Binarium Binary Options Broker
- creation of the most comfortable conditions for trading in comparison with other companies;
- provision of the best possible service, as well as a wide range of financial instruments;
- work with the novice and professional traders;
- the most efficient training;
- the most high-quality support.
In general, the idea of the founders was to create a world-class broker who can provide competitive services to customers from Europe, America, Canada and Europe. We, in our turn, will try to prove or disprove the bold statements of the company.
- Yield - 70% to 800%
- Reimbursement - up to 20%
- Minimum deposit - $200
- Minimum lot - $5
- Demo account - No
- Mobile version - No
- Education – Yes
Registration with the company is simple in the extreme. Just several standard forms, and the user can consider themselves a customer of the company. After filling in the personal data, you are redirected to another page that offers to top up your first deposit. The number of payment systems, as promised by Binarium, includes MasterCard, Visa, as well as WebMoney, Moneybookers and Skrill. In fact, they are the most used electronic payment systems in the civilized world. The procedure of refill does not require pre-verification of the account, and a couple of seconds after the replenishment the funds are credited to the trading account of the trader.
The well-known trading platform
The trading platform is like everyone has. Good or bad, but it is a trading platform developed by another broker named SpotOption. At the same time, it can’t be considered a drawback, since the platform itself is very nimble, intuitive, aesthetically attractive and contains a maximum of possible functional. Also, it is worth considering the fact that Binarium has made its best efforts to protect client trading by implementing the SSL security protocol.
First of all, let’s focus on disadvantages: the trading platform lacks even a scintilla of the ability to carry out technical analysis. Furthermore, quotes are only illustrated in form of a line chart.
At the same time, there are numerous advantages:
- instant response to the trader’s requests;
- striking intuitive usability;
- visual appeal;
- SSL security protocol;
- wide range of options and features;
- verified by many other companies.
Wide choice of financial instruments
Binarium offers its customers 83 financial assets. Of them, there are 7 products, 34 stocks, 15 currency pairs and 27 indices. Some brokerage companies offer more than 100 items. At the same time, the traders more often choose to trade only 2-3 assets, so the offer of a huge number of them can hardly be called an advantage. So, Binarium approached this issue carefully.
Numerous benefits and unique opportunities
The competitive market forces to adapt and come up with more and more attractive promotions. Financial services market is the very market dominated by the expression “Stronger, higher, bigger”. Binarium also followed this principle and defined a set of permanent additional proposals.
So, for example, Binarium was one of the first to introduce the service of full insurance of the limited number of deals. Thus, VIP and Premium clients are entitled to 3 deals, losses at which are fully covered by the broker (after execution of those 3 deals). What is the thing? Imagine you have USD 25,000 in your account. You divide it into 3 equal parts and enter the market to sell or to buy. With a yield of 75%, each deal can bring you $6,250. Would you play a win-win lottery game, where you will be reimbursed all your possible losses? At the same time, all the potential profit is yours. Of course you will, as it is an exceptional opportunity to double your deposit within 3 trading operations. What else is offered by the broker? Trading tournaments where the winner can earn up to USD 5,000 for absolutely free participation. To become a member of the tournament, you just need to top up your personal account for USD 300.
Ways of trading – options types
Binary options are just a simple prediction of the direction of the price movement during the period of expiry of the instrument. 1 point is enough to bring your deal to a profit.
60-seconds is trading not for the squeamish, because you can make deals with the frequency of 1 time per 1 minute. This option, like the previous way of trading, implements a simple rule of predicting the increase or decrease in the value of the trading asset. The profitability of this method is about 80%.
One-Touch is a more complicated way of trading. In this case, the trader must predict not only the direction of movement of the asset, but also a level that the price will reach. Profitability of such transactions is more than 500%.
Constructor is ideal for traders who want to build their own trading strategy. The proposed expiration of binary options doesn’t suit you? Then this is exactly what you need! In this mode, you can choose the lifetime of the transaction from 60 seconds to 4 months.
Education of traders
Binarium does not really pay much attention to education of traders. All the company offers is a free book on option trading. However, this book is enough to fully explain the main tenets and features of this type of financial activity.
Binarium support is really at the highest level and is there for you 24 hours a day, 7 days a week. At the moment, the service is carried out in 4 languages, including English, by the professional management consultants. Having the possibility to order a call back or ask questions in online chat, the clients can get answers to any question relating to the binary options trading on the company’s platform.
The service of withdrawal and refill with Binarium is implemented through Visa and MasterCard, as well as WebMoney and Moneybookers payment systems. At that, the currency is instantly credited to the trading account, and the withdrawal takes 3 days. Do not forget the basic rules of withdrawal! – The clients can receive profit from their account or withdraw their deposit funds only after verification of the account. To do this, you need to send the scanned copies of your passport to the support service.
What pros and cons does Binarium have?
The following advantages can be singled out:
- minimum deposit is USD 200;
- excellent hardware support of trading;
- communication with the trading server without interruption; - updated security of the trading process;
- wide selection of assets;
- time-tested platform;
- failsafe refill/withdrawal of deposit funds;
- availability of benefits and promotions;
- English-speaking online support;
- minimum deal is USD 10.
- Lack of ability to carry out technical analysis;
- Lack of qualified education.
Binarium is indeed one of the best operators of trading services in the market. The company’s strategy is facing the trader and makes the trading process more comfortable. Binarium is registered in the UK and distributes its services in the territory of Eastern Europe. Trading conditions and options types are not particularly different from the similar lists of other companies. However, the quality of their provision is up to the mark.