BinaryMate review and independent evaluation

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    Best Binary Options Broker 2020!
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  • BINOMO
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    2nd place in the ranking!

Binary Mate Review

WARNING: BinaryMate is not licensed and regulated in the United Kingdom. If you are a UK resident then you are not allowed to register and trade at BinaryMate.

A good binary options broker is hard to come by, though easy to identify. BinaryMate is one such broker. The platform design the broker provides is a digital masterpiece, and you couldn’t ask for a smoother interface. This broker may be less than a year old, but the fact that it boasts of the prestigious UK licensing means it offers a quality trading experience that has rightly made the binary options world stop and take notice. BinaryMate has a huge selection of assets, can processes withdrawals in under an hour, and lets you trade without limits, thanks to low minimum investment requirements, several assets, and high payout rates.

While some binary options brokers have taken years creating what would be considered a half-decent trading experience, Binary Mate only needed a few months to create a world-class binary options platform. That is remarkable, especially considering that the company has also managed to get licensing from the highly discriminating UK regulatory authority, a feat that has eluded many established binary options brokers.

The easy elegance of this broker’s site will leave no questions as to the quality of its services, and the multi-platform trading interface, more so. And that’s before you take into consideration the incredibly generous payout rates Binary Mate is offering. In this review, you will learn all you need to know about this new binary options star, and why this binary options company could be your best bet for a wholesome trading experience.

Platform and Software

In all honesty, few binary options companies can give you as good a trading platform as the one Binary Mate is offering. And it’s not just the effortlessly smooth appeal you will be getting. The functionality of this trading interface is utterly impressive, and that’s saying something considering how far binary options trading technology has come.

Oh, and the company offers the platform to both PC and mobile users; and the latter group of traders will be treated to the feature-rich platform that is also available to desktop users.

It is worth mentioning that the mobile trading platform and software can handle all the binary options; and that means it is possible to trade in 60-second options, One Touch options, and so forth. Furthermore, it is possible to handle any account operations as you use this platform. These include the ability to pull your entire trading history, view live charts, and even execute trades instantly.

In the course of this review, all these features worked flawlessly. A reliable mobile trading platform has always proven itself a good litmus test of the reliability of the platforms and software a company offers its customers.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

Types of Options Available

There is no shortage of options you can trade in while using Binary Mate. Basically, you can find High/Low, One Touch, 60-Second, Ladder, Pair, Turbo, ProFollow, and even Long Term options when using this broker. With the ProFollow options, you can mimic the trading behavior of the most successful traders.

Assets Offered

The assets offered by this broker come from various financial markets. You can trade in currencies, stocks, indices, and even commodities. There are over a hundred of them, but some of the major assets the company offers include the following.

Currencies: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/CNH, USD/JPY, USD/PLN, USD/RUB, USD/SEK

Commodities: GOLD, PLATINUM, SILVER

Stocks: BMW, BAYER AG, BRITISH AMERICAN, LLOYDS BANKING, BANCO SANTANDER, BARCLAYS, DAIMLER AG, DEUSTCHE BANK AG, GAZPROM, HSBC, LUKOIL, METRO AG, RIO TINTO, SAP, SBERBNK, SIEMENS, TELEFONICA, VODAFONE, VOLKSWAGEN

Indices: STOXX 50

Payouts and Commissions

The payouts offered by this company are pretty good. The maximum payouts you can hope for is about 95%, which brings the average payout to an enticing 90%. The payout rates will obviously also depend on the type of option you are using. Some options will even offer a payout rate of just 75%.

Bonuses and Promotions

BinaryMate has very good bonuses, and they are available even to traders making the smallest initial deposit. For a deposit of $250, the bonus amount offered is 20%. Past a deposit of $1000, you will qualify for a 50% bonus, while with a deposit of between $3000 and $5000, you will qualify for a bonus of 100%.

Furthermore, if you qualify for a bonus of at least 50%, you will also get a chance to make your first 3 trades without any risk on your part. That means a loss will result in the company compensating you through a trading bonus. As you can see, the broker is quite generous. In fact, it claims that you can get up to $100,000 in bonuses, and at its discretion, you can get offers beyond this mark as well.

