Binomo vs. IC Markets Comparison

This contrast guide helps users that battle to choose between Binomo and IC Markets to locate the very best online broker for their trading and financial investment requirements. It assesses the highlights of both brokers alongside to help users compare their solution and make an educated choice.

To assist customers pick the appropriate broker between Binomo and IC Markets to find the best-suited system, listed below is a list of broker’s pros and cons, complied with by a contrast of their primary trading functions, including trading systems & devices, fees, mobile trading, down payment & withdrawal, properties, policy, and customer support.

Binomo vs. IC 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).

IC Markets logo

IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.

IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.

IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.

IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.

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

  • MT4, MT5 and cTrader integration
  • Competitive spreads from 0,0 pips EUR/USD
  • Copy trading features (DupliTrade and Zulutrade)
  • Up to 1:500 leverage
  • Free Equinix NY4 VPS server

Cons

  • Limited educational material
  • Limited availability of assets
  • No research and analysis tools

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

  • Access to over 2,000 CFDs on forex, cryptos and stocks
  • Compatible with MT4, MT5 and cTrader
  • Islamic swap-free account availability
  • Raw spreads from 0,0 pips EUR/USD
  • Fast and reliable trade execution
  • Access to Expert Advisors (EA’s) and other forms of automated trading

Binomo vs. IC Markets Comparison

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IC Markets logo

IC Markets

Open account Read review

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BROKER COMPARISON

Binomo-logo
IC Markets logo

Overall rating

2,2/5

4,5/5

Overall rating

2,2/5

4,5/5

Trading Platform & Tools

1.4

4.4

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 1:500
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

4.7

See details
Withdrawal Fee 0 No
Deposit Fee 0 No
Inactivity Fee $30 if no trades after 3 months 0
Cost Per Trade 0 $3.5 per lot
Cost Per Month 0 0
Forex (EUR/USD) 0 1.2 pips
Stocks & ETF 0 0
CFD (Gold) 0 0
Crypto 0 0
Options 0 0
Conversion Fees 0 0.01%
Misc. Fees 0
Overnight Fees 0

Mobile Trading

2.2

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.0

4.8

See details
Minimum deposit (in UAE) $10.00 $200
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.9

3.6

See details
Shares 0 0
ETF & Funds 0 40
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 0 75
CFD Indices & Funds 0 25
CFD Stocks 0 2100+
CFD Commodities 0 28
CFD Crypto 0 13
CFD Bonds 0 9
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

4.8

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

Customer Support

3.0

3.7

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

Winner

Binomo vs. IC Markets Comparison Conclusion

The outcomes of our contrast of Binomo vs. IC Markets are wrapped up in the table below.

Broker:Best For:
BinomoBinary Options Trading
IC MarketsForex and CFDs; Algorithmic Trading

Choosing the appropriate selection in between Binomo and IC Markets can be hard. Both online brokers have resemblances yet differ concerning trading tools, platforms & apps, policy, down payment & withdrawals, and study and education and learning. Selecting the best broker depends on individuals’ trading & investment goals, private 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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