Binarium – Info in 2020, review and forum, alternatives

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Binarium

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Binarium Review

Binarium

Broker Binarium
US Traders Accepted
Company Name Binarium Ltd.
Headquarters Kingstown, St. Vincent and the Grenadines
Regulation No
Bonus Type Deposit bonus
Bonus Size 100%
Max Payout 90%
Out-of-Money Reward 0%
Trading Platform SpotOption
Deposit Options Credit/debit cards,, QIWI, Neteller, WebMoney, Mobile Commerce, Yandex.Money, Bitcoin, UnionPay
Deposit Currencies US dollar, Russian ruble, and euro
Minimum Deposit $10
Minimum Trade $1
Maximum Trade $1,000
Online Since 2020
Trading Instruments Currencies, commodities, equities, indices, bitcoin
Number of Trading Instruments 83
Binary Option Types Pairs, Turbo Options, One-Touch, Limits
Customer Support Types 24/7 online chat, phone, email, and Skype
Education Offered Webinars, one-on-one training sessions, trading school, and tutorials
Tools Offered Economic calendar and market news
Commission The maximum amount for a single withdrawal transaction is RUB15,000 or $250/€250.
Languages English, Russian, German, Turkish, Italian, Polish
Demo Account Unrestricted

Binarium is an established BO broker who primarily caters to Russian traders. They are headquartered in St. Vincent and Grenadines and is not regulated by any financial authority. Their system offers a website in four languages and is not open to traders in the United States; residents of Israel and Ukraine are also not accepted. Right now their platform is strictly web-based. Binarium uses the SpotOption trading platform which is becoming one of the most popular choices by binary options brokers. They have over 80 assets that a user can choose to trade and offer a variety of educational resources that can be useful for beginners.

Getting Started

Binarium makes it very easy to create an account and start trading right away. To create an account, simply fill out their registration form. Only your name and email are initially required to open an account. After verifying your account with your email, you can then deposit money into your account and start trading. One big advantage is that there is a completely unrestricted demo account that is currently offered to new traders. This is a great tool for those who just want to test out the platform and see if it is a right fit for them. Moreover, the minimum deposit to start trading is only ten dollars so you could test out the system without investing much at first. Let’s next look at the various account types to help you consider which might be the best match for you.

Account Types

There are four main account types that a person can choose when getting started with this binary options broker. The first account that they offer is labeled their “basic” account. This requires a minimum of ten dollars to open but the resources you get with this account are very limited. It is important to mention that withdrawals using this account type can take up to five working days. The next account type is their “premium” account. This is marked as their most popular choice. With this option, a trader can withdraw money from their account within three days, get a personal trader, have personal trading signals, and have the ability to copy trade during the first week. The premium account costs $500 to open. The next type is their “business” account. This requires at least a $2,000 deposit. This account includes all of the features of the “premium” account along with the development of a personal trading strategy and more in-depth market analysis. Withdrawal time with this account is within one working day. Lastly, their highest account is the “VIP”. A user can attain this account with a deposit of $10,000 or more. With this, you get the great features of all the accounts combined and have access to instant withdrawals.

Depositing and Withdrawing

Like most binary option brokers, depositing money with this service is made very easy to do. Traders can add money to their account using credit or debit cards such as Visa and MasterCard. There is also the ability to deposit through online applications such as QIWI, Yandex.Money, WebMoney, Neteller, Chinese UnionPay, Mobile Commerce, and Bitcoin. The minimum deposit amount is only $10 dollars. Once a person deposits money into their account, the funds are made available to trade from instantly.

To withdrawal money, a trader needs to submit a request for withdrawal of funds. Once this is done, you must wait for Binarium to confirm the request. As mentioned earlier, depending on what account type you have this process varies anywhere between one and five days. However, once the request is confirmed, the withdrawals will be processed right away. The minimum that can be taken out is five dollars. There is no fee to withdraw money and can be done in any of the same methods that are used to deposit funds. The only options available for withdrawal are a credit/debit card, Qiwi, Yandex.Money, and WebMoney.

Trading Platform

The service uses the SpotOption trading platform, which is kind of a standard platform for binary option brokers. The platform’s interface itself is simple and easy-to-use. Both candlestick and line charts are available to view, the underlying asset’s price is clearly shown, and the expiration times are displayed. The major downside to this platform is because so many brokers use it, there is really no unique features to it. If you are looking for a feature-rich platform, this is not for you. But overall, the platform performs as you would expect and has the basic functionality of a typical binary options broker service.

Educational Resources

There is a decent amount of educational resources that are offered through Binarium’s website. They have a free “lessons” page that offers information on the different types of options and ways to trade them. There are also video lessons that explain some basic trading strategies can be used and help explain how to read the markets. Along with this, there is an updated economic calendar, a list of assets currently available to trade on the platform, and live market news. This information could be helpful for both beginner traders as well as more advanced traders. Furthermore, there are tutorials on how to use the trading platform itself and gives very useful information to start trading right away.

Best Binary Options Brokers 2020:
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    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

Conclusion

Overall, Binarium has all the features and resources that are becoming standard for binary options brokers. They use a trading platform that is easy to understand and registering with them is a straightforward process. They offer many ways to deposit and withdraw from accounts and do not charge any fees to do so. They offer many different account types to match many different kinds of traders. Even more, they have educational resources that may be useful to many people. The largest advantage of this broker is that they offer a free demo account. An important downside to them is that they are not available to traders within the United States, Ukraine, and Israel. However, they are still a broker that should be considered, especially for people in Russia.

All 16 of the Best Quicken Alternatives in 2020 (Rated & Reviewed)

Jim Wang
Updated February 26, 2020
Some links below are from our sponsors. Here’s how we make money.

If you’re looking to replace Quicken, you’re in the right place.

For years, Quicken was the best personal finance budgeting and bill management package available. The only “downside” was that it cost money.

But over the years, other companies have built their packages from the ground up and use far newer codebases. They use technology that runs faster, connects with other financial companies better, and just has fewer issues doing regular tasks. And many are free.

With software, you want it to work. You want to handle your business and not have to fight with the software to get it to work.

But let’s accept reality – Quicken breaks a lot. It doesn’t sync your accounts randomly, you have password problems, screens that should appear are blank, and it’s just not a great experience anymore. Sometimes it feels like they’re just getting you to buy the newer version, right?

The bottom line:

If you’re tired of Quicken, its support and sync issues, and want a suitable free alternative or replacement – we have some options.

Here are some of the best Quicken alternatives available:

Our Favorite Picks

16 Best Quicken Alternatives:

  1. Personal Capital – free financial dashboard and wealth planner
  2. Tiller – spreadsheet automation for full customization
  3. You Need a Budget – best in class budgeting tool & mindset
  4. CountAbout – can import data from Quicken
  5. Pocketsmith – a budget planner, calendar, and projector
  6. Mint – ad-supported budgeting tool
  7. Banktivity – native Mac application
  8. MoneyDance – not cloud-based
  9. EveryDollar – follows Dave Ramsey’s Baby Steps
  10. GoodBudget – follows envelope budgeting method
  11. GnuCash – open-source and free
  12. DollarBird – date & calendar based budgeting
  13. MoneyWiz – freemium app with cryptocurrency support
  14. PocketGuard – freemium budgeting focused app
  15. Wally – completely free budgeting app
  16. HomeBudget – beautiful color-coded budgeting app

Personal Capital

If you’re a long time user of Quicken, you’re beyond the “help me build my budget” phase.

If you’re interested in how your investment account is performing and whether you can retire (and less interested in just knowing how much you’re spending on groceries), Personal Capital is a great Quicken alternative that does all that. (it’ll also pull your credit card transactions so you will know how much you spent on groceries if you want!).

