BinaryCent vs. Saxo Bank Comparison

This contrast overview aids users that struggle to pick in between BinaryCent and Saxo Bank to discover the best online broker for their trading and financial investment requirements. It assesses the main features of both brokers side by side to aid individuals contrast their solution and make a notified choice.

To help customers pick the best broker between BinaryCent and Saxo Bank to find the best-suited platform, listed below is a listing of broker’s advantages and disadvantages, followed by a contrast of their primary trading functions, including trading systems & devices, costs, mobile trading, down payment & withdrawal, possessions, guideline, and client assistance.

BinaryCent vs. Saxo Bank: Summary

Binary-cent-logo

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.

Saxo Bank logo

Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.

If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.

Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.

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

  • Industry leading market coverage
  • Excellent Trading Features with SaxoTraderGo
  • Advanced order type and account protection features
  • Intuitive and easy to use mobile trading app
  • Great education and research materials
  • Competitive fee structure for active traders

Cons

  • $10,000 minimum deposit for UAE users
  • High time investment to set up
  • Only for advanced traders

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

  • 40.000 tradable symbols available (crypto derivatives, forex options and futures)
  • Advanced account protection and order types
  • Fast execution of trades
  • $2.000 minimum deposit
  • “Best in class” educational resources
  • Great ease of use level combined with advanced features

BinaryCent vs. Saxo Bank Comparison

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Saxo

Saxo Bank

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69% of retail investor accounts lose money when trading CFDs with this provider.

BROKER COMPARISON

Binary-cent-logo
Saxo

Overall rating

2,4/5

4,9/5

Overall rating

2,4/5

4,9/5

Trading Platform & Tools

1.5

4.9

See details
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

4.5

4.7

See details
Withdrawal Fee 0
Deposit Fee 0
Inactivity Fee $100 / 6months
Cost Per Trade 0
Cost Per Month 0
Forex (EUR/USD) 1
Stocks & ETF $1
CFD (Gold) $0.60
Crypto 0
Options $1.25
Conversion Fees 0,75%
Misc. Fees 0
Overnight Fees

Mobile Trading

2.2

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.5

4.7

See details
Minimum deposit (in UAE) $2000
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.8

4.9

See details
Shares 30.000
ETF & Funds 5.800
Crypto 9
Commodities 0
Indices 0
Options 3.000
Futures 300
Bonds 4.200
Forex 200
CFD Indices & Funds 50
CFD Stocks 19.000
CFD Commodities 50
CFD Crypto 0
CFD Bonds 0
Binary Options 0
SWAPS 0
Saving Plans 0

Regulation

1.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.0

4.8

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

Customer Support

3.5

4.9

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

Winner

BinaryCent vs. Saxo Bank Comparison Conclusion

The outcomes of our comparison of BinaryCent vs. Saxo Bank are involved the table listed below.

Broker:Best For:
BinaryCentBinary Options Trading
Saxo BankPremium Trades and CFD Trading

Choosing the best selection between BinaryCent and Saxo Bank can be challenging. Both online brokers have resemblances but differ regarding trading tools, systems & apps, regulation, deposit & withdrawals, and research and education and learning. Selecting the most effective broker depends upon individuals’ trading & financial investment goals, private preferences, 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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