Binary Mate Alternatives: Updated for 2024
This alternatives to Binary Mate guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to Binary Mate to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Binary Mate like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their clients. If you feel that Binary Mate is not quite right for you then it would be worth getting a virtual account with some of the top Binary Mate alternatives and ensuring that they are a better fit for you before moving any money around.
The most detailed review of Binary Mate alternatives on the internet
There are a lot of reasons Binary Mate may not be a good fit for you. Whatever reason you are hunting for a better Binary Mate alternative or Binary Mate competitor with better services, comparebrokers.org try to give you as much helpful information so you can make an informed decision. Below you can discover the best Binary Mate alternatives.
For each of our alternative to Binary Mate, we break down the key differences to Binary Mate and for each section show you the best alternatives. For each Binary Mate alternative online broker shown we also have detailed trading platform reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are not happy with Binary Mate, we can show you some great alternative online trading platformsbrokers|online trading platforms|brokerages.
Having a professional and dependable trading platform is important for having a successful trading career. All of the Binary Mate alternative brokers listed in this Binary Mate alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
Binary Mate has a minimum desposit of $1,000, you should check how the minimum deposit requirements of Binary Mate compare with the minimum deposits of Binary Mate competitors. Online brokers often offer lower minimum deposits to get traders to test them out, but having higher a minimum deposit isn’t always a bad thing, it all comes down to your individual trading needs.
Alternatives Offering Demo Accounts
Binary Mate offers demo accounts so you can test your trading strategies before risking any real money. Inexperienced traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before signing up for a live account.
Below we show some of the best alternatives to Binary Mate that offer demo accounts.
Alternatives Offering Negative Balance Protection
Binary Mate does not provide negative balance protection. If your balance is unfavorable, Binary Mate indicates you contact client services. So you are able to fix any imbalances within your account.
Below we show some of the best alternatives to Binary Mate that offer negative balance protection.
Broker | Offers Negative Balance Protection? | Find Out More |
---|---|---|
Binary Mate |
No | |
Startrader |
Yes | |
freetrade |
Yes | |
easyMarkets |
Yes | |
Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
Binary Mate unfortunately, doesn't provide guaranteed stop loss. Binary Mate gives a chance to its traders to close their trade at their specified price. Apart from this, Binary Mate does not offer guaranteed stop loss.
Below we detail some of the best Binary Mate alternatives that has guaranteed stop loss available for their customers.
Broker | Offers Guaranteed Stop Loss? | Find Out More |
---|---|---|
Binary Mate |
No | |
easyMarkets |
Yes | |
Uphold |
Yes | |
instaforex |
Yes | |
FreshForex |
Yes |
Alternatives Offering Scalping
Binary Mate do allow scalping. Several traders throughout the world select Binary Mate for their services that are trading. They offer trading on Android ,iPhone,Mac,iPade which allow this.
Below we show some of the best alternatives to Binary Mate that allow scalping functionality to their customers.
Alternatives That Allow Hedging
Binary Mate do permit hedging. Several traders around the world select Binary Mate due to their hedging services. They offer trading on Android ,iPhone,Mac,iPade.
Below we list some of the best alternatives to Binary Mate that allow hedging services to their customer base.
Alternatives That Allow Social Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Binary Mate offers social trading which encompasses leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we list some of the best Binary Mate alternatives that has social trading capabilities.
Alternatives That Allow Copy Trading
Binary Mate's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is calculated social trading..
Below we list some of the top alternatives to Binary Mate that has copy trading to their users
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Table Of Contents
- Binary Mate alternatives with lower minimum deposit requirements
- Binary Mate alternatives with demo accounts
- Binary Mate alternatives with negative balance protection
- Binary Mate alternatives with guaranteed stop loss
- Binary Mate alternatives that allow scalping
- Binary Mate alternatives that allow hedging
- Binary Mate alternatives that allow social trading
- Binary Mate alternatives that allow copy trading