Binary Mate
Forex EE
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Overview
Binary Mate was founded in 2013 and is headquartered in Malaysia, while Forex EE was established in 2008 and is based in Grenadines. Binary Mate holds licences including Cyprus Securities and Exchange Commission (CySEC), while Forex EE is regulated by Ministry of Economic Affairs in Estonia among others. Binary Mate serves 10,000+ clients worldwide; Forex EE has 10,000+. The minimum deposit is $1000 at Binary Mate and $100 at Forex EE.
| Feature | Binary Mate | Forex EE |
|---|---|---|
| Min. Deposit | $1000 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Ministry of Economic Affairs in Estonia |
| Founded | 2013 | 2008 |
| Country | Malaysia | Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Binary Mate and Forex EE, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $1000 at Binary Mate). Forex EE charges withdrawal fees while Binary Mate does not, giving Binary Mate an edge for frequent withdrawers. Overall, Forex EE scores higher on fees in our assessment.
| Feature | Binary Mate | Forex EE |
|---|---|---|
| Min. Deposit | $1000 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Binary Mate offers MT4, MT5, cTrader, while Forex EE supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Binary Mate supports social and copy trading features, which Forex EE does not offer. Binary Mate edges ahead on platform breadth and functionality in our scoring.
| Feature | Binary Mate | Forex EE |
|---|---|---|
| MT4 | Yes | No |
| 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 Forex EE compare. Binary Mate runs regular live webinars; Forex EE does not. Both provide video tutorials. Binary Mate publishes daily market commentary; Forex EE 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 | Forex EE |
|---|---|---|
| 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 Forex EE supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Binary Mate | Forex EE |
|---|---|---|
| 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 Forex EE 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 | Forex EE |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |