Americans should only trade at a FINRA registered broker, see here.
BinaryMate is a binary options broker that opened in June 2016. BinaryMate is owned by Affort Projects S.A. located at 309 & 310 Office, Albert Street Victoria, Mahe, Seychelles. Their phone number is (829) 954 8077.
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The trading system that Binary Mate gives their clients in a new proprietary system that is not found at any other broker. The really unique feature that sets them apart from other brokers is their live video chat with customer service representatives. We actually tested it, and they are real people!
They offer 3 types of binary options; Turbo, Intraday and Long Term options. The Turbo options are for 30 seconds, 1, 2, 5, 10, 15 and 30 minutes. Long term options are weekly that go out five weeks. The minimum deposit for new accounts is $250, and the minimum trade size is $1. Starting in February, they account Skrill for deposits.
Binary Mate says that they process withdrawals within one hour, but we have not actually tested them out.
They offer new traders bonuses up to $10,000. As with all brokers, there are certain terms and conditions attached to the bonus money, and it is important for a new investor to really understand the rules.
There are many complaints in the binary options forum from traders who accepted a bonus without fully comprehending how it works.
Scam Broker Investigator has reviewed over 200 binary option brokers since our founding in 2012. One of the ways you can determine if a broker is legitimate or a is to check if they have a license from your local governments financial regulator. To find a licensed broker you can look here for the full list.
When reviewing BinaryMate, we did not see a license.
FINRA published an investor alert regarding offshore binary options brokers, read more on FINRA’s website.
Please tell us about your experience trading at BinaryMate, in the comments below.