This contrast overview helps customers that battle to select in between Binomo and eToro to locate the best online broker for their trading and investment needs. It analyzes the main features of both brokers side by side to aid individuals contrast their solution and make an educated choice.
To assist users choose the right broker in between Binomo and eToro to find the best-suited system, below is a list of broker’s benefits and drawbacks, complied with by a contrast of their major trading attributes, consisting of trading platforms & devices, charges, mobile trading, down payment & withdrawal, possessions, policy, and consumer support.
Binomo vs. eToro: 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 (firstname.lastname@example.org).
eToro is a multi-asset brokerage company with the world’s biggest social trading community (over 30 million users). Their platform and mobile app features are easy to use for beginners and include an intuitive copy trading tool, simple buy & sell orders and free demo account. Users can trade with CFDs on major stocks, ETFs, forex, and cryptocurrencies.
eToro charges 0% commission on stocks, ETFs and cryptocurrencies. They charge an average spread of 0.9 pips on most forex pairs. eToro’s non trading fees are above average and include overnight, inactivity ($10/month) and currency conversion fees ($5/conversion).
Their customer support is available through email and live chat in Arabic and English.
- 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 ($50)
- 0% commission stocks and ETF trading
- Easy to use mobile trading app and platforms
- Industry leading social/copy trading app
- Responsive customer support
- Algorithmic trading not available
- Forex and CFD fees above industry average
- Education and research tools missing
- 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
- Average trading fees
- Industry leading social/copy trading tool
- Easy buy/sell order types
- Crypto exchange & brokerage services
- Fast registration and KYC on-boarding process
- Multiple payment options
Binomo vs. eToro Comparison
Trading Platform & Tools
|MetaTrader 4 (MT4)|
|MetaTrader 5 (MT5)|
|Mutual Fund Management|
|Inactivity Fee||$10 a month after one year|
|Cost Per Trade||N/A|
|Cost Per Month||N/A|
|Forex (EUR/USD)||1.1 pip|
|Stocks & ETF||0|
|CFD (Gold)||5 pip|
Deposit & Withdrawal
|Minimum deposit (in UAE)||$50|
|Islamic Account Transfer|
|ETF & Funds||0|
|CFD Indices & Funds||250|
|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. eToro Comparison Conclusion
The results of our comparison of Binomo vs. eToro are wrapped up in the table listed below.
|Binomo||Binary Options Trading|
|eToro||Stocks and ETFs & Social Copy Trading|
Selecting the right option between Binomo and eToro can be difficult. Both on the internet brokers have resemblances however differ concerning trading tools, platforms & applications, regulation, down payment & withdrawals, and research study and education and learning. Choosing the most effective broker relies on individuals’ trading & financial investment objectives, specific preferences, and experience level.