Is Binarium a safe broker?
Binarium is a offshore regulated broker that has been working since 2012. The company is registered in Saint Vincent and the Grenadines and does not hold a license of regulatory authorities
Binarium has gained significant popularity amongst the audience, especially novice traders considering how many benefits they offer. Broker has been providing binary options trading services since 2012. However, before you leap faith, you must know if Binarium is a safe broker. In this article, we delve deeper to understand if it is a smart move to start trading with Binarium.
Is Binarium legit?
The company is registered in an offshore jurisdiction (Saint Vincent and the Grenadines) and does not hold a license of regulatory authorities. Since Binarium follows the rules and regulations of every country, you can be sure that there is no foul play involved.
Is Binarium legit in my country?
Binarium is quite a popular trader in India, Malaysia, South Africa, China, Thailand, Europe, Malaysia and Indonesia. As one of the popular brokers in today's time, Binarium accepts traders from across the world. However, if you are from the US and UAE, you cannot trade in Binarium.
Is Binarium a scam or safe?
The company is registered in an offshore jurisdiction and does not hold a licence of regulatory authorities. This means that traders undertake the risks related to possible financial issues. On the other hand, Binarium cares for its reputation and tries to settle any issues in a timely manner.
Binarium pros and cons
Binarium is home to various advantages and disadvantages. In the sections below, you will get a complete insight into the pros and cons.
👍 Binarium pros
Binarium has a wide range of benefits to offer that stop you from turning away from using this app:
• As a leading intuitive platform, you can easily trade using Binarium without issues.
•Feeling stuck, especially in terms of conducting your trade? No worries, you can get the benefit of copy trading with Binarium.
• There are no hidden fees in Binarium, so you don't have to worry about any discrepancies.
• You can participate in different trader contests and earn huge bonuses and rewards.
👎 Binarium cons
Binarium always cannot provide pros, which is why there are also some disadvantages. Some of the problems you may experience, especially in terms of using Binarium cons, are as follows:
• There are limited trading options available on the platform.
•You will get lesser rewards. Even though they promise 90%, the actual result you receive will be around 70-80%.
• No regulated platform.
• Compared to other platforms, there are less than 15 indicators.
FAQs
Is Binarium safe?
The company is registered in an offshore jurisdiction and does not hold a license of regulatory authorities. This means that traders undertake the risks related to possible financial issues.
Can I trust Binarium?
If you plan to use Binarium, it can be difficult to trust it as any government does not regulate it. However, you must note that Binarium is regulated by other bodies determining their safety.
Can I get a quick withdrawal from Binarium?
Binarium provides quick withdrawal on the method of your preference.
Is there a demo account on Binarium?
If you need more capital, you can always start trading using the demo account on Binarium. This account can help you practise.
Team that worked on the article
Upendra Goswami is a full-time digital content creator, marketer, and active investor. As a creator, he loves writing about online trading, blockchain, cryptocurrency, and stock trading.
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.