Binomo vs. Swissquote Comparison

This contrast guide assists customers who battle to choose between Binomo and Swissquote to find the most effective online broker for their trading and financial investment requirements. It assesses the highlights of the two brokers side by side to assist users contrast their solution and make an educated decision.

To assist customers choose the appropriate broker in between Binomo and Swissquote to discover the best-suited platform, below is a list of broker’s advantages and disadvantages, followed by a comparison of their major trading functions, consisting of trading platforms & tools, charges, mobile trading, deposit & withdrawal, possessions, regulation, and consumer support.

Binomo vs. Swissquote: 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).

Swissquote logo

Swissquote is a low risk forex and CFD online broker, regulated by 4 top-tier financial regulators. It is a great choice for traders who are looking for high quality research, daily market updates, a great variety of tradable assets and account security on a Swiss bank.

Their Advance Trader proprietary trading platform suite is available as desktop, web and mobile version. Together with the MetaTrader platform suite, it delivers an excellent trading experience for traders and investors at all levels. Minimum deposit is $1000 and trading fees are above industry average. Swissquote operates a bank.

Choose Swissquote if you are looking to trade physical cryptos with a highly trusted online broker that also offers great banking services.

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

  • Great choice of trading instruments offered
  • Very good research and education
  • Great For Mobile Trading

Cons

  • Few deposit and withdrawal option

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 3,000 + financial instruments
  • Full MetaTrader Integration (MT4, MT5 and Advanced Trader)
  • Wide range of advanced trading tools and features
  • No inactivity fees
  • Algorithmic trading availability

Binomo vs. Swissquote Comparison

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Swissquote logo

Swissquote

Open account Read review

84.5% of retail investor accounts lose money when trading CFDs with this provider.

BROKER COMPARISON

Binomo-logo
Swissquote logo

Overall rating

2,2/5

4,2/5

Overall rating

2,2/5

4,2/5

Trading Platform & Tools

1.4

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 1:400
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

3.0

See details
Withdrawal Fee 0 $10
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 1.6 pips
Stocks & ETF 0 $9
CFD (Gold) 0 5.37 pips
Crypto 0 0.50%
Options 0 $1.49 per contract
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

1.9

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

4.9

See details
Shares 0 60
ETF & Funds 0 9000
Crypto 0 26
Commodities 0 0
Indices 0 0
Options 0 6
Futures 0 6
Bonds 0 53000
Forex Instruments 0 80
CFD Indices & Funds 0 26
CFD Stocks 0 0
CFD Commodities 0 12
CFD Crypto 0 12
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

5.0

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. Swissquote Comparison Conclusion

The outcomes of our comparison of Binomo vs. