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Binarymate

Operating status: SCAM

Website: http://binarymate.com

Broker violations and abnormal records
  • Jul 07, 2019 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
  • Aug 25, 2021 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.
  • Jan 22, 2024 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    Notably, Binarymate's sole registration with the IRI has been revoked.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.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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