Is Binomo Legal in Indonesia?
A factual look at Binomo’s legal status in Indonesia — licensing, the 2022 Bappebti block and the risks before you decide.
Open a Binomo demo →Binomo is not licensed by Bappebti and is not locally regulated in Indonesia. Bappebti blocked binary-options platforms, Binomo included, in February 2022, and access in Indonesia is restricted. Funds are not protected under Indonesian law, and fixed-time trading is high risk — read the status carefully before you decide.
Binomo’s legal status in Indonesia
- Binomo is not licensed or authorised by the Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti)
- It is an offshore platform operated by Dolphin Corp LLC in St. Vincent and the Grenadines, launched in 2014
- In February 2022 Bappebti blocked a large batch of binary-options websites, Binomo among them, and Indonesian authorities pursued a criminal fraud case linked to the platform
- Its offshore certification is IFMRRC plus Financial Commission category ‘A’ (a compensation fund up to €20,000)
- Because it is unlicensed locally, deposited funds are not protected under Indonesian law
- You must be 18+ to sign up; fixed-time trading is high risk and can forfeit 100% of a stake
Legal status at a glance
| Question | Answer |
|---|---|
| Licensed by Bappebti? | No |
| Locally regulated in Indonesia? | No |
| Offshore certification | IFMRRC; Financial Commission cat ‘A’ (fund up to €20,000) |
| Blocked by Bappebti? | Yes — binary-options block, February 2022 |
| Funds protected locally? | No |
Frequently asked questions
Is Binomo legal in Indonesia?
No. Binomo is not licensed by Bappebti, and in February 2022 Bappebti blocked binary-options sites including Binomo. It is an offshore platform, and access from Indonesia is restricted.
Is my money protected?
No. Because Binomo is not licensed locally, funds are not protected under Indonesian law. Consider the risks carefully.