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Binarium: User Opinions & Reviews
If you are looking for opinions on the Binarium broker, you’ve come to the right place. In this article, we collect opinions about the broker to find out what users really think about this platform. We make every effort to ensure that the opinions are true. We regularly moderate comments that violate our standards and may be unfair. Below you will find the most important information about this broker.
| All You Need to Know about Binarium | ||
For Budget Traders  |
Binarium Details
Binarium is one of the oldest brokers currently available. The platform was established in 2012 and was one of the first to start offering binary options. Unfortunately, being a pioneer did not translate into the number of clients – over the past few years, many brokers have overtaken Binarium’s popularity. Currently, Binarium is on the wave again and convinces more and more traders. The broker recently refreshed its trading platform and lowered the minimum deposit to $ 5.
| Specifications | |
|---|---|
| Founded | 2012 |
| Regulation | None |
| Demo Account | Available |
| Min. Deposit | $5 |
| Min. Investment | $1 |
| Max. Investment | $1000 |
| Instruments | Binary Options |
| Assets | +150 |
| Availabe on: | Web, Android |
The big downside of Binarium is the lack of any regulation. The broker is registered in Saint Vincent and the Grenadines, and has branches in Cyprus, Ukraine, Lithuania and Russia. The head office in the Caribbean does not require the broker to have any regulations to operate legally. However, from the user’s perspective, it would be useful to have an authority supervising the broker’s activities.
Is Binarium Safe?
Despite the lack of sensible regulation, the broker has been on the market since 2012, which proves the credibility of this broker. What plaform would stay on the market for so many years that cheats people? If Binarium were not trustworthy, the relevant institutions would have closed this broker a long time ago. Binary options is a very difficult industry and the fact of staying in it since 2012 confirms the credibility of Binarium.
How Binarium make money?
Many brokers hate this question. Often brokers are unwilling to provide information or say they are earning a commission. Binarium, just like any other binary options broker, earns on clients’ losses. That’s the truth. Of course, it should be remembered that the broker is obliged to pay out money to earning traders. So the difference between profits and losses is the broker’s earnings. You may come to the conclusion that since the broker is making money from clients’ losses, it can manipulate the price so that earning traders lose. You are right, but you have to remember that reputation is important to brokers who have been operating for many years. Most traders are losing anyway, and the broker will make a profit anyway. Therefore, it makes no sense to compromise your reputation by manipulating the price.
Is Binarium a scam?
Absolutely not! Binarium has been operating on the market from the very beginning of the binary options industry. Currently, it is a niche broker, which convinces clients with a low minimum deposit and a modern transaction platform. In addition, Binarium is not on any list of alerts issued by every country in the world. Therefore, in our opinion, Binarium is not a scam.
Binarium – User Reviews
We come to the most important part of this article – user reviews. Below you will find comments from people who use Binarium. We care very much about credibility, which is why we place great emphasis on verification and moderating comments. Any comments describing features that are not on the platform will not be published. If you use Binarium, we encourage you to leave a comment – you will help many undecided people who wonder if Binarium is the right choice.
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