Binarium is a legally registered binary options broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Binarium accepts clients from all over the world, excluding USA, Israel and some countries from the OFAC list.
Binary options broker offers the following underlying assets for trading.
|20+ Currency Pairs||Based on major and minor world currencies.|
|4 Crypto BOs||Based on Bitcoin, Ethereum, Litecoin, Ripple.|
|2 Metal BOs||Based on Gold and Silver.|
Binarium is a binary options broker headquartered in Saint Vincent and the Grenadines, known as one of the most popular offshore jurisdictions for forex and binary options brokers in the Caribbean. As usual with brokers registered in Saint Vincent and the Grenadines, Binarium is not regulated by any government entity. Traders should therefore be aware of the risks of trading with an unregulated binary options broker before depositing money with Binarium.
In addition to its headquarters in Saint Vincent and the Grenadines, Binarium also maintains local offices in Cyprus, Latvia, and Ukraine.
As one of just a few brokers, Binarium accepts clients from nearly all countries in the world with the exception of only the USA and Israel, as stated in the FAQ section of the broker’s website.
Binarium offers its clients to trade binary options based on a variety of underlying assets. Among these are a selection of major and minor FX pairs and bitcoin, which can be traded as BTC/EUR, BTC/USD, and BTC/GBP. Unfortunately, the broker does not offer trading on any other underlying assets such as stock indices or commodities, which are often popular among binary options traders.
All assets offered by Binarium can be traded as binary options on the broker’s own web-based trading platform, which works both on desktop computers and mobile devices. This is a simple and user-friendly binary options platform that virtually anyone can learn to use rather quickly. The platform comes with 12 built-in trading indicators to help make informed trading decisions, which should usually be sufficient number of indicators for regular binary options trading.
To open a trading account and start trading binary options, a minimum amount of USD 50 should be deposited to the account to qualify for a welcome bonus. Once the initial minimum deposit has been made, Binarium will match the deposit with a 100% bonus. If the bonus is not important, however, it is still possible to open an account with as little as USD 5.
For traders depositing a minimum of USD 500, Binarium also offers exclusive access to an online community known as their “Trading Room.” Here, traders get access to trading signals from the broker, exclusive bonuses, analytics, as well as the opportunity to connect with other traders.
Trading accounts with Binarium can be opened in either US dollars, euros, or Russian rubles. Note, however, that once the base currency of the account has been chosen, this cannot be changed to another currency later.
All trading accounts can be funded with either credit or debit cards, or the popular e-wallets Qiwi, Yandex Money, WebMoney, or Neteller. These are also the same payment methods that are accepted for withdrawals when the time comes to withdraw money from the platform. Keep in mind, however, that Binarium has a somewhat strange policy in place that limits standard withdrawals to only USD 250 per transaction. To make a withdrawal larger than that, the trader must contact customer support to arrange it.
Binarium’s support service can be reached via online live chat, Skype, phone, or email. Unfortunately, customer support working hours are not explicitly stated anywhere, which makes us doubt that this is really a 24-hour service.
In conclusion, we consider Binarium to be a decent choice for those looking to trade binary options only. However, it is important to keep in mind that the broker is unregulated, and that depositing large amounts of money therefore may come with certain risks.