This comparison guide helps users who struggle to pick between Alvexo and Binomo to locate the most effective online broker for their trading and financial investment requirements. It assesses the highlights of the two brokers alongside to help customers compare their solution and make a notified choice.
To aid individuals pick the right broker between Alvexo and Binomo to locate the best-suited platform, listed below is a checklist of broker’s benefits and drawbacks, followed by a contrast of their primary trading features, including trading systems & tools, fees, mobile trading, deposit & withdrawal, properties, guideline, and client assistance.
Alvexo vs. Binomo: Summary
Alvexo is a forex and CFD broker based in the Seychelles. It is licensed by the CySEC and is considered safe. Alvexo offers users access to 58 forex pairs and over 450 CFDs on shares, commodities, indices, and cryptocurrencies. Users can choose between three different platforms: a web based proprietary platforms and app and MT4 integration.
Alvexo trading fees are industry average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 0,14 pips on EUR/USD and no commission on CFD trades. The broker charges an inactivity fees of $10 per month after 3 months of inactivity.
Alvexo’s customer support is available through email (support@alvexo.com), phone (+24825030482), and live chat in Arabic and English.
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 58 forex pairs and 450 CFDs
- Competitive spreads from 0.1 pips EUR/USD (Elite account)
- Intuitively designed mobile trading app and desktop trading platforms
- MetaTrader 4 integration
Cons
- High minimum deposit ($500)
- Trading signals aren’t as accurate as other signal providers
- MetaTrader 5 and Expert Advisors not supported
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
- Access to 450 tradable symbols
- MT4 Compatibility
- Access to trading signals, trading strategies, and daily market analysis
- Cryptocurrency trading
- CySEC and FSA-regulated
- Competitive spreads from 0.1 pips EUR/USD (Elite account)
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
Alvexo vs. Binomo Comparison
Select up to 3 Brokers
Alvexo
Binomo
BROKER COMPARISON
Trading Platform & Tools
Automated Trading | ||
Charting Tools | ||
Conditional Orders | ||
cTrader | ||
Demo Account | ||
Desktop Platform | ||
Max Leverage | 400:1 | 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
Withdrawal Fee | 0 | 0 |
Deposit Fee | 0 | 0 |
Inactivity Fee | 10 EUR after 3 months | $30 if no trades after 3 months |
Cost Per Trade | 0 | 0 |
Cost Per Month | 0 | 0 |
Forex (EUR/USD) | 1.8 | 0 |
Stocks & ETF | 0 | 0 |
CFD (Gold) | 5.5 | 0 |
Crypto | 0 | 0 |
Options | 0 | 0 |
Conversion Fees | 0 | 0 |
Misc. Fees | 0 | 0 |
Overnight Fees |
Deposit & Withdrawal
Minimum deposit (in UAE) | $500.00 | $10.00 |
Bank Wire | ||
Credit/Debit Card | ||
Cash | ||
Check | ||
Islamic Account Transfer | ||
E-payments | ||
Paypal | ||
Skrill | ||
Neteller |
Assets
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 | 58 | 0 |
CFD Indices & Funds | 15 | 0 |
CFD Stocks | 350 | 0 |
CFD Commodities | 12 | 0 |
CFD Crypto | 24 | 0 |
CFD Bonds | 2 | 0 |
Binary Options | 0 | 200 |
SWAPS | 0 | 0 |
Saving Plans | 0 | 0 |
Research & Education
Webinars | ||
Educational Resources | ||
Daily News Updates | ||
Market Indepth Analysis | ||
Pers. Training & Room | ||
Market Research |
Customer Support
Phone | ||
Live Chat | ||
24/7 support | ||
Multilingual | ||
Personal Account Manager |
Winner
Alvexo vs. Binomo Comparison Conclusion
The outcomes of our contrast of Alvexo vs. Binomo are involved the table below.
Broker: | Best For: |
Alvexo | Forex and CFD trading |
Binomo | Binary Options Trading |
Selecting the ideal choice in between Alvexo and Binomo can be tough. Both online brokers have resemblances yet vary regarding trading tools, platforms & apps, policy, deposit & withdrawals, and study and education. Choosing the best broker depends upon customers’ trading & investment objectives, private choices, and experience degree.
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.