Wikilix
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Independent safety report

Is Binarium a scam?

Confirmed scamHIGH confidence
Unlicensed binary options operator, withdrawal denial

Yes. We assess Binarium as a scam and rate the risk of fraud as high. Binarium is an unlicensed binary options operation that takes deposits worldwide while holding no financial licence, and at least three national regulators have publicly flagged it.

  • No regulator anywhere licenses Binarium. It relies on an offshore company in Saint Vincent and the Grenadines, where the FSA does not license or supervise forex or binary options.
  • The Bank of Russia lists Binarium for 'signs of illegal professional securities market participant'; Italy's CONSOB ordered binarium.com blocked for Italian consumers; and Cyprus's CySEC warned the public that Binarium is not authorised.
  • Clients repeatedly report the same ending: accounts blocked after profitable trades, withdrawals refused, and balances confiscated, including one report of roughly 13 million roubles withheld.
  • The product is binary options, which regulators in the EU, UK and Australia have banned for retail investors because of their structural negative expected return.
  • Your money would sit with an offshore shell, with no compensation scheme and no realistic recourse if it is withheld.
Full broker profileOfficial site

Safety verdict

Critical risk
0%Scam risk
1.5/5Safety rating 1.5 out of 5
Wikilix safety rating
high
Confidence
At a glance
Proof of regulationNot found
Clone of another firmNo
TypeUnlicensed binary options operator, withdrawal denial
Evidence items10

Risk scorecard

Each area is scored 0 (clean) to 10 (worst). Higher means more risk.

Worst area: Critical
SeverityLowModerateHighCritical

Regulation

7/10 · High

No licence anywhere, and the broker is named on the Bank of Russia, CONSOB and CySEC warning lists; the Saint Vincent registration is not regulation.

Identity & transparency

6/10 · High

Two real Binarium Limited entities are named and the Cyprus one (HE 321566) is on the public register, but ownership is undisclosed and the business runs behind an offshore shell and hundreds of mirror domains.

Withdrawals & conduct

8/10 · Critical

A consistent fund-integrity pattern across platforms: accounts blocked after profits, withdrawals refused, and balances confiscated, including a report of about 13 million roubles.

Reputation

9/10 · Critical

Overwhelmingly negative, with a low Trustpilot score, scam findings from multiple watchdogs, and warnings from four national regulators.

Website claims

7/10 · High

Advertises 'fast withdrawals' within an hour while refused withdrawals dominate complaints, inflates live user stats, and reframes banned binary options as 'digital asset trading'.

Operational history

4/10 · Moderate

Genuinely long-running (domain 2008, brand since 2012), which lowers churn risk, but it sustains itself through a large network of block-evasion domains.

Who they are

A quick desk file on the company behind the brand.

  • Brand: Binarium
  • Legal entity: Binarium Limited (Saint Vincent and the Grenadines, registered office at Griffith Corporate Centre, Kingstown) and Binarium Limited (Cyprus, Reg. No. HE 321566, Nicosia)
  • Registered: Offshore in Saint Vincent and the Grenadines; day-to-day operations administered from Nicosia, Cyprus
  • Website: binarium.com, one of several hundred mirror and alias domains the operation uses
  • Only licence: None. The broker holds no financial licence and cites only compliance with Saint Vincent and the Grenadines law, which does not regulate this activity
  • Offers: Binary options / fixed-time 'digital options' trading, presented as 'digital asset trading', with a 100% first-deposit bonus and card and crypto funding
  • Not accepted: United States, European Union, United Kingdom, Canada
  • Age claim: The site states copyright from 2012; the binarium.com domain was registered in 2008
Cyprus Registrar of Companies record confirming Binarium Limited, registration number HE 321566, in Nicosia.
Binarium home page promoting a 100% deposit bonus and 'fast withdrawals', with the risk disclosure naming its offshore and Cyprus entities.

Regulation

Who really oversees this broker, and what each licence is worth to you.

No proof found

Proof of regulation on an official register: No

We could not confirm this broker on any genuine regulator’s register.

Licences the broker publishes

Saint Vincent and the Grenadines (company registration)

VerifiedNot a forex licenceOffshore
An offshore company registration (IBC), not a financial licence. The Saint Vincent and the Grenadines FSA has publicly stated it does not license, regulate or supervise forex or binary options businesses.
Protection: None. No regulatory supervision and no compensation scheme.
Bank of Russia warning list entry for Binarium Ltd, flagging signs of illegal securities-market activity and listing binarium.com among its domains.

