They grow well in a standard peat moss/sand which can be anything from 50% to 70% peat moss. There's no need to fertilize, as the plant relies on insects for food.
Known as the Forked Sundew, it is easy to see how Drosera binata red got that name. The long upright leaves form a "Y" shape at the extremity. The erect stems can reach 20 inches high or more and branched in upper part.