Binarium is a binary options broker that is owned by Binarium Limited Cyprus. They are located at: 3 Omirou avenue, office 8, 1st floor, 1097 Nicosia, Cyprus. Their phone number in Cyprus is +357 22 052 784, and the contact email address is firstname.lastname@example.org, and for typical broker complaints read this.
Scam Trading Robots
Before using an automated trading software, you must realize that many are scams, learn why.
Like many binary option brokers, Binarium give their clients the SpotOption trading software. Investors can trading a variety of option types including; Limits, High Speed Trading, Pairs, One Touch, High Low and Spot Follow social trading. More than 100 underlying assets are available, include all the popular Forex pairs, commodities, metals, market indexes and stocks.
Limits is a new type of binary option which allows you to set the entry price of when your place the trade. For example; if you like trading reversals, you can set the entry price of when you want to buy the PUT option to profit on a pullback. The minimum trade size ranges from $1 to $25, depending on the type of option. Minimum deposit for a new account is $10.
Binarium is a broker that primarily caters to the Russian and Thailand markets and has recently expanded to European markets as well.
When the Scam Broker Investigator reviews and compares a binary options brokers, we check for a local license to see if they are a scam or a real broker. Many brokers are licensed in Cyprus by CySEC, or by ASIC in Australia. We always recommend that you deal with a regulated broker, and you can see all licensed brokers here.
During our review of Binarium, with did not find a license for them.
See the updated list of most popular binary option brokers, look here.
Australia ASIC Warning!
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
If you already have an account at Binarium, please share your feedback with new investors in the comments section below.