# I want to know if binomo is a scam

**URL:** https://community.brokerchooser.com/t/i-want-to-know-if-binomo-is-a-scam/251
**Category:** Scam Broker Check 🛡️
**Tags:** not-trusted-broker
**Created:** [January 20, 2024, 4:47pm UTC](https://community.brokerchooser.com/t/i-want-to-know-if-binomo-is-a-scam/251 "2024-01-20T16:47:12Z")
**Posts on this page:** 2
**Page:** 1

<div class="post-metadata">

### Author: ![user49](https://avatars.discourse-cdn.com/v4/letter/u/9f8e36/32.png) [@user49](https://community.brokerchooser.com/u/user49)
#### Post date: [January 20, 2024, 4:47pm UTC](https://community.brokerchooser.com/t/i-want-to-know-if-binomo-is-a-scam/251/1 "2024-01-20T16:47:12Z")

</div>

Is Binomo a scam broker?

---

<div class="post-metadata">

### Author: ![nadam](https://sea1.discourse-cdn.com/flex019/user_avatar/community.brokerchooser.com/nadam/32/4_2.png) [@nadam](https://community.brokerchooser.com/u/nadam)
#### Post date: [January 24, 2024, 8:42am UTC](https://community.brokerchooser.com/t/i-want-to-know-if-binomo-is-a-scam/251/2 "2024-01-24T08:42:41Z")

</div>

Hi there,

thank you for your Unfortunately, Binomo is not a trusted broker and I wouldn’t recommend using it. We wrote a review on why it’s not a trusted provider: [https://brokerchooser.com/broker-reviews/not-recommended/binomo](https://brokerchooser.com/broker-reviews/not-recommended/binomo)

The reason why it’s not trusted is that it’s not regulated by a top-tier regulator, such as the UK FCA or US SEC. You can check it on Binomo’s website’s footer:

 ![image](https://us1.discourse-cdn.com/flex019/uploads/brokerchooser/original/1X/1700db6bb8e7405f8fd07cede471ff7709b4b873.png)

In addition, you can find regulated and reliable brokers here: [https://brokerchooser.com/broker-reviews](https://brokerchooser.com/broker-reviews)

If you have any further questions, please let me know.

Best,  
Adam