Binarium HeadlinesTrading PlatformAssetsFees & LeverageMobile AppsPayment MethodsDemo AccountDeals & PromotionsRegulation & LicensingAdditional FeaturesAccount TypesBenefitsDrawbacksTrading HoursCustomer SupportSafety & SecurityBinarium VerdictFAQsAccepted CountriesAlternatives to Binarium
Binarium is an established online broker offering binary options trading on a proprietary platform. Our 2022 review will discuss the broker’s minimum deposit requirements, payout levels, charting options, community forum, security features and more.
Binarium Headlines
Binarium is an established online broker, providing international binary options trading and financial services to clients since 2012. The platform was developed by traders and designed to create a simple trading experience for even the newest investors. Over the years the company’s trading robots have accumulated knowledge within the market to facilitate a top-level customer trading experience.
The limited company operates from Saint Vincent and the Grenadines with an additional office presence in Nicosia, Cyprus. That being said, it should be noted that the broker is not regulated by any financial body. This broker and review has no affiliation with Binarium Corp.
Trading Platform
Binarium offers a proprietary trading platform. It was one of the first major binary options brokers that offered customers a comprehensive toolkit to profit from financial asset price fluctuations. The digital terminal page is user-friendly and accessible, even for new traders.
Retail clients can use the platform via all major web browsers or an application API. After login, users can access tutorial videos on how to navigate platform features. There is no download for PC devices. Key features include:
Live price quotes
Trade from just $1
12 trading indicators
Instrument search bar
Full trading history view
4 chart types – curve, candlestick, bar and curve area
Short term trades (up to 5 minutes) or long-term (up to 3 months)
Binarium Trading Platform
Assets
Binarium offers clients investment and trading asset opportunities in the below markets. 8 OTC assets are available for fixed-time trades.
Commodities: coffee, gold, oil, silver, sugar, wheat and platinum
Indices: global indices including FTSE 100, DAX, Nasdaq and S&P 500
Forex: 20 currency pairs, major and minor including EUR/GBP and GBP/USD
Cryptocurrencies: 3 popular digital currency pairs, BTC/EUR, BTC/USD and BTC/GBP
Equities: trade stocks of some of the world’s top companies including Amazon, Apple, Microsoft and IBM
Fees & Leverage
As a binary options broker, there are no trading fees to consider, you simply lose any stake in an options contract if it doesn’t come off. However, if it does end up in the money, you will receive your stake plus a payout percentage up to 80% that is determined before purchase. Margin trading is not supported by Binarium, so leverage rates are capped at 1:1.
Mobile Apps
The Binarium global trading platform is available as a mobile application. This is available for free download to iOS and Android (APK) devices from the relevant app store. The mobile platform has all the latest features that the desktop terminal offers, including its simple user interface and charting types. Access all analytical tools, technical indicators and customisable graphs while on the go.
Binarium Mobile Trading Platform
Payment Methods
Deposits
The minimum deposit requirement to open a live trading account is $5, or equivalent, which is competitively low and ideal for a new investor. Clients may deposit a maximum of $10,000 per single transaction. The broker accepts several account funding methods and currencies, including USD, EUR, AUD and Ukrainian Hryvnia. Binarium does not charge a fee for any deposit payment methods and also covers any third-party charges. Funding methods include:
Qiwi
Neteller
Free-Kassa
WebMoney
Yandex Money
Bank Wire Transfer
Credit/debit cards- including Visa, Mastercard and MIR
Cryptocurrencies- Bitcoin, Ethereum, Litecoin, and Ripple
Note that some methods may only be available in certain jurisdictions. Deposits are processed immediately for all payment methods and instantly reflected in your account.
Withdrawals
The majority of payment methods have a $5 or equivalent currency minimum withdrawal amount. The broker covers third-party withdrawal charges, depending on trading volume vs initial deposit amount. For example, if the sum of all trades is not at least 2x your initial deposit, withdrawal fees will not be covered by the company. Verified accounts can benefit from 1-hour withdrawal processing times.
Demo Account
Binarium offers a free demo account, available via its website with USD as its base currency. These accounts are a good way to practise trading, navigate platform features or test a strategy risk-free. Traders can access up to $10,000 virtual funds and experience real-time trading conditions and prices. A simple online registration form is required to open a demo account. Clients may freely switch between real and demo accounts via the trading terminal.
Deals & Promotions
Binarium offers various financial incentive programmes, including a welcome bonus for all new clients making a deposit, risk-free trades and tournaments. A no deposit bonus was not available. The bonus amount depends on the deposit quantity and account status. Note, all financial bonuses are deposited into a separate account so funds will not sit together with deposited capital.
Our review found that funds accrued using a bonus and within tournaments may only be withdrawn once a minimum trade turnover is met. To withdraw the welcome bonus, for example, clients must achieve a 40x turnover amount.
Risk-Free Trades
Regardless of a trade’s outcome, funds will not be deducted from your Binarium account balance. Apply the promo code to activate. Clients may apply a risk-free trade whenever desired, though these will be voided if funds are withdrawn.
Tournaments
Binarium operates two tournaments, one free and one paid. These are available throughout the year. Current, future and past contests can be found within the website menu. Free tournaments are available every week with a $1,500 prize fund. Simply register within your account portal to enter. Paid tournaments require a fee to enter, typically $5-$15, and often run monthly.
