Binarymate Review 2020

Binarymate Rated 3/5
learn more Learn more about XTB. Your capital is at risk

Binarymate Guide

Binarymate are an online broker founded in 2013 offering Binary Options trading.

Binarymate are a global broker and have a head office in Malaysia.

Binarymate have a listed stock symbol. This means that Binarymate have publically listed and you can officially buy shares in Binarymate on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Binarymate we break down the pros and cons. What Binarymate are able to offer, what countries Binarymate are available in. Who Binarymate are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Binarymate

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC)
  • Headquarters Country : Malaysia
  • Foundation year 2013
  • Min Deposit : 1000
  • Used by over 10,000 traders
  • Binarymate is not available in the following countries :
Open Binarymate's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Binarymate

With this review we hope to help you see if Binarymate is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Binarymate that will help you get off to a good start in the world of online trading.

Binarymate Review Table of Contents

Binarymate what you should know

Binarymate offer one way to trade: Binary Options.

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 choosing a broker like Binarymate the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2013, and in operation for 7 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.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Binarymate, this will be honored. If Binarymate violate any regulatory rules their regulated status could be stripped.

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 banks financial health and strength.

Try creating two accounts when you are working with Binarymate. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Binarymate

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker binarymate XTB eToro Pepperstone
Year Established 2013 2002 2006 2010
Head Office Malaysia Poland Cyprus, UK Australia
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes No Yes
Guaranteed Stop Loss Yes No No
Learn More Visit Binarymate Visit XTB Visit eToro Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Binarymate Pros and Cons

What we like about Binarymate

  • Used by over 10,000 traders
  • Established in 2013
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $1000

What we don't like about Binarymate

Binarymate Financial Regulation and Supervision in more detail

We have checked and Binarymate is regulated and supervised by reputable organisations. You are able to check every Binarymate supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Binarymate. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Binarymate traders and provide a safe trading environment.

Binarymate is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Binarymate you should be sure they're legitimate online agent.

Binarymate General Fees

  • Binarymate withdrawal fees varies on payment method
  • Binarymate does charge inactivity fees
  • Binarymate does charge deposit fees
Broker binarymate XTB eToro Pepperstone
Min Deposit 1000 0 200 200
Withdrawl Fees varies varies Yes No
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees Yes No Yes

Binarymate Commissions

  • Binarymate does charge commission on CFD instruments.

What can you trade with Binarymate?

You can trade a wide variety of instruments with Binarymate over 54 instruments infact.

If you are looking at trading currency pairs Binarymate offer over currency pairs.

Compare Binarymate with XTB and eToro below.

Your capital is at risk

Broker binarymate XTB eToro Pepperstone
Instruments Available 54 1,500 100 100
Platforms Android ,iPhone,Mac,iPade MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit Binarymate Visit XTB Visit eToro Visit Pepperstone
Forex pairs offered 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit Binarymate Visit XTB Visit eToro Visit Pepperstone
Commodities Offered 0 21 0 16
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes No
Indiced & Stock CFDs Visit Binarymate Visit XTB Visit eToro Visit Pepperstone
Stocks Offered 1696 957 60
UK Shares Yes Yes Yes No
US Shares No Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on Binarymate web platforms and other applications

Binarymate offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

An 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, making it easier to keep an eye on and execute your trades while you’re on the move.

See binarymate's platforms

Binarymate Trading benefits :

Binarymate Trading Accounts Offered :

  • Demo account
  • Islamic account

Can I try Binarymate before I buy?

Binarymate offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Binarymate withdrawl and funding methods.

Binarymate offer the below funding payment methods. learn more about Binarymate

  • Credit cards
  • Neteller
Broker binarymate XTB eToro Pepperstone
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with Binarymate?

When opening a trading account with Binarymate, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Binarymate trading platforms here.

Performing trades with Binarymate

Binarymate allow you to execute a minimum of trade of $1. This may vary depending on the account you open. Binarymate allow you to execute a maxium trade of varies.

As a market maker, Binarymate may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Binarymate

To trade effectively with Binarymate, it's important to get a have a good understanding of the Binarymate trading tools and the markets.

