Binarium fees and costs for investors
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Binarium is one of the best binary options brokers of all time. It helps the traders with ideal tools to implement the best form of trading binary options. Under this broker platform, you need to predict the price movement based upon the fluctuations of any particular asset.
Binarium is one of the first broker platforms for Binary Options in CIS countries and Russia. Therefore, it has vast experience within the trading industry. The company did put a lot of collective effort into improvising the platform’s interface. It is to make it easy for the customers to leverage binary options trading over the platform.
The pay-outs are high, and the deposit minimum is less, starting at $5. Moreover, there is a special bonus for a select amount of deposits over different account types of Binarium. These deposits are great motivation for traders to earn more without even spending their funds.
This article will help you to understand the use of the platform better and guide you with the core details of Binarium fees and costs for investors. Furthermore, knowing the fees and costs, you have to bear upon using this platform will help you calculate your investment to profit ratio. Hence, you can decide upon whether to invest in this platform or not.
Account Types and Their Minimum Deposits Over Binarium
The minimum deposit amount is decided based on the type of account you pick to sign up for Binarium. Different account types over Binarium come with different potential. However, the policy of Binarium is the same as that of any other binary options broker! The more amount you deposit; the more benefits or perks will open up for you!
Irrespective of the account type you choose, you will get access to a demo account with virtual funds of $10000. You can use these funds to practice binary options trading and to get used to the interface.
To understand the minimum deposit amount and the other additional perks associated with it, you need to get an idea of the different account types. The account types include:
#1 Start Account
Start Account is a basic beginner’s account with a minimum deposit of $5. Even though the deposit is minimal, you still get access to trade on any available assets over the broker’s platform. With this account, you can withdraw a maximum of $250 earnings within 24 hours. And the withdrawal process takes up to 5 business days.
You get no bonuses upon your minimum deposit of $5 over this account, and there is no chance of trade backs with this account. In addition, you get only one withdrawal request per day with this account. So, consider using it accordingly!
#2 Standard Account
A standard account is yet another type for beginners who intend to start with nominal deposits. Under this account type, you need to deposit a minimum of $100. The maximum withdrawal amount within 24 hours for this account type is $250.
The Standard account type comes with an additional deposit bonus of 5%. It means that the amount you deposit between $100 to $499 will get a bonus of 5% upon it. Moreover, you also get a 5% trade back and are open to putting up withdrawal requests every day.
#3 Business Account
It is one of the premium account types of Binarium, which is the most preferable one amongst the traders. To sign-up for this account, you need to pay a Binarium deposit of $500. After that, you can trade throughout the day over the business days. The maximum amount that you can withdraw in a day is $1000.
The withdrawal requests will also process within just 3 days. You will get a 10% bonus upon the deposits you make in between $500 to $1999. The trade-back potential is 10% with this account type. You get a standard trading room with this account type and can put up 5 withdrawal requests every day.
You get a personal trader, trading guides, and trading signals to help you maximize your profits upon binary options trading. The minimum deposit for this account type is high, as it is offering a plethora of features and services to streamline your trading experience.
#4 Premium Account
Now, this is the absolute premium account for traders who want to start big and are confident in winning profits. To join this account type, you need to make a minimum deposit of $2000. Apart from that, you also get to withdraw a maximum of $5000 every day.
You get an additional deposit bonus of 15% over the premium account type. The more you deposit, the higher will be the bonus earnings. You will get a 15% deposit bonus for up to a deposit of $4999. You get a trade back of 12.5% and gain access to the premium trading room.
You can raise 20 withdrawal requests per day with this account type. Along with all of the other basic, standard, and business account features, the premium account type also gives you access to personal sales and strategic plan development. In addition, the withdrawal process takes just one day!
#5 VIP Account
The most extraordinary account for the traders over Binarium is the VIP account. As the name suggests, this account has all the features to make you feel like a VIP trader. Opening up a VIP account will open up all of the features over the Binarium trading platform.
The minimum deposit to gain access to the VIP account is $5000. There is no limit on the amount that you can withdraw each day. Apart from that, you get around 20% of bonus upon your deposits. Any deposit that you do over $5000 will give a 20% bonus deposit.
You get a trade back of 15% and access to the premium trading room of Binarium. But, again, there is no limit upon how many withdrawal requests you put up throughout the day. Hence, this is what a VIP account means to offer!
Some other features of this account type include one-hour withdrawal and all of the other accounts’ benefits.
Hence, these are the account types with the minimum deposits you need to make to start your trading journey with Binarium. And you can start trading with a minimum of $1. If you are a beginner, you can start with a minimum deposit and start trading to learn the process first.
You can upgrade to a higher account type at any time. Moreover, you can take your deposit bonus up to 150% by using the bonus codes available on the website.
Fees Charged by Binarium for Binary Options Trading
You need not pay any fees for deposits or withdrawals over the platform. The deposits are instant with electronic payment methods, and the withdrawal time depends upon the account type you chose!
Binarium does not assure wavier of fees charged by third-party payment methods or providers. Moreover, you are not mandatorily forced to deposit your real money right away after logging in to Binarium. Instead, you can use the demo account with virtual funds to practice binary options trading and utilize the strategies before investing real money.
If you have any queries related to the deposit or withdrawal of money from the Binarium account, you can always reach out to the customer support team. They are available for your support throughout 24 hours on all business days. In addition, they offer support through email, Skype, call, chat, and telephone.
For international traders, the customer support team has different language professionals as well! You will find the contact information on their website. If you find any unnecessary deductions from your account, you can always get an insight into the matter.
Payment Options Available over the Platform
Some of the deposit and withdrawal payment options available with Binarium are as follows:
- You can use VISA/MasterCard Credit and Debit Cards. The credit cards often charge a fee upon withdrawal transactions that are not within reach of Binarium to wave off.
- Use Neteller for seamless deposits and withdrawals.
- Wire Transfer
- Cryptocurrency payment
- Yandex Money
- UnionPay for China, and others.
So, the Binarium fees and costs for investors are pretty much transparent by now. The costs are in the face of deposits, and the platform charges no such fees for its services. So, it is pretty much clear that you need to choose the account type you want to own, depending upon your budget and the features you want to invest in.
Count on your experience upon trading to decide whether to go with big blows or small steps. If you are new to binary options trading, it is better to start low and upgrade later. It is to lower the risk factor right from the start of your trading. When you gain confidence in your strategies and have won enough to increase the trading volume and amount, upgrade your account and increase the deposit!