Binary Mate Guide – Read our In-Depth Binary Mate Review
Binary Mate Rating: 5.97 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Binary Mate review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Binary Mate review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the world of trading and broker, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You will acquire adept at all of the concepts of broker since you continue trading. For starters, you need to choose the ideal agent who'll be clear with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan will create hefty returns. Binary Mate is just one such platform which will take you and your investment into great heights. It is important that you know about Binary Mate until you trust them with your cash.
Binary Mate Review – Quick Summary
Binary Mate Telephone Number:
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Cyprus Securities and Exchange Commission (CySEC)
Number Of Clients:
10,000+ Binary Mate users and traders
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Your capital is at risk
Our entire Binary Mate Review covers all you will need to learn about trading with Binary Mate. A good agent can multiply your initial investments and give you favourable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully assess your broker before you select them. It is a common misconception that all agents are exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.
Binary Mate is a broker which has paved its way successfully into the broker world. In this review, we've tried to collate some of the vital facets of Binary Mate. This review will help you to know whether Binary Mate is a fantastic fit for your own investments or not. We've attempted to breakdown all the qualities and fees for your convenience.
Binary Mate Review, Table Of Contents
- Who are Binary Mate?
- Benefits Of Trading With Binary Mate
- Everything you should know about trading with Binary Mate
- Is Binary Mate Safe To Trade With?
- Binary Mate Risk Disclaimer
- Pro's & Con's Of Trading With Binary Mate
- Compare Brokers Similar To Binary Mate
- Regulation And Licencing In More Detail
- Binary Mate Awards
- Minimum Deposit Required For A Live Account With Binary Mate
- Binary Mate Commission And Fees Explained
- Compare broker fees against Binary Mate
- Binary Mate Withdrawal Fees Explained
- Binary Mate Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Binary Mate?
- Alternatives To Binary Mate
- Frequently Asked Questions About Binary Mate
Who are Binary Mate?
Binary Mate is a forex broker headquartered in Malaysia and provides a variety of instruments for trading. Since its inception in 2013, Binary Mate has emerged as a leading player in the field of online brokerage. Binary Mate has an extremely aggressive and full-featured trading site that is focused on forex, indices, metals, stocks and commodities.
Over the past 8 years, Binary Mate has grown into one of the leading online brokers.
After establishing in 2013, their consumer base has become as big as 10,000+ clients.
Binary Mate is a favourite for many dealers.. Our Binary Mate review found that they're an superb choice for automated trading solutions. It is best suited for investors who are looking for a variety of assets. Social and automated trading options are the heart at Binary Mate.
Technology plays a significant role in Binary Mate. Binary Mate offers trading on Android ,iPhone,Mac,iPade. Binary Mate is fair, transparent, and also a well-regulated broker by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also provide in-house analysis.
The educational department at Binary Mate is very enlightening for new dealers as it allows them to get a closer look in the financial markets. Binary Mate caters to all sorts of traders and are a must-have broker for any well-diversified approach to trading.
Binary Mate Videos
If you feel that Binary Mate is not right for you then at the bottom of this Binary Mate review you wil find a lot of alternatives to Binary Mate.
Everything you should know about trading using Binary Mate
Binary Mate is a dynamic platform that offers various procedures of online trading. These tools cover the monetary markets substantially. Most of the broker platforms provide fewer procedures than Binary Mate
If you want to trade with Binary Mate, you'll need a minimum deposit of $1000. This deposit is mandatory if you would like to start trading with Binary Mate. This 2021 Binary Mate review will guide you safely about trading with them.
Binary Mate is as versatile as another brokerage platform. Binary Mate is excellent for traders that want a manageable assortment of cheap services. The programs provided by Binary Mate are third party, white-label offerings. All traders can select out of Android ,iPhone,Mac,iPade.
Along with everything, Binary Mate has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade must be kept open. The agents offer premium client service that rewards clients with benefits.
Many unethical brokers try to pressurise consumers into larger financing for premium services. Binary Mate, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater benefits will come along.
Binary Mate accounts are available globally and provides quality service wherever they have customers. There are some select few countries where Binary Mate accounts are not available. Traders in the following countries cannot open or use a Binary Mate account:
BR, KR, IR, IQ, SY, JP, US
Is Binary Mate Safe To Trade With?
