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Account Types
9.0Account Types
As with most binary options brokers, increasing levels of deposit will unlock additional features of the platform. As well as the live accounts, once you open an account, you will automatically be granted access to the demo platform with $1,000 of free virtual funds to use.
This demo account means that you can try out the platform without having to commit any of your funds to your practice trades. The demo account allows you to become accustomed to the platform and the various account types, which are:
Basic Account
For just $10, you can open a Basic account with Binarium. In return for this small deposit, you can place trades on any of the available assets with a minimum of $1, around the clock. Withdrawals will take five working days, but with all deposits, you automatically get access to $1,000 of virtual funds on the demo platform.
Premium Account
The most popular choice of account, a Premium account requires a deposit of $500. In exchange for this, as well as round the clock trading you also get withdrawals within three working days, a personal trader, individual trading tutorials and bespoke trading signals. A deposit match bonus is available at the entry level of $500 but capped at this level for all other accounts.
Business Account
The next level up is the Business account which requires a deposit of $5,000. In addition to the many benefits of the Basic and Premium accounts, you will also have access to a personal strategy and trading plan development. Although a higher deposit is required, the bonus is only available up to $500.
VIP Account
As with most brokers, there is often a VIP account which unlocks all of the trading features, and Binarium is no exclusion. With a deposit of $10,000, VIPs can enjoy all of the above plus a few added benefits including withdrawals upon request.
If you are a beginner and haven't traded before, then the Basic account gives you access to try out the platform without risking any more than $10 of your money. If you decide that you want to invest more, you can upgrade your account to a higher level at any time.
Deposits And Withdrawals
8.4Deposits And Withdrawals
You can deposit to your Binarium account using several methods. The most straightforward and most obvious is perhaps debit or credit card with both Visa and Mastercard accepted. E-wallets and bank transfers are also accepted. The minimum deposit requirement is $10. To make a withdrawal be careful to check how long it will take your funds to reach you.
Withdrawal times can range from immediate to 5 working days depending on the type of account that you have. Use the same method that you used to deposit to receive any funds, conversion or transaction fees may also be payable so watch out for them.
9.4Customer Support
Customer support is very accessible. There are many methods in which you can contact someone. For a start, there is the live chat function which appears in the bottom right-hand corner of the website on both desktop and mobile.
In addition to this, you can contact someone via mobile phone, Skype, email or telephone. You will also find a link to their Facebook page if you prefer a more public forum.
Here are the contact details for Binarium:
Email - support@binarium.com
Phone - +35 722 052 784
Address - Binarium Limited, Suite 305, Griffin Corporate Centre, P.O. Box1510, Beachmont, Kingstown, St. Vincent and the Grenadines
Conclusion
9.0Conclusion
In conclusion, Binarium seems to offer everything that both the new and experienced trader needs. From the types of accounts and options available to the mobile offering and bonuses, they tick all of the usual boxes.
While they don't have a CySEC or ASIC license, the fact that they have been operating for so long with a good name should be an indicator that they are trustworthy and reliable. If you want a broker that offers a good, all-around trading experience, then Binarium should make your shortlist.
