Binary Mate Broker Review

Binary Mate offers very good initial deposit bonuses for newly registered clients, although there appears to be very little in the way of loyalty promotions for existing clients. Their customer support is very strong, being available 24/7, and their trading software is user friendly and intuitive. This broker offers around 160 assets to choose from, which is about average when compared with its rivals.

Intro

Binary Mate is a very new binary options broker on the financial market scene, having only been established as recently as 2016. This broker claims to offer several advantages to its clients including non-stop trading 24/7, 100% secure trading, full data protection and expert trader guidance. Binary Mate claims to already have over 5000 clients accounts in their system and to have a monthly trading volume of over $4,000,000. Offering very rapid withdrawal processing in under 1 hour as well as very good initial deposit bonuses, Binary Mate is keen to attract new investors from all over the world, with the exception of the United States.

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Company Information

Binary Mate is a very recently established binary options broker, having only been formed in June 2016. This broker is operated by Affort Projects S.A. and has its registered offices in the Seychelles.  Binary Mate does not appear to be licensed or regulated by any recognised authority and does not accept any clients from US territories.

Assets Available

The assets offered by Binary Mate include:

FX – 35 currency pairs

Commodities – 9

Indices – 37

Stocks – 80

Overall, there are around 160 underlying assets to choose from with this binary options broker.

Bonuses & VIP programs

Binary Mate offers an impressive initial deposit bonus for all newly registered clients, with the amount being offered varying depending on the level of deposit paid into the account. This broker offers 3 levels of account: Bronze, Silver and Gold, with Gold being the highest level. Bronze account holders can expect a 20% bonus, while Silver account holders benefit from a bonus of 50% and Gold account holders get a 100% bonus.

Mobile

Binary Mate offers an intuitive web based trading platform which is easy for both newcomers to the markets and advanced investors to use. It also offers its own mobile app which can be downloaded free of charge for both Android and iOS smartphones and tablets. Some of the features of the application include:

• A range of options types including one touch and 60 seconds
• Regular CFD trading
• Access to client accounts on the move
• Instant trade execution in a secure environment
• Live charts of all available options from the desktop platform
• Viewing of complete trade history
• Same login details as on the desktop platform for convenience
• Free download of app

Deposits and Withdrawals

There are numerous ways in which deposits can be made into a Binary Mate trading account including the following methods:

• Visa
• MasterCard
• JCB
• UnionPay
• Neteller
• Skrill
• Perfect Money
• WebMoney
• Qiwi Wallet
• Yandex
• Bitcoin
• Alipay
• OKPay

No fee is charged by Binary Mate on any method of deposit or withdrawal, with most methods transferring funds instantly or, at the very latest, within 6 hours. All financial transactions are guaranteed to be safe being protected by strong 256 bit SSL encryption. A minimum amount is imposed on withdrawals of $50 and the minimum amount that can be deposited in an account is $250 with the maximum deposit amount standing at $50,000.

Customer Support

Binary Mate takes pride in offering the next generation of customer support for its clients. Their representatives can be contacted 24 hours a day, 7 days a week and there are several available methods through which help can be obtained. As well as providing a helpful Frequently Asked Questions section on the broker’s website which is ideal for obtaining rapid responses to the most commonly posed queries, there is also a web form which can be completed through the Contacts section of the website. Clients who prefer to obtain assistance over the telephone can call one of the 6 numbers provided, all of which serve clients who speak different languages. Multilingual support is available English, Russian, Chinese and Thai. There is also a convenient call back facility with which clients can enter their contact number and receive an immediate call from a knowledgeable representative. Binary Mate’s biggest customer support advantage is its 24/7 live video chat support which is something a little different and which makes this broker stand out from its competition. This broker also has an active social media presence and can be followed on Facebook and Twitter.

Extra Features and Resources

There appears to be very little in the way of any extra features and resources offered by this broker for its clients’ use. There are no provided educational resources to help traders to enhance their trading experience or improve their skills and there appear to be no trading tools on offer.

Verdict

Overall, Binary Mate does have some positive features that may appeal to potential clients, however there are several downsides to choosing this broker too.

Pros

• A good range of underlying assets to choose from
• Simple, easy to use trading software
• A web based trading interface that requires no downloads or installations
• Mobile trading through downloadable Android and iOS apps
• Multilingual contact options via telephone
• Live video chat 24/7
• Traditional and modern payment options to choose from including e-Payment methods
• Rapid and simple withdrawal and deposit system
• A choice of three account types to meet the needs of both beginners and experienced traders
• Good initial deposit bonuses
• 256 bit SSL encryption for safety of client personal and financial information
• Simple registration process

Cons

• Not licensed or regulated by a recognised authority
• No trading tools or educational resources provided
• Recently established broker without a long pedigree

FAQ

Does Binary Mate have a choice of account types?

Binary Mate offers potential clients a choice of three account types to suit the needs of all types of investor from the novice to the professional. While all accounts offer full access to all tradable assets and rapid withdrawals, the higher level accounts have extra perks on offer. Silver Account holders benefit from a free online masterclass as well as 3 risk free trades and, on top of this, Gold account holders are assigned their own personal success manager as well as a Swiss prepaid card,

How quickly can I receive my withdrawals from Binary Mate?

Binary Mate boast a very fast withdrawal system, claiming to process withdrawal requests in under an hour. Depending on the method chosen by the client, funds will be able to be withdrawn from the client’s account within 6 hours and within just one hour for most methods.

Does Binary Mate offer demo accounts?

Binary Mate offers free of charge demonstration accounts for clients at all levels of experience and for all account types. These free accounts with virtual funds are a useful facility which enable potential clients to test out the trading platform without making any financial commitment to the broker. Newcomers to the binary options market can gain some valuable real-world trading experience without risking any of their own money while advanced traders find this an invaluable resource for experimenting with strategies risk-free.

Will I need to download any software to begin trading?

There is no need to download or install any memory intensive software when trading binary options with Binary Mate as the entire trading platform is web-based. All clients need to do is register for an account through the simple and quite online process and then deposit funds into their account to begin trading.

Is there a minimum amount that I can trade with Binary Mate?

Binary Mate have set a very low minimum trade amount of just $1 per trade to make binary options trading accessible to even brand new investors.

What is the maximum amount I can trade with this broker?

Binary Mate have set a maximum amount for each trade transaction through their trading platform

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