Binarium

Trading platform

Binarium features their very own proprietary web-based trading platform which has been designed and developed by traders, for traders. The platform operates very smoothly and is intuitively designed for a seamless trading experience. Since the platform is web-based there are no downloads required and it works on numerous browsers for all PCs. However, the platform is not compatible with mobile devices and there is no mobile trading application available.
The platform has developed three option types for trading various financial assets. The option types available are suitable for both experienced and beginner binary options traders. See the available trade types supported by the platform below.

Binary Options

This is the traditional trade type for binary options trading (call/put or high/low). This trade type allows for payouts of up to 85% and has expiry ranges from 30 minutes to 2 months.

One Touch

This binary option is much more sophisticated and offers payouts of up to 800%. Traders are required to predict whether the price of the underlying asset will reach the predetermined price within a specific time period. This time period is normally around 3 days.

Sixty Seconds

This is the fastest or shortest type of binary option which expires in 60 seconds. Other than that, the trade type is the same as the regular binary option trade type.

Exchange Markets

The markets in which traders can participate in on Binarium are quite limited. Binarium only offers their clients the ability to trade in the foreign exchange markets (forex) and three Bitcoin (BTC) cryptocurrency trading pairs. In total, there are only 20 Major currency pairs that primarily involve the USD, EUR, JPY, CAD, GBP and AUD currencies. As for the cryptocurrency trading pairs, clients can trade BTC/EUR, BTC/USD and BTC/GBP. As far as online trading brokerages go, Binarium has a very limited product offering compared with the competition. However, for traders who care only to participate in the Majors forex market, Binarium might be the simplest option for them.

Fees and commission

Binarium does not charge any commissions or fees for deposits or withdrawals and there is no limit to how many you can do. As for trading fees, Binarium does not disclose this information on their website and we failed to receive a response when asking about fees. One type of fee that we discovered is an account inactivity fee, whereas if a trader remains inactive for 90 concurrent days they will receive a fee of 50 Euros.

Security and fairness

Binarium is an unregulated binary options broker who has been confidently providing trading services for over 5 years. The broker may not be regulated, but they have thus proven themselves to be a reliable online trading brokerage. Binarium uses advanced SSL encryption technology to protect their client’s financial data and personal information. Other than that, there is no mention on further security measures Binarium takes. We do not know if client funds are held in segregated bank accounts, or if they are able to utilize two factor authentication methods. However, Binarium has a decent reputation and continues to provide their trading services.

Support

Customer support is available via a variety of methods which are available 24 hours a day, 7 days a week. The support methods available include the following; online chat, skype, email, and telephone. While they have a variety of support methods, the brokerage may be reluctant to reply, as we tried contacting them and received no response. However, we only tried the live chat function where you leave an email if no body is currently available. Additional methods of support include the websites extensive FAQ page and education center. Here, traders can learn different trading strategies and learn how to start trading with Binarium.

Conclusion

Binarium is an online binary options trading brokerage with a number of years of experience in the industry. The broker is very simple and only offers a handful of trading products across the forex and cryptocurrency markets. The trading platform is very simple and easy to use and it’s clear that Binarium primarily serves inexperienced or beginner traders. Binarium is not regulated and thus traders should proceed with caution. However, the broker has mainatained a decent reputation and is trusted by many. All in all, Binarium is a decent binary option trading brokerage for beginner traders.

Binarium Q&A

The following are the common questions that customers inquired about Binarium.

Is Binarium regulated?

No, it is not regulated.

Is Binarium a scam?

No, Binarium is a legit broker which has been providing trading services for over 5 years.

Where is Binarium based?

Binarium is based at Suite 305, Griffin Corporate Centre, P.O. Box1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Screenshot