Binarium Review 2024
Highlights of Binarium
Binarium is one of the leading binary options brokers, regulated by the FSA of Saint Vincent and the Grenadines.
Binarium attracts traders with favorable trading conditions, bonuses, a free demo account, and extensive analytics. The user-friendly trading platform allows easy setting of option expiration times, stake amounts, and price movement directions.
Despite lacking a license from reputable financial regulators, Binarium enjoys a positive reputation among traders due to its wide range of trading assets and attractive trading conditions.
Pros and Cons of Binarium
Pros
- Wide selection of trading assets.
- Convenient and functional trading platform.
- Availability of trading signals from the broker's top traders.
- Various tournaments for active traders.
- Provided bonuses do not restrict the withdrawal of funds.
- Wide choice of base currencies for account opening, including cryptocurrencies.
Cons
- Absence of a license from a reputable financial regulator.
- The analytical section is poorly developed.
- The educational section lacks webinars and seminars.
- Long processing time of withdrawal requests.
Binarium reviews
4.6 out of 5
4.6 из 5
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Binarium Broker Overview
| Foundation Year | 2011 |
|---|---|
| Official Website | https://binarium.com |
| Regulated in Countries | Saint Vincent and the GrenadinesMore Details |
| Minimum Deposit |
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| Spread | from 0 points |
| Max Leverage | 1:1 |
| Trading Assets |
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| Trading Platforms |
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| Email Support |
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| Hotline Phones | |
| Social Media |
Telegram
VK
Facebook
YouTube
InstagramBinarium is a binary options broker offering an online platform for trading various assets such as currency pairs, stocks, indices, and commodities. The platform typically allows traders to make trades over short-term intervals with fixed income and risk.
Binarium is in the top 10 of the following ratings:
Binarium Review Summary
- Presence of SVGFSA license.
- Lack of regulation in countries with stricter requirements.
In our review of the Binarium broker, we apply a strict and objective evaluation methodology developed by our team of experts. This methodology includes analyzing various aspects of the broker's operations, such as trading platforms, analytical tools, educational materials, and the quality of technical support. For a more detailed understanding of our approach to assessment, you can familiarize yourself with our methodology.
Continue reading the review to learn all the details about Binarium and make an informed choice.
Reliability and Regulation
| Legal Entity | Regulator |
|---|---|
BINARIUM LIMITED (SVG) BINARIUM LIMITED (SVG) | SVGFSA SVGFSA |
BINARIUM LIMITED (CY) BINARIUM LIMITED (CY) | - |
Many brokers prefer registering their business in offshore zones to simplify business management and save on taxes. This applies to international companies. Binarium is among such brokers.
From a jurisdictional perspective, Binarium is registered in two offshore zones: Cyprus and Saint Vincent and the Grenadines. This is common for binary options brokers, many of whom choose offshore jurisdictions for their company registration for various reasons, including tax benefits and more straightforward registration procedures.
It is important to note that Binarium is licensed by the SVGFSA (Financial Services Authority Saint Vincent and the Grenadines), indicating that the broker operates under the supervision of this regulator. However, the SVGFSA is less stringent and authoritative than regulators like the UK FCA or CySEC in Cyprus. This means that the level of investor protection may be lower than that provided by brokers regulated by stricter authorities.
Also, check if Binarium is legal in India.
Account Opening
Opening a brokerage account with Binarium is extremely simple and convenient. Registration is possible through the standard form with an email and password and through social networks, making the process even faster. The choice of the account's base currency includes both fiat currencies and cryptocurrencies, adding flexibility. The minimum deposit of just $5 makes the platform accessible to many investors. Verification, though mandatory, is a standard procedure to ensure account security.
Registration
Creating a personal account on the Binarium site is very simple. The form to fill out is on the right so that you can register immediately. You need to enter:
- Your email address;
- A password.
In addition to the standard registration method, a simplified system is available through your personal Google account.
