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Binarium Review 2024

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Binarium Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Binarium
Founded:2012
Regulation:
OTC:
Forex Trading:
Assets:110
About
Binarium is a binary options broker active since 2012, offering a proprietary trading platform, various account types, and bonuses. It supports multiple payment methods, over 110 tradable assets, and technical analysis tools. Despite user-friendly features, its low Trustpilot rating raises concerns about reliability.
Contact
Office 02, 9 Kappadokias, Dasoupoli, 2028, Nicosia, Cyprus
Rank and Score
Account Types
Markets
Account NameMin DepositMax Return
Account NameStandardMin Deposit$5Max Return90%
Account NameDemoMin Deposit$0Max Return0%
Binarium
Binarium Binary Option broker review for traders and users

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:

Broker

Binarium

Account Types

Start, Standard, Business, Premium, VIP

Establishment Year

2012

Trading Platforms

Proprietary Platform

Maximum Return

Up To 90%

Minimum Deposit

$5

Base Currencies

EUR, USD

Deposit Methods

Crypto, E-Wallets, Credit/Debit Cards

Withdrawal Methods

Crypto, E-Wallets, Credit/Debit Cards

Minimum Trade Amount

$1

Maximum Trade Amount

Depending On The Account Type

Tradable Assets

+110 (Varies Based On The Account Type)

Investment Options

Copy Trading

Bonus

Welcome Bonus, Tradeback, Risk-Free Trades

Spreads

From $0

Commission & Fees

No Trade Fees

Maximum Leverage

1:1

Affiliate Program

No

Trading Features

Rewards

Inactivity Fee

None

Customer Support Ways

Phone, Email, Telegram Bot, Live Chat

Customer Support Hours

Not Stated By The Broker

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:

Start

Standard

Business

Premium

VIP

Deposit Amount

$0-100

$100-500

$500-2,000

$2,000-5,000

$5,000

Tradeback

None

5%

10%

12.5%

15% (Real Funds)

Available Assets For Trading

63

72

88

108

116

Withdrawal Limit Per Day/Per Week

$50/$100

$200/$500

$500/$2,000

$1,500/$4,000

$15,000/$100,000

Limit Per Request

$25

$50

$100

$250

No Limit

Trading Room

None

None

Business

Business

Business, VIP

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.
Binarium registration form
Fill in the fields according to the caption on the image for registration.
  1. 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.
  2. Agree to the terms and conditions and privacy policy.
  3. After clicking on "Open A Free Account", on the next page fill in the form with your name and phone number.
  4. A message will be sent to the email address provided in the form. Open that message to verify your email.
  5. 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 Personal cabinet
Binarium important features and specifications overview

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 indicators
Indicators and oscillators section at the cabinet on Binarium

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:

Binarium score on trustpilot
Binarium's low user score on Trustpilot review website
  • 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.

FAQs
Is Binarium a legit broker?

Yes, it is a legit broker based on Traders Union scores.

What is the minimum deposit on Binarium?

The minimum deposit is $5, but this may vary depending on the account type.

Does Binarium trading offer a demo account?

Yes, Binarium provides a free demo account for practice trading.

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