Binary Mate Review
If you are looking for a new and unique binary options trading platform, Binary Mate may just be the broker you have been seeking.
We decided to investigate this rather new binary options broker to see why so many traders seem to be jumping on-board the Binary Mate trading system.
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- Fast withdrawals
- Live video chat with customer service representatives
- Not licensed
Binary Mate Deposit & Withdrawal Methods
Binary Mate Broker Information
- Founded: 2015
- Company: Lerona Impex SA
- Incorporated: Seychelles
- License: None
- Minimum Deposit:
- Minimum Withdrawal:
- Returns: 95%
- Minimum Trade:
- Demo Credits:
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
About Binary Mate
Binary Mate is owned and operated by Lerona Impex SA who is headquartered in Seychelles.
Binary Mate engineers developed their own proprietary trading platform that seems to react quickly to traders requests.
They offer binary options trading contests and a wide range of educational resources to help traders be successful in the world of binary options trading.
Binary Mate also has 2 features that have been drawing many investors into their system:
- They offer live video chat with customer service representatives
- They offer 1 hour withdrawals which you do not find with many other brokers
Binary Mate History
Lerona Impex SA in Seychelles just opened Binary Mate earlier in 2016. You may be familiar with Lerona Impex SA, as they also own and operate Finpari.
The goal was to create a unique, and trader friendly binary options system, and it looks as if Binary Mate meets those standards.
Being quite new, we will keep a close eye on this broker as they grow in stature.
Binary Mate Bonus Terms And Conditions
Binary Mate does offer some great bonuses to traders, but there are certain stipulations that the investor must meet to be able to withdraw that bonus money and any profits made from it.
At Binary Mate, the trader must make trades in the volume of 20 times their deposit plus the bonus. So, if you deposit $250 and receive a $50 bonus, you would have to make trades amounting to, or over $6,000.
Many traders will not accept bonuses for this reason.
Binary Mate Withdrawal & Bonus Terms and Conditions
Binary Mate has some of the best withdrawal methods in the industry. As long as all things are in order, some withdrawal methods can be as quick as instant or 1 hour.
But, Binary Mate does abide by anti-money laundering policies. We recommend that you send in compliance documents as soon as you create an account. These would include:
- A copy of your government issued photo ID
- A copy of a recent utility bill showing your name and address
- A copy of the credit card used
There are many methods you can use to fund and withdraw from Binary Mate. These include credit and debit cards, bank wire and a wide list of ewallet methods including Paypal.
Binary Mate Demo Account
When you create an account and deposit at Binary Mate, they do offer you the opportunity to get adapted to their trading platform by using a demo account. By doing so, you will gain an understanding of their proprietary trading platform and find what trading methods work best for you.
Binary Mate Scam Watch
While Binary Mate is not yet licensed, from the way they are operating, I would say they will have no issues gaining licensing and regulation.
I see nothing but positive reviews thus far with the Binary Mate trading system.
They do say that deposits in will be processed in 1 hour in most methods, but there are circumstances on weekends and holidays where those times may be longer.
We will keep a close eye on the Binary Mate binary options trading brokers, but at this time, we will say that they are not a scam and seem to be a reliable binary options broker.
Binary Mate Mobile Review
Binary Mate does offer a mobile trading platform for both Android and iPhone applications. It operates in much the same format as the web platform, so traders can have all the advantages of trading while on the move.