Binarium Review:
The Binarium broker review
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
The conditions to trade on the platform
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$. Invest every amount you want with this platform. There are no strict rules. In addition, the return of investment is between 80-90% for most markets.
The conditions for traders:
- Trade forex, cryptocurrencies, and commodities
- Trade short-term and long-term Binary Options
- Start trading with only 1$
- The minimum deposit is 10$
- Return of investment is between 80 – 90%
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 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 if you can do a good analysis with this platform.
In the left lower corner you can see the menu for the customization of the chart. More than 4 different chart types are available. Choose between line, candlesticks, and 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 to 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 if the market will rise or fall. There are only 2 options, that 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:
- Make a forecast about the movement of the market (use analysis and more)
- Choose an expiry time when the Binary Option will end
- Invest any amount (starting 1$)
- Invest in rising or falling markets with one click (buy or sell)
- Get a high return on investment or lose your investment amount
As you see it is very easy to trade the financial markets with Binary Options. There are only 3 different options you have to choose from.
- Expiry time
- Investment amount
- Buy or sell markets
For questions or help, the platform offers 24/7 support for its customers. Moreover, there are video tutorials a big FAQ for beginners. You need some practice to use this financial product correctly. Beginners should use the free Demo Account with Binarium first.
Binarium demo account is available for free
The Demo Account is an account with virtual money. You can practice the trading platform and do investments without risk because it is no real money. The Demo Account simulates the trading with real money.
Binarium offers you a free 10.000$ 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
Open 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 for using all functions of the broker. On Binarium it is possible to trade real money without verification.
- Open your account under 60 seconds
- Deposit real money or use the free demo account
- Start Earning
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 little amount of money ($100). The broker works very fast and the deposit and withdrawal are no problem. The only disadvantage is that there is no regulation. They only got a license in Russia but no general Regulation.
I have to say that the platform is one of the best for beginners because it is very user-friendly and easy to use. In addition, you can start with a little amount of money. The execution is so fast that I was very surprised compared to other brokers. Another point I have to mention is the bonus program. Get a free bonus without limits. It is the best way to double your trading account.
In conclusion, Binarium seems like a reliable broker for Binary Options, but there is no regulation. That is why I personally would trade carefully. On the other side, no regulation means that you can trade without verification. This is a huge advantage and I know only a few brokers who got this offer.
Advantages and disadvantages of Binarium after my review:
- Only 10$ 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.