Established in 2013, Binary Mate has been in operation for 8 years, they have a head office in Malaysia.
Binary Mate is regulated by Cyprus Securities and Exchange Commission (CySEC). These figures have rules that make sure that trading platforms have ploicies in place to maintain investor's resources procured. This usually means that Binary Mate users do not need to be worried about their money as it is segregated and safely stored in established banks. SSL encryption simplifies each user's private information as well.
You can make use of a choice for Two Factor Authentications (2FA) with Binary Mate for heightened safety. An SMS for the verification code will be sent to your mobile phone. You will be asked to input this code to log in to your accounts.
Another concern with fiscal brokers with regards to safety may be manipulation of trading. This is highly disadvantageous for users on those platforms. Nonetheless, this is more prevalent in the case of Market Maker agents who compete with users on the stage.
Binary Mate Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Binary Mate
Every online trading platform has some ups and downs, and no Binary Mate review would be complete without having a balanced approach. This Binary Mate review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Binary Mate Pro's
- Binary Mate is trusted by 10,000+ clients
- Binary Mate doesn't charge withdrawal fees
- Binary Mate doesn't charge inactivity fees
- Binary Mate doesn't charge deposit fees
- Binary Mate doesn't charge CFD fees
- Binary Mate offers social trading
- Binary Mate offers copy trading
- Binary Mate offer trading on Android ,iPhone,Mac,iPade
- Binary Mate offer 54 trading instruments
- Binary Mate trades major forex pairs
- Binary Mate trades exotic forex pairs
- Binary Mate offers trading on cryptocurrencies
- Binary Mate can communicate in English, and Chinese
Binary Mate Con's
- Binary Mate does not offer Negative Balance Protection
- Binary Mate does not offer Guaranteed Stop Loss
- Binary Mate has high minimum deposit requirements
- Binary Mate doesn't trade minor forex pairs
- Binary Mate doesn't offer trailing stop
Binary Mate Review - Compare Brokers Similar To Binary Mate
|Binary Mate||Baker Young Stockbrokers||Markets.com||Hargreaves Lansdown|
|Rating||5.97 / 10||0.63 / 10||5.89 / 10||4.51 / 10|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Unregulated||Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||84% 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.||Losses can exceed deposits|
Binary Mate Review - Regulation And Licencing In More Detail
Binary Mate is regulated by Cyprus Securities and Exchange Commission (CySEC).
Binary Mate, as a business, has a strong set of rules for ensuring fair trading on its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer information is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
Binary Mate Review - AwardsAt the time of writing this Binary Mate review, and despite Binary Mate’s impressive offering, the company has surprisingly not garnered any other awards to date.
Binary Mate Trading Platforms
Binary Mate are a professional trading platform that has been open for over 8 years. They offer a wide range of options in their client accounts.
Below we take the main parts of any good brokerage and compare Binary Mate against Baker Young Stockbrokers, Markets.com, and Hargreaves Lansdown
Binary Mate Review - Minimum Deposit Required
The minimum deposit you must deposit to get started on Binary Mate is $1000. This is a decent amount for people just starting out. It's possible to create more advanced residue as you go along. However, make certain you understand how to make the most of your cash before investing in larger sums.
Binary Mate Review - Commission And Fees Explained
Binary Mate is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three types of fees for this purpose.
The first kind of fees to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading fees. In such cases, you're spending a spread, funding rate, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those who are charged when you maintain a leveraged position for longer than a day.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your account. They're charged for services like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, Binary Mate does not charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who often trade, such as weekly or daily trading.
However, non-trading fees charged by Binary Mate are comparatively competitive. As a result, you are charged more for non-trading activities on your trading account, like deposits and withdrawal. These are not related to the sale and purchase of assets.
This Binary Mate review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against Binary Mate
Binary Mate Review - Withdrawal Fees ExplainedBinary Mate doesn't charge withdrawal fees
Withdrawal of money is possible at any time from the Binary Mate account. You can draw up sums to the sum of your account balance, keeping aside the perimeter used. 1 thing to remember is that you don't always need to have any cash on your accounts.
Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent into the card. Binary Mate will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you are choosing to draw in.
Binary Mate Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your mind while open an account with Binary Mate. An inactivity fee is an amount charged to registered dealers that haven't engaged in purchasing or selling for a while. The period considered inactive is determined by the agent.
The inactivity fee differs from 1 broker to another and isn't generalized. If a dealers account does not have a purchasing or selling trade, it is claimed by the broker as an inactivity charge. The traders need to pay this commission under terms and conditions that they had agreed while registering.
Binary Mate doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees are implied by Binary Mate, it's best for you to close the account if you're inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is subjected to many conditions and should be revealed clearly by the agent beforehand.
Binary Mate Review - Deposit Fees Explained
When you move money into your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers don't charge an excessive amount of money for this particular operation.
Binary Mate doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Binary Mate trading platform is simple. You just have to complete a single-user profile questionnaire to begin depositing money into your trading account. You'll need to provide an identity proof and proof of residency to deposit large sums.
Binary Mate Review - Compare Broker Deposit Methods
What Can You Trade With Binary Mate?
Note: Binary Mate provides a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will be different depending on the country of residence of the client.
Binary Mate has a wide variety of over 54 instruments available for you to trade with.
If trading forex pairs is of interest to you then Binary Mate offer over forex pairs.
Compare Binary Mate, Baker Young Stockbrokers, Markets.com & Hargreaves Lansdown below.
Reviewing The Binary Mate Mobile App
Note: Binary Mate's mobile app has a lot of functionality and is being constantly developed. The table below was correct at the time of writing this Binary Mate review.
Understand the capabilities of the mobile apps of Binary Mate, Baker Young Stockbrokers, Markets.com & Hargreaves Lansdown below.
Alternatives To Binary Mate
If, after reading this Binary Mate review, they do not quite fulfill your requirements check out these Binary Mate alternatives.
We have scoured the web to find the best alternatives to Binary Mate. Click on the links below to find out more.
Frequently Asked Questions about Binary Mate
Can I try Binary Mate before I buy?
Yes, you can most definitely try Binary Mate before you buy. Binary Mate offers demo accounts for the ease of beginner traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demo account on Binary Mate, you may set out using a decent amount of virtual money. It's to establish a sense of security and confidence in you before you choose to invest your own money.
With this digital Binary Matedemo account, you are able to experiment in any way, to whatever period you desire. You might even start positions, test different trading strategies, and much more.
Binary Mate specifies on its official website which you can exchange real time stocks in a demo account.
Is Binary Mate safe?
It is possible to drop all of your worries because we believe that Binary Mate is totally safe to use. It is in compliance with all the rules of Cyprus Securities and Exchange Commission (CySEC).
Nevertheless, Binary Mate doesn't provide assured stop-loss protection.
Why does Binary Mate ask for my passport?
The reason that Binary Mate asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Binary Mate has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Binary Mate must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Binary Mate?
The process to start trading withBinary Mate is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Binary Mate website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Binary Mate is $1000. You should have a good understanding of the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Binary Mate.
The best way to kickstart your trading career with Binary Mate is to open a demo account facility before risking any real money
What funding methods do Binary Mate accept?
There are a number of ways to fund your accounts with Binary Mate. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must bear in mind that PayPal isn't available in all place. The currencies Binary Mate
Is my money safe with Binary Mate?
Yes, your cash is safe and protected with Binary Mate. As you already know, Binary Mate operates with proper conformation to. It has established lots of measures to protect all of its investors.
Binary Mate safeguards its clients' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further protect your account, you can enable Two-Step Verification as well. It takes an SMS affirmation for you to get your accounts.
Is Binary Mate trading good?
Yes, trading through Binary Mate is a nice and decent experience indeed. It is an excellent and intuitive platform with helpful features for your ease. In addition, you could even gain access to a huge selection of educational tools and assistive material to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does Binary Mate support?
Binary Mate operates around the globe. However, due to regulations there are some countries that Binary Mate does not accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is Binary Mate legit?
Binary Mate is a legit company headquarted in Malaysia since 2013. They are regulated by Cyprus Securities and Exchange Commission (CySEC). Binary Mate is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Binary Mate a good broker?
Binary Mate is an excellent agent, and its users can vouch for it. The highlight of the platform is its fast order execution on transactions.
You'll find the clean design of the platform and the admirable features that a pleasure to work with.
Is Binary Mate a trustworthy broker?
Yes, Binary Mate is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Binary Mate?
The minimum deposit to open a live account with Binary Mate is $1000
How long do Binary Mate withdrawals take?
Normally, withdrawal of money from Binary Mate is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Binary Mate to show in your bank account.
Are Binary Mate regulated?
Binary Mate are regulated by Cyprus Securities and Exchange Commission (CySEC)
Is Binary Mate a market leading broker?
Binary Mate is currently among the industry leaders. It supports over 10,000+ registered users and over 8 years of experience on its own record. They are one of the world's leading trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide selection of tools plus resources so that you can invest in capital markets.
Is Binary Mate a con?
No, Binary Mate is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that Binary Mate is not a scam.
Can you make money with Binary Mate?
Through Binary Mate, many traders make a lot of money. However, on average, through continual trading, you also can make between 2% - 10% profit a month.
This may seem like a little number, but within the entire year, this adds to a substantial amount of gains. While Binary Mate supply you all the tools to make money, they can't guarantee you will profit.
Does Binary Mate have fees?
Yes. To start trading with Binary Mate, you have to deposit $1000. Particular commissions while trading additionally apply. Any processing fees from your bank will have to be incurred by you.
When was Binary Mate founded?
Binary Mate was founded in 2013 in Malaysia. Binary Mate is regulated by Cyprus Securities and Exchange Commission (CySEC).
How many people use Binary Mate?
Binary Mate is a worldwide recognised agent with 10,000+ clients.
Where is the Binary Mate head office?
Binary Mate has its head office in Malaysia
Does Binary Mate offer negative balance protection?
No. Binary Mate doesn't provide negative balance protection. If your balance is negative, Binary Mate indicates that you promptly contact customer services. With this, you are able to correct any imbalances in your account.
Does Binary Mate offer guaranteed stop loss?Binary Mate unfortunately, doesn't provide guaranteed stop loss. Binary Mate gives an opportunity for its traders to close their trade at their given price. Aside from this, Binary Mate doesn't provide guaranteed stop loss.
Does Binary Mate allow scalping?Yes, Binary Mate do allow scalping. Several traders throughout the world select Binary Mate for their scalping services. They offer trading on Android ,iPhone,Mac,iPade which let this.
Does Binary Mate allow hedging?
Yes, Binary Mate does allow hedging.
Can you trade energies with Binary Mate?
Yes, you can trade energy stocks with Binary Mate
Can you trade agricultural shares with Binary Mate?
Yes, you can trade agricultural stocks with Binary Mate
Can you trade cryptocurrency with Binary Mate?
Yes, you can trade cryptocurrency with Binary Mate
Can you trade metals with Binary Mate?
Yes, you can trade metals with Binary Mate
Can you trade UK Shares with Binary Mate?
Yes, you can trade UK shares with Binary Mate
Can you trade US Shares with Binary Mate?
No, unfortunately you cannot trade US shares with Binary Mate
Can you trade Japanese Shares with Binary Mate?
No, unfortunately you cannot trade Japanese shares with Binary Mate
Can you trade German Shares with Binary Mate?
No, unfortunately you cannot trade German shares with Binary Mate
Does Binary Mate accept bank transfers?
Yes, Binary Mate accepts bank transfers for depositing money.
Does Binary Mate accept credit cards?
Yes, Binary Mate accepts credit cards for depositing money.
Does Binary Mate accept PayPal?
No, Binary Mate does not accept PayPal.
Does Binary Mate accept Skrill?
No, Binary Mate does not accept Skrill.
Does Binary Mate accept Payoneer?
Yes, Binary Mate accepts Payoneer for depositing money.
Does Binary Mate accept Neteller?
No, Binary Mate does not accept Neteller.
Does Binary Mate offer Live Chat customer support?
Yes, Binary Mate offers customer support through live chat.
Does Binary Mate offer phone customer support?
Yes, Binary Mate offers customer support over the telephone.
Does Binary Mate offer email customer support?
Yes, Binary Mate offers customer support through email.
What languages can Binary Mate communicate in?
Binary Mate has the ability to communicate and support customers who speak: English, and Chinese
Does Binary Mate have a wikipedia page?
No, Binary Mate does not have an official wikipedia page.
Does Binary Mate offer demo accounts?
Yes, Binary Mate offers demo accounts so you can learn their systems before risking any real money. Inexperienced traders can open a demo account in order to better understand the areas of Forex trading and test out some of Binary Mate's features before risking a live account.