Binary Mate Guide – Read our In-Depth Binary Mate Review
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 US users.
If you're a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You'll get proficient at all of the concepts of broker since you continue trading. For starters, you have to choose the right agent who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment program will create hefty returns. Binary Mate is just one such stage which will take you and your investment to great heights. It is crucial that you know about Binary Mate until you trust them with your money.
Our full Binary Mate Review covers everything you need to learn about trading with Binary Mate. A good agent can multiply your initial investments and provide you favorable profits. If you want to make profits, you must trade with a broker service that aligns with your investing objectives.
There is no sure-fire way to ensure profits; thus, you must carefully analyze your agent before you select them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, 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 have tried to collate some of the important aspects of Binary Mate. This review can help you to know whether Binary Mate is a good match 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?
- 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 foreign exchange broker headquartered in Malaysia and provides a variety of tools for trading. Since its beginning in 2013, Binary Mate has emerged as a top-tier player in the field of online broker. Binary Mate includes an extremely aggressive and full-featured trading website that is focused on currency, indices, metals, shares, commodities.
Over the past 8 years, Binary Mate has grown into one of the leading online brokers.
After launching in 2013, their customer base has become as big as 10,000+ clients.
Binary Mate is the favorite for many dealers.. Our Binary Mate review discovered that they're an excellent choice for automated trading solutions. It is most appropriate for investors that are searching for an assortment 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 honest, transparent, and also a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The educational section at Binary Mate is quite enlightening for new dealers since it permits them to have a closer look in the financial markets. Binary Mate caters to all types of traders and are a must-have broker for any well-diversified method of online trading.
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 with Binary Mate
Binary Mate is a dynamic platform that provides various techniques of trading online. These tools cover the monetary markets considerably. Most of the broker platforms offer less procedures than Binary Mate
If you want to trade with Binary Mate, you'll need a minimum deposit of $1000. This deposit is compulsory if you want to start trading using Binary Mate. This 2021 Binary Mate review will guide you easily about trading with them.
Binary Mate is as versatile as any other broker platform. Binary Mate is great for traders that want a manageable array of cheap services. The platforms provided by Binary Mate are third-party, white-label offerings. All traders may choose from Android ,iPhone,Mac,iPade.
Together with everything, Binary Mate has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction must be kept open. The agents offer premium customer service which rewards clients with benefits.
Many unethical brokers attempt to pressurise consumers into bigger funding for superior services. Binary Mate, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the greater benefits will become available.
Binary Mate accounts are available all over the world and provides outstanding service wherever they have clients. There are only a select few countries where Binary Mate accounts are not available. Traders in the following countries cannot open or use a Binary Mate account:
Is Binary Mate Safe To Trade With?
Launched in 2013, Binary Mate has been operating 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 mandate that trading platforms have measures in place to maintain investor's resources secured. This means that Binary Mate users do not need to worry about their money as it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with Binary Mate for heightened security. An SMS with the verification code will be sent to your mobile phone. You'll be asked to enter this code to log into your account.
Another concern with financial brokers with regards to safety may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is much more prevalent in the example of Market Maker agents who compete with users on the stage.
Pro's & Con's Of Trading With Binary Mate
Every online trading platform will have a few ups and downs, and no Binary Mate review would be complete without showing both sides. 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 inactivity fees
- Binary Mate doesn't charge deposit fees
- Binary Mate doesn't charge CFD fees
- 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
Binary Mate Con's
- Binary Mate does not offer Negative Balance Protection
- Binary Mate does not offer Guaranteed Stop Loss
- Binary Mate charge withdrawal fees
- Binary Mate doesn't trade minor forex pairs
Binary Mate Review - Compare Brokers Similar To Binary Mate
|Binary Mate||ETFinance||Forex.com||Hargreaves Lansdown|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Trading leverage products may not be suitable for all traders. 71% of retail CFD accounts lose money.||73% of retail investor accounts lose money when trading CFDs with this provider||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 powerful collection of rules for ensuring honest trading onto its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Binary Mate Review - Awards
- At the time of writing this Binary Mate review, they had not received any awards.
Binary Mate Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Binary Mate is $1000. This is a decent amount for people just starting out. It's possible to make more complex deposits as you cooperate. But, ensure that you understand how to make the most of your money 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 prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. In other words, an online broker isn't necessarily influenced by the amount of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three types of fees for this purpose.
The first kind of fees to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In these instances, you're spending a spread, financing rate, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are people who are charged when you hold a leveraged position for longer than daily.
Apart from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake on your accounts. They are billed for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, Binary Mate does not charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who regularly trade, such as weekly or daily trading.
However, non-trading fees charged by Binary Mate are relatively competitive. Consequently, you are charged more for non-trading activities in your trading accounts, such as withdrawal and deposits. These aren't about the sale and purchase of resources.
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||ETFinance||Forex.com||Hargreaves Lansdown|
|CFD Fees||0.8||Yes (0.1%)|
Binary Mate Review - Withdrawal Fees Explained
Binary Mate charges a withdrawal fee if you make a bank transfer. Each time you transfer money into your bank accounts, these withdrawal fees become important.
Withdrawal of money is possible at any moment from the Binary Mate account. You can draw up sums to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't necessarily need to have any money in your accounts.
Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn money will 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 the event you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you're choosing to draw in.
Binary Mate Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your head while open an account with Binary Mate. An inactivity fee is an amount charged to registered dealers that have not participated in buying or selling for a while. The period considered inactive is determined by the agent.
The inactivity fee differs from 1 broker to another and is not generalized. If a dealers account does not have a purchasing or selling transaction, it is maintained by the agent as an inactivity fee. The traders need to pay this fee under terms and conditions they had agreed while registering.
Binary Mate doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no charges have been indicated by Binary Mate, it's best for you to close the account if you are inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you've chosen. The inactivity fee is exposed to many circumstances and needs to be revealed clearly by the broker beforehand.
Binary Mate Review - Deposit Fees Explained
When you transfer money in your trading account from the bank account, a deposit fee can be charged by the broker. Most agents do not charge too much money for this 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 simply have to complete a single-user profile survey to start depositing money into your trading account. You'll have to give an identity evidence and proof of residency to deposit large amounts.
Binary Mate Review - Compare Broker Deposit Methods
|Binary Mate||ETFinance||Forex.com||Hargreaves Lansdown|
What Can You trade With Binary Mate?
Note: Binary Mate offers many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may 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 currency pairs is of interest to you then Binary Mate offer over forex pairs.
Compare Binary Mate, ETFinance, Forex.com & Hargreaves Lansdown below.
Alternatives To Binary Mate
If, after studying this Binary Mate review, Binary Mate does not quite meet your requirements check out these Binary Mate alternatives.
We have scoured the internet to find the best alternatives to Binary Mate. Click the hyperlinks 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 provides demo accounts for the ease of beginner traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demo account on Binary Mate, you will set out with a decent amount of virtual money. It is to establish a feeling of safety and confidence in you before you choose to spend your own money.
With this virtual Binary Matedemo account, you can experiment at all, to whatever length you wish. You can even start positions, examine different trading strategies, and much more.
Binary Mate specifies on its official website that you are able to trade real time stocks with your demo account.
Is Binary Mate safe?
It is possible to drop all of your worries because we believe that Binary Mate is perfectly safe to use. It's in compliance with the rules of Cyprus Securities and Exchange Commission (CySEC).
Even so, Binary Mate does not 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 acocunt with Binary Mate is $1000. You should have a good hold over 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 methods to fund your account with Binary Mate. The process is effortless and quick, with various 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 is also at your disposal for depositing money. You have to bear in mind that PayPal isn't available in every place. The monies Binary Mate
Is my money safe with Binary Mate?
Yes, your cash is safe and secure with Binary Mate. As you know, Binary Mate operates with good conformation to. It has established plenty of steps to guard all of its investors.
Binary Mate protects its customers' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further protect your accounts, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation for you to get your account.
Is Binary Mate trading good?
Yes, trading via Binary Mate is a pleasant and decent experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. In addition, you can also gain access to a huge collection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform on your own.
Which Countries does Binary Mate support?
Binary Mate operates across the world. However, due to regulations there are some countries that Binary Mate can't accept clients resident in
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 a great agent, and its users may vouch for this. The highlight of this platform is its quick order execution on trades.
You will discover the clean design of this platform along with 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 business leaders. It has over 10,000+ registered users and over 8 years of experience on its own record. They are one of the world's top trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide range of tools plus resources so 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?
Using Binary Mate, several traders make a great deal of cash. However, on average, through continual trading, you can make between 2% - 10% profit a month.
This can look to be a small number, but over the entire year, this adds to a substantial number of gains. While Binary Mate provide you all the tools to make money, they can't guarantee you will gain.
Does Binary Mate have fees?
Yes. To start trading with Binary Mate, you have to deposit $1000. Particular commissions while trading also applies. Any processing fees from your bank will need 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 globally recognised agent with 10,000+ customers.
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 offer negative balance protection. If your balance is negative, Binary Mate suggests you promptly contact customer services. For this, you are able to correct any imbalances in your own account.
Does Binary Mate offer guaranteed stop loss?Binary Mate unfortunately, does not offer guaranteed stop loss. Binary Mate provides a chance to its traders to close their trades at their specified price. Aside from this, Binary Mate does not provide guaranteed stop loss.
Does Binary Mate allow scalping?Yes, Binary Mate do allow scalping. Several traders across the world choose Binary Mate due to their scalping services. They offer trading on Android ,iPhone,Mac,iPade which allow 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?
Yes, you can trade German shares with Binary Mate
Does Binary Mate accept bank transfers?
No, Binary Mate does not accept bank transfers.
Does Binary Mate accept credit cards?
No, Binary Mate does not accept credit cards.
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?
No, Binary Mate does not accept Payoneer.
Does Binary Mate accept Neteller?
No, Binary Mate does not accept Neteller.
Does Binary Mate offer Live Chat customer support?
No, Binary Mate does not offer customer support through live chat.
Does Binary Mate offer phone customer support?
No, Binary Mate does not offer customer support over the telephone.
Does Binary Mate offer email customer support?
No, Binary Mate does not offer customer support through email.
What languages can Binary Mate communicate in?
Binary Mate has the ability to communicate and support customers who speak:
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.