BinaryMate, a well-known trading platform, has recently undergone a rebranding and is now known as RaceOption. This change reflects the company’s commitment to providing an improved and enhanced trading experience for its users. By rebranding as RaceOption, the platform aims to position itself as a leading choice in the industry, offering competitive features and innovative solutions for traders.
BinaryMate provides a range of distinctive advantages that set them apart from other platforms. One notable benefit is their commitment to ensuring quick withdrawal processing, guaranteeing that your funds will be processed within just one hour. Additionally, they offer round-the-clock live video support, allowing you to connect with a representative at any time of the day for assistance or guidance. These unique features make BinaryMate a convenient and reliable option for traders seeking efficient service and immediate support. The company provides various account levels based on the amount of deposits made by customers. These accounts come with additional benefits such as bonus funds and risk-free trades, but it’s important to note that specific terms and conditions will apply.
- $1 Minimum Trade
- $250 Minimum Deposit
- 1 Hour withdrawal processing
- $20,000 Prize pool contests
Residents of the United States have the opportunity to easily open an account with the firm. Additionally, they also provide a demo account for individuals who are interested in exploring the platform before committing to it as new traders. BinaryMate is known for offering a diverse selection of deposit and withdrawal methods, giving customers plenty of options to choose from. One particularly noteworthy feature is their 1-hour processing time, which stands out as a unique and attractive offer. This quick turnaround suggests that BinaryMate understands the potential frustrations that customers may face when dealing with delays at other platforms.
The platform and trading area have been designed with a sleek and uncomplicated interface. Traders will find it easy to navigate and all the necessary choices are readily accessible, ensuring a user-friendly experience. Binary options are appealing to many traders due to their simplicity compared to other trading methods. The trading platform for binary options is designed in a way that upholds this simplicity, making it easier for users to navigate and execute trades.
The price chart conveniently displays the expiry time through a visual line, allowing traders to quickly and easily identify when an option or trade expires. Additionally, a dashed line is included on the chart to clearly indicate the deadline for placing a trade. This ensures that traders can make well-informed decisions within the allotted timeframe. When a trade is executed, it will be shown on the chart for easy visualization. As the price fluctuates, the position on the graph will automatically update to reflect these changes. It’s important to note that you can open multiple trades on the same chart, allowing for greater flexibility in your trading strategy.
To facilitate trading, the navigation menu for selecting different options is located at the top and right-hand side of the screen. You can easily choose your desired underlying asset and set the expiry time by using intuitive drop-down menus located at the top of the screen. In the trading area, you will find the trade size displayed in the top right corner. The trading buttons are positioned below, and they are designed to be easily understood. Additionally, between these buttons, the current strike price is clearly shown. This allows traders to quickly determine the exact price at which they are placing their trades.
The right side of the screen displays the payout for the specific asset. This includes both the percentage and the potential payout based on the selected trade size. This information helps users understand their potential earnings from a particular trade. In addition to the main features, the platform also offers some useful additional options. One example is charting capabilities that allow traders to visualize trends and patterns. Another interesting feature is the ‘sentiment’ bar, which indicates the current forecasts and predictions made by traders in terms of market direction. These additional features can provide valuable insights for making informed trading decisions.
The trading area is designed to be user-friendly and visually appealing. It conveniently integrates all the necessary tools and features that traders require, ensuring a neat and practical experience. The clarity of the user interface design carries over seamlessly to the mobile app, ensuring a consistent and user-friendly experience. The app’s appearance and performance are both excellent, providing a seamless transition from the desktop version.
Binary options order types
3 Types of digital trade are available:
- Standard High / Low
- 60 Second
- One Touch
When it comes to selecting assets for trading or investment purposes, you have a wide range of options. These options typically include currency pairs (also known as forex), stocks, indices, and commodities. You can choose from this usual assortment of assets based on your preferences and investment goals. At BinaryMate, you can expect a range of assets that is on par with other top brands in the industry. They offer all the popular assets that traders commonly look for, ensuring you have a wide selection to choose from.
BinaryMate offers competitive payouts, which can reach up to 90%. However, it’s important to note that these payouts are subject to change based on market conditions, expiry times, and the specific underlying assets being traded. When compared to other rival firms, BinaryMate generally provides favorable payout rates.
The mobile platform has been carefully designed to cater to both Android and iOS (iPhone and iPad) users. It takes full advantage of the unique strengths and capabilities offered by each operating system. This ensures a seamless user experience on both platforms, enhancing the overall usability and performance of the application. The trading platform has been carefully designed to offer a consistent user experience across both web and mobile devices. This means that regardless of the device you are using, you can expect the platform to function in a similar way, enabling seamless trading accessibility whether you are at your desk or on the go.
The mobile app offers quick trade execution, as well as a range of features for managing your account and comprehensive charting tools. This allows you to conveniently engage in trades on the go while also providing you with important options for monitoring and analyzing your trading activities. A notable feature available on the mobile trading platform is the ability for traders to display their complete trade history. This feature has been carefully designed and developed, making it a robust offering for users.
Deposit and Withdrawals
The company takes pride in its industry-leading promise of processing within just one hour. This sets them apart from other firms and is certainly a notable advantage. To ensure smooth and hassle-free withdrawals, users are required to go through the verification process. It is highly recommended to complete this process as soon as possible to prevent any potential delays or disputes related to payments. By doing so early on, users can enjoy a seamless and efficient withdrawal experience.
You have several options for withdrawing funds, including wire transfer, debit and credit cards, and a variety of e-wallet services such as PayPal, Neteller, and WebMoney. These methods offer flexibility and convenience for accessing your funds. BinaryMate stands out from other platforms by offering the convenience of accepting Bitcoin deposits. This feature is particularly appealing to users who prefer using cryptocurrency for their transactions. Additionally, it’s worth noting that the minimum withdrawal amount on BinaryMate is set at $50, allowing users to access their funds easily.
In addition to their existing services, the firm now offers a convenient way for customers to make deposits and withdrawals through a new e-wallet provider called Paxum. Similar to popular platforms like Paypal and Skrill, Paxum provides similar services for secure online transactions. Currently, BinaryMate is the sole company that accepts payments and withdrawals through the Paxum service.
Certain bonus offers may come with terms and conditions that require a specific turnover before you’re eligible to make a withdrawal. This means that you must meet the specified requirements before being able to take out any funds gained from the bonus. To ensure a smooth trading experience, it is crucial to carefully read and understand the terms and conditions of any bonus offered. If you anticipate not being able to meet the turnover requirements, it is advisable for traders to decline the bonus. This proactive approach helps avoid any potential complications or obligations that may arise from unmet requirements.
Traders have the opportunity to participate in regular contests that offer prize pools totaling $20,000. These competitions allow traders to compete against each other in a test of skill and strategy, with lucrative rewards up for grabs. The terms and conditions of contests can vary from one to another. However, they are open to both experienced traders and beginners, providing an equal opportunity for all. The criteria for determining the winners may differ as well, with some contests based on the number of trades made, while others focus on profit or specific assets used in trading. These features are quite fascinating and are highly favored by traders. It’s worth noting that at least 20 traders emerge as winners in the contests every single week.
BinaryMate provides traders with the opportunity to explore their trading platform through a demo account. However, in order to access this feature, traders are required to register and have a discussion about the demo account with an assigned account manager. In some cases, there may be limitations on the duration for which a demo account can be accessed. This means that users may have a limited amount of time to explore and test the features of the account before it expires. The brand could enhance its customer focus by offering an unlimited demo account, allowing a broader audience to experience and explore their platform. This would be a valuable addition alongside the existing option of providing a demo account.