Binomo vs. eToro Comparison

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-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).

eToro logo

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.

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 ($50)
  • 0% commission stocks and ETF trading
  • Easy to use mobile trading app and platforms
  • Industry leading social/copy trading app
  • Responsive customer support

Cons

  • Algorithmic trading not available
  • Forex and CFD fees above industry average
  • Education and research tools missing

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

  • 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

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eToro logo

eToro

Open account Read review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

BROKER COMPARISON

Binomo-logo
eToro logo

Overall rating

2,2/5

4,9/5

Overall rating

2,2/5

4,9/5

Trading Platform & Tools

1.4

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 1:30
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

4.8

See details
Withdrawal Fee 0 $5
Deposit Fee 0 0
Inactivity Fee $30 if no trades after 3 months $10 a month after one year
Cost Per Trade 0 N/A
Cost Per Month 0 N/A
Forex (EUR/USD) 0 1.1 pip
Stocks & ETF 0 0
CFD (Gold) 0 5 pip
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

2.2

4.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.0

4.9

See details
Minimum deposit (in UAE) $10.00 $100
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.9

4.8

See details
Shares 0 2.800
ETF & Funds 0 0
Crypto 0 30
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 0 49
CFD Indices & Funds 0 250
CFD Stocks 0 2800
CFD Commodities 0 54
CFD Crypto 0 32
CFD Bonds 0 0
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

5.0

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

Customer Support

3.0

5.0

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

Winner

Binomo vs. eToro Comparison Conclusion

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

Broker:Best For:
BinomoBinary Options Trading
eToroStocks 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.

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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