Uphold vs Binary Mate, Who's Better?
Read our In-Depth Uphold vs Binary Mate Review - 2022 Update
This Uphold vs Binary Mate review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this Uphold vs Binary Mate review does not apply to all countries as follows:
Uphold Excluded Countries
Anguilla, Antarctica, Armenia, Azerbaijan, Barbados, Belarus, Cambodia, Central African Republic, Chad, Cuba, Eritrea, Fiji, French Southern Territories, Guinea, Heard Island and McDonald Islands, Iran, Lebanon, Liberia, Mali, Mauritius, Democratic Peoples Republic of Korea, Palau, Samoa, Sudan, Syrian Arab Republic, United States Minor Outlying Islands, Vanuatu, Albania, American Samoa, Azerbaijan, Bangladesh, Belarus, Bosnia and Herzegovina, Bulgaria, Burundi, China, Democratic Republic of the Congo, Congo, Croatia, Equatorial Guinea, Georgia, Germany, Guinea Bissau, Haiti, Indonesia, Iraq, Kenya, Libya, Republic of Moldova, Montenegro, Myanmar, Netherlands, North Macedonia, Romania, Russian Federation, Serbia, Slovenia, Somalia, Turkmenistan, Ukraine, Venezuela, Vietnam, and Yemen.
Binary Mate Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Uphold vs Binary Mate
Every online trading platform has some ups and downs, and no Uphold and Binary Mate review would be complete without showing both sides. Compare Uphold and Binary Mate to understand how they line up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a professional broker and are choosing between Uphold or Binary Mate. Who is better in 2022?
This Uphold vs Binary Mate comparison contains the latest information so you can easily compare Binary Mate against Uphold.
If you are a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You'll acquire adept at all the concepts of broker as you continue trading. For starters, you have to select the right agent who'll be transparent with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. Uphold and Binary Mate are just two such stages which will take you and your investment into great heights. It is important that you compare Uphold vs Binary Mate until you trust them with your cash.
Our Uphold vs Binary Mate comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Uphold and Binary Mate side by side.
Our entire Uphold vs Binary Mate Review covers everything you will need to learn about trading with either Uphold or Binary Mate. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully analyze your agent before you select them. It's a common misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
Uphold and Binary Mate are both brokers that have found their way successfully into the broker world. Within this review, we have attempted to collate a number of the vital aspects of both Uphold and Binary Mate. This review will help you to know whether either Binary Mate or Uphold is a fantastic fit for your investments or not. We have attempted to breakdown all of the qualities and fees for your advantage.
Benefits of Uphold and Binary Mate Compared
Uphold has a minimum deposit of $1 while Binary Mate offers a $1000 minimum deposit.
Why smaller minimum deposits are good and how Uphold and Binary Mate compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Uphold allows you to trade around 211 financial instruments whilst Binary Mate allows you to trade around 211 financial instruments on their platform.
The more financial instruments you can trade on the Uphold and Binary Mate platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of Uphold or Binary Mate.
Uphold and Binary Mate Contact Details
Being able to contact a broker simply is vital. Uphold and Binary Mate have the following contact details and social medias that you can use.
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| Broker | Uphold | Binary Mate |
| Telephone Number | +1 (415) 925-2711 | |
| support@uphold.com | ||
| Address | 700 Larkspur Landing Cir, Ste 263, Larkspur, California 94939, US | |
| Uphold Twitter Account | Binary Mate Twitter Account | |
| Uphold Facebook Page | Binary Mate Facebook Page | |
| Uphold Instagram Account | Binary Mate Instagram Account | |
| Uphold LinkedIn Page | Binary Mate LinkedIn Page | |
| YouTube | Uphold YouTube Channel | Binary Mate YouTube Channel |
| Find Out More |
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Binary Mate and Uphold Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing Uphold and Binary Mate will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Uphold vs Binary Mate - Awards
Uphold vs Binary Mate - Frequently Asked Questions
Uphold vs Binary Mate - Headquarters And Year Of Founding
Uphold was founded in 2013 and has its headquaters in United States.
Binary Mate was founded in 2013 and has its headquaters in Malaysia.
What is the minimum deposit for Binary Mate or Uphold
The minimum deposit for Uphold is $1.
The minimum deposit for Binary Mate is $1000.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Uphold and Binary Mate are a good choice.
Uphold vs Binary Mate - Regulation And Licencing In More Detail
Uphold is regulated by FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 .
Binary Mate is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both Uphold and Binary Mate have a powerful set of rules for ensuring honest trading onto their platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their individual privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare Uphold vs Binary Mate Commission And Fees
Uphold and Binary Mate are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. That is, an online broker isn't necessarily affected by the amount of customers they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three types of fees for this objective.
The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In these cases, you are spending a spread, funding speed, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are those who are billed when you hold a leveraged position for longer than a day.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake on your account. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.
In general, neither Uphold or Binary Mate charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often trade, such as daily or weekly trading.
But, non-trading fees billed by Uphold and Binary Mate are relatively higher. As a result, you are charged more for non-trading actions on your trading accounts, like deposits and withdrawal. These aren't related to the sale and purchase of assets.
This Uphold vs Binary Mate review for 2022 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For Uphold And Binary Mate
What Languages Do Uphold And Binary Mate Support?
Being able to chat easily with your trading platform is a key way of comparing trading platforms to find your perfect broker. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key factor to success when trading forex.
Here you will find the languages that both Uphold and Binary Mate support.
How Many Clients Do Uphold and Binary Mate Have?
Both Uphold and Binary Mate are well established with their client base. It is really important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers Uphold and Binary Mate have
What Payment Methods Do Uphold and Binary Mate Accept?
Uphold and Binary Mate both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Uphold and Binary Mate
What Can You Trade With Uphold and Binary Mate?
Uphold offers 211 trading instruments whilst Binary Mate offers 54.
Below you will find a full breakdown of what both Uphold and Binary Mate offer.
Compare Uphold To All Other Brokers
Compare Binary Mate To All Other Brokers