Author: Jake Bailey
Online Trading Pro
Jake Bailey

Binarium Review 2019

Binarium does NOT accept customers from United States.

We recommend you view our top rated US websites.

Binarium Logo
  • US Traders
  • 120+ Assets
  • 1 Day Payouts
  • Mobile Friendly
  • Low Deposit
Demo: Licence:
Deposit Methods: Visa MasterCard Neteller Skrill
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Binarium Screenshot Binarium Screenshot Binarium Screenshot
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Our Expert Rating
Overall
4.5
Accounts
4.5
Trades
4.5
Bonuses
4.3
Mobile
4.5
Banking
4.2
Features
4.8
Support
4.7

Introduction

Introduction

Offering their services since 2012, Binarium are one of the more established binary options brokers. Their proprietary platform was built for traders by traders and designed to give both new and experienced traders exactly the experience that they were looking for. While based in St Vincent and The Grenadines with an office in Cyprus, they don't have a CySEC license.

While their trading platform delivers a good all-round user experience on both desktop and mobile, they currently don't offer a mobile app. They do however make the site available in a number of different languages and offer their services to a number of countries excluding the UK. Most of the information you need is visible from the home page and the site is easy to navigate.

When choosing the right broker for you, there is a lot of information to consider. This is why our team of experienced experts do the hard work for you. As expert traders themselves, they thoroughly review each and every broker and only present you with those that are both legitimate and that offer a good user experience.

To help you decide if Binarium is the right broker, in this review you will discover:

  • What binary options trade types are available to new account holders
  • The special features of this broker and what makes them any good
  • All the account types, trade types and welcome bonus information you need
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

4.5
Account Types

As with most binary options brokers, increasing levels of deposit will unlock additional features of the platform. As well as the live accounts, once you open any account, you will automatically be granted access to the demo platform with $1,000 of free virtual funds to trade with.

This demo account means that you can try out the platform without having to commit any of your own funds to your practise trades. This allows you to become accustomed to the platform, the various trade types and with Binarium which are:

Basic Account

For just $10, you can open a basic account with Binarium. In return for this small deposit you can place trades on any of the available assets with a minimum of $1, around the clock. Withdrawals will take 5 working days but with all deposits, you automatically get access to $1,000 of virtual funds on the demo platform.

Premium Account

Offered as the most popular choice of account, a premium account requires a deposit of $500. In exchange for this, as well as round the clock trading you also get withdrawals within 3 working days, a personal trader and individual trading tutorials and personal trading signals. A deposit match bonus is available at the entry level of $500 but capped at this level for all other accounts.

Business Account

The next level up is the business account which requires a deposit of $5,000. In addition to the many benefits of the basic and premium accounts, you will also have access to a personal strategy and trading plan development. Although a greater deposit is required, the bonus is only available up to $500.

VIP Account

As with most brokers, there is often a VIP account which unlocks all of the trading features and Binarium is no exclusion. With a deposit of $10,000, VIPs can enjoy all of the above plus a few added benefits including withdrawals upon request.

If you are a beginner and haven't traded before then the basic account gives you access to try out the platform without any more than $10 of your money being risked. If you decide that you want to invest more, you can upgrade your account to a higher level at any time.

Supported Languages
English

Trade Types And Payouts

4.5
Trade Types And Payouts

Some brokers offer lots of different trades while some offer one or just a few. The most popular binary option offered by all brokers is the traditional high/low. In addition to this, Binarium also offer a couple more:

High/Low Options

Otherwise referred to as call/put, under/over or above/below, the high/low option is the most popular form of binary options trade. Simply put you just need to predict whether the value of the asset will rise or fall from the price at the point of entry. If you predict that it will rise and the price is higher at the point that the trade expires, you win. If the price is lower, you don't. These options are a great way for beginners to get to grips with binary options and are by far the most popular.

One Touch Options

The one touch trade requires the price to touch a certain point before the expiry time. Usually it is set at two points – above and below. These trades can be more profitable than high/low options but they can also carry a greater risk as the accuracy required is greater than simply predicting if the asset will rise or fall in price.

60 Second Options

There are many different expiry times available on options with Binarium. They can range from seconds to a month. The sixty second option is also referred to as a turbo option. It is fast paced and perfect for beginners who want to get used to the pace of trading and want quick returns. While it can increase the balance of your account quite quickly, it can also decrease it.

When it comes to payouts on offer, they vary depending on the type of options being traded. High/low trades attract payouts of up to 80% while those trading one touch options can receive profits of up to 800%.

Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Bonuses And Promotions

4.3
Bonuses And Promotions

There is a bonus available when depositing between $30 and $500. This bonus is rewarded upon depositing the funds and is capped so that if you are investing in a business or VIP account, you won't be eligible for a bonus on the total funds. In fact, the bonus is capped at $500 and is 100% value of your deposit.

If you deposit $30 you will have $60 to trade with and if you deposit $500 then you will get $1,000. Like most brokers, the funds aren't available for immediate withdrawal so you will have to trade them a certain number of times first.

Mobile Trading

4.5
Mobile Trading

While there is no app available for Binarium, their mobile offering is excellent. Simply visit the website on your phone and the website will render on whichever device you are using.

You can carry out all of the same functionality of the desktop site on your mobile and it is optimised to make the user experience easy. The same chat box that appears at the bottom of the desktop site appears in the same place on the mobile.

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Deposits And Withdrawals

4.2
Deposits And Withdrawals

You can make a deposit to your Binarium account using several methods. The easiest and most obvious is perhaps debit or credit card with both Visa and Mastercard accepted. E-wallets and bank transfers are also accepted. The minimum deposit requirement is $10. In order to make a withdrawal be careful to check how long it will take your funds to reach you.

It can range from immediately to 5 working days depending on the type of account that you have. The funds will be sent to the same method that you used to make the deposit and you may be charged currency conversion or transaction fees.

Special Features

4.8
Special Features

Special features of the site seem to be plentiful. In a crowded market, it is important for brokers to offer enough to entice new customers and then to keep them. The minimum deposit and trade amounts make this an attractive offering and the fact that they have such an accessible demo account with $1,000 available to anyone who opens an account.

In addition to this there are no downloads required and the proprietary trading platform is easy to use and navigate. There are a variety of options available and the payouts are very good.

Binarium seem to offer everything that the new and experienced trader looks for.

Customer Support

4.7
Customer Support

Customer support is very accessible. There are a number of methods in which you can contact someone. For a start, there is the live chat function which appears in the bottom right hand corner of the website on both desktop and mobile.

In addition to this you can contact someone via mobile phone, Skype, email or telephone. You will also find a link to their Facebook page if you prefer a more public forum.

Conclusion

4.5
Conclusion

In conclusion, Binarium seems to offer everything that both the new and experienced trader is looking for. From the types of accounts and options available to the mobile offering and bonuses, they tick all of the boxes.

While they don't have a CySEC or ASIC license, the fact that they have been operating for so long with a good name, should be an indicator that they are trustworthy and reliable. If you want a broker that offers a good, all round trading experience then Binarium should definitely make your shortlist.

Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Binarium FAQ

Is Binarium legit, will they scam me?

Having been trading since 2012, Binarium have a good name in the binary options market. Although they don't have a CySEC or ASIC license, this doesn't seem to deter people from trading. The small deposit required for a basic account is enough to allow you to try the platform and see how it works before you commit larger sums but we are confident that this is a legitimate broker that won't scam you.

Do they have a decent mobile or tablet app?

In short, the answer is, no, they don't have a mobile or tablet app. What they do offer though is a responsive website that is easy to use on any device. The site is responsive so will recognise the device that you are using and deliver the site in a format that is easy to use. The site is well laid out on mobile and carries the same functionality as the desktop site so that the experience is in no way diluted by the absence of an app.

What bonus do they offer new traders?

Bonuses are available with deposits from $30 to $500. The bonus is 100% of these amounts and is capped at $500. In order to receive the bonus, you simply open an account and deposit your funds. As with all bonuses, they cannot be withdrawn immediately and will need to be traded a specific number of times before they can be withdrawn. That said, if you only have a small deposit, they give you an excellent opportunity to practise trading.

Can I start trading on a free demo account?

Yes, you can start trading on a free demo account but you must open a live account first. By depositing $10, you can have access to the demo platform where you will be given $1,000 of virtual funds to practise trading. You can use the site as you would the live platform but you won't be paid out in real money, only virtual funds which is perfect for getting accustomed to the platform and the various assets and trades available.

What's the minimum deposit and trade amount?

The minimum deposit required to open a basic account with Binarium is $10 and the minimum trade amount is a dollar. This is ideal for new traders who may be concerned about risking larger amounts of cash with a new broker. Once you are used to the platform, you may be keen to deposit more and upgrade your account to the next level. The site is designed to give new and experienced traders the opportunity to trade at the level they need.

Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

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