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Binarium Review 2020 – Scam or Not?
|Review:||Demo Account:||Minimum Deposit:||Yield:|
|(4.1 / 5)||For free with 10.000$||10$||80 – 90%+|
Is Binarium a trusted Binary Options Broker or not? – Find it out in this review. With more than 5 years of experience in the financial markets, I tested this company and I will give you feedback. Learn more about the functions, offers, and withdrawal of the broker. In the following text, you will also get a step by step guide to learn how to trade on this platform.
What is Binarium? – The Broker presented
Binarium is a full Binary Options Broker established in 2020. You can bet on forex, cryptocurrencies, and commodities in one platform. The company is based in Suite 305, Griffin Corporate Centre, P.O. Box1510, Beachmont, Kingstown, St. Vincent, and the Grenadines. Also, the company got different offices in Cyprus, Ukraine, and Latvia.
The broker accepts traders from all over the world. They speak different languages and got a huge support team. In addition to that Binarium uses EU-Banks for its customer funds and the deposit and withdrawal methods are regulated.
First hard facts about the company:
- Established in 2020
- International Binary Options Broker
- Trader more than 100 different markets
- Support in different languages
- EU Banks for customer funds
The conditions to trade on the platform
On the Binarium platform, you can trade more than 100 different assets. The broker always tries to improve its offer. It is possible to trade short-term or long-term Binary Options. Also, you can bet on rising or falling markets. There is a huge range of expiry time to choose on the platform. You can trade 60-second trade or more than options with an expiry time of 1 month.
The Binary Options are divided into “Turbo” and “Binary”. Turbo is the short-term trades and binary are the long-term trades. It is allowed to start betting with only 1$ and the minimum deposit is only 10$. Invest every amount you want with this platform. There are no strict rules. In addition, the return of investment is between 80-90% for most markets.
The conditions for traders:
- Trade forex, cryptocurrencies, and commodities
- Trade short-term and long-term Binary Options
- Start trading with only 1$
- The minimum deposit is 10$
- Return of investment is between 80 – 90%
Is the execution of orders correct?
For Binary Options Traders it is very important to get the best execution in the market. Especially for short-term Binary Options, the entry point of your trade should be the best. Personally, I tested the execution of the trading platform a lot. From my experience, it is one of the fastest execution I have ever seen. There should no problem to get into the markets with Binarium.
Review of the Binarium Trading Platform
In the following text, I will give you an overview of the trading platform. The Binarium software is available for any device and you can trade with your mobile phone. At first glance, the software is very clear and easy to use. In the lower picture, you will see a direct screenshot of the live platform.
Charting for beginners and professional traders
For Technical Analysis, the trader has to use different chart types and indicators. In the following section, I want to proof if you can do a good analysis with this platform.
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In the left lower corner you can see the menu for the customization of the chart. More than 4 different chart types are available. Choose between line, candlesticks, and bar chart. It is very easy to customize and you can always change the visibility. Furthermore, you can use over 50 different indicators and some technical drawing tools on the chart. Also, traders can customize their tools with few clicks. In my opinion, Binarium offers you enough tools to trade correctly.
In the upper menu, you can change between the markets and charts. The platform allows you multi-charting which is a huge advantage to other platforms because you can trade more than 1 market at the same time.
- Different chart types
- More than 50 different indicators
- Drawing and analysis tools
- Customize your analysis
How to trade with Binarium? – Step by step guide
Trading with Binary Options is a very simple principle. Traders have to make a forecast about the future movement of an asset. Make a forecast if the market will rise or fall. There are only 2 options, that is why it is called “Binary Options”. You can lose or win the trade. The price has to be upper or lower your entry point at the end of the expiry time.
How to trade:
- Make a forecast about the movement of the market (use analysis and more)
- Choose an expiry time when the Binary Option will end
- Invest any amount (starting 1$)
- Invest in rising or falling markets with one click (buy or sell)
- Get a high return on investment or lose your investment amount
As you see it is very easy to trade the financial markets with Binary Options. There are only 3 different options you have to choose from.
- Expiry time
- Investment amount
- Buy or sell markets
For questions or help, the platform offers 24/7 support for its customers. Moreover, there are video tutorials a big FAQ for beginners. You need some practice to use this financial product correctly. Beginners should use the free Demo Account with Binarium first.
Binarium Demo Account for free
The Demo Account is an account with virtual money. You can practice the trading platform and do investments without risk because it is no real money. The Demo Account simulate the trading with real money.
Binarium offers you a free 10.000$ Demo Account. Traders can try out the platform or improve their trading strategies without risk. Another advantage is that you can learn more about new markets and start trading them. The practice account is the best solution for beginners and every Binary Options Broker should provide it like Binarium.
- Free and unlimited Demo Account
- Reload your account with only one click
Open your Account in a few simple steps
It is very easy to open an account with Binarium. Just provide your email address and a safety password and you will get access to the trading platform. In addition, you need your full name and phone number for using all functions of the broker. On Binarium it is possible to trade real money without verification.
- Open your account under 60 seconds
- Deposit real money or use the free demo account
- Start Earning
How to deposit on Binarium?
Like the trading on the platform, the deposit of money is quite easy. Binarium offers a huge range of payment methods for your deposit and withdrawal. Sometimes the deposit method depends on your country. You can use Credit Cards (Visa, Mastercard), Neteller, Qiwi, Yandex-money, Webmoney, China UnionPay, Wire Transfer, Cryptocurrencies, and more methods.
Start with a deposit of 10$. There are no hidden fees for your transaction and the deposit is completely free.
Deposit and withdrawal methods!
Withdrawal your earnings of Binarium
The withdrawal works with the same methods as the deposits. And again Binarium is not charging any fees, but sometimes there is a fee from your payment provider. You can clearly see that on your platform. The company provides a payout within 24 hours. Sometimes it can be more than 3 days, because not every day is a working day (weekend).
- No fees on deposits and withdrawals
- Instant deposits through electronic payment methods
- Withdrawal in 1 – 3 days
Get a bonus for free
Binarium offers a trader a free bonus for each deposit and also there are some other special bonus programs. The bonus depends on your deposit amount. It can be more than 100% of your deposit! In order to withdraw this bonus, there are some conditions. You have to do a trading volume of 40 – 50 x the bonus amount.
That means if you get a bonus of 100$ you have to do a trading volume of 4000 – 5000$. From my experience, this can happen very fast. A bonus is a good way to improve your trading account and money.
Please always read the bonus conditions. they are shown transparent in the trading platform!
Support and Customer Service tested
Another important point for a good Binary Options Broker is the support and customer service for traders. In this review, I tested the service, too. Binarium offers a telephone, email, Skype, and chat-support 24 hours a day. They speak different languages for international traders. Directly on the website, you can see the contact information.
From my experience, the support is working very fast. I tested it several times. They can answer your questions quickly and help you if you got problems with the platform. They also show you how to trade on the Binarium software. In conclusion, the support seems very professional to me.
- Telephone, Email, Chat, and Skype-Support
- The service is 24 hours available
- Fast and professional support
- Account Managers for bigger deposits
Binarium accepts international traders from all over the world. There are only restrictions on 2 countries. The broker does not accept traders from the United States of America and the UAE. All other countries are welcome. The website is available in 10 different languages.
Binarium is popular in:
- South Africa
- And more
Conclusion of the Binarium Review – Reliable Broker or not?
Is Binarum scam or not? – Personally, from my experience, it is not a scam. I tested it in the Demo Account and with a little amount of money ($100). The broker works very fast and the deposit and withdrawal are no problem. The only disadvantage is that there is no regulation. They only got a license in Russia but no general Regulation.
I have to say that the platform is one of the best for beginners because it is very userfriendly an easy to use. In addition, you can start with a little amount of money. The execution is so fast that I was very surprised compared to other brokers. Another point I have to mention is the bonus program. Get a free bonus without limits. It is the best way to double your trading account.
In conclusion, Binarium seems like a reliable broker for Binary Options, but there is no regulation. That is why I personally would trade carefully. On the other side, no regulation means that you can trade without verification. This is a huge advantage and I know only a few brokers who got this offer.
Advantages and disadvantages of Binarium
Only 10$ minimum deposit
Free Demo Account with 10.000$
A huge range of different Binary Options
Friendly and professional support
Binarium offers a professional trading platform and good conditions for traders (4.1 / 5)
Binarium is a company focused on wide range of customers, it was created to meet individual needs of each client. Binarium guarantees creating comfortable conditions to trade on the basis of your needs.
|Headquarters||20 Ionos, 401, Egkomi, 2406, Nicosia, Cyprus|
|Support Types||Chat, phone, contact form, e-mail, skype|
|Minimum 1st Deposit||$9|
|Maximum Trade Amount||$1|
|Payout||Up to 85%|
|Free Demo Account||Open Demo|
|Regulation||FMRRC № TSRF RU 0395 AA Vv0072|
|Deposit Methods||VISA and MasterCard, Webmoney, Skrill, Qiwi, Yandex Money|
|Withdrawal Methods||VISA and MasterCard, Webmoney, Skrill, Qiwi, Yandex Money|
|Number of Assets||130+|
|Option Types||Classical binary options, One Touch options, 60 seconds options, options designer|
|US Traders Allowed|
New traders have the opportunity to get insurance for their first deals. Binarium’s website also provides visitors with a special training section, the «Academy», which will assist users in learning the trade and help them to better understand the basics of the market.
