Contents
- 1 Binarium’s Advantage and Disadvantages
- 2 Broker Overview
- 3 Trading Platform
- 4 Assets Available for Trading
- 5 Account Types
- 6 Depositing and Withdrawing
- 7 Educational Resources
- 8 Customer Support
- 9 Security and Regulation
- 10 User Experience
- 11 Conclusion about Binarium
- 12 Frequently Asked Questions about Binarium
- 12.1 What is Binarium?
- 12.2 Is Binarium regulated?
- 12.3 What is the minimum deposit to start trading on Binarium?
- 12.4 Can I use a demo account?
- 12.5 What are the available payment methods?
- 12.6 What trading instruments are available on Binarium?
- 12.7 How long does it take to withdraw funds?
- 12.8 What educational resources does Binarium provide?
- 12.9 Is it safe to trade on Binarium?
Broker rating: ⭐⭐⭐⭐
Broker | Binarium |
Company Name | Binarium Ltd. |
Headquarters | Kingstown, St. Vincent and the Grenadines |
Regulation | No |
US Traders Accepted | No |
Max Payout | 90% |
Bonus | 100% deposit bonus |
Trading Platform | SpotOption |
Trading app | Web-based only |
Demo Account | Unrestricted |
Early Closure | Available |
Deposit Options | Credit/debit cards, QIWI, Neteller, WebMoney, Mobile Commerce, Yandex.Money, Bitcoin, UnionPay |
Deposit Currencies | US dollar, Russian ruble, euro |
Minimum Deposit | $10 |
Minimum Trade | $1 |
Maximum Trade | $1,000 |
Online Since | 2014 |
Trading Instruments | Currencies: AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/USD, NZD/USD, USD/BRL, USD/CAD, USD/CHF, USD/EGP, USD/JPY, USD/RUB, USD/SGD, USD/TRY, USD/ZAR Commodities: Coffee, Gold, Oil, Platinum, Silver, Sugar, Wheat Equities: AMAZON, APPLE, BAE SYSTEMS, BARCLAYS, BIDU, BNP PARIBAS, BP, BRITISH AMERICAN TOBACCO (BAT), CITI, COCA-COLA, FIAT, FRANCE TELECOM, GAZPROM, GOLDMAN SACHS, GOOGLE, HITACHI, HSBC HOLDINGS, IBM, LUKOIL, MICROSOFT, NIFTY, NIKE, NISSAN MOTOR, PETROBRAS, REUTERS, ROLLS ROYCE, S.BANK INDIA (SBI), SAB MILLER, SBERBANK, TATA MOTORS, TESCO, TEVA PHARMA, TOSHIBA CO, TURKCELL Indices: ASX, BOMBAY SE, CAC, DAX, DJI, DSM 20, DUBAI, EGX 30, FTSE 100, HANG SENG INDEX, IBEX, ISE 30, KL FUTURE, KUWAIT, MICEX 10, MSM 30, NASDAQ, NASDAQ 100 FUTURE, NIKKEI 225, RTS, S&P 500, S&P 500 FUTURE, SSE180, STRAITS TIMES, TADWUL, TEL AVIV 25, TOPIX |
Number of Trading Instruments | 83 |
Binary Option Types | Pairs, Turbo Options, One-Touch, Limits |
Customer Support Types | 24/7 online chat, phone, email, Skype |
Tools Offered | Economic calendar, market news |
Awards | None mentioned |
Languages | English, Russian, German, Turkish, Italian, Polish |
Binarium is a binary options broker that was established in 2014, catering primarily to traders from Russia and other regions. Headquartered in Kingstown, St. Vincent and the Grenadines, this broker operates without regulation by any financial authority, which may be a significant factor to consider for potential users. The platform leverages the SpotOption trading system, known for its user-friendly interface that simplifies the trading process for both beginners and experienced traders.
The broker offers a wide range of assets to trade, with more than 80 trading instruments across various categories including currencies, commodities, equities, and indices. Traders can engage with different types of binary options such as pairs, turbo options, one-touch, and limits. With a maximum payout of 90% and a minimum trade amount of only $1, Binarium caters to a broad audience. Importantly, it provides an unrestricted demo account that enables potential traders to practice without financial commitment.
Deposit options are quite versatile, including credit/debit cards, e-wallets, and even cryptocurrencies like Bitcoin, making it accessible for various user preferences. Overall, the combination of educational resources, straightforward account creation, and a commitment to customer support positions Binarium as an appealing choice, especially for those looking to enter the world of binary options trading.
Binarium’s Advantage and Disadvantages
Advantages:
- Offers a 100% deposit bonus for new traders.
