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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.

This Binary Mate review contains the most recent information about Binary Mate.

If you are a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading requires expert assessing skills and comprehensive understanding. You'll get adept at all the concepts of broker as you keep trading. For starters, you need to choose the ideal broker who will be transparent with you always.

Within this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan will generate hefty returns. Binary Mate is one such platform which will take you and your investment into great heights. It's crucial to know about Binary Mate before you trust them with your cash.

Binary Mate review

Our entire Binary Mate Review covers everything you need to know about trading with Binary Mate. A fantastic broker can multiply your initial investments and give you favorable profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investment objectives.

There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your broker before you select them. It's a frequent misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.

Binary Mate is a broker which has forged its way successfully to the broker world. In this review, we've attempted 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 have attempted to breakdown all of the qualities and charges for your convenience.

Binary Mate Review, Table Of Contents

Who are Binary Mate?

Binary Mate is a forex broker headquartered in Malaysia and provides a variety of tools for trading. Since its establishment in 2013, Binary Mate has emerged as a top player in the industry of online broker. Binary Mate has an extremely aggressive and full-featured trading website that's focused on currency, indices, metals, sharesand commodities.

Over the past 8 years, Binary Mate has grown into one of the leading online brokers.

After establishing in 2013, their client base is becoming as big as 10,000+ clients.

Binary Mate is the favorite of many dealers.. Our Binary Mate review found that they're an superb choice for automated trading options. They're most appropriate for investors that are looking for a variety of assets. Social and automated trading options are the core at Binary Mate.

Technology plays a significant role at Binary Mate. Binary Mate features 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 traders since it permits them to get a closer look at the financial markets. Binary Mate caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.

Benefits of trading with Binary Mate?

Trading with Binary Mate includes many benefits. These advantages are what sets Binary Mate ahead of all other online brokers. You need to check all the benefits listed so you have a better understanding of Binary Mate.

The broker goes to great lengths to understand what dealers need. As a result, the service price is low, fast, and convenient. The agent also provides a variety of platforms for all kinds of traders. Binary Mate helps to ensure that the individual needs of all traders are duly met.

Binary Mate also includes excellent trading conditions which are available to only an elite class of institutional clients. The tight spreads and quick executions are a great advantage for the traders. The technology embraced by Binary Mate is among the maximum caliber, making sure that it is fast, dependable, and efficient.

Binary Mate acknowledges the importance of owning a fast order execution. A fast implementation will allow users to exchange without worrying about slippage safely. It will also aid the dealers to grab the utmost profitable opportunities.

Automated trading is another important aspect of Binary Mate. A new dealer can learn from business experts using the automated trading option. The tight spread starts from as low as 0.0 pips, though they are offered for just razor balances.

Binary Mate has over 54 trading tools to support all kinds of traders. These instruments are dynamic and suitable for both new and seasoned traders. The traders can set aside all their worries when trading with Binary Mate.

Binary Mate overview

Year Founded: 2013

Regulated By: Cyprus Securities and Exchange Commission (CySEC)

Hedquarters: Malaysia

Minimum Deposit: $1000

Number Of Clients: 10,000+

Your capital is at risk

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 instruments cover the monetary markets substantially. Most of the brokerage platforms offer fewer procedures than Binary Mate

If you would like to trade with Binary Mate, you will need a minimum deposit of $1000. This deposit is mandatory if you wish to begin trading with Binary Mate. This 2021 Binary Mate review will direct you safely about trading with them.

Binary Mate is as flexible as any other broker platform. Binary Mate is great for traders that want a manageable assortment of low-cost services. The platforms supplied by Binary Mate are third party, white-label offerings. All traders may select 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 trade must be kept open. The agents offer premium client service which rewards customers with advantages.

Many unethical brokers try to pressurise consumers into larger financing for superior services. Binary Mate, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the further benefits will become available.

Binary Mate accounts are available all over the world and provides quality service everywhere they have customers. There are a 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?

Established in 2006, Binary Mate has been in operation for 8 years, they are headquarted in Malaysia.

