Binarymate deposit and withdrawal limits
Current banking details mean details received within 24 twenty four hours prior to payment. When the trading account balance is funded using online payment systems, Client may order withdrawal only to the same payment system which he has used to fund his trading account in the corresponding currency or it's equivalent.
When the trading account balance is funded using direct bank transfer, funds will be credited within 1 working day after the transfer was actually credited to Company account. Clients who fund their account using direct bank transfer may order withdrawal only to the account from which the payment was done. An upfront bank transfer fee 50 USD will be applied for international bank transfer. Company reserves the right to reject a request for withdrawal in case of an explicit intention to exchange customer funds from one payment system to another.
Company reserves the right to amend this Agreement notifying the Client about it at least 2 business days prior to the effective date of these amendments. Posting the relevant information on the main page of the www. The Client undertakes to consult and review regularly the www. Company cannot be held responsible for non-fulfilment of any obligations involving quality of online communication of information to the Client terminal or use of information, software, and interfaces of websites which do not belong to the Company.
Company must notify the Client about the reasons for the above decision. Persons under 18 years or under the age of majority, which is legally allowed to participate in financial trading, can not use the services of the Website.
Any and all notices, requests, complaints, and information received from this address are considered as sent by the Client. Company may request from Client a confirmation of accuracy of the personal account data for a due diligence and in the event of a withdrawal request.
Client agrees to provide all documents and notices, notarize documents, and take all other actions which the Company may request in accordance with the Anti Money Laundering Policy.
In case of double registration of the same Client, the Company has the right to cancel duplicated registrations, cancel opened positions and withdrawal requests. All duplicated accounts will be frozen for investigation purposes. Client understands that the risk of suffering trading losses may be quite significant. Client should analyze his financial capabilities before engaging in trading operations.
Client realizes that he may completely lose his all initial funds and any additional funds used when trading on the market. Client was informed about additional risks associated with the specifics of functioning of e-trade systems and the problems of Internet communication nodes.
Client bears full responsibility for the risks associated with the storage of trading account access data, and must ensure that third parties cannot access the trade terminals. Company may revise change an executed trade upon discovery of software malfunction within 5 trading sessions after malfunction was discovered.
In this case, Client will be provided by a market prices history from at least 2 independent quotes sources. The parties will try to settle all disputes by negotiation. Inquiries placed using online communication programs, such as Skype or similar, cannot be considered as official. Termination of service and refund of the deposit will come into effect upon expiration of 5 banking days after the Client was sent a notice by e-mail provided at the time of registration of trading account.
In case of failure to reach an agreement through negotiations and correspondence within 3 three months from the date of the initiation of a dispute its further consideration will be directed towards the justifiability in accordance with the laws of the Republic of Seychelles.
The Company has the right to request the customer to confirm his identity and information provided upon registration. At any time Client can be asked to provide an electronic copy, certified copy or notarized copy of a passport at the discretion of the Company.
If the Client has not received a request to provide the documents, the procedure of enhanced verification is not mandatory, but the Client can voluntarily send a copy of the passport or other proof of identity. All withdrawal requests should be processed to the same account, from where trading deposit was initially transferred. Customer acknowledges that the registration data, referred to him for opening an account can be used by the Company in the fight against money laundering.
Customer is responsible for the authenticity of submitted documents copies and recognizes the right of the Company, in case of doubt about their authenticity, to contact authorities of the issuer of the document to verify its authenticity and if it detects a falsification of the document, Company has the right to place an account on hold and conduct an investigation. The Company will use the details specified by the customer provided upon registration.
Client must immediately notify the Company of any changes in contact information. Any correspondence documents, announcements, notifications, confirmations, reports, etc. Also, company reserves the rights to cancel all trading orders previously done by the client.
In this case, this Agreement shall be terminated and Company terminates providing services to the Client. No person shall abuse this site for the purpose of money laundering. Binarymate may employ best-practice anti-money laundering AML procedures. Binarymate reserves the right to refuse to do business with, to discontinue to do business with, and to reverse the transactions of, clients who do not accept or conform to the following AML requirements and policies:.
No funds may be collected on accounts opened in false names or on multiple accounts opened by the same person. Any suspicious or fraudulent transactions will be immediately reported to the relevant authorities. Binarymate offers a number of attractive reward features to its new and subsisting clients.
These bonuses are limited time offers and the terms and conditions associated with bonus rewards are subject to change. Binarymate reserves the right to refuse, cancel or change the bonus at any time without any prior notice. Any indication of fraud, manipulation, cash-back arbitrage or other forms of deceitful or fraudulent activity based on the provision of the bonus will render the account inactive along with any and all profits or losses garnered.
Bonuses are optional and client is not required to take a bonus. Should client mistakenly accept a bonus, client must notify customer support within 3 working days, and must place no trades.
In such an instance, Binarymate will remove bonus from client account and client shall not be held to the terms relating to bonuses, however all terms and conditions will still apply. Binarymate finance department handles all withdrawal requests submitted. From the time the request is made, Binarymate normally process each withdrawal request within 1 hour.
However, in case of shortage of data on the client side, or delays on third-party side, the processing time may be longer. The Binarymate finance team will determine the method of withdrawal.
Client cannot request to change a withdrawal method. All funds must be returned to the source of the original deposit. However, in some cases, this may not be possible such as in cases where the original deposit source was a MasterCard. Identification is required for all withdrawals, regardless of the withdrawal amount.
If the account is initially funded by credit or debit card, or is at any point funded using a credit or debit card, Binarymate will require a copy of the front and back of the credit card used, hiding sensitive authentication data, a government issued photo ID such as a driver's license or passport and a 3-months recent proof of address such a bank statement or utility bill , if needed. Mobile phone bills and other general mail will not satisfy this requirement.
