Review My First Binary Broker, Legit Investment or Scam

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Legit Broker Review – A true Scam!

Legit Broker Review – A true Scam!


Last Updated: Aug 30, 2020 @ 12:16 pm

Are you overpowered by the thought that there is a major dearth of reliable binary bots? Well, you are not wrong in this regard and the real issue is that the market is full of trading scams. However, you should not let this idea worry you because you will find reliable bots as well in the market provided you do a bit of research. Here we will make things a bit easy for you by unveiling a major trading scam by the name of Legit Broker which is a binary options trading system that claims to be making use of the best brokers. All you need to do is go through the complete review of this binary bot to know all the details you need.

Legit Broker: Bringing out the reality

Now when we visited the website of Legit Broker, then we were truly taken a bit back. The reason is that the site lacks the basic insight. We felt that the necessary details were not there to convince you that you are moving in the right direction and this is what made us pretty apprehensive. They present the process of joining to be pretty simple. You need to start with joining and funding your trading account. Next you can move to auto trading. However, we feel that this can seriously hamper your learning curve. Moreover, Legit Broker fails to offer any educational material on its respective website.

Now we feel that it is quite easy to list down the names of the best brokers on the website. However, it is quite difficult to prove whether Legit Broker is actually making use of these brokers or not. Currently, the system claims that they offer both auto and manual trading. However, we feel that things are not as simple as presented.

If they truly offer both the facilities, then a demo should have been able available in this regard to prove the point. When you have the access to the demo, then you can figure out yourself if a system is really worth it or not. This system claims that they periodically test the brokers. The question is how. A clear approach should have been presented in this regard.

Next this system claims that they have speedy withdrawals. Well, the reality can only be found out after trying out the system. Now Legit Broker claims that they offer an excellent customer support. However, when we did our bit of research we noticed that the communication options are quite limited when you decide to opt for this platform. All you can do is send an email to the system. Now there is no surety about the fact whether your email will even get a response from the support side. The live chat facility is also not offered by Legit Broker. This was yet another factor that was enough to make us quite apprehensive.

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What we found more frustrating is that the video has a voice over. This means that no one is really taking responsibility of this system and this should be enough to make you upset that you are making the wrong choice when it comes to selecting a trading system. Legit Broker lacks online presence as well. We could not get our hands on any Facebook page related to this platform as well and we strongly believe that it is a reason to worry. The reason is that when the social media presence is there, then you can trust the platform with immense ease. However, it is not the case with Legit Broker.

Another element that we found pretty disturbing is that when you make use of Legit Broker and go for a registration, then it compels you to make a new broker account and you cannot continue with the old one. This means that you have to give an additional amount of $250 when you open up an account with this platform and this is what makes this system quite a bad choice for the traders.

Apparently this system claims to be making use of two trading strategies. One is Trend Trading and the other one is Stoch Trading. The Trend trading strategy seems to be working on the principle of moving average. Now as per this strategy when the price is greater than the moving average, then the asset is assigned an upward trend. If the price is lower than the moving average, then the asset is assigned the downward trend. However, we could not find any verifiable proof how Legit Broker puts this strategy to use.

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This binary trading bot seems to be making use of another strategy as well that is Stoch Trading. It seems to be making use of the Momentum Indicator. However, this concept is quite difficult for a new person to understand and we feel that there should have been some more elaboration in this regard to make things simple for the trader.

Scam personalities behind the system

The worst part we found about this system is that we could not get our hands on any information related to the CEO of the system. You cannot just go with a trading bot if no one is willing to take responsibility. We could not find any testimonials on the site as well. This is what made us feel that this system has not really been tried out by any authentic traders. This is why we strongly discourage the use of this trading system by all means.

Verdict: Legit Broker is a Scam!
Fake website:

We encourage you to make legitimate choices when it comes to binary trading. This is why Valforex is dedicated to providing you information about scam bots and facilitates knowledge about reliable binary signal services. This is why you need to use your discretion when selecting binary bots to avoid losses.

Pin your hopes on Valforex and trust the information you get about binary systems.

BinaryMate Review 2020 – Is Scam or Legit?

Name BinaryMate Review 2020 – Is Scam or Legit?
Founded 2020
Legal Entity ISPrime, Inc., US
Turnover 95%
Minimum deposit $250
Bonus Up to 100%
Full Address Netherlands, Noord-holland, Amsterdam
Phone No
Regulation No
Site visit site
E-mail send mail
Visit Broker

Binarymate, established in 2020, is one of the newest brokers in the binary options industry. Already, the broker is causing a stir in the industry and positive feedback from traders around the world is flowing in, even from US traders.

It seems as if Binarymate is committed to meeting the needs of traders, but we still decided to carry out an investigation and assess if it delivers according to promise.

Customer Service

Customer service at Binarymate is simply top-notch. The broker has a multilingual customer service team available 24/7 to address the various issues raised via live chat, email, or phone.

Exceptionally, Binarymate has an advanced support assistance that provides traders with a “mate” to handle issues via live video chat.

You can choose to have a public live chat or a private live chat, based on your preferences and the secrecy of your engagements. The experienced video assistants can take you through the website and how binary options work, if needed.

This live streaming feature clearly sets Binarymate apart in the industry.

Deposits and Withdrawals

Binarymate offers several secure and reliable payment options, including the major credit cards, wire transfer, Webmoney, Bitcoin, Neteller, and PayPal. The broker allows payments in U.S. dollars and Euro.

Your deposit will be added to the Binarymate account immediately. Astonishingly, the broker processes customer’s withdrawal requests within one hour.

Worth mentioning, the broker utilizes SSL certified 256-bit secure processing technology to guarantee the safety of clients’ funds. Therefore, you can make deposits with a peace of mind.

The minimum deposit you can make is $250. And, depending on the amount deposited, you can get more than 100% bonus.

Trading Accounts

Opening a new account at Binarymate is fast and uncomplicated. The process is straightforward and doesn’t take more than 3 minutes.

To cater for the various needs of traders, Binarymate offers different account types. Every one of them comes with a demo account, one-hour withdrawal, live video chat, and other excellent benefits.

The type of account you will be allocated depends on the amount of first deposit.

Here are the types of accounts:

  • Bronze Account: With a $250 minimum deposit, you will get this type of account. It also comes with more than 20% deposit bonus.
  • Silver Account: You need to make a minimum deposit of $1,000 to get this account, which also comes with a bonus of more than 50%.
  • Gold Account: This requires a minimum deposit of $3,000, and comes with a bonus of more than 100%.

Trading Platform

Binarymate has a simple and intuitive platform that aims to provide traders with the best conditions for having a rewarding experience from binary options trading. Notably, the platform is open for trading even during weekends.

The broker has integrated its innovative video chat on the platform. You can trade with the web-based platform or the mobile platform available for Android and iOS.

The Binarymate platform has a wide variety of more than 100 assets, which consists of currencies, stocks, indices, and commodities. As such, you cannot miss to find an asset that resonates well with your preferences.

Depending on your trading style, you can trade the regular binary options, 60-seconds options, or One-touch options. Binarymate offers payouts of as high as 95%, which is among the highest in the industry.


Realizing consistent success in binary options trading requires a comprehensive education. As such, Binarymate provides a wide collection of training resources to help customers curve a successfully career in binary options trading. Binarymate has comprehensive free market analysis, expert commentaries, and trade pattern ideas.

Furthermore, after opening an account, Binarymate will assign you a dedicated account manager to ensure you trade profitably.


When it comes to regulation, Binarymate does not seem to have received licensing from any financial authority. Nonetheless, the broker has shown transparency in displaying the facts about its dealings. In fact, its homepage proudly displays the number of accounts in its system, monthly trading volume, and other important statistics.

More so, during our review, we searched various websites and forums and did not find any significant negative feedback about the broker. Therefore, we can confidently confirm that Binarymate is not a scam broker.

Pros and Cons of Binarymate


  • S. traders allowed
  • Excellent customer service with live video chat available
  • Different accounts in different currencies
  • User-friendly platform
  • Extensive education materials
  • High payouts
  • Demo trading available
  • High deposit bonus amount
  • Extensive variety of financial assets
  • Secure payment and trading environment
  • Weekend trading possible
  • Fast withdrawal process of under one hour


  • Relatively new in the industry
  • Relatively high minimum deposit requirement
  • Lacks regulation from a notable financial authority

Binarymate shines because of its live video chat feature, user-friendly trading platform, and commitment to the needs of traders.

Because it is relatively new in the industry, maybe we need more time to evaluate if it will still be on track and deliver what it promises. Nonetheless, it is worth trying out, especially if you are in the U.S.

Range of Services

Your Rating

I have being a victim of these fake brokers. I invested about $390K MAGNUM option and all could do in my first withdrawal was $59k. Then my money started going down the drain till i was left with only the bonus they said i couldn’t withdraw until i fund my account again. The trend continued and i lost everything.Not one dollar was left. I almost died knowing i was scammed. I was very determined to get my money back so i had to hire [email protected] dot com who recovered 80% of my money including my bonuses to me. The moral of this story is for everyone to be very vigilant about the kind of broker you invest with and if you have lost some money don’t give up the quest to get your money back

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I was able to recover my funds from a very sketchy company, 24Options, last year a friend and i invested all our life savings but got duped in the process. Earlier this year, we were able to use the services of boltonrefunders gmail dot com and we have gotten all our money back. My nightmare is over, Its a whole new day here. Do be careful when dealing with investments,you can also reach them via call or whatsapp +14253121045

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Please always be careful when choosing where to invest your money , I lost over $270,000 USD to unregulated broker who lured me into investing my money , after a successful investment plan they denied me access to withdraw my profit, I tried all my best to get my money back but there was mo response to my mails , I felt so stupid . I contacted some crypto currency Authority to help me recover my money back there they couldn’t offered any support until I meet Mr David markson who took up my cash to ALL BROKERS REGULARLY BODY AUTHORITY. With their help I was able to recover my money back including my profit I, please kindly contact Mr David markson on his email below if you are finding it hard to withdraw your profit , Lost fund to broker or account manager he will direct you on step to take for you to get back your fund within 4-5 days – [email protected]

BinaryMate is almost the same as Kayafx. They will only take your money and you won’t be able to withdraw, they make promising offers that one can’t resist and if care is not taken you will loose all your money to trading. I nearly lost everything until i came in contact with Mrs Cynthia, she taught me how to trade and make my money back, with her help i was able to cash out. you can reach reach her at [email protected] com. sometimes these trading companies promise offers that are too good to be true and i have learnt that if it sounds too good to be true then it is not true

I have been trading with These guys for around 3 months, they have conned me out of trades 3/4 times. The main reason being is the ASK price and the Actual price are not anywhere near close (at certain hours of trading) this meaning Friday night a few hours before the market closes (already a challenging time in the FX market) They adjust the spread fee very high mid trade, meaning my analysis of the charts were spot on and SL was in perfect place but when they stupidly increase their commission/spread fee MID TRADE I get kicked out just before price moves back in favour of my trade but I get stopped out. Their reply to this is “The spreads are wider during the night sir because there is low liquidity of the market” If only I could load a screen shot you would see just how far I was stop lossed out the trade at 1.10564 when my stop was placed at 1.10579! Any trader knows this is small but can make all the difference. On top of this when I place an Order to enter a trade at future price I go back to check my order and they have doubled my risk from my request. I had to tell a friend at work who referred me to Recoveryexperts0 at gmail who were just able to recover some part of the money I lost. this is most definitely in my opinion a dodgy business and likely the reason why 99% of retail traders wipe their account or get put off trading and give up. I’m not going to fall into either, I will simply take my business else where and cut my loss.

These people cannot process a withdrawal I invested $45,579.00 with the broker wise banc and won a bonus of $156,834.000 I wanted to make a withdraw and they can’t process it, I have been trying to get my money out since mid- July 2020. I have given them all my banking information: routing number, acct number . and they cannot manage to produce the withdrawal. I kept getting messages saying they are working on it, I wasn’t able to withdraw my money from the account, thought I was not gonna see this day but God so kind. I was able to get solution to my withdrawals issue with my broker wise banc with the help of a recovery expert Mr Jesus markson whom was recommend on the broker reviews, who helped me recover my funds including my bonus, I would not trust wisebanc to ever make my withdrawal go through so I had to seek help elsewhere and they already closed my account. They seem dishonest, I am happy I could get back my money from them, I advise everyone out there to be very careful with the brokers they invest their money with, in case you are reading this and you are already a victim of this fake binary broker, there’s still hope to recover your funds, feel free to reach out to Mr Markson via his email address:[email protected] and he will guide you on a simple step to take and get back your investment. Good luck