Personal Capital is a full-featured, free, personal finance management tool that does the basics of managing your finances but it also helps you build wealth and track your progress.

You can access Personal Capital through a web browser or with an app on your phone. The service is free because they also offer wealth management (optional, you can just use the tools) and those fees help pay for the upkeep of the tools. This also means you won’t be inundated with advertisements like the ad-supported tools. You can read my full review of Personal Capital.

Why it is a good alternative to Quicken: It’s better than Quicken because it’s updated, has a rich set of tools for investment and retirement, and it has a budget and expense tracking component. It’s a website and not a software application, so there’s no software to download and patch or update (ugh) – that’s all done automatically.

I am a fan of their retirement planner, a tool that helps you project your future financial needs and whether you’ll get there. It’s worth checking out.

One other vote of confidence for this Quicken replacement is their CEO – Bill Harris. He was formerly the CEO of Intuit and PayPal. Intuit used to own Quicken so you know he has the leadership skills and the ability to lead teams to build financial systems that are top-notch (the rest of the leadership team is very impressive in their own right!).

What could be better? The budget and expense tracking are good but it’s not as old as Quicken so they aren’t as complex. You can’t, for example, manage your bill pay through Personal Capital. I don’t find it to be a negative because it works for me, but people with really complicated budgets may find it limiting.

(since you access it with a browser, it is compatible with Mac OS!)

Tiller

One of the most popular personal finance tools out there is a little software application known as Microsoft Excel.

People love spreadsheets. (I love spreadsheets!)

You can customize it, tweak it, and get it tailored to exactly what you need. The only downside to spreadsheets is how you need to pull the data yourself… and who wants to do that? Quicken was great back in the day when there weren’t nearly as many sync issues because it pulled the data for you.

There’s a solution:

Welcome Tiller – a $4.92 a month service (after a free 30 day trial) – that pulls your data for you and puts it into a Google Sheets or Microsoft Excel document.

You can start with one of their free templates or build your own, but after the initial work, you’ll have a fully automated spreadsheet tailored to what you need. You can use this to track your net worth, set a budget, or anything else you can imagine. (see our review of Tiller)

Why it is better than Quicken: Quicken is now cloud-based so if you want to avoid putting your data into the cloud, going with a spreadsheet is your best option. Tiller makes it possible for you to get automation AND keep your data locally.

You Need a Budget (YNAB)

You Need a Budget is one of the best budgeting software tools available.

Think of it like Mint with a personality and a philosophy.

YNAB’s philosophy revolves around four rules:

  1. Give Every Dollar a Job
  2. Embrace Your True Expenses
  3. Roll With The Punches
  4. Age Your Money

Those four pillars form the foundation for a budgeting app that has helped many people transform their financial lives.

If you’re looking to transition to a financial tool that will help you (as in help you make the change, not just record expenses), you should take a look at YNAB.

Why it is better than Quicken: Quicken only tracks your budget, YNAB does that AND helps you build a budget that meets the demands of your life and your savings needs. If you want to change the way you budget, while still tracking it, YNAB is your solution.

YNAB is not an entire personal finance management suite – it focuses on budgeting and only budgeting. You won’t get investment tools, retirement planning, or wealth management. It’s strictly about building, maintaining, and transitioning into the budget you want.

CountAbout

The founders built CountAbout to be a Quicken alternative. Founded in mid-2020, it is one of the only personal finance apps that will import data from Quicken (and Mint!). If you’re looking to transition away from Quicken but worry about losing all your data, you can feed it your Quicken file and it’ll populate itself. That’ll make the transition far less painful!

Like Quicken, CountAbout isn’t free but it costs $9.99 for the Basic subscription and $39.99 for Premium subscription. The Premium subscription includes automatic transaction downloads. A subscription model means you have complete data privacy and you won’t get annoying ads like with Mint.

Why is it a good alternative to Quicken? CountAbout has a lot of similar features to Quicken’s: split transactions, recurring transactions, attachments, budgeting and more.

