Binarium review and test – Is it a scam or not?

Review:	Regulation:	Min. deposit:	Yield:	Bonus:
(4 / 5)	No	$ 5	80 – 95%	Yes, up to 100%

It has always been difficult to find a trusted trading broker in the market for a newbie. This review will enable you to have a fine understanding of the Binarium platform, what it is, what it offers, and many other services that people have been looking for. So, brace yourself and spare a few minutes to read this detailed review.

Is Binarium a scam or not? Should you really invest your money there? – In this review, we will give you all details about the broker and its offers. Inform yourself before depositing money.

Introduction to the Broker Binarium

Binarium is a Cyprus-based trading platform that is providing services to people since 2012. It is a safe and reliable platform to start a trading journey. It offers different types of market access, like crypto oil and gold. It also offers different account types to start trading. It has a very easy-to-use interface from opening the account to depositing and withdrawing.

The support team is active and vibrant to assist the users at their earliest. It is operating in many countries. Deposit and withdrawal methods are not that hard. It also offers different types of offers and bounces on various occasions. About the company, there is not so much information. Binarium.com is managed by the company Binarium Limited with the registration number HE321566 and the address: Office 02, 9 Kappadokias, Dasoupoli, 2028, Nicosia, Cyprus.

Facts about Binarium

⭐ Rating:	4 / 5
🏛 Founded:	2012
💻 Trading platforms:	Webtrader
💰 Minimum deposit:	$5
💱 Account currencies:	EUR, USD, AUD, BRL
💸 Withdrawal limit:	Depending on your account level
📉 Minimum trade amount:	$1
⌨️ Demo account:	Yes
🕌 Islamic account:	No
🎁 Bonus:	Yes
📊 Assets:	Forex, Cryptocurrencies, Indices, Commodities
💳 Payment methods:	Bank transfer, credit-debit card, webmoney, various local payment options
🧮 Fees:	No spreads or commissions
📞 Support:	27 / 7 live chat via chat, phone, Telegram bot or e-mail
🌎 Languages:	12 languages

(Risk warning: Your capital can be at risk)

Safety and regulation of Binarium

Binarium is providing its services to people for many years. It shows the credibility of this platform among users due to its transparent work for years. The platform is safe and secure, but it is not regulated at the moment. It keeps the user’s funds in segregated EU banks and provides a strict privacy policy, a 3d secure system, and SSL Certified payment methods. Hence, Binarium is a safe platform to start the trading journey.

Note: “Binarium is not regulated by an official financial authority.”

What are the pros and cons of Binarium?

Binarium has been around for more than ten years now and is very attractive to new traders. But what are the advantages and disadvantages of the broker? In this section, we will share our experience.

Pros of Binarium	Cons of Binarium
✔ Low minimum deposit of only $5	✘ No official regulation at the moment
✔ Binary options trading is easy to understand and, therefore, popular	✘ Withdrawal limits per day are kind of low
✔ Option to choose cryptocurrencies as account base currencies
✔ Customer support is available 27 / 7
✔ Regular lucrative trading contests take place
✔ Large variety of different deposit methods are available

How good is the usability of Binarium?

At first sight, the simple and user-friendly set-up and design of Binarium platform are obvious. Let’s take a more in-depth look at some of the key aspects when it comes to usability.

Criteria	Rating
General Website Design and Setup	★★★★ Solid and secure design of the platform, with some interesting information about the company, but not very detailed
Sign-up Process	★★★★ Sign-up process is easy and fast; nothing extraordinary
Usability of trading area	★★★★★ The trading area is extremely easy to navigate and understand and offers all the indicated and customize options you need
Usability of mobile app	★★★★ Binarium offers an app for all devices and gives you access to the trading platform from anywhere in the world

Offers and trading conditions

Trading conditions are a very important part of the traders and platform providers. These trading conditions help both parties to comply with each other demands to have smooth working.

Offers

Binarium offers different types of bonuses to users depending upon their initial investments and other tournaments to win exciting prizes that urge users to participate actively in the trading market. The minimum deposit of $ 5 is very low, and you can even create a free demo account. The following assets are offered:

• Currencies
• Cryptocurrencies
• Indices
• Commodities

Conditions

• The minimum amount to withdraw is $5, €5, $A5, ₽300, or ₴150.
• 1-hour withdrawal for verified members
• Bonus amounts cannot be withdrawn
• Seven days of trading per week
• 100 percent bonus on the first deposit
• Up to 90% profit on Binarium
• The maximum amount to invest at Binarium is $10,000
• Fast execution of trades

The broker supports a web-based trading platform and mobile app. From our experience, it is a typical Binary Options Broker with high yields and good conditions. But keep in mind the variety of assets is not so high. Other providers offer more different markets. But overall, you will get good conditions for the most traded assets.

(Risk warning: Your capital can be at risk)

Review of the Binarium trading platform

People having the intent to start trading have always been reluctant at the start of their trading journey. The platform of different brokers varies, and their interface is difficult. Binarium has come up with an idea to provide a quality and easy-to-use platform to assist users. After login into the account, a tutorial video comes to the screen guiding about the trading methodology and the interface of the Binarium trading platform.

On the main screen of the platform, the users can see the history of their trades, banking wallets, contests offered by Binarium, bonuses, and prize draws on the left side of the screen. The middle of the screen shows the moving charts of the selected pairs. There is a deposit option at the top right corner and the profitability of the trading assets. There is a search bar for different pairs at the top. At the bottom, there are trading tools, time frames, indicators, zoom options, and the current price of selected pairs.

Charting and analysis

Charting and analysis have become imperative to become successful in trading. In this view, like other brokers, Binarium has come up with a plan to guide and educate the users along with providing a platform for trading. The platform offers different trading indicators for the users that provide immense help in charting and analysis of the coins and assets. The Binarium platform offers four types of charts to have a good technical analysis.

• Curve area
• Candlesticks
• Bars
• Curve

Mobile trading

Mobile trading has revolutionized the trading world. It has facilitated the users in many ways. It has made users available to trade anytime with advanced facilities due to its simplicity of operation. The binarium platform has also launched a mobile application to assist its users in trading. The app has a very simple interface and has all the basic and latest features that the platform offers. The app size is 2.9 MB, and it has more than 100k downloads. It shows the trust and credibility shown by the people on the Binarium platform.

(Risk warning: Your capital can be at risk)

Learning trade with Binarium

In the trading world, everyone claims to be a friend of new traders, but no one owns the new traders and makes things easy for them. Binarium has come up with an ambitious plan to educate users with the help of 12 technical indicators that help in the analysis of trading pairs. Here is the list of the technical tools offered by the Binarium platform.

Graphical tools

Binarium offers a variety of graphical tools to draw different support and resistance lines during the technical analysis.

• Line segment
• Ray
• Horizontal line
• Crossroads
• Vertical line

Technical indicators

Following are the important technical indicators offered by the Binarium platform that helps users to become professional traders.

• SMA
• SSMA
• LWMA
• EMA
• SAR
• Alli gator
• Bollinger bands
• Stochastic
• ATR
• Awesome oscillator
• PVO
• HML
• Momentum
• MACD
• CCI

Opening the account at Binarium

The trading world has witnessed immense growth in interest among the people due to the volatility and price increase of the BTC. Hence, more and more people have been attracted to different broker websites. However, to cater to the growing number of users Binarium platform has made account opening a piece of cake by just entering the email and valid name and selecting the trading currency.

After signing up, accept the terms and conditions by clicking on the verification email. After this step, users are asked to enter their valid mobile numbers. The users can enjoy doing trade after depositing funds into their desired account type.

(Risk warning: Your capital can be at risk)

Binarium account types overview

Binarium offers multiple types of account types that can be chosen after depositing money and at the time of making an account. However, these account types have different features and the details of each account can be read here one by one.

• Start account
• Standard account
• Premium account
• Business account
• VIP account
• Demo account

In simple words, the higher your account status gets, the more trading assets, higher trade-back bonuses, higher withdrawal limits, and other benefits. Below you will find an overview of the account types offered by Binarium.

	Start	Standard	Business	Premium	VIP
Deposit amount	5-99.99$	100-399.99$	500-1999.99$	2000-4999.99	5000$
Tradebacks	No	5%	10%	12.5%	15%
Tradable assets	46	52	61	73	78
Withdrawal limit per day / week	$50 / $100	$100/ $200	$500 / $2000	$1500 / $4000	$15000 / $100000
Limit per request	$25	$50	$100	$250	no limit
Withdrawal request processing	up to 5 days	up to 3 days	up to 2 days	1 day	1 day

(Risk warning: Your capital can be at risk)

Demo account

The demo account has helped the newcomers to gain real experience of trading through virtual funds offered by different platforms. Binarium has also offered $ 10,000 to the users. It shows the commitment of the Binarium platform towards its goal to help its users to make pro-traders.

Deposit and withdrawals at Binarium

Deposits and withdrawals are an important part of the user’s trading journey. The users want a smooth deposit and withdrawal process. Keeping in view the user’s demands, Binarium offers a 1-day withdrawal for verified users with a VIP account. For all other clients, the withdrawal processing time can be up to 5 days. It offers a variety of deposit methods to credit their accounts.

Payment Methods

Following are the payment methods user can use to credit their Binarium accounts:

• Visa
• Yandex
• Alfa-Click
• Master Card
• Qiwi
• Web money
• MNP
• Neteller
• Bitcoin
• Ripple
• Ethereum
• Lite coin
• Yandex Money
• Monetix wallet

(Risk warning: Your capital can be at risk)

Withdrawals on Binarium

Withdrawal limit of different types of accounts offered by Binarium

Current account withdrawal

Following are the withdrawal conditions of the current account

• $200 withdrawal limit per day
• $1000 withdrawal limit per month
• $100 maximum number of open trades
• 1 withdrawal requested per day

Standard Account withdrawal

Following are the withdrawal conditions of the standard account

• $500 withdrawal limit per day
• $2500 withdrawal limit per month
• 2 withdrawal requests per day
• $250 maximum number of trades
• $500 withdrawal limit per day
• $250 maximum number of open trades

Business Account

Following are the withdrawal conditions of the business account:

• $1000 withdrawal limit per day
• $20000 withdrawal limit per month
• 5 withdrawal requests per day
• Trading room business
• $1000 maximum number of open trades

Premium account

Following are the withdrawal conditions of the premium account:

• $5000 withdrawal limit per day
• $50000 withdrawal limit per month
• $2500 maximum number of open trades
• Trading room business
• 20 withdrawal request per day

VIP Account

Following are the withdrawal conditions of the VIP account:

• $15000 withdrawal per day
• $100000 withdrawal per month
• $15000 withdrawal per day
• $100000 withdrawal per month
• No limit of open trades

(Risk warning: Your capital can be at risk)

Does Binarium offer negative balance protection?

A lot of the broker exchanges provide different types of services to their users. It also involves negative balance protection to help the users deposit money. With it, your balance is protected in case the markets move against you quickly, your account balance will never drop below zero. However, with Binarium (in fact, if trading binary options with any broker), you are not using leverage, and therefore, your account balance won’t turn negative automatically.

How does the broker make money from you?

Binarium is primarily a binary options trading broker and doesn’t charge you trading commissions, fees, or spreads, with is one of the main advantages of binary options trading. Instead, you can actually say the broker makes money when your prediction was incorrect. If that happens, you will lose your entire investment, and the platforms will always get to keep a percentage of it because the yield for a successful trade is never 100%. This is the business model of binary options platforms and not only true for Binarium.

How good is the Binarium Support and service?

Customer support is the main pillar in the development of any business. All the platforms try their best to provide quality services to their users. Binarium platform provides great services to its users by providing 5 days trading facility without any interruption. The platform provides customer support in the following ways.

Customer Support

• Phone: +357(22)058724
• E-Mail: [email protected]
• Telegram: Binarium office bot
• Live Chat to assist users instantly

Services

Following are the unique services offered by Binarium:

• Access to different trading markets
• Instant withdrawal
• 3D secured transactions
• Multiple payment methods
• Multi-lingual support and interface
• 12 trading indicators
• Deposit from $5
• $10,000 free demo account

Supported Language:

It has a multilingual trading interface

• Russian
• English
• German
• Turkish
• Vietnamese
• Ukrainian
• Italian
• Polish
• Spanish
• Indonesian

Accepted countries and forbidden countries

Accepted Countries:

Following are the countries in which Binarium is operating. It has a far-sighted vision that can expand soon in other parts of the world as well

• India
• South Africa
• Malaysia
• Indonesia
• Philippines
• Thailand
• China
• Europe

Binarium Contests and Promotions

Promotions

Promotions and offers are the best way to attract users and it helps the platform to grow exponentially.  Like all other platforms, the Binarium platform also offers promotions, competitions, and prizes for the users. Following are the lists of offers and contests offered by the Binarium platform.

(Risk warning: Your capital can be at risk)

Contests

The platform provides a list of contests on its page, as there is a list of current, upcoming, and archive contests on the Binarium platform. Let’s look into each type one by one.

Current contest

Weekly tournament

• Prize money $5000
• Entry fee: $10
• The contest ends in 3 days

Upcoming contests

OTC

• prize money $1500
• Entry fee $8

Samurai Contest

• Prize money $1500

Friday Contest

• Prize money $1500
• Entry fee: $5

Express Contest

• Prize money $1500

Wednesday Contest

• prize money$1000
• Entry fee: $5

Archive prizes

Marathon contest

• Prize money $1500
• Entry fee 0$

Monday

• Prize money $1500
• Entry fee $5

OTC Contest

• Prize money $1500
• Entry fee $8

Samurai Contest

• Prize money $1500
• Entry fee $0

Friday Contest

Prize money $1500

• Entry fee $5

Express Contest

Prize money $1500

• Entry fee $0

Wednesday Contest

• Prize money $1500
• Entry fee $5

Weekly tournament

•  Prize money $1500
• Entry fee $10

Bonuses

• A new year voyage bonus +150%
• Participate in bonus
• The bonus ends in 3 days
• First Deposit bonus
• Participate in the bonus
• The bonus ends in 995 days

Prize Draw

• A new year voyage 12 Samsung tv
• Get a 150% bonus
• The prize ends in 3 days

What are the best Binarium alternatives?

Binarium is a very appealing and solid broker, especially for trading newbies. But binary options trading has its pros and cons. If you are thinking about becoming a trader, but Binarum hasn’t fully convinced you, here are our three favorite alternative brokers.

Capital.com

Since 2016, Capital.com has operated as a well-known and trustworthy online trading platform. The broker, which has its global headquarters in London and operations in more than 50 nations, has quickly built a reputation for offering its customers an intuitive interface and cutting-edge capabilities. Over 3,000 markets, including those for shares, commodities, and currencies, are accessible through Capital.com. In addition, clients benefit from a high level of security and trust because of the broker’s regulation by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

RoboForex

On our list of the top Tickmill substitutes, RoboForex is next in line. You can trade a wide range of assets with this broker, and their key selling point is the cheap minimum deposit requirement of just $10. Your money is also very safe because the broker has an official license from the IFSC Belize. Additionally, a sizable business group with its main European offices owns the broker. Finally, RoboForex allows you a lot of versatility by providing a variety of account kinds to pick from.

XTB

One of the most well-known broker systems in the industry right now is XTB. Since its 2006 founding in Poland, XTB has experienced rapid expansion. You can trade more than 3,000 different assets with this broker, which are divided into six asset categories. But don’t just take our word for it; XTB has received numerous honors from its clients and is renowned for providing exceptional customer support. For instance, every customer has access to a learning center with a ton of resources and specialized 1 to 1 support for every client.

Conclusion on our Binarium review – Is it a scam or not?

The broker Binarium is one of the most trusted, reliable trading platforms among users. It provides great services to its users in the form of trading, educating users, and instant withdrawal. The platform keeps the user’s funds in separate accounts. It provides great offers, trading contests other bonuses for the users. Thus, Binarium is a well-balanced platform having great services in it. But keep in mind, it is not a regulated platform!

(Risk warning: Your capital can be at risk)

FAQ – The most asked questions about Binarium :

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Last Updated on June 23, 2023 by Res Marty