Deposits and Withdrawals

At the moment, BinaryMate offers its customers the option to fund their accounts, and withdraw money from them, using 11 different methods. They are incredibly detailed on how the different payment methods work, including the regional implications behind their use. For instance, it has been explained which methods will not work in North America, and the methods that are appropriate for Eastern Europe.

But beyond that, this broker is offering a rare feature – free processing of deposits and withdrawals. However, third party charges might apply; but that’s obviously beyond the broker’s control. As for the payment processing times, this is where the broker truly shines.

In most cases, deposits will be processed in an instant. In the rest of the cases, deposits will be processed within an hour of making a deposit. When it comes to withdrawals, you can expect a similar experience; and I think most traders would agree that is where the impact of the speedy payment processing methods can be truly appreciated.

In general, payments are processed within an hour. Only two payment processing methods will have you wait for up to 6 hours before your withdrawal is processed. Otherwise, the payment processing methods are Visa and Mastercard, JCB, UnionPay, NETELLER, Perfect Money, WebMoney, Qiwi Wallet, Yandex Money, OK PAY, Alipay, and the popular cryptocurrency, Bitcoin.

Customer Support and Contact

In its customer support services lies one of the company’s greatest features. Besides the fact that support is provided 24 hours a day for 7 days a week, this support is of the highest possible quality. The support is multilingual, and video chat is available whenever you need it. The video chat feature is one of a kind, and it’s brilliant. You can also see what’s going on in group chat, and take part. But you can also engage in private chat with the company’s support staff.

General Impression

In general, BinaryMate is a great binary options broker; and literally every aspect of its trading platform alludes to this fact. Some broker stand out for one incredible feature or another, but this broker has a whole list of them – withdrawals are processed instantly, payout rates are incredibly high, the bonuses are some of the best you can hope for, and the customer support is both effective and revolutionary.

You can also trade in all kinds of binary options, and using a larger selection of assets than you could ever need. So, if you have been waiting for a broker that has it all before you can give binary options trading a try, BinaryMate might be what you need. If you want to get started, then head over to BinaryMate’s website here.

BinaryMate reviews & complaints 2020 – 2 reasons to avoid

I decided to write this BinaryMate review to give you an idea how you can deduce a bad broker from traders’ complaints. Because not all negative comments are true.

I usually search for days to collect the most important complaints about a binary options broker. That was not necessary for BinaryMate complaints. There are lots of them.

BinaryMate

Broker Name: BinaryMate
Platform: BinaryMate
Founded: 2020
Bonus: 50%
Return/Refund: 75-90% / 0-15%
No. Of Assets: 90
Regulated: No
Demo Account: Yes
Minimum Deposit: 250
US Traders: Not Accepted

BinaryMate Review

BinaryMate is a major red flagged broker with so many complaints I can’t believe they are still open. According to their Terms and Conditions, BinaryMate is operated by Finance Group Corp, having its registered office at 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu, holding financial services license in that country. Finance Group Corp should be familiar as it is associated with other known scam brokers.

Editor’s Note: Why BinaryMate Sucks in 50 Words

BinaryMate is a shady broker, no other why to say it.

Why BinaryMate Doesn’t Suck in 50 Words

You know how all brokers show pictures of beautiful women on their live chat? Yea, I’m sure you do. Well, with BinaryMate I am actually sure the girl in the pic is the girl I’m talking to, so that’s one thing they don’t lie about. For all, I know the skinny and beautiful girls from the pics of other brokers can be hairy males, with big, round bellies.

Is BinaryMate a Scam?

Hmm, let me think about it: not regulated, not sure about the owning company, not sure about regulation and millions of complaints. It walks like a duck, talks like and quacks like a duck so it must be a duck. Beware of BinaryMate.

Should I Open An Account With BinaryMate?

If you are looking for a broker, it’s time to stop reading this review and start looking elsewhere (hint: Ayrex, or 24Option, etc.). According to some sources, BinaryMate was launched in mid-2020 but we couldn’t confirm the date; no matter their age, they don’t look very trustworthy to me. Honestly, seeing girls patting their hair and playing with their shirt buttons is NOT what I would call a professional environment and so far it looks more like a joke to me.

