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Binarymate

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Operating status: SCAM

Website: http://binarymate.com

Broker violations and abnormal records
  • 2019-07-07 The Spanish regulator CNMV added Binarymate into the unregistered firm alert
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=Binarymate
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=Binarymate
  • 2021-08-25 BrokersView has reviewed that Binarymate is an unregulated forex broker
    Binarymate claims to be regulated by the Marshall Islands Registry (IRI), but IRI does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So Binarymate is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    Binarymate claims to be regulated by the Marshall Islands Registry (IRI), but IRI does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So Binarymate is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2024-01-22 Binarymate's claimed IRI registration has been canceled

    Binarymate, a trading platform, purports to have global phone lines, implying the potential existence of offices in various countries. However, the only information available on its website pertains to its registration with the International Registry (IRI), a privately held maritime and corporate registry service provider. This could be an attempt to project an image of legitimacy.

    Notably, Binarymate's sole registration with the IRI has been revoked. This is a substantial red flag, indicative of potential fraudulent activity. It is strongly advised to steer clear of this entity, as it operates outside of any regulatory oversight.

    Binarymate, a trading platform, purports to have global phone lines, implying the potential existence of offices in various countries. However, the only information available on its website pertains to its registration with the International Registry (IRI), a privately held maritime and corporate registry service provider. This could be an attempt to project an image of legitimacy.Notably, Binarymate's sole registration with the IRI has been revoked. This is a substantial red flag, indicative of potential fraudulent activity. It is strongly advised to steer clear of this entity, as it operates outside of any regulatory oversight.

Related Complaints

Q&A Complaints

Is http://binarymate.com legit？

Taishier
Malaysia
2022-02-10
ANSWER Binarymate is unregulated and should be avoided at all events. Binarymate claims to be regulated by the Marshall Islands Registry (IRI), but IRI is a provider of shipping, ship and company registration services, providing technical and management support to the Maritime and Companies Registry of the Republic of Marshall. Marshall IRI is not a government agency, nor is it a regulatory agency. So Binarymate is currently not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam. We would recommend traders to stay away from unregulated brokers like Binarymate and trade with licensed brokers.
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