BinaryMate Review

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

BinaryMate Reviews: Deposit, Demo & Binary Options Trading Info

IQ Option No. 1 Software

It is important that you properly screen binary options brokers before you start trading. Do your homework and select only reputable brokers to ensure your money is safe. In this article, we provide the essential details about BinaryMate including information on their trading platforms, products, customer support, fees, payouts, bonuses, and more. This comprehensive review is sure to give you helpful insights on the reliability and performance of this leading broker. BinaryMate accepts traders from all parts of the world except the US.

Licensing and Regulation

BinaryMate is a new player in the industry as it was launched in 2020. The company is owned by Scotland-based Suomen Kerran LP. The broker’s website states that they are regulated, presumably under UK laws. BinaryMate seems to have made an effort to improve its reputation as they have moved from Seychelles to the UK to boost their credibility. Overall, this broker seems to be reliable and is not blacklisted by any of the other major websites that review binary options brokers.

Tradable Assets and Financial Instruments

BinaryMate provides a big list of financial instruments and assets that you can select for trading. The number of instruments exceeds 100 which means you can sustain your interest with a varied trading portfolio. Tradable assets are included from a range of indices, FX currencies, commodities, and stocks. While newbies may be daunted by the large number of financial instruments, expert traders are sure to like this environment as they can break free from stifling trading limitations.

Trading Options

Trade types include Long Term, Intraday, and Turbo trading. Turbo trading has expiry times from 60 seconds up to 30 minutes, while for Intraday and Long Term you can set expiry times for days and months in advance. A unique aspect of BinaryMate that sets them apart from other binary options brokers is weekend trading including during off-market times. Admittedly, there is less volatility during the weekends, but this dimension can serve to keep traders interested during boring weekends.

Trading Cost and Payouts

BinaryMate reviews reveal that you can start by investing just $1 and go up to a maximum of $10,000. This range is normal for the industry. In addition, there are no added costs such as commissions and spreads like in FX trading. Refunds and payout depend on market volatility, trade duration, and the asset. Maximum payout rate is 90% for winning trades and you will lose all your money if your prediction turns out to be wrong. So, it is important that you conserve your capital and trade wisely at BinaryMate.

Trading Platform

BinaryMate has developed its own web-based trading platform which is feature-rich and attractive. Since it is web-based, you can access it on any internet-ready desktop or mobile device. A unique aspect is the live video chat tool where a dedicated account manager offers 24/7 support. This novel feature allows you to interact with a real human being while trading. The interface clearly displays all the Call and Put options and gives detailed access to the instruments and payouts of the chosen asset. In short, the platform is easy to use and pleasing to the eye.

Mobile Trading Platforms

According to all BinaryMate reviews you can use your tablet or smartphone to access your account via the Web Trader interface. Or you can download the apps for Android and iOS devices. The trading apps provide all the features offered by the desktop platform. Plus, the mobile interfaces are reliable and perform up to expectations.

Trading Accounts

There are three types of trading accounts: Bronze, Silver, and Gold.

Bronze Account

  • For investments from $250 to $1000
  • Demo account
  • Live video chat
  • Bonus +20%
  • Withdrawals in 1 hour

Silver Account

  • For investments from $1000 to $3000
  • First 3 risk free trades
  • Master class (web session)
  • Bonus +50%
  • Live video chat
  • Demo account
  • Withdrawals in 1 hour

Gold Account

  • For investments from $3000 to $50,000
  • Personal success manager
  • First 3 risk free trades
  • Master class (web session)
  • Bonus +100%
  • Demo account
  • Withdrawals in 1 hour
  • Live video chat

Withdrawals

The minimum withdrawal limit is $50 but you need to have 100% rollover in trading volume to make a withdrawal. The average withdrawal time is one hour but may take longer on holidays and weekends. For deposits and withdrawals you can use the following methods: bank wire transfer, PayPal, Alipay, OK Pay,Bitcoin, Yandex money, QIWI WALLET, WebMoney, Perfect Money, JCB, UnionPay, Skrill, and Neteller.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Bonuses

The bonus you get depends on the deposit you make. There is a 20% bonus for deposits up to $1000, 50% bonus for deposits between $1000 to $3000 and 100% bonus for deposits greater than $3000 up to a maximum of $50,000. In addition, Silver and Gold accounts offer three risk-free first trades which boost your chances. However, to withdraw bonus you need to have at least 300% rollover trades.

Trading Demo

You can request a demo account and the broker will sanction it on their discretion. The demo account can be used only for a limited period. Make use of it to learn the important features of the trading platform and other useful tools offered by BinaryMate.

Customer Support

As mentioned earlier, you can use the live video chat tool embedded in the trading platform to avail expert assistance while trading. In addition, customer support is also offered 24/7 via phone. Support is provided in English, Thai, Chinese, and Russian with local contact numbers for different countries. You can also use a web contact form on the broker’s website to get detailed support.

Extra Features

BinaryMate offers video tutorials that investors can use to get up to speed with the trading platform and other features. Silver and Gold accounts include personal master class sessions that provide information on markets to traders. However, if you do not trade for 30 successive days you need to cough up an account maintenance/inactivity fee.

Summary

To summarize, on the pros side we list fast withdrawals within 1 hour, large number of online and offline payment methods, high bonuses for bigger traders, attractive trading platform, large number of tradable assets and instruments, and top rate customer support via the live video chat tool. On the cons side, the initial deposit amount of $250 seems to be a tad high and the demo account is limited in period and scope. The pros outweigh the negligible cons and you are sure to have fun and excitement and have a fair chance of making good money by trading with BinaryMate.

VideForex ( BinaryMate ) Review

Overview

VideForex ( BinaryMate ) , launched in 2020, is a new generation binary options broker on the market. It’s a new revolutionary propietary trading platform including a live video chat with managers 24/7 .

Details

Platform VideForex ( BinaryMate )
Website URL www.videforex.com
Founded 2020
Headquarters Seychelles
Support Types Live Video Chat , Phone , Email , Callback
Languages English
Trading Platform Propietary
Minimum 1st Deposit $250
Minimum Account Size $250
Minimum Trade Amount $1
Bonus 100% + $250 Welcome Bonus
Max. Payout 95%
Free Demo Account
Account Types Micro Account ( $250 – $999 ) , Bronze ( $1000 -$2999 ) , Silver ( $3000 – $49999 ) , Gold ( +$50000 )
Deposit Methods Credit Cards , Wire Transfer , Altcoins , Ethereum , Bitcoin , Perfect Money ,
Withdrawal Methods Credit Cards , Wire Transfer , Altcoins , Ethereum , Bitcoin , Perfect Money ,
Number of Assets +100
Types of Assets Currencies, Commodities, Indices, Stocks
US Traders
Mobile Trading
Tablet Trading
Overall Score 4.5
  • 24/7 Live Video Chat
  • Revolutionary Propietary Platform
  • Withdrawals in 1 hour
  • Up to 100% Deposit Bonus + Risk Free Trades
  • Demo Account
  • Free Education
  • All funds are safe and held in a EU bank
  • Secured Trading
  • Trading on Weekends
  • Not Demo account

Full Review

Last VideForex review update: January 16 2020

VideForex ( BinaryMate ) , launched in 2020, is a new generation binary options broker on the market. It’s a new revolutionary propietary trading platform including a live video chat with managers 24/7 .

Their payout system is really astonishing. You can get up to 95% return in 60 seconds on over 100 assets to trade.

And best of all they are accepting Bitcoin, Ethereum and altcoins as deposit method.

VideForex – Live Video Chat

Binary Mate Trading Platform

During our research and test, we were very impressed with the fact that its fully developed on-house trading platform is very easy to use for both beginner traders or professionals. It’s available on desktop and mobile Apps ( Android and iPhone ).

its trading platform possesses the highest security level ( 10 point out of 10-point grading scale ), simple user-friendly interface and is extremely convenient especially for active style of trading.

Type of Accounts & Minimum deposit

There are 3 type of accounts available ( Bronze, Silver and Gold ) according to your deposit.

Demo accounts are awarded to all customers who deposit upon request to its customer service.

Minimum Deposit

Bronze account only have a minimum deposit requirement of only $250, so it’s perfect for beginner traders, however for advanced traders we recommend a deposit of over $3000 and get a huge 100% Bonus ( check bonus requirements on their website ).

Assets

They offer a wire variety of assets to trade including commodities, stocks, indices and the most popular currencies pairs like EUR/USD, GBP/EUR or USD/CAD.

Promotions ( Bonuses )

VideoForex offers up to 100% Deposit Bonus + Free Risk Trades to all traders.

Trading Contest

All binary mate traders are automatically registered for FREE in their trading contest . They are giving away $20,000 in prizes with 20 winners every week.

Payout

Videoforex have of the highest payouts in the binary options industry. You can get up to 95% Payout on standard options.

[info]Recent research related to precision and speed evaluation of Binary mate platform clearly shows that average Binarymate trader’s success rate is 30% higher in comparison to other platforms.[/info]

Deposit / withdrawal

They offer 1-hour withdrawals and multiple deposit methods including credit cards, Ethereum, Bitcoin, Perfect Money and AltCoins.

Customer Support & Education

Videoforex.com is the first binary options platform to provide 24/7 live video chat support to its customers. Beautiful ladies ( account managers ) are dedicated to answer all potential queries, and help you to get the best returns of your investment.

Furthermore also they have customer service through phone, email and callback.

Binary Mate provide account managers for one on one training, as well as free training lessons and education videos

Regulation in United States

VideForex is an offshore broker not regulated within USA with CFTC *

VideForex Review: Summary

They provide the most advanced binary options trading platform, with 24/7 live beautiful managers to help you achieve the best results in your investment.

Videforex gives traders ability to trade manually or with the help of 3d party robots and trading assistants.

Others pros such a minimum deposit of just $250, 1-hour withdrawal, free education and high payouts make VideForex the best choice among binary options brokers.

BinaryMate Trading Account Overview

Traders are always looking to invest in an innovative service that promises to offer new and remarkable products for their binary options trading needs. A majority of binary options brokers follow a standard brokerage template for their services, but BinaryMate aims to be a bit different from a regular binary options broker. Binary Mate has a lot going for its service, and traders have reported being pretty confident in the company’s ability to cater to traders’ requirements. However, new clients will certainly look to gain more information about the broker before depositing their hard-earned money, and this expert BinaryMate broker review can offer all the relevant information such as the binary options platform, payouts, customer service, and minimum investments required for trading.

BinaryMate Regulatory Details

BinaryMate has a relatively lower exposure to the binary options market when compared to the more established companies operating in the industry. BinaryMate counts on its ability to cater to retail traders through an innovative platform, which ensures that traders can count on the company’s professional approach while investing in binary options. All said BinaryMate regulation is not really on par with what traders would consider being a reliable binary options broker. For instance, BinaryMate is not very keen on advertising its broker location, which does not impart much confidence among traders. Any company that seeks investment from traders should be transparent about their operations and should make it a priority to be regulated by a relevant regulatory authority.

Upon performing a deeper research into the origins of the company, we have found out several other binary options brokers that have similar characteristics to the BinaryMate platform. It was hardly surprising, as the parent group Suomen Kerran LP has launched several binary options properties through different brand names. Almost all of these brokerages have largely similar broker characteristics and trading products, but with a few subtle differences. Overall, BinaryMate has a rather delectable product, marred only by a lack of regulatory license.

Suomen kerran LP is a Scottish firm with a registered office in Edinburgh, Scotland. Regardless, the company does not have a UK regulatory license from the UK, nor is it EU authorised to provide binary options services in the European Economic Area. The broker specifies that it caters to traders from all over the world, except the US territory, but the actual legality of trading with BinaryMate will differ according to the country and their local laws.

BinaryMate serves around 3000 customers from all over the world, and have a monthly transaction figure of around $3.8 million per month. The broker has consistently paid out around $500,000 to its clients on a monthly basis, which really does mean that traders can be assured of the reliability of the company. A regulatory license could have improved the broker’s standing among other brokers, but they have indeed lived up to their traders’ expectations by offering a regulated service.

BinaryMate Binary Options Assets

BinaryMate shares its services with other brokerage platforms, which allows the parent company to provide a large number of underlying financial instruments without any compromises. A significant number of brokers strive to offer a large number of assets, but there are cases where the actual number of instruments may be far less than advertised. However, BinaryMate does not make any attempt to limit the number of assets to its traders, and provide the following instruments to all traders:

Shares: IBM, NISSAN MOTOR, TEVA PHARMA, TESCO, TURKCELL (TURKEY), TATA MOTORS (INDIA), HSBC HOLDINGS (LONDON), COCA COLA (US), SBERBANK (RUSSIA), LUKOIL (RUSSIA), BP (BRITISH PETROLEUM), GAZPROM (RUSSIA), NIKE (US), APPLE (US), MICROSOFT (US), CITI (US), ALPHABET Inc C (Google), F BP, S.BANK INDIA, EXXON MOBIL, BAIDU, AMAZON, DISNEY, GOLDMAN SACHS, INTEL, JP MORGAN CHASE, PFIZER, CATERPILLAR, BANCO SANTANDER, TELEFONICA, BANK OF AMERICA, AIG, YAHOO, NETFLIX, McDONALD’S, ANZ BANK, BHP-AU, RIO-AU, LAS VEGAS SANDS, WYNN RESORTS, EBAY, SONY, BOEING, WAL-MART, GENERAL MOTORS, GROUPON, MASTERCARD, SALESFORCE.COM, STARBUCKS, AXIS BANK, TATA STEEL, ROSNEFT’, ROSNEFT’, FACEBOOK, YANDEX N.V, CK HUTCHISON, BLACKBERRY, 3M, TENCENT HOLDINGS, TWITTER, MICRON, SINA, TESLA MOTORS, WEIBO, VTB BANK, ALIBABA, GENERAL ELECTRIC, JOHNSON & JOHNSON, MAZDA MOTOR, TOSHIBA CORP, SUMITOMO , MITSUI, TOYOTA (US), COLGATE-PALMOLIVE, FERRARI, LLOYDS BANK, BARCLAYS, BRITISH AMERICAN T, VODAFONE, RIO TINTO, CARNIVAL CRUZE

Forex: EUR/USD, GBP/USD, USD/JPY, USD/CAD, EUR/JPY, EUR/GBP, USD/TRY, USD/RUB, USD/ZAR, USD/SGD, NZD/USD, USD/CHF, AUD/USD, GBP/RUB, EUR/RUB, GBP/JPY, GBP/CHF, AUD/CHF, EUR/CAD, AUD/JPY, CAD/JPY, AUD/NZD, EUR/AUD, GBP/CAD, NZD/JPY, AUD/CAD, EUR/NZD, EUR/CHF, BitCoin/USD, BitCoin/CNY, AUD/USD FUTURE, EUR/JPY FUTURE, USD/JPY FUTURE, GBP/USD FUTURE, EUR/USD FUTURE

Indices: DOW (US), S&P 500 (US), NASDAQ (US), DAX (GERMANY), CAC (FRANCE), FTSE 100 (UK), ISE 30 (ISTANBUL STOCK EXCHANGE), RTS (RUSSIAN TRADING SYSTEM), MSM 30 (OMAN), TADAWUL (SAUDI STOCK EXCHANGE), DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX), KUWAIT (KUWAIT GENERAL INDEX), BOMBAY SE, HANG SENG (HONG KONG), SSE180 (SHANGHAI STOCK EXCHANGE), KL FUTURE, NIKKEI225(JPN), TEL AVIV 25, TOPIX, MICEX 10 (MOSCOW INTERBANK EXCHANGE), ASX, IBEX, FTSE F-DEC16, ASX F-DEC16, NIFTY F-SEP16, SMI, FAZ-SHORT BANKS(ETF), IBEX F-OCT16, HANG SENG F-SEP16, CSI 300, TSX 60, SHANGHAI COMPOSITE, DOLLAR INDEX-DEC16, GERMANY 10YR-DEC16, FTSE MIB F-DEC16, RUSSELL 2000, FTSE 250

Commodities: SILVER, PLATINUM, OIL (LIGHT SWEET CRUDE), Sugar, Coffee, GOLD/EUR, GOLD, GOLD FUTURE, OIL FUTURE

There are around 100 different financial assets, all offered with the same set of trading condition across the BinaryMate web properties. Traders are free to choose any asset, and some assets even offer the opportunity to trade over the weekends. Weekend trading is not usually advisable, as it involves low liquidity, but such an option may suit traders who are busy with their normal schedule during the normal trading hours.

BinaryMate Trading Conditions & Payouts

BinaryMate offers only the basic binary options products for its users, such as the turbo and long-term options. There seems to be a limitation to the actual number of binary options types, unlike other leading brokers where traders get to trade high-risk options such as touch, range, and ladder options. The minimum time of expiry for a binary options contract is 60 seconds, while the higher time frames can range from 5 minutes to an hour or more, depending on the asset.

BinaryMate has pretty easy trading conditions for smaller traders, where the binary options contract sizes start from $1. $1 is highly convenient from a professional trader’s perspective, as it grants more freedom to experiment with different money management strategies to get consistent profits in the long run. The broker has also limited the maximum investment per position to $1,500, but traders are free to open as many simultaneous positions as they wish. There may be a maximum capital exposure limit, but such limits are determined on an account-to-account basis. The smaller position sizes are also convenient for novice traders, which allow traders to reduce their risks in the market until they can find a winning formula.

The average BinaryMate payout is higher than the market average, with several binary options offering as high as 90% returns for in-the-money (ITM) trades. The lowest payout is 60%, but the payouts are higher than the average returns offered by mainstream binary options. Professional traders would have preferred to invest in high-yield options with a more potentially higher payout, but for those who are only concerned about the classic binary options, Binary Mate is a pretty decent binary options service.

BinaryMate Binary Options Platform

The BinaryMate platform offers a relaxed trading experience, where professional traders will find it easy to find their feet in no time. Even novice traders will be impressed by the overall efficiency of the platform, and how quickly they can get up to speed with binary options trading with minimal assistance. The whole interface is designed to be accessed through a web browser, and the layout offers numerous trading options such as the choice of assets, graph option, time of expiry, contract features, and the call/put buttons. Even though the chart possesses an advanced graphical interface, the charting options are severely limited. The Binary Mate trading platform is akin to most of the other web trading interfaces in the market, as online platforms rarely offer any option to install advanced indicators or custom trading tools.

Traders are also bound to notice a human touch in the platform, where a dedicated live chat specialist is available through a single-side video chat interface within the platform. The dedicated customer representative works with traders to address any concerns, or for a better customer-centric trading environment. The BinaryMate app is a proprietary trading platform, which is the only binary options terminal available for all brokers under the Suomen Kerran LP brand. The video chat functionality is indeed a unique and advanced feature of the platform, which should find several takers among the retail trading market.

BinaryMate Mobile Platform

BinaryMate has numerous sister concerns, which has given the incentive to the broker’s parent company to develop a dedicated binary options app for mobile devices. There are dedicated BinaryMate apps for iOS and Android devices, and the broker has indeed provided one of the most advanced trading platforms for smartphones and tablets. The broker has also offered the convenience of accessing the browser-based platform for its users, which can be used to trade via the web browser.

BinaryMate Account Options

A BinaryMate trading account is not all that attractive, as they have a minimum deposit requirement of $250. Of course, $250 is obviously the lowest deposit for most binary options brokerages, but they do offer several account benefits. BinaryMate customers have only three options for choosing an account, the Bronze, the Silver, and the Gold account. The Bronze account is the entry-level account that is reserved for a minimum investment of $250. The list of account features is quite minimal, which really does not justify the slightly higher cost of an account. Other competing brokers have several account benefits that are offered for significantly lower deposits.

The Silver and Gold accounts are also not that actually beneficial, as the Silver account requires a higher deposit of $1000 and the Gold account requires $3000. The company claims that its Silver account is the more popular option, but it only provides a few trivial account benefits such as three risk-free trades and a master class sessions through the web. The Gold account only provides a personal success manager on top of the Silver account features and is certainly the most expensive option.

Transferring funds to the broker for an account deposit can be made through Bank Wire Transfer, Neteller, Skrill, UnionPay, JCB, Perfect Money, WebMoney, QIWI WALLET, Yandex money, Bitcoin, OK Pay, and Alipay. The broker also processes its clients’ withdrawals through these payment methods, and there is a minimum transaction amount of $50 for all withdrawal requests. The broker is proud to have processed all clients’ withdrawals in a timely manner, with an average withdrawal time of 44 minutes. There is indeed a higher deposit limit for accounts, which specify a maximum funding amount of $50,000.

BinaryMate Promotions

Traders are eligible for a BinaryMate bonus for their deposit. The minimum bonus of 20% is available for Bronze account holders, which increases to 50% for Silver and 100% for Gold accounts. The company assures bonuses of up to $50,000, but such a staggering amount of bonus also comes with a few conditions. Traders will have to transact 300% of the volume of their entire deposit before they can request for withdrawal. In essence, traders will have to accumulate three times the volume of their investment, which can be quite massive for larger account holders. Nevertheless, the company also provides additional trading benefits such as risk-free trades, which allow traders to invest heavily in the markets without worrying about the outcome of the trade.

BinaryMate Demo Accounts

The process of opening and trading with a BinaryMate practice account is a bit cumbersome, as traders will have to put in special requests with their account managers to be able to trade on a demo platform. The demo account is only available for traders with a live trading account, and it is the broker’s discretion to offer or deny the demo account to its traders. We would consider the availability of a demo account to be beneficial, as there are brokers that do not offer a virtual practice account of any sort to its users.

BinaryMate Customer Service

BinaryMate appears to be a broker that is developed around the concept of offering a dedicated customer service channel through a live video chat feature. The video chat feature is a one-sided affair, where all interactions happen through a text chat. However, the advantage is that traders can see an actual customer service representative at the other side, which increases the human involvement factor. Having an actual person at the other end does help in increasing trust among traders, which is why BinaryMate has been able to generate a massive amount of interest among traders. The broker also offers its customer service through email, phone, and a web contact form.

BinaryMate Trading Resources

BinaryMate does not have the vast amount of resources that are usually offered by other leading companies, but there are a few educational videos and master class sessions available for Silver and Gold account holders. Gold traders can also use the services of their personal success manager, who can guide them to improving trading performance and the results. Other than these account features, BinaryMate does not have any other trading resources that are usually offered by leading companies.

BinaryMate Verdict

  • A web-based platform that concentrates on enhancing the customer service experience.
  • Access to leading assets from FX, commodities, shares, and indices market.
  • Healthy payouts when compared to the average returns in the industry.
  • Traders can start trading from $1 with a minimum deposit of $250.
  • Up to 100% bonus.
  • Varied funding methods.
  • Accounts don’t have as many features as one would prefer for a $250 deposit.
  • BinaryMate is not a regulated company.

FAQ

What Is The Minimum Deposit For An Account?

The minimum deposit for a Binary Mate account is $250.

Is BinaryMate Regulated?

No, BinaryMate is not regulated, but its parent company, Suomen Kerran LP is registered in Scotland.

What Is The Minimum Time For Withdrawal?

The broker promises to process withdrawals in an hour, with its average time pretty impressive at 44 minutes.

Binary Mate Review – is binarymate.com scam or good binary options broker?

Visit www.BinaryMate.com

General Information

Minimum deposit Min. bet size Payout % Bonus Trading platform
$250 $ 10 Up to 85% 20%-100% proprietary web

BinaryMate is a binary options broker, offering trading in different financial assets on its in-house web-based platform.

Trading Accounts

Based on the client’s initial deposit, BinaryMate offers several account types:

Account type Min. initial deposit Welcome bonus Risk-Free Trades
Bronze $250 20%
Silver $1 000 50% 3
Gold $3 000 100% 3

However, BinaryMate offers demo trading solely to live account holders. That means, if there are any problems, you’ll learn about them when it is already too late.

The Company. Security of Funds

Affort Projects S.A.

Launched in 2020, BinaryMate website and trademark are owned by Affort Projects S.A., comany registered in the Seychelles. According to the information on the broker’s website, BinaryMate acts as an agent of Finance Group Corp., holding a financial services license from the Vanuatu Financial Services Commission (VSFC) .

Binary options brokers have increasingly bad reputation lately, as many of them, especially offshore ones and non-licensed and, turn out to be scams. The case with BinaryMate does not seem very promising either: there is an impressive number of client complaints against the broker (refused withdrawals, its prices don’t match the market direction, etc.) and actually behind the brand are two offshore companies.

Don’t be fooled by a Vanuatu license – this is just a shiny piece of paper anyone with $2,000 in his pocket can get. This is the minimum capital requirement for forex and binary brokers set by the VSFC. By comparison, CySEC requires at least EUR 730 000 in capital from new brokers, which acts as a deterrent for most scammers.

Trading Conditions

Trading Options: turbo, intraday and long-term options

Assets: Currencies, Stocks, Indices, Commodities

Expiry times: 30 sec – 1 month

Minimum Initial Deposit

The minimum initial deposit for clients of BinaryMate is $250, which is not that low. Many brokers require less – Grand Capital, for example, demands just $10.

The minimum bet size with this broker is $10, which is standard for the industry. By comparison, Grand Capital one can place a trade with just $1. Low minimum bet sizes allow for better risk management.

The payout percentage offered by BinaryMate ranges from 70% to 85%, which is also average. In comparison, payout percentage offered by Grand Capital reaches 86%.

Trading Platform

BinaryMate uses its proprietary web-based platform, where users can trade in binary options and CFDs. Copy trading services are also available.

BinaryMate’s proprietary platform. Click to see a larger image.

Methods of Payment

BinaryMate offers its clients wide range of payment methods: wire transfer, credit/debit cards, Skrill, Neteller, Perfect Money, OKPAY, Qiwi, as well as several cryptocurrencies (Bitcoin, Ethereum, Altcoins).

Conclusion

BinaryMate is a relatively young binary options broker, registered offshore. The fact that it is not regulated is the main reason why it is not recommended. Besides, its reputation is not good, and we find the type of options offered on its platform rather limited. To sum up the above, here are the advantages and drawbacks in relation to this broker:

Pros Cons
Average trading conditions Not regulated
Bad reputation
Limited binary options ofered (No One touch, Ladder, Double up, etc.)
No free demo accounts
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Brokers, Signals and Strategies
Leave a Reply

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