Binary Mate is regulated by Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that ensure that trading platforms have measures in place to keep investor's assets secured. This usually means that Binary Mate users don't need to worry about their money as it is segregated and safely stored in established banks. SSL encryption secures every user's personal information also.

You are able to make use of a choice for Two Factor Authentications (2FA) with Binary Mate for heightened safety. An SMS with the verification code will be sent to a mobile phone. You will be required to enter this code to log into your accounts.

Another concern with financial brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is more prevalent in the example of Market Maker brokers who compete with users on the stage.

Pro's & Con's Of Trading With Binary Mate

Every online trading platform will have 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 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 Ayondo PaxForex Zacks Trade
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $1000 $1 $10 $2500
Year Founded 2013 2008 2010 2008
Headquarters Malaysia London Saint Vincent and the Grenadines United States
Regulated By Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA) Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 Unregulated
Clients 10,000+ 10,000+ 350+ 10,000+
Find Out More
Risk Warning Your capital is at risk Losses can exceed deposits Your capital is at risk Your capital is at risk

Binary Mate Review - Regulation And Licencing In More Detail

Binary Mate is regulated by Cyprus Securities and Exchange Commission (CySEC).

Binary Mate, as a company, has a powerful set of rules for ensuring fair trading on its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).

As per the organization's privacy regulations, client data is to not 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 you must deposit to begin on Binary Mate is $1000. This is a decent amount for people just starting out. You can make more complex deposits as you cooperate. But, make certain you understand how to make the most of your cash before investing in larger amounts.

Binary Mate Review - Commission And Fees Explained

Binary Mate is an online broker platform, and most 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. That is, an internet broker isn't necessarily influenced by the number of customers they have.

But this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly three types of penalties for this objective.

The first sort of charges to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In these instances, you're paying a spread, funding rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.

Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are people who are billed when you hold a leveraged position for more than daily.

Aside from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake on your accounts. They are charged for operations like depositing money, not trading for long periods, or withdrawals.

Generally, Binary Mate doesn't charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who regularly exchange, for example daily or weekly trading.

But, non-trading fees billed by Binary Mate are comparatively greater. Consequently, you're billed more for non-trading activities on your trading accounts, like withdrawal and deposits. These are not about the sale and purchase of assets.

This Binary Mate review breaks down each of the relevant non-trading charges for you in detail.

Compare broker fees against Binary Mate

Binary Mate Ayondo PaxForex Zacks Trade
Minimum Deposit $1000 $1 $10 $2500
Withdrawal Fees variable No 10 variable
Inactivity Fees No
Deposit Fees No for deposits over $300
CFD Fees No

Binary Mate Review - Withdrawal Fees Explained

Binary Mate charges a withdrawal fee if you create a bank transfer. Each time you transfer money into your bank accounts, these withdrawal fees become important.

Withdrawal of money is possible at any time from the Binary Mate account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't necessarily have to have any cash in your accounts.

Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money is going to be sent into the card. Binary Mate will ask you to offer 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 different 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 those buzzing questions which run through your mind while open an account with Binary Mate. An inactivity fee is an amount charged to registered traders who have not engaged in purchasing or selling for a while. The period considered inactive is decided by the agent.

The inactivity fee also differs from 1 broker to another and is not generalized. If a traders account doesn't have a buying or selling transaction, it is claimed by the broker as an inactivity fee. The traders need to pay this commission under conditions and terms that they had consented while registering.

Binary Mate doesn't charge inactivity fees so you are free to use your account as needed

Even if no charges have been implied by Binary Mate, it's better for you to close the account if you are inactive. Inactivity fees aren't only charged by broker firms but also many financial services.

For additional trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is subjected to a lot of circumstances and needs to be disclosed clearly by the agent beforehand.

Binary Mate Review - Deposit Fees Explained

When you move money into your trading account by the bank account, a deposit fee can be charged by the broker. Most agents do not 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 money on the Binary Mate trading platform is easy. You simply need to finish a single-user profile survey to begin depositing money into your trading account. You'll have to provide an identity proof and proof of residency to deposit large amounts.