Account Currency
During registration, you will also need to choose the base currency of your trading account. Decide on the currency in advance, as it cannot be changed later. You can open a trading account in one of the following currencies:
- United States Dollar (USD)
- Euro (EUR)
- Ukrainian Hryvnia (UAH)
Apart from fiat currencies, Binarium offers the opportunity to trade in cryptocurrency. You can choose one of the following cryptocurrencies as the base currency:
- Bitcoin (BTC)
- Litecoin (LTC)
Minimum Deposit
The minimum deposit at Binarium is only $5 or equivalent in your account currency. This means that a significant starting capital is not required to start trading and earning real profits. Such a low entry threshold makes Binarium an attractive choice for beginner traders and those who want to test the platform with minimal risk.
However, it should be noted that the minimum deposit may vary depending on the payment system you choose. Therefore, before making a deposit, it is worth studying the information about each payment system in the "Bank" section in the Binarium personal account area.
Verification
Verification at Binarium is mandatory for all users and necessary for withdrawing funds. It includes confirming your identity and the payment methods used to fund your account.
The verification process begins by filling in all the fields with personal information in your profile on the Binarium platform. Afterward, proceed to the "Verification" section and follow the instructions. When preparing documents for verification, it is important not to hide or edit parts of scans and photos except those indicated in the instructions.
Binarium strictly adheres to the principle of not allowing the use of third-party payment details. Withdrawals to unverified payment methods are also not possible.
Account Types
Binarium offers a wide range of opportunities for trading binary options, making it an attractive choice for traders of all levels. With a minimum deposit of $10 and a minimum trade amount of $1, the platform is accessible to beginners. A maximum option yield of up to 90% and various expiration terms add flexibility. The availability of a demo account and various trading accounts with different conditions makes the platform adaptable to the trader's needs.
Binary Options
The minimum deposit in the system is only $10 or 600 units of the base currency in ruble equivalent. Since trading on Binarium is only possible on binary options, the usual concepts of leverage spreads and minimum lot size do not exist. The smallest order size is $1. Thus, with the minimum deposit, you can make 10 trades or more.
| Binary Options 1-5 minutes | Binary Options 5+ minutes | |
|---|---|---|
| Trading Assets |
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| Expiration times | 1 minute - 5 minutes | 5 minutes - 3 months |
| Profitability | up to 90% | up to 90% |
| Minimum Trade | $1 | $1 |
The trading conditions are pretty standard compared to similar binary options brokers. However, there is a nuance.
Trading Accounts
Binarium has different types of accounts that differ in minimum deposit, number of trading assets, maximum deal size, and other aspects, as outlined in the table below.
| Account Type | Start | Standard | Business | Premium | VIP |
|---|---|---|---|---|---|
| Minimum Deposit | $5 | $100 | $500 | $2000 | $5000 |
| Number of Trading Assets | 46 | 53 | 61 | 73 | 78 |
| Maximum Investment per Deal | $25 | $50 | $100 | $250 | No limit |
| Total of Simultaneously Open Trades | $100 | $250 | $1000 | $2500 | No limit |
| Tradeback | - | 5% as a bonus | 10% as a bonus | 12.5% as a bonus | 15% real funds |
| Daily/Weekly Withdrawal Limit | $50 / $100 | $200 / $500 | $500 / $2000 | $1500 / $4000 | $15000 / $100000 |
| Withdrawal Request Processing, Business Days | Up to 5 | Up to 3 | Up to 2 | 1 | 1 |
| Trading Room | - | - | Business | Business | Business, VIP |
Tradeback
Tradeback is a tool for reimbursing some of the trader's losing trades. It is credited for the previous week and is paid out every Tuesday. Tradeback is not transferred if:
- the previous trading week was closed with a profit;
- the amount of tradeback is less than $5.
You can opt out of tradeback by contacting the broker's support service.
Trading Room
The trading room is a trading tool that allows you to open deals in one click based on signals from Binarium's top traders.
A trading signal is information about which asset, when, and in which direction to open a deal.
Each signal has a "Strength" value. The higher it is, the more accurate the signal is.
The broker has 2 types of trading rooms:
- Business - a general room for traders where you can get up to 30 signals daily.
- VIP - a room with an individual approach. Each VIP client has a personal manager who teaches trading and gives comments on signals.
Access to the trading room can be obtained by opening the corresponding account or using a promo code the company sends by email.
Demo Account
After registering an account, Binarium allows users to test their strengths and strategy on a free virtual account. All quotes, parameters, and indicators are identical to the real ones, so clients can immerse themselves in exchange trading without risking losing money.
Binarium Contests
Binarium regularly holds trading tournaments, which are conditionally divided into:
- Free - the prize fund is formed from bonus funds.
- Paid - the prize fund is created from real funds.
Tournament List at Binarium
- Daily
- Weekly
- Bi-weekly
- Weekend
There are also unique draws where tournament winners can receive valuable prizes (phone, laptop, TV).
You can participate in the tournament using a particular account, which opens automatically after you enter and start the tournament.
If you participate in a paid tournament, the participation fee is automatically deducted from your balance.
Commissions
Binarium only charges a fee for account inactivity. If there are no trading operations for 90 days, the user sets a fee of 50 euros or the equivalent in another currency. This encourages traders to maintain activity on the platform and regularly execute trades.
However, without trading commissions, traders may wonder, "How then does Binarium earn money?".
Binarium's earnings are predominantly based on the trading outcomes of its clients. When traders lose their stakes in binary options, these funds go to the broker. This is the primary way of generating income for most binary options brokers.
Nevertheless, Binarium, as a responsible and reliable broker, prioritizes the success of its clients. The company earns from unsuccessful trades and strives to attract new clients by offering quality service, educational materials, and other services. Therefore, it is possible to make money with Binarium, which is confirmed by many client reviews of the company.
It is important to remember that trading binary options involves risks, and every participant in the trading must be aware of this before starting to work on the platform.
Deposit and Withdrawal
The company "Binarium" offers many methods for depositing and withdrawing funds. The variety of options for depositing and withdrawing funds is a clear advantage of this organization, as clients can choose the most convenient method.
Deposit Methods
| Payment System | Currencies | Deposit Fee | Operation Limit |
|---|---|---|---|
 WebMoney |  USD EUR RUB. . .show all | 0% | from 5 to 10000 USD |
| FKWallet | USDEURRUB. . .show all | 0% | from 5 to 100000 USD |
 Piastrix | USDEURRUB. . .show all | 0% | from 5 to 100000 USD |
 Visa | USDEURRUB. . .show all | 0% | from 20 to 800 USD |
 Mastercard | USDEURRUB. . .show all | 0% | from 20 to 800 USD |
| Cryptocurrency | Blockchain | Deposit Fee | Operation Limit |
|---|---|---|---|
 USDT
(Tether) | TRC20 | 0% | from 20 to 10000 USD |
| USDT
(Tether) | ERC20 | 0% | from 500 to 10000 USD |
 BTC
(Bitcoin) | BTC | 0% | from 100 to 20000 USD |
 LTC
(Litecoin) | LTC | 0% | from 10 to 999999 USD |
 ETH
(Ethereum) | ERC20 | 0% | from 10 to 999999 USD |
 XRP
(Ripple) | XRP | 0% | from 10 to 10000 USD |
 USDC
(USD Coin) | ERC20 | 0% | from 20 to 10000 USD |
A significant advantage of Binarium is that the account is instantly credited after the payment confirmation. This means that funds are reserved in your account and immediately reflected on the trading platform and in the personal cabinet, allowing clients to start trading without delays.
As for the fees, the broker does not charge for depositing into the account and reimburses all commissions from payment systems.
