Binarium Review 2024

Binarium is a binary options broker that has been serving traders since 2012.

By processing more than 5,300 trades per minute and offering withdrawals in less than 1 hour during business hours, this platform has attracted many people's attention. Usually, more than 51,000 traders are online on it.

However, is this broker legit? Read this Binarium review to get the answer to this question.

Binarium; Company Information

Binarium is a financial services company that has been providing professional trading services since 2012.

Over the years, the company has accumulated a wealth of experience, allowing it to offer traders worldwide everything they need for comfortable trading. Here are some key points about Binarium:

• Offices located in Riga, Latvia; Kyiv, Ukraine; Nicosia, Cyprus; and Saint Vincent and the Grenadines;
• Support for both Russian-speaking and English-speaking clients;
• Registered as Binarium Limited in Cyprus (HE321566) and Saint Vincent and the Grenadines (BINARIUM LIMITED 1599 CTD 2016).

Summary of Specifications

Binarium offers a comprehensive suite of trading options and features. Here's a breakdown of what you can expect:

Account Types

Binarium offers several account types to cater to different trading styles and investment levels. Here's a breakdown of 5 account types available on the broker:

• Start;
• Standard;
• Business;
• Premium;
• VIP.

In the table below, we will review each account in detail:

Binarium Complete Sign Up & Verification!

Getting started with this broker is a straightforward process. Here's a step-by-step guide to signing up and verifying your account:

1. Visit the Binarium website and click on the "Sign Up" button.

2. Fill in the form with a valid email address, create a password, and choose your account currency. You can use your Google account instead for faster registration.
3. Agree to the terms and conditions and privacy policy.
4. After clicking on "Open A Free Account", on the next page fill in the form with your name and phone number.
5. A message will be sent to the email address provided in the form. Open that message to verify your email.
6. You have created your account on the platform!

For complete verification, you must upload a clear photo of the required documents (e.g., your passport) in one of the given formats. The website insists that the provided image must not be edited or cropped.

Binarium Bonuses

This platform offers various bonuses to attract and retain traders. Here's what you need to know:

• Welcome Bonus: New traders may receive a bonus on their first deposit.
• Deposit Bonuses: Periodic bonuses on subsequent deposits.
• Risk-Free Trades: Some promotions offer risk-free trades for a limited time.
• Tradeback: A specific type of bonus on Standard, Business, and Premium accounts

Currently, this broker offers a $100 welcome bonus for new users after their first deposit.

Binarium Commission and Fees

The broker's fee structure is designed to be competitive and transparent. This binary option platform, similar to other binary option brokers, does not charge any fees for trading.

Also, there are no hidden costs. However, it charges withdrawal commission at specific situations.

Binarium Trading Cabinet Features

Binarium's trading cabinet is designed to provide a comprehensive and user-friendly trading experience. Here are some key features:

• Asset Selection: Access to a wide range of assets, including forex, commodities, indices, stocks, and cryptocurrencies.
• Flexible Expiry Times: Set option expiration time
• Real-time Charts: Advanced charting tools with multiple timeframes and access to TradingView charts
• Trading History: Detailed records of all your trades and transactions.
• Bank Section: Easy deposit and withdrawal management.
• Education Section: Access to articles and guides for trading.

Remember that the availability of advanced features may depend on your account type.

Available Indicators and Oscillators

Binarium's proprietary trading platform offers a decent set of technical analysis tools. Here's a breakdown of the available indicators and oscillators:

Trend Indicators:

• Simple Moving Average (SMA);
• Smoothed Simple Moving Average (SSMA);
• Linear Weighted Moving Average (LWMA);
• Exponential Moving Average (EMA);
• Parabolic SAR;
• Alligator.

Oscillators:

• Relative Strength Index (RSI);
• Stochastic Oscillator;
• Average True Range (ATR).

These indicators and oscillators can be customized and combined to create powerful trading strategies.

Traders can use up to 4 charts simultaneously, allowing for comprehensive market analysis across different timeframes and assets.

Also, you can use TradingView charts to access its tools and features on this platform.

Withdrawal and Deposit Methods

Binarium offers a variety of payment options to accommodate traders from different regions. Here's an overview of the deposit and withdrawal methods:

• Credit/Debit Cards (Visa, MasterCard);
• E-wallets (Neteller, WebMoney);
• Cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin);
• Local payment methods (varies by country).

Binarium Copy Trade and Social Trading Options

The platform offers a unique copy trading service that allows novice traders to benefit from the expertise of professionals. Here's what you need to know:

• Minimum deposit: $10 (or equivalent) to access the copy trading feature
• Demo: Access to a $10,000 demo account
• No Algorithmic Copying: Unlike some forex platforms, Binarium doesn't offer automatic trade copying

Trust Scores

One of the suitable ways to determine a broker or platform's trustworthiness is its score and rating on review websites. In this section of the Binarium review, We will discuss the broker's rating on Trustpilot and REVIEWS.io:

• Trustpilot Users Score: 1.7 out of 5 based on 21 reviews
• Rating on REVIEWS.io: 2.6 out of 5; average of 14 scores

As mentioned above, Binarium hasn't been able to achieve an acceptable score on the websites. However, we should consider that it's based on few reviews.

Customer Services and Support

Certainly, one of the most important departments in every broker is its support section. Unfortunately, there is not much information available on the support team at Binarium.

However, you can contact this platform through these channels:

• Phone;
• Email;
• Live chat on the official website;
• Telegram bot.

Writer's Opinion and Conclusion

You have read Binarium Review. Offering a maximum of 15% Tradeback and a $100 welcome bonus with more than 110 tradable assets, this broker is an attractive option for most traders.

However, users on Trustpilot have given it a meager score of 1.7 out of 5, which is alarming at first glance, but considering its scores on other websites and our research, there is nothing to worry about.

Also, Trustpilot's score is based on only 21 reviews, which is a low number when considering a score's reliability.