Binarium review – Should you sign up? – Test of the broker:

Rating:Assets:Minimum deposit:Return:
4.5 out of 5 stars (4.5 / 5)Binary Options$ 10Up to 92%+

Binarium is one such broker that has been on the list of top brokers for a while now. However, many traders wonder if this broker can be their best pick. In addition to this, they also want to know the kind of services Binarium offers. 

Here, we will help you know everything about Binarium. It will help you decide whether the broker is worth your time. 

Binarium official website

(Risk warning: your capital can be at risk)

Quick facts about Binarium:

ParticularsAbout Binarium
Minimum deposit$5
Minimum withdrawal$5
Minimum Trade$1
Assets100+
RegulationUnregulated
Payment methodsBank transfers, credit and debit cards, electronic wallets, cryptocurrency
Account typesStandard, VIP, Premium

About Binarium:

Binarium has been serving traders since the start of 2012. This Cyprus-based online trading platform is one of the most reliable and the top choices for the people. 

A trader can access different markets on Binarium. It allows you to buy and sell the leading commodities, forex, and cryptocurrencies.

Good to know!
Binarium allows users from different parts of the world to join the trading platform. So, you only need to sign up on this platform and begin trading your favorite assets. 

Binarium has its presence in more than 100 countries. 

Since you know the basics, let us gather more information about the broker. 

(Risk warning: your capital can be at risk)

Safety and regulation – Is this broker regulated?

Safety and regulation are the first things a trader checks while trading online. If your broker is not safe to trade with, you might lose your money. 

Though the online trading platform is unregulated, it is still a safe trading platform

Good to know!
Binarium has been a leading choice for traders since the start of 2012. The operations of Binarium for all these years have satisfied its clients. All the traders trading on this online trading platform leave positive reviews. Therefore, we can assume that trading with the broker is safe, and your money is safe too. 

Binarium has a segregated EU bank account that stores all the investors’ money. The strict privacy policy of the broker prevents any financial fraud. Thus, if you were worried about Binarium’s safety issues, you shouldn’t be. 

Now that your mind is clear of any doubts regarding the traders’ safety let us delve into more details. 

(Risk warning: your capital can be at risk)

Trading conditions: Which offers are available?

Binarium trading platform

Every broker will have certain trading conditions for trading with them. The conditions might relate to the minimum deposit, minimum withdrawal, etc. 

A trader should have detailed knowledge of the broker’s trading conditions. It is because your entire trading experience depends on these conditions. 

Binarium has the following trading conditions:

  • You must fund your account with $5 or 5 GBP to trade with Binarium.
  • Verifying your account with the broker will give you an opportunity for fast withdrawals. It lets you withdraw your funds within an hour.
  • Bonus withdrawals are not a thing on Binarium. 
  • The broker allows you a 100% deposit bonus when you fund your account for the first time. 
  • The payout percentage is as high as 90%.
  • You can trade 7 days a week, and the trade execution is faster than other brokers in the market. 

(Risk warning: your capital can be at risk)

Binarium web platform and mobile application

The availability of the platform on the web and google play store/app store judge its viability. Not all traders can carry their laptops all the time. In such cases, mobile applications come in handy and offer ease to the traders. 

Binarium offers a seamless user interface on its web platform and mobile application. The mobile application has all the features to allow you a satisfactory experience. You can access all the trading tools and indicators on the app that you can find on the web. 

Good to know!
Binarium is the perfect online trading platform for you if you like to trade on the go. You can download the mobile application to trade as and when you like. Using the web version on your mobile phone is easy. Therefore, you never miss out on the trades that can earn you money. 

Available assets:

Binarium available assets and markets

It lets you access vast investment opportunities. A trader can find over 100 different assets on the online trading platform. Therefore, you get various choices to diversify your trades and, thus, risk. 

In addition to regular stocks, forex, and commodities, you can also access 8 OTC assets.

Some leading assets on Binarium include:

  • Commodities – oil, silver, sugar, gold, coffee, platinum, and wheat
  • Indices – FTSE 100, NASDAQ, S&P 100, DAX, and other leading global indices
  • Forex – 20 currency pairs, including GBP/USD
  • Cryptocurrency – Popular cryptocurrency pairs like BTC/EUR, BTC/GBP, and BTC/USD
  • Equities – equities of famous and leading companies such as Apple, Amazon, etc.

(Risk warning: your capital can be at risk)

Fees and leverage

Binarium does not charge any fee from its clients. Though most brokers charge a nominal fee, this online trading platform does not. The only loss you bear is the trade you lose. 

However, if you make a real proposition, you might receive up to 80% payout. This payout percentage usually gets determined before you enter into a trade. 

Binarium payment methods:

Binarium different payment methods

Another crucial topic in our Binarium review is the payment methods offered by the broker. Whether you choose a broker or not also depends upon this factor. 

Thankfully, Binarium offers all the leading payment methods to users. These include

  • Bank transfers/ wire transfers
  • Cryptocurrency
  • Debit card
  • Credit card
  • Electronic wallets, including Qiwi, Neteller, Web Money, etc.
Quick tip!
While choosing any payment method, check whether the method is available in your region. Binarium might offer some payment methods in only some regions. Therefore, checking whether your preferred payment method is available is better.

(Risk warning: your capital can be at risk)

Deposits and withdrawals on Binarium

Using the payment methods discussed, you can deposit and withdraw money from your Binarium trading account. However, you might have to adhere to the minimum deposit and withdrawal conditions. 

The minimum deposit amount means the amount that you should deposit into your Binarium account to begin trading. It is $5 for all traders. If you are trading with a different currency, the amount must be equivalent to $5 or 5GBP. 

Similarly, a minimum withdrawal amount is the amount less than that you cannot withdraw from your trading account. Binarium has the same minimum deposit and withdrawal amounts of $5 or equivalent. 

We witnessed some benefits of trading with Binarium, considering the minimum deposit and withdrawal amount. 

  • The broker takes care of all the third-party fees while processing your withdrawals. You won’t have to pay any withdrawal fee for taking out your funds. However, it depends on the amount you withdraw and your trading volume. 
  • Getting your account verified can benefit you in the long run. You will not have to wait days for the broker to process your withdrawals. It gets done within an hour. 

Binarium demo account for free:

Binarium demo account

All brokers allow their clients to use a demo account, and Binarium is no different. It lets you use a free demo account with USD as the base currency. 

Its demo accounts have the following benefits:

  • Beginners and inexperienced traders can practice trading here.
  • Your demo account gets credited with virtual funds amounting to $10,000. This amount is sufficient to learn the trading basics and understand risk management. 

(Risk warning: your capital can be at risk)

How to open a demo account?

Signing up for the Binarium demo account is as simple as signing up for any social networking site. 

  • You only need to click on the ‘sign up’ option to register for a demo account.
  • Enter all your relevant details and confirm your age.
  • Clicking on the ‘sign up’ option will allow you to use the demo account. 
Good to know!
The best part about Binarium is that even experienced traders can use a demo account. Even if you wish to indulge in real trading, you can strategize your moves on your Binarium demo account. The trading terminal allows the users to switch seamlessly between the demo and live trading accounts. 

Deals and promos:

Binarium bonuses and promotions

Who does not want to get financial incentives for signing up with the broker? Well, every trader likes that. Fortunately, Binarium offers many financial deals and promotions to its users. 

  • Traders get a deposit bonus of up to 100% on signing up with the broker and funding their account. 
  • You can get an incentive for risk-free trades with Binarium. 
  • There are plenty of tournaments in which a trader can participate. 

There is one thing to note, however. The deposit bonus amounts shall depend on how much putting into your trading account. The type of account you hold is also a significant judging factor here. 

(Risk warning: your capital can be at risk)

Risk-free trades

For activating risk-free trades on Binarium, you can use the promotion code. It will ensure that even if you lose money, any additional amount does not deduct from your trading account. 

Tournaments

Binarium contests and tournaments

Like other online trading platforms, Binarium conducts some tournaments for its users. These are two in number; one being paid and the other free of cost. 

Good to know!
Binarium allows its users to participate in these tournaments all year round. You can get information on these tournaments from the website menu. 

You will get the details of the past tournaments and the due ones. 

Binarium sets up free weekly tournaments with a fund price of 1,500 USD. However, you will have to pay some fees for the paid tournaments. It usually ranges from $5-$25. The paid ones take place monthly. 

(Risk warning: your capital can be at risk)

Binarium account types:

The broker offers different trading accounts for traders with different levels of expertise. Usually, the broker offers three different live account types. 

  • Standard 
  • Premium 
  • VIP

The trading conditions are varied for different account types. There is also a variation in the base currencies. However, you will find all the leading currencies such as USD, EUR, GBP, etc. 

You can also select cryptocurrency as the base currency. We recommend you use the Binarium demo account before selecting an account type. 

Let us tell you more about these account types. 

Standard account

  • 5% trade back
  • Minimum trade amount: $1
  • Withdrawal requests number per day: 2
  • Minimum deposit amount: $5
  • Minimum withdrawal amount: $2,500/ per month

 Premium account

  • Offers access to the trading room
  • Trade back of 5%
  • Withdrawal and deposits are flexible
  • Minimum deposit amount: $500

 VIP account

  • Trade back of 15%
  • Offers access to the trading room
  • No restriction on open trades
  • Withdrawal and deposits are flexible
  • Minimum deposit amount: $10,000

Signing up for these trading accounts is straightforward. The minimum deposit amount increases as you switch to a higher account level. Therefore, starting with the Binarium standard account is best for a beginner. 

The withdrawals are faster for premium and VIP accounts. 

(Risk warning: your capital can be at risk)

Educational features

Binarium education

Binarium is not just an online trading platform to trade assets. You can also enhance your trading knowledge with the resources offered. 

Good to know!
Binarium offers plenty of educational content, including various webinars and trading journals. You can use this content to enhance your trading knowledge. It will help you plan and give you ideas to manage your risk effectively. 

(Risk warning: your capital can be at risk)

Overall Binarium review – Pros and cons:

We don’t see why a trader should refrain from signing up with this online trading platform. It offers everything that a trader needs for a seamless user interface. 

The various benefits of trading with Binarium include:

  • A low minimum deposit
  • Multiple payment methods
  • Plenty of educational features
  • Demo account with funds up to $10,000
  • Fast withdrawals
  • Cryptocurrency as a leading payment method
  • Safety of trading
  • Risk-free trading.

However, there is only one drawback we witnessed on Binarium. It is that there is no regulatory body to oversee its functioning. Thus, it might make the traders feel a little insecure. 

Other limitations of trading with Binarium include:

  • Limited assets
  • Unregulated trading terminals
  • Lack of proper information about the broker
  • Bonus conditions to be met to be able to withdraw funds. 

Conclusion of the review: Binarium is a suitable binary broker

In our experience, Binarium is an ideal trading platform that traders can use to maximize their gains. It offers all the features a trader essentially looks for in a broker. 

However, the online trading platform is not free of disadvantages. But the good news is that the benefits a trader enjoys trading with Binarium overshadow the disadvantages. Thus, we would strongly recommend traders try out this broker. 

(Risk warning: your capital can be at risk)

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