Detailed review of Binarymate: terms of cooperation, reviews
Detailed review of Binarymate: terms of cooperation, reviews
The brokerage company BinaryMate has a bad reputation among traders due to involvement in fraudulent schemes. Reviews about the negligence and dishonesty of this company are quite common. Some users claim that BinaryMate and Videforex are essentially the same, just disguised under different names.
Brief overview of BinaryMate’s parent company
BinaryMate is owned by the offshore company Involva corp, registered in the Marshall Islands under certificate number 104693. Such a registration location attracts financial fraudsters, as there is weak legislation and opportunities for fraud. BinaryMate does not provide information about having a license, which raises serious doubts about their activities and reliability.
The BinaryMate website is a simple platform with limited functionality and imperfect design. This raises distrust among professional traders, who understand that this level of quality is not characteristic of reliable companies. Primarily, BinaryMate targets newcomers, offering them false statistical data and promises that often turn out to be empty words.
Review of available account types in BinaryMate
BinaryMate offers three types of trading accounts: Bronze, Silver, and Gold. Different deposit amounts are required to open an account, starting from $250. Each account type provides certain advantages, such as live chat support, webinars, and a personal account manager. However, information about leverage, spreads, and swaps is missing, leaving many questions about the company’s transparency.
Regarding payment methods, BinaryMate supports over a dozen different payment options. However, there are not many reviews about the reliability and timeliness of fund withdrawals, and complaints about refusal to withdraw funds are quite common.
Reviews from real BinaryMate clients
Reviews from BinaryMate users often contain complaints about deception and dishonest behavior by the company. Since BinaryMate does not have a license and operates from an offshore zone, scammers feel confident and do not hesitate to use disinformation.
Some clients claim that when attempting to withdraw funds from their account, their account was blocked, creating additional problems and questions about BinaryMate’s operations.
Review of BinaryMate’s scam scheme
BinaryMate is a typical example of a scam project that employs traditional fraudulent methods. Novices are attracted by false promises and manipulations with demo accounts to persuade them to invest more money. However, when trying to withdraw their funds, traders encounter obstacles and account blockages.
To avoid financial losses, it is recommended to stay away from such companies like BinaryMate and pay attention to the reputation and licenses of brokers.