Is Binomo legal and available in India?
A cautious, factual look at where Binomo stands in India. It is an offshore platform, not licensed by SEBI and named on the RBI Alert List. Read this before you decide.
Open a Binomo account →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 on it carries regulatory risk, FEMA-related banking questions and high market risk, and the "up to" payout figures 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 lists Binomo on its Alert List of unauthorised electronic trading platforms
- Its IFMRRC certificate and Category A Financial Commission membership are international, not Indian, approvals
- Under FEMA rules, sending money abroad to an unauthorised platform can create legal and banking risk for the trader
- Not being licensed is not the same as a criminal ban on the individual trader — it is an unregulated grey area, not official permission
- Treat it as high-risk and unregulated: fixed-time trading can lose your whole stake on any trade
Frequently asked questions
Is Binomo SEBI registered or RBI approved?
No. Binomo is not registered with SEBI and is not approved by the RBI — the Reserve Bank of India lists Binomo on its Alert List of unauthorised electronic trading platforms.
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 as an unregulated offshore service, and sending money to it can raise FEMA and banking questions.
Is Binomo a scam?
It is a real, operating company and a Category A member of the Financial Commission, so it is not a fake site. That is separate from being unregulated in India, which it is.