- Provides a free unrestricted demo account for practice.
- Features 24/7 customer support via multiple channels.
- Includes a wide range of educational resources and webinars.
- Supports a variety of deposit methods, including cryptocurrency.
Disadvantages:
- Not regulated by any financial authority.
- Not available to traders from the US, Ukraine, and Israel.
- Withdrawals can take up to five business days depending on account type.
- Trading platform lacks unique features compared to competitors.
Binarium is a binary options broker that has garnered attention since its inception in 2014. This review aims to explore various aspects of Binarium, from its trading platform and account types to depositing and withdrawing procedures, educational resources, and customer support. As an online trading platform, it primarily attracts traders from Russia, but also provides access to various markets throughout the world. With a user-friendly interface and distinctive features, Binarium aims to cater to both beginners and seasoned traders alike.
Broker Overview
Established in 2014, Binarium is a binary options broker that allows traders to engage in various asset markets. The broker operates under Binarium Ltd., with its headquarters located in Kingstown, St. Vincent and the Grenadines. An important point to consider is that Binarium is not regulated by any financial authority, which can raise concerns for some traders regarding safety and security.
Binarium provides a web-based trading platform powered by SpotOption, a growing choice among binary options brokers. With a focus on Russian traders, they unfortunately do not accept clients from the United States, and also restrict access for residents of Israel and Ukraine.
Trading Platform
The trading platform at Binarium is built using the SpotOption system, which offers a user-friendly interface suitable for both beginner and experienced traders. The platform includes tools for making informed trading decisions, such as candlestick and line charts, clearly displayed asset prices, and a dedicated area for expiration times. However, as this platform is also widely used by many other brokers, it lacks unique features that could differentiate it from competitors.
Despite the simplicity of the interface, the essential functionalities inherent to binary options trading are solidly represented. Users can quickly access the different types of binary options available and market data relevant to their trading strategies.
Assets Available for Trading
Binarium has a diverse portfolio of over 80 assets available for trading. Traders can engage with a variety of categories, including:
Currencies
Popular currency pairs available on the platform include:
AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/USD, NZD/USD, USD/BRL, USD/CAD, USD/CHF, USD/EGP, USD/JPY, USD/RUB, USD/SGD, USD/TRY, and USD/ZAR.
Commodities
Traders can also venture into commodities, trading assets like:
Coffee, Gold, Oil, Platinum, Silver, Sugar, and Wheat.
Equities
The equities section encompasses renowned companies, including:
AMAZON, APPLE, BAE SYSTEMS, BARCLAYS, BIDU, BNP PARIBAS, BP, BRITISH AMERICAN TOBACCO (BAT, LSE: BATS), CITI, COCA-COLA (NYSE: KO), FIAT, FRANCE TELECOM, GAZPROM, GOLDMAN SACHS (NYSE: GS), GOOGLE, HITACHI, HSBC HOLDINGS, IBM, LUKOIL, MICROSOFT, NIFTY, NIKE, NISSAN MOTOR, PETROBRAS, REUTERS, ROLLS ROYCE, S.BANK INDIA (SBI), SAB MILLER (LSE: SAB), SBERBANK (SBER), TATA MOTORS, TESCO (LSE: TSCO), TEVA PHARMA, and TOSHIBA CO.
Indices
Traders can also engage with various indices, including:
ASX, BOMBAY SE, CAC, DAX, DJI, DSM 20, DUBAI, EGX 30, FTSE 100, HANG SENG INDEX, IBEX, ISE 30, KL FUTURE, KUWAIT, MICEX 10, MSM 30, NASDAQ, NASDAQ 100 FUTURE, NIKKEI 225, RTS, S&P 500, S&P 500 FUTURE, SSE180, STRAITS TIMES, TADWUL, TEL AVIV 25, and TOPIX.
Account Types
Binarium provides traders with four distinct account types catering to different trading needs:
Basic Account
The most entry-level account at Binarium, requiring a minimum deposit of just $10. While this account allows access to trading, the resources available are quite limited. Withdrawal processing can take up to five working days.
Premium Account
The Premium Account is the most popular choice among traders, with a minimum deposit requirement of $500. This account provides benefits such as:
– Faster withdrawal times within three days
– Access to personal trading signals
– The option to copy trading strategies for the first week.
Business Account
Aimed at more seasoned traders, the Business Account requires a minimum deposit of $2,000. In addition to premium benefits, this account offers personal trading strategy development and more comprehensive market analysis, with withdrawal within one working day.