Why we reached this verdict

How the evidence adds up.

We reached a scam assessment because the most authoritative sources all point the same way, and the broker holds nothing to offset them.

  • Three regulators have flagged it. The Bank of Russia lists Binarium Ltd for signs of illegal securities-market activity, Italy's CONSOB ordered binarium.com blocked, and Cyprus's CySEC warned that Binarium is not authorised. Each names the binarium.com domain directly.
  • No licence exists anywhere. The site relies on an offshore company in Saint Vincent and the Grenadines, a place that does not license or supervise this activity, and it names a Cyprus company (HE 321566) that CySEC has publicly disowned.
  • Clients report the same ending. Accounts blocked after a profit, withdrawals refused, balances 'adjusted' or confiscated. One trader describes roughly 13 million roubles withheld on a card-policy pretext.
  • The product itself is high risk. Binary options are banned for retail investors in the EU, UK and Australia, and Binarium markets them as 'digital asset trading'.
  • The infrastructure fits evasion. Regulators list several hundred Binarium mirror domains, the signature of an operation that keeps moving to stay reachable after its sites are blocked.

Note on operating history: the 18.2-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.

Evidence ledger

Every finding, with its source and how strongly it points.

8 against0 in favour

  • E1Russia's central bank lists Binarium Ltd (binarium.com first among several hundred domains) for 'signs of illegal professional securities market participant', added 1 June 2021 and still maintained.

    Hard proofBank of Russia warning list

  • E2Cyprus's CySEC warned on 2 May 2022 that Binarium Ltd (Reg. No. HE 321566) and the websites binarium.com, binarium.link, binarium.click, binarium.global, binarium.trading and binarium.trade are not authorised to provide investment services.

    Hard proofCySEC (Cyprus Securities and Exchange Commission)

  • E3Italy's CONSOB ordered Binarium Limited (www.binarium.com, binarium.global, binarium.trading) blocked for Italian consumers on 23 December 2021.

    Hard proofCONSOB (Italy), via FX News Group

  • E4Trustpilot rating about 2.0 of 5 across 29 reviews with 86% one-star; recurring reports of accounts blocked after profitable trades, withdrawals refused, and balances confiscated, including one of about 13 million roubles and another of over 1,000 euros not returned.

    StrongTrustpilot

  • E5Binarium holds no financial licence; its own site cites only compliance with Saint Vincent and the Grenadines law, a jurisdiction whose FSA has publicly stated it does not license or supervise forex or binary options businesses.

    StrongBinarium website (binarium.com)

  • E6The Bank of Russia entry lists several hundred Binarium mirror domains, alias sites and messaging channels, consistent with an operation that spins up new sites to stay reachable after access blocks.

    ModerateBank of Russia warning list

  • E7The Cyprus entity Binarium Limited (HE 321566) is a real company on the public register but is behind on its statutory filings (a reminder letter has been issued).

    ModerateCyprus Department of Registrar of Companies

  • E8The home page advertises 'fast withdrawals' processed within an hour and large live-usage figures, while the dominant client complaint is blocked or refused withdrawals; it also reframes binary options as 'digital asset trading'.

    ModerateBinarium website (binarium.com)

  • E9Binary options, the product Binarium sells, have been banned for retail investors in the EU (ESMA, 2018), the UK (FCA, 2019) and Australia because of their complexity and structural negative expected return.

    ModerateESMA and FCA retail binary options prohibitions

  • E10binarium.com was registered on 28 July 2008 and the site claims copyright from 2012, so the operation is long established rather than new; longevity here coincides with years of regulator warnings rather than a clean record.

    WeakRDAP (Verisign) domain record
Coverage of the Cyprus regulator CySEC's warning that Binarium Ltd (HE 321566) and binarium.com are not authorised to provide investment services.
Report of Italy's CONSOB ordering binarium.com and related Binarium domains blocked for Italian consumers in December 2021.

The other side

The strongest case in this broker’s favour.

In fairness, a few points cut the other way, and we weighed them.

  • Binarium is long established. The brand dates to 2012 and the domain to 2008, so this is not a throwaway site set up last month.
  • It does name real legal entities, including a genuine Cyprus company (HE 321566) confirmed on the public register, rather than hiding behind no entity at all.
  • The company replies to most negative reviews and points to its terms, so some disputes may reflect bonus conditions or document checks rather than outright theft.
  • Some one-star reviews online are planted by rivals, so we leaned on the regulator records, not review volume, for the core finding.

