Binomo vs. RoboForex Comparison

This comparison guide helps users who struggle to choose in between Binomo and RoboForex to find the best online broker for their trading and investment needs. It analyzes the highlights of the two brokers side-by-side to assist customers compare their solution and make a notified choice.

To assist users pick the right broker in between Binomo and RoboForex to discover the best-suited system, below is a list of broker’s pros and cons, followed by a contrast of their major trading functions, consisting of trading systems & tools, fees, mobile trading, down payment & withdrawal, assets, policy, and customer assistance.

Binomo vs. RoboForex: 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).

roboforex-logo

RoboForex is a forex and CFD broker regulated by the IFSC. They provide users access to over 12,000 tradable instruments including CFDs on stocks, futures, indices, cryptocurrencies, and forex.

RoboForex users can choose between various platforms including a proprietary platform (RoboForex Terminals), MetaTrader 4, MetaTrader 5, and cTrader.

RoboForex offers competitive trading fees compared to similar brokers in the industry (Pepperstone and IC Markets). They charge tight spreads from 0.0 pips EUR/USD and an additional commission. Apart from that, RoboForex doesn’t charge hidden commissions or fees. The maximum leverage at RoboForex is 1:2000 and all clients get access to a free VPS server.

RoboForex’s customer support is available by email, phone, and live chat in English, Arabic, and over 10 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

  • Low minimum deposit ($10)
  • Forex spreads from 0.0 pips (EUR/USD)
  • MT4, MT5 and cTrader integration
  • Excellent customer support
  • Access to 12,000 tradable assets
  • Availability of copy trading tools (CopyFX)

Cons

  • Floating spreads
  • Limited banking options available

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 12,000 financial instruments
  • High welcome and profit share bonuses
  • Access to Expert Advisors (EA’s) through the R StocksTrader Strategy Builder
  • Social trading via CopyFX
  • Intuitive mobile trading app

Binomo vs. RoboForex Comparison

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roboforex-logo

RoboForex

Open account Read review

79.43% of retail investor accounts lose money when trading CFDs

BROKER COMPARISON

Binomo-logo
roboforex-logo

Overall rating

2,2/5

4,3/5

Overall rating

2,2/5

4,3/5

Trading Platform & Tools

1.4

4.3

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 2000:1
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

4.6

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee $30 if no trades after 3 months 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 1
Stocks & ETF 0 0
CFD (Gold) 0 7
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

2.2

4.4

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.0

4.1

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

Assets

1.9

3.8

See details
Shares 0 12000
ETF & Funds 0 1000
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 0 40
CFD Indices & Funds 0 1100
CFD Stocks 0 12000
CFD Commodities 0 100
CFD Crypto 0 0
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

3.8

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

Customer Support

3.0

4.7

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

Winner

Binomo vs. RoboForex Comparison Conclusion

The outcomes of our contrast of Binomo vs. RoboForex are involved the table listed below.

Broker:Best For:
BinomoBinary Options Trading
RoboForexForex and CFDs and Welcome bonuses

Choosing the ideal option between Binomo and RoboForex can be tough. Both on the internet brokers have similarities but differ regarding trading instruments, platforms & apps, law, down payment & withdrawals, and research and education and learning. Choosing the best broker relies on customers’ trading & investment goals, individual 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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