clients get a personal manager. To complete this process, provide your number and hit “Confirm.” You’ll get a text with a code you must type into the corresponding field.
Complete Your Account Profile
The final step is filling out these details:
Name
Date of Birth
Gender
Country


Start Trading
Upon signing up, go ahead and cash in via any method you see fit. While the transfer is processing, browse the marketplace and find the perfect asset.
To begin:
Pick the ideal asset class for speculating and the sum of the operation
Select time horizon
Select direction
Finalize the deal
Account Types On Binomo India
At Binomo India, users are offered several accounts tailored to meet the needs of different users. Each type has unique features including access to certain financial markets, faster withdrawal times, and investment insurance. Let’s describe each of them in-depth.
Free Account
Once you sign in without topping up your wallet, your account’s status is “free.” This unlocks several features:
Assets | 23 |
Cash-outs | No |
Deposit Bonuses | No |
Payout Rate | N/A |
Cashback | No |
Tournaments | Yes |
Investment Insurance | No |
Personal Investment Advisor | No |
Loyalty Prizes and Gifts | No |
Standard Account
This one provides much more flexibility and functionality. You can unlock it when cashing in $10+.
Assets | 41 |
Cash-outs | 72 hours |
Deposit Bonuses | 100% |
Payout Rate | 85% |
Cashback | No |
Tournaments | Yes |
Investment Insurance | No |
Personal Investment Advisor | No |
Loyalty Prizes and Gifts | No |
Gold Account
For serious traders, there is a Gold account. To unlock it, you must add $500+. For this, you get even more freedom:
Assets | 54 |
Cash-outs | 24 hours |
Deposit Bonuses | 150% |
Payout Rate | 90% |
Cashback | 5% |
Tournaments | Yes |
Investment Insurance | Yes |
Personal Investment Advisor | Yes |
Loyalty Prizes and Gifts | No |
VIP Account
For pro users who need every tool possible, they have a VIP account. It grants a user a set of handy features:Assets | 61 |
Cash-outs | 4 hours or less! |
Deposit Bonuses | 200% |
Payout Rate | 90% |
Cashback | 10% |
Tournaments | Yes |
Investment Insurance | Yes |
Personal Investment Advisor | Yes |
Loyalty Prizes and Gifts | Yes |
Is Binomo Safe
The service has over 1 million active traders and has offered superior service since 2014. We’ve seen no evidence of any Binomo scams over the Web. It is licensed by a top international finance governing body that routinely audits the site.
Funds Management
At Binomo, your deposits are insured and secured, with greatly reduced chances of losing them. Also, the site must follow strict regulations concerning separating and protecting traders’ funds based on its license with the IFC.
Account Safety
Whatever happens, your data always remains secure. To take money out from the site all users must verify their identities and banking method. It also has a top customer support team that is quick to lock any activity if they suspect fraud. The site also employs A-grade encryption so that payment details remain secure.
What Can You Trade On Binomo In India
Indians are actively opting for the site because of the assets supported by it. Go ahead and trade almost everything under the sun. Have a glance below for more info.
Currencies
You may pick from 10 currency pairs. The top one is EUR/USD which has lots of opportunities with tiny spreads. Stable market liquidity makes it a perfect variant for both quick and long-term deals.
Commodities
These refer to raw materials forming the backbone of any economy. You may opt for a whole range of commodities, including:
Gold
Oil
Steel
Corn
Indices
These are a set of certain asset classes providing exposure to certain aspects of the economy. You may pick from an array of indices like the S&P 500.
CFD
This is a derivative dependent on an underlying asset but the owner does not physically own it. Suppose you buy a dollar CFD. You don’t actually have dollars in your virtual pocket, but you own a contract whose value fluctuates with the dollar’s price. You may find CFDs for all kinds of assets.
Cryptocurrencies
Earn some rupees on your favorite crypto increasing or decreasing. Currently, you may pick from these crypto variants:
Bitcoin
Bitcoin Cash
Litecoin
Demo Account Vs. Real Money Trading
The site features demo accounts. The idea behind them is simple - users are given $1000 in play funds for practicing. Naturally, you’re blocked from earning real cash; however, you won’t lose a penny. This is only for testing out new software and trying out new strategies. If you’re a newbie, make a few training deals and gain some basic features figured out before taking financial risks. You can delete it whenever you want.
How To Use Binomo
Binomo is newbie-friendly, providing maximum functionality to both newcomers and professional traders. Let’s highlight some of its key user features.
Trading Hours
You may access international markets around the globe anytime, 24/7. Certain markets such as crypto are open round the clock. However, please take note that some asset classes such as stocks typically trade Monday to Friday from 9 am to 5 pm local time.
Risk/Profit Ratio
This ratio shows how much a user may expect to make for every $1 they invest. A ratio of 1:20 means that for every dollar, you may earn $20. A high ratio means an increased level of risk. Adjust your trade size accordingly.
Spreads & Commission
These are the buy/sell ratio (AKA bid and ask) for the asset’s price. If Trader A places the top bid at $100 while Trader B places the lowest ask at $110 the spread is $10. There’s also a commission a site charges for every deal. The site has very low spreads and zero fees.
Leverage
This one refers to borrowing extra resources to bring up the sum of your deal. The website doesn’t currently offer leverage.
Chart Types And Indicators For Analysis
Traders use chart types to accurately visualize the asset’s price and use indicators to help them determine the price directions. Pick from various options, including:
Linear, Bar, and Candlestick Charts
Moving Average
Bollinger Bands
Alligator Indicator
To begin trading, proceed with a candlestick chart and use a combo of the aforementioned indicators to help form your winning strategy.
Helpful Trading Tools
Binomo is jam-packed full of helpful instruments to aid in increasing your win percentage. Amazing tools available for Indian users include support for cryptocurrency, trade cancellation, and a pending trade tool.
Support For Cryptocurrency
The site allows for instantly cashing in and out via Bitcoin and Litecoin. This amazing feature makes it incredibly simple to run financial transactions no matter when.
Trade Cancellation
You can cancel any pending deal anytime. After canceling, feel free to browse through the “History” section within your profile to recall some of the previous actions.
Pending Trade Tool
Upon submitting a trade that hasn’t been filled, it’ll go straight to your pending trade section where you may read the needed info concerning the deals waiting to occur.
Binomo Trading Step - By Step
Figuring out the website could not be easier. We have broken the process down to each step so you can effortlessly place bids and asks.
Pick a Market For Trading
The main stage is picking a market for a deal. Click on the asset in the left corner and browse the menu that opened.

Make A Forecast And Analyze The Chart
After navigating to the correct market, the task is to guess where the asset will move. Use various indicators for some aid.

Pick The Amount For Investing
Another tricky task is to size your deal correctly. The amounts are always based on your bankroll and your ideal risk tolerance and are adjustable.

Set The Stop-loss And Take-profit
Upon picking your deal’s size, establish a stop loss (a price lower than the market) and take profit (a price above). If your stops are hit, the deal will close the very moment.
Start Trading
To finalize your deal simply hit the green button to bet on the pricing going uphill or red if you think otherwise.

Close The Trade Anytime
Upon creating the trade, you may close it anytime. Just proceed to your current trades and click close.

How To Deposit Money In Binomo From India
Supported Banking Methods
Indian traders have five methods to pick from:
Bitcoin
Litecoin
E-wallets
Bank transfer
Credit cards
Deposit Process
Proceed with these steps to add some funds and start opening deals right away!
1. Upon finishing the Binomo sign in, hit “Deposit”
2. Pick “Deposit funds,” and then a method

3. Pick how much you’re depositing

4. Fill in your data and finalize the operation

Fees And Limits
The site charges no fees, however, your payment medium may. Users can cash in up to $10,000, while the minimum one is $10.
How To Withdraw Money From Binomo
Supported Methods
Indian traders can withdraw via these methods:
Bitcoin
Litecoin
E-wallets
Bank transfer
Credit cards
Withdrawal Guidelines
Here’s how to cash out within minutes!
After you have logged in click “Deposit”

2. Proceed to “Withdraw funds”, pick the method, and specify the sum you’re cashing out

3. Fill in the required details and finalize the cash-out

Fees And Limits
Indian traders won’t face any fees when cashing out. Take note, though, that some limits are applied:
$10 minimum withdrawal
$3000 per day
$10.000 weekly
$40.000 per month
About Binomo Bonus Offers For Indian Traders
There’s a wide array of bonus deals to help Indian traders increase their bankroll and earn some extra cash. These bonus promotions include a welcome deal and a first deposit promo.
Welcome Bonus
Users can benefit from a 100% welcome freebie. The site will match your cash-in, for instance, adding $200, expect an additional $200 as a gift. To access this deal use this Binomo coupon code: MEGAUG100.
First Deposit Bonus
Upon your initial cash-in, you can receive 5% to 10% cashback meaning that you may receive this portion of your losses back. Besides that, you might be eligible for a hefty bonus reaching 200% of the cash-in. Only valid for Gold and VIP members, though.
Bonus Terms And Conditions
Bonuses must be used within the allotted time otherwise they are voided. For a gift, cash in at least $10. To receive cashback and a 150% to 200% bonus, you must add at least $500. Bonus money is subject to turnover requirements ranging from 30x to 40x.
Binomo App For Mobile Trading
They have a world-class app that’s perfectly compatible with modern devices. The app provides full functionality and users can easily cash in or out and trade all from their phones.