None of this outweighs three regulator warnings, the absence of any licence, and a repeated pattern of funds not coming back.

What would change this

What we would need to see to revise the verdict.

We would revisit this assessment if the facts changed in these specific ways.

  • Binarium obtains, and we can confirm on a regulator's own register, a real licence from a recognised authority that covers taking retail client deposits.
  • The Bank of Russia, CONSOB and CySEC withdraw their warnings against Binarium and its domains.
  • A sustained, verifiable record of clients receiving full withdrawals on request replaces the current pattern of blocked accounts and refused payouts.

Check it yourself

Official registers and warning lists. Verify every claim first-hand.

5 sources

Bank of Russia warning list entry (Binarium Ltd)

Russia's central bank flags Binarium for signs of illegal securities activity and lists binarium.com.

Cyprus Registrar of Companies, Binarium Limited (HE 321566)

Confirms the Cyprus entity exists and is behind on filings; a company registration, not a licence.

CySEC public warning naming Binarium (reported)

Cyprus regulator's May 2022 warning naming binarium.com and HE 321566 as not authorised.

CONSOB block order including binarium.com (reported)

Italy ordered binarium.com and related domains blocked for Italian consumers in December 2021.

Binarium reviews on Trustpilot

Client reviews, dominated by withdrawal-refusal and account-blocking complaints.

Frequently asked questions

Quick answers about this broker’s safety.

12 questions
Is Binarium a scam?

We assess Binarium as a scam. It is unlicensed, several national regulators have warned against it, and clients repeatedly report blocked accounts and refused withdrawals. Treat it as high risk and do not deposit.

Is Binarium a fraud?

We assess the risk of fraud as high. We found no financial licence, warnings from the Bank of Russia, Italy's CONSOB and Cyprus's CySEC, and a consistent pattern of withheld funds. No court has ruled, but the evidence points one way.

Is Binarium regulated?

No. Binarium holds no financial licence. It relies on an offshore company in Saint Vincent and the Grenadines, whose FSA does not license or supervise forex or binary options, and a Cyprus company that CySEC has publicly disowned.

Can I withdraw my money from Binarium?

Many clients say they cannot. The most common complaint is accounts being blocked after profitable trades and withdrawals refused or reversed, often after a verification or policy excuse.

Is my money safe with Binarium?

There is no regulator and no compensation scheme behind Binarium, so if funds are withheld there is little realistic recourse. We would not consider deposits safe.

Who owns Binarium?

The site names two companies called Binarium Limited, one in Saint Vincent and the Grenadines and one in Cyprus (HE 321566). The people who ultimately own and control it are not disclosed on the site.

How old is Binarium?

The brand dates itself to 2012 and the binarium.com domain was registered in 2008. It is a long-running operation, which does not make it safe given the regulator warnings against it.

What is Binarium's Saint Vincent registration worth?

Very little for your protection. It is an offshore company registration, not a financial licence, and that jurisdiction does not license or supervise this kind of business.

Is Binarium a clone of another company?

No. Binarium trades under its own name and entities and is not impersonating a regulated firm. It is still unlicensed and warned against by multiple regulators.

Are binary options legal?

Binary options are banned for retail investors in the EU, the UK and Australia because of their structure and expected negative return. Binarium says it does not accept clients from those regions.

What should I do if I was scammed by Binarium?

Stop depositing immediately. If you paid by card, ask your bank about a chargeback; if you paid by crypto, keep the wallet addresses. Report it to your national financial regulator and the police, and do not pay any fee to 'release' your funds.

What should I check before depositing with any broker?

Confirm a real licence on the regulator's own register, search independent reviews for withdrawal complaints, and be cautious of large bonuses, crypto-only funding and guaranteed-profit talk.

What we recommend

The practical takeaway from everything above.

Our advice

Our advice to anyone considering or already using Binarium.

  • Do not deposit. If you are weighing it up, choose a broker licensed by a recognised regulator instead.
  • If you already have a balance, request a withdrawal now and keep screenshots of every request, chat and transaction.
  • If a withdrawal is refused or your account is blocked, do not pay any further 'fee', 'tax' or 'verification' charge to release funds. That request is itself a warning sign.
  • If you paid by card, ask your bank about a chargeback; if you paid by crypto, preserve the wallet addresses. Report the matter to your national financial regulator and police.

This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 2, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.

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