Binarium – review and feedback on the binary options broker

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Binarium – Is It a Scam?

Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

Binarium – DO NOT TRADE WITH THIS PROVIDER

Binarium is a broker that offers trading in binary options via a web-based platform. While the website itself doesn’t really give much information about the account types available, when you sign-up, you get to choose from 5 different account types.

The basic account is called the Start, which has a minimum deposit requirement of $5, has a minimum trade size of just $1 and has a payout of as much as 90%. The other accounts are the Standard (with a minimum deposit requirement of $100), Business (with a minimum deposit of $50), Premium (with a minimum deposit of $2,000) and VIP (with a minimum deposit of $5,000).

Try these regulated brokers if you want to start trading cryptocurrencies

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

Founded: 2020

Regulations: Unregulated

Languages: English, German, Russian, Turkish, Thai, Vietnamese, Italian, Polish, Spanish, Ukrainian

Deposit Methods: Visa, MasterCard, Bank Wire, Neteller, Yandex, QIWI, WebMoney.

Minimum Deposit: $5

Free Demo Account: Yes

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Number of Assets: N/A

Types of Assets: Currencies, Cryptocurrencies, Commodities

Trading Accounts and Conditions

Binarium is a broker that offers trading in binary options via a web-based platform. While the website itself doesn’t really give much information about the account types available, when you sign-up, you get to choose from 5 different account types.

The basic account is called the Start, which has a minimum deposit requirement of $5, has a minimum trade size of just $1 and has a payout of as much as 90%. The other accounts are the Standard (with a minimum deposit requirement of $100), Business (with a minimum deposit of $50), Premium (with a minimum deposit of $2,000) and VIP (with a minimum deposit of $5,000).

Upon going through the trading terms, we found nothing that was seriously alarming, which is something that makes this broker seem legitimate.

Binarium – Advantages

Here are the advantages of trading on Binarium:

High Payouts

When we checked the EURUSD binary option, we found that the payouts reached as high as 90%, which is quite high by industry standards, and beneficial for traders.

The Turbo options offer even higher returns.

Low Minimum Deposit Requirement and Bet Size

Binarium allows you to start trading with a minimum deposit of just $5, which is actually one of the lowest amounts in the industry. The minimum bet size of $1 is also one of the least in the market. This is a big plus, as it means that you can manage risk much better.

Demo Account Available

Binarium offers a demo account to its clients so that you can test the trading conditions before you start putting in money. This is another big plus, since binary options brokers generally don’t offer this facility.

Range of Deposit and Withdrawal Options

Binarium offers its clients a range of deposit and withdrawal options. It supports the standard credit and debit options of MasterCard and Visa and traditional bank wire transfers. It also supports alternate options such as Neteller, WebMoney, Yandex and QIWI.

When we inspected the payment methods, we found nothing troubling about the broker’s offerings.

Binarium – Disadvantages

While Binarium has a number of great advantages, there are some serious disadvantages that make us a little wary of this broker. Here is the list:

Unregulated

The biggest issue we have with Binarium is that it is not regulated. The broker states on its website that it is owned and operated by a company called Binarium Ltd. This company is registered in St. Vincent and the Grenadines (SVG), but also has offices in Cyprus, Latvia and Ukraine.

The problem is that brokers in SVG need only to register with the local Financial Services Authority (FSA), which clearly states that it does not regulate binary options brokers.

While the company has claimed to have offices in various European countries, this claim is in all probability false, since binary options trading is not permitted in the EU.

Brokerages that operate in the European Union are subject to stringent regulations, and those that are not being regulated by financial agencies are basically operating illegally in the region.

Regulated brokers are required to have substantial capital adequacy requirements, ensure that their clients’ funds are kept separate from the broker’s, issue regular reports of all transactions on their platforms, provide their customers with negative balance protection, and so on.

Since unregulated brokers do not offer any of these facilities, your investments are actually susceptible to substantial risk. And since Binarium is proven to be an unregulated broker, we would advise you not to trade with Binarium.

Plus500

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

AvaTrade

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

CNMV Blacklist

Binarium has been blacklisted by the CNMV (Comision Nacional del Mercado de Valores), the Spanish financial regulatory authority, as a possible scammer.

This is because the broker offers trading options in European countries – including Spain – but it is not regulated in any way under any EU nation’s laws. What this basically means is that Binarium is operating illegally in these countries.

Thus, it would be best if you not invest your money with this broker.

Simplistic Trading Platform

It is common for binary options brokers to offer a simplistic web-based trading platform, and Binarium is no exception.

It has to be said that the broker’s trading interface is easy to use and is equipped with several market indicators. However, it is very simplistic and does not have the more advanced tools that other platforms such as the MetaTrader 4 support, such as automated trading, charting options or even analytics tools to assess the markets.

Conclusion

The challenge with Binarium is that there are a number of things that it does right. It’s terms of trade are very trader-friendly. It offers a range of deposit and withdrawal options that are above-board. It has high payouts and low bets, and it offers its customers a demo account to try practice before they put in real money.

However, there are some serious red flags because of which we would strongly advise you not to trade with Binarium. The broker claims to have trading offices in different countries in Europe, but it is not regulated by a single European financial authority.

This in itself would be worrisome, but the seriousness of the situation is made worse because the broker has been blacklisted by the Spanish financial authority, the CNMV, as a possible scammer.

Therefore, despite the fact that this broker does have some really great advantages, the fact that it is not operating legally is a huge warning to all traders to stay away from Binarium.

Binarium Review

Introduction

Offering their services since 2020, Binarium is one of the more established binary options brokers. Their proprietary platform was built for traders by traders and designed to give both new and experienced traders precisely the experience they want. While based in St. Vincent and the Grenadines with an office in Cyprus, they don’t have a CySEC license.

While their trading platform delivers an excellent user experience on both desktop and mobile, they currently don’t offer a mobile app. They do however make the site available in many different languages and provide their services to many countries excluding the UK. Most of the information you need is visible from the home page, and the site is easy to navigate.

When choosing the right broker for you, there is a lot of information to consider. Our team of experienced experts do the hard work for you. As expert traders themselves, they thoroughly review each broker and only present you with those that are both legitimate and that offer a good user experience.

In this review, you will learn:

    What binary options trade types are available The special features and benefits of this broker Their account types, trade types and bonuses

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

As with most binary options brokers, increasing levels of deposit will unlock additional features of the platform. As well as the live accounts, once you open an account, you will automatically be granted access to the demo platform with $1,000 of free virtual funds to use.

This demo account means that you can try out the platform without having to commit any of your funds to your practice trades. The demo account allows you to become accustomed to the platform and the various account types, which are:

Basic Account

For just $10, you can open a Basic account with Binarium. In return for this small deposit, you can place trades on any of the available assets with a minimum of $1, around the clock. Withdrawals will take five working days, but with all deposits, you automatically get access to $1,000 of virtual funds on the demo platform.

Premium Account

The most popular choice of account, a Premium account requires a deposit of $500. In exchange for this, as well as round the clock trading you also get withdrawals within three working days, a personal trader, individual trading tutorials and bespoke trading signals. A deposit match bonus is available at the entry level of $500 but capped at this level for all other accounts.

Business Account

The next level up is the Business account which requires a deposit of $5,000. In addition to the many benefits of the Basic and Premium accounts, you will also have access to a personal strategy and trading plan development. Although a higher deposit is required, the bonus is only available up to $500.

VIP Account

As with most brokers, there is often a VIP account which unlocks all of the trading features, and Binarium is no exclusion. With a deposit of $10,000, VIPs can enjoy all of the above plus a few added benefits including withdrawals upon request.

If you are a beginner and haven’t traded before, then the Basic account gives you access to try out the platform without risking any more than $10 of your money. If you decide that you want to invest more, you can upgrade your account to a higher level at any time.

Trade Types And Payouts

Some brokers offer lots of different trades while some offer one or just a few. The most popular binary option offered by all brokers is the traditional High/Low. In addition to this, Binarium also provides a couple more:

High/Low Options

Otherwise referred to as Call/Put, under/over or above/below, the High/Low option is the most popular form of binary options trade. You need to predict whether the value of the asset will rise or fall from the price at the point of entry. If you anticipate that it will increase and the price is higher at the end when the trade expires, you win, if the price is lower, you don’t. These options are an excellent way for beginners to get to grips with binary options and are by far the most popular.

One Touch Options

The One Touch trade requires the price to touch one of two set points before the expiry time, usually above and below. These trades can be more profitable than High/Low options but they can also carry a greater risk as the accuracy required is higher than merely predicting if the asset will rise or fall in price.

60 Second Options

There are many different expiry times available on options with Binarium. They can range from seconds to a month. The 60 Second option is also called a turbo option. It is fast paced and perfect for beginners who want to get used to the pace of trading and want quick returns. While it can increase the balance of your account quite quickly, it can also decrease it.

When it comes to payouts on offer, they vary depending on the type of options traded. High/Low trades attract payouts of up to 80% while those using One Touch options can receive profits of up to 800%.

Binarium seems to offer everything that the new and experienced trader needs.

Bonuses And Promotions

There is a bonus available when depositing between $30 and $500. The reward is automatic when transferring funds; however, you won’t be eligible for a match of the total funds. The bonus maxes out at $500 or 100% of your deposit, whichever is smaller.

If you deposit $30, you will have $60 to trade with, and if you deposit $500, then you will get $1,000. Like most brokers, the funds aren’t available for immediate withdrawal so you will have to trade them a certain number of times first.

Mobile Trading

While there is no app available for Binarium, their mobile offering is excellent. Just visit the website on your phone, and the site will render on whichever device you are using.

You can carry out all of the same functionality of the desktop site on your mobile, and it is optimised to make the user experience effortless. The same chat box that appears at the bottom of the desktop site appears in the same place on the mobile allowing you to contact support without issue.

Deposits And Withdrawals

You can deposit to your Binarium account using several methods. The most straightforward and most obvious is perhaps debit or credit card with both Visa and Mastercard accepted. E-wallets and bank transfers are also accepted. The minimum deposit requirement is $10. To make a withdrawal be careful to check how long it will take your funds to reach you.

Withdrawal times can range from immediate to 5 working days depending on the type of account that you have. Use the same method that you used to deposit to receive any funds, conversion or transaction fees may also be payable so watch out for them.

Special Features

Special features of the site seem to be plentiful. In a crowded market, it is essential for brokers to offer enough to entice new customers and then to keep them. The minimum deposit and trade amounts make this an attractive offering and the fact that they have such an accessible demo account with $1,000 available to anyone who opens an account.

In addition to this, there are no downloads required, and the proprietary trading platform is easy to use and navigate. There are a variety of trading options available, and the payouts are excellent.

Customer Support

Customer support is very accessible. There are many methods in which you can contact someone. For a start, there is the live chat function which appears in the bottom right-hand corner of the website on both desktop and mobile.

In addition to this, you can contact someone via mobile phone, Skype, email or telephone. You will also find a link to their Facebook page if you prefer a more public forum.

Here are the contact details for Binarium:

    Email – [email protected] Phone – +35 722 052 784 Address – Binarium Limited, Suite 305, Griffin Corporate Centre, P.O. Box1510, Beachmont, Kingstown, St. Vincent and the Grenadines

Conclusion

In conclusion, Binarium seems to offer everything that both the new and experienced trader needs. From the types of accounts and options available to the mobile offering and bonuses, they tick all of the usual boxes.

While they don’t have a CySEC or ASIC license, the fact that they have been operating for so long with a good name should be an indicator that they are trustworthy and reliable. If you want a broker that offers a good, all-around trading experience, then Binarium should make your shortlist.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is Binarium legit, will they scam me?

Having been trading since 2020, Binarium has a good name in the binary options market. Although they don’t have a CySEC or ASIC license, this doesn’t seem to deter people from trading.

Do they have a decent mobile or tablet app?

In short, the answer is, no, they don’t have a mobile or tablet app. What they do offer though is a responsive website that is easy to use on any device.

What bonus do they offer new traders?

Bonuses are available with deposits from $30 to $500. The bonus is a 100% match of your deposit, capped at $500. To receive the bonus, you only need to open an account and deposit your funds.

Can I start trading on a free demo account?

Yes, you can start trading on a free demo account, but you must open a live account first. By depositing $10, you will receive $1,000 of virtual funds and access to the demo platform to spend it.

What’s the minimum deposit and trade amount?

The minimum deposit required to open a Basic account with Binarium is $10, and the minimum trade amount is a dollar. Binarium is ideal for new binary options traders.

Shelly is proud of her current position as Head of Brand for a well-known organisation that owns several brokerages in the trading sector. She’s consulted for us since 2020 and readers can benefit from her insider knowledge of how brokers work.

Binarium – review and feedback on the binary options broker

вњ… This Trading Platform is available in United States

Binarium: Review of prospective binary options brokers

Many analysts, economists and other specialists who study the global financial market say that today, on the Internet or print media, it is almost impossible to find a broker with an impeccable business reputation. In the World Wide Web, on request about the activities of the company providing online trading services, on the first pages of any search engine there will necessarily be websites claiming that they are scammers, “one-day” companies, scammers, etc. Of course, we are talking about well-known and promising brokers , capable of satisfying the demands of professional traders who operate with huge amounts.

If you perceive such information as 100% truth, then it turns out that all operations with binary options, stock or currency markets are ordinary financial pyramids or other fraudulent schemes. Of course, this can not be. In most cases, negative feedback, articles, “black lists” are custom content of competitors, which can not be considered as a key factor in deciding whether to register on this trading platform. But on the other hand, among these accusations there are necessarily real user reviews that can help other novice traders save their savings. What to do in such situations?

Best of all, independently examine the main indicators and results of the broker’s activity, find objective reviews about it, make a list of negative and positive characteristics, and then highlight all the important parameters of the trading platform, taking into account these sources of information. As an example, you can use the trading platform Binarium, with a huge amount of both negative and positive feedback on the network.

Binarium: overview of the main advantages / disadvantages of the company

The presented trading platform was founded in 2020 and deservedly considered to be one of the best in the entire post-Soviet space. This company, from the first days of its existence, monitors changes in user interests and the development of the financial services market. The application created for Binarium and the continuous improvement of the company’s web resource allow it to occupy one of the leading positions among the multilingual brokers.

Security

Today, it is difficult to find a person who can entrust a large amount of money to an unknown company for conducting commercial operations if he is not provided with guarantees of meeting his obligations. But, the broker under consideration, for five years of work in the financial market has managed to win the trust of traders and other subjects of the market of trading assets. This was facilitated not only by the timely implementation of agreements, but also by factors such as:

в—Џ A unique proprietary platform developed by the company’s specialists.

в—Џ Availability of training materials.

в—Џ A large number of assets.

в—Џ Lack of verification.

в—Џ Insurance of transactions and a small minimum deposit amount.

The use of the ssl-certificate is practically a 100% guarantee for the safety of the personal data and financial assets of the broker’s clients. In case of any unforeseen situations, customers can contact the support service, which works around the clock, without days off. For these purposes there are: online chat on the site, e-mail, telephone and skype.

By creating a login on Binarium, you can not be afraid of illegal actions of the broker, whose activities are controlled by: the Center for Regulation of Financial Market Relations and the Cyprus CySec regulator.

Education of users on the trading platform

The company in question pays much attention to training its customers. On the web resource, you can find a special course for beginners that will help you understand what the financial market, binary options, trading tools, etc. The resource administration recommends that novice platform users watch educational video lessons, and trained trading strategies will become irreplaceable assistants to study various options for profit, working on the company’s website.

What should a newbie trader know about Binarium

After registration and training, you can test your capabilities (without risking your own capital), using the demo account prepared for Binarium. But at this training beginner does not end, he needs to carefully examine all the requirements, transaction conditions, financial issues and other requirements of the company, in order to avoid possible misunderstandings in the process of work.

Trading account

The following types of accounts are provided on the company’s website:

в—Џ Basic. Deposit 5 dollars, withdrawal of money within 5 days.

в—Џ Premium. Deposit 500 $, withdrawal of money – 3 days. There are: account management, individual training and a personal trader, as well as trading signals.

в—Џ Business. A deposit of 2 thousand dollars, withdrawal of money is carried out within 1 day. To the above advantages it is necessary to add the analysis of the market from a personal trader (2 times a month), joint trade (2 weeks), and the development of personal strategies and trade plans.

в—Џ VIP. The minimum deposit is from 10 thousand dollars, the withdrawal of money is carried out at the first request of the client, and to all advantages of the “Business” account it is necessary to add that, for VIP clients, joint trade takes 4 weeks, and the market analysis – 2 times a week.

Almost all the reviews prepared for Binarium contain the following information about the accounts of the company’s traders:

в—Џ The minimum deposit is 5 dollars / euro.

в—Џ The rate is 1 dollar.

в—Џ Income of options from 85% to 93%.

в—Џ There are bonuses and other methods for encouraging active traders.

Deposit / withdrawal of funds

Many users of the system who posted on the Internet prepared about Binarium reviews, claim that they never had problems with replenishment of account or withdrawal of money.

For these purposes it is best to count on:

в—Џ Debit / credit cards (Visa or MasterCard).

в—Џ Yandex money.

Trading assets

A trader who registered an account on the site, can enter into transactions:

в—Џ By binary options

в—Џ Currency pairs.

в—Џ Goods and indexes.

If after studying this article, you still have doubts about this broker, you can create an account at any time and check how the presented platform works.

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1 comment to “ Binarium – review and feedback on the binary options broker ”

I was pleased with the Expertoption broker. Honestly, I did not expect such a profit level. The result was pleasantly surprised – everything is working fine, and they made a profit quickly enough.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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