In addition to training materials and trading strategies, the website gives you an opportunity to use the service of trading with a professional for free! You have to agree on joint trading in advance, with your personal analyst or via an online chat at the website. You can also subscribe to daily analysis and trading signals. Binarium also has a very interesting tool, «Trading Room», where you can chat with other traders, discuss trading ideas and trade together.
Binarium was re-certificated by FMRRC. Here is the current certificate of conformity:
Get your bonus
The main advantage of the Binarium broker is the fact that all the profits from your bonus can be withdrawn without any problems, and the bonus itself has the lever of x20 (most brokers have a x40 lever). Binarium constantly carries out profitable promo actions for its clients. In particular, on the broker’s website you can always find the offer of the month. To stay informed with all the news on current promos, follow the announcements here
Binarium does not limit its customers in withdrawing their funds! All your profits can be withdrawn without any problems. The broker does not charge a fee for the withdrawal of client’s funds. Usually, withdrawal takes about a day. Clients with «Business» and «VIP» accounts can withdraw money in periods from 1 to 3 hours. Find out more about the account types here.
Binarium works with major payment systems; its customers can deposit funds using VISA and mastercard credit cards as well as WebMoney, QIWI, Yandex Money, Neteller and even cryptocurrency.
Complaints about Binarium
Our team has monitored the internet and found one negative review of the broker. But it seemed to us that the complaint was a quite unreasonable machination of a rival and lacked justification.
If we find complaints about Binarium, we will post it on social media. Follow us to be well informed:
Is Binarium a fraud?
At the moment Binarium is one of the most reliable brokers on the market. The broker’s activity is regulated by the Financial Markets Relations Regulation Center (FMRRC).
Final Binarium summary:
The company has more than four years of successful work as a broker. Binarium constantly evolves, trying to take into account every wish of its traders. The broker creates more and more services and bonuses for the customers. Don’t forget about the minimum deposit of only $9, and the minimum investment of only $1. The broker also offers its customers a range of other free services, like trade signals, trading with a personal analyst, and trading room.
On the Binarium website one can find a section devoted to training, with a free e-book and many training videos. It is also important that the broker is regulated by FMRRC, meaning you can safely trade in Binarium without risk.
In conclusion, we can sum up that Binarium is a 100% reliable and safe broker in the binary options market. The broker is regulated by FMRRC, which indicates its reliability. The company adheres to a high level of service standards and has gained the trust of a huge number of traders. The required minimum deposit is only $9, which allows traders with any initial deposit to start trading at once. Binarium is a pretty good choice for a wide range of traders.
|US Traders Accepted|
|Company Name||Binarium Ltd.|
|Headquarters||Kingstown, St. Vincent and the Grenadines|
|Bonus Type||Deposit bonus|
|Deposit Options||Credit/debit cards,, QIWI, Neteller, WebMoney, Mobile Commerce, Yandex.Money, Bitcoin, UnionPay|
|Deposit Currencies||US dollar, Russian ruble, and euro|
AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/USD, NZD/USD, USD/BRL, USD/CAD, USD/CHF, USD/EGP, USD/JPY, USD/RUB, USD/SGD, USD/TRY, USD/ZAR
Coffee, Gold, Oil, Platinum, Silver, Sugar, Wheat
AMAZON, APPLE, BAE SYSTEMS, BARCLAYS, BIDU, BNP PARIBAS, BP, BRITISH AMERICAN TOBACCO (BAT, LSE: BATS), CITI, COCA-COLA (NYSE: KO), FIAT, FRANCE TELECOM, GAZPROM, GOLDMAN SACHS (NYSE: GS), GOOGLE, HITACHI, HSBC HOLDINGS, IBM, LUKOIL, MICROSOFT, NIFTY, NIKE, NISSAN MOTOR, PETROBRAS, REUTERS, ROLLS ROYCE, S.BANK INDIA (SBI), SAB MILLER (LSE: SAB), SBERBANK (SBER), TATA MOTORS, TESCO (LSE: TSCO), TEVA PHARMA, TOSHIBA CO, TURKCELL
ASX, BOMBAY SE, CAC, DAX, DJI, DSM 20, DUBAI, EGX 30, FTSE 100, HANG SENG INDEX, IBEX, ISE 30, KL FUTURE, KUWAIT, MICEX 10, MSM 30, NASDAQ, NASDAQ 100 FUTURE, NIKKEI 225, RTS, S&P 500, S&P 500 FUTURE, SSE180, STRAITS TIMES, TADWUL, TEL AVIV 25, TOPIX
|Number of Trading Instruments||83|
|Binary Option Types||Pairs, Turbo Options, One-Touch, Limits|
|Customer Support Types||24/7 online chat, phone, email, and Skype|
|Education Offered||Webinars, one-on-one training sessions, trading school, and tutorials|
|Tools Offered||Economic calendar and market news|
|Commission||The maximum amount for a single withdrawal transaction is RUB15,000 or $250/€250.|
|Languages||English, Russian, German, Turkish, Italian, Polish|
Binarium is an established BO broker who primarily caters to Russian traders. They are headquartered in St. Vincent and Grenadines and is not regulated by any financial authority. Their system offers a website in four languages and is not open to traders in the United States; residents of Israel and Ukraine are also not accepted. Right now their platform is strictly web-based. Binarium uses the SpotOption trading platform which is becoming one of the most popular choices by binary options brokers. They have over 80 assets that a user can choose to trade and offer a variety of educational resources that can be useful for beginners.
