Binarium Review – Scam Trading Platform or Legit Broker That Actually Allows Withdrawals?

If you still love Binary Options trading more than crypto-trading then somebody might have told you about Binarium. This platform is known for its exceptional Binary Options trading features. We’ve received a few emails containing a request for an unbiased review on this broker…

Binarium Broker Website Screenshot

Binarium is a good platform for the beginners because you can open a real account with only 10 bucks. It reduces the risk of losing a huge sum. You may like the fact that this platform doesn’t feature different accounts. You only deposit a minimum of $10 and start trading. The broker also offers a 100% bonus for the initial deposit.

Binarium scam warnings and complaints must not be overlooked at any cost. Yes, the broker has tried its best to keep things as simple as possible but you never know when things take the wrong turn to let you realize that the platform is actually something else. Let’s first see who established this platform and how has it performed over the last 7 seven years.

Binarium Review Summary

Cost: $10+

Recommended: No (See Our Top Ranked Legit Program Here)

Rating: 0/100

Summary: It’s true that Binarium has been around for a very long time but as far as we can see they have never held any sort of (in our opinion) trustworthy license & they have also received several warnings over the years from regulatory bodies. Furthermore for 5 years the company was “invisible” so we can only assume they were operating under a different name which is very worrying indeed. We therefore do NOT recommend trading with Binarium & if you have lost money already keep on reading to see how you can get it back.

Quick Navigation

We appreciate that some of you may have just landed on this Binarium review in order to find out some specific information so to make things easier for you we’ve put together some quick navigation links below:

 

Binarium Background

Binarium Ltd. owns and operates Binarium. The platform was introduced in 2012 and it only offered Binary Options. If you want to trade in FX and CFDs then you have to look for another platform.

  • Address. Suite 305, Griffin Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent, and Grenadines.
  • Email. support@binarium.com
  • Phone. +357 22 052 784

The good thing about Binarium is that it served its traders with a really useful toolkit. This toolkit helped the traders to analyse the market and predict the fluctuating prices. When it comes to the pioneers of Binary Options brokers in Russia and CIS countries, then Binarium tops the list.

The management did its best to keep things extremely simple. There is only one account type and you can start trading after depositing only 10 bucks. The platform doesn’t require any downloads.

Binarium didn’t only restrict itself to trading. The company focused on training its clients to become more competent. The website has an exclusive section for the trainees. The support service not only helped in general but the technical staff also helped the clients to address hardware and software issues.

The education section is not so good. There is nothing to impress. The content is pretty basic and there is nothing potentially beneficial for the experienced traders.

The website is available in five languages but the quality of the content isn’t impressive. The language is confusing and no well edited.
Bitcoin, Litecoin, Ethereum, and Ripple are the four crypto-currencies available with this platform in addition to a couple of commodities i.e. Silver and Gold.

The Demo account is also available and it serves you with $1000 virtual money.

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Is Binarium Regulated?

Binarium was launched in 2012 and it was NOT regulated by any significant regulatory authority. Some sources do claim that Binarium has acquired a CROFR license. The website is still active after 7 years and it suggests that the broker is actually backed by some sort of license.

The website has added a new address which is 20 Lonos, HE321566, 401, Egkomi, 2406, Nicosia, Cyprus.

Phone (for English Speakers) +44 203 6957705 and +357 22 052784

In addition to CROFR license, Binarium is also certified by FMRRC. The certification was canceled a few years back but FMRRC reissued the certificate after the company addressed certain issues.

Binarium Complaints

The content on the website is absolutely confusing because of the unprofessional use of English and other languages. At times, we found it hard to reach the specific information.

The lack of CySEC regulation is also a major issue. For a broker operating from 2012, it looks strange to avoid a tough watchdog.

We tried hard to find some serious complaints about the platform but we didn’t succeed. It looks as if the platform doesn’t have any enemies to post bad reviews against Binarium. The overall reputation of the broker is above average.

Binarium Withdrawal

You can withdraw your money via wire transfer, Credit/Debit Cards, and e-Wallets (Yandex Money, Qiwi, and WebMoney). The processing time is extremely fast, i.e. one hour. The rest of the time is consumed by the destination bank.

Is Binarium a Scam?

To be honest, we don’t have much reliable information about Binarium but at the same time, we failed to find any serious allegation to call Binarium a scam. But we realized something interesting. We never heard of Binarium before 2017. But the website claims that it is operating since 2012. We are convinced that this platform was operating under a different name.

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Our Verdict on Binarium

Thumbs DownWe DO NOT recommend Binarium for a couple of reasons. Firstly, it is not regulated by CySEC despite the fact that the website has now added an address from Cyprus. Secondly, the broker remained hidden for more than 5 years and we still don’t know the reason. We can only speculate that this platform has operated under a different name in the past. These are the things which stop us from recommending Binarium.

Scammed By Binarium? Get Your Money Back

We have seen many reports emerging from people that have been scammed by binary options brokers & whilst doing our research on Binarium we came across many alarming reports.

It seems that several websites have been setup specifically with comments about being scammed by Binarium, so whilst they are still in operation it’s possible that there may be people (including yourself) who feel they have been scammed by them.

If that is the case though then you can rest assured that you’ve landed in exactly the right place as we’ve personally put together a free money reclaim guide which has been specifically designed to help you get your money back from a binary options scam (and it also works against other scams).

As we’ve just mentioned the guide is absolutely free & you can get access to it right now by clicking here.

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About the Author:
Hi, I'm Dale, the founder of Stopping Scammers. I fell victim to an online scam many years ago & I launched this website, as a result, to protect others from making the same mistake. I now earn a living working online after discovering a legitimate method called affiliate marketing & I aim to share what I've learned to help others to do the same. You can report a scam here or you can see the legitimate methods for earning online here. I truly hope you find this website helpful.

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