Regulation & Licensing
Although operating for almost 10 years, the broker is not regulated by an official financial authority. This could be a red flag as the broker may not offer the same levels of protection as those with established financial body authorisation. Nevertheless, Binarium does provide some credible security, including segregated client funds with EU banks. It is a good idea to understand the levels of capital protection before opening a live account with an unregulated broker.
Additional Features
Our Binarium review was pleased to see various educational and analytical features to enhance customers’ trading experience. This includes a comprehensive community forum platform. These host tutorials, latest broker news, trading bot help, YouTube embedded videos, a trader blog and strategy guides. The forum is user-friendly and available in 18 languages. Other educational features on the broker’s website include an economic calendar, dictionary of key terms, asset catalogue and available strategy overviews to execute within the platform.
Customers can also join an exclusive Binarium trading room with a $500 deposit for a premium membership or a $5000 deposit for a VIP membership. The trading room is hosted by the broker’s top clients and includes advice, recent news, tips for utilising a robot view, training, 30 signals per day, market analytics and more.
Binarium Trading Room
Account Types
The broker offers three live account types: Standard, Premium and VIP. Each Binarium account has different trading conditions, suitable for varying strategies. Base currencies vary but include USD, EUR, AUD, Russian ruble and Ukrainian hryvnia, reducing the need for sometimes costly currency exchanges. The cryptocurrencies Bitcoin and Litecoin are also offered as account base currency. It is always worth utilising the demo account first to help guide your account choice. Live account features include:
Standard
5% trade back
Open a trade with just $1
2 withdrawal requests per day
$5 minimum deposit requirement
$2,500 minimum withdrawal limit per month
Premium
5% trade back
Trading room access
Flexible withdrawals and limits
$500 minimum deposit requirement
VIP
15% trade back
Trading room access
Unlimited number of open trades
Flexible withdrawals and no limits
$10,000 minimum deposit requirement
It is quick and easy to open a live Binarium account. Customers must complete an online registration form found on the top right of each webpage. You may be required to provide identification verification documents such as proof of residency under the know-your-customer (KYC) compliance. Verified accounts gain access to quicker withdrawal times.
Benefits
Segregated client funds
Community forum platform
Enhanced educational features
Demo account with virtual funds
Low minimum deposit requirements
Several fiat and crypto account currencies including BTC and LTC
Drawbacks
Unregulated
Limited trading instruments
Limited information on broker’s website
No industry established trading terminals
Specific bonus terms and conditions to meet before being able to withdraw funds
Trading Hours
Binarium follows standard office hours and 24-hour trading hours Monday-Friday. However, these timings may vary by instrument. Cryptocurrency trading is available at weekends. A list of stock exchange opening and closing times is posted on the broker’s website.
Customer Support
Binarium provides an adequate FAQ section plus the below customer support options, available in nine languages, including Indonesian, Spanish and Russian:
Telegram
Live Chatbot
Telephone No: +357(22)052784
Email Address: support@binarium.com
Safety & Security
Binarium has been trading for many years. Some would argue this demonstrates a level of transparency and credibility in the financial market. The platform itself is safe but bear in mind that there is no regulatory authorisation. A strict privacy policy is adhered to and traders can be assured of secure payments with SSL encryption and 3D-secure presence. There is no clear policy regarding negative balance protection.
Binarium Verdict
Binarium offers a decent trading environment with a simple-to-navigate platform and low minimum deposit requirements. The external education and community forum are competitive, with tutorials, trading tips and strategy execution guidelines present. Always be cautious of an unregulated broker as your funds may be at risk with no protection in place, though some brokers are unregulated intentionally and still have security measures in place.
FAQs
What Trading Platform Does Binarium Offer?
Binarium offers a proprietary trading terminal, available to trade directly via all major web browsers. Customers can also download the mobile application to an iPhone, Android or another compatible portable device.
Is Binarium A Legit Broker?
Binarium has been offering financial services to customers for almost 10 years. This demonstrates that it may be a credible firm. However, the broker is not regulated by a financial regulation agency, so we cannot be certain it is not a scam. Be cautious when investing personal capital.
What Are The Minimum Deposit Requirements To Open A Binarium Account?
New clients are required to deposit just $5 to open a Standard account type. This is relatively low and great for an inexperienced trader looking to get started with binary options trading. Clients can open a trade from just $1.
Does Binarium Offer A Demo Account?
Yes, the broker offers a free demo account. Traders can access up to $10,000 in virtual funds and use real-time trading conditions and instrument prices. Freely switch between a real and demo account via the trading terminal.
What Is The Meaning Of Binarium Broker?
Binarium broker links its name to the Latin word meaning to consist of two things; i.e a binary model and binary options trading capabilities.
Accepted Countries
Binarium accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Alternatives to Binarium
If you are looking for alternatives to Binarium we have compiled a list of the top 5 brokers that are similar to Binarium below. This list of brokers like Binarium is in order of similarity and only includes companies that accept traders from your location.
Videforex – Videforex accepts deposits in a range of cryptos and fiat currencies. Payouts reach 95% per trade.
RaceOption – RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.
Ayondo – Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.
Spectre.ai – Spectre.ai is a blockchain-based binary options broker
Global Prime – Global Prime is a multi-regulated trading broker offering 100+ markets.