VIP Account
The highest tier is the VIP Account, which necessitates a deposit of $10,000 or more. This account encapsulates all desirable features from the previous accounts combined, with benefits such as priority support and instant withdrawals.
Depositing and Withdrawing
Depositing funds into your Binarium account is a straightforward and hassle-free process. Traders can add money using various methods, including:
- Credit/debit cards (Visa, MasterCard)
- Online applications such as QIWI, Yandex.Money, WebMoney, Neteller, Chinese UnionPay, Mobile Commerce, and Bitcoin.
The minimum deposit is only $10, allowing traders to access the platform without making significant upfront investments. Once deposits are made, the funds become available for immediate trading.
To withdraw funds, traders must submit a confirmation request, awaiting Binarium’s approval. Depending on the account type, withdrawal times range from one to five days before the funds are processed. The withdrawal fee is waived, and the minimum withdrawal amount begins at $5, with processing options available through credit/debit cards, Qiwi, Yandex.Money, and WebMoney.
Educational Resources
Binarium places significant emphasis on providing educational tools and resources for traders. The platform offers a robust library of materials including:
- A lessons page that elaborates on different types of binary options and strategies for trading.
- Video tutorials that cover basic trading strategies and market analysis.
- An economic calendar to keep users informed about upcoming market events.
- A detailed list of assets available for trading on the platform.
- Live market news to stay updated on current events that could affect trading decisions.
- Tutorials on using the trading platform efficiently.
These resources cater to both novice and experienced traders, ensuring everyone can enhance their trading knowledge and skills.
Customer Support
Customer support is a vital aspect of any trading platform, and Binarium aims to cater to its users through various channels, ensuring round-the-clock assistance. Support options include:
- 24/7 online chat, providing instant assistance for quick queries.
- Phone support, allowing for direct communication.
- Email support for more detailed inquiries.
- Skype support for those preferring a more personal touch.
By offering multiple channels for customer service, Binarium ensures that traders have the resources they need, regardless of their experience level.
Security and Regulation
Although Binarium has not secured any regulation by established financial authorities, measures are in place to enhance user security. The broker employs industry-standard encryption protocols to protect user data and transactions.
However, the absence of regulation may concern some traders, making it essential to weigh the pros and cons of using this platform. Traders should conduct their due diligence and consider their personal risk tolerance during the trading journey.
User Experience
The overall user experience on Binarium is designed to be intuitive and accessible. The web-based platform enhances ease of access across different devices and browsers. The interface is simplified, catering to those who may find the world of trading daunting.
Account creation is straightforward, requiring only basic personal information initially. Additionally, Binarium offers a demo account that allows potential users to explore the platform without financial risk. This feature is particularly advantageous for those wishing to test trading strategies.
Conclusion about Binarium
Binarium is a binary options broker that caters primarily to Russian traders, offering a user-friendly web-based platform powered by SpotOption. The minimum deposit is set at just $10, providing an accessible entry point for new traders. Notably, Binarium offers a no-restriction demo account for practice trading, making it beneficial for beginners. Traders can choose from four main account types, ranging from basic to VIP, with various features and withdrawal times from one to five days. The platform supports multiple payment methods, including credit/debit cards, Bitcoin, and local e-wallets, enhancing convenience. However, it is important to note that Binarium is not regulated, which may raise concerns for some traders. The broker also provides an array of educational resources, including webinars and tutorials, to support traders at various experience levels.
Binarium offers a compelling trading environment for those interested in binary options. With a strong array of assets, various account types, and an educational focus, the platform caters to traders at multiple experience levels. While regulatory concerns exist, the usability and features of Binarium may well appeal to numerous users looking for a convenient entry into the world of binary options trading.
Frequently Asked Questions about Binarium
What is Binarium?
Binarium is a binary options broker that provides a trading platform for various assets.
Is Binarium regulated?
No, Binarium is not regulated by any financial authority, making it less secure for traders.
What is the minimum deposit to start trading on Binarium?
The minimum deposit required is just $10, making it accessible for new traders.
Can I use a demo account?
Yes, Binarium offers an unrestricted demo account for traders to practice without risk.
What are the available payment methods?
Traders can deposit using credit cards, Neteller, Bitcoin, and more.
What trading instruments are available on Binarium?
Binarium offers 83 trading instruments, including currencies, commodities, and equities.
How long does it take to withdraw funds?
Withdrawal times vary by account type, ranging from one to five business days.
What educational resources does Binarium provide?
Binarium offers webinars, trading tutorials, and an economic calendar for traders to enhance their skills.
Is it safe to trade on Binarium?
Due to a lack of regulation, trading on Binarium carries higher risks compared to regulated brokers.