Binary Mate
tastyworks
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Overview
Binary Mate was founded in 2013 and is headquartered in Malaysia, while tastyworks was established in 2014 and is based in Belize. Binary Mate holds licences including Cyprus Securities and Exchange Commission (CySEC), while tastyworks is regulated by Financial Conduct Authority (FCA) among others. Binary Mate serves 10,000+ clients worldwide; tastyworks has 150,000+. The minimum deposit is $1000 at Binary Mate and $250 at tastyworks.
| Feature | Binary Mate | tastyworks |
|---|---|---|
| Min. Deposit | $1000 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F317 |
| Founded | 2013 | 2014 |
| Country | Malaysia | Belize |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between Binary Mate and tastyworks, directly affecting your bottom line as a trader. Binary Mate has a lower barrier to entry with a minimum deposit of $1000 (vs $250 at tastyworks). tastyworks charges withdrawal fees while Binary Mate does not, giving Binary Mate an edge for frequent withdrawers. Overall, Binary Mate scores higher on fees in our assessment.
| Feature | Binary Mate | tastyworks |
|---|---|---|
| Min. Deposit | $1000 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Binary Mate offers MT4, MT5, cTrader, while tastyworks supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Binary Mate supports social and copy trading features, which tastyworks does not offer. Binary Mate edges ahead on platform breadth and functionality in our scoring.
| Feature | Binary Mate | tastyworks |
|---|---|---|
| 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 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 tastyworks 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. Binary Mate scores higher overall in education and research.
| Feature | Binary Mate | tastyworks |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
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 tastyworks supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). tastyworks uniquely supports PayPal and Skrill and Neteller among the two brokers. tastyworks scores higher on deposit and withdrawal flexibility.
| Feature | Binary Mate | tastyworks |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 tastyworks offer live chat support. Both provide phone support. Email support is available at both brokers. Binary Mate supports 2 languages and tastyworks supports 8, giving tastyworks broader global reach. Both brokers are comparable on support quality.
| Feature | Binary Mate | tastyworks |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |