Binarium Review

Program Details

Company Name
Binarium Ltd.
Headquarters
Kingstown, St. Vincent and the Grenadines
Regulation

No

US Traders Accepted
no
Out-of-Money Reward
0%
Commission
The maximum amount for a single withdrawal transaction is RUB15,000 or $250/€250.
Bonus Type
Deposit bonus
Bonus Size
100%
Max Payout
90%
Deposit Options
Deposit bonus
Deposit Currencies
US dollar, Russian ruble, and euro
Trading Platform
SpotOption
Min Deposit
$10
Minimum Trade
$1
Maximum Trade
$1,000
Trading Instruments
Deposit bonus
Number of Trading Instruments
83
Online Since
2014
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
Languages
English, Russian, German, Turkish, Italian, Polish
Tools Offered
Economic calendar and market news
Demo Account
Unrestricted
Rating
7.5

$10.00

Description
Enticing investors with quick profits often involves risking funds and resembles gambling. In recent years, numerous brokers have emerged, guaranteeing substantial returns in minimal time frames. Binarium asserts that its traders can yield returns of up to 85% within just 30 seconds.
The allure of such high returns is undeniable. Binarium presents a comprehensive package appealing to many traders. Nevertheless, numerous customers have not experienced any profits, especially not within the promised 30-second window, over the years.
Choosing a broker can be perplexing, demanding a meticulous analysis for a prudent decision. If you seek a thorough Binarium assessment, you're in luck. We'll provide an extensive evaluation of Binarium, considering its services, effectiveness, pricing, reliability, and customer feedback. Let's delve in!

What Is Binarium?

Binarium Review 2023: Pros, Cons and Key Features

Established in 2012, Binarium has steadily expanded its operations, primarily focusing on the Russian market. The broker, owned by Binarium Ltd, boasts a license purportedly from an EU regulatory body, yet the website lacks concrete information to validate these claims. However, they safeguard funds in an EU bank, ensuring protection against external fraudulent activities, a measure appreciated by traders.
Binarium's dubious track record renders it a less attractive choice for many traders. The Spanish regulatory authority, CNMV, flagged Binarium as a ‘warned company.' Similar allegations surfaced from CONSOB in Italy and CySEC in the EU. Although CySEC did not directly accuse them of fraud or manipulation, they were delisted due to operating without regulation in the EU. Despite the website implying a Cyprus base, experts believe the company is rooted in Russia, evident through its user base and predominantly Russian customer support agents.
While the details may dissuade some traders, an unregulated broker doesn't inherently equate to a scam. Over 15% of US traders have invested in offshore brokers, enjoying consistent returns.
Hence, Binarium may warrant some trust. Primarily a binary options broker, it offers various investment categories in derivative assets such as stocks, Forex, and commodities.
Binarium's claim to fame lies in its high returns, boasting up to 85% returns within a 30-second window. Positive customer reviews highlight profits exceeding $1000 in a single day of active trading. Moreover, they provide a free demo account equipped with over $1000 for traders to practice strategies before committing their own funds.

Benefits Of Trading With Binarium

Binarium Review 2023 – Expert Trader Insights Binarium Review 2023 - From An Expert Trader • Asia Forex Mentor

Every trader desires profitability and seeks brokers who share a similar outlook. Binarium presents a user-friendly platform, simplifying entry into the trading realm by bypassing legal complexities.
Its registration process is swift, granting access to the trading portal within 4-6 hours, a notable contrast to other brokers that might take 3-4 days to approve applications.
Simplifying asset selection, Binarium offers categorized options, allowing traders to focus on evaluating movements within a chosen category, rather than dealing with a myriad of assets and commodities.
The platform's design caters ingeniously to assist newcomers. The interface facilitates easy selection of upward or downward movements, displaying category changes on the dashboard, and enabling analysis while options expire.
Binarium's straightforward signup and trading process have enabled substantial earnings for many. Its success, particularly for active traders, is bolstered by its transparent fee structure.
Unlike several binary options brokers hiding charges, Binarium maintains relative transparency. Traders report no concealed fees during transactions, allowing them to retain their trading profits successfully.
Undoubtedly, Binarium's allure lies in its profitability, attracting a global array of traders. However, traders should exercise caution, not letting the pursuit of profits overshadow the importance of compatibility when assessing a broker.

