BinaryMate Review – Why Is Binarymate.com Broker A 100% Scam?

Is BinaryMate a Scam Broker?

Simply put, the answer is yes. BinaryMate, an offshore brokerage that offers binary options trading, is not licensed. This type of investment is illegal in the UK and EU in 2018. It has high gambling-like risks and is not recommended for anyone.

BinaryMate regulation should be with FSAS as the company claims that it is registered in Seychelles. Algobit Ltd is the fraudster behind this scheme.

This broker acts as an intermediary for offshore trading and is not subject to any financial supervision. The firm does not have to adhere to any restrictions or leverage limits. Algobit Ltd claims to be a licensed broker but doesn’t provide us with any license number. Their web page hides the majority of the information. This is a ploy.

BinaryMate, a Binary Options Trading Company, is based in Seychelles. This brokerage was declared a fraud in the United States, France, Spain.

BinaryMate Warning

The Spanish CNMV finally banned the company in July 2019. Later, the warning was republished in all EEA zones, including Italy and Norway. The company’s domain was changed from binarymate.com and to stockbinarymate.co.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

BinaryMate Trading Assets

We don’t know anything about tradable asset trading, as is the case with software. We know that binary options trading is available at the firm, which means your investment is limited in time. 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 are typically on the Forex and stock market, but you can also trade commodities or indices. We cannot tell you more because we don’t have access to the platform or a list of specifications.

BinaryMate Trading Account Types

Let’s talk about something that we do know. Three types of BinaryMate accounts are available to you:

• Bronze: $250
• Silver: $1,000
• Gold: $3,000

Account bonuses vary by account, with the minimum deposit ranging from 20% to 50% and 100% to 100%. A Silver account gives you access to risk-free trading, while a Gold account allows you to have a personal success manager.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Solar Markets, CJC Markets, FutureProfit.

BinaryMate: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about BinaryMate. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about BinaryMate!