Binomo Review 2024: Is A Scam Or Safe? Unbiased Pros & Cons

Binomo Review

One of the modern approaches to generate additional income is trading. Today, there are many trading platforms, but quick profit generating platforms like Binomo India have garnered a lot of popularity in a short time. However, the question remains whether they are safe? So, to find it out, let’s take a closer look at the platform’s regulatory approvals and how you can earn extra income in this detailed Binomo India Review 2024

At first glance, the platform seems to have an emphasis on the technological aspect of trading by allowing users to benefit from the ups and downs of the underlying asset. 

That’s not all! You will need to scroll down to get comprehensive information about the broker. In this detailed Binomo Review 2024, we will provide in-depth and research-backed analysis of the platform based on the findings from the functionalities, registration, application and other features.

Binomo Review 2024: Quick Overview

Official Website 
Headquarters St. Vincent and the Grenadines
Established Year  2014 
Minimum Withdrawal  $10
Supported Currencies  USD, GBP,  CAD, EUR 
Customer Support 24×7 via E-Mail and Chat
Financial Instruments  Stocks, Commodities and Indices
Account Types  Demo, Standard, Platinum and VIP

Binomo Review 2024: Is It A Scam?

No, Binomo is not a scam, as it has obtained an operating license from the International Financial Commission (IFC) and is accredited with A category certificate. IFC is the one which is responsible for making all the decisions related to trading. Being a member of IFC, the website maintains a high standard of trading and business practices. 

binomo india

Additionally, the platform has managed to gained a good reputation among its users, which is clearly evident from Binomo reviews on Trustpilot.  It has got a rating of 4 out of 5 stars, which is based on 489 consumer reviews. The ratings and reviews clearly indicate that the Binomo trading platform is not a scam and is continuously trying to improve its financial services to satisfy customer needs. 

Binomo India Review 2024: Top Safety Features 

As per our Binomo review 2024, we can conclude it to be a safest trading platform, thanks to the top security measure the company implements on its platform.  Here’s how Binomo keeps clients’ safety at the top:

  • SSL security measures
  • Clients data protection
  • Your funds, credentials, and banking details are completely secured. 
  • Even traders can’t withdraw or deposit funds without verification. 
  • Complies with AML (Anti-Money Laundering (AML) policy. 

Binomo Review 2024: A Look At Available Trading Platforms

The user-experience of the Binomo website and mobile app is excellent, with easy-to-navigate icons. However, lackness of advanced trading platforms like MT4 and MT5 is still a major drawback. Overall, the web-based and Binomo app offerings are enough to overshadow this drawback.

Web Based App 

Traders can use the web version of the application on the desktop which provides in-depth analysis of trading. 

  • Market Live Rates 
  • Pocket-Friendly (Easy To Access) 
  • Real-Time Analysis (Current Market Rates) 
  • Faster Transactions
  • Research Reports

Mobile App

Binomo Mobile App is available for Android and iOS users they can install the application from the Google Play Store and App Store. 

  • User-Friendly Interface
  • Notification Alerts
  • Market Live Rates 
  • Pocket-Friendly (Easy To Access) 
  • Real-Time Analysis (Current Market Rates) 
  • Faster Transactions
  • Research Reports
  • Market-Related News Updates

How to Download Binomo App?

In order to download Binomo app, follow these steps:

  • Go to Play Store or App Store on your phone. 
  • Search Binomo on the Google Play Store or App Store 
  • Click on Install. After installation completes, launch the app. 
  • Now, log in or Sign Up with your credential details 

Binomo India Review 2024: Account Types & Their Features

Binomo primarily offers three types of accounts, along with a free demo trading account. Asper our Binomo review 2024, the platform’s account offering is exceptional.  


  • Offering 48 types of instruments
  • Traders can participate in tournaments
  • Bonuses upto 100%
  • You can withdraw the amount within 3 business days. 
  • Can avail the benefit of upto 100% bonuses 
  • Profitability of up to 85% 
  • Happy Hour Facility is available


  • You can trade in 61 types of financial instruments. 
  • Gold members can participate in tournaments 
  • Bonuses upto 150%
  • You can withdraw the amount within 24 hours. 
  • Can avail the Profitability of up to 90% 
  • Happy Hour Facility is available 
  • Gold member avail 5% of cashback 


  • 74 trading assets are available for trading 
  • VIP members can participate in tournaments 
  • Bonuses upto 200%
  • You can withdraw the amount within 4 hours
  • Can avail the Profitability of up to 90% 
  • Happy Hour Facility is available 
  • VIP members can avail 5% of cashback.


  • Offering 32 types of financial instruments
  • Traders can participate in tournaments

Binomo India Review 2024: How to Create an Account? 

Creating an account on Binomo trading platform is super-fast and easy. All you need to do is follow these steps:

  • Visit the official website i.e., binomo. com and click on ‘Register’ icon. 
  • Now, create a new username and a strong password.
  • Tap on ‘Create an Account. 
  • the next step is to enter the phone number, email address, and personal details.
  • You’ll soon receive an OTP, enter it and you’re ready to start trading on the platform.

Binomo Review 2024: Binomo Login Process?

You can log in to the Binomo Platform within just a few minutes by following the steps mentioned below:- 

  • Visit the official website and click on the ‘Sign In’ button.
  • Now, enter your Binomo login credentials.
  • After that, you’ll be redirected to your account dashboard.

Note:- Also, you can directly log in with your Facebook or Google accounts

Binomo Fees Reviewed

Deposit and Withdrawals

Binomo India doesn’t charge any fee on trading and deposits. However, there’s a flat withdrawal fee of 10% on every request. According to our findings in this Binomo review 2022, we can say the platform’s fees are in accordance with the industry-standards.

Binomo Review 2024: Payment Methods

The platform supports all major payment methods for providing hassle-free deposits and withdrawals. The incorporation of UPI methods is such a admiral feature of the platform.

Here’s a list of Binomo India deposits & withdrawal methods

  • Paytm 
  • PhonePe
  • UPI
  • IMPS

Binomo Tournaments 

Binomo has a separate community that is responsible for conducting tournaments and competitions. The official website lists various competitions , such as Tiger, Prestige, Fortnight, and Victory.

Traders can participate in these events and get a chance to win prizes or awards. However, these events are for a limited period. The Paid competition has a prize pool that starts from $10. 

Let’s take a closer look at ongoing Binomo India Tournaments:


The users of Binomo India can participate in the Tiger tournament and can earn up to Rs. 43,97,700. The participation fee of the contest is set at Rs. 4,000. Additionally, the tournament will end on 10-11-2022.


The Prestige is a paid tournament, which offers a prize fund of Rs. 4,397,700.00 to winners. the participation is limited to 1540 members only.

Binomo Bonus & Promotions

The platform offers three-tier bonus program. In 1st tier, users get a 25% welcome bonus on first deposit. For further information and eligibility to earn 100% bonus, you can head to Binomo official website.

Binomo India Review 2024: Pros & Cons

Pros  Cons
Hassle-free & quick sign up process Services not available in the US & some European countries
Low minimum deposit starts from $10
Free demo account to test 
Generous tournaments & Contests
Lucrative bonuses

Binomo Review 2024: Customer Support  

The customer support team of Binomo responds to customers’ queries promptly. You can get in touch with the support team through the following ways:- 

  • 24*7 Chat Support
  • Drop an email at [email protected]
  • Binomo office is located at Dolphin Corp’s headquarters, First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent, and the Grenadines.

Why Should You Choose Binomo India? 

Binomo has been serving in the industry for over 8 years and have given so many reasons why traders should choose this platform. 

Here’s a list of reasons why you should choose Binomo India:

  • More than 30+ Lakh users
  • Services in more than 130+ countries. 
  • 75+ Trading assets are available on the platform
  • 24*7 Chat Support 
  • Low minimum deposit i.e. ₹ 400

Binomo Review 2024: Conclusion 

As per Binomo India Review 2024, we can conclude it to be a safe and secure online broker as it has implemented the robust security measures to the platform.  

In addition to this, the official website has many ongoing promotional tournaments that rewards users for participation.

However, the platform still misses out at some points, including unavailability of MT4 platform and lack of regulatory compliance. So if you want a more reliable and feature-fledged trading platform, heading to InvestBy is the decision you will never regret. The platform is regulated, charges low fess and offers advanced trading platforms like MT4.


How To Contact Binomo Customer Care?

You can contact Binomo Customer Care by dropping emailing at  [email protected] or through live chat support. 

How Can I Delete Binomo Account? 

Follow the step mentioned below to delete your Binomo Account 

  • Open Your Binomo Account on a device that you are using
  • Click on your profile image 
  • Tap on the Personal Info Secyopm
  • Keeping scroll down until you don’t see the “Block account” button.
  • Enter your password information and click on the Block Account button. 
  • Think carefully before closing the account because once you have blocked it, you cannot recover your account. 

What Is Binomo’s Minimum Deposit?

The Binomo Minimum Deposit is ₹400. You can deposit funds in your account easily through Credit/debit cards, UPI or e-wallets like PayTM.  

Is Binomo Safe?

Yes, Binomo is safe for trading as it has implemented SSL security measures to protect clients’ funds. Even when you log into your Binomo account, it asks for verification every time. So it is a fully safe and secure trading platform. 

What Is Binomo App Review?

Binomo has created a good position in the trading market by getting good consumer reviews. Additionally, it has received 4 stars out of 5 on the Trustpilot Website. 

Where to Download Binomo App?

You can download the Binomo App from Google Play Store or App Store. The web-based version is also available, which you can access on a desktop. 

How To Log in to Binomo Account?

For login, users must visit the official website of Binomo and provide details like username and password. To proceed further, click on login and then start trading.

Is Binomo Safe To Invest In?

Yes, Binomo is a safe trading platform as it complies with the regulations of International Financial Commission (IFC) and is accredited with A category certificate.

What Is Your Review Of Binomo?

As per our Binomo review, the platform has created a good position in the trading market by getting good consumer reviews. Additionally, it has received 4 stars out of 5 on the Trust Pilot Website.

Is Binomo Legit or Scam In India?

Binomo India is a registered trading platform in India. in terms of regulations, the platform complies with the regulations of International Financial Commission (IFC) and is accredited with A category certificate.

Is Binomo Good For Binary Options Trading In India?

Yes, Binomo is a good alternative for trading binary options in India as you can start with as low as $10 on the platform. Additionally, the platform’s safety makes it even more convenient.