This contrast overview aids users who struggle to pick between Binomo and CMC Markets to locate the very best online broker for their trading and financial investment demands. It evaluates the main features of the two brokers side-by-side to help customers contrast their service and make a notified choice.
To aid individuals choose the best broker in between Binomo and CMC Markets to find the best-suited system, listed below is a listing of broker’s advantages and disadvantages, followed by a comparison of their main trading functions, consisting of trading systems & tools, costs, mobile trading, deposit & withdrawal, assets, law, and client support.
Binomo vs. CMC Markets: Summary
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 (email@example.com).
CMC Markets is a UK based online broker founded in 1989. It is regulated by three tier-one regulators including the FCA, ASIC and CIRO. Users can trade on over 12.500 tradable instruments including shares, forex and CFDs.
CMC Markets proprietary trading platform called Next Generation offers various advanced trading tools, an extensive education section and reliable trade execution.
CMC Markets charges low forex spreads from 0.7 pips (EUR/USD) and 0% commission. Additional bonuses and rebates for active traders makes CMC Markets a low cost broker.
CMC’s customer service is available by phone, email and live chat only 24/5 (from Sunday to Friday night).
- 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
- Minimal trading platform compared to other brokers
- Lengthy account verification procedure
- Lacks education and research tools
- Low minimum deposit ($0)
- Low average spreads from 0.73 pips EUR/USD
- Fast and reliable trade execution
- Great research tools and educational materials
- Bonus and rebate program
- High stock trading fees
- Customer service availability is limited (24/5)
- 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
- Competitive forex spreads
- MT4 Compatibility
- Access to 338 forex pairs and 9,000 shares
- Comprehensive market research tools
- Beginners and advanced trading features
- Competitive pricing
Binomo vs. CMC Markets Comparison
Trading Platform & Tools
|MetaTrader 4 (MT4)|
|MetaTrader 5 (MT5)|
|Mutual Fund Management|
|Cost Per Trade||0|
|Cost Per Month||£10|
|Forex (EUR/USD)||0.7 pips|
|Stocks & ETF||0|
|CFD (Gold)||3.4 pips|
Deposit & Withdrawal
|Minimum deposit (in UAE)||0|
|Islamic Account Transfer|
|ETF & Funds||0|
|CFD Indices & Funds||98|
|Tier 1 License|
|Tier 2 License|
|Tier 3 License|
Research & Education
|Daily News Updates|
|Market Indepth Analysis|
|Pers. Training & Room|
|Personal Account Manager|
Binomo vs. CMC Markets Comparison Conclusion
The results of our comparison of Binomo vs. CMC Markets are wrapped up in the table listed below.
|Binomo||Binary Options Trading|
|CMC Markets||Forex and CFDs|
Picking the ideal choice between Binomo and CMC Markets can be challenging. Both online brokers have similarities but vary concerning trading tools, platforms & apps, law, down payment & withdrawals, and study and education. Picking the most effective broker depends upon individuals’ trading & investment goals, individual choices, and experience degree.