BinaryMate Review – Get A Deposit Bonus & Risk Free Trades

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Binarymate Review

Introduction

Binarymate is perhaps one of the more recent, if not the latest entrant to the binary options trading marketplace. Launched in 2020 and based in Mahe, Seychelles they don’t appear to have a current license for trading with any of the recognised licensing bodies like CySEC as yet. Despite this, the early feedback seems to be full of positivity.

They seem to have created a buzz around what they do in the binary options trading arena with one of the stand out features, and the thing that has everyone talking, being the technology behind the platform. They have left nothing to chance, and the site offers the ultimate trading experience for new and experienced traders whether sat at a PC or trading on the move.

Sometimes brokers may have the appearance of being shrouded in mystery with little or no customer support and visible contact procedures. That is indeed not the case with Binarymate, and their live video support seems to be breaking down walls between the broker and the trader.

In this review, you will learn:

    The different account types and trade types How they fair when it comes to customer support All the features and benefits of Binarymate

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

There aren’t fancy accounts with titles like mini, platinum or diamond VIP with this broker rather the simplified method of account labelling; Bronze, Silver and Gold with distinct features and benefits to each account. Each account has its list of features and welcome bonuses.

Bronze Account

With a Binarymate Bronze Account, which is opened with a deposit of just $250, you get live video chat with a customer service advisor and withdrawals within just one hour, a far cry from the 3-5 days offered by many other brokers. In addition to this, you get a 20% welcome bonus and access to the demo account.

Silver Account

With a Silver Account as well as the above features, for a deposit of between $1,000 and $2,999, you get a master class web session and first 3 risk-free trades. A sign-up bonus of 50% is also offered, and you can calculate precisely how much that bonus will be using their special bonus tool.

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    Only For Experienced Traders.

Gold Account

For those wishing to deposit more, for $3,000 the Gold Account has all the benefits of the bronze and Silver Accounts but with a 100% sign bonus, a Swiss prepaid card and a personal account manager.

All accounts come with live video chat support.

Trade Types And Payouts

Turbo Trades

Turbo options range from 30 seconds to 30 minutes and are ideal for those traders who want to place multiple trades over a short space of time to take advantage of a particular trend in the market for example. They allow the trader to make a lot of money in a short space of time.

Of course, there is also a flip side to this in that you can also lose a lot of money in the same amount of time. It does give the trader who doesn’t have much time in a day the opportunity to squeeze all of their days trading into 30 minutes to an hour.

Intraday Trades

Falling in between the Turbo and Long Term options, the Intraday option allows you to trade on the outcome of your chosen asset for the following day. With over 30 assets to choose from with this broker, you can predict what will happen with the price of gold tomorrow (or next business day) or any of the other commodities, stocks, currencies or indices.

Long Term Trades

Long Term options with a range from weekly to 5 weeks. They allow you to take your time and account for occurrences in the economy; you can more easily predict and follow trends over a more sustained period while allowing for any events that might happen that have an impact on the markets.

Payouts of up to 90% are awarded on successful trades which is one of the higher payouts in the binary options field.

Binarymate has been able to launch a well designed, highly advanced platform.

Bonuses And Promotions

The bonuses that are offered by this particular broker are displayed on the list of features with the different account types. Bronze attracts a 20% sign up bonus; Silver is a 50% bonus and Gold a 100% bonus. If you want to work out the exact bonus you will receive the site features a convenient sliding calculator which tells you the bonus you will receive about the deposit you make.

The bonus will show up within your deposit payment. For example, let’s say you deposited $250. Your bonus would be 20% which would equate to $50. The total amount you would have to trade with would be $300, so it shows your total deposit as $300. You can slide along the scale to increase the amount you deposit.

Mobile Trading

As you would expect from a binary options broker that has put so much investment into their trading platform, the technology holds up when it comes to the mobile site. You can see from yourself upon entering the mobile site. Straight away you are greeted with a live video assistant who is there to help you. This isn’t just a chat box that pops up to offer assistance. This is a real live person waiting to help you.

Don’t let this put you off though as you can easily bypass the live video assistant and arrive on the trading platform. The mobile site has been optimised for trading on the go, and the site is fully responsive. Because the mobile site is fully responsive, there are no apps on Android or iOS, just the website. If a site does everything you need it to there is the question of why you would need an app.

Deposits And Withdrawals

Binarymate accepts the usual means of depositing funds. With a minimum deposit required of $250 to open a trading account, Visa/MasterCard credit cards, debit cards and other methods such as PayPal, Neteller and bank transfer are all accepted.

One of the unique features of Binarymate is their claim that withdrawals are processed within 1 hour. This applies across all types of accounts and it not an exclusive or priority member benefit and is a much quicker turnaround than the 3-5 days offered by many brokers. We tested this claim and did not encounter any withdrawal problems.

In a world where everything is instant with the evolution of technology, the days of payments taking so long to reach accounts are being addressed by brokers like Binarymate. It is the little things like this that starts to make brokers stand out in their field.

Special Features

The state of the art technically advanced binary options trading platform that has been developed with the ultimate trading experience in mind, is one of the standout features of Binarymate. It is all bells and whistles when it comes to technology with tools to help enhance the trading experience.

Alongside their technical offering is their customer support which is offered in the form of live video chat. You can chat live with a customer service support, and it is an actual real person in real time. These video assistants will help with enquiries and introduce specific features of the platform 24 hours a day, 7 days a week.

Customer Support

Advancements in technology have allowed this company to launch with all the mod cons and their customer support is no exception. Customer support is available in the form of live video chat with live customer service advisors. This is something new and exciting when compared to many other brokers and something that has come as a benefit to their late entry into the binary options arena.

24 hours a day, 7 days a week a live customer service video assistant is available to talk you through the unique features of the site and to help you with any problems or queries you may have. In addition to the live support, they also offer other methods of support in a variety of languages.

Here are the contact details for Binarymate:

    Email – [email protected] Phone – +182 994 76393 Address – Finance Group Corp, 2nd Floor, Transpacific Haus, Lini Highway, Vanuatu

Conclusion

Binarymate may be relatively new without a long trading history, but it is very shiny! This broker has entered the market at a time when everyone else has had to evolve as technology has evolved. Binarymate has been able to launch a highly advanced platform offering features that no-one else does. Their one-hour withdrawals and their live video assistants give them that edge when it comes to their competitors..

Their account types are accessible to even novice traders and with the minimum trade of $1 available you don’t have to risk a lot to trade on the platform. With every account benefiting from access to the demo account, you can get to grips with trading before committing any of your money to the live platform.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is Binarymate legit, will they scam me?

Binarymate is a new entrant to the binary options market and is currently unregulated. Despite this, the feedback online is full of positivity, and the website is very informative.

Do they have a decent mobile or tablet app?

There are no apps for mobile or tablet offered by this broker but don’t let this put you off. With a fully functional and responsive website, their platform will do precisely what you need it to do.

What bonus do they offer for new traders?

Binarymate offers a 20% bonus if you deposit $250, rising to 50% with 1000 dollar deposits and 100% for gold account holders who deposit $3000 or more.

Can I start trading on a free demo account?

The demo account offered by Binarymate is available for those who have opened an account. The bronze, silver and gold accounts list this as one of their benefits.

What’s the minimum deposit and trade amount?

The minimum deposit to open an account with Binarymate is $250. The minimum trade amount is just $1, so $250 goes a long way, and the maximum that you can trade is $1500.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

7 Binary Options

Binarymate is a UK registered binary options broker who started trading in 2020. They have chosen to be regulated by the UK and adhere to some of the strictest financial regulations in the world as this allows them to offer their services to traders across the world; even US traders can access their software and sign up for an account.

This broker is the first to bring an exciting new feature to the market: live video chat. This will allow you to see and speak to a member of the customer support team at any time of the day or night.
They have also opted to design and build their own unique in-house trading platform. The main reason behind this decision was to ensure they could offer the best possible service in terms of performance, quality and reliability. This new approach appears to be working as they are already gaining popularity and building a good customer following.

An additional incentive to use Binarymate lies in the fact they offer free educational material to all their traders. Whether you need help from one of their market experts or simply wish to study the extensive range of fundamental analysis information; you can do so for free. Other trading tools include technical analysis, trade patterns and access to all the latest news from the markets. There is even a section which will provide you with trade ideas.

Basic information:

Online since: 2020
Jurisdiction: United Kingdom
Software: In-house unique platform
Max Returns: 90%
Bonus: 100% + $250 Welcome Bonus
Minimum Deposit: $250
Minimum Investment: $1
Maximum Investment: $10000
Currencies: USD, EUR, GBP, RUB
Mobile: No
Countries: All nations

  • Accepts traders from all over the world, including the US
  • Your funds can be withdrawn in an industry leading one hour
  • All new Live video chat feature available 24/7 and unique to this broker!
  • Free money and market management tools
  • Weekend trading
  • Exceptionally high deposit bonus and the highest returns rate in the industry
  • Exceptionally small minimum trade of just $1
  • Well designed and easy to use platform
  • Demo account – to get you started in trading or improve your techniques
  • Supports English, Russian, French and Spanish
  • The site can be used for manual trades or aligned with automated trading software to ensure you get the most from the software.
  • Doesn`t have mobile trading yet

7 Binary Options Rating:

Trading Options

You can trade in all the usual options; there is an excellent range of stocks and the most popular currencies as well as the possibility to trade on the commodities market and with indices.

Trades vary in length from the shortest at thirty or sixty seconds right through to one year; you choose the trade depending upon the results you hope to get; one year is a long time to commit to a trade!

Almost all trades have the option to be closed early if you feel the need to; this is one way in which you can ensure that you do not lose all your investment. Binarymate offers an industry leading 90% rate of return on investments and you can trade from as little as $1; the maximum trade is $10,000.

Opening an account requires the completion of a simple form and the deposit of your first funds; the minimum which can be deposited is $250 to open an account.

There are three different account types:

  1. Bronze – Minimum deposit of only $250 with a twenty percent welcome bonus. You will also get free access to all educational material and video support.
  2. Silver – This requires a higher deposit of at least $1,000 and gives a fifty percent welcome bonus. You can also benefit from three trades which are known as risk-free; your funds will be returned if you do not make a return on your investment.
  3. Gold – The top level account requires a $3,000 deposit which is matched by Binarymate. It also gives you a dedicated manager and the option to choose between risk-free trades or an additional $250 of funds.

Screenshot

Finance

Funds can be deposited in a variety of currencies, including GBP, EUR, USD and RUB. The withdrawal service is just one hour and is currently the fastest in the industry. Funds can be deposited via any of the main bank card schemes, MasterCard and Visa are the most popular although AMEX is also accepted.

You may prefer to transfer via wire transfer or even through one of the digital options such as Webmoney or Neteller.

Customer Service

This is exceptional! The live video chat brings a whole new dimension to the support you receive. You can choose to have a public live chat or a private one, depending on which you prefer and the secrecy of your intended transactions. The support staff are available all day, every day and are keen to help you resolve any issues.

They all have a good understanding of binary options and can navigate you through the options or around the website if needed. Binarymate does offer a fast response via email if you prefer to contact them this way. Their dedicated email address is [email protected] Some questions can be answered by simply visiting their website and looking at the FAQ page.

Summary

Binarymate is a UK registered broker with tough regulatory body providing services for traders all over the world.

Their platform is in-house built to support the highest of expectations regarding performance, speed and reliability making Binarymate one of the top brokers in the binary options industry.

Along with the many advantages that the platform provides, their unique face to face live chat support makes them the only broker to support video conversations with their competent and friendly team.

You can choose from numerous types of accounts and minimize your risks by trading with the minimum of $1 trades and up to $10,000 per trade.

When it comes to withdrawals, Binarymate beats all other brokers once again – 1 hour withdrawal time. No more waiting for a withdrawal to be approved for days. They will make sure that your request is dealt with within the hour.

Overall, Binarymate is one of the top and in many aspects the leading broker in the Binary Option World, with many benefits and in-house built platform to make sure your experience is pleasant and, what is more important, profitable.

Additional information

Customer Service: Live Chat / Email: [email protected] / Callback
Languages: English, Russian, French and Spanish
Trading Options: High / Low, One Touch, 60seconds, Long Term, Pair Options, Ladder Options, ProFollow
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 30 sec till 1 year
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Paypal, WebMoney, Neteller
Withdrawal Time: 1 hour
Demo account: Yes

7 Binary Options review: Binarymate : 5 stars.

BinaryMate Review

BinaryMate

Broker BinaryMate
US Traders Accepted
Company Name NORSKE INTER LP.
Headquarters Scotland
Regulation No
Bonus Type Match bonus
Bonus Size 100%
Max Payout 95%
Out-of-Money Reward 0%
Trading Platform BinaryMate
Deposit Options Credit/debit cards, bank transfer, WebMoney, Neteller, Perfect Money, Bitcoin, Litecoin, Ethereum Skrill
Deposit Currencies US dollar, euro, Bitcoin, Litecoin, Ethereum
Minimum Deposit $250
Minimum Trade $1
Maximum Trade $1,500
Online Since 2020
Trading Instruments Currencies, stocks, commodities, cryptocurrencies
Number of Trading Instruments 47
Binary Option Types High/Low
Customer Support Types Phone/call-back, live video chat, email
Education Offered Webinars
Tools Offered Live chat in trading platform, 3 risk-free trades, Swiss prepaid card, personal success manager, advanced platform with indicators and trade ideas.
Commission $50 minimum withdrawal threshold. Reach 100% turnover to withdraw without a bonus, 300% with one. $50 fee for bank transfers. For all other transfers without a bonus, 1% or $20, whichever is larger. With a bonus, 3.5% or $20, whichever is larger. If you try to withdraw before meeting the turnover, you pay an additional 20% fee.
Languages English
Demo Account Yes, no limits.

The vast majority of binary options websites are white label SpotOption brokers, meaning they all use the same platform and provide more or less the same product. But one which is quite distinctive is BinaryMate. BinaryMate has its own proprietary platform. The most unique feature on that platform is the opportunity to chat with an account manager at any time. In every case, the account manager is a beautiful woman — and you get to watch her live through the video feed while you are trading.

Is this a gimmick? Technically yes, of course it is. Whether or not it has value is something you will have to decide for yourself. BinaryMate’s account managers appeal to the same crowd who enjoy gambling at live casinos online with beautiful dealers. If you play at live casinos, you probably will also like BinaryMate.

How does BinaryMate hold up in regards to other features? It turns out to be a mix of very good and very bad.

Flexible Bonuses But High Fees

There are three account types available on BinaryMate:

All three come with a demo account — which is great.

The account page is pretty nifty in itself; there is a slider which you can drag to see the features and benefits based on your deposit amount.

Two common account currencies are available: euro and US dollar. Traders may choose to keep accounts in one of the major cryptocurrencies. Deposit in your account via credit or debit card, bank transfer, QIWI OKPAY, Payoneer, Perfect Money, WebMoney, Neteller, Skrill, Bitcoin, Litecoin, and Ethereum.

This site gives out massive bonuses — up to 100% on amounts as high as $50,000. The good news is that you can accept or reject a bonus as suits you. Many other websites require you to accept a bonus in order to trade, which can cause problems when it comes time to withdraw your money.

The bad news is that no matter what you do, the withdrawal fees and restrictions are pretty dicey:

  • $50 minimum withdrawal threshold

If you accept a bonus:

  • You must meet a turnover requirement of 300%, or pay a 20% processing fee.
  • If you do meet the turnover requirement, you will still pay a fee of 3.5% or $20, whichever is higher. This is true for all withdrawal methods except for bank transfers, which command a $50 fee.

If you do not accept a bonus:

  • You must meet a turnover requirement of 100%, or pay a 20% processing fee.
  • If you do meet the turnover requirement, you will still pay a fee of 1% or $20, whichever is higher. This is true for all withdrawal methods except for bank transfers, which command a $50 fee.

There is no denying that those are some hefty fees! The only upshot here is that the 300% turnover requirement is only to 3x the amount of your deposit + the bonus, which is actually stupendously low compared to the average — which is closer to 30x.

Awesome Trading Tools

When you first click into the trading platform, you will notice that it is very different from most. The standout feature which will instantly grab your attention is of course the live video feed. There you can see your account manager. You can address her in the chat window underneath at any time while you are trading. You can trade on BinaryMate on your desktop or laptop.

Another big drawback with BinaryMate is the lack of variety in trading. There is only a single trade type: High/Low. There are no features to control your trades (Early Close, etc.). You can trade currencies, commodities, stocks (no indices), and cryptocurrencies (Bitcoin, Ethereum, and Litecoin). Only 47 trading instruments are available.

So what is there to get excited about here (aside from lovely account managers)? It turns out that this is actually quite an advanced platform. You can add a ton of different indicators to your charts to plan your trades, and you can expand the charts to fill your entire screen.

If you click around, you will also discover another cool feature: suggested trades. The team at BinaryMate regularly uploads trade ideas and posts them in the platform where you can view them, read the analysis, and decide whether to use them. This is provided entirely for free. It is not the same thing as a signal service (because you need to log in and view the data manually), but it is an excellent addition to the site (assuming of course the trades are effective).

Customer Service

While I was checking out the demo platform, I had a few questions and asked them in the chat window. The account manager answered quickly in each case. How helpful was she? Well, she didn’t seem to entirely understand my questions – so no, these women are not expert traders. You should definitely not be relying on them for educational advice about trade decisions.

But she did do her best to answer my questions, and in most cases managed to do so, however indirectly. There is also a telephone line you can call. You have the option to request a callback as well.

Conclusion: BinaryMate Has High Fees But Some Cool Features

The biggest drawback with BinaryMate appears to be their fees. That said, if you are planning to accept a bonus, BinaryMate actually has fewer strings attached than most sites. But you will pay a significant fee for every one of your withdrawals. Think about it. If you deposit $250, and you try to withdraw that amount, you will pay nearly 10% in fees.

There are a lot of cool, unusual, and fun features on BinaryMate, however. If the video chat with the attractive account managers is something you enjoy, it can be a great feature. If you are a little more serious about your trading, you should find the trade ideas and the charting tools available in the proprietary platform quite helpful. So while BinaryMate has advantages and disadvantages, we can cautiously recommend it to those who do not mind the fees.

BinaryMate , 1.5 out of 10 based on 4 ratings

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
    BINOMO

    Only For Experienced Traders.

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