Binarium is an unregulated Russian broker operating outside Russia through legal entities in Cyprus and St. Vincent and the Grenadines, targeting consumers in Europe, North America and Asia. In December 2021, the Italian Consob ordered the blackout of Binarium‘s websites for Italian consumers. The boiler rooms operate with a Russian phone number and are located in Russia, Latvia and Ukraine. The Russian site can be reached through the domain www.binarlum.com. Stay away!
|Legal entity||Binarium Limited|
St. Vincent & The Grenadines
|Payment processors||Sky-Crypto, Itez, SticPay, WebMoney,|
Perfect Money, PayOp, AstroPay,
Binarium is actually a huge scam broker that has been operating for many years. Everything about it is a fake. The address in Moscow is a virtual office address. We have not found any Binarium Limited in the directory of the Financial Services Authority in St. Vincent & The Grenadines. There is also no office at the given address in Nicosia. Nevertheless, Binarium is active with numerous domains in many countries.
In the EU, the Spanish CNMV and the Italian Consob have issued warnings. Binarium has also been placed on warning lists in Russia and Ukraine. On Trustpilot, Binarium holds a 2-star rating with corresponding “Poor” trust level. Just stay far away.
If you have any information about Binarium, please share it with us via our whistleblower system, Whistle42.