Binarymate
Overview of Binarymate Broker
Binarymate stands out as a brokerage firm tailored to individuals venturing into the realm of investments. Headquartered in the Seychelles, it is under the ownership of Algobit Ltd, with its office situated at 309&310 Office, Albert Street Victoria, Mahe. While the website does not explicitly mention possessing a license, a displayed badge implies compliance with relevant regulations.
Trading Options
At Binarymate, traders can access a diverse range of over 100 assets, encompassing stocks, currencies, indices, and commodities. However, specific trading conditions are not readily available on the platform.
Deposits and Withdrawals
Traders have the flexibility to fund their accounts through various means, including bank cards, bank transfers, and payment systems. A nominal 5% fee is applicable solely for deposits made via cards. Withdrawals are processed promptly, typically within an hour, and do not incur any additional charges. Client funds are securely held in separate accounts in European banks.
Platform and Account Choices
Binarymate provides clients with a user-friendly trading platform accessible via web browsers, Android, and iPhone devices. While detailed information about the platform is scarce, traders can opt for one of three account types: Bronze (ranging from $250 to $1,000), Silver (ranging from $1,000 to $3,000), and Gold (ranging from $3,000 to $50,000). Additionally, a demo account featuring virtual funds caters to novice traders.
Website Features
The Binarymate website supports multiple languages and includes essential legal documents like the User Agreement and Privacy Policy. However, educational resources, news updates, and market analyses are notably absent. To enhance user experience, the site offers an automatic translation feature for seamless navigation.
Customer Assistance
For customer inquiries, Binarymate offers a technical support system comprising group and private chat functionalities for direct interaction with company representatives. The website provides a contact phone number for immediate assistance, while a feedback form and email option are not available.
This review has been prepared by the specialists at ExpertsReview.