Binary Mate
Degiro
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Binary Mate was founded in 2013 and is headquartered in Malaysia, while Degiro was established in 1934 and is based in Netherlands. Binary Mate holds licences including Cyprus Securities and Exchange Commission (CySEC), while Degiro is regulated by Financial Conduct Authority (FCA) among others. Binary Mate serves 10,000+ clients worldwide; Degiro has 600,000+. The minimum deposit is $1000 at Binary Mate and $0 at Degiro.
| Feature | Binary Mate | Degiro |
|---|---|---|
| Min. Deposit | $1000 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) |
| Founded | 2013 | 1934 |
| Country | Malaysia | Netherlands |
| Clients | 10,000+ | 600,000+ |
Fees
Fees are a critical factor when choosing between Binary Mate and Degiro, directly affecting your bottom line as a trader. Degiro has a lower barrier to entry with a minimum deposit of $0 (vs $1000 at Binary Mate). Neither broker charges withdrawal fees. Overall, Degiro scores higher on fees in our assessment.
| Feature | Binary Mate | Degiro |
|---|---|---|
| Min. Deposit | $1000 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Binary Mate offers MT4, MT5, cTrader, while Degiro supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Binary Mate supports social and copy trading features, which Degiro does not offer. The two brokers are closely matched on platform offering.
| Feature | Binary Mate | Degiro |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Android ,iPhone,Mac,iPade | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Binary Mate and Degiro compare. Binary Mate runs regular live webinars; Degiro does not. Both provide video tutorials. Binary Mate publishes daily market commentary; Degiro does not. Both integrate third-party research tools. Binary Mate maintains an archive of past webinars for on-demand viewing. Binary Mate scores higher overall in education and research.
| Feature | Binary Mate | Degiro |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Binary Mate accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Degiro supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Binary Mate | Degiro |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Binary Mate and Degiro offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Binary Mate | Degiro |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |