It’s actually a challenge these days to find a binary options broker that can offer something new, innovative or different especially if you’ve been in this field for years. Then I heard of this new broker called BinaryMate and got interested with some of the features that they advertised. Among the ones that really got me curious are the guaranteed withdrawals processing within 1 hour, weekend trading, wide choice of deposit methods including Bitcoin and the video live chat which is one of the highlights of this review. You may continue reading for my detailed assessment of this new broker.
Demo Account: Test your trading strategies
Using their free demo account you’ll have the opportunity to familiarize yourself with the platform and even test various trading techniques in a risk-free way.
Bonuses: Additional funds + more!
The welcome bonus may range from 20% to 100% depending on the amount you deposited but aside from this, you may also be able to enjoy several perks such as risk-free trades, trading protection, access to their master class and others.
Platform: Smooth and no lags
The trading platform runs perfectly, fast with no time lags and has all the essential features that you’ll need. They have even included the video chat section on the right side so you can instantly get in touch with your account manager in case you need assistance.
Mobile Trading: Major platforms supported
If you prefer trading on the go then this won’t be a problem because they offer mobile trading on devices that run under the Android and iOS platforms. It comes with all of the essential benefits that they offer like live charts, access to your trade history and the like.
Tradable Assets: The most popular choices
They currently have around 30 assets and it includes the most popular commodities and currencies. They even offer non-stop trading over weekends.
Minimum Trade: As low as $10 for an option
Placing a Call or Put can have a minimum investment size of $10. Such amount makes it easier to manage your account especially if you plan to trade on various assets.
Payout Rate: Bigger returns
As for the investment returns, their rates are quite attractive and this applies to most of their assets with a maximum possible payout of 95% for in-the-money trades.
If you want to trade Call/Put options with contracts ending within the day then this is the option type to choose.
This is actually the same as the Intraday but with much shorter expiry times.
You can also trade binary options with contracts expiring from 1 day to 1 month.
Deposit and Withdrawal
Minimum Deposit: $250 to get started
You can start trading with an initial minimum deposit of $250. This is the same amount that most brokers require nowadays but since you’ll enjoy other benefits, you’ll actually get more out of your account.
Deposit Methods: The most popular providers
You’ll have the choice of funding your account using different providers and this includes Visa, MasterCard, JCB, American Express, UnionPay, Neteller, Perfect Money, WebMoney, QIWI, Yandex Money, Bitcoin, OKPay and Alipay.
Withdrawal Processing Time: As fast as 1 hour
One of the strongest advantages of BinaryMate is that they are capable of processing withdrawal requests in as fast as 1 hour. That’s a lot faster if you compare them to most of the brokers today that are only capable of processing the same request with much longer waiting times.
Channels: Choose your preference
Their support is available via phone, email and live chat with video.
Availability: Never offline
You can get in touch with them anytime since they are available 24 hours a day, 7 days a week.
Supported Languages: English
Currently, their support is available for English-speaking clients.
What’s even more unique about this broker is that they feature a live video chat with attractive account managers that are dedicated to answer client questions. They are available for one-on-one training as well.
Average User Rating: 9.3
This score was provided by various users and its value is taken from the accumulated votes that were given by actual traders who have tested this broker.
Platform Design: Sleek and modern looking
Their platform interface has a more modern theme and design that makes it more engaging to use. They’ve done a good job in making their layout stand out from their competition.
Support: First to offer video live chat
They are the only broker today that offers a video live chat feature that makes the online trading experience more personalized. Their beautiful account managers are very professional and are able to answer any questions related to binary options trading.
Reputation: Capable of processing withdrawals in 1 hour and popular in the USA market
This broker has quickly earned a good reputation in the market due to their exemplary features such as the fast withdrawal processing time and their unique video live chat support. They are also one of the few brokers today that still accepts clients from the USA.
Editor’s Rating: 91
BinaryMate takes binary options trading experience to the next level with its enhanced features and new offerings. The video live chat offers the best online customer service and the guaranteed withdrawals processing within just one hour is just top notch. Their availability for international traders even in the USA makes them a good choice for anyone who is interested in trading binary options.