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    Binomo

    • Saint Vincent and the Grenadines Saint Vincent and the Grenadines
    • 2-5 years
    • Suspicious Regulatory License
    • Non MT4/5 Software
    • Suspicious Scope of Business
    • High potential risk
    WikiFX Score
    Comparison

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    Licenses

    No valid regulatory information

    Please be aware of the risk!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Open for free

    Broker Information

    Company Name

    Dolphin Corp LLC

    Phone of the company

    18499366003

    Company website
    https://binomo.com/en
    Customer Service Email Address

    support@binomo.com

    Company address

    First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines

    Pyramid scheme complaint
    Expose

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    Warning: Low score, please stay away! 2
    2022.07.05

    It has been verified that this broker currently has no valid regulatory, please be aware of the risk!

    The number of the complaints received by WikiFX have reached 40 for this broker in the past 3 months, please be aware of the risk and the potential scam!

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    Brokers WIKIFX REPORT: APAC Managing Director of Binomo talks about growth in financial trading

    As businesses and sectors adopt innovative solutions such as digital payments, online banking, online trading and cashless transactions, technology is reshaping economies. Financial operations are altering as a result of digital technologies in capital markets.

    WikiFX
    2022/5/25 3:30:55
    WIKIFX REPORT: APAC Managing Director of Binomo talks about growth in financial trading
    Brokers WIKIFX REPORT: Binomo announces launch of special events and incentives for new users

    Online trading platform Binomo hosts one million investors from 133 countries every day, including Pakistan. Binomo, which has taken firm steps to support investor candidates in Pakistan, has decided to offer special opportunities to new users.

    WikiFX
    2022/5/25 3:28:49
    WIKIFX REPORT: Binomo announces launch of special events and incentives for new users
    Brokers WIKIFX REPORT: Investment Task Force Asks Residents Not To Play Binomo Cs: It's Gambling, Just Guess

    The Investment Alert Task Force (SWI Task Force) warns the public to be careful of affiliates or influencers who provide binary options and illicit brokers that are not registered with the Ministry of Trade's Commodity Futures Trading Supervisory Agency (CoFTRA) and have the potential to harm the public.

    WikiFX
    2022/5/24 10:36:40
    WIKIFX REPORT: Investment Task Force Asks Residents Not To Play Binomo Cs: It's Gambling, Just Guess
    Brokers WIKIFX REPORT: Binomo Increases Profitability for Most Assets on the Trading Platform

    Since 2014, Binomo has been a broker registered in St. Vincent and the Grenadines under the name Dolphin Corporation. While waiting for a CySEC license, the company has a FMRRC certificate, making them a regulated broker.

    WikiFX
    2022/5/24 10:10:21
    WIKIFX REPORT: Binomo Increases Profitability for Most Assets on the Trading Platform
    Brokers WIKIFX REPORT: Open doors to new financial opportunities with Binomo

    With new-age investment options floating in the market, more and more people are shifting from conventional investment schemes like saving money in the bank fixed deposits to modern-day financial opportunities like trading.

    WikiFX
    2022/5/24 10:06:03
    WIKIFX REPORT: Open doors to new financial opportunities with Binomo

    Binomo

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    Binomo

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    Binomo
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    Binomo · Company summary

      General Information & Regulation

      Binomo is a Seychelles registered offshore Forex and CFD broker, established in 2014 to provide services to short-term traders and is not currently subject to any effective regulation.

      Market Instruments

      With Binomo, traders can get access to forex currency pairs, stock, indices, etc. Tradable assets available on the Binomo platform seem not that rich compared with many other brokers, as some popular assets like cryptos, ETFs, and precious metals are not available.

      Minimum Deposit

      Binomo offers three types of live accounts: Standard ( with a minimum initial deposit of $10), Gold ( with a minimum initial deposit of $500), and VIP, which requires a deposit of $1,000/€1, 000 or currency equivalent. Moreover, Binomo also offers tournament accounts as well as demo accounts (containing 1,000 USD of virtual cash).

      Binomo Leverage

      Leverage related information cannot be found on the Binomo official website.

      Binomo Spread

      Binomo seems somewhat vague about its transaction fees, or spreads, commissions. According to sector standrads, the spread on EUR/USD pair is around 1.1 pips to 1.5 pips.

      Trading Platform

      Binomo offers traders its own internal trading platform and a trading platform with a Mobile App (for tablets, iOS, and Android).

      Deposit & Withdrawal

      Binomo supports traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, Advcash, WebMoney, Perfect Money, Bitcoin, and Litecoin payment methods with a minimum deposit amount of $10/£10 or equivalent amount of other currencies.

       Binomo Cons

      Binomo Disadvantages Include:

      1. No regulation

      2. Non-MT4 trading platform

      3. No information on product spreads provided

      4. Not providing services in popular regions such as the United States, Canada, Australia, etc.

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.