Binomo vs. Forex.com Comparison

This comparison guide aids users that struggle to pick in between Binomo and Forex.com to locate the best online broker for their trading and financial investment requirements. It assesses the main features of both brokers side by side to assist individuals compare their solution and make an educated choice.

To aid customers select the ideal broker in between Binomo and Forex.com to find the best-suited system, below is a list of broker’s advantages and disadvantages, complied with by a contrast of their major trading functions, including trading systems & tools, charges, mobile trading, deposit & withdrawal, possessions, guideline, and consumer support.

Binomo vs. Forex.com: 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).

Forex.com logo

Forex.com a reputable forex and CFD broker regulated by 7 tier–one regulators. They offer access to 5500+ tradable symbols across various markets including forex, stocks, cryptos and CFDs. Forex.com also offers a wide range of proprietary platforms with access to advanced charting features through TradingView, social trading tools and MT4 integration.

Forex.com trading fees are with an average spread of 1.1 pips (EUR/USD) above industry average.

Forex.com customer support is available 24/7 via email, phone and live chat. Their exceptional educational resources, great market research and ease of use make this broker a good choice for beginners and intermediate traders.

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 ($100)
  • Low average spread from 0.74 pips EUR/USD
  • Advanced charting features and performance analytics
  • Award Winning Mobile trading app
  • Professional customer support

Cons

  • Educational videos are missing
  • MT5 available outside of US only
  • Limited assets available on MT5

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 trading fees
  • Compatibility with MT4 and MT5
  • 5500 tradable symbols and 4550 CFDs overall
  • Award winning mobile trading app
  • Advanced charting and performance analytics available
  • Great combination of ease of use and personal customisation

Binomo vs. Forex.com Comparison

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Forex.com logo

Forex.com

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BROKER COMPARISON

Binomo-logo
Forex.com logo

Overall rating

2,2/5

4,4/5

Overall rating

2,2/5

4,4/5

Trading Platform & Tools

1.4

4.6

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 1:50
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 $15 per month (after 12 months)
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 0.8 pips
Stocks & ETF 0 0 + spread
CFD (Gold) 0 0.8
Crypto 0 0
Options 0 0
Conversion Fees 0 0.50%
Misc. Fees 0 0
Overnight Fees 2.50%

Mobile Trading

2.2

5.0

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

4.1

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 91
CFD Indices & Funds 0 17
CFD Stocks 0 9500
CFD Commodities 0 22
CFD Crypto 0 8
CFD Bonds 0 0
Binary Options 200 0
SWAPS 0 0
Saving Plans 0 0

Regulation

1.0

4.0

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. Forex.com Comparison Conclusion

The outcomes of our comparison of Binomo vs. Forex.com are wrapped up in the table below.

Broker:Best For:
BinomoBinary Options Trading
Forex.comForex and CFD trading and MT4

Selecting the appropriate choice in between Binomo and Forex.com can be challenging. Both online brokers have similarities yet vary pertaining to trading tools, systems & apps, policy, down payment & withdrawals, and research and education and learning. Choosing the very best broker depends on users’ trading & investment objectives, specific preferences, 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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