While some binary options brokers have taken years creating what would be considered a half-decent trading experience, Binary Mate only needed a few months to create a world-class binary options platform. That is remarkable, especially considering that the company has also managed to get licensing from the highly discriminating UK regulatory authority, a feat that has eluded many established binary options brokers.
The easy elegance of this broker’s site will leave no questions as to the quality of its services, and the multi-platform trading interface, more so. And that’s before you take into consideration the incredibly generous payout rates Binary Mate is offering. In this review, you will learn all you need to know about this new binary options star, and why this binary options company could be your best bet for a wholesome trading experience.
Platform and Software
In all honesty, few binary options companies can give you as good a trading platform as the one Binary Mate is offering. And it’s not just the effortlessly smooth appeal you will be getting. The functionality of this trading interface is utterly impressive, and that’s saying something considering how far binary options trading technology has come.
Oh, and the company offers the platform to both PC and mobile users; and the latter group of traders will be treated to the feature-rich platform that is also available to desktop users.
It is worth mentioning that the mobile trading platform and software can handle all the binary options; and that means it is possible to trade in 60-second options, One Touch options, and so forth. Furthermore, it is possible to handle any account operations as you use this platform. These include the ability to pull your entire trading history, view live charts, and even execute trades instantly.
In the course of this review, all these features worked flawlessly. A reliable mobile trading platform has always proven itself a good litmus test of the reliability of the platforms and software a company offers its customers.
Types of Options Available
There is no shortage of options you can trade in while using Binary Mate. Basically, you can find High/Low, One Touch, 60-Second, Ladder, Pair, Turbo, ProFollow, and even Long Term options when using this broker. With the ProFollow options, you can mimic the trading behavior of the most successful traders.
The assets offered by this broker come from various financial markets. You can trade in currencies, stocks, indices, and even commodities. There are over a hundred of them, but some of the major assets the company offers include the following.
Currencies: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/CNH, USD/JPY, USD/PLN, USD/RUB, USD/SEK
Commodities: GOLD, PLATINUM, SILVER
Stocks: BMW, BAYER AG, BRITISH AMERICAN, LLOYDS BANKING, BANCO SANTANDER, BARCLAYS, DAIMLER AG, DEUSTCHE BANK AG, GAZPROM, HSBC, LUKOIL, METRO AG, RIO TINTO, SAP, SBERBNK, SIEMENS, TELEFONICA, VODAFONE, VOLKSWAGEN
Indices: STOXX 50
Payouts and Commissions
The payouts offered by this company are pretty good. The maximum payouts you can hope for is about 95%, which brings the average payout to an enticing 90%. The payout rates will obviously also depend on the type of option you are using. Some options will even offer a payout rate of just 75%.
Bonuses and Promotions
BinaryMate has very good bonuses, and they are available even to traders making the smallest initial deposit. For a deposit of $250, the bonus amount offered is 20%. Past a deposit of $1000, you will qualify for a 50% bonus, while with a deposit of between $3000 and $5000, you will qualify for a bonus of 100%.
Furthermore, if you qualify for a bonus of at least 50%, you will also get a chance to make your first 3 trades without any risk on your part. That means a loss will result in the company compensating you through a trading bonus. As you can see, the broker is quite generous. In fact, it claims that you can get up to $100,000 in bonuses, and at its discretion, you can get offers beyond this mark as well.
Deposits and Withdrawals
At the moment, BinaryMate offers its customers the option to fund their accounts, and withdraw money from them, using 11 different methods. They are incredibly detailed on how the different payment methods work, including the regional implications behind their use. For instance, it has been explained which methods will not work in North America, and the methods that are appropriate for Eastern Europe.
But beyond that, this broker is offering a rare feature – free processing of deposits and withdrawals. However, third party charges might apply; but that’s obviously beyond the broker’s control. As for the payment processing times, this is where the broker truly shines.
In most cases, deposits will be processed in an instant. In the rest of the cases, deposits will be processed within an hour of making a deposit. When it comes to withdrawals, you can expect a similar experience; and I think most traders would agree that is where the impact of the speedy payment processing methods can be truly appreciated.
In general, payments are processed within an hour. Only two payment processing methods will have you wait for up to 6 hours before your withdrawal is processed. Otherwise, the payment processing methods are Visa and Mastercard, JCB, UnionPay, NETELLER, Perfect Money, WebMoney, Qiwi Wallet, Yandex Money, OK PAY, Alipay, and the popular cryptocurrency, Bitcoin.
Customer Support and Contact
In its customer support services lies one of the company’s greatest features. Besides the fact that support is provided 24 hours a day for 7 days a week, this support is of the highest possible quality. The support is multilingual, and video chat is available whenever you need it. The video chat feature is one of a kind, and it’s brilliant. You can also see what’s going on in group chat, and take part. But you can also engage in private chat with the company’s support staff.
In general, BinaryMate is a great binary options broker; and literally every aspect of its trading platform alludes to this fact. Some broker stand out for one incredible feature or another, but this broker has a whole list of them – withdrawals are processed instantly, payout rates are incredibly high, the bonuses are some of the best you can hope for, and the customer support is both effective and revolutionary.
You can also trade in all kinds of binary options, and using a larger selection of assets than you could ever need. So, if you have been waiting for a broker that has it all before you can give binary options trading a try, BinaryMate might be what you need. If you want to get started, then head over to BinaryMate’s website here.