Binomo vs. CMC Markets Comparison

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-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).

CMC Markets logo

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).

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

Pros

  • 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

Cons

  • High stock trading fees
  • Customer service availability is limited (24/5)

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

Key features

  • 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

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CMC Markets logo

CMC Markets

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65% of retail CFD accounts lose money

BROKER COMPARISON

Binomo-logo
CMC Markets logo

Overall rating

2,2/5

4,0/5

Overall rating

2,2/5

4,0/5

Trading Platform & Tools

1.4

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.0

3.7

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee $30 if no trades after 3 months
Cost Per Trade 0 0
Cost Per Month 0 £10
Forex (EUR/USD) 0 0.7 pips
Stocks & ETF 0 0
CFD (Gold) 0 3.4 pips
Crypto 0 0
Options 0 0
Conversion Fees 0
Misc. Fees 0
Overnight Fees

Mobile Trading

2.2

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.0

1.9

See details
Minimum deposit (in UAE) $10.00 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.9

3.2

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 0 330
CFD Indices & Funds 0 98
CFD Stocks 0 9500
CFD Commodities 0 100
CFD Crypto 0 0
CFD Bonds 0 50
Binary Options 200 0
SWAPS 0 0
Saving Plans 0 0

Regulation

1.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.0

4.3

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

Customer Support

3.0

4.5

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

Winner

Binomo vs. CMC Markets Comparison Conclusion

The results of our comparison of Binomo vs. CMC Markets are wrapped up in the table listed below.

Broker:Best For:
BinomoBinary Options Trading
CMC MarketsForex 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.

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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