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Binarium Review 2024

Written By

William Berg

Written By

William Berg

William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

» William Berg Profile Page

Fact Checked By

Tobias Robinson

Fact Checked By

Tobias Robinson

Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.

» Tobias Robinson Profile Page

Updated

Nov 11, 2024

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Available in United States

Overall Rating

2.6 / 5

Binarium is #5 in our binary options broker rankings.

No Customer Reviews Yet

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Customer Reviews

Regulation & Trust

2.8 / 5

Accounts & Banking

3.8 / 5

Assets & Markets

3.3 / 5

Fees & Costs

3.5 / 5

Platforms & Tools

3.5 / 5

Customer Support

3.3 / 5

Minimum Deposit $5

Trading Platforms Own

Instruments Forex, Stocks, Cryptos

Regulators

Account Currencies USD, EUR, AUD, RUB

Payment Options QIWI, Yandex Money, Bitcoin Payments, Neteller, WebMoney, Wire Transfer, Visa, Mastercard, Credit Card, Debit Card

Pros

• The $10,000 demo account, deposit-doubling welcome bonus, smooth sign-up, and 24/7 support make for an attractive onboarding experience.
• Binarium claims to segregate client funds with EU banks, meaning traders’ money should not be misused and providing an important layer of protection, which is especially relevant given its offshore status.
• Binarium has the best education centre we’ve seen amongst binary options brands, complete with information on core topics like trading basics and account options, plus professional video guides to using the platform.

Cons

• Payouts of up to 80% are on the low side of binary options platforms based on our evaluations, which may deter traders looking for the possible best returns, though you can get back up to 15% of losing trades.
• Binarium has some way to go to match the investment offering of binary firms like Quotex, with a particularly weak selection of around 20 currencies and 3 cryptocurrencies.
• Despite being operational since 2012, Binarium is an unregulated broker with limited transparency on its website, raising safety concerns and potentially putting your capital at risk.

Binarium is an established online broker offering binary options trading on a proprietary platform. Our 2024 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)

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.

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.

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.

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.

Top 3 Alternatives to Binarium

Compare Binarium with the top 3 similar brokers that accept traders from your location.

1. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
   Go to World Forex
2. Videforex – Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
   Go to Videforex
3. RaceOption – RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
   Go to RaceOption

Binarium Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by Binarium and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

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