Binarymate offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Binarymate.

Take time to look around the Binarymate platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Binarymate

Binarymate support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Binarymate have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Binarymate less customer support features compared to other brokers like live chat, phone and email support. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Binarymate

We tested the Binarymate live chat and it works well. We sent messages to Binarymate livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Binarymate support in multiple languages in multiple countries. Binarymate where able to resolve our customer issues.

Email Support at Binarymate

Binarymate does not offer Email Support.

Phone Support at Binarymate

We called Binarymate and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Binarymate phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Binarymate team by calling in varying languages. Binarymate made an effort to make sure our queries were answered.

Overall the phone support from Binarymate was okay.

See how Binarymate Support Compares Against Other Brokers

Broker binarymate XTB eToro Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, German, Spanish, French, and Italian English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit Binarymate Visit XTB Visit eToro Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with Binarymate

As Binarymate is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Binarymate's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Binarymate you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.binarymate.com on 12th August 2018.

Is Binarymate A Good Broker?

We spent over 3 months examining Binarymate in depth. Although we found some very useful aspects of the Binarymate platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Binarymate broker.

  • Binarymate have a good track record of offering Binary Options.
  • Binarymate has a history of over 3 years.
  • Binarymate has a reasonable sized customer support of at least 10.
  • Binarymate are regulated by Cyprus Securities and Exchange Commission (CySEC). This means Binarymate fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Binarymate have regulation from a Tier 1 reputable country.
  • Binarymate has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Binarymate have an international presence in multiple countries. This includes local Binarymate seminars and training.
  • Binarymate are able to hire people from various locations in the world who can better communicate in your local language.

Binarymate Risk Disclaimer

Your capital is at risk

Binarymate not quite right?

Check out these Binarymate Alternatives

We have spent years researching the best alternatives to Binarymate. Click the links below to learn more.

If you feel some of the above Binarymate are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Binarymate alternatives below.

Related Binarymate Comparisons

If you would like to see how Binarymate stands up against other brokers you can read some of our Binarymate comparisons below. We compare side by side some of our top rated Binarymate versus comparisons. Read some indepth Binarymate VS pages below.

BINARYMATE Frequently Asked Questions

Can I try Binarymate before I buy?

Binarymate offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Binarymate accept?

Binarymate offer the following funding payment methods accept Credit cards, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is Binarymate safe?

Binarymate are considered safe 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 banks financial health and strength.

Is Binarymate trading good?

Binarymate is considered good and reputable to trade with. BinarymateBinarymate is used by over Binarymate active traders. Binarymate offers Binary Options trading. Minimum deposit with Binarymate is mindeposit.

Is Binarymate trading Legit?

Binarymate was founded in Malaysia in 2013. Binarymate has been facilitating trade on the financial markets for over 7 years. Binarymate offers clients Binary Options trading. All funds deposited to Binarymate are held in segregated tier 1 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 is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.Binarymate allows Binary Options trading.

Is Binarymate trustworthy broker?

Binarymate can be considered trustworthy. All money funded to Binarymate is placed into a segregated tier 1 bank account. this means your money in not held by Binarymate directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Binarymate is regulated by 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 but averages 2-5 days.

Is Binarymate regulated?

Binarymate is regulated by Cyprus Securities and Exchange Commission (CySEC).

Is Binarymate a market maker?

Binarymate is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer 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. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Binarymate trading platforms here.

Is my money safe with Binarymate?

Binarymate is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like Binarymate is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Binarymate, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Binarymate a con?

Binarymate is regulated and well established having been in business for over 7 years. Binarymate is definitely 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 varies on payment method. Binarymate does charge inactivity fees. Binarymate does charge deposit fees.

When was Binarymate founded?

Binarymate was founded in 2013.

How many people use Binarymate?

Binarymate is used by over 10000 registered traders.

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 means 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 guarenteed to close your trade at your specified price.

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 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 a Islamic accounts.

What are the funding methods for Binarymate?

Binarymate accept the following funding methods : Credit cards, Neteller,

Binarymate review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Binarymate brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Binarymate review written by Mark Hansen of Comparebrokers.co