BinaryMate Review

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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:

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  • Binomo
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  • 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

VideForex ( BinaryMate ) Review

Overview

VideForex ( BinaryMate ) , launched in 2020, is a new generation binary options broker on the market. It’s a new revolutionary propietary trading platform including a live video chat with managers 24/7 .

Details

Platform VideForex ( BinaryMate )
Website URL www.videforex.com
Founded 2020
Headquarters Seychelles
Support Types Live Video Chat , Phone , Email , Callback
Languages English
Trading Platform Propietary
Minimum 1st Deposit $250
Minimum Account Size $250
Minimum Trade Amount $1
Bonus 100% + $250 Welcome Bonus
Max. Payout 95%
Free Demo Account
Account Types Micro Account ( $250 – $999 ) , Bronze ( $1000 -$2999 ) , Silver ( $3000 – $49999 ) , Gold ( +$50000 )
Deposit Methods Credit Cards , Wire Transfer , Altcoins , Ethereum , Bitcoin , Perfect Money ,
Withdrawal Methods Credit Cards , Wire Transfer , Altcoins , Ethereum , Bitcoin , Perfect Money ,
Number of Assets +100
Types of Assets Currencies, Commodities, Indices, Stocks
US Traders
Mobile Trading
Tablet Trading
Overall Score 4.5
  • 24/7 Live Video Chat
  • Revolutionary Propietary Platform
  • Withdrawals in 1 hour
  • Up to 100% Deposit Bonus + Risk Free Trades
  • Demo Account
  • Free Education
  • All funds are safe and held in a EU bank
  • Secured Trading
  • Trading on Weekends
  • Not Demo account

Full Review

Last VideForex review update: January 16 2020

VideForex ( BinaryMate ) , launched in 2020, is a new generation binary options broker on the market. It’s a new revolutionary propietary trading platform including a live video chat with managers 24/7 .

Their payout system is really astonishing. You can get up to 95% return in 60 seconds on over 100 assets to trade.

And best of all they are accepting Bitcoin, Ethereum and altcoins as deposit method.

VideForex – Live Video Chat

Binary Mate Trading Platform

During our research and test, we were very impressed with the fact that its fully developed on-house trading platform is very easy to use for both beginner traders or professionals. It’s available on desktop and mobile Apps ( Android and iPhone ).

its trading platform possesses the highest security level ( 10 point out of 10-point grading scale ), simple user-friendly interface and is extremely convenient especially for active style of trading.

Type of Accounts & Minimum deposit

There are 3 type of accounts available ( Bronze, Silver and Gold ) according to your deposit.

Demo accounts are awarded to all customers who deposit upon request to its customer service.

Minimum Deposit

Bronze account only have a minimum deposit requirement of only $250, so it’s perfect for beginner traders, however for advanced traders we recommend a deposit of over $3000 and get a huge 100% Bonus ( check bonus requirements on their website ).

Assets

They offer a wire variety of assets to trade including commodities, stocks, indices and the most popular currencies pairs like EUR/USD, GBP/EUR or USD/CAD.

Promotions ( Bonuses )

VideoForex offers up to 100% Deposit Bonus + Free Risk Trades to all traders.

Trading Contest

All binary mate traders are automatically registered for FREE in their trading contest . They are giving away $20,000 in prizes with 20 winners every week.

Payout

Videoforex have of the highest payouts in the binary options industry. You can get up to 95% Payout on standard options.

[info]Recent research related to precision and speed evaluation of Binary mate platform clearly shows that average Binarymate trader’s success rate is 30% higher in comparison to other platforms.[/info]

Deposit / withdrawal

They offer 1-hour withdrawals and multiple deposit methods including credit cards, Ethereum, Bitcoin, Perfect Money and AltCoins.

Customer Support & Education

Videoforex.com is the first binary options platform to provide 24/7 live video chat support to its customers. Beautiful ladies ( account managers ) are dedicated to answer all potential queries, and help you to get the best returns of your investment.

Furthermore also they have customer service through phone, email and callback.

Binary Mate provide account managers for one on one training, as well as free training lessons and education videos

Regulation in United States

VideForex is an offshore broker not regulated within USA with CFTC *

VideForex Review: Summary

They provide the most advanced binary options trading platform, with 24/7 live beautiful managers to help you achieve the best results in your investment.

Videforex gives traders ability to trade manually or with the help of 3d party robots and trading assistants.

Others pros such a minimum deposit of just $250, 1-hour withdrawal, free education and high payouts make VideForex the best choice among binary options brokers.

Binary Mate Review – is binarymate.com scam or good binary options broker?

Visit www.BinaryMate.com

General Information

Minimum deposit Min. bet size Payout % Bonus Trading platform
$250 $ 10 Up to 85% 20%-100% proprietary web

BinaryMate is a binary options broker, offering trading in different financial assets on its in-house web-based platform.

Trading Accounts

Based on the client’s initial deposit, BinaryMate offers several account types:

Account type Min. initial deposit Welcome bonus Risk-Free Trades
Bronze $250 20%
Silver $1 000 50% 3
Gold $3 000 100% 3

However, BinaryMate offers demo trading solely to live account holders. That means, if there are any problems, you’ll learn about them when it is already too late.

The Company. Security of Funds

Affort Projects S.A.

Launched in 2020, BinaryMate website and trademark are owned by Affort Projects S.A., comany registered in the Seychelles. According to the information on the broker’s website, BinaryMate acts as an agent of Finance Group Corp., holding a financial services license from the Vanuatu Financial Services Commission (VSFC) .

Binary options brokers have increasingly bad reputation lately, as many of them, especially offshore ones and non-licensed and, turn out to be scams. The case with BinaryMate does not seem very promising either: there is an impressive number of client complaints against the broker (refused withdrawals, its prices don’t match the market direction, etc.) and actually behind the brand are two offshore companies.

Don’t be fooled by a Vanuatu license – this is just a shiny piece of paper anyone with $2,000 in his pocket can get. This is the minimum capital requirement for forex and binary brokers set by the VSFC. By comparison, CySEC requires at least EUR 730 000 in capital from new brokers, which acts as a deterrent for most scammers.

Trading Conditions

Trading Options: turbo, intraday and long-term options

Assets: Currencies, Stocks, Indices, Commodities

Expiry times: 30 sec – 1 month

Minimum Initial Deposit

The minimum initial deposit for clients of BinaryMate is $250, which is not that low. Many brokers require less – Grand Capital, for example, demands just $10.

The minimum bet size with this broker is $10, which is standard for the industry. By comparison, Grand Capital one can place a trade with just $1. Low minimum bet sizes allow for better risk management.

The payout percentage offered by BinaryMate ranges from 70% to 85%, which is also average. In comparison, payout percentage offered by Grand Capital reaches 86%.

Trading Platform

BinaryMate uses its proprietary web-based platform, where users can trade in binary options and CFDs. Copy trading services are also available.

BinaryMate’s proprietary platform. Click to see a larger image.

Methods of Payment

BinaryMate offers its clients wide range of payment methods: wire transfer, credit/debit cards, Skrill, Neteller, Perfect Money, OKPAY, Qiwi, as well as several cryptocurrencies (Bitcoin, Ethereum, Altcoins).

Conclusion

BinaryMate is a relatively young binary options broker, registered offshore. The fact that it is not regulated is the main reason why it is not recommended. Besides, its reputation is not good, and we find the type of options offered on its platform rather limited. To sum up the above, here are the advantages and drawbacks in relation to this broker:

Pros Cons
Average trading conditions Not regulated
Bad reputation
Limited binary options ofered (No One touch, Ladder, Double up, etc.)
No free demo accounts
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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