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 Capital Markets Authority (CMA)
- The operator is Dolphin Corp LLC, offshore in St. Vincent and the Grenadines, running since 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
- Offshore certification amounts to IFMRRC plus Financial Commission category A, whose compensation fund reaches €20,000
- Because it is unlicensed locally, deposited funds are not protected under Kenyan law
- Sign-up is 18+, and a fixed-time contract can forfeit 100% of its stake
Where the platform stands, in one table
| Question | Answer |
|---|---|
| Licensed by CMA? | No |
| Locally regulated in Kenya? | No |
| Certification held offshore | IFMRRC, plus Financial Commission category A with a fund reaching €20,000 |
| Blocked by CMA? | Yes — binary-options block, February 2022 |
| Local protection for funds? | 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.
What happens to my money if something goes wrong?
No. Because Binomo is not licensed locally, funds are not protected under Kenyan law. Consider the risks carefully.