Binary Mate
Sharekhan
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Overview
Binary Mate was founded in 2013 and is headquartered in Malaysia, while Sharekhan was established in 2000 and is based in India. Binary Mate holds licences including Cyprus Securities and Exchange Commission (CySEC), while Sharekhan is regulated by Securities and Exchange Board of India (SEBI) among others. Binary Mate serves 10,000+ clients worldwide; Sharekhan has 1,500,000+. The minimum deposit is $1000 at Binary Mate and $0 at Sharekhan.
| Feature | Binary Mate | Sharekhan |
|---|---|---|
| Min. Deposit | $1000 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2013 | 2000 |
| Country | Malaysia | India |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between Binary Mate and Sharekhan, directly affecting your bottom line as a trader. Sharekhan has a lower barrier to entry with a minimum deposit of $0 (vs $1000 at Binary Mate). Sharekhan charges withdrawal fees while Binary Mate does not, giving Binary Mate an edge for frequent withdrawers. Overall, Sharekhan scores higher on fees in our assessment.
| Feature | Binary Mate | Sharekhan |
|---|---|---|
| Min. Deposit | $1000 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Binary Mate offers MT4, MT5, cTrader, while Sharekhan 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 | Sharekhan |
|---|---|---|
| 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 Sharekhan 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 | Sharekhan |
|---|---|---|
| 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 Sharekhan supports 1 (bank transfer). Binary Mate uniquely supports credit/debit card among the two brokers. Binary Mate scores higher on deposit and withdrawal flexibility.
| Feature | Binary Mate | Sharekhan |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| 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 Sharekhan offer live chat support. Both provide phone support. Email support is available at both brokers. Binary Mate supports 2 languages and Sharekhan supports 13, giving Sharekhan broader global reach. Both brokers are comparable on support quality.
| Feature | Binary Mate | Sharekhan |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |