Binary Mate
Plus500
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Overview
Binary Mate was founded in 2013 and is headquartered in Malaysia, while Plus500 was established in 2008 and is based in Israel. Binary Mate holds licences including Cyprus Securities and Exchange Commission (CySEC), while Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909) among others. Binary Mate serves 10,000+ clients worldwide; Plus500 has 1,000,000+. The minimum deposit is $1000 at Binary Mate and $100 at Plus500.
| Feature | Binary Mate | Plus500 |
|---|---|---|
| Min. Deposit | $1000 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 |
| Founded | 2013 | 2008 |
| Country | Malaysia | Israel |
| Clients | 10,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between Binary Mate and Plus500, directly affecting your bottom line as a trader. Plus500 has a lower barrier to entry with a minimum deposit of $100 (vs $1000 at Binary Mate). Neither broker charges withdrawal fees. Plus500 applies inactivity fees on dormant accounts; Binary Mate does not. Overall, Plus500 scores higher on fees in our assessment.
| Feature | Binary Mate | Plus500 |
|---|---|---|
| Min. Deposit | $1000 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Binary Mate offers MT4, MT5, cTrader, while Plus500 supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Binary Mate | Plus500 |
|---|---|---|
| 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 | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Binary Mate and Plus500 compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Binary Mate | Plus500 |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 Plus500 supports 4 (bank transfer, credit/debit card, PayPal, Skrill). Plus500 uniquely supports PayPal and Skrill among the two brokers. Plus500 scores higher on deposit and withdrawal flexibility.
| Feature | Binary Mate | Plus500 |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| 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 Plus500 offer live chat support. Both provide phone support. Email support is available at both brokers. Binary Mate supports 2 languages and Plus500 supports 15, giving Plus500 broader global reach. Both brokers are comparable on support quality.
| Feature | Binary Mate | Plus500 |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |