Binarium is a popular choice for new traders who want to try binary options because of its easy-to-use trading platform. Binarium is an online broker that offers binary options trading on its own platform. The company is based in Saint Vincent and the Grenadines and has an office in Nicosia, Cyprus. Now, let’s take a closer look at Binarium to see if it is a good choice for you.
| 🏢 Headquarters | Saint Vincent and the Grenadines |
| 🗺️ Company Name | Binarium Limited |
| 🗺️ Foundation Year | 2015 |
| 🗺️ Company Address | Suite 305 Griffin Corporate Centre P.O. Box1510 Beachmont,Kingstown St. Vincent and the Grenadines |
| 🗺️ Website | https://binarium.com/ |
| 🗺️ Contact | support@binarium.com |
| 💻 Regulatory Status: | No Regulation |
| 🗺️ Type of License | No license |
| 💰 Should I trade with it | No (We don’t recommend) |
| ⭐ Scope of Business | Suspicious |
What is Binarium?
Binarium, started in 2015 in Saint Vincent and the Grenadines, offers financial trading services. It provides various trading products like forex pairs and cryptocurrencies (BTC and LTC). With account types like Start, Standard, Business, Premium, and VIP, Binarium attracts traders of all levels. It supports trading in major global sessions: Asia, Europe, America, and Oceania.
Is Binarium legit or a scam?
Binarium is not a trusted broker because it isn’t regulated by a strict financial authority. The company is registered offshore and doesn’t have a proper license, which means traders face financial risks. While Binarium tries to resolve issues quickly, trading with unregulated brokers can be risky due to the lack of oversight and protection. Therefore, we would not recommend Binarium.
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FAQs
Is Binarium safe to use?
Binarium isn’t considered safe because it doesn’t follow strict regulations from any financial authority.
What is the minimum deposit to start trading on Binarium?
The minimum deposit depends on the account type, ranging from $0 to $100 for the Start Account. This makes it accessible for traders with different budgets.
Can I practice trading on Binarium without using real money?
Yes, Binarium offers a Demo Account with $10,000 in virtual funds. You can practice trading and test strategies without any financial risk.
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What types of assets can I trade on Binarium?
Binarium lets you trade various assets, including forex pairs and cryptocurrencies like Bitcoin, Litecoin, and Ethereum.