This contrast overview aids individuals that battle to choose in between BinaryCent and Interactive Brokers to discover the most effective online broker for their trading and financial investment requirements. It assesses the highlights of the two brokers side by side to help users contrast their solution and make a notified decision.
To aid users pick the ideal broker between BinaryCent and Interactive Brokers to locate the best-suited platform, below is a checklist of broker’s pros and cons, followed by a comparison of their primary trading attributes, consisting of trading systems & tools, fees, mobile trading, deposit & withdrawal, assets, guideline, and client support.
BinaryCent vs. Interactive Brokers: Summary
BinaryCent is a binary options broker based in Seychelles. It is not licensed by any financial authority and is not considered safe. It provides access to 26 forex pairs and binary options on stocks, indices, cryptocurrencies, and commodities. New traders can receive deposit bonuses from 20% to 100%, depending on the height of their initial deposit.
BinaryCent pays up to 98% profit margin on correct binary options predictions. The broker’s trading fees and commissions are already built into the spread. Non-trading fees include 5% Visa transaction fees and currency conversion fees. Users can deposit and withdraw cryptocurrencies.
BinaryCent’s customer support is available through email, phone (+18299476391), live chat, Instagram, and X in Arabic and English.
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
Pros
- Access to 26 forex pairs and over 100 binary options
- Orders from $0,01
- High payouts of up to 98%
- Cryptocurrency trading, deposit, and withdrawal options
- Responsive and multilingual customer support
Cons
- Algorithmic trading is not available
- No ladder, one-touch, or other advanced options
- Minimal educational material and research
Pros
- Low minimum deposit ($0)
- Industry lowest overall fees
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
Key features
- Wide range of binary options on stocks, indices and cryptos
- Up to 98% payouts
- 24/7 multilingual support in Arabic and English
- Guaranteed withdrawals processing within 1 hour
- Wide range of deposit and withdrawal options
- Broker-guided trading
Key features
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
BinaryCent vs. Interactive Brokers Comparison
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BinaryCent
Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | |
| 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 | |
| Deposit Fee | 1% | |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | |
| Cost Per Month | 0 | |
| Forex (EUR/USD) | 0.2 pips + 0.08 to 0.20 bps times trade size comission | |
| Stocks & ETF | $ 0.005 per share | |
| CFD (Gold) | 0.02% | |
| Crypto | 0.12% to 0.18% of trade value | |
| Options | ||
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 16.500 | |
| ETF & Funds | 35.000 | |
| Crypto | 4 | |
| Commodities | 1 | |
| Indices | 3052 | |
| Options | 50.000 | |
| Futures | 245 | |
| Bonds | 1.000.000 | |
| Forex | 115 | |
| CFD Indices & Funds | 13 | |
| CFD Stocks | 8.000 | |
| CFD Commodities | 2 | |
| CFD Crypto | 0 | |
| CFD Bonds | 0 | |
| Binary Options | 0 | |
| SWAPS | 0 | |
| Saving Plans | 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
BinaryCent vs. Interactive Brokers Comparison Conclusion
The results of our contrast of BinaryCent vs. Interactive Brokers are wrapped up in the table listed below.
| Broker: | Best For: |
| BinaryCent | Binary Options Trading |
| Interactive Brokers | Stocks and ETFs |
Choosing the right option in between BinaryCent and Interactive Brokers can be tough. Both on-line brokers have resemblances yet vary relating to trading instruments, systems & applications, guideline, down payment & withdrawals, and study and education. Choosing the best broker depends on customers’ trading & investment goals, private preferences, 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.