Binary Mate Review - Compare Broker Deposit Methods

Binary Mate Ayondo PaxForex Zacks Trade
Minimum Deposit $1000 $1 $10 $2500
Credit Card Yes
PayPal No
Neteller Yes
Skrill Yes
Payoneer No

What Can You trade With Binary Mate?

Note: Binary Mate offers a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will differ based 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 currency pairs.

Compare Binary Mate, Ayondo, PaxForex & Zacks Trade below.

Binary Mate Ayondo PaxForex Zacks Trade
Platforms Android , iPhone, Mac, iPade Web Trader, Web, iPad, mac, Desktop, iPhoneiOS Android, iPhone/iPad, Tablet
Instruments Available 54 100 188 264
Forex & Crypto
Forex Pairs Available 40 62
Offers Major Forex Pairs? Yes Yes Yes Yes
Offers Minor Forex Pairs? No Yes Yes No
Offers Exotic Forex Pairs? Yes Yes Yes No
Offers Cryptocurrencies? Yes No Yes No
Commodity CFD's
Commodities Offered 0 6 40 0
Trade Metals? Yes Yes No
Trade Energies? Yes No No
Trade Agricultural? Yes No No
Indiced & Stock CFDs
Stocks Offered 6 40 0
Trade UK Shares? Yes No No
Trade US Shares? No Yes Yes
Trade German Shares? No No No
Trade Japanese Shares? No No No

Your capital is at risk

Losses can exceed deposits

Your capital is at risk

Your capital is at risk

Alternatives To Binary Mate

If, after studying this Binary Mate review, Binary Mate doesn't quite meet your needs check out these Binary Mate alternatives.

We have scoured the web to find the best alternatives to Binary Mate. Click the links below to learn 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 convenience of new traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.

If you sign up to get a demo account on Binary Mate, you will set out with a decent amount of virtual money. It is 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 at all, to whatever length you desire. You might also start positions, examine different trading approaches, and more.

Binary Mate specifies on its official site 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 completely safe to use. It's in compliance with all 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 accounts with Binary Mate. The process is effortless and quick, with different payment methods at your fingertips.

You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must keep in mind that PayPal isn't available in every place. The monies Binary Mate

Is my money safe with Binary Mate?

Yes, your money is safe and protected with Binary Mate. As you already know, Binary Mate operates with good conformation to. It's established lots of steps to guard all of its own investors.

Binary Mate safeguards its clients' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.

If you wish to further safeguard your accounts, it is possible to empower Two-Step Verification as well. It takes an SMS affirmation for you to access your accounts.

Is Binary Mate trading good?

Yes, trading through Binary Mate is a nice and good experience indeed. It's an excellent and intuitive platform with useful features for your ease. Moreover, you could also obtain access to a huge selection of educational resources and assistive material to kickstart your trading expertise.

If you remain skeptical, you can open a eToro demo account and evaluate the credibility 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 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 an excellent broker, and its own users may vouch for this. The highlight of this platform is its fast order execution on trades.

You'll discover the clean layout of the platform along with the commendable 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 indisputably among the industry leaders. It has over 10,000+ registered users and over 8 years of expertise on its record. They're among the world's top trading platforms and also a dominant figure in the Fintech revolution.

It simplifies this standing to its incredible platform and broad range of resources plus tools so that you may put money into 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 cash. However, on average, through continual trading, you also can make between 2% - 10% profit a month.

This may seem like a little number, but over the entire year, this adds to a substantial amount of gains. While Binary Mate supply you all of the tools to make money, they cannot guarantee that you will gain.

Does Binary Mate have fees?

Yes. To start trading using Binary Mate, you have to deposit $1000. Particular commissions while trading also applies. 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 globally 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 you promptly contact client services. With this, you can fix any imbalances within your own account.

Does Binary Mate offer guaranteed stop loss?

Binary Mate unfortunately, does not provide guaranteed stop loss. Binary Mate provides a chance for its traders to close their trades in their specified price. Apart from this, Binary Mate doesn't provide guaranteed stop loss.

Does Binary Mate allow scalping?

Yes, Binary Mate do allow scalping. Many traders throughout the world select Binary Mate due to their services that are trading. 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.