Is Binomo Legal in Kenya?
A factual look at Binomo’s legal status in Kenya — licensing, the risks before you decide.
Open a Binomo demo →Binomo is not licensed by CMA and is not locally regulated in Kenya. CMA blocked binary-options platforms, Binomo included, in February 2022, and access in Kenya is restricted. Funds are not protected under Kenyan law, and fixed-time trading is high risk — read the status carefully before you decide.
Binomo’s legal status in Kenya
- Binomo is not licensed or authorised by the Badan Pengawas Perdagangan Berjangka Komoditi (CMA)
- It is an offshore platform operated by Dolphin Corp LLC in St. Vincent and the Grenadines, launched in 2014
- In February 2022 CMA blocked a large batch of binary-options websites, Binomo among them, and Kenyan 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 Kenyan 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 CMA? | No |
| Locally regulated in Kenya? | No |
| Offshore certification | IFMRRC; Financial Commission cat ‘A’ (fund up to €20,000) |
| Blocked by CMA? | Yes — binary-options block, February 2022 |
| Funds protected locally? | No |
Frequently asked questions
Is Binomo legal in Kenya?
No. Binomo is not licensed by CMA, and in February 2022 CMA blocked binary-options sites including Binomo. It is an offshore platform, and access from Kenya is restricted.
Is my money protected?
No. Because Binomo is not licensed locally, funds are not protected under Kenyan law. Consider the risks carefully.