This contrast overview helps individuals who struggle to pick between Binomo and FxPro to discover the most effective online broker for their trading and investment needs. It evaluates the highlights of both brokers side by side to assist customers compare their solution and make a notified decision.
To aid individuals select the right broker in between Binomo and FxPro to find the best-suited platform, listed below is a list of broker’s advantages and disadvantages, followed by a comparison of their primary trading functions, including trading platforms & tools, charges, mobile trading, deposit & withdrawal, assets, guideline, and client support.
Binomo vs. FxPro: 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).
FxPro is a reputable forex and CFD broker regulated by two tier-one regulators including the FCA and MiFID. They allow users to trade on over 2,200 tradable symbols including 400 CFDs on forex,shares, cryptos, indices and metals. FXPro users can choose from a variety of trading platforms including a proprietary platform (FxPro Edge), MetaTrader 4, MetaTrader 5, and cTrader. They also have access to various trading tools like Trading Central trading signals, over 50 indicators and a handful of charting tools.
FxPro trading fees are above industry average when compared to industry leaders like Pepperstone or IG. The broker’s minimum deposit requirement is $0.
Their customer support is available 24/7 by email, live chat, and phone in English, Arabic, and over 20 other languages.
- 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
- Access to 2,200 tradable symbols
- MetaTrader 4, MetaTrader 5, and cTrader integration
- Fast order execution
- Excellent customer support
- Micro lot trading
- Fast order execution
- Only offers CFD and forex trading
- Slightly above average trading fees
- Inactivity fees
- 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
- Access to 2,200 + tradable instruments
- Wide range of mobile trading apps (FxPro edge, MT4, MT5 and cTrader)
- Competitive forex spreads from 1.2 pips EUR/USD
- MT4, MT5 and cTrader integration
- Trading signals by Trading Central
- Fast and reliable order execution below 14ms
Binomo vs. FxPro Comparison
Trading Platform & Tools
|MetaTrader 4 (MT4)|
|MetaTrader 5 (MT5)|
|Mutual Fund Management|
|Cost Per Trade||0|
|Cost Per Month||0|
|Forex (EUR/USD)||1.1 pips|
|Stocks & ETF||0|
|CFD (Gold)||3.5 pips|
Deposit & Withdrawal
|Minimum deposit (in UAE)||$100|
|Islamic Account Transfer|
|ETF & Funds||0|
|CFD Indices & Funds||42|
|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. FxPro Comparison Conclusion
The results of our contrast of Binomo vs. FxPro are wrapped up in the table below.
|Binomo||Binary Options Trading|
|FxPro||Forex and CFDs; MetaTrader Broker|
Selecting the appropriate selection in between Binomo and FxPro can be difficult. Both on-line brokers have similarities but differ pertaining to trading tools, systems & applications, law, down payment & withdrawals, and research study and education. Choosing the most effective broker depends upon users’ trading & financial investment goals, specific preferences, and experience level.