BinaryMate Review

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

BinaryMate Review

BinaryMate is a binary options broker that opened in June 2020.

They are owned by Affort Projects S.A., and located at 309 & 310 Office, Albert Street Victoria, Mahe, Seychelles. Their phone number is (829) 954 8077. The email address is [email protected] You can see common broker complaints here.

BinaryMate Review

The trading system that Binary Mate gives their clients in a new proprietary system that is not found at any other broker. The really unique feature that sets them apart from other brokers is their live video chat with customer service representatives. We actually tested it, and they are real people!

They offer 3 types of binary options; Turbo, Intraday and Long Term options. The Turbo options are for 30 seconds, 1, 2, 5, 10, 15 and 30 minutes. Long term options are weekly that go out five weeks. The minimum deposit for new accounts is $250, and the minimum trade size is $1. Starting in February, they account Skrill for deposits. Binary Mate says that they process withdrawals within one hour, but we have not actually tested them out.

Brokers Bonus Money

They offer new traders bonuses up to $10,000. As with all brokers, there are certain terms and conditions attached to the bonus money, and it is important for a new investor to really understand the rules.

There are many complaints in the investor forum from traders who accepted a bonus without fully comprehending how it works.

Do Not Use any auto trading robot until you have read about the scam.

Find real automated trading systems by checking this list.

Does BinaryMate Have a License?

Scam Broker Investigator has reviewed over 200 binary option brokers since our founding in 2020. One of the ways you can determine if a broker is legitimate or a is to check if they have a license from your local governments financial regulator. To find a licensed broker you can look here for the full list.

When reviewing BinaryMate, we did not see a license.

Warning!

FINRA published an investor alert regarding offshore binary options brokers, read more on FINRA’s website.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

Please tell us about your experience trading at BinaryMate, in the comments below.

BinaryMate

BinaryMate has rebranded to RaceOption.

BinaryMate offer some unique benefits, including guaranteed withdrawal processing in one hour, and live video support 24 hours a day. The firm offer different levels of account based on deposits and awards both bonus funds, and risk free trades at certain account levels – terms will apply.

  • $1 Minimum Trade
  • $250 Minimum Deposit
  • 1 Hour withdrawal processing
  • $20,000 Prize pool contests

US residents are able to open an account and the firm also offer a demo account for potential new traders to try out the platform. The brand offer a broad range of deposit and withdrawal options – and the 1 hour processing is an interesting offer, suggesting BinaryMate know what might be leaving customers frustrated elsewhere.

Trading Platform

The platform and trading area look slick and uncomplicated. All the choices that traders need to make are simple to reach and easy to use. One of the attractions of binary options is the simplicity in comparison to other trading vehicles – and the trading platform ensures that is maintained here.

The price chart includes the expiry time, with a visual line on the chart, and a dashed line shows when a trade must be placed by. As a trade is placed, it is displayed on the chart, and the graph will update the position as the price changes. Any number of trades can be opened on the same chart.

The trading choices are along the top of the screen, and to the right. The underlying asset and expiry are set at the top of the screen, using simple drop down menus. The trade size is set in the top right of the trading area, and the trading buttons below. They are very clear, with the current strike price shown between them so a trader can see exactly the price they are trading at.

The payout for the particular asset is shown on the right – both the percentage and the potential payout based on the trade size that has been selected. There are also some additional features on the platform, for example charting options and a ‘sentiment’ bar, showing which direction traders are currently forecasting.

The trading area is very easy to use and looks good – it pulls together everything a traders needs, in a tidy, useable way. That clarity then transfers very well to the mobile app, which looks are performs the same.

Trader Choice

3 Types of digital trade are available:

  • Standard High / Low
  • 60 Second
  • One Touch

The choice of underlying assets includes the usual range of currency (forex) pairs, stocks, indices and commodities. The range at BinaryMate is comparable with most leading brands, with all the popular assets listed.

Payouts reach 90% but will change based on the markets – and the expiry time and specific underlying asset. In general, the payouts with BinaryMate are good, relative to rival firms.

Mobile App

The mobile platform has been designed for both android and iOS (iPhone and iPad_ and takes advantage of the strengths of each operating system. The trading platform, for both web and mobile, was designed with the idea of being the same on any device. So the web version looks and operates exactly the same as the mobile version. This delivers a seamless user experience for traders moving between the two.

The mobile app provides instant execution of trade, but also delivers account management options, and full charting tools. Traders can also list their full trade history on the mobile. It is a very strong offering and has been thoughtfully developed and created.

Withdrawals

The firm boast an industry leading 1 hour processing promise. This is far superior to any comparable firm and is a definite plus point. In order to request a withdrawal, users must have completed the verification process. It is worth doing this as early as possible in order to avoid delays with payments or any disputes.

Withdrawal methods include wire transfer, debit and credit cards, and a full range of e-wallet services, including Paypal, Neteller and Web Money. BinaryMate also accept Bitcoin deposits – a unique selling point for users of the crypto currency. The minimum amount that can be withdrawn is $50.

Paxum

The firm also offer deposits and withdrawals via a new e-wallet provider – Paxum. A new firm, Paxum provide services similar to Paypal and Skrill. So far BinaryMate are the only firm taking payments (and withdrawals) via the Paxum service.

Some bonus terms and conditions will mean turnover requirements are set before any withdrawal can be made. For this reason, it is important to read the terms of any bonus awarded – if the turnover requirements might not be met, then traders can (and should) turn the bonus down.

Contests

There are regular contests where traders can compete with each other for prize pools that total $20,000. The terms and conditions of each contest can vary, but they are open to experienced traders and beginners alike. Some are decided based on number of trades, others on profit or particular assets. They are an interesting feature though, and popular among traders. At least 20 traders win in the contests each and every week.

Demo Account

BinaryMate do offer a demo account, but traders will need to register and discuss a demo with an account manager. There can also be time restrictions on how long the demo account is available. While offering a demo account is obviously a plus, this is one area where the brand could be more customer focussed and offer an unlimited demo in order to show their platform to a wider audience.

BinaryMate

Overview

BinaryMate has a consumer rating of 1.88 stars from 8 reviews indicating that most consumers are generally dissatisfied with their purchases. BinaryMate also ranks 45th among Currency Trading sites.

“lost a lot of money to binary brokers”

I have lost funds to different Binary Options brokers and this almost ruined me but I found a Recovery Firm that specializes in this and they helped me trace my funds and recovered my funds with all the profits. i don’t think its right to lose your hard earned money to fake brokers when there is someone like Mr Reinhold Marion , feel free to reach out to him via his email address: [email protected] , i have to do this because i have seen most comment here that talks about him. Goodluck

“Stay away”

Fraudulent company, do not invest. I was defrauded It was such a nightmare and i thought I had lost everything i had invested until i met Ralph who put me through the recovery process. He is very professional and reliable. I can’t thank his enough. Report your case too ralphdaecher (at) protonmail dot com

Reviews (8)

I signed up on this website. Not sure why it is being rated badly.

Searched the review on binaryoptionsbrokersusa.com, and looks to be an okay binary broker.

Binary Mate is a scam- its a trading simulator that has no trading activity. They collect your money , give you a phony balance let you play and attempt to keep your money, if you profit – they will cut you off and you will never see your profit. This is a one man ponzi scheme run by a programmer Maxym Morozov, a resident of Ukraine and an Ukrainian national from Zaporizhia, Ukraine.

Registration Number SL025219
Date of Incorporation Mon, 29th Feb 2020
End of financial Year 1st January
Company age 2 years old
Next confirmation statement due date Sat, 14th Mar 2020 (2020-03-14)
Account category no accounts filed
People with significant control
The register of persons with significant control that own or have control over the company is made up of 1 name. As BizStats discovered, there is Maxym Morozov, a resident of Ukraine and an Ukrainian national from Zaporizhia, Ukraine. This PSC was born in June 1986, has 75,01-100% voting rights.

Gryaznova St, House 45, Apt. 261, Zaporizhia, Ukraine

Sitejabber for Business

Gain trust and grow your business with customer reviews

About the business

Forex and CFD trading with Binarymate is easy and secure. Innovative Forex and CFD platform with video assistance.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

Binary Options Trading School
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: