Is Binomo Legal & Available in India?
A cautious, factual look at Binomo's status in India. Binomo is an offshore platform — it is not licensed by SEBI and appears on the RBI Alert List. Read this before you decide.
Go to Binomo →Binomo is not licensed or approved by SEBI, and the Reserve Bank of India lists it on its Alert List of unauthorised electronic trading platforms — so it is not officially authorised in India. It is a real, operating offshore platform run by Dolphin Corp LLC rather than a fake site, but it is unregulated here: trading it carries regulatory, FEMA-related banking and high market risk, and the "up to" payouts are never guaranteed.
Binomo's regulatory status in India — the facts
- Binomo is operated by Dolphin Corp LLC, registered in St. Vincent and the Grenadines — an offshore jurisdiction
- Binomo is not licensed or authorised by SEBI or any Indian financial regulator
- The Reserve Bank of India (RBI) lists Binomo on its Alert List of unauthorised electronic trading platforms
- Binomo holds an IFMRRC certificate and is a Category "A" member of The Financial Commission — these are international, not Indian, bodies
- Under FEMA rules, sending money abroad to an unauthorised platform can create legal and banking risk for the trader
- Fixed-time (binary-options-style) trading is high risk and, in India, is often treated more like speculation than a regulated investment
Binomo in India — status summary
| Question | Answer |
|---|---|
| Licensed by SEBI? | No |
| On the RBI Alert List? | Yes |
| International certification | IFMRRC + Financial Commission category "A" |
| Officially authorised in India? | No |
| Risk level | High — you can lose your deposit |
Frequently asked questions
Is Binomo SEBI registered or RBI approved in India?
No. Binomo is not registered with SEBI and is not approved by the RBI — the Reserve Bank of India actually lists Binomo on its Alert List of unauthorised electronic trading platforms. Its IFMRRC certificate and Financial Commission membership are international approvals, not an Indian licence.
Is Binomo banned or illegal in India?
Binomo is not licensed in India and sits on the RBI Alert List, but that is not the same as a criminal ban on the individual trader. It operates in a legal grey area as an unregulated offshore service, and sending money to it can raise FEMA and banking questions. Treat it as high-risk and unregulated rather than officially permitted.
Is Binomo a scam or legit?
Binomo is a real, operating company and a Category "A" member of The Financial Commission, so it is not a fake website. But being a real company does not mean it is safe: it is unregulated in India, fixed-time trading is high risk, and payouts shown as "up to" a percentage are never guaranteed. Most negative reviews relate to trading losses rather than the platform not existing.
Is Binomo safe to use in India?
No trading platform is truly safe when it is unregulated in your country and the product itself can lose your whole stake. Binomo holds international certification but no SEBI or RBI approval, so there is no Indian regulatory protection if a dispute arises. Never trade money you cannot afford to lose, and read this page fully before you deposit.