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Company Name
Algobit Ltd.
Company Abbreviation
Binarymate
Platform registered country and region
Marshall Islands
Company website
Company summary
Pyramid scheme complaint
Expose
| Binarymate Review Summary | |
| Founded | 2015-08-11 |
| Registered Country/Region | Marshall Islands |
| Regulation | Unregulated |
| Market Instruments | Forex/CFD/Options |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | Binarymate(Web/Mobile(Android)) |
| Min Deposit | $250 |
| Customer Support | Tel: +442080685335 |
| English phone number: 1-829-9476393 | |
| Russian phone number: 7-499-7033774 | |
| Chinese phone number: 3-395-0396 | |
| Thai phone number: 02-21345671 | |
| Singapore phone number: 965-65425142 | |
| Australian phone number: 61-8-5550-7288 | |
| Facebook/Twitter/Instagram | |
| Live video chat | |
Binarymate Information
Binarymate is a brokerthat provides more than 100 assets available for trading,including forex and CFD. The broker also provides three accounts. It also offers various payment methods and the deposit is $250. Binarymate is still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| Demo account available | Unregulated |
| 24/7 live video support | MT4/MT5 unavailable |
Is Binarymate Legit?
Binarymate is not regulated, making it less safe than regulated brokers.
What Can I Trade on Binarymate?
Binarymate offers 100+ market instruments, including forex, options, and CFD.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFD | ✔ |
| Options | ✔ |
Account Type
Binarymate has three real account types: bronze, silver, and gold. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
| Account Type | Bronze | Silver | Gold |
| 24/7 Live video chat support | ✔ | ✔ | ✔ |
| Withdrawals | In 1 hour | In 1 hour | In 1 hour |
| Demo account | ✔ | ✔ | ✔ |
| Bonus | +20% | +50% | +100% |
Trading Platform
Binarymate provides a propriety trading platform available on the web and mobile(Android) versions, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.
| Trading Platform | Supported | Available Devices |
| Binarymate | ✔ | Web/Mobile(Android) |
Deposit and Withdrawal
The minimum deposit is $250. Binarymate accepts Visa, MasterCard, WebMoney, Qiwi Wallet, OK Pay, Bank transfer, Skrill, Neteller, etc. for deposit and withdrawal. The withdrawal processing times are within 1 hour and associated fees are up to 5%.
| Method | Transfer fee | Funding time | Withdrawal time |
| Visa/MasterCard | 5% | Instant | Up to 1 hour |
| Bitcoin | No fee | Instant | Up to 1 hour |
| Altcoins | No fee | Instant | Up to 1 hour |
| Ethereum | No fee | Instant | Up to 1 hour |
Bonus
The bonus is up to 100%. The more the first deposit, the higher the bonus.
| First deposit | Bonus | Total trading deposit |
| 250$ | +20% | 300$ |
| 1000$ | +50% | 1500$ |
| 3000$ | +100% | 6000$ |
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