The platform is developed in-house, according to their welcoming but slow female video hostesses. I asked if they are regulated and one of the hostesses said something along the lines of We are a binary trading platform. Well, duh, ok but that’s not what I asked. Moving on to the actual platform, it is a very basic and lackluster instrument for trading, without any advanced charts or features that could make me recommend them. One thing I don’t understand: they call their trading CFD and Forex and honestly I don’t know what they’re talking about because from what I see it’s simple binary options, but hey, they know better then me I guess.

They have a very vague FAQ section and on the education side they say they will give me “CFD trading video lessons”. Guess what: when I click on the given link, I get transported back to the video chat so all I can assume is that the beautiful and “knowledgeable” hostesses will teach me the intricacies of the financial market. If you want to trade binary options, find a broker. As for BinaryMate, use it as you see fit.

BinaryMate Complaints

You don’t have to look hard to find a BinaryMate complaint, believe me. They are everywhere and they range from failed withdrawals to price manipulation, cancelled profits, and idiotic representatives that don’t know a trading tool from a lipstick case. I’d say these are the worst nightmares of any trader so use this broker at your own risk.

BinaryMate Regulatory Warnings and Announcements

22.9.17 – BinaryMate is warned by Frances AMF for operating without proper licenses and regulation.

BinaryMate Bonus

The Bonus ranges from 20% for a $250 deposit to 100% for a $3,000 deposit. Withdrawals from accounts with bonuses can be performed only if a turnover of (deposit + bonus)*3 has been reached. If the client wishes to withdraw the bonus, he must achieve a turnover of (deposit + bonus)*20. I recommend you carefully read their Terms and Conditions if you want to deposit.

BinaryMate Withdrawal

Withdrawals are processed in one hour according to their website (I have my doubts about that, processing doesn’t mean delivery) and additional time will pass until the money reaches your account. The minimum withdrawal is $50 but the client will NOT be able to withdraw if he/she hasn’t turned over the deposited sum at least once even if the account didn’t receive any bonus. So, if you deposit $1,000, you will have to place trades of at least $1,000 before you can withdraw. The account must be verified before withdrawal but keep in mind that “Documents must be certified as true original copies by a notary public, or at the post office” according to their Terms and Conditions.

BinaryMate Extras

Well, the obvious Extra here is the video chat, with the possibility to tip the hostesses. Do I like it? Nope, not one bit, but it’s an extra nonetheless.

BinaryMate Ratings

User Friendly 12/20

The video chat feature should make them user-friendly but actually, that’s not the case. The girls take too long to answer and when they do, they are not very knowledgeable. Also, the connection was reset several times and I had to type the question again and again. The website is only available in English, information is hard to get, U.S. customers are not allowed and Demo is not available.

No. of Assets and Expiry Time 12/20

This is a first: the asset list is only available after registration. I talked to a hostess and asked her to show me their Asset Index because I couldn’t find it anywhere on the website. “Only after registration” she replied. Ok, so I registered (ah, the things I do for you) and I can tell you they have 25 currency pairs and 3 commodities. That’s it! The expiry time ranges from 1 minute to 2 minutes, 5, 10, 15 and 30 to intraday and long term.

Commissions, Support and Effective Return 11/20

There are no commissions for placing trades and support is… well, we’ve been talking about support all along, haven’t we? Anyway, support is very bad in my opinion, because you can’t get a straight answer to almost any question, all they do is ask you to register. The effective return goes as high as 80%, without any refunds.

Deposit, Payment and Bonus 12/20

The minimum deposit is $250 and the available methods are credit cards, Neteller and Skrill. Withdrawals can be made via the same methods, plus bank transfer. Note that bank transfer doesn’t appear to be a valid method for deposits because it’s not listed on their Account Funding page. The Bonus can go as high as 100% and I recommend you carefully read their T&Cs for details regarding turnover.

Website Extras 1/20

Video chat and tips for girls! Welcome to binary options trading in 2020! I don’t think this is what we need…

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

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