Binarymate review
Binarymate is a Multi-Assets Trading Platform with over 54+ Assets
Binarymate is a multi asset platform with 54+ tradable Assets. Assets available on Binarymate include Binary Options.
Binarymate trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Binary Options are considered financial assets.
Features of Binarymate
- Virtual Portfolio, or what is commonly known as a Demo Account
- Binarymate offers Advanced Financial Chart comparison tools
- Binarymate offers Research-backed analysis on financial markets and investments from top analysts
- The Binarymate platform is available to use on multiple devices including Apple Mac computers, and online through a Web Browser.
- Binarymate offers a trading platform with tools for both New Traders and Seasoned Experts
- Binarymate users benefit from using the Binarymate platform in over 15 different languages
Binarymate review
What you should know
Binarymate offer one way to trade: Binary Options. The assets and products available to you on the Binarymate trading platform depends on the region of the world, you are in and the Binarymate entity you have an account.
With Binarymate you will need a minimum deposit of $1000. You can sign up for a demo account to acquaint yourself with Binarymate platform.
Binarymate are able to accommodate various levels of traders whether you are experienced or a beginner.
Are Binarymate safe?
When considering Binarymate for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Binarymate, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2013, and in operation for 11 years Binarymate have a head office in Malaysia.
Binarymate is regulated. This means Binarymate are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Binarymate withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Binarymate are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Binarymate are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Binarymate and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Binarymate has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, Binarymate will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Binarymate, you can enjoy peace of mind and focus on your trading activities. If Binarymate violate any regulatory rules their regulated status could be stripped.
Your capital is at risk
Is my money safe with Binarymate?
All payments made to Binarymate by traders are securely held in a segregated bank account.
Binarymate uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should Binarymate use them?
Binarymate partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Binarymate clients' funds.
Binarymate clients can have greater confidence in their financial security when working with a Tier 1 bank because Binarymate are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in Binarymate deposited in a Tier 1 bank?
Depositing funds with Binarymate ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Binarymate were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that Binarymate is a secure and safe platform.
Please be aware that trading in financial assets with Binarymate carries a risk of loss. Binarymate trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Binary Options due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
Binarymate emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about Binarymate, let's closely examine its features.
To better understand the Binarymate trading platform, you can create two separate accounts - one with real money and the other a Binarymate demo account. A Binarymate demo account provides a risk-free environment for experimenting with the Binarymate platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Binarymate trading decisions.
Open a demo account Visit Binarymate
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How Binarymate as a Company Compare Against Other Brokers
Broker | binarymate | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Year Established | 2013 | 2007 | 2009 | 2007 |
Head Office | Malaysia | Australia | Belize | Cyprus, UK |
Regulation | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 |
Used By | 10,000+ Binarymate users | 180,000+ IC Markets users | 1,000,000+ Roboforex users | 30,000,000+ eToro users |
Negative balance protection | Yes | Yes | Yes | |
Guaranteed Stop Loss | No | No | No | |
Learn More | Visit Binarymate | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
Binarymate review
Binarymate Pros and Cons
Binarymate review
Binarymate Regulation and Licensing in more detail
Binarymate is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Binarymate going into insolvency. Binarymate compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Binarymate to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Binarymate traders.
Binarymate is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Binarymate you should be sure they're legitimate online agent.
Is Binarymate Global?
Yes, Binarymate is global as Binarymate is available in over 194 countries.
Binarymate is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Binarymate covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. Binarymate has a total of more than 10,000 users.
Binarymate review
Binarymate Fees Explained
- Binarymate withdrawal fees varies on payment method
- Binarymate does charge a fee for inactive accounts.
- Binarymate does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Binarymate are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.
Binarymate Costs To Check
Modern brokers like Binarymate provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Binarymate may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Binarymate trading profitability.
How Binarymate Fees Compare Against Other Brokers
Broker | binarymate | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Min Deposit | 1000 | 200 | 10 | 100 |
Withdrawal Fees | varies | No | Yes | Yes |
Inactivity Fees | No | No | Yes | |
Deposit Fees | Varies | No | No | |
CFD Commission Fees | Yes | No | Yes |
Binarymate Minimum Deposit
Binarymate requires a minimum deposit of 1000 GBP/USD/EUR when opening an Binarymate trading account.
A minimum deposit is the minimum amount of money required by Binarymate to open a new online brokerage account with them.
Don't be scared off by brokers like Binarymate charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like Binarymate, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
Binarymate Withdrawal Fees
The fees for withdrawing funds from your Binarymate account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Binarymate withdrawal request is important.
Binarymate Withdrawal rules may vary across different brokers when it comes to transferring funds from your Binarymate or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Binarymate may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the Binarymate withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Binarymate. Researching and comparing Binarymate withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Binarymate funds frequently or dealing with large sums of money. Awareness of these Binarymate fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Binarymate funds.
For example, Binarymate allows you to withdraw your funds to Credit cards, Debit cards, VISA, MasterCard, Bank Bank Wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money.
Binarymate Inactivity Fees
Binarymate does charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Binarymate terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all Binarymate fees and services. It's recommended that you check the Binarymate website before signing up. If you decide to close your Binarymate account, it's important to do so with the Binarymate broker customer support and obtain confirmation that no remaining Binarymate fees are due.
Brokers like Binarymate must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
Binarymate Deposit Fees
Binarymate do charge deposit fees.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
Binarymate Commission Fees
Binarymate does charge commission on CFD instruments.
Brokerage firms like Binarymate may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Binarymate trading account level held by the trader.
Binarymate may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Binarymate terms and conditions to understand the commission fees and any other charges that may apply is essential.
Binarymate review
What can you trade with Binarymate?
It's essential to note that the trading instruments offered under the Binarymate brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Binarymate trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with Binarymate over 54 instruments in fact.
If you want to trade currency pairs on global Forex markets, Binarymate offer over currency pairs.
Binarymate Compared To Other Brokers
Compare Binarymate with IC Markets and Roboforex below.
How Binarymate Trading Options Compare Against Other Brokers
Broker | binarymate | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Instruments Available | 54 | 2250 | 100 | 5000 |
Platforms | Android ,iPhone,Mac,iPade | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
FX / Currencies | ||||
Forex pairs offered | 61 | 35 | 50 | |
Major Forex pairs | Yes | Yes | Yes | Yes |
Minor Forex pairs | No | Yes | Yes | Yes |
Exotic Forex pairs | Yes | Yes | Yes | Yes |
Cryptocurrencies (availability subject to regulation) | Yes | Yes | No | Yes |
Commodity CFDs | ||||
Commodities Offered | 0 | 20 | 21 | 31 |
Metals | Yes | Yes | Yes | Yes |
Energies | Yes | Yes | No | Yes |
Agricultural | Yes | Yes | No | Yes |
Indiced & Stock CFDs | ||||
Stocks Offered | 2100 | 0 | 2042 | |
UK Shares | Yes | Yes | Yes | Yes |
US Shares | No | Yes | Yes | Yes |
German Shares | No | Yes | Yes | Yes |
Japanese Shares | No | Yes | Yes | Yes |
Risk Warning |
Visit Binarymate
Your capital is at risk |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Visit eToro
76% of retail investor accounts lose money when trading CFDs with this provider. |
Binarymate review
Trading on Binarymate web platforms and other applications
Binarymate provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.
A Binarymate iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.
Binarymate also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.
See Binarymate's platformsIs the Binarymate Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the Binarymate trading platform to protect you on PC and mobile Binarymate platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Binarymate web trading platforms.
Binarymate Trading Platform Options
Binarymate does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.
Binarymate offers its custom trading platform developed and tested in-house. The Binarymate trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.
The Binarymate platform allows traders to filter the financial marketplace for trade opportunities that match criteria.
With Binarymate, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Binarymate platform, including news and quotes. Discover possible trades with the strong charting tools found with Binarymate. Binarymate is available as downloadable applications or online through the cloud. Monitor your orders with Binarymate and receive breaking news in your positions.
Binarymate Trading benefits
Binarymate Trading Accounts Offered
Below we give an overview of the account types that Binarymate offer. Whatever you are looking to trade, the varying Binarymate account types will be able to provide you with what you need.
- Binarymate Demo account
- Binarymate Islamic account
Can I try Binarymate?
Binarymate provides a demo account that enables individuals to explore trading before investing their funds. By creating a Binarymate practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Binarymate demo account can help individuals to make informed decisions before investing their money.
Open a demo Binarymate account to practice and trade.
Your capital is at risk
Binarymate withdrawal and funding methods
It's essential to remember that the payment methods provided by Binarymate vary based on the Binarymate entity and the Binarymate client's country of residence. To view the Binarymate payment options available, you can log into your Binarymate member's area.
Binarymate offers various funding payment methods listed in your Binarymate dashboard if available in your region. To learn more about the Binarymate funding and withdrawal options available in your area, you can explore the Binarymate website.
Binarymate provides several payment methods for funding your Binarymate account. You may utilize any of these deposit options if they are available in your region. Binarymate ensures that users have multiple payment methods to choose from, making it more convenient for verified Binarymate account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Binarymate user's location. learn more about Binarymate funding and withdrawal methods.Binarymate Payment Methods
Some Binarymate payment methods are local and are available only to specific regions. Binarymate account holders should check which payment methods are provided in your region.- Binarymate accepts Credit cards
- Binarymate accepts Debit cards
- Binarymate accepts VISA
- Binarymate accepts MasterCard
- Binarymate accepts Bank Bank Wire transfer
- Binarymate accepts Bitcoin
- Binarymate accepts Ethereum
- Binarymate accepts Litecoin
- Binarymate accepts Altcoins
- Binarymate accepts Neteller
- Binarymate accepts Skrill
- Binarymate accepts Perfect Money
Broker | binarymate | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Bank transfer | Yes | Yes | Yes | Yes |
Credit Cards | Yes | Yes | Yes | Yes |
Paypal | No | Yes | No | Yes |
Skrill | Yes | Yes | Yes | Yes |
Payoneer | No | No | Yes | No |
Neteller | Yes | Yes | Yes | Yes |
*please note available Binarymate and other broker payment methods depend on the clients country of residence.
How can I start trading with Binarymate?
To open a trading account with Binarymate, individuals can sign up on the Binarymate website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for Binarymate account validation and making a deposit. Once completed, Binarymate users can download the trading platform of their choice.
It's important to note that Binarymate requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Binarymate maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Binarymate trading platforms is available on their website.
Your capital is at risk
Performing trades with Binarymate
When using Binarymate, the minimum trade size is typically $1 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Binarymate have a max trade of varies.
Binarymate, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like Binarymate can be useful for traders starting or with limited capital.
Like other brokers, Binarymate margin requirements can differ depending on the traded instrument.
Education Resources at Binarymate
To trade effectively with Binarymate, it's important to have a good understanding of the Binarymate trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Binarymate and externally.
Binarymate . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Binarymate. Familiarizing yourself with the Binarymate trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using Binarymate. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Binarymate involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like Binarymate, and risk management techniques can help you become a more confident and successful trader.
Take an analytical approach to trading with Binarymate. Explore the Binarymate platform and train yourself to think systematically and logically about the markets.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Binarymate, before live trading.
Customer Support at Binarymate
As part of our Binarymate review, we review customer service options, response times and problem resolution effectiveness on the Binarymate trading platform. The Binarymate trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
Binarymate Available Support Types
Based on our experience, we have given Binarymate a D grade for customer support. We encountered some slow response times or Binarymate queries that were left unanswered.
Compared to other brokers, Binarymate offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.
Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.Livechat Support at Binarymate
Our team tested the live chat support of Binarymate and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.
In addition, we tested Binarymate support services in various countries and languages and found that Binarymate were able to effectively resolve our customer issues.
Email Support at Binarymate
Binarymate does not offer Email Support.
Phone Support at Binarymate
We contacted Binarymate via phone and received quick assistance within 10 minutes of our call.
The Binarymate phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Binarymate and found that they could assist us in various languages.
While we found the Binarymate phone support satisfactory, there is room for improvement in response time.
See how Binarymate Support Compares Against Other Brokers
Broker | binarymate | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Support |
|
|
|
|
Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian |
Learn More | Visit Binarymate | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
What you will need to open an account with Binarymate
As Binarymate is regulated by Cyprus Securities and Exchange Commission (CySEC).
As a new client of Binarymate, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Binarymate in your region. During the Binarymate account opening process, you will be asked to provide Binarymate with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with Binarymate have the following documents available.
- Binarymate require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for Binarymate compliance. This must be dated within the last six months.
- If you plan to fund your Binarymate account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Binarymate platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under Binarymate Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Binarymate's platform.
However, remember that you won't be able to make trades on Binarymate until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Binarymate KYC compliance process as soon as possible to avoid any delays in accessing the Binarymate platform's features.
It is important to note that Binarymate may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Binarymate platform and features immediately. However, you must pass the verification process to start live trading with Binarymate, which can take up to a few business days.