Binarium Spreads, Fees, And Commissions

Binarium Review 2023 – Expert Trader Insights Binarium Review 2023 - From An Expert Trader • Asia Forex Mentor

Binarium, a renowned binary options broker, stands out for its impressive profit margins. The founders have prioritized accessibility for the general public, keeping trading and signup costs exceptionally low. With a minimum deposit of $10, users can start trading with as little as $1.
Over recent years, the Binarium website has undergone multiple domain changes, and the current domain lacks comprehensive information regarding its trading spreads.
Previously, Binarium applied spreads on various trading categories, starting from 1. However, according to recent discussions with their representative, Binarium appears to have ceased charging any trading fees to its users.
This measure aims to ensure traders retain a larger portion of their profits. Additionally, Binarium's payout ratio fluctuates between 60% and 130% depending on the selected trading category. Introducing a tradeback feature further enhances their offerings, with certain account types providing a tradeback of 12.5%.
Overall, traders using Binarium do not face any direct costs during their trading activities as the platform does not charge platform or other trading-related fees. However, specific conditions for withdrawal charges will be addressed in the corresponding section.

Account Types

Binarium Review 2023 – Expert Trader Insights Binarium Review 2023 - From An Expert Trader • Asia Forex Mentor

Binarium presents both advantages and drawbacks, yet it serves as an excellent option for novices embarking on their trading journey. The platform's simplicity and inclusion of a demo account feature contribute to user comfort during trading activities. Binarium provides approximately five real-time account types, each offering distinct features:
Start Account:
This entry-level account demands a minimum deposit of $5, granting access to 46 assets. However, it imposes a weekly withdrawal limit of $100, with withdrawals processed within five days.
Standard Account:
Accessible with a minimum deposit of $100, this account offers a 5% trade-back bonus, access to over 53 assets, and a weekly withdrawal limit of $500, processed within three days.
Business Account:
Starting at $500, this account provides a 10% trade-back bonus, access to 61 assets, a weekly limit of $2000, allowing $200 withdrawal requests, and features a proprietary trading platform and a dedicated business room.
Premium Account:
With a $2000 investment, traders gain quicker withdrawal processing (within 1 day), a weekly withdrawal cap of $4000, access to 73 assets, and over a 12.5% trading bonus.
VIP Account:
The top-tier VIP account, requiring a $5000 minimum deposit, grants access to a separate VIP trading room, enables trading across 78 assets, imposes a $10,000 weekly withdrawal limit, and has no constraints on simultaneous trading. It offers access to the trading room for plan development and discussions with expert traders.
Additionally, Binarium provides a demo account equipped with $1000 in virtual funds, granting users access to the same platform features as real-time traders. For newcomers, leveraging the demo account is recommended to acquaint themselves with the binary options market and formulate a trading strategy.

How To Open Your Account

Binarium registration - Quick registration on the brokerage platform

Binarium's appeal predominantly targets novice traders, offering a user-friendly trading experience that allures newcomers to the investment sphere. The signup process for a standard account is uncomplicated and devoid of any requirements for legal documentation. Operating without registration exempts the broker from adhering to KYC/AML regulations, expediting the signup process.
To begin, visit the official website where the initial form is conveniently located on the homepage. Input basic details like your name, email, and password to kickstart the signup procedure.
Upon completion, an email verification link will be sent to your provided email address, granting access to the Binarium online platform upon activation.
Using the top navigation bar, select your preferred account type and method of payment transfer.
Once the transfer is finalized, it typically takes a few hours to gain entry to your live trading account.
Binarium offers segregated trading rooms based on the type of account chosen; however, the platform lacks additional features, with the majority of educational resources accessible solely through the website.
To commence trading, users can initiate positions by selecting between upward or downward movements as their trading strategy.

What Can You Trade On Binarium

Binarium Review - Is it legit? Honest Opinion [2022] - TradingThug

Binarium provides a wide array of trading assets, offering over 78 options for VIP account holders and 46 for standard account users. According to Binarium's website, their binary options derive from Forex and cryptocurrencies. Traders can prioritize specific trading categories, gaining access to corresponding options.

By default, these binary options are based on Forex and cryptocurrencies, with the Forex category encompassing various currency pairs such as EurGbp, EurUsd, GbpUsd, and UsdChf. The cryptocurrency selection typically includes pairs involving Bitcoin, Litecoin, and Ripple.

According to information from their support team, Binarium has expanded its asset offerings to include stocks, featuring major entities like Microsoft, Amazon, Apple, and Google among others.

While Binarium broadens its asset range, the binary options market remains inherently risky. With a limited scope of options, traders might encounter challenges in exercising significant control over their investments.

Binarium Customer Support

Binarium Review 2023 – Expert Trader Insights Binarium Review 2023 - From An Expert Trader • Asia Forex Mentor

Binarium is often lauded by experts for its profitability and user-friendly interface, yet one aspect that tends to be overlooked is its robust customer support system. Presently available in multiple languages, their recent hires possess proficiency in various languages to cater to a diverse clientele. Contacting Binarium is facilitated through various channels including live chat, email, phone, Telegram, and trading rooms.
Our experience with their live chat support was impressive; we engaged with agents multiple times regarding security concerns, and they were consistently prompt and knowledgeable. These agents possess extensive information about the trading platform and are adept at recommending educational resources and training options.
While a phone call offers an immediate response, there might be a wait time before connecting with an agent. Email correspondence, on the other hand, tends to be slower, with responses typically taking between 1 to 24 hours.
Trading rooms primarily serve as forums for interaction among traders sharing similar interests, although senior executives also oversee these spaces. They actively address common issues and guide forthcoming platform changes to assist traders.

Payment Method

Binarium minimum deposit (2023) ++ All payment methods

One of the most significant concerns voiced by customers regarding Binarium revolves around their withdrawal policy. To date, no substantial evidence has surfaced from either the broker or third-party sources to refute these claims. Binarium implements different withdrawal policies for its five account types; VIP accounts may receive withdrawals within a day, while Start accounts could take up to 7 days.
Diverging from many other brokers, Binarium not only imposes a minimum withdrawal limit but also sets a maximum withdrawal ceiling. This means traders might be unable to withdraw funds even if they have a balance available. While the weekly limit may suffice for novice traders, the daily limit appears relatively restrictive and might warrant an update.
According to a representative from Binarium, the broker does not levy any withdrawal fees, offering options like MasterCard, Visa, and crypto wallets for both deposits and withdrawals. Although some methods may entail intermediary commissions, Binarium takes responsibility for covering these costs, aiming to ensure traders receive their total profits.
However, there's a caveat: if a trader withdraws an amount twice their initial deposit, Binarium reserves the right to claim 10% of that withdrawal as part of its withdrawal service.
On the whole, while the withdrawal policy doesn't seem as dubious as some users claim, certain policies might be deemed unnecessary and could potentially impact unwary users negatively.

Conclusion: Binarium Review

Our objective in each review is to offer a clear and unbiased portrayal aiding traders in their decision-making process. We meticulously evaluate brokers against stringent criteria to provide sound recommendations. Through our comparison, it became evident that Binarium might not rank as the optimal choice for binary options traders, with platforms like IQ Option and RaceOption emerging as viable alternatives conducive to long-term profitability.

Binarium’s primary strength lies in its profit-centric approach. The broker has facilitated opportunities for traders to yield favorable returns by offering timely bonuses and commendable payouts, potentially transforming traders' financial situations. Additionally, their commendable customer service provides valuable assistance in refining individual trading strategies.

However, the reliability of brokers is crucial in binary options trading, and our investigations failed to unearth credible documentation affirming Binarium's legitimacy. Moreover, apprehensions surrounding their withdrawal methods raise concerns about potential risks for traders who may not exercise due caution.

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