My advice goes to anyone out there willing to invest. I was scammed of $5700 by these guys months ago and I had lost every hope I had of recovering my funds but i exercised patience and came across someone who helped me through the process of recovering all my lost funds back from them. If you ever need assistance with recovering your lost funds from your broker or maybe your broker manager has been asking you to make more deposits before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account. If you’re interested in getting all your lost funds back kindly get in contact with David Markson, he was the one who helped me get back my lost funds, contact him via his email :[email protected]

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My First Binary Broker –

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My First Binary Broker –

Сообщение newpt » 16 сен 2020, 11:44

Я не админ/владелец!
Старт: Сентябрь, 9 2020

My First Binary Broker

О проекте (гугл перевод)

Инвестиционные предложения:

Starter (Через 5 Дней)
Plan 1 $25.00 – $99.00 150.00
Plan 2 $100.00 – $1000.00 175.00
Plan 3 $1001.00 – $25000.00 200.00

Premium (Каждый час на 72 часа)
Plan 1 $50.00 – $249.00 2.00
Plan 2 $250.00 – $999.00 2.25
Plan 3 $1000.00 – $10000.00 2.50

Advanced (Через 1 День)
Plan 1 $100.00 – $999.00 115.00
Plan 2 $1000.00 – $10000.00 125.00

Vip (Каждый час на 5 часов)
Plan 1 $250.00 – $999.00 23.00
Plan 2 $1000.00 – $5000.00 25.00

Мин/Макс вклад: 25$/25,000$

Refferal: 4% – 0.5% – 0.5%

Вклады через: Perfect Money, NixMoney, Payeer / Advanced Cash , Bitcoin ,Bitcoin Cash , Litecoin , Ethereum , Dash, Ripple , Tether and Visa/Master Card are avaliable via Payeer payment gateway

Выплаты через: Perfect Money, NixMoney, Payeer

Verified Perfect Money account

Мгновенные выплаты

Gold Coders Script

DDOS Protection & SSL Certificate: CloudFlare

Updated Date: 2020-09-05T07:40:54
Creation Date: 2020-09-05T07:40:53
Registrar Registration Expiration Date: 2020-09-05T23:59:59
Name Server:
Name Server:

+ 10.92 USD
Date: 15 Sep 2020 09:55
ID: 859577835
Details: P1016567340 → P59698328
Amount: 10.92 USD
Comment: Withdraw to besthyipsclub from My First Binary Broker

Perfect Money
07:01 15.09.19
Batch: 280363206
Received Payment 21.09 USD
Memo: API Payment. Withdraw to besthyipsclub from My First Binary Broker

+ 20.06 USD
Date: 15 Sep 2020 16:08
ID: 859748952
Details: P1016567340 → P59698328
Amount: 20.06 USD
Comment: Withdraw to besthyipsclub from My First Binary Broker

+ 8.01 USD
Date: 15 Sep 2020 19:24
ID: 859844563
Details: P1016567340 → P59698328
Amount: 8.01 USD
Comment: Withdraw to besthyipsclub from My First Binary Broker

Perfect Money
16:45 15.09.19
Batch: 280432088
Received Payment 13.70 USD
Memo: API Payment. Withdraw to besthyipsclub from My First Binary Broker

20:50 15.09.19
Batch: 280458353
Received Payment 16.20 USD
Memo: API Payment. Withdraw to besthyipsclub from My First Binary Broker

+ 24.16 USD
Date: 16 Sep 2020 06:11
ID: 860020203
Details: P1016567340 → P59698328
Amount: 24.16 USD
Comment: Withdraw to besthyipsclub from My First Binary Broker

Perfect Money
05:41 16.09.19
Batch: 280484779
Received Payment 18.05 USD
Memo: API Payment. Withdraw to besthyipsclub from My First Binary Broker

Best Binary Options Brokers 2020:
  • Binarium

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

  • Binomo

    Good Broker For Experienced Traders!

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