Binarium Review

Binarium is a global binary options broker that offers multiple financial markets, account types and base currencies. It is not regulated by any regulating authority. Binarium is a well-known broker that specializes in binary options trading. They use their own proprietary platform to facilitate these trades. In our 2023 review, we will analyse the broker’s minimum deposit requirements, payout levels, charting options, community forum and security features to name a few.

Binarium quick overview

(Risk Warning: Your capital can be at risk)

What is Binarium?

Binarium has been a trusted name in the online trading and financial services industry for a decade now. They specialize in international binary options trading and are committed to providing exceptional service to their customers. This platform was created by experienced traders with the intention of providing a straightforward trading experience for people with zero trading background. Through years of experience, the company has developed a strong understanding of the markets, allowing them to deliver an exceptional trading experience.

The company which is based in Saint Vincent and the Grenadines has a secondary office located in Nicosia, Cyprus. It’s important to note that this broker is not regulated by any financial body. It’s also important to point out that this broker and review has no association with Binarium Corp.

Trading Platform

Binarium was one of the first binary options brokers to offer its users a range of tools with which to capitalize on the fluctuating prices of financial assets. To facilitate this, the company has developed its own trading platform. The digital terminal page is designed to be accessible and easy to navigate for both experienced and new traders.

To access the platform, retail customers can utilize compatible web browsers or an app-based API. After logging in, users are able to watch tutorials showing them how to use the platform. Unfortunately, downloading these tutorials is not available for PC devices. A number of features come with this great trading platform, including: live price quotes, low trading cost of just $1, access to 12 different indicators along with a search bar to find instruments easily, the ability to view your full trade history at any time, and four chart types – Curve, Candle Stick, Bar and Curve area which can be used for short-term trades (up to 5 minutes) or long-term (up to 3 months).

Assets

Binarium provides its customers with the opportunity to invest in various markets and trade different assets. There are 8 Over-the-Counter (OTC) asset options that can be traded for a set period of time.

• A range of commodities such as coffee, gold, oil, silver, sugar, wheat and platinum are actively traded in the market.
• Investment in global markets can be tracked through indices such as the FTSE 100, DAX, Nasdaq and S&P 500.
• Forex traders now have a wide variety of 20 different currency pairs to choose from, including both major and minor pairs such as EUR/GBP and GBP/USD.
• Cryptocurrencies are digital assets used to make payments and store wealth. The three most common currency pairs involving Bitcoin (BTC) are the Euro (EUR), US Dollar (USD) and British Pound (GBP).
• Equities: trade stocks of some of the world’s top companies including Amazon, Apple, Microsoft and IBM

Fees & Leverage

When trading binary options, there are no fees associated with it. Instead, you may lose the entire stake placed in the contract if the prediction does not come true. If you are successful in a bet, you can expect to get your stake back plus additional returns of up to 80%, which is predetermined before making the purchase. Binarium does not offer margin trading services, so there is a maximum leverage limit of 1:1.

Mobile Apps

Binarium customers can now access its global trading platform on their mobile devices using an app. Users can download this app to their iOS or Android devices for free through the respective app stores. Mobile platforms boast the same features as their desktop counterparts, such as an intuitive user interface and various charting types. These state-of-the-art features allow users to stay informed and keep up with the ever changing market trends with ease. With access to a range of analytical tools, technical indicators and customisable graphs, you no longer have to be rooted to one place while dealing in financial markets. Now, you can stay plugged-in while on the go!

Payment Methods

Deposits

Opening a live trading account is easy and affordable for new investors, as the minimum deposit requirement to activate an account is only $5 or its equivalent. This low requirement makes it a competitive option in the market. Clients are limited to a single transaction deposit of $10,000. Various account funding options and currencies like USD, EUR, AUD and Ukrainian Hryvnia are accepted by the broker. Binarium offers free deposit services and pays for any third-party charges that may incur during the transaction. The accepted funding methods include:

• Credit/debit cards- including Visa, Mastercard and MIR
• Qiwi
• Neteller
• WebMoney
• Yandex Money
• Free-Kassa
• Bank Wire Transfer
• Cryptocurrencies – Bitcoin, Ethereum, Litecoin, and Ripple

Depending on the region you live in, some methods of depositing funds may not be available. All payments are processed immediately and will show up in your account instantly.

Withdrawals

Generally, the lowest amount you can withdraw through a payment method is $5 or its equivalent. Your broker may also reimburse third-party charges related to your withdrawal, depending on factors such as your trading volume and initial deposit amount. As an example, the company will not cover your withdrawal fees if the total amount of trades is not two times greater than your initial deposit. Verified accounts can take advantage of the expedited withdrawal processing time of 1 hour.

Demo Account

Binarium offers a free demo trading account which can be accessed through its website, with US dollars as its base currency. Demo accounts are very beneficial to traders, especially those new to trading. They provide a platform where you can simulate real life trading conditions and markets, without risking any of your actual funds. These accounts come with up to $10,000 virtual funds that can be used for trade practice and testing a strategy. To gain access to a demo account, all that needs to be done is filling out an online registration form. Clients can easily switch between real and demo accounts from the trading terminal itself.

