Binarium Review 2024

Last updated Feb 24, 2024
Логотип Binarium
4.1/5
№3 in the brokers' listTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

In the world of binary options, brokers play a critically important role. They act as the crucial link between traders and the markets these traders aim to master. Standing out among the multitude of binary options brokers on the market is Binarium, which has attracted attention with its approach to services and customer care.

This article presents a detailed review of Binarium - a binary options broker. We will investigate comprehensively, examining their offerings, terms, platform functionality, customer service level, and potential risks. We will attempt to answer a significant question many traders ask themselves: Is it safe and efficient to trade with Binarium?

It is worth noting that choosing a broker is always an individual decision. While we aim to provide the most complete and objective information, each trader should analyze this information personally and make their choice. However, we hope our review will assist you in this complex process.

Binarium Broker Overview

Foundation Year2011
Official Websitehttps://binarium.com
Regulated in CountriesSaint Vincent and the GrenadinesMore Details
Minimum Deposit
  • 5 USD
Spreadfrom 0 points
Max Leverage1:1
Trading Assets
  • Forex
  • Stocks
  • Indices
  • Cryptocurrency
  • Precious Metals
Trading Platforms
  • Binarium
Email Support
  • support@binarium.com
Hotline Phones
Social Media

Binarium 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.

The official website of Binarium can be found at //binarium.com/. It is available in 12 language versions:

  • English
  • Russian
  • Ukrainian
  • Kazakh
  • Turkish
  • Thai
  • Vietnamese
  • Spanish
  • Portuguese
  • Indonesian
  • Hindi
  • Persian (Farsi)

Binarium Review Summary

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

Rating:3/5
Legal EntityRegulator
-

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.

Account Opening

Rating:5/5

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.

Binarium Registration form
Binarium Registration form

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.

Binarium Verification
Binarium Verification

Account Types

Rating:5/5

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 minutesBinary Options 5+ minutes
Trading Assets
  • Forex
  • Commodities
  • Indices
  • Stocks
  • Cryptocurrency
  • Forex
  • Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Expiration times1 minute - 5 minutes5 minutes - 3 months
Profitabilityup 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 TypeStartStandardBusinessPremiumVIP
Minimum Deposit$5$100$500$2000$5000
Number of Trading Assets4653617378
Maximum Investment per Deal$25$50$100$250No limit
Total of Simultaneously Open Trades$100$250$1000$2500No limit
Tradeback-5% as a bonus10% as a bonus12.5% as a bonus15% real funds
Daily/Weekly Withdrawal Limit$50 / $100$200 / $500$500 / $2000$1500 / $4000$15000 / $100000
Withdrawal Request Processing, Business DaysUp to 5Up to 3Up to 211
Trading Room--BusinessBusinessBusiness, 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:

  1. the previous trading week was closed with a profit;
  2. 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.

Binarium Trading room
Binarium Trading room

Each signal has a "Strength" value. The higher it is, the more accurate the signal is.

The broker has 2 types of trading rooms:

  1. Business - a general room for traders where you can get up to 30 signals daily.
  2. 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

Rating:4/5

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

Rating:4.5/5

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 SystemCurrenciesDeposit FeeOperation Limit
WebMoneyWebMoney
USDEURRUB
0%
from 5 to 10000 USD
FKWalletFKWallet
USDEURRUB
0%
from 5 to 100000 USD
PiastrixPiastrix
USDEURRUB
0%
from 5 to 100000 USD
VisaVisa
USDEURRUB
0%
from 20 to 800 USD
MastercardMastercard
USDEURRUB
0%
from 20 to 800 USD
CryptocurrencyBlockchainDeposit FeeOperation Limit
Логотип TetherUSDT (Tether)TRC20
0%
from 20 to 10000 USD
Логотип TetherUSDT (Tether)ERC20
0%
from 500 to 10000 USD
Логотип BitcoinBTC (Bitcoin)BTC
0%
from 100 to 20000 USD
Логотип LitecoinLTC (Litecoin)LTC
0%
from 10 to 999999 USD
Логотип EthereumETH (Ethereum)ERC20
0%
from 10 to 999999 USD
Логотип RippleXRP (Ripple)XRP
0%
from 10 to 10000 USD
Логотип USD CoinUSDC (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 SystemCurrenciesWithdrawal FeeOperation Limit
WebMoneyWebMoney
USDEURRUB
0%
from 5 to 250 USD
FKWalletFKWallet
USDEURRUB
0%
from 5 to 250 USD
PiastrixPiastrix
USDEURRUB
0%
from 5 to 250 USD
VisaVisa
USDEURRUB
0%
from 20 to 250 USD
MastercardMastercard
USDEURRUB
0%
from 20 to 250 USD
CryptocurrencyBlockchainWithdrawal FeeOperation Limit
Логотип TetherUSDT (Tether)TRC20
0%
from 5 to 250 USD
Логотип TetherUSDT (Tether)ERC20
0%
from 5 to 250 USD
Логотип BitcoinBTC (Bitcoin)BTC
0%
from 5 to 250 USD
Логотип LitecoinLTC (Litecoin)LTC
0%
from 5 to 250 USD
Логотип EthereumETH (Ethereum)ERC20
0%
from 5 to 250 USD
Логотип RippleXRP (Ripple)XRP
0%
from 5 to 250 USD
Логотип USD CoinUSDC (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.

Binarium promo code
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

Rating:3.6/5

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:

  • 35 currency pairs, allowing traders to profit from the fluctuations in the exchange rates of world currencies.
  • 5 cryptocurrency pairs, allowing users to trade on the volatile cryptocurrency market and earn from its changes.
  • Precious metals - gold and silver. These assets have always been popular among traders due to their stability and predictability.
  • 7 global indices, which are baskets of stocks from specific geographic regions or sectors of the economy.
  • 14 stocks of leading global companies, providing the opportunity to earn from the financial results of these corporations.

Trading Platforms

Rating:4/5

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.

Expiration time on the Binarium platform
Expiration time on the Binarium platform

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.

4 charts on the Binarium platform
4 charts on the Binarium platform

Users can choose the type of chart (line, area, candlestick) and timeframes from 5 seconds to 12 hours.

Hourly chart of the Japanese candlestick view on the Binarium platform
Hourly chart of the Japanese candlestick view on the Binarium platform

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.

Chart with Bollinger Bands and Stochastic on the Binarium platform
Chart with Bollinger Bands and Stochastic on the Binarium platform

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

Rating:4.5/5

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.

Economic Calendar on the Binarium platform
Economic Calendar on the Binarium platform

Additionally, Binarium's YouTube channel contains videos with technical analysis, forecasts, and insights, adding depth and variety to the broker's analytical resources.

Education

Rating:4/5

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.
Binarium strategies
Binarium strategies

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

Rating:4/5

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.

One of the reviews of Binarium on TrustPilot
One of the reviews of Binarium on TrustPilot

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.

Binarium Pros and Cons

Advantages of Binarium

  1. A large selection of trading assets, including currency and cryptocurrency pairs, indices, stocks, and commodities.
  2. A convenient and functional trading platform that allows setting the expiration date of options, the amount of the bet, and the direction of price movement.
  3. There are several options for partnership programs that offer a stable income.
  4. The availability of trading signals from the broker's top traders.
  5. The organization of various tournaments for active traders.
  6. Provided bonuses do not restrict the withdrawal of funds.
  7. A wide choice of base currencies when opening an account, including cryptocurrencies.

Disadvantages of Binarium

  1. The lack of a license from a reputable financial regulator raises questions about the protection of traders.
  2. The analytical section is underdeveloped, which may complicate monitoring market conditions and finding optimal entry points.
  3. The educational section lacks webinars and seminars, limiting learning opportunities.
  4. Depending on the trading account, there are certain restrictions on fund withdrawals and extended processing times for withdrawal requests.

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. Therefore, working with the company is feasible. Still, it's essential to understand that binary options are a risky business, with a much higher chance of losing your deposit compared to Forex. Before starting, testing the service on a demo account and then with a minimum deposit is necessary. If everything functions perfectly, you can increase your account amount and continue collaborating with the organization.

Visit BinariumTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

Write a review about Binarium:

Rating: