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Binarymate Broker Information

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  • Jurisdiction:
  • Regulators: -
  • Founded: 2019

Binarymate Quick reference

Binarymate is a young broker with a primitive website that is trying to make a positive impression. The company is registered in the Seychelles, its owner is Algobit Ltd. Broker's office address: 309 & 310 Office, Albert Street Victoria, Mahe.

Binarymate did not submit a license on the site, but posted a badge that should convince users of the existence of an authorization document from the regulator.

Trading conditions and tools

Binarymate offers over 100 trading instruments. There are stocks, currencies, indices and commodities among the assets. As for the trading conditions, the broker did not bother to set them out on the site.

Deposit and withdrawal

Binarymate offers a choice of any deposit method: by card, bank transfer or via electronic payment system.

A commission of 5% is charged only when depositing with a card. Withdrawal of money is carried out without commission. The same directions are available as for deposit.

The broker guarantees the processing of applications for withdrawal of funds within one hour. Binarymate takes care of the security of client money, therefore it stores them in European banks in separate accounts.

Trading platform

The broker offers customers a “popular and high-tech” trading platform. It is only known that the resource is equipped with video chat and is available in three versions: for Web, Android and iPhone.

Trading accounts

The company has three trading accounts:

  • Bronze - a deposit from 250 to 1,000 dollars;
  • Silver - deposit from 1,000 to 3,000 dollars;
  • Gold - a deposit from 3,000 to 50,000 dollars.

There are no trading conditions in the account descriptions.

It offers traders with no experience a demo account with virtual money. It provides an opportunity to get acquainted with the platform, study the conditions and practice in trading.

Binarymate website

The Binarymate site is primitive and uninformative. It has been translated into four languages: English, French, Spanish and Thai.

There is a section “Question-answer”. There are no training materials. There is no news section and market analysis either. As for legal documents there is a User Agreement and Privacy Policy. They are written in English, but it is possible to make an automatic translation into any language of the site.

Technical support

Technical support is poorly presented. The site has group and private chat.

You can contact company employees by phone, which is indicated in the upper left corner of the online resource. There is no email and feedback form.

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