Binarium review 2023 – Is it a scam or not? – Test of the broker

Percival Knight Last updated: November 23, 2023

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Is Binarium a trusted Binary Options Broker or not? – Find it out in this test. With more than 10 years of experience in the financial markets, I tested this company and I will give you feedback. Learn more about the functions, offers, and withdrawals of the broker. In the following review, you will also get a step-by-step guide to learning how to trade on this platform.

Quick facts about Binarium:

What is Binarium? – The broker presented:

Binarium is a full Binary Options Broker established in 2012. You can bet on forex, cryptocurrencies, and commodities on one platform. The company is based in Suite 305, Griffin Corporate Centre, P.O. Box1510, Beachmont, Kingstown, St. Vincent, and the Grenadines. Also, the company got different offices in Cyprus, Ukraine, and Latvia.

The broker accepts traders from all over the world. They speak different languages and got a huge support team. In addition to that Binarium uses EU-Banks for its customer funds, and the deposit and withdrawal methods are regulated.

First hard facts about the company:

• Established in 2012
• International Binary Options Broker
• Trader more than 100 different markets
• Support in different languages
• EU Banks for customer funds

See my video about the platform:

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Pros and cons of Binarium

No broker is perfect. Even Binarium has its pros and cons. In the following, we will take a closer look at Binarium’s strengths and weaknesses.

Is Binarium regulated? Regulation and safety for customers

Regulation plays a central role when choosing a binary options broker.

Unfortunately, Binarium is not regulated, which is a clear disadvantage. However, unlike other untrustworthy brokers, Binarium has proven to be reputable. In our test, all deposits and withdrawals went smoothly and winnings could be cashed out.

Binarium is considered to be quite secure overall, with a large number of users and SSL encryption and data protection.

The conditions to trade on the Binarium platform: All offers

On the Binarium platform, you can trade more than 100 different assets. The broker always tries to improve its offer. It is possible to trade short-term or long-term Binary Options. Also, you can bet on rising or falling markets. There is a huge range of expiry times to choose from on the platform. You can trade 60-second trade or more than options with an expiry time of 1 month.

The Binary Options are divided into “Turbo” and “Binary”. Turbo is the short-term trades, and binary is the long-term trades. It is allowed to start betting with only 1$ and the minimum deposit is only 10$. Invest every amount you want with this platform. There are no strict rules. In addition, the return on investment is between 80-90% for most markets.

The conditions for traders:

• Trade forex, cryptocurrencies, and commodities
• Trade short-term and long-term Binary Options
• Start trading with only 1$
• The minimum deposit is 10$
• Return on investment is between 80 – 90%

Quick facts about the offers of Binarium:

Is the execution of orders correct? – My review

For Binary Options traders, it is very important to get the best execution in the market. Especially for short-term Binary Options, the entry point of your trade should be the best. Personally, I tested the execution of the trading platform a lot. From my experience, it is one of the fastest execution I have ever seen. There should be no problem getting into the markets with Binarium.

Test of the Binarium trading platform:

In the following text, I will give you an overview of the trading platform. The Binarium software is available for any device and you can trade it with your mobile phone. At first glance, the software is very clear and easy to use.  In the lower picture, you will see a direct screenshot of the live platform.

Charting for beginners and professional traders

For Technical Analysis, the trader has to use different chart types and indicators. In the following section, I want to prove that you can do a good analysis with this platform.

In the lower left corner, you can see the menu for the customization of the chart. More than 4 different chart types are available. Choose between lines, candlesticks, and a bar chart. It is very easy to customize and you can always change the visibility. Furthermore, you can use over 50 different indicators and some technical drawing tools on the chart. Also, traders can customize their tools with a few clicks. In my opinion, Binarium offers you enough tools to trade correctly.

In the upper menu, you can change between the markets and charts. The platform allows you multi-charting, which is a huge advantage over other platforms because you can trade more than 1 market at the same time.

Customizable charting:

• Different chart types
• More than 50 different indicators
• Drawing and analysis tools
• Customize your analysis
• Multi-Charting

How to trade with Binarium? – Step-by-step guide

Trading with Binary Options is a very simple principle. Traders have to make a forecast about the future movement of an asset. Make a forecast of the market will rise or fall. There are only 2 options, which is why it is called “Binary Options”. You can lose or win the trade. The price has to be upper or lower at your entry point at the end of the expiry time.

How to trade: 

1. Make a forecast about the movement of the market (use analysis and more)
2. Choose an expiry time when the Binary Option will end
3. Invest any amount (starting 1$)
4. Invest in rising or falling markets with one click (buy or sell)
5. Get a high return on investment or lose your investment amount

As you see it is very easy to trade the financial markets with Binary Options. There are only 3 different options you have to choose from.

1. Expiry time
2. Investment amount
3. Buy or sell markets

For questions or help, the platform offers 24/7 support for its customers. Moreover, there are video tutorials and a big FAQ for beginners. You need some practice to use this financial product correctly. Beginners should use the free Demo Account with Binarium first.

Binarium demo account is available for free

The Demo Account is an account with virtual money. You can practice the trading platform and do investments without risk because it is no real money. The Demo Account simulates trading with real money.

Binarium offers you a free 10.000$ Demo Account. Traders can try out the platform or improve their trading strategies without risk. Another advantage is that you can learn more about new markets and start trading them. The practice account is the best solution for beginners and every Binary Options Broker should provide it like Binarium.

• Free and unlimited Demo Account
• Reload your account with only one click

Sign up for your account in a few simple steps

It is very easy to open an account with Binarium. Just provide your email address and a safety password and you will get access to the trading platform. In addition, you need your full name and phone number to use all functions of the broker. On Binarium it is possible to trade real money without verification.

1. Open your account in under 60 seconds
2. Deposit real money or use the free demo account
3. Start Earning

How to deposit on Binarium?

As trading on the platform, the deposit of money is quite easy. Binarium offers a huge range of payment methods for your deposit and withdrawal. Sometimes the deposit method depends on your country. You can use Credit Cards (Visa, Mastercard), Neteller, Qiwi, Yandex-money, Webmoney, China UnionPay, Wire Transfer, Cryptocurrencies, and more methods.

Start with a deposit of 10$. There are no hidden fees for your transaction and the deposit is completely free.

Withdrawal of your earnings of Binarium

The withdrawal works with the same methods as the deposits. And again, Binarium is not charging any fees, but sometimes there is a fee from your payment provider. You can clearly see that on your platform. The company provides a payout within 24 hours. Sometimes it can be more than 3 days because not every day is a working day (weekend).

• No fees on deposits and withdrawals
• Instant deposits through electronic payment methods
• Withdrawal in 1 – 3 days

Get a bonus for free

Binarium offers a trader a free bonus for each deposit and also, there are some other special bonus programs. The bonus depends on your deposit amount. It can be more than 100% of your deposit! In order to withdraw this bonus, there are some conditions. You have to do a trading volume of 40 – 50 x the bonus amount.

That means if you get a bonus of 100$ you have to do a trading volume of 4000 – 5000$. From my experience, this can happen very fast. A bonus is a good way to improve your trading account and money.

Support and customer service tested

Another important point for a good Binary Options Broker is the support and customer service for traders. In this test, I tested the service, too. Binarium offers telephone, email, Skype, and chat support 24 hours a day. They speak different languages for international traders. Directly on the website, you can see the contact information.

From my experience, the support is working very fast. I tested it several times. They could answer your questions quickly and help you if you got problems with the platform. They also show you how to trade on the Binarium software. In conclusion, the support seems very professional to me.

• Telephone, Email, Chat, and Skype-Support
• The service is 24 hours available
• Fast and professional support
• Account Managers for bigger deposits

Available countries and banned countries

Binarium accepts international traders from all over the world. There are only restrictions on 2 countries. The broker does not accept traders from the United States of America and the UAE. All other countries are welcome. The website is available in 10 different languages.

Binarium is popular in:

• India
• South Africa
• Malaysia
• Indonesia
• Philippines
• Thailand
• China
• Europe
• And more

Binarium alternatives: Comparison with other binary brokers

Compared to other binary brokers, Binarium performs quite well. The broker has 4 out of 5 possible points. There is a free bonus for each deposit available, which is an advantage. However, the broker is not regulated. Binarium offers a lower yield of up to 80%.

Conclusion of the Binarium review – Reliable Broker or not?

Is Binarum a scam or not? – Personally, from my experience, it is not a scam. I reviewed it in the Demo Account and with a small amount of money ($100). The broker works very fast and the deposit and withdrawal are no problem. The only disadvantage is that there is no regulation. They only got a license in Russia but no general Regulation.

I have to say that the platform is one of the best for beginners because it is very user-friendly and easy to use. In addition, you can start with a small amount of money. The execution is so fast that I was very surprised compared to other brokers. Another point I have to mention is the bonus program. Get a free bonus without limits. It is the best way to double your trading account.

In conclusion, Binarium seems like a reliable broker for Binary Options, but there is no regulation. That is why I personally would trade carefully. On the other side, no regulation means that you can trade without verification. This is a huge advantage and I know only a few brokers who got this offer.

Happy Trading ;)

Important facts of this review:

•  Only a 10$ minimum deposit
•  Free Demo Account with 10.000$
•  A huge range of different Binary Options
•  Fast execution
•  Comfortable Platform
•  Friendly and professional support
•  No Regulation

Binarium offers a professional trading platform and good conditions for traders.

Frequently asked questions (FAQs) about Binarium: