Binarymate review of a binary options broker established in the UK in 2016 and has been rapidly conquering the market.
As a UK based broker company, they are under very strict regulation policies. They quickly grew to become a global company with traders around the world using their services, including US citizens who are mostly excluded from the brokerage market in Europe.
Everyone who offers online services at a global level has to provide powerful software with minimum risk of a software crash, and BinaryMate knows that all too well. With a lot of care, they developed their own software to fit the needs of their traders. The platform’s main features are performance, reliability and quality. Traders can be assured that the platform runs smoothly with no major hindrances.
The platform for your desktop is web-based, but there is also the downloadable version for Android and iPhone. Live charts of all available options, instant trade execution, and your trade history are available on the mobile interface.
With an appealing and easily navigated interface the platform gains in popularity every day.
There are three different accounts to choose from when registering with BinaryMate. They conveniently named their accounts the Bronze, Silver and Gold account.
The Bronze account offers live video chat, withdrawals within an hour, bonuses, and a demo account. It requires a minimum $250 deposit and offers a 20% bonus.
Besides all of the features above, the Silver account additionally includes a Master class (web session), and the first three trades are risk-free. Risk-free trades refer to compensations in the form of trading bonuses when trading results are negative. The minimum deposit is $1,000 with a 50%bonus.
A couple of more extras are added to the Gold account like personal success manager, trading protection, and a Swiss prepaid card. You can open a Gold account by depositing $3,000 whereby you will be rewarded with a 100% bonus.
Trading options include: currencies, stocks, commodities, indices. You can opt for short-term and long-term trades. The trades can be as short as 30 or 60 seconds, but can also take up to a year. Other trading options include daily, weekly and monthly options. It is solely up to you to choose what seems most convenient and comfortable. There are various strategies to implement in order to maximize your profit regardless of the strategy you use.
The Close Early option is enabled for almost all trades giving customers a way out not to lose all of their investment in the event of a negative trade.
BinaryMate’s investment return rate is 90% which makes it one of the highest in the business.
Online since: 2012
Max Returns: 92%
Minimum Deposit: $10
Minimum Investment: $1
Maximum Investment: $1000
Currencies: USD, AUD, NZD, RUB, CAD, EUR, GBP, Yuan
Countries: All nations excluding the USA, Japan, Canada, Israel, Syria, Sudan and Iran
- Around the clock Live video chat
- Available at weekends
- Safe funds and protection of customers
- Risk free trades and deposit bonuses
- 1-hour withdrawals
- Innovative and robust platform
- Relatively new in business
- Apps limited to Android and iPhone
Customer Support and Resources
BinaryMate provides a wide range of educational resources and materials to traders for free. This is valuable especially for beginners who need to gain some knowledge on how the market works and what are their options. Even experienced traders turn to these educational materials for analysis and research. One thing is for sure; an extended research is highly recommended for everyone who wants to start trading with binary options.
In the highly competitive and well-developed business, BinaryMate managed to raise the bar by coming up with a clever idea. They are the first to offer live video chat to their customers. You can opt for a public or private live chat. The Customer Support staff is well-trained and knows a great deal about binary options trading. They are competent and qualified to guide you through the whole process.
The multilingual Customer Support is available 24/7 and will politely and patiently help you solve any problems or issues that you may encounter.
You can also send an e-mail if you do not prefer video chats. They have a fast response email service which means that you will not have to wait a long time. This was another big plus in our binarymate review.
BinaryMate accepts payments, i.e. deposits in multiple currencies like the Euro, the USD, GBP and RUB. They offer a variety of banking options to customers and as a trader you can choose your favorite.
BinaryMate does not charge any fees on either deposits or withdrawals but they cannot influence fees charged by third parties (e.g. your bank).
There are more than ten different banking options available:
Visa, MasterCard, JCB, American Express, PayPal, UnionPay, Neteller (except for North America), PerfecMoney, Qiwi Wallet (for Eastern Europe), Yandex money (Eastern Europe), OKPay, Obitcoin and Alipay.
With a 1 hour withdrawal time for most of the banking options they are the fastest in the industry, setting new standards. All withdrawals take 1 hour after the withdrawal request is confirmed, except for PayPal, JCB, American Express and UnionPay, taking six hours, which is still amazing and above the industry standard.
BinaryMate, as a newly formed company, leaves quite an impression. With innovations like live video chat, one-hour withdrawal execution times, and an independent in-house developed platform, they seem to conquer the market by storm. This was one of the best we found while conducting our Binarymate review.
They maintain a very professional and well-organized website with detailed information on every aspect of their business as well, making sure their clients are always in the loop about the most recent developments on the market and within the company. We welcome feedback on our Binarymate review of this Broker.