Although the website is quite well-designed and very easy to use, Binomo has appeared on our list of unreliable binary brokers. Is Binomo legit? It is not, so let’s find out why.
Min. Deposit: $250
Trading Platform: Custom
US Clients: Not Available
This broker is scam! Sign up with 24options instead!
First of all, there is almost no information about the company provided. Possible address is the only thing we know about Binomo. Binomo Ltd is located in Hansa Bank Building, 1st Floor, Landsome Road, The Valley, Anguilla. In the “About US”, Binomo broker is not providing any specific info. After some research we discovered that the broker is certified by CROFR, Russian regulatory institution. We can consider Binomo to be unregulated, because CROFR license has no international recognition.
The website can viewed only in English and Russian.
Binomo Scam Account Information
Binomo offers 4 types of accounts to all users. They are available in USD, EUR and RUB. These packages are as follows:
The main problem with live accounts is that they offer mostly the same functionality. Binomo scam only adds up the bonus size with each real account package or reduces the time of the withdrawal processing. You can view the conditions of the most lucrative account below:
The overall number of tradable assets is said to be over 50, though Binomo allows to trade them all only on VIP. Unlike Binomo binary broker, good brokerages never provide any trading limits.
Binomo Scam Bonus Review
Our review discovered that there 1 active promotion at this website. The Binomo bonus is given upon making the first deposit. The size of the bonus is determined by the account type.
Binomo Review: Trading Platform
The majority of complaints and negative customer Binomo reviews was about their web-based platform. This binary options platform provides very slow order execution. Moreover, the connection is frequently lost and users often experience various lags. Problems with the software still remain unresolved.
Binomo Opinion: Customer Support
Binomo customer support can be reached using a phone, email or Skype. No live chat is accessible on the website. Clients seem to be unsatisfied with the quality of support. Agents are not resourceful and sometimes very rude to the users. Therefore, traders should not expect proper treatment at this binary broker.
Deposits and Withdrawals
The minimum deposit requirement is rather low – $10. To fund the account, clients can use Visa, MasterCard, Yandex Money, QIWI, WebMoney and Neteller. Our Binomo review did not find any information about wire transfers, because this transfer method is not even supported. The withdrawal is made in the same way as the deposits.
Binomo.com Review Conclusion
Binomo does not meet the contemporary customer needs. The absence of regulation and unfavorable trading conditions are just some of the pitfalls of this broker.Open an Account with 24option instead