We advice to not use BinaryMate, since binary options recently have been prohibited for retail traders and even if they are registered in the UK, they do not have a license.
Owned and operated by Suomen Kerran LP, BinaryMate is a brokerage company specialized in the trading of stocks and shares on the stock exchange market. It was founded in 2016, with its initial base in Seychelles, and later moved to Europe. The operating company, Suomen Kerran LP, is duly registered in Edinburgh, Scotland (Registration number: SL25219).
The wide array of services offered by this brokerage include multiple trading products, online platforms, customer assistance, and many trading features. This is a relatively new broker but has been ambitious enough to take on the stock trading industry with Binary Options trading.
Bonuses are offered of up to 50%, and the website indicates that payouts are made within an hour, upon submission of a request.
The platform is custom designed, and the company offers a return on investments as high as 95%. There is a BinaryMate demo account available for those who are new to venturing into stock trading. You can choose from a variety of trading accounts, and the minimum deposit is $250. The company also has weekend trading and a wide variety of free tools. Read on in this BinaryMate Review to see if this broker meets your requirements.
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Is BinaryMate A scam? Is BinaryMate Regulated?
Despite the emergence of binary trading options and its steady growth, enthusiastic traders haven’t shied away from criticising this form of investment. This includes the various binary trading brokers that are available, including BinaryMate. For one, quite a number of people have indicated that it doesn’t have clear guidelines on how it is regulated, which makes it a high-risk entity.
This is despite it being registered in the UK. Some customers have voiced their frustrations at it not being honest about how it transacts its business. For example, the website indicates that payouts occur within the hour, yet some have said it took them weeks to get their payout. However, general complaints are by no means an indication of a BinaryMate scam, and the company has adopted stringent measures to protect the funds of its customers. This company certainly has some interesting features on offer, including live video chat which is available 24/7. The site is user-friendly, is in four languages, and you can use it for both manual trades or automated trading. We would caution against using a broker that is unregulated, or trading in binary options. It’s much wiser to find stock brokers or Forex brokers instead.
Alternatives To BinaryMate
There is a large pool of stockbrokers from which potential clients can choose. It is worthwhile studying several reviews to get detailed information on the various options available. Apart from BinaryMate, there are many other brokers who are regulated and recommended.