Overview
Polarium Broker is a trading platform offering digital and turbo options alongside CFDs. It is operated by Sun Wave LLC, registered in Nevis (Saint Kitts and Nevis), with payment processing handled by a Cypriot subsidiary. The website makes no mention of any financial regulatory license and explicitly states that the company is not registered with Brazil's CVM and caters to traders residing outside of Brazil. The platform advertises a minimum deposit of $10, payouts of up to 90%, and a demo account.
Pros and cons
Pros
- Demo account with a 10,000 virtual balance
- Low minimum deposit of $10
- Over 1,200 assets, including forex, stocks, crypto, indices, and commodities
- Official app on Google Play
- Operating company name, registration number, and address disclosed in the website footer
Cons
- Not licensed by any financial regulatory authority
- Registered in Nevis, an offshore jurisdiction with limited broker oversight
- Explicitly states non-registration with Brazil's CVM and that services are not directed at Brazilian residents
- Long list of restricted jurisdictions, including the US, UK, and EEA countries
Polarium Broker: questions and answers
Is Polarium Broker regulated?
No. According to our latest data, Polarium Broker holds no licence from any government financial regulator.
Who owns Polarium Broker?
Polarium Broker is operated by Sun Wave LLC, company no. L 22402, Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis (St Kitts and Nevis); payments handled by S.W. Sun Wave CY Ltd, HE 450991, Limassol, Cyprus.
What is the maximum payout on Polarium Broker?
Polarium Broker advertises payouts of up to 90% of a winning trade's stake, depending on the asset, expiry and time of day. On a losing trade you lose the whole amount.
What is the minimum deposit at Polarium Broker?
The minimum deposit at Polarium Broker is $10; it can vary by account type and payment method.
Does Polarium Broker have a demo account?
Yes, you can open a free demo account at Polarium Broker to practise with virtual money before trading for real.
What can I trade with Polarium Broker?
Polarium Broker lets you trade Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs).
Is trading on Polarium Broker legal?
It depends on your country. Binary options are banned for retail clients in the EU, the UK, Australia, Israel and most Canadian provinces, and other regulators restrict or warn against them. Search the platform's name on your national regulator's warning list before depositing.
Fees, deposits and withdrawals
Deposit methods:
Available markets
Key facts
| Restricted countries | Brazil, United States, Guam, North Korea, Palestine, Vatican City, Canada, Afghanistan, Australia, Belarus, Belgium, Bouvet Island, Comoros, Cuba, Congo - Kinshasa, Eritrea, Ethiopia, Gibraltar, Iran, Israel, Japan, Mali, Myanmar (Burma), South Sudan, Sudan, Syria, Russia, United Kingdom, Ukraine, Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, Norway |
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