Binarium binary broker review: analysis of operations, reviews
**Binarium Binary Broker Review: Work Analysis, Reviews**
Company experience on the market is not always a guarantee of its reliability. That is why it is important to carefully study information about the broker before making a decision to cooperate. Today we will review the binary broker Binarium, about which there are different opinions on the internet. Some traders express positive reviews about this company, while others actively warn about possible fraudulent schemes.
Information about Binarium Limited Company
The binary broker Binarium Limited, according to its legend, started its operations in 2012 and is part of the Binarium Limited brand. Registered in Cyprus under number HE321566, the company lists its office address on the official website binarium.com: Office 02, 9 KAPPADOKIAS, DASOUPOLI, 2028, NICOSIA, CYPRUS.
In addition, Binarium has offices in Saint Vincent and the Grenadines, Riga (Latvia), and Kiev (Ukraine). The official website does not list office addresses in other countries, which may raise doubts about the accuracy of this information.
It is important to note that Binarium intermediary lacks a license for financial activities, meaning that the offered binary options trading is illegal. This can lead to high risks for traders, and opening an account on the binarium.com platform may result in financial loss. It is also worth remembering that binary options are recognized as a financial instrument exclusively in the USA (Illinois), where only one licensed broker operates – NADEX (document issued by NFA).
Although Binarium ranks in various ratings and holds high positions, there are a significant number of reviews with a negative tone. Some users complain about the broker canceling trades and making unfounded accusations of violating the user agreement. It is important to consider that disputes are resolved in accordance with Cypriot law, which may create problems for Russian traders, leaving them without proper protection.
Binarium Contact Information
Many traders complain about the quality of Binarium’s customer support. Inquiries, especially regarding financial matters, may be ignored regardless of the communication channel used: online chat, Skype: binarium.ru, email address: support@binarium.com, or phone: +7 (499) 703-35-81.
Registration on the Binarium Website: Account Creation Procedure
To become a Binarium client, several registration steps are required. From filling out an electronic form with email, password, and account currency to providing personal data in the second part of the form: full name, phone number. After that, confirmation of the account registration using the link from the company’s email. Despite some complexity in the registration process, traders do not encounter problems creating a personal account, but account verification is necessary to withdraw funds from the platform.
It is important to pay attention to the company’s legal documents. On a binary broker operating since 2012 and having a Russian version of the website, the user agreement is presented only in English, which complicates understanding Binarium’s rules. This may be done intentionally to conceal unfavorable conditions that are usually disadvantageous to clients.
Binarium Trading Conditions: Account Types Overview
Binarium offers various account types, starting from the starter with a deposit of $5 to VIP with a required deposit of $5,000. Each account type has its features, including the minimum option bet, the allowed number of applications, and the tradeback percentage.
It is important to remember that trading binary options always carries certain risks, especially when working with an unreliable broker, which can further increase the risk of financial loss.
Binarium Ex-Clients Reviews: Opinions Overview
There are numerous reviews about the work of the binary broker Binarium on the internet. The majority of users express dissatisfaction with cooperation with this company, noting the loss of large sums due to fraudulent activities.
In conclusion, it is important to emphasize that the decision to cooperate with Binarium should be made with caution. Having a license is one of the key points when choosing a broker. Additionally, it is important to carefully study the terms of cooperation and reviews of other traders to avoid potential risks and losses.
I am dissatisfied with the operations of the Binarium binary broker as the analysis and reviews have shown inconsistencies and unreliability in their services.