Withdrawal Methods
| Payment System | Currencies | Withdrawal Fee | Operation Limit |
|---|---|---|---|
| WebMoney | USDEURRUB. . .show all | 0% limitscommission limits | from 5 to 250 USD |
| FKWallet | USDEURRUB. . .show all | 0% | from 5 to 250 USD |
| Piastrix | USDEURRUB. . .show all | 0% | from 5 to 250 USD |
| Visa | USDEURRUB. . .show all | 0% limitscommission limits | from 20 to 250 USD |
| Mastercard | USDEURRUB. . .show all | 0% limitscommission limits | from 20 to 250 USD |
| Cryptocurrency | Blockchain | Withdrawal Fee | Operation Limit |
|---|---|---|---|
| USDT
(Tether) | TRC20 | 0% | from 5 to 250 USD |
| USDT
(Tether) | ERC20 | 0% | from 5 to 250 USD |
| BTC
(Bitcoin) | BTC | 0% | from 5 to 250 USD |
| LTC
(Litecoin) | LTC | 0% | from 5 to 250 USD |
| ETH
(Ethereum) | ERC20 | 0% | from 5 to 250 USD |
| XRP
(Ripple) | XRP | 0% | from 5 to 250 USD |
| USDC
(USD Coin) | ERC20 | 0% | from 5 to 250 USD |
Binarium stands out from many brokers by not charging a commission for withdrawing funds from an account. Moreover, the company covers the payment system's commission for these operations. However, it should be noted that if the client's trading turnover has not exceeded the deposited amount by two times, the company may not cover the payment system's commission.
The time it takes to process a withdrawal request at Binarium depends on the client's account type. Nonetheless, the company strives to process requests in the shortest possible time. Requests are processed during the working hours of the financial department: from 09:00 to 22:00 (GMT+3) from Monday to Friday. Requests may also be processed on weekends in a limited mode.
Account Deposit Bonuses
Binarium offers its clients a unique opportunity to increase their trading potential through bonuses. Additional funds can be credited to your account when you replenish your balance. To receive them, use a unique Binarium promo code.
The bonus amount you receive from the Binarium depends on the size of your deposit and the promo code. The more you deposit, the more bonus funds you can receive, which enhances your trading opportunities and potential profit.
One of the key advantages of the Binarium bonus system is that it does not limit the withdrawal of funds. At any time, you can withdraw your profit and deposit funds. However, note that when withdrawing funds, all bonus funds not used in trading with a turnover of x40 become inactive and are deducted from the account.
The Binarium bonus system provides additional trading resources, helping maximize your profit. This significantly enhances your capabilities and makes trading binary options even more attractive.
Markets and Products
Binarium offers a sufficiently broad selection for traders of various levels and specializations. The availability of different asset categories, such as currency pairs, cryptocurrencies, precious metals, indices, and stocks, makes this broker quite versatile. However, the selection may seem somewhat limited for more experienced traders seeking a greater variety of assets.
What markets are available?
Binarium provides its clients with a diverse set of trading assets, including:
| Broker | Olymp Trade | Binarium | Binomo |
|---|---|---|---|
| Forex | 28 | 35 | 28 |
| Precious Metals | 2 | 2 | 2 |
| Energy Carriers | 1 | — | 1 |
| Indices | 11 | 7 | 5 |
| Stocks | 33 | 14 | 28 |
| ETF | 6 | — | — |
| Cryptocurrency | 19 | 5 | 6 |
Trading Platforms
The Binarium broker platform provides traders with a wide range of tools for successful trading. One of the critical features of the platform is the ability to set the expiration period of options ranging from one minute to three months. This allows traders to adapt their strategy to market conditions and preferences.
Binarium platform
In the terminal, traders have the option to choose the direction of the price movement ("higher" or "lower") and set the amount of the bet. However, it should be noted that complex options, early termination of an option, and multipliers (equivalents to leverage) are not provided.
The visual representation of data on the platform allows up to four charts to be displayed on the screen simultaneously, facilitating the analysis of different assets and option types.
Users can choose the type of chart (line, area, candlestick) and timeframes from 5 seconds to 12 hours.
Technical analysis on the platform is represented by two types of tools: graphical and indicator. Traders have classic Fibonacci levels, stochastic, moving averages, RSI, ATR, Alligator, and Bollinger Bands at their disposal. Thanks to the one-click trading feature, traders can quickly respond to market changes.
The Binarium platform is fully adapted for mobile devices, allowing traders to manage their operations from anywhere. For Android users, a unique mobile application simplifies trading from a smartphone.
Overall, the Binarium platform appears quite attractive to most traders due to its functionality, convenience, and adaptability for mobile devices.
Analytics
For monitoring market conditions, finding optimal entry points, and more, several tools are available on the website:
- An economic calendar;
- A trading session schedule;
- Trading signals in the trading room.
These tools can be helpful for both beginners and experienced traders for market monitoring and strategy development.
Additionally, Binarium's YouTube channel contains videos with technical analysis, forecasts, and insights, adding depth and variety to the broker's analytical resources.
Education
The educational section is well-developed, featuring:
- Informational articles about strategies, indicators, etc.;
- Instructions for getting started in the system;
- A frequently asked questions and answers section.
Although the "Education" section contains many articles, other educational materials such as video tutorials, webinars, or seminars are absent. However, individual training with a personal manager is available for an additional fee.
Additionally, for those who prefer more interactive forms of learning, Binarium's YouTube channel offers videos dedicated to applying various indicators and strategies.
Customer Support
Binarium's technical support offers a variety of communication channels, including telephone, email, and live chat, making the process of interacting with broker representatives convenient and accessible. Most reviews confirm a quick and courteous response from the support service.
However, there are negative reviews about Binarium, particularly concerning the company's unregulated status and issues with account freezing. These factors can cause specific concerns among potential clients and call into question the reliability and professionalism of the support service.
How to contact support?
Binarium provides several popular methods of communication between clients and organization representatives:
- A contact telephone hotline at +357(22)052784 or +44(203)6957705.
- An email address at support@binarium.com.
- An online chat is available on the official website of the broker.
This variety allows clients to find a way to communicate with broker representatives easily.
You can find all contact options at the bottom of the website's page, with a "Contact Us" section.
Reviews of Binarium Support
Reviews of Binarium's technical support are pretty diverse. On the one hand, many users note the quick response and politeness of the staff, as well as the convenient interface. These aspects speak in favor of the efficiency and professionalism of the support service.
On the other hand, there are negative reviews about the broker concerning the unregulated status of the company and possible problems with account freezing. One user claims that they received rude responses after contacting support and had to seek legal assistance.
Conclusion
Binarium offers good trading conditions, bonuses, a free demo account, education, and analytics. The trading platform is user-friendly and easy to use, and the firm has a positive reputation. While there are some drawbacks, the aggregate of positive aspects of the service is significantly higher.
FAQ
Is Binarium legal?
Yes, Binarium is a legal broker regulated by the FSA of Saint Vincent and the Grenadines.
Which country is Binarium from?
Binarium is based in Saint Vincent and the Grenadines.
How does Binarium make money?
Binarium makes money through the spread on trades, as well as from the outcomes of trades placed by its clients. They may also earn from additional services and fees.
Is Binarium good for beginners?
Yes, Binarium is considered good for beginners due to its user-friendly platform, free demo account, and extensive educational resources.
Does Binarium offer a demo account?
Yes, Binarium offers a free demo account for traders to practice and familiarize themselves with the platform.
How can I open an account with Binarium?
To open an account with Binarium, visit their website, click on the "Sign Up" button, and follow the registration process by providing the required personal information and creating a password.
How can I delete my Binarium account?
To delete your Binarium account, you need to contact their customer support team via email or live chat and request the closure of your account.
What is the minimum deposit for Binarium?
The minimum deposit for Binarium is $5.
How do I deposit funds in a Binarium account?
To deposit funds in a Binarium account, log in to your account, go to the "Deposit" section, select your preferred payment method, enter the deposit amount, and follow the instructions to complete the transaction.
How do I withdraw money from Binarium?
To withdraw money from Binarium, log in to your account, go to the "Withdrawal" section, select your preferred withdrawal method, enter the amount you wish to withdraw, and follow the instructions to complete the process.
