BrokAIr Reviews

Binarymate Review

"Binarymate has become one of the most popular online brokerages in the past year, but its success may be due to a combination of questionable tactics and aggressive marketing rather than providing a legitimate service." Is Binarymate too good to be true?

Did you like this broker?

Overview of Binarymate

Binarymate is an online brokerage offering a variety of trading options for users across the world. It is operated by a company called Depix Holdings Ltd and was founded in 2016. It is an offshore broker, operating from the Marshall Islands. The company offers over 150 different assets to trade from its platform, including stocks, commodities, indices, and cryptocurrencies.

Pros of Binarymate

Cons of Binarymate

Public Opinion about Binarymate

Overall, public opinion about Binarymate is mixed. Some people find it to be a reliable online brokerage for trading options, while others feel that the fees charged by the broker are too high. Additionally, some users report that customer service is slow and not always helpful. Also, there have been some reports of fraudulent activities by certain traders using the platform.

Newsworthy Events around Binarymate

In 2018, Binarymate was fined by the IFMRRC for violating anti-money laundering laws and regulations. The company was ordered to pay a fine of $50,000. In 2020, the company was also temporarily suspended from operating in Russia by the Central Bank of Russia. The suspension was lifted in July 2020 after the company provided evidence that it had fulfilled all regulatory requirements.