Overview
Binarium is among the early-operating binary options platforms, serving customers since 2012. Headquartered in St. Vincent and the Grenadines, with an office in Cyprus, the platform, however, is yet to be licensed by CySEC despite its Cyprus presence.
The platform has developed an exclusive trading interface tailored for both novice and experienced investors to trade effectively.
Currently, Binarium offers over 120 asset types for investors to trade.
The platform's website is available in multiple languages, and Binarium provides services to various countries except for the United Kingdom.
Introducing Binarium
Binarium is a proprietary brand owned and operated by Binarium Ltd, a financial services company headquartered in Cyprus. The company's main office is located at 60 Vasileos Pavlou, Agios Dometios, CY 2360, Nicosia.
Binarium supports seven different languages, including Russian, English, Thai, Ukrainian, German, Turkish, and Vietnamese. The company offers traders profit rates ranging from 75% to 800%, depending on the type of options.
Is Binarium Legit or a Scam?
Binarium is not considered a scam trading platform. Throughout its over 6 years of operation, the company has consistently fulfilled payments to its customers. We have found almost no negative feedback regarding the company's reliability.
However, we couldn't find any information regarding the company's brokerage license. This means that in the event of a dispute with Binarium, there would be no regulatory body to assist in resolution.
Despite the company's relatively long operational history and the trust it has built among investors, we still advise caution. It's recommended to invest only funds you can afford to lose. While you can participate in trading with Binarium, it's wise not to put all your eggs in one basket to mitigate potential risks.
Demo Account
Registering for a demo account at Binarium is incredibly straightforward. You simply fill in basic personal information on the registration page and follow a few simple steps to verify the details.
Upon successful registration, you'll receive a virtual amount of $12,000 to practice trading on an account similar to the illustration below:
You can engage in the demo account experience completely free of charge.
Account Types at Binarium
![Binarium Review - Is it legit? Honest Opinion [2022] - TradingThug](https://tradingthug.com/wp-content/uploads/2022/02/Binarium-Account-Types-1024x754.jpg)
Micro Account
This is the entry-level account at Binarium, requiring a minimum deposit starting from $100. Traders with this account type gain access to training materials encompassing suitable trading strategies.
Premium Account
The Premium account necessitates a minimum deposit starting from $500. Upon registering for this account, traders receive 3 risk-free trades, a 30% welcome bonus, free access to webinars, a dedicated account manager, and similar benefits to the Micro account.
Business Account
To qualify for the Business account, traders need to deposit a minimum of $1,000. This account provides priority withdrawal, daily asset analysis reports, and benefits akin to the Premium account.
VIP Account
This is the highest-tier account at Binarium, requiring a minimum deposit starting from $3,000. In addition to benefits similar to the Business account, VIP account holders gain access to daily trading signals, enhancing their winning potential.
Binarium Asset
At Binarium.com, a diverse range of trading assets from various global markets is available for selection, including:
Currencies: Binarium offers various currency pairs for trading such as EUR/GBP, EUR/JPY, USD/CAD, USD/JPY, GBP/USD, EUR/USD, USD/CHF, USD/ZAR, USD/SGD, AUD/USD, USD/EGP, USD/RUB, USD/BRL, USD/TRY, and more.
Stocks: Traders can engage with stocks from renowned companies like Coca-Cola, HSBC Holdings, Citigroup, Microsoft, Apple, Nike, Petrobras, IBM, Goldman Sachs, Gazprom, BP, Google, Lukoil, Sberbank, France Telecom, FIAT, BAT, Baidu, Barclays, Amazon, Nissan Motor, Hitachi, Rolls Royce, BAE Systems, Reuters, TATA Motors, TurkCell, Toshiba, Teva Pharma, BNP Paribas, Tesco, SAB Miller, among others.
Indices: Available indices include IBEX, Nikkei 225, Tel Aviv 25, Topix, KL Future, Straits Times, NASDAQ 100 Future, S&P 500 Future, DSM 20, EGX 30, TADAWUL, MSM 30, RTS, MICEX 10, ISE 30, FTSE 100, CAC, DAX, NASDAQ, S&P 500, DJI, SSE 180, Hang Seng Index, Bombay SE, Kuwait, Dubai, and more.
Commodities: Binarium allows trading in commodities such as Coffee, Sugar, Gold, Platinum, Silver, Oil, and more.
Depositing and Withdrawing Funds from Binarium Account
Deposits
Unfortunately, Binarium does not currently support direct bank transfers, which might inconvenience Vietnamese investors. To deposit funds into a Binarium account, users can opt for the following methods:
- Visa card
- International e-wallets like Qiwi, Webmoney, Neteller
Withdrawals
For withdrawals on Binarium.com, users can withdraw funds using Visa cards or international e-wallets such as Qiwi / Yandex Money / WebMoney. The minimum withdrawal amount is $5, and the maximum per withdrawal is $250.
Typically, during business hours, withdrawal requests are processed within 1 working hour. If the request is made outside business hours, it will be processed on the following day.
If you need to withdraw an amount exceeding the maximum withdrawal limit, you can contact customer support for assistance.
Trading Platform
Amidst the increasing variety of binary options platforms, brokers need distinct features to attract new clients and retain existing ones. Binarium stands out with its enticing offers of low deposit amounts and minimal trade thresholds, appealing to traders.
Moreover, the Binarium trading platform is exclusively user-friendly, requiring no downloads for navigation. It offers numerous trading options and boasts excellent payment methods.
Educational Resources
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.
Support Services
Customer support policies are a priority at Binarium. Traders can seek assistance from Binarium via email, phone, or engage in live chat sessions.
Furthermore, traders can access information about the platform and exchange knowledge with other investors through Binarium's Facebook channel.
Email: support@binarium.com
Phone: +35 722 052 784
Address: Binarium Limited, Suite 305, Griffin Corporate Centre, PO Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines
Conclusion
Throughout its many-year journey of establishment and growth, Binarium has steadily solidified its position in the binary options market. The platform caters to the needs of both novice traders and seasoned investors.
Despite not being licensed by CySEC or ASIC, its extensive operational history has demonstrated its credibility. If you're seeking a brokerage platform that offers a comprehensive and reliable trading experience, Binarium is a choice worth considering.
FAQ's
What are binary options?
Binary options are financial instruments that allow traders to speculate on the direction of an asset's price within a specified time frame. If the trader's prediction is correct, they receive a fixed payout; if incorrect, they lose the initial investment.
How do I start trading on Binarium?
To begin trading on Binarium, you need to register an account, select an appropriate account type, deposit funds, and then you can start trading by selecting your desired assets and investment amount.
What are the available assets for trading?
Binarium offers a wide range of assets, including currency pairs, stocks, indices, and commodities such as gold, silver, oil, and more.
What are the different account types offered by Binarium?
Binarium provides various account types like Micro, Premium, Business, and VIP, each offering different features and benefits based on deposit amounts.
How can I deposit funds into my Binarium account?
Deposits can be made using Visa cards, international e-wallets like Qiwi, Webmoney, Neteller, and other specified methods on the platform.
What is the minimum investment amount?
The minimum investment amount depends on the chosen account type and asset. It typically starts from $1.
