Minimum deposit with this broker is $250, while minimum withdrawal is $50. Even though BinaryMate claims to have 1-day withdrawals, careful research of terms and conditions showed that this broker allows up to 10 working days in order to transfer the funds requested. This can be considered longer than the average, but it also makes users’ wonder does 1-day withdrawal really exists.
Traders can use Visa, PayPal, Qiwi, WebMoney, Okpay, PerfectMoney, bank transfer, Neteller, and bitcoin.
BinaryMate review showed that different fees apply when it comes to withdrawal. For every withdrawal, they charge 3.5% or $20 (whichever is higher) fee, except in the case of a wire transfer that carries $50 fee. These fees can be considered very high in the binary world, especially since e-wallet withdrawals usually carry no fees at all.
Before getting a withdrawal permission, traders have to verify the account by providing all necessary documents.
All traders who haven’t executed a trade within a month are charged a $5 fee.
On the homepage of the BinaryMate broker, it is stated that this broker is regulated. Unfortunately, it was impossible to find out in which country, and there is a reasonable doubt that this broker has any license at all.
BinaryMate claims to accept customers from all over the world, but this is not possible. For example, the EU regulated brokers aren’t allowed to operate with US clients, and US regulator CFTC only regulates few brokers. BinaryMate is not one of them. Such approach can be considered a fraud and we can only hope that this broker will remove this data from their website.