Alpari vs. Binomo Comparison

This comparison overview helps users who battle to select between Alpari and Binomo to discover the best online broker for their trading and financial investment requirements. It examines the main features of the two brokers side by side to help customers compare their service and make a notified choice.

To aid users pick the best broker between Alpari and Binomo to locate the best-suited platform, below is a checklist of broker’s pros and cons, adhered to by a comparison of their major trading features, consisting of trading platforms & devices, costs, mobile trading, deposit & withdrawal, assets, law, and consumer assistance.

Alpari vs. Binomo: Summary

Alpari-logo

Alpari is a financial brokerage company founded in 1998. The broker is not regulated, and is therefore not considered safe. Users have access to multiple assets including stocks (600 US stock CFDs), forex (46 + forex pairs), commodities and indices.

Alpari’s trading platform has over 60,000 users and is compatible with MetaTrader 4 and 5.

Alpari offers commission-free CFD trading and charges forex spreads from 1,2 pips EUR/USD. Traders can receive up to 20% cashback on paid spreads and commissions through Alpari’s loyalty program.

Alpari’s customer support is available by email (support@alpari.com), phone (+442 080 896 850), and via live chat in Arabic and English.

Binomo-logo

Binomo is a binary options broker founded in 2014. It is not regulated and, therefore, not considered a safe broker. Their platform allows users to trade binary options on 60+ assets, including stocks, indices, commodities, and cryptocurrencies.

Binomo pays out up to 90% profit margin on correct predictions. The broker charges an inactivity fee of $10 after 30 days of inactivity.

Binomo’s customer support is available in Arabic and English via email (support@binomo.com).

Pros

  • Access to over 600 US stock CFDs and 46 forex pairs
  • Commission-free CFD trading
  • MetaTrader 4 and 5 compatibility
  • Low (floating) spreads from 1,2 pips (EUR/USD)
  • PAMM account availability

Cons

  • Has a history of insolvency
  • No valid trading licence

Pros

  • Low minimum deposit ($10)
  • No hidden commissions or fees
  • High payouts of up to 90%
  • Multiple account types and bonuses
  • Cashback bonus for VIP members
  • Customer support in Arabic

Cons

  • Minimal trading platform compared to other brokers
  • Lengthy account verification procedure
  • Lacks education and research tools

Key features

  • Zero commission CFD trading
  • Low minimum deposit ($100)
  • Access to PAMM services
  • Support for MetaTrader 4 & 5
  • High-quality market analysis and research
  • Over 600 CFDs and 46 forex pairs

Key features

  • Access to over 60+ binary options
  • Beginner-friendly user interface
  • Cryptocurrency trading options
  • Low minimum deposit of $10
  • $1 min. trade size
  • Multiple payment options

Alpari vs. Binomo Comparison

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BROKER COMPARISON

Alpari-logo
Binomo-logo

Overall rating

3,2/5

2,2/5

Overall rating

3,2/5

2,2/5

Trading Platform & Tools

3.8

1.4

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1000:1 100:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

2.9

4.0

See details
Withdrawal Fee 0-2% 0
Deposit Fee 0 0
Inactivity Fee $5 after 6 months $30 if no trades after 3 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.4 0
Stocks & ETF 0 0
CFD (Gold) 3.3 0
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

4.0

2.2

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.7

3.0

See details
Minimum deposit (in UAE) $5.00 $10.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.5

1.9

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 61 0
CFD Indices & Funds 20 0
CFD Stocks 600 0
CFD Commodities 8 0
CFD Crypto 0 0
CFD Bonds 0 0
Binary Options 0 200
SWAPS 0 0
Saving Plans 0 0

Regulation

3.0

1.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

2.5

1.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.2

3.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Alpari vs. Binomo Comparison Conclusion

The outcomes of our comparison of Alpari vs. Binomo are wrapped up in the table listed below.

Broker:Best For:
AlpariTrading with multiple assets and PAMM investment services
BinomoBinary Options Trading

Choosing the right option between Alpari and Binomo can be hard. Both on-line brokers have resemblances but differ concerning trading instruments, platforms & applications, law, down payment & withdrawals, and research and education and learning. Picking the very best broker relies on customers’ trading & financial investment objectives, specific choices, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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