App Overview
The official Binomo provides perfect conditions for mobile users. Check them out:
Deposit - you can pick an array of methods in the app. Each of them is also present on the full-fledged site
Trade all markets - with the application, you have 50+ different markets at your disposal
Simple interface - browsing through the different markets is incredibly easy
Withdraw - after making some winning trades via your gadget, you can cash out via all methods from your device
How To Trade With The App
The app completely copies the website. Follow these steps to start making profitable bids from your gadget:
1. Pick the asset class you’re interested in.
2. Select the size of your deal and set its timeframes.
4. Click “Up” when opting for the price rising; otherwise, hit “Down”.
5. Finalize the process.

Customer Support
The platform is praised for providing fast and competent customer support. They gladly go the extra mile to take care of their clients and have the following features:
Support Availability | Languages | Methods Of Contact | Contact Details |
24/7/365 | 24 | Live Chat and Email | Live Chat - pop up window, simply log in to access E-mail - [email protected] |
Binomo Education Center
They have a certain portion of their website dedicated to educating newcomers. Discover lots of amazing resources spanning from beginner-friendly topics such as bankroll management and learning to control your emotions when trading to advanced strategies focusing on Bollinger Bands and Harami Patterns. Be sure to visit this education section. It is accessible through the site's homepage under education.
Binomo Reviews From Traders
The site has a 3.4-star rating on Trustpilot. In their Binomo reviews, users praise the design and features of the application, as well as the simplicity of the sign-in process. Users also have positive things to say about the site’s customer care team who are described as helpful and simple to reach. However, some traders have complained about slower than advertised withdrawal times.
Pros And Cons Of The Broker
While Binomo is a great service filled with lots of pros, prior to signing in, you should also consider some of the cons:
Pros
No commission
Lots of different markets
Great mobile app
Fast support
Crypto trading
Cons
No leverage
Located offshore
Not regulated in India
Limited payment methods
While the site surely has some cons, particularly if you’re a leveraged trader, we believe the number of pros makes this website incredibly valuable for Indian users of all levels.
Binomo Trading Platform Alternatives
While Binomo is a great site here are some alternatives worth checking out:
OlympTrade - Also regulated by IFC, over 200 different asset classes, has great 2FA security
OctaFX - Established in 2011 this service lets you place bids on crypto and FX. OctaFX has a great system for copying the actions of pro traders.
Binany. A decent variant for newcomers looking for some practice, as the website offers free training for users.
Etoro. A reliable service offering a wide array of assets. And a zero-fee policy makes it a go-to option for Indian users.
Iq Option. Cash in, get a 50% match to your wallet, and start making profits, copying the most lucrative deals.
Pocket. A relatively new player in the segment with an innovative approach to social trading.
Binary. One of the trustiest websites with the sweetest offers reaching $500 just for signing in.
ExpertOption - Super high payout of 95%, great 100% cash-in bonuses, and is completely mobile compatible.
Trading 212 - Instead of buying derivatives you can purchase and own various underlying assets, including Gold, ETFs, and stocks.
DEGIRO - Buy stocks globally and make all kinds of trades. DEGIRO provides money lending, and users can borrow up to $10,000.
Binomo Review Final Thoughts
In this Binomo India review, we explored all the nuances that make it so great while also giving you in-depth tips on how to begin benefitting from the site. Based on the data we’ve compiled, it’s safe to say that the service offers tremendous value and a great user experience to traders from all backgrounds due to a great UI, a great array of markets, and zero commission structure.
FAQ
What Is Binomo?
It is a grade-A service for profiting from all kinds of assets that fits both seasoned traders and newbies.
How To Use Binomo?
To use the site to its full potential, do the following:
Set up an account - enter a name, address, date of birth, e-mail
Cash in - hit “Deposit,” pick a payment methodology of this communication.
Make a trade - see details below.
Cash out - hit “Withdraw funds,” enter details and receive your money within 72 hours!
How to trade in Binomo?
To begin, just:
Pick the asset that seems the most promising
Select trade size
Set the time length of the deal
Pick the direction
Confirm your trade
How to cash out on the website?
For this:
Hit “Deposit”
Select “Withdraw funds”
Fill in the needed data
Conclude the transaction
How to change language in Binomo?
To change language, click on the personal data tab. Then click language and pick any language.
How to use the app?
For starters, you need to get it from GooglePlay or AppStore. Then top up your wallet and begin profiting from sweet deals. Simply pick the asset you’d like to start speculating on.