If the Binarymate account has been funded using multiple credit or debit cards, the Binarymate finance department will require copies of all cards used before a withdrawal is approved. If the account is initially funded by wire transfer, or is at any point funded by wire transfer, a copy of the bank statement from the originating account showing the transfer will be required. Should the name on the bank statement differ from the person named on the Binarymate account, further documentation showing the connection between the user and the bank account will be required.
The services this broker offers are exceptionally well thought out and are probably the main reason why they have become so popular. As with any broker it is essential to read their terms and conditions before committing your funds to them; there are guidelines concerning Binarymate withdrawals and any bonuses you have accepted. This is normal for a binary broker as they must protect their own interests.
However, you will find it difficult to locate another broker which offers this level of service. Subscribe To Trading Secrets. Binary Mate Overview It is interesting and profitable to trade binary options. BinaryMate This broker is regarded as one out of few legitimate brokers in the field of binary options operating. The Company additionally ensures to monitor its Execution Venue s on an ongoing basis and review their performance at least annually to confirm that relevant and competitive pricing is offered.
Please note that despite taking reasonable steps to obtaining best possible results for Clients, the Company is unable to guarantee, when executing orders, that the prices offered will be more favourable that prices that might be available elsewhere. Under certain trading conditions, the Client should note that it may be impossible to execute an Order at their requested price. In such cases the Company reserves the right to execute the Order at the first available price.
Such instances may occur during times of high market volatility and price fluctuations e. In most circumstances, a spread is applied. The spread is dynamic for certain Financial Instruments, and may take into account such factors as liquidity in external markets for the underlying financial instrument and competitive pricing.
The Company reserves the right to charge the Client a swap fee of 0. This swap fee can be subject to changes in the future. The swap fee is calculated as the rounded result of the following formula: In certain circumstances such as increased volatility or illiquidity in relation to the underlying market concerned the Company reserves the right to alter the spreads offered. The Company reserves the right to, at any time, apply such charges in the future with prior notice to the Client.
Should the Company at any period of time decide not to charge any costs, it shall not be construed as a waiver of its rights to apply them in the future. The Company arranges for the execution of Client orders with the Execution Venue, as such, execution may at times be difficult. The likelihood of execution depends on the availability of the prices of the Execution Venue s. In some instances, it may not be possible to arrange an Order for execution during abnormal market conditions.
This can occur, but is not limited to, the following examples: In the event that the Company is unable to proceed with an Order in relation to price or size or any reason, the Order will be executed at the first available price or not executed at all.
The Company does not accept any orders outside of the market hours of the relevant underlying financial instrument. The Company shall proceed to the settlement of all transactions upon execution of such transactions. The CFDs offered by the Company do not involve the delivery of the underlying asset, so they are not settled physically as there would be for example if the Client had bought Shares. All CFDs are cash settled. All orders are placed in monetary values. The Client is able to place an order as long as they have enough balance in their trading account.
If the Client wishes to execute a large Order, in some cases the price may become less favourable. The Company reserves the right to decline an Order in case the size of the Order is large and cannot be filled by the Company. The Company will take all reasonable steps to obtain the best possible result for its Clients. The Company does not consider the above list exhaustive and the order in which the above factors are presented shall not be taken as priority factor.
Different Types of CFDs: The Company offers the following types of CFDs on its platform:. The Client may give instruction to execute or initiate a trade with the Company by way of:.
You are warned that Slippage may occur when trading in CFDs. Slippage is the difference between the expected price of an Order, and the price the Order is actually executed at. Slippage can occur at times of low liquidity or high volatility e. The Company applies a maximum multiplier of 1: After one day, the trader decides to close the position.
To better understand the calculations, the invested capital increased by the percentage move in the market multiplied by the multiplier 0. If the trader had used a lower multiplier both the profit and loss amount in the examples above, would have been smaller as well.
Using a multiplier of 20, the realised profit in the first example would be 1. As it will be explained more in Maintenance Margin section the trader will never lose more that the investment amount of a position.
It should be noted that the Company may offer higher multipliers to clients it considers to possess the necessary knowledge, experience and understanding of the high risks involved with trading with leverage. Trading CFDs carries a high level of risk since the multiplier tool leverage can work both in your advantage and disadvantage. As a result, it may not be suitable for all investors because you may lose all your invested capital.
The Maintenance Margin is the minimum amount of equity in a position required to maintain the open position.
At this price, the remaining amount of the investment will have reached the maintenance margin. Please input your phone number with country code and we will immediately contact you. Account balance funding using a third person credit card is prohibited. Customer and Company Responsibilities 2. The Client declares and guarantees that: Client agrees to provide all documents and notices, notarize documents, and take all other actions which the Company may request in accordance with the Anti Money Laundering Policy 2.
Customer risk notice 3. Terms of transactions 4. Disputes, complaints and inquiries 5. Know your customer 6. Communicating with Clients 7. The Company may communicate with the Client by using: Termination of the agreement 8. Following agreement becomes effective as of its acceptance by the Client. This agreement will be terminated if following occurs: If the Company terminates the activities under this Agreement: In case of death of the Client: Anti-Money Laundering Procedure No person shall abuse this site for the purpose of money laundering.
Binarymate reserves the right to refuse to do business with, to discontinue to do business with, and to reverse the transactions of, clients who do not accept or conform to the following AML requirements and policies: Bonus Policy Binarymate offers a number of attractive reward features to its new and subsisting clients.
Withdrawal Procedure and Fees Binarymate finance department handles all withdrawal requests submitted.