CountAbout is web-based, with multi-factor account security, so you don’t have to download a program onto your computer, and there’s no need to deal with unwieldy syncing issues – all you need is a web browser. And with CountAbout’s iOS and Android apps, your financial information is always at your fingertips.

Check out the key features (reminds me a lot of Quicken):

  • Imports data from Quicken and Mint
  • Thousands of financial institutions
  • Multi-factor login protection
  • Android and iOS apps
  • Category customization (add, delete, rename)
  • Tags (add, delete, rename)
  • Reporting for Account balances
  • Reporting for Category activity
  • Reporting for Tag activity
  • Report exporting
  • Attachments
  • Individual Account QIF importing
  • Budgeting
  • Running register balances
  • Account reconciliation
  • Graphs for Income & Spending
  • Recurring transactions
  • Investment balances by Institution
  • Memorized transactions
  • Split transactions
  • Description renaming
  • Invoicing

Pocketsmith

Pocketsmith is a freemium budgeting tool that uses calendars and the concept of “event-based budgeting.” Being calendar based means that rather than viewing your transactions as merely a long list of transactions, the calendar helps you understand when those transactions are happening and if they are doing so on a regular basis. This helps inform you about your spending and one of the more visual ways, when compared to others on this list.

It’s freemium with the Basic option giving you 12 budgets, 2 accounts, and the ability to project 6 months into the future. If you upgrade to the Premium level, which is $9.95 per month or $7.50 when you pay annually, then you get automatic transaction importing (you can still do it manually if you wish) as well as categorization of spending. You also get unlimited accounts and projection out to ten years. The Super, which is $19.95 per month or $14.16 when paid annually, gives you unlimited accounts and 30 years projection.

We do have a promotion code for Pocketsmith, gives you 50% off the first two months of Premium – make sure to enter the code 50OFFPREMIUM-5G7T to get 50% off the first two months.

You might have heard of these guys since they’re now owned by the same company that once made Quicken.

Intuit acquired them in 2020 and that’s the reason why they shuttered Quicken Online shortly thereafter.

Later, Intuit sold Quicken to H.I.G. Capital and that’s when you knew the end was near!

Why it is a good alternative to Quicken: Mint is free and very powerful on the budgeting and expense tracking side. They do not have much to help you with investment and retirement savings, which I think you’ll find is a huge limitation as you get older. The goal of Mint was always to be a budgeting app and with that in mind, they do a very good job.

If you are sick of Quicken and focus entirely on expense tracking, Mint is a good Quicken alternative. It, like Personal Capital, is cloud-based so there’s no software to download, patch, or update. If you have investments and want to manage those, Mint will not be able to adequately fulfill your needs.

Banktivity

Built specifically for MacOS, Banktivity is a personal finance money manager that will import data from Quicken so you don’t lose anything in the transition process. It’ll do everything you want in a personal finance app, including budgeting, track spending, schedule and pay bills, monitor your investments (including real estate), and pull data from financial institutions.

It also has some powerful reporting options that, if you’re a report junkie, you will probably really enjoy building, tweaking, and rebuilding. All this is also possible across iOS devices too with seamless mobile synchronization.

It is not free, it costs a one-time fee of $69.99 but there is a 30-day trial (no credit card required).

MoneyDance

MoneyDance is not as well known as some of the other alternatives I’ve listed but I wanted to mention them because they’re one of the few money apps that doesn’t rely on the cloud. If you are concerned about your data being stored online, this solution is an alternative that keeps your data local to your computer.

You can still link your accounts online, so they pull your transactions automatically, but they only store them on your computer. You can enter transactions manually if you didn’t want to link your accounts.

MoneyDance looks and feels like a checkbook, with the check register for transactions, but has charts and tables for reporting. It does budgeting but can also track your investments as well, albeit not as feature-rich as others.

MoneyDance is free to download and try but it costs $49.99. The free version has all the features as the paid version. The free version’s limitation is that you can only enter 100 manual transactions.

EveryDollar

Have you heard of Dave Ramsey?

Many folks swear by his approach and EveryDollar is built with that in mind. His approach takes into account human psychology, rather than relying solely on math, and explains why it is so effective. It also explains why ideas like the debt snowball work so well, we need to work with our biases and tendencies if we hope to succeed. EveryDollar is a budgeting tool affiliated with Dave Ramsey’s group, the Lampo Group.

Much like YNAB, it’s a budgeting tool that uses the principles of zero-based budgeting.

In zero-based budgeting, you assign every dollar to a category (or job, in YNAB parlance). It’s a level of rigor that can be refreshing or restricting, depending on your personality. The app itself is beautiful, available on your smartphone, and there is both a free and paid version. The paid version costs $129 a year.

(paid version offers phone support and automated transaction importing… which is a big time-saver; otherwise, you must manually enter the data)

GoodBudget

GoodBudget is a free budgeting app based on the envelope budgeting method. Envelope budgeting is when you set aside a prescribed amount for each category of spending, then spend it down each month.

It’s one of the most popular money management techniques in personal finance. The envelope refers to the manual method of managing these types of budgets where you put the money into an envelope. When you run out of money, you either borrow cash from another envelope or you make do.

GoodBudget adds technology to the mix and will synch up bank accounts to help track your income and your spending. You set the amount for each category and then watch as your spending nears the limit each month. It’s available for both iOS and Android phones.

GnuCash

GnuCash is a free open-source accounting software that, if you’re willing to put into the work, can replicate a lot of the Quicken experience for those who are willing to scale the learning curve. It features double-entry accounting (every transaction must debit one account and credit another), which is effective but will require an adjustment if you’re not used to it.

It offers a lot of the functionality of Quicken like splitting transactions, categorizing transactions, managing multiple accounts, schedule transactions, and reporting that includes all kinds of charts and reports (balance sheet, P&L, portfolio valuation, etc).

The big benefit is that it does budgeting as well as investments. It’s not strictly a budgeting tool.

Lastly, it offers QIF importing, so you can import your Quicken files, plus OFX (Open Financial Exchange) protocol. So you can pull in your data if your bank offers you the ability to export transactions.

Dollarbird

Dollarbird is another personal finance app with an eye towards collaboration and a monthly calendar. You synchronize your accounts (banking, brokerage, and credit cards) with Dollarbird and they build a schedule of future income and expenditures to help with planning. Dollarbird also offers a 5-year financial plan that lets you establish longer-term financial goals and track your performance against them.

The innovation they bring to the table is the idea of calendar-based money management. You can collaborate with other people (partner, family, or a team) to manage a team budget, though the collaborative piece requires the Pro version ($39.99 / year).

MoneyWiz

Of all the alternatives on this list, I know the least about MoneyWiz despite them being around since 2020. They support practically every operating system you can imagine – everything from Windows to Android to iOS devices like the iPhone and iPad – and it’ll synch them in real time.

It’s a powerful budgeting tool that integrates with 16,000+ banks in 51+ countries – which includes cryptocurrencies if you’re in that investment class. If importing from your financial institution concerns you, you can manually enter data as well and it works just as well. For budgeting, you can work with their categories (which are multi-level) or add your own (and subcategories). You can split transactions, bulk edit, tag, and create powerful reports. It won’t pay your bills for you but does have notification features.

It’s a freemium product with the free version that has all the functionality minus synching across multiple devices and automated transaction downloads. For that, you need to buy the Standard ($49.99) or Premium ($49.99/yr or $4.99/mo).

PocketGuard

PocketGuard is a fairly simple budgeting app that links your credit cards, checking and savings accounts, investments, and loans all in one place. It has a complete picture (or at least what you tell it) of your finances but its strengths are in the budgeting – how it updates and categorizes your spending as it happens and looks for opportunities to save. Using your spending, it also builds a personalized budget based on your data as well as the goals you set for yourself.

