As you can tell from the table above, there’s not much we know about BinaryMate broker. The website promises a return of up to 95% within 60 seconds, a typical binary option bait.
Read our detailed BinaryMate review for more information. We’ve covered everything there is to find out about this financial swindler.
Simply put, yes. BinaryMate is an unlicensed offshore brokerage offering binary options trading. It should be noted that this type of investment was banned in the EU and the UK in 2018 due to its high risks and gambling-like nature.
BinaryMate regulation should be with the FSAS, as the company claims it’s registered in Seychelles. The owner of this fraud is Algobit Ltd, the same firm standing behind another notorious scheme, AstroFX.
As an offshore trading intermediary, this broker is not under any kind of financial supervision. There are no leverage limits, border restrictions, or stringent rules the firm must comply with. While boldly claiming to be a regulated broker, Algobit Ltd doesn’t present us with any license number of a regulator in charge. As a matter of fact, their web page is relatively obscure, hiding the majority of information. Hence, this is nothing but a lure.
If you have any information about BinaryMate and its operations, feel free to notify our dedicated staff.
BinaryMate is a binary options trading firm based in Seychelles. The brokerage was banned in the US, France, and Spain and marked a fraud.
BinaryMate trading scam found its place on many warning lists. In September 2017, the French authorities added binarymate.com to their illicit binary options brokers list.
It’s important to remember that this is another financial fraud lurking victims through fake ads and social media posts. Don’t fall for it.
When it comes to the BinaryMate trading platform, we know virtually nothing. The company has never mentioned the software, and the section dedicated to it doesn’t work.
A link for Google Play Store allegedly leads to an Android app. However, the link is broken and leads nowhere. A YouTube video allegedly shows the software, but we cannot trust this simulation.
All in all, we can only advise you to find a regulated brokerage with third-party software such as MT4, MT5, or cTrader. With any of these, you won’t have to worry about money, while you will also get advanced features such as EAs and social trading.
As’s the case with the software, we know nothing about tradable assets. All we know is that the firm offers binary options trading, meaning your investment is time-limited. Instead of purchasing an underlying asset and waiting for an opportune moment to sell it or the opposite, your trade is automatically closing when the time expires.
Binary options trades typically apply on the Forex and stock markets, while you can also trade commodities and indices. Yet, without a list of specifications or platform access, we cannot say anything more.
Let’s finally talk about something we know. You can get access to three different BinaryMate account types, those being:
Besides the minimum deposit, accounts differ in bonuses, ranging from 20%, 50%, to 100%, respectively. The Silver account also brings access to risk-free trades, while the Gold one brings in a personal success manager.
While all account types list BinaryMate Demo as a viable option, the truth is a bit different. You cannot access the risk-free account.
As explained, we’re unsure if this scammer even has a trading platform, let alone a trial account. Usually, fraudsters advertise it, so you’d agree to speak with their representatives and be persuaded to invest on the spot. While they may tell you they’ll approve your access to a Demo account later, you might never get one.
Here are the payment options listed on the website:
As you can tell, the primary method for BinaryMate withdrawal is crypto. It shouldn’t surprise you. It’s well-known that crypto transactions are not subject to chargebacks, and getting your money back is more challenging than depositing via credit card. This is precisely why scammers go for digital coins over fiat currency.
First of all, don’t get desperate. Don’t lose hope because there are steps to take to recover.
Global Fraud Protection has been in the business of assisting victims of financial scams for years. We know all their tricks and gimmicks and have proven practices for helping those in need. Book a free consultation with our chargeback experts or CipherTrace crypto analysts, and let us evaluate your case in detail.
BinaryMate is not a legit trading broker. If you have already invested with this scheme firm, we might be able to assist with recovery.
BinaryMate added a link for the Android app, but it’s broken and leads nowhere.
We don’t know anything about the BinaryMate trading platform, as the broker doesn’t mention it.
BinaryMate is not a legit trading broker. If you have already invested with this scheme firm, we might be able to assist with recovery.
BinaryMate added a link for the Android app, but it’s broken and leads nowhere.
We don’t know anything about the BinaryMate trading platform, as the broker doesn’t mention it.
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