Binarium Broker Information
- Jurisdiction: Office 02, 9 Kappadokias, Dasoupoli, 2028, Nicosia, Cyprus
- Regulators: no
- Founded: 2012
Binarium Quick reference
There are many Binarium reviews on the Internet. Objectively speaking, this is one of the most popular brands in the binary options market. The broker is advertised in RuNet, often becomes the subject of reviews in the media, attracts new customers with bonuses and gifts. More than 700,000 users visit its site every month, but the broker does not indicate how many traders use its services.
Here is a reference material about Binarium. It will be useful in one of two cases. First: you study the broker and decide whether it is possible to open a deposit. And the broker provides you with the information without value judgments and real feedback from traders. Second case: you already have experience of trading with this broker and you decided to tell about your financial result. In this case, leave a comment below the text.
Date of foundation. As stated on the official website binarium.com, the company has been providing services since 2012. The story of the company development is not indicated.
In 2012, let’s recall, there was a strong push for the emergence of binary options brokers in Russia, because online gambling was banned. And on a global scale, CySEC stood out: the regulator recognized binary options as a financial instrument.
Regulation. In 2020, the atmosphere around options is not even neutral, but negative. Binary options has been banned in the EU since 2018 (CySEC obeyed), in Russia its legal status has not been determined.
In Russian Federation, binary brokers are not licensed, but they strive to join the Center for Regulation of Relations in Financial Markets and even the National Association of Forex Dealers. These are self-regulatory organizations: if a broker joins them, then it meets the minimum requirements and has money to pay fees.
Binarium does not own a certificate with an Self-regulatory organization seal. But the support service claims that the company seeks to become a member of the Center for Regulation of Relations in Financial Markets.
Location. The official website binarium.com indicates the information that the brand belongs to the Binarium Limited legal entity. The company was registered under the identifier HE321566 in offshore Cyprus. Here are the coordinates: Office 02, 9 Kappadokias, Dasoupoli, 2028, Nicosia, Cyprus.
According to unverified information on the Internet, the head office of Binarium Limited is located in Moscow.
Contacts. The broker can be contacted in several ways. The first is to call +7(499)7033581 (Russian code). The second is to write in the online chat or email email@example.com. The third is to use the Binarium_Official_bot bot in Telegram.
Platform. The broker has developed its own terminal, with the help of which traders replenish their accounts, do technical analysis and use graphical tools, make deals and copy them from professionals, participate in promotions. They also can contact with the support service. Terminal does not need to be downloaded. It works in the browser. (More details about it are below in the help)
Binarium trading terms
The broker opens demo and real accounts for trading binary options for currency. The first type involves accounts with virtual $10,000. The broker reports that there are no restrictions for traders who test the platform and do not deposit funds.
There are 5 real accounts. First of all, they differ from each other in the amount of the deposit. The more money a trader has, the greater the volume of services and the higher the limits they are promised. So, let's see what types of accounts Binarium has developed.
Start. The deposit amount is $5-$99.99. The client gets access to 25 assets. He/she can open trades up to $100 at a time. It is also limited by withdrawal conditions: only 1 application per day and no more than $1,000 within a month.
Standard. The broker expects to see from $100 to $499.99 on the account. The clients are promised a 5% tradeback to the bonus account. The trader gets access to 29 assets and can open trades up to $250 (at a time). There are also withdrawal limits: up to two applications per day and no more than $2,500 per month.
What is a tradeback? According to Binarium, this is compensation for some of the losing trades. The broker credits the tradeback every Tuesday at 12:00 UTC-00.
Business. This account costs $50-$1,999. The trader receives a 10% tradeback to the bonus account. The client deals with 33 assets and is limited to $1,000 of open trades (at a time). The trader can send a maximum of 5 withdrawal requests per day and withdraw a maximum of $20,000 per month.
Also, Business-traders are included in the trading room of the same name. There they participate in 2 trading sessions for 4 hours on weekdays. They also receive about 30 signals daily from experienced traders.
Premium. The deposit amount is from $2,000 to $4,999. A Binarium client trades 53 options and can open trades for $2,500 at a time. He/she receives a tradeback of 12.5% to the bonus account. The limit for withdrawal requests is 20 per day, the limit for the amount is $50,000 per month.
Premium traders also enjoy the benefits of the Business trading room.
VIP. The broker expects from the client to have more than $5,000 in the account. VIPs trade 57 options. They are insured with a 15% tradeback in the form of real money. The amount of open transactions at a time is not limited, applications for withdrawal during the day are also not limited, the amount of withdrawal is $100,000 per month.
Vip account users have two trading rooms available. In the Business room, they participate in two trading sessions of 4 hours each and collect their 30 signals. And in the VIP room, they receive personal signals and work individually with the company's trader.
Binarium motivates users to trade with it. It promises a 100% welcome bonus, which allegedly does not limit the withdrawal of money. The broker states to have three main advantages: (1) the security of funds in a European bank, (2) a policy of non-disclosure of personal data and (3) being on the market since 2012.
Binarium personal account
To enter the account on binarium.com, you need to register. The user will have to specify the contacts and personal data, as well as select the account currency: RUB, UAH, USD, EUR or AUD.
If a trader decides to test Binarium on a demo account, everything is ready for him/her, but it is worth confirming the mail. And if the trader decides to open a real account, he/she should replenish the account with the amount required by the desired account. The minimum amount is $5.
There is a cash desk in the personal account. 11 payment systems are available for account replenishment: Visa, MasterCard, MIR, QiWi, WebMoney, Yandex.Money, Alfa-Click, Bitcoin, Ethereum, Litecoin and Ripple. And 10 systems are available for withdrawal of funds: all listed above, except for Alfa-Click. Binarium says that is ready to cover commissions.
When withdrawing, you need to pay attention to the limits. The minimum withdrawal amount is ₽300, $5, €5, A$5 or ₴150. The maximum amount per transaction is ₽15,000, $250, €250, A$250, or ₴6,000. It takes one hour to process the request.
Useful areas in the acount: security, where you can set a complex password, and trading history, where transactions for all time are recorded.
When a user registers on binarium.com, he/she needs to provide his/her personal data. But the broker also requires verification.
If a trader replenishes a deposit with a bank card, he/she has to send the following to the broker: (1) scans of both sides of the card, (2) a scan of the passport with personal data, (3) an account statement in which the transaction with the recipient of Binarium is recorded.
If a trader uses an online wallet for depositing, the broker expects to see (1) a scan of a passport with personal data and (2) an account statement showing a transaction to a Binarium account and all transactions for the last month.
Bonuses given by Binarium deserve special attention. On the one hand, they, as noted, do not limit the withdrawal of funds. On the other hand, in order to withdraw bonuses, they need to be worked out.
Deposit bonuses (those received for replenishment of the deposit) impose an obligation to show 40 times the turnover. And non-deposit bonus requires to reach an amount that is 50 times higher than the received bonus.
As stated, no more than 5% of the amount of bonuses is taken into account in the total turnover for one transaction. Traders should also be aware that profitable and losing trades are taken into account in turnover. Trades closed at the opening price are not taken into account.
The trading platform, on which Binarium clients make deals, is divided into 4 functional zones.
Zone 1 – top horizontal line. Here the trader finds the desired currency pair and selects a turbo deal (no more than 5 minutes) or a binary option (deals with an expiration period of 5 minutes to 3 months). Binarium gives hints about assets with higher profitability.
In Zone 1, there is a button to go to your personal account, the balance of the training / real account is displayed, and there is a bright “Deposit” button.
Zone 2 – dashboard on the far left of the screen. Here, traders view the history of transactions, use the cashier, select tournaments in which they would like to participate and win, go to trading rooms, learn about promotions and read answers to questions.
ВThis part of the platform provides a "Help" button to contact the support team.
* Tournaments in Binarium are competitions between traders. The latter pay for their participation and strive to show the best result on the balance sheet with the required number of transactions.
Zone 3 – the main part of the screen where the chart is displayed. A trader can set its type: zone, candlestick, bars or linear. You can choose the size of candles and bars: from 5 seconds to 12 hours.
Binarium traders use graphic tools: segment, ray, horizontal line, Fibonacci lines and Andrews pitchfork are available. They also do technical analysis with SMA, SSMA, LWMA, EMA, SAR, Alli Gator, Bollinger Bands, RSI, Stochastic and ART indicators.
The chart can be zoomed in and out. In Zone 1 it is also possible to split the screen into 2, 3 or even 4 charts of different assets.
In Zone 4 users make transactions. It is located on the far right side of the screen. The trader specifies the expiration time and the amount of the transaction. Presses "Up" or "Down" to enter the market.
By default, the terminal has Russian as a configured language.
Training with Binarium
All users get access to useful materials prepared by Binarium. They look through the asset catalog, the trading session chart, and the economic calendar.
The most valuable thing that the broker offers for free is strategies. They are classified into simple, basic and advanced. Each strategy received a separate page on binarium.com: it contains text instructions and screenshots from the terminal.
The broker also put together a Q&A section. There you can find the information mainly on how to interact with the broker. But it also gives recommendations on how to make money on binary options.
Feedbacks about Binarium
There are mixed reviews about Binarium on the Internet. It is not known whether they can be trusted: often brands wind up their reputation and often they become victims of attacks from competitors.
BrokerTribunal expresses only real opinions. If you have experience of cooperation with Binarium, use the opportunity and express your opinion. Binarium - is it a scam or not?