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binarymate

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ANSWER Dear Investor, Binarymate is highly suspected to be a fraudulent trading platform, and we do not recommend engaging in any transactions with them. The platform has not provided any regulatory information, merely claiming that its company, INVOLVA CORP, is registered in the Marshall Islands. However, our investigation revealed that the registration status of this company in the Marshall Islands Registry (IRI) has been annulled. This indicates that its registration is no longer valid and the company may already be experiencing operational issues. Furthermore, the Spanish National Securities Market Commission (CNMV) has issued a warning against this company, stating that it is providing investment services to the public without proper authorization. Therefore, we strongly advise you to avoid trading with this broker to protect your funds.

Is http://binarymate.com legit？

Taishier

Malaysia

Feb 10, 2022

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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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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