They have a free version and a Plus version. The free version has all that you need for tracking your expenses and keep an eye on them. Plus allows you to add custom categories, track cash transactions like income and bills. Plus costs $3.99 per month or $34.99 per year.

Wally

Wally is the last app on the list because they only handle budgeting. Most people who start using Quicken often do so to help understand their own spending. It isn’t until your savings start growing that the investment portion becomes a bigger and bigger piece of the financial picture.

If that describes you and budgeting is what you care the most about, Wally may be for you. It’s a beautifully designed app that helps you track your spending and understand your budget. Users have reported a few hiccups with the interface but if you get over the learning curve, and are OK with not having automatic transaction downloads, it’s worth a try.

It is free though, which is why they can’t offer automatic transaction downloads. One could argue that manually entering them puts you closer in touch with your spending.

HomeBudget

HomeBudget is a beautiful looking budgeting app that is essentially an expense tracker. It can track your income, expenses, and account balances – including bills that will be due in the future. Once bills are paid, they shift over to becoming expenses, in a transition that is well designed. There is a family sync feature that allows you to sync up the budgets on multiple devices so you share and exchange budgeting information. They also have reporting features so you can see your trends over the last six months, charts that break down your spending and saving, plus exporting of those reports and data via email or WiFi.

It’s available for iOS ($4.99) and Android ($5.99) devices. There is a “lite” version that you can use for free to see if you like it.

One of these will make a fine replacement for Quicken.

Common Questions about Quicken Alternatives

Is there a free program like Quicken?

On this list, the best free alternatives to Quicken are Personal Capital and Mint (if you don’t mind ads).

Personal Capital won’t be as robust as Mint in the budgeting department but it has far better wealth building and investment tools. You can see a comparison of Mint vs. Personal Capital vs. Quicken to make your own determination of how they stack up.

What happened to Quicken Online?

Intuit created Quicken Online to try to compete with Mint. Near the end of 2009, they gave up and acquired Mint.

Afterward, they opted to shut down Quicken Online and sold the entire Quicken unit to H.I.G. Capital in 2020. Quicken Online no longer exists.

Quicken does have an online experience, something they’ve only recently created, but it’s not free and it’s playing catch up.

What is the best non-cloud-based Quicken alternatives?

Some of the best tools out there are cloud-based. Personal Capital, Mint, and many on this list store your information online. If they are somehow compromised, they potentially could leak your data. They have a lot of security protocols in place to prevent this type of thing but nothing is 100% safe. The ones that do not store your data in the cloud are less powerful but … they don’t store your data in the cloud.

Moneydance Personal Finance, which is included in the list above, is one alternative that is a local program and stores your data locally. It still has the functionality of pulling data from hundreds of financial institutions so it will still save you some time.

Tiller is a tool that integrates with a Google Sheet (which is cloud-based) and Microsoft Excel (which local). They do store some of your information since they have to get the credentials to pull your data but it’s not like other services that contain the credentials and the data.

What is a good accounting software alternative to Quickbooks?

I haven’t used Quickbooks and I’m not familiar with the world of accounting, but GnuCash is often cited as a powerful and free alternative to Quickbooks and Quicken.

It has a lot of features present in accounting software, like double-entry accounting and small business accounting, but many folks have success using it as a personal accounting software package. It’s a software program you download and install locally, which means it’s not cloud-based, and it’s completely free.

Which of these Quicken alternatives work on Mac?

Any cloud-based alternative will work on the PC and a Mac. It’s cloud-based so they work in your browser, which makes them operating system agnostic.

If you want a piece of software designed specifically to run on Macs, Banktivity is your best option. It’s one of the few personal finance applications built specifically for the MacOS and it has the richest feature-set. Most importantly, especially if you use an iPhone or iPad, it seamlessly integrates among the three.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

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