Binarium makes it very easy to create an account and start trading right away. To create an account, simply fill out their registration form. Only your name and email are initially required to open an account. After verifying your account with your email, you can then deposit money into your account and start trading. One big advantage is that there is a completely unrestricted demo account that is currently offered to new traders. This is a great tool for those who just want to test out the platform and see if it is a right fit for them. Moreover, the minimum deposit to start trading is only ten dollars so you could test out the system without investing much at first. Let’s next look at the various account types to help you consider which might be the best match for you.
There are four main account types that a person can choose when getting started with this binary options broker. The first account that they offer is labeled their “basic” account. This requires a minimum of ten dollars to open but the resources you get with this account are very limited. It is important to mention that withdrawals using this account type can take up to five working days. The next account type is their “premium” account. This is marked as their most popular choice. With this option, a trader can withdraw money from their account within three days, get a personal trader, have personal trading signals, and have the ability to copy trade during the first week. The premium account costs $500 to open. The next type is their “business” account. This requires at least a $2,000 deposit. This account includes all of the features of the “premium” account along with the development of a personal trading strategy and more in-depth market analysis. Withdrawal time with this account is within one working day. Lastly, their highest account is the “VIP”. A user can attain this account with a deposit of $10,000 or more. With this, you get the great features of all the accounts combined and have access to instant withdrawals.
Depositing and Withdrawing
Like most binary option brokers, depositing money with this service is made very easy to do. Traders can add money to their account using credit or debit cards such as Visa and MasterCard. There is also the ability to deposit through online applications such as QIWI, Yandex.Money, WebMoney, Neteller, Chinese UnionPay, Mobile Commerce, and Bitcoin. The minimum deposit amount is only $10 dollars. Once a person deposits money into their account, the funds are made available to trade from instantly.
To withdrawal money, a trader needs to submit a request for withdrawal of funds. Once this is done, you must wait for Binarium to confirm the request. As mentioned earlier, depending on what account type you have this process varies anywhere between one and five days. However, once the request is confirmed, the withdrawals will be processed right away. The minimum that can be taken out is five dollars. There is no fee to withdraw money and can be done in any of the same methods that are used to deposit funds. The only options available for withdrawal are a credit/debit card, Qiwi, Yandex.Money, and WebMoney.
The service uses the SpotOption trading platform, which is kind of a standard platform for binary option brokers. The platform’s interface itself is simple and easy-to-use. Both candlestick and line charts are available to view, the underlying asset’s price is clearly shown, and the expiration times are displayed. The major downside to this platform is because so many brokers use it, there is really no unique features to it. If you are looking for a feature-rich platform, this is not for you. But overall, the platform performs as you would expect and has the basic functionality of a typical binary options broker service.
There is a decent amount of educational resources that are offered through Binarium’s website. They have a free “lessons” page that offers information on the different types of options and ways to trade them. There are also video lessons that explain some basic trading strategies can be used and help explain how to read the markets. Along with this, there is an updated economic calendar, a list of assets currently available to trade on the platform, and live market news. This information could be helpful for both beginner traders as well as more advanced traders. Furthermore, there are tutorials on how to use the trading platform itself and gives very useful information to start trading right away.
Overall, Binarium has all the features and resources that are becoming standard for binary options brokers. They use a trading platform that is easy to understand and registering with them is a straightforward process. They offer many ways to deposit and withdraw from accounts and do not charge any fees to do so. They offer many different account types to match many different kinds of traders. Even more, they have educational resources that may be useful to many people. The largest advantage of this broker is that they offer a free demo account. An important downside to them is that they are not available to traders within the United States, Ukraine, and Israel. However, they are still a broker that should be considered, especially for people in Russia.
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