Binary Mate Review
A rather new binary options broker, BinaryMate started operations in 2016. They use their own proprietary platform where investors can trade in short, medium and long term binary options.
BinaryMate is owned by Affort Projects S.A. who is based in Seychelles.
One thing that really sets BinaryMate apart is they do allow U.S. traders and they have live video chat (customer service).
Due to the fact that BinaryMate is so new, they are not yet licensed or regulated.
They do also have a mobile application for those who wish to trade on the go.
I cannot find any negative comments or reviews of BinaryMate up to this point.
BinaryMate Deposit Terms & Conditions
The minimum deposit amount at BinaryMate is $300. There are many ways an investor can deposit once they have created an account.
Deposit methods include:
- Credit cards
- Various ewallet methods including JCB, Neteller, Skrill and many others
Before you can withdraw your profits from BinaryMate, you will be required to submit certain documents to abide by anti-money laundering regulations. I suggest you do so immediately upon depositing so you will not have a delay with withdrawing your winnings.
Documents required are:
- A copy of your government issued photo identification.
- A copy of a recent utility bill showing your name and address.
- And if a credit card is used to deposit, a copy with all but the last four numbers blacked out.
This will make your withdrawals quick and easy.
BinaryMate Bonus Terms & Conditions
BinaryMate does offer depositors bonuses but it is important that you understand the terms to those bonuses before you can withdraw that money or profits made while it was in effect.
At BinaryMate, traders must trade a volume of 20 times the bonus amount before they can withdraw bonus money and the profits made.
So, if you receive a $50 bonus, you would have to make trades in the volume of $1,000.
You are not obligated to accept bonuses, so keep these terms in mind before accepting one.
BinaryMate Withdrawal Terms & Conditions
There is a minimum withdrawal of $50 at BinaryMate and all funds are processed back in the same way you deposited..
BinaryMate claims that for most payment options, they process withdrawals within 1 hour. If that is true, it is amazing. Very few binary option brokers offer that quick of withdrawals.
Just remember that you must submit the anti-money laudering documents before requesting a withdrawal.