7 Relentless Alarms Exposing BinaryMate as a Crypto Scam Trap
1. Listed on the CFTC RED List — Operating Without U.S. Registration
BinaryMate is formally included on the U.S. Commodity Futures Trading Commission’s (CFTC) RED List, indicating that it solicits U.S. clients to trade in instruments requiring registration, yet has no CFTC registration. This is a strong regulatory red flag: U.S. investors have zero guarantee or protection when dealing with this platform
2. BrokerChooser Calls It “Not Trusted” — Lack of Credible Regulation
BrokerChooser’s safety analysis asserts that BinaryMate is not regulated by any genuine financial authority with strict oversight. They explicitly state they would not entrust their funds there. That means when things go wrong, there is no effective external recourse.
3. User Complaints of Withdrawal Denial & Trade Manipulation on FPA
On Forex Peace Army, numerous traders claim successful trades turned worthless when they tried to withdraw. One user describes converting $500 into $2,500, only to have withdrawal requests ignored. They allege trades that “should’ve won” were flipped to losses moments before expiration. “Never give these guys a dime,” a reviewer warns.
4. Trustpilot & Reviews.io Scores Reflect Widespread Discontent
BinaryMate’s Trustpilot presence is a single negative review accusing the site of deception, claiming larger withdrawals are blocked and customer service is useless.
Reviews.io shows 119 aggregated reviews with an average score of 2.43 / 5 — a clear sign of persistent user dissatisfaction and potential fraudulent operations.
5. BrokersView Labels It a Confirmed Scam
BrokersView’s analysis goes beyond suspicion: it outright labels BinaryMate as a scam broker. It points out that BinaryMate’s claimed regulation via the Marshall Islands Registry (IRI) is meaningless, because the IRI does not authorize financial brokerage. According to BrokersView, BinaryMate’s registration was even canceled at one point.
6. Site Claims of Bonuses & Fast Withdrawals vs. Real Conditions
BinaryMate claims bonuses up to 100%, and withdrawal processing in one hour.
However, user complaints and watchdogs consistently report that after profits mount, withdrawal requests are stalled, blocked, or rejected. Many allege that “phone verification” is demanded but never delivered, or additional “fees” are required to process withdrawal — classic scam tactics.
7. Platform Behavior Suggests Price Manipulation & Quote Discrepancies
Traders report that BinaryMate’s charts and quotes deviate wildly from real market movement. One user says they won a trade by 8 ticks per a published chart, yet were marked as a loss. Others claim trades acted oddly when nearing expiration: flatlines, sudden reversals, or cancellation. The platform’s proprietary engine (no MT4/MT5 access) means you trade purely under their internal conditions — which can be manipulated.
Conclusion — BinaryMate: A Broker You Must Assume Is a Scam & Reclaim from
BinaryMate ticks nearly every box of a scam operation. A regulator lists it as operating illegally in the U.S. (CFTC RED List). Independent analysts reject it for lack of regulation. Real users confirm the worst: withdrawals blocked, profits lost, opaque rules. BrokersView labels it outright a scam, and technical behavior suggests price manipulation. The polished website, the promotional bonuses, and the video chat trickery are all camouflage devices — not protections.
If you have funds with BinaryMate, treat your position as a crypto reclaim case immediately:
- Gather every piece of evidence: deposit records, withdrawal attempts, wallet addresses, screenshots
- Attempt a small withdrawal now to test the system
- File complaints with your national regulator, consumer protection, and U.S. agencies (if relevant)
- Expose your experience publicly — forums, complaint boards, watchdog sites
- Avoid sending more funds under guise of “verification,” “unlock,” or “bonus” fees
When dealing with brokers with opaque licensing, manipulated pricing, and withdrawal resistance, your best defense is assuming loss and working toward recovery. BinaryMate is not a bet — it is a trap. Assume you must fight to reclaim every cent.
