Binomo vs. OandA Comparison

This comparison overview assists users who have a hard time to pick between Binomo and OandA to discover the most effective online broker for their trading and investment demands. It assesses the main features of the two brokers alongside to assist customers compare their service and make an educated decision.

To help customers pick the best broker between Binomo and OandA to find the best-suited platform, listed below is a list of broker’s benefits and drawbacks, adhered to by a comparison of their main trading attributes, including trading systems & devices, fees, mobile trading, down payment & withdrawal, possessions, policy, and customer assistance.

Binomo vs. OandA: 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).

Oanda logo

OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social trading. Market research features are powered by TradingView.

OandA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 1.26 pips EUR/USD on their standard account.

OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.

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 ($0)
  • Competitive average spread from 1.2 pips (EUR/USD)
  • MT4, MT5 and TradingView integration
  • Broad range of research and analysis tools
  • Feature rich mobile app

Cons

  • Limited assets
  • Only CFD and forex trading available
  • Customer support is only available during office hours
  • Inactivity fees

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 124 tradable symbols including 71 forex pairs
  • Low minimum deposit ($0)
  • Real-time currency conversion
  • MetaTrader 4 and 5 integration
  • Free VPS server
  • Trading fee and wire transfer discounts for professional traders

Binomo vs. OandA Comparison

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Oanda logo

Oanda

Open account Read review

74-89% of retail CFD accounts lose money

BROKER COMPARISON

Binomo-logo
Oanda logo

Overall rating

2,2/5

3,8/5

Overall rating

2,2/5

3,8/5

Trading Platform & Tools

1.4

3.9

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

3.1

See details
Withdrawal Fee 0 $20 + Fee
Deposit Fee 0 0
Inactivity Fee $30 if no trades after 3 months $10 a month after 12 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 1.3
Stocks & ETF 0 0
CFD (Gold) 0 31
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

2.2

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.0

3.8

See details
Minimum deposit (in UAE) $10.00 $0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.9

1.8

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 70
CFD Indices & Funds 0 12
CFD Stocks 0 0
CFD Commodities 0 35
CFD Crypto 0 0
CFD Bonds 0 3
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

3.6

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. OandA Comparison Conclusion

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

Broker:Best For:
BinomoBinary Options Trading
OandAForex and CFDs

Picking the best choice in between Binomo and OandA can be tough. Both online brokers have similarities however differ concerning trading instruments, platforms & applications, law, down payment & withdrawals, and research study and education and learning. Picking the most effective broker depends on individuals’ trading & financial investment goals, private 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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