BASIC INFORMATION:
Binarium is an established online broker offering binary options trading on a proprietary platform. The limited company operates from Saint Vincent and the Grenadines with an additional office presence in Nicosia, Cyprus. That being said, it should be noted that the broker is not regulated by any financial body.
REGULATORY INFROMATION: LICENSE
No valid regulatory information
Please be aware of the risk!
MARKETS
Binarium offers clients investment and trading asset opportunities in the below markets. 8 OTC assets are available for fixed-time trades.
· Commodities: coffee, gold, oil, silver, sugar, wheat and platinum
· Indices: global indices including FTSE 100, DAX, Nasdaq and S&P 500
· Forex: 20 currency pairs, major and minor including EUR/GBP and GBP/USD
· Cryptocurrencies: 3 popular digital currency pairs, BTC/EUR, BTC/USD and BTC/GBP
· Equities: trade stocks of some of the worlds top companies including Amazon, Apple, Microsoft and IBM
FEES & LEVERAGE
As a binary options broker, there are no trading fees to consider, you simply lose any stake in an options contract if it doesnt come off. However, if it does end up in the money, you will receive your stake plus a payout percentage up to 80% that is determined before purchase. Margin Trading is not supported by Binarium, so leverage rates are capped at 1:1.
ACCOUNT TYPES
The broker offers three live account types: Standard, Premium and VIP. Each Binarium account has different trading conditions, suitable for varying strategies. Base currencies vary but include USD, EUR, AUD, Russian ruble and Ukrainian hryvnia, reducing the need for sometimes costly currency exchanges. The cryptocurrencies Bitcoin and Litecoin are also offered as account base currency. It is always worth utilizing the demo account first to help guide your account choice. Live account features include:
Standard
· 5% trade back
· Open a trade with just $1
· 2 withdrawal requests per day
· $5 minimum deposit requirement
· $2,500 minimum withdrawal limit per month
Premium
· 5% trade back
· Trading room access
· Flexible withdrawals and limits
· $500 minimum deposit requirement
VIP
· 15% trade back
· Trading room access
· Unlimited number of open trades
· Flexible withdrawals and no limits
· $10,000 minimum deposit requirement
PAYMENT METHODS
Deposits
The minimum deposit requirement to open a live trading account is $5, or equivalent, which is competitively low and ideal for a new investor. Clients may deposit a maximum of $10,000 per single transaction. The broker accepts several account funding methods and currencies, including USD, EUR, AUD and Ukrainian Hryvnia. Binarium does not charge a fee for any deposit payment methods and also covers any third-party charges. Funding methods include:
· Qiwi
· Neteller
· Free-Kassa
· Webmoney
· Yandex Money
· Bank Wire Transfer
· Credit/debit cards- including Visa, Mastercard and MIR
· Cryptocurrencies- Bitcoin, Ethereum, Litecoin, and Ripple
Note that some methods may only be available in certain jurisdictions. Deposits are processed immediately for all payment methods and instantly reflected in your account.
Withdrawals
The majority of payment methods have a $5 or equivalent currency minimum withdrawal amount. The broker covers third-party withdrawal charges, depending on trading volume vs initial deposit amount. For example, if the sum of all trades is not at least 2x your initial deposit, withdrawal fees will not be covered by the company. Verified accounts can benefit from 1-hour withdrawal processing times.
TRADING PLATFORMS
· Major Web Browsers
· API
CUSTOMER SUPPORT
Binarium provides an adequate FAQ section plus the below customer support options, available in nine languages, including Indonesian, Spanish and Russian:
· Telegram
· Live Chatbot
· Telephone No: +357(22)052784
· Email Address: support@binarium.com
