The company’s website is eye-catching. They have really built their website in a professional way and have placed all the major information on the homepage. It’s very easy to create an account on their platform, which involves only two steps: adding email and accepting the trading terms. They have also clearly presented information about their toolkit on the homepage.
It is among the best binary brokers in Russia and CIS countries. However, the company has been actively working on adding more innovative tools in order to provide convenience to traders.
Binarium has created a special training section on their website to help traders in risk management and profit optimization. They offer demo account to all investors with $1000 to trade and understand the functions of this platform. Traders can trade as low as $1 on this platform, which really helps in building new investors confidence. Payout ratio of close to 90% seems impressive and the firm also does not charge any hidden commission and fee for their services.
Is Binarium a Scam Broker?
Due to the arrival of technologies and online trading platforms, it becomes quite difficult for traders to differentiate between scam brokers and authorized brokers. Scam brokers usually offer higher promotions and perks to traders. Moreover, they develop their website and trading platform in the way to convince traders that they are really professional.
In order to check the authority of brokers, traders must ensure that Broker holds a certificate from the higher authority such as Securities Exchange & Commission (SEC). In the case of Binarium, the firm holds a registration certificate from CySEC. This means that Binarium has been strictly complying with the SEC policies. The firm also keeps traders money in a separate trust account.
User Friendliness and Platform Features
The company’s platform looks user-friendly. They have developed their trading platform and features in a way that it suits both advanced and beginners. Recent client’s reviews suggest that the platform is fast enough to make timely trades and got no failures. Traders can trader several assets on its platform, including currency pairs, stocks, indices and CFD’s. It has also recently added digital currency to its asset portfolio.
There are two types of options that trader can enjoy on this platform.
• Classic “above/below” type binary option
• The “60 Seconds” option or Turbo options
The above/below option gives traders the potential to make an entry for only 15 minutes to two hours. In the 60 Seconds option, the firm allows traders to create a position for one minute to five minutes. The 60 seconds options look riskier than other options. However, experienced traders like these sort of short option to make quick money in a shorter period of time.
Binarium has created several types of accounts for traders according to their needs and requirements. They offer different perks and promotions to traders based on their account type. They offer the micro account that starts from $10. Micro account holders can promptly start trading after creating the account and they will also have the access to the support team and educational material.
The minimum account deposit requirement for Premium Account is $500. Premium account holders are eligible to make three risk-free trades and the firm offer trader to access webinars plus the rest of the perks received by Micro Account holders. On the other hand, Business account holders are required to make an initial deposit of $1000. Business account holders can make immediately withdraw funds and they also get daily market analysis from the Binarium team. Finally, traders must make an initial deposit of $3000 to get a VIP account.
Bonuses, Withdrawals, and Deposits
The firm offers a bonus of 100% on the initial deposit of $500. A bonus plays a key role in enhancing trader’s sentiments and also provides a cushion against the market volatility. If a person deposits $500 in Binarium trading account, they will have an account balance of $1000 in their account to trade binary options. On the other hand, the firm has kept its deposit methods as simple as they can. They accept deposits from various methods, including Credit Card, Debit Card, Skrill and others. The lower withdrawal timing has also been helping traders to get their money back in their pockets immediately. Investors can withdraw funds in less than one hour from their Binarium trading account.
Binarium looks like a safe place for investors to start trading. The firm has minimum deposit requirement and also offers demo account and bonus to investors. They have introduced several enticing features and their platform is user-friendly. Educational material and round the clock access to the support team helps investors in building a successful trading career.