Deals & Promotions

Binarium offers several financial promotions for its customers, including a welcome bonus for newcomers making an initial deposit, risk-free trades and tournaments. These incentives allow users to benefit from investments and trading even more than usual. No free bonus was offered. The size of the bonus depends on the size of the deposit and account status. It is important to note that any bonus money you might receive will be deposited in a separate account, so it does not mix with the capital already deposited.

Following our review, we discovered that funds acquired through a bonus or tournament cannot be withdrawn unless a minimum trade amount is reached. In order to access the welcome bonus, customers must complete a turnover amount equivalent to 40 times that of the original amount.

Risk-Free Trades

Trading on Binarium will not have an impact on your account balance as no funds are deducted from it, regardless of the outcome. Apply the promo code to activate. Clients can activate a risk-free trade whenever they want, however any withdrawal of funds will cancel out the trade.

Tournaments

Binarium offers two types of tournaments, one that is free and the other a paid option. These tournaments take place all year long and can be accessed through the website’s menu. You can find current, past and upcoming contests there. Every week, players have the chance to participate in tournaments where they can compete for a prize pot of $1,500. These tournaments are completely free to join. To participate in paid tournaments, create an account on the portal and pay the entry fee which usually ranges from $5-$15. These tournaments are typically held every month.

Regulation & Licensing

The broker has been in operation for almost a decade, however, they are yet to be regulated by any financial authority. Investing in a broker without proper financial authorisation from a regulatory body can be risky. Such brokers may not offer the same protection as those with the required authorisation, so it’s important to tread carefully. Binarium provides a certain level of security, including client funds being kept separate from other funds by EU banks. Before opening a live account with a broker who’s not regulated by any authority, you should make sure to understand the levels of capital protection available. Doing this could help you avoid unnecessary losses and make sure your hard-earned money is safe.

Additional Features

Our Binarium review was happy to encounter various educational and analytical tools that are designed to improve customers’ trading experience. In addition to the other features, the platform has a comprehensive community forum. Here you can find tutorials, news related to brokers, assistance with trading bots, YouTube videos embedded in the posts and blogs as well as strategy guides. The forum has an easy-to-use design and offers 18 languages for users to choose from. Apart from its main trading platform, the broker’s website also offers a range of educational resources to help traders gain insights into the markets. These include an economic calendar that monitors global events, a dictionary of key terms to understand market jargon better, an asset catalogue and available strategy overviews which can be implemented on the platform.

If you’re looking for premium features, you can join the exclusive Binarium trading room with a $500 deposit for a premium membership or $5,000 for the VIP membership. The trading room offers a great opportunity for the broker’s top clients to access expert advice and insights. It includes 30 signals per day, market reports and analysis, robot views, training and other resources to help you manage trading operations more effectively.

Account Types

Binarium offers three different account types to its clients: Standard, Premium and VIP. Each of these accounts has its own set of trading conditions that can be tailored according to the type of strategy you are looking to employ. Different base currencies like USD, EUR, AUD, Russian ruble and Ukrainian hryvnia are available which eliminates the need for expensive currency conversions. Binarium offers its customers the option to use cryptocurrencies like Bitcoin and Litecoin as their account base currency. To make sure you are making an informed decision, it is recommended to utilize the demo account before opening a live account. Features of a live trading platform include:

Opening a live Binarium account is an effortless process. To get started, you just need to fill out the online registration form located at the top right corner of every webpage. When creating an account, you may be asked to provide proof of residence for identity verification purposes as part of Know-Your-Customer (KYC) regulations. This is necessary to complete the account verification process. Verified accounts enjoy faster withdrawal times compared to those that are not.

Benefits

• Demo account with virtual funds
• Low minimum deposit requirements
• Segregated client funds
• Enhanced educational features
• Community forum platform
• Several fiat and crypto account currencies including BTC and LTC

Drawbacks

• Unregulated
• Limited information on broker’s website
• Limited trading instruments
• No industry-established trading terminals
• Specific bonus terms and conditions to meet before being able to withdraw funds

Trading Hours

Binarium operates during standard office hours as well as 24 hours a day from Monday to Friday. The duration for trading may differ depending on the financial product. Cryptocurrency trading is available even during weekends. The opening and closing times of various stock exchanges can be found on the broker’s website.

Customer Support

Binarium offers a comprehensive FAQ section as well as multiple customer support options in nine different languages, such as Indonesian, Spanish, and Russian.:

• Telegram
• Live Chatbot
• Telephone No: +357(22)052784
• Email Address: support@binarium.com

Safety & Security

As it has been in the financial market for a significant amount of time, Binarium is perceived as an open and trustworthy platform. This level of long-term presence is proof of its reliability. The platform is secure with no major security risks but keep in mind that it is not regulated by any governing body. We adhere to a rigorous privacy policy to ensure the safety of your data & payments. Additionally, Binarium is secured by SSL encryption and 3D-secure protocol for optimal protection. A clear framework for dealing with negative balance protection has yet to be established.

Binarium Verdict

Binarium provides an adequate trading environment with a user-friendly platform and a low minimum deposit. It offers access to various assets and markets, as well as numerous features that can empower traders while they making decisions. External education and community forums offer a great deal of helpful information, such as tutorials, trading tips as well as guidelines on how to execute certain strategies. Exercise caution when dealing with unregulated brokers since your money is not safeguarded without the necessary financial regulations. Keep in mind though that some brokers choose to stay unregulated and have various safeguards in place.

(Risk Warning: Your capital can be at risk)