Binomo Nigeria Review: binary options trading broker

Binomo was introduced in 2014; it is one of the many binary options brokers online and it was established by Stagord Resources Ltd. Binomo Platform is technologically advanced and really user friendly. Binomo does not only deal on binary options, they also allow trading on Crytocurrencies like Bitcoin and Litecoin. Not much is known about Binomo because they are not so popular in Nigeria and there have been some negative reports from Binomo customers. We shall be looking into this binary broker and what it is all about.

How to open a Binomo Account

It is easy to open a Binomo account and the registration process can be completed within a minute, all you have to do is follow the below steps;

  • Visit the website and Click on Sign up at the top of the page
  • Fill in your email address and create a password
  • Select your preferred trading currency (Naira, Dollar or Euro)
  • Agree to the client agreement and privacy policy and you are done
  • You can also sign up using your Facebook or Google account

You can also open a demo account which requires no initial deposit to practice before proceeding to open a real account. Binomo has mobile apps for both android and IOS devices and you can download them from the Google play store and the Apple store respectively.

Binomo Account Types

Apart from the Demo account, Binomo has three main account types which are;

  1. Standard account: Minimum deposit of $10 is required
  2. Gold account: Minimum deposit of $500 is required
  3. VIP account: Minimum deposit of $1,000 is required

 Deposit and Withdrawal in Binomo


You can deposit money into your Binomo account through different payment platforms such as;

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  • Neteller
  • Qiwi
  • Skrill
  • Webmoney
  • Yandex Money
  • Fasapay and more

Minimal transaction charges are charged depending on the platform you choose to use and Binomo offers 50% bonus on all first deposit.


Withdrawal in Binomo can also be done using different payment platforms but the Withdrawal process is somewhat time consuming. This is one of the issues many customers get with Binomo, there have been reports of Withdrawal not going through, if you are lucky enough you can receive your money within 24 hours, in some cases it may take longer.

Binomo Customer Support

Binomo has been impressive with their customer support system; customers can easily reach them through their contact page. On the contact page, phone numbers are made available that you can call, email addresses are also present. You can also fill the contact form to send a message directly to them and expect a reply soonest through your mail.


Some see Binomo as a scam; others see Binomo as one of the top binary options broker in Nigeria. However, I think Binomo may be a good binary options broker, but with reports so far, I can say it is not the best option for Nigerians.