Binarium is an online trading broker that provides services in trading binary options. All of the features the broker offers make it appear as a good choice for trading assets. The key question however is whether Binarium is the perfect option for you to trade binary options in 2024.
In this Binarium review, all you need to know about the broker will be explained in detail, from the platform’s user interface to the trading platform. While choosing a broker is an individual decision, this will help you make an informed decision geared toward starting an account with Binarium.
About Binarium
Binarium is a binary options broker that was founded in 2012 and provides trading services for the most basic traders to work with. Tradable instruments include forex pairs, stocks, cryptocurrencies, and of course, binary options.
The broker provides an intuitive trading experience for users to enjoy, a demo account with $10,000 of virtual funds, and trading robots that help make market analysis more effective. There are currently 51,000+ registered traders worldwide with Binarium, and it offers 24-hour trading from Monday to Friday, with lightning-fast customer support for user complaints.
Pros and Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ Intuitive platform suitable for beginners | ❌ Unregulated platform |
| ✅ Minimum deposit of $5 | ❌ Poor information provided on the platform |
| ✅ A good range of payment methods are available | ❌ A limited number of tradable instruments |
| ✅ Offers demo account | ❌ Difficulties with fund withdrawals |
| ✅ Provides educational materials |
Trading Platform
Binarium comes with its own fully built-in trading platform that provides a simple trading interface for newbie traders. As it stands, the platform is not an ideal one for professional traders, as it does not provide advanced trading tools for them to work with.
Users can begin trading on Binarium with just $1, although the minimum deposit is $5. The trading platform comes with 12 indicators, 4 chart types, short-term trades of up to 5 minutes, long-term trades of up to 3 months, and live price quotes. Trading on Binarium comes with a payout percentage of up to 80%.
Account Types
Binarium supports five(5) different account types for users. These accounts are:
Start account – The deposit amount on this account is from $0 – $100 and it provides access to 63 tradable assets. The account does not offer tradebacks on losses and has a withdrawal limit of $50/$100 per day/per week.
Standard account – With the standard account, users have access to 72 tradable assets, a 5% trade back on any loss, and a withdrawal limit of $200/$500 per day/per week. The minimum deposit for this account is $100 – $500.
Business account – The business account comes with access to 88 tradable assets and access to a business trading room. The minimum deposit/withdrawal amount for this account ranges from $500-$2000 with a 10% trade back on losses.
Premium account – A premium account has a deposit range of $2000-$5000, and gives access to 108 assets with a 12.5% trade back on losses. Users also gain access to a business trading room, with a withdrawal limit of $1500/$4000 per day/per week. Withdrawals for this account are processed within a day.
VIP account – VIP accounts provide users with 116 tradable assets, a deposit amount of $5000, and a 15% trade back on losses. The withdrawal limit for this account ranges between $15000/$100000 per day/per week with every other benefit of the premium account.
Demo account
Users can kick off their trading experience on Binarium with a demo account. The demo account comes with $10,000 of virtual funds with the USD as its base currency. To start with a demo account, all that is required is a quick registration process. The demo account is also interchangeable with the live account at any time.
Binarium Deposits & Withdrawals
Binarium offers a good range of payment methods that users can access to make deposits, or when withdrawing funds. The platform only accepts payments in USD, EUR, AUD, and RUB.
Deposits
To deposit Binarium requires a minimum of $5. Users can also go ahead to deposit up to $10,000 in a single go. All deposits are processed on the spot and immediately reflected on the user’s Binarium account.
Here’s a list of the payment methods accepted on Binarium:
- MasterCard/Visa
- STICPAY
- Qiwi
- Neteller
- Wire transfers
- Cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
Withdrawals
Withdrawals are made on Binarium using the same payment methods as making deposits. Processing for withdrawls also depends on the account type and can span a period of 1 to 5 days.
Note that Binarium does not charge any fees for making deposits or withdrawals.
Binarium Security
As a broker that has been on the market for more than a decade, Binarium has maintained a good level of customer fund security. However, it might be dangerous to entrust all of your funds to an unregulated broker, seeing as there is no law guiding the company and ensuring the best customer financial service.
Customer Support
One of Binarium’s most reliable features is its customer support service. The platform provides a live chatbot, a telephone line for direct calls and an email and Telegram community. This is backed by a FAQ section on the page. Customer Support comes in several languages to enhance customer satisfaction.
Final Words
Binarium provides users with an intuitive platform and an easy navigation process. Trades are made without any fees attached, and users can enjoy trading with as little as $1 with high payouts.
However, the broker is unregulated by any reputable agency. Overall, you can choose to trade with little amounts on the broker if you decide to continue with it.
FAQs
Is Binarium a good broker?
While Binarium offers a good user experience and trading platform, it is still a highly unregulated platform. It is still a good broker to trade.
What are the instruments available on Binarium?
Bunsriun offers trading binary options, forex pairs, cryptocurrencies, stocks, and commodities.
How long does a withdrawal take to process?
Depending on your account type, withdrawals can often be between 1 to 5 days.
