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Binomo Review

Binomo Binary Options Broker

Binomo is an offshore Binary Options broker, that has been in business since 2014.

They are currently owned and operated by: Dolphin Corp, which is located at: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines. Contact phone number is in the Dominican Republic: +18499366003, and their email address is: [email protected]. Official website is: https://binomo.com/.

For withdrawal problems or complaints read this.

Binomo Brokers Review

Our review of the broker Binomo shows, that they offer a unique binary options trading software. Getting started is very easy as you are automatically sent to their demo trading platform to test out the usability and interface. They have a variety of Forex pairs, shares, commodities and market index available for trading. Standard payouts are 82% and up to 95% for VIP traders.

Before Binary Options were banned in many countries including the European Union, this broker was popular worldwide. Now they primarily cater to traders in countries like Brazil, India and Indonesian. The trading app and website is available in multiple languages including; English, Arabic, Korean, Mandarin, Indonesia, Malay, Spanish, Portuguese, Turkish and Polish.

Creating a new account is very quick and easy with their Google, Facebook and VK Connect. Getting started with a live trading account only requires a $10 initial deposit, and the minimum trade size is only $1. VIP accounts are available for investors with more than $1,000 in their trading account. Some of the benefits of a VIP account are cash back bonuses, 1 hour withdrawals, and returns up to 95%.

Binomo Binary Option Trading Tournaments
Binomo Trading Tournament

Is Binomo a Licensed Broker?

When the Scam Broker Investigator reviews a binary options broker to determine if they are legitimate or a scam, we check to see if they have a license. It is easy to know if a broker is licensed if they display a license number from the FCA, FSB or ASIC.

Binomo does not have a license, but rather they are a member of the Financial Commission.

Former ownership was; Tiburon Corporation Limited, Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str, Victoria, Mahe, Seychelles. Payment processing was handled by: Stagord Resources Ltd, Cyprus, and is now handled by Pollack Trade Ltd, Bulgaria.

You can find the complete list of licensed Forex brokers listed here.

Automated Trading Software

Most new binary options traders used an automated trading software or robot for trading, however most are get rich quick scams, read why.

You can see the most popular trading signals now available see here.

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If you are currently trading with Binomo, please share your experience with other new investors in the comments below.