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Cronika is a legally registered binary options broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Cronika accepts clients from all over the world, excluding some countries where restrictions apply.
Binary options broker offers the following underlying assets for trading.
| 15+ Currency Pairs | Based on major world currencies. |
| 7 Crypto BOs | Based on Bitcoin, Ethereum, Litecoin, Solana, Ripple, BNB, USDT. |
Cronika is a newcomer to the binary options trading space, launched in 2025 and legally registered in Saint Vincent and the Grenadines (SVG). Like other brokers registered in that jurisdiction, Cronika is not regulated by any government agencies, and trading with it (and with any other SVG brokers) therefore comes with certain risks.
Operating solely as a binary options broker, Cronika offers short-term call/put contracts on forex and crypto pairs, rather than traditional leveraged forex or CFD products. There is no leverage offered in the classical sense - traders instead purchase a binary option contract and receive a predefined payout on a correct prediction.
Cronika's platform is proprietary and built with integrated TradingView charts, accessible via a web browser or a downloadable desktop app. Apart from an app built on the messaging app Telegram, there is no dedicated mobile app. The trading platform is visually clean and user-friendly, with built-in tools for technical analysis and chart drawing. Traders can execute contracts with expirations ranging from 1 minute up to 4 hours, though longer-term expiry options like daily or weekly contracts are not supported.
Trading assets include approximately 15 forex pairs and 7 crypto binary options, covering popular coins such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Solana (SOL), XRP, BNB, and even the stablecoin Tether (USDT). All of these coins are traded against the US dollar. Payout rates for forex binary contracts average around 80%, while select crypto contracts may occasionally reach 85%.
Deposits and withdrawals to Cronika are done exclusively with crypto, making this broker accessible even for traders who may not have access to traditional banking. Both deposits and withdrawals are processed fairly quickly, but standard blockchain confirmation times apply. Credit card and bank transfers (also known as fiat deposits) are unfortunately not accepted. The minimum cost to open a trading account is just $10, making Cronika one of the most accessible brokers for traders with smaller accounts.
For those who want to dip their toe into trading without risking real money, Cronika provides an instant free demo account with virtual funds and no registration required. The sign-up and verification process for a live account is also straightforward and fast, requiring only basic personal details and minimal documentation.
Despite all of these positives, Cronika still falls short in some areas. For example, the broker offers no bonuses, educational content, or market analysis, other than a very basic FAQ page. Customer support is handled via live chat only, with no phone number or email address to be found anywhere on the broker's website. There is also no available information about the support team's working hours, making it difficult to know if help will be there when it is needed.
It's also important to note that while Cronika's platform is intuitive, it lacks many more advanced features, including news feeds and more advanced indicators. There is also dedicated no mobile application support (other than the Telegram app), which can limit flexibility for traders who prefer to trade on their phone.
In summary, Cronika appears to be geared toward binary options traders who want a basic trading experience with little capital available. Its ultra-low minimum deposit, clean TradingView-based interface, and predictable payouts make it very accessible for some fun testing or hobby trading. However, the lack of any regulation and limited selection of trading assets means that it may not have what it takes to attract more experienced and professional traders.
