In this BinaryMate review, we dig into one of the most interesting brokers to hit the market. A relatively new entrant to the broker scene, BinaryMate has pioneered one of the most innovative trading features in live video chat. What this allows is for you to speak to a member of their customer services team at any time (24 hours a day). This was a wise move by Binarymate as it ensures that all investors are able to get information on their accounts and potential positions in real time from a skilled agent at the broker.
Given that BinaryMate has chosen to be regulated in the UK as a Binary Option broker, it must meet some of the most stringent investor protection rules. This means that BinaryMate is a very safe choice. In fact, the regulations are so stringent that U.S. client’s are allowed to trade with BinaryMate.
|Support Features||Live Chat, Phone, Contact Form and Email
|Free Demo Account||Free Demo Account
|Deposit & Withdrawal Methods||Visa, Mastercard, Bank Wire, PayPal, WebMoney, Neteller
|Account Currencies||EUR, USD, RUB, GBP
|Languages Available||English, Russian, French and Spanish
|Option Types||High / Low, Long Term, Pair Options, 60 Seconds, One Touch, Ladder Options
|Option Expiry Times||30 seconds to 1 year
BinaryMate offers a number of different trading options. For starters, you can trade many markets including stocks, Forex and commodities. In terms of expiry times, they offer a the exciting 30 second expiry all the way up to the equally brave 1 year option. However, even if you get into a trade that you do not see yourself letting expire, they have the option for early termination of a trade.
In terms of trade sizes, BinaryMate allows you to place trades for as little as $1 all the way up to $10,000. In order to open an account with BinaryMate, you are required to make a minimum deposit of $250. Once complete, there are three tiers of trading accounts.
- Bronze. This is the entry level account that requires the $250 minimum deposit. You will also get a 20% welcome bonus as well as access to all training materials.
- Silver. The next tier off account is the Silver account which requires a deposit of $1,000. They will also give you a 50% bonus with this package as well as access to a master class web session on professional trading. It also has an interesting trade option where you can invest in trades which are known to be risk free. If the trade does not result in a profit then BinaryMate will reimburse you in the form of a trading bonus.
- Gold. This is the top tier account level which requires a minimum deposit of $3,000. BinaryMate will match you with a 100% bonus on this deposit. Apart from this, you also have access to a dedicated personal success manager at hand any time
Deposits & Withdrawals
You can deposit funds into the account in GBP, RUB, EUR and USD. Payments are accepted from most of the major credit cards as well as wire transfer and PayPal. What is the most impressive about BinaryMate however, is that they offer an industry beating 1 hour withdrawal timeline.
BinaryMate Trading Platform
Where BinaryMate really stands out is it’s state of the art trading platform. The platform measures up to the most stringent security protocols as well as being incredibly user friendly and efficient. It also allows you 3rd party access to the system in the form of trading robots and Expert Advisors. Moreover, right on the trading platform, you have access to the live video assistance. Not only can you reach BinaryMate agents 24/7 but you can also partake in public chat rooms and share your views with fellow traders.
BinaryMate seems to be a fine example of a highly functional well run binary option broker. Due to it being regulated by the UK financial authorities, it is an incredibly safe choice for investments.
The powerful and clean user interface makes trading easier and faster. Combined with the live video support function, this makes trading with BinaryMate a pleasant experience. Moreover, this is not restricted to the most experienced investors as the minimum deposit is only $250 and trades of as little as $1 can be placed.
The record breaking 1 hour withdrawal time at BinaryMate stands out for us. No longer will investors have to worry about periods of uncertainty when withdrawing funds. In conclusion, the team at FXaxe was quite impressed with BinaryMate and considers it one of the best brokers with which they have traded with.