Binarium Broker Review
Binarium promotes itself as a binary options trading platform that’s been around since 2012, promising simplicity, fast payouts, and high returns (up to 90% profit per trade). However, behind this polished facade lies a web of deceit. Numerous complaints, blocked withdrawals, fake promises, and lack of regulation suggest Binarium operates more like a financial trap than a legitimate broker.
In this detailed review, we’ll break down why Binarium is widely considered a scam, what warning signs traders should be aware of, and which regulators have blacklisted this broker.
Licensing and Legal Status
Binarium claims to be operated by Binarium Limited, with addresses in Cyprus and Saint Vincent and the Grenadines. However:
- The Cyprus Securities and Exchange Commission (CySEC) has officially stated that Binarium is not licensed to offer investment services and has warned the public about this broker.
- Italy’s CONSOB, Spain’s CNMV, and the Central Bank of Russia have all blacklisted Binarium for operating illegally.
- Binarium’s claimed registration in Saint Vincent is meaningless — the local FSA has publicly stated that it does not regulate forex or binary options brokers.
- Binarium has no license from any respected regulatory authority (like FCA, ASIC, BaFin, etc.).
In short, Binarium is an unregulated offshore entity with no legal standing in any reputable financial jurisdiction.
Red Flags and Signs of a Scam
1. Blocked Withdrawals
The most common complaint: traders cannot withdraw their money. Once a user earns profit, the platform delays or denies withdrawals, citing:
- The need to “verify” the account (sometimes requesting paid verification).
- A “required turnover” condition (hidden terms tied to bonuses).
- Arbitrary fees, minimum balance thresholds, or even pre-withdrawal tax payments.
One user reported being asked to pay over 25,000 RUB in “fees” after making a profit, with threats that their account would be blocked otherwise.
2. Bonus Traps
Binarium aggressively offers deposit bonuses (e.g. 100% on your first deposit), but they come with undisclosed conditions, such as doubling your trading volume before any withdrawal is allowed. Many traders unknowingly accept these bonuses, only to find they’re locked in and cannot withdraw their funds.
3. Account Deletion and Bans
Multiple users report that their accounts were closed or deleted after profitable trades. Some even lost their entire deposits when accused of violating made-up rules. There’s no appeal process, and customer support is unhelpful or stops responding entirely.
4. Manipulated Platform
Many suspect that the trading charts are manipulated. Some traders claim they had 90% win rates at first (to build confidence), followed by a sudden streak of losses. Because the broker controls the platform and is not regulated, users cannot verify real market prices. You’re essentially betting against a rigged casino.
5. Aggressive “Account Managers”
Binarium employs high-pressure sales tactics. Users often receive unsolicited calls from “managers” pushing them to deposit more money or offering fake guarantees of success. These individuals may use flattery, fake trading signals, or even impersonate financial advisors to gain trust.
Website & Marketing Tactics
- Multiple Websites: Binarium operates dozens of domains, including binarium.com, binarium.trade, binarium.global, binarium.link, binarium.win, and even local versions like binariumthailand.com.
- Unrealistic Promises: Ads boast “90% profits in 60 seconds,” “10,000 USD demo account,” and “risk-free trading.”
- Bonus Baiting: New users are lured with deposit bonuses, contests, and promotions that are designed to lock them in and make withdrawal difficult.
- Fake Testimonials: Trustpilot and other review platforms are flooded with suspiciously positive reviews, often written in broken English or with repeated phrases. These are likely fake, meant to drown out the real complaints.
Target Victims
Binarium mainly targets:
- Russia and CIS countries – Most reviews and complaints come from Russian-speaking traders.
- Eastern Europe and Latin America – Due to weaker regulation in these regions.
- Southeast Asia – Promotional domains like binariumthailand.com indicate expansion into Thai-speaking markets.
Victims typically report being introduced to Binarium via Telegram, YouTube influencers, and “free signal” groups, where self-proclaimed gurus push the platform in exchange for affiliate commissions.
Regulatory Warnings
Binarium has been officially blacklisted by the following financial authorities:
- CySEC (Cyprus) – Not authorized to provide investment services.
- CNMV (Spain) – Unregistered financial firm.
- CONSOB (Italy) – Websites blocked for illegal investment services.
- Central Bank of Russia – Added to the warning list of illegal brokers.
- Ukrainian Securities Commission – Listed as a suspicious entity.
These warnings confirm that Binarium operates illegally in many jurisdictions and should be avoided at all costs.
Conclusion on Binarium
All evidence points to yes. Binarium exhibits all the classic signs of a binary options scam:
- No regulation
- Fake promises and unrealistic profits
- Bonus traps and withdrawal restrictions
- Reports of fraud, threats, and account closures
- High-pressure marketing and fake social proof
If you value your money, stay far away from Binarium. There are safer, regulated brokers that offer transparent trading conditions, fair fees, and real legal protection.
What to Do if You Were Scammed
If you deposited money with Binarium and cannot withdraw it:
- Contact your bank immediately to request a chargeback.
- Save all correspondence and proof of payment.
- Report the broker to your national financial regulator.
- Warn others by leaving public reviews and filing a complaint on forums and watchdog sites.
Pro Tip: Always check if a broker is regulated by a Tier-1 authority (FCA, ASIC, CySEC, BaFin, etc.) before you deposit money. If a broker offers too-good-to-be-true profits — it’s probably a scam.
