Binarium Profile Details - History, Contacts and Regulation
Binarium, established in 2012, is a broker that specializes in providing access to binary options trading. Binarium is registered in an offshore jurisdiction (Saint Vincent and the Grenadines) and lacks a regulatory authority license
Binarium, a renowned binary options broker, has served traders since 2012. This review delves into the broker's history, team, regulatory status, and coverage in the financial markets, providing insights into its credibility and offerings.
What the profile on Binarium includes
Binarium, established in 2012, is a broker that specializes in providing access to binary options trading. Binarium has carved a niche in the trading world with its primary focus on the CIS market. This focus is evident from its fully Russian-language website and the emphasis of its customer support on catering to Russian-speaking traders. The company's dedication to its clientele is further highlighted by the measures it takes to ensure the safety of client funds. These funds are held in segregated accounts, ensuring that traders' money is stored in European banks, separate from the broker's accounts. This segregation is a testament to Binarium's commitment to financial security and transparency.
For those new to the trading world, binary options can seem daunting. However, Binarium presents itself as an ideal starting point for novice traders. The simplicity of binary options, as offered by Binarium, makes it a more accessible choice for those looking to begin their trading journey, especially when compared to the complexities of Forex.
👍 Advantages of trading with Binarium:
• Intuitive platform. One of Binarium's standout features is its user-centric platform. Crafted meticulously, it caters to the diverse needs of its user base. Whether you're a seasoned trader familiar with the intricacies of the market or a beginner just dipping your toes, the platform's design ensures a seamless trading experience. Its intuitive nature simplifies navigation, making trade execution a breeze.
• Copy trading service. For those still finding their footing or looking to diversify their trading strategies, Binarium's copy trading service is a boon. It empowers traders to emulate the strategies of those with a proven track record. This serves as a learning curve for novices and offers experienced traders an avenue to diversify their portfolios.
• Transparent fee structure. In an industry where hidden fees can often be an obstacle, Binarium's commitment to transparency sets it apart. Traders can embark on their trading journey with the assurance that the fee structure has no hidden surprises.
👎 Disadvantages of Binarium:
• Limited trading instruments. Compared to some of its counterparts, Binarium's arsenal of trading instruments is limited, potentially restricting a trader's versatility.
• Constrained technical analysis tools. With a palette of fewer than 15 technical analysis indicators, seasoned traders might find the offerings a tad limiting.
• Absence of certain option types. The unavailability of options like Touch, Range, and Ladder can sometimes curtail traders' strategies.
• Yield variability. Despite the allure of up to 90% returns, the reality often hovers around the 70-80% mark, which can be a point of contention.
• Quote accuracy. There have been murmurs within the trading community about the precision of Binarium's quotes, which is crucial for informed trading decisions.
• Regulatory hurdles. The absence of regulatory oversight and its offshore registration can be a red flag for traders prioritizing security.
• Website design concerns. A few users have expressed reservations about the website's user-friendliness, which can be incredibly challenging for newcomers.
Binarium general information
Contact information:
Registration address. Binarium Limited HE321566 Office 02, 9 Kappadokias, Dasoupoli, 2028, Nicosia, Cyprus.
Official site. Binarium.
Contacts.
Email: support@binarium.com
Phone: +357(22)052784, +44(203)6957705.
Who is the owner of the Binarium?
Binarium was founded under the leadership of Vladislavs Alohins, the CEO, and Ariel Velazquez, the owner of Binarium Technology Corp.
The broker's primary objectives include offering free practice accounts, facilitating trades from as low as USD 1, providing 12 analytical indicators, ensuring secure trading, and enabling swift withdrawals. Binarium stands out for its transparency, compensating for deposit and withdrawal fees, barring specific conditions. They also offer free training, a practice account with $10,000 virtual money, a low minimum deposit of $10, and a profitability rate of 85%.
Legal entities and regulation
Traders ask: is Binarium legit? Binarium is registered in an offshore jurisdiction (Saint Vincent and the Grenadines) and lacks a regulatory authority license. This absence of regulation raises questions about the broker's services.
Overview of products
Binarium offers a range of trading assets, including world Indices, stocks of renowned companies, and commodities from the global market.
Binarium services
Binarium, established in 2012, primarily targets the CIS market. Their platform is tailored for novice traders, offering binary options trading. Binarium's offerings include an intuitive platform, copy trading, and transparent fees. However, they have a limited instrument selection, fewer technical indicators, and concerns about quote accuracy. Their offshore registration and lack of regulation are notable drawbacks.
FAQs
Is Binarium Real or Fake?
Binarium is a legitimate platform, but it's worth noting that it's an unregulated broker.
Does Binarium Really Pay?
Yes, traders can earn money on Binarium, but it's essential to approach it cautiously due to its unregulated status.
Can You Use a Bot on Binarium?
Binarium doesn't offer any bot services for automated trades. On the other hand Binarium providers copy trading service.
How Do I Set Up a Binarium Account?
To set up an account, visit Binarium's official website to access Binarium login, complete the registration form, verify your email, and access your dashboard to utilize the demo account.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.