Binarium

Binarium Information

Binarium is a binary options broker founded in 2012 and run by Binarium Limited, a recognized corporation in St. Vincent and the Grenadines. Account tiers (Start, Standard, Business, Premium, and VIP) provide access to additional trading assets (67-121 instruments) and increased withdrawal limits. However, the company is not regulated by any acknowledged financial institution, and its legal documents indicates that agreements are made in Cyprus.

Pros and Cons

Is Binarium Legit?

Binarium is an unregulated broker. The company's address is in St. Vincent and the Grenadines, with transactions executed in Cyprus. It does not have licences from recognised regulators such as the FCA, CySEC, or ASIC.

According to WHOIS records, binarium.com was registered on July 28, 2008 and will expire on July 28, 2030. Because the broker operates outside of major regulatory frameworks, traders should be cautious and understand the dangers before creating an account.

What Can I Trade on Binarium?

Binarium lets you trade binary options on a range of types of assets. The amount of instruments you can use depends on your account level: There are 67 assets in a Start account, 76 in a Standard account, 92 in a Business account, 113 in a Premium account, and 121 in a VIP account. Tradable Instrumentsinclude currency pairs, futures, and options

Account Types

Binarium has five real account types and a demo account. Each level is based on how much money you deposit, and as you move up, you get more assets, bigger bonuses, and greater withdrawal limitations. There is no mention of an Islamic option that doesn't involve a trade.

Binarium Fees

Compared to other companies in the same field, Axiance's fees are on the low to moderate side. The trading spreads are competitive, especially for higher-tier accounts, and fees are only charged on certain VIP trades.

Trading Platform

Deposit and Withdrawal

Binarium charges no fees for deposits or withdrawals. The minimum deposit and withdrawal amount are $5. Most deposits are processed immediately, however withdrawals are usually completed within one business day, depending on the payment type.