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Binarium - Broker Review and Trader Feedback

regulation
Broker is located in the European Union
region
Accepts traders from
United Kingdom
rating
4.7
/ 5
Rating: 22
Reviews: 0
bonus
Bonus on first
deposit
Register within 10:00 minutes and receive a gift
Binarium (“Бинариум”) is a long-liver in the market of brokerage services in Russia and CIS. The company's platform for trading was designed for traders from all over the world, making it the most intuitive and user-friendly platform in comparison with other brokers. Binarium offers effective training for beginners, a wide range of financial assets, and a customer support of sufficient quality. In addition, novice traders will be pleasantly surprised with the 60% bonus on the first deposit for better understanding of the platform as well as the fastest withdrawals in the industry: up to 1 hour. Client’s funds are separated from the broker's funds and are stored in the European banks accounts. Full review
regulation 1
Binarium broker is regulated by a Cyprus's financial regulator (CySec)
regulation 2
Client’s funds are separated from the broker's funds and are stored in the European banks accounts.
Trading conditions
Tradable assets:
Option profitability:
Minimum deposit:
Minimum trade amount:
28
up to 90%
$10
$1
Demo account:
Online registration:
Call support:
Chat with support:
yes
yes
+7-499-703-3581
yes
Tradable assets:
28
Option profitability:
up to 90%
Minimum deposit:
$10
Minimum trade amount:
$1
Demo account:
yes
Online registration:
yes
Call support:
+7-499-703-3581
Chat with support:
yes
Deposits and Withdrawals
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Review of Binarium
Broker rating: 4.6 / 5

1. General information about Binarium

Binarium is a major binary options broker that offers its customers a comprehensive toolkit for analyzing the market and profiting from fluctuations of prices on financial assets. Binarium is among the first binary option (BO) brokers in Russia and CIS countries, whereby a great experience was gained over the years, company made great efforts to modernize its platform and convenience of customers trading. In particular, users don’t need to download the platform on their PC, transactions can be carried out via the web interface.

In addition to providing trading services, the company also focuses on training its customers to trade competently, and have special section on its website. Moreover, the outstanding feature is the ability to get prompt assistance from the operational support services in case of a technical problem or questions on the market operations and financial instruments.

2. Advantages and disadvantages

Lowered minimum deposit: you can trade starting with $9. It is also possible to deposit funds to your account in pounds and euros.

Deposit insurance: the company allows you to insure your first three transaction, receiving the deposited amount when the option expires not in trader’s favour.

High security level: broker’s site features SSL certificate with data encryption. Billing information is transferred in a shortened form through the server with a secure connection.

Profit from bonus without any restrictions and turnovers: the company provides bonuses for different types of traders accounts. And there are no restrictions for bonus withdrawal, but it is worth noting that to withdrawal your bonus you must reach a certain turnover.

Simplified account verification: there is no need to send us multiple documents scans to confirm your identity. If you withdraw your money on the same billing information that was used for depositing, verification is not required.

Free demo account: it is an undoubted advantage for beginners or for traders who want to try the system on a demo account without risking their own funds.

The lack of mobile app: currently the broker does not provide its own application for trading on mobile devices; web-based platform will work in the mobile phone's browser, but it is not fully "sharpened" for small screens.

3. Trading conditions

Binarium provides a wide variety of trading assets, including currency pairs and cryptocurrencies. Each asset can be traded using binary option, 60 seconds option/turbo option.. The small minimum deposit and minimum bet of $1 make it easier to trade for those who want to minimize their losses. Regardless of the account type, all customers are provided with a full range of educational video tutorials on trading, as well as additional guides and articles.

4. Underlying assets

Due to a variety of constantly updated assets, the trader can choose the asset with maximum trading efficiency, suitable for his trading strategy. You can use classic currency pairs like EUR/USD/GBP/JPY/RUB, etc, as well as rare cryptocurrency pairs like BITCOIN/USD, BITCOIN/EUR

5. Trading platform

Due to prompt work of company employees, the platform is fast enough and got no failures. Trading platform of Binarium is designed by company’ team, it’s fully proprietary. Currently broker doesn’t have a mobile version of the platform, and you can trade only on PC, but the platform is adapted to different screen resolutions, so there is no discomfort at all. The lack of a mobile version is smoothed by the fact that PC version of the platform allows you to use sufficiently depth analysis and make better decisions.

Binarium - trading platform

Binarium provides users with two types of options:

Classic “above/below” type binary option. The broker gives you an opportunity to open a transaction not only for 15, 30 minutes, but for an hour or two.

The “60 Seconds” option or Turbo options. This tool allows you to open a transaction exactly for one minute or up to five minutes. It is more risky in the case of strong market fluctuations, but if the trader has experience in the analysis of the short period charts and wants to profit from the smallest asset price fluctuations, he will appreciate this platform section.

6. Types of accounts

Just like many other brokers, Binarium offers several types of accounts for traders with different capabilities and purposes. You can start with the «Micro» account, which you get depositing from $10. When you create this kind of account you get the opportunity to trade 24/7, as well as access to educational materials and trading strategies.

In general, the company offers 4 types of accounts: “Micro”, “Premium” – $300, “Business” - from $500, and «VIP» - from $10 000. Each type involves additional opportunities for trading. Traders with a “Premium” account and higher get more complex trading strategies, welcome bonus to the deposit, private consulting manager, deposit insurance, withdrawal priority (up to one day), assets analytics and signals. Moreover, traders with «VIP» accounts also get personalized trading plan and receive daily trading signals. Also, owners of the higher accounts get access to additional educational materials that are not in the public domain. However, regardless of the type of your account, support service receives trader’s chats, emails and phone calls, providing timely assistance.

7. Accounts, Deposits and Withdrawals

It’s easy to create a Binarium account. You need to fill short personal info on the main page. After the registration you are able to deposit your account and start trading. Some traders decide to skip the account verification, because they withdraw funds using the same billing information as with depositing. However, for greater reliability and to avoid problems it is advised to go through the verification of identity so the withdrawal would proceed without any extra difficulty.

To deposit your account you can use one of the methods offered by the company. There are relatively few of them: Visa or Master Card, Webmoney, Yandex, Qiwi, AlfaClick and Mobile commerce, but note that the broker does not set any fees to deposit funds. Money will transfer to your account immediately or up to one working day, depending on the payment system chosen; also it’s worth noting that the withdrawal procedure is simplified, and that unlike many other brokers withdrawal occurs within one day.

8. Regulation

Usually the level of trust to the binary options brokers increases with the presence of a regulator, who monitors the legal and legitimate activities of the company. CySec is Cyprus's financial regulator, and Binarium is currently on the approval status.

9. Trader Education

Clients training is important for Binarium, because trading involves high risks and trader must be able to minimize them. The company consists not only of programmers and managers, monitoring the platform, but also a lot of experienced traders with years of experience are working at Binarium. There is an extensive section with a large number of articles and training courses. First of all trader gets a book, which is available to anyone interested. It can be found under the “Special Deal” tab in “Educational Materials”. The book describes how the platform works in detail, as well as a variety of trading opportunities.

The next thing prepared by Binarium team is regularly held webinars. Looking at schedule you can notice that webinars are held quite often and usually cover topics which are so important for traders. The last item in the knowledge base is a so-called “Academy”, which is a real treasure for traders. Here you’ll learn all the basic methods of binary options trading, trading with and without the help of indicators, a number of effective strategies and information on how to determine the movement of the market and understand how does the price form.

All this information is available not only in text form, but also in the form of video lessons for better learning. The company is modern and goes with the times so it applied visual practical techniques and recent technology to achieve the goal – to teach how to trade.

10. Should I trade with Binarium?

The platform provides two types of binary option contracts, so it becomes attractive for traders with all preferences and tastes. You can use both fundamental and technical analysis and test new strategies. It is also possible to achieve successful transactions while trading on the market news. Due to the flexibility of the system traders can get acquainted with new indicators and trading methods, as well as monitor the predictions made by professionals in this field and to learn from their advices.

If you choose a more considerable trading account you will be able to directly receive trading signals and more accurate predictions of future market movements. In general, one can say that after deducting certain drawbacks, such as lack of demo accounts and mobile applications, the Binarium company is impressively trying to make their traders work profitable and successful.

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