BinaryMate is rebranded to RaceOption.

BinaryMate offers unique advantages such as guaranteed withdrawal processing within 1 hour and support for live video 24 hours a day. The company offers different levels of accounts depending on the deposit and rewards bonus funds and risk-free trading at certain account levels. Conditions apply.

Key points:

    • Minimum transaction $1
  • $250 minimum deposit
  • 1 hour withdrawal processing
  • $20,000 Prize Contest

US residents can open an account, and the company even offers a demo account for potential new traders to try out the platform. The brand offers a wide range of deposit and withdrawal options. A one-hour turnaround is an interesting proposition, and suggests that BinaryMate knows what makes its customers disappointed elsewhere.

Trading platform

The platform and trading area looks slick and complex. All the choices traders need are within reach and easy to use. One of the attractions of binary options is their simplicity compared to other trading instruments. – The trading platform is maintained here.

The price chart has a visual line on the chart with the expiry time and a dashed line to indicate when a trade is taking place. As trades are made, the chart will show them and the graph will update their positions as the price moves. You can open multiple trades on the same chart.

Trade selections are located at the top and right of the screen. The underlying assets and expiry are set at the top of the screen using simple drop-down menus. The trade size is set at the top right of the trade area and below the trade button. It is very clear with the current strike price so that traders can see the trade price accurately.

 

 

The payout for a specific asset is displayed on the right – percentage and potential payout based on the selected trade size. The platform has some additional features, such as chart options and a ‘sentiment’ bar, showing which direction the current trader is forecasting.

The trading area is very easy to use and looks good. – Integrates everything traders need in a tidy and usable way. That kind of clarity carries over very well to the mobile app.

Trader’s Choice

Three types of digital transactions are available:

  • Standard high/low
  • 60 seconds
  • One touch

The selection of underlying assets includes common currency (forex) pairs, stocks, indices and commodities. BinaryMate’s range is comparable to most major brands with all well-known assets listed.

The payout will reach 90%, but it will change depending on the market and the expiration time and the specific underlying asset. Generally, BinaryMate’s pay is good compared to its competitors.

Mobile app

The mobile platform is designed for Android and iOS (iPhone and iPad_) and leverages the strengths of each operating system. Our trading platform for web and mobile is designed to work equally well on any device. The web version looks and works the same as the mobile version, and this feature provides a seamless user experience for traders.

The mobile app not only performs instant trades, but also provides account management options and full charting tools. Traders can also display their entire trading history on their mobile. It is a very strong proposition and has been carefully developed and crafted.

Withdrawals

The company boasts an industry-leading one-hour turnaround promise. This is far superior to other companies and is a definite plus point. To request a withdrawal, users must complete a verification process. We recommend that you do this as soon as possible to avoid delays due to payments or disputes.

Withdrawal methods include wire transfer, debit and credit cards, all e-wallet services including Paypal, Neteller and Web Money. BinaryMate also accepts Bitcoin deposits, a unique selling point for cryptocurrency users. The minimum amount you can withdraw is $50.

Fax

The company also offers deposits and withdrawals through its new e-wallet provider, Paxum. A new company, Paxum, offers services similar to Paypal and Skrill. So far, BinaryMate is the only company that pays and withdraws through the Paxum service.

Some bonus terms and conditions mean turnover requirements are established before withdrawals can be made. For this reason, you should read the conditions for awarding bonuses. Traders may decline the bonus if turnover requirements are not met.

Contests

There are regular contests where traders can compete against each other for a total prize pool of $20,000. Terms and conditions for each contest may vary, but are open to experienced traders and beginners alike. Some are based on the number of trades, others are based on returns or specific assets. They are an interesting feature, but popular among merchants. At least 20 traders win the contest each week.

Demo account

BinaryMate offers a demo account, but traders must register and discuss the demo with their account manager. There may also be time limits on how long you can use your demo account. While offering a demo account is obviously a good thing, this is a brand that can focus on a larger audience and offers unlimited demos to show more customers the platform.