Optionarium is a new unlicensed binary options broker that opened in 2017. They are owned by Rusty Flower Ltd which is located in Seychelles, and they have a contact address 1 Burwood Place, London, W2 2UT, United Kingdom.
Listed phone number for this broker is in United Kingdom: +44 203 808 4480. Their payments provider is Fibonatix (Europe). For trader complaints you should read this.
Optionarium offers their traders a unique trading platform for binary options. The software offers a variety of binary options on underlying assets in all categories including Forex, Commodities, Market Indexes and Stocks. It took some time to get used to the way you can change the expiry time on the binary options. The standard option shown is one with a short term expiration, although they have expiry times of end of day and end of month. Payouts ranged from 60% to 80% depending on the asset and timing.
You can test out their trading platform with a free demo account. The minimum deposit for a trading account is $100.
The biggest source of complaints we receive from binary option investors is withdrawal problems at their broker because of a bonus attached to their account. You can read more here.
At Optionarium, when we tried to make a deposit, they automatically assigned us bonus money. The requirements to withdrawal you deposit when you have a bonus is you must first do 35 times trading volume.
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A license is the first item we check for when we review a new binary options broker to determine if they are a scam broker or a legitimate broker is simple. We want to know if they are regulated by the United States CFTC, or if they have a license from CySEC in Europe.
Optionarium does not have a license.
One of the main reasons people trade at licensed brokers is because they know their funds are secure, and they have someone to complain too if there is a problem. For an updated list of licensed brokers, go here.
On October 26th 2015, FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here.
There are 100’s of binary option brokers to choose from, first look at the Best Broker list.
Nadex.com (read review) is the only regulated binary options exchange in America. They have an advanced trading platform with potential returns of 500%. Visit Nadex.com and get your free $25,000 demo account.
What was your experience trading at Optionarium? Please share your review in the comments below.