To start the process of opening an account with Binarymate you can visit the Binarymate trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.binarymate.com on March 25, 2024.
Is Binarymate A Good Broker?
We have spent over 5 years examining Binarymate in depth. Although we found some very useful aspects of the Binarymate platform that would be useful to some traders. We feel that a alternative to Binarymate may better suit you.
- Binarymate have a good track record of offering Binary Options.
- Binarymate has a history of over 11 years.
- Binarymate has a reasonable sized customer support of at least 10.
- Binarymate are regulated by the Cyprus Securities and Exchange Commission (CySEC). Binarymate is subject to strict regulatory oversight from its respective jurisdiction, which holds Binarymate (the broker) accountable for misconduct. This regulatory framework helps ensure that Binarymate operates fairly and transparently and provides Binarymate customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Binarymate.
- Binarymate have regulation from reputable regulators.
- One of the advantages of using Binarymate is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Binarymate are particularly important as Binarymate traders want to receive their money quickly. With the efficient Binarymate payment processing system, traders can enjoy faster access to their Binarymate funds.
- Binarymate have an international presence in multiple countries. Including local Binarymate seminars and training.
- Binarymate can hire people from various locations in the world who can better communicate in your local language.
Binarymate Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
Binarymate not quite right?
If after reading this Binarymate review, Binarymate does not fulfill your needs check out these Binarymate Alternatives.
Click here to view the best Binarymate Alternatives
We have spent years researching the best alternatives to Binarymate. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective Binarymate alternatives available today. If you are unsatisfied with Binarymate or want to explore other options, we recommend checking out our carefully curated list of highly-rated Binarymate alternatives. Follow the links below to learn more about these Binarymate broker alternatives and choose the one that best suits your trading needs.
- IC Markets Review
- Roboforex Review
- eToro Review
- XTB Review
- XM Review
- Pepperstone Review
- AvaTrade Review
- FP Markets Review
- NordFX Review
- easyMarkets Review
- SpreadEx Review
- FxPro Review
- Plus500 Review
- Admiral Markets Review
- ThinkMarkets Review
- FXPrimus Review
- Trading 212 Review
- ForexMart Review
- Eightcap Review
- ForTrade Review
- Interactive Brokers Review
- Forex.com Review
- IG Review
- Robinhood Review
- Coinbase Review
- Binance Review
- ETX Capital Review
- Core Spreads Review
Related Binarymate Vs Comparisons
Throughout our comprehensive Binarymate review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing Binarymate against other popular brokers in the industry, check out our Binarymate Vs pages. Our team has compiled a series of detailed Binarymate comparison articles, pitting the Binarymate platform against some of the best-rated Binarymate competitors in the market. Dive into our informative Binarymate Vs pages below to find out how Binarymate stacks up against other leading brokers.
- Binarymate vs ICMarkets
- Binarymate vs Roboforex
- Binarymate vs eToro
- Binarymate vs XTB
- Binarymate vs XM
- Binarymate vs Pepperstone
- Binarymate vs AvaTrade
- Binarymate vs FPMarkets
- Binarymate vs NordFX
- Binarymate vs easyMarkets
- Binarymate vs SpreadEx
- Binarymate vs FxPro
- Binarymate vs Plus500
- Binarymate vs AdmiralMarkets
- Binarymate vs ThinkMarkets
- Binarymate vs FXPrimus
- Binarymate vs Trading212
- Binarymate vs ForexMart
- Binarymate vs Eightcap
- Binarymate vs ForTrade
- Binarymate vs InteractiveBrokers
- Binarymate vs Forex.com
- Binarymate vs IG
- Binarymate vs Robinhood
- Binarymate vs Coinbase
- Binarymate vs Binance
- Binarymate vs ETXCapital
- Binarymate vs CoreSpreads
Binarymate review
BINARYMATE Frequently Asked Questions
Read our detailed Binarymate FAQ Section updated for 2024.
Can I try Binarymate?
Binarymate offer a demo account so you can try the Binarymate platform with virtual trading before you put down a payment. Virtual trading with Binarymate is zero risk. Learn more here
What funding methods do Binarymate accept?
Please note that the list of payment methods below depends on the Binarymate Entity and the client's Country of Residence.
Binarymate offer the following funding payment methods Credit cards, Debit cards, VISA, MasterCard, Bank Bank Wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money, among other payment methods.
Learn more here
Is Binarymate safe?
Binarymate have over 10,000 users. Binarymate are considered reliable as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to Binarymate accounts by traders are held in a segregated bank account. For added security,Binarymate use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with Binarymate is risky, and because the market is so volatile, losses could happen at any time. Do not invest with Binarymate unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Your capital is at risk
Is Binarymate trading good?
Binarymate is considered good and reputable to trade with Binarymate. Binarymate is used by over 10,000 traders and Binarymate users. Binarymate offers Binary Options trading. Minimum deposit with Binarymate is 1000.
Is Binarymate trading Legit?
Binarymate was founded in Malaysia in 2013. Binarymate has been facilitating trade on the financial markets for over 11 years. Binarymate offers clients Binary Options trading. All funds deposited to Binarymate are held in segregated bank accounts for security. Binarymate is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.
Is Binarymate a good broker?
Binarymate allows Binary Options trading. Binarymate is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.
Is Binarymate trustworthy broker?
Binarymate is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Binarymate, money is in a segregated bank account that is separate from Binarymate company's funds. As a regulated broker, Binarymate cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Binarymate. Instead, your Binarymate funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Binarymate. Also Binarymate is regulated in its local jurisdictions including major financial regulators like Cyprus Securities and Exchange Commission (CySEC).
What is the minimum deposit for Binarymate?
The minimum deposit to trade with Binarymate is 1000.
How long do Binarymate withdrawals take?
Withdrawing money from Binarymate processing time varies depending on the method but averages 1-5 days.
Is Binarymate regulated?
Binarymate is regulated by the Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of Binarymate maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is Binarymate a market maker?
Binarymate is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.
How can I start trading with Binarymate?
When opening a trading account with Binarymate, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Binarymate trading platforms, you can follow the link provided below: Learn more about signing up with the Binarymate trading platform here. This will provide useful information and insights into the various trading platforms offered by Binarymate, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with Binarymate?
Yes your money is safe with Binarymate.
Overall, strict financial regulation is essential for ensuring that trading platforms like Binarymate operate fairly, transparently, and responsibly, which ultimately benefits all Binarymate stakeholders involved.
Trading platforms like Binarymate must have strict financial regulation for several reasons:
- Protecting Binarymate Investors: Strict financial regulation ensures that investors who use the Binarymate trading platform are protected against fraudulent or unethical behavior by the Binarymate platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Binarymate platform.
- Maintaining Binarymate Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Binarymate trading platform. Regulatory procedures reduce the likelihood of the Binarymate platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing Binarymate Transparency: Regulations require trading platforms like Binarymate to maintain detailed records and disclose Binarymate client information. Financial regulatory requirements enhances transparency and helps to build trust between the Binarymate platform and its investors.
Binarymate is regulated by the Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as Binarymate, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Binarymate ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Binarymate.
Is Binarymate a con?
Binarymate is regulated and well established, having been in business for over 11 years. Binarymate is not a con.
Can you make money with Binarymate?
Although traders have had great success with Binarymate, trading on the financial markets with Binarymate is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does Binarymate have fees?
Binarymate withdrawal fees vary on payment method.Binarymate does charge a fee for inactive accounts. Binarymate do charge deposit fees.
When was Binarymate founded?
Binarymate was founded in 2013.
How many people use Binarymate?
Binarymate is used by over 10,000 registered Binarymate users.
What is Binarymate Headquarters country?
Binarymate has its head quarters office in Malaysia .
Does Binarymate offer negative balance protection?
Binarymate does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does Binarymate offer guaranteed stop loss?
Binarymate does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does Binarymate allow scalping?
Binarymate does not offer scalping.
Does Binarymate allow hedging?
Binarymate does not offer hedging.
Does Binarymate offer CFD trading?
Binarymate does not offer CFD trading.
Does Binarymate offer STP?
Binarymate does not offer STP trading.
How many people use Binarymate?
Binarymate is used by over 10000 Binarymate users and traders.
Is Binarymate an ECN broker?
Binarymate does not offer ECN trading.
Does Binarymate offer a demo account?
Binarymate offers a demo account.
Does Binarymate offer an Islamic account?
Binarymate offers an Islamic account.
What are the funding methods for Binarymate?
Please note that funding methods and options available with Binarymate can be found in the Binarymate Members area and depend on the Binarymate client’s country of residence. Please check your specific available payment methods on the Binarymate website. Binarymate accept the following funding methods : Credit cards, Debit cards, VISA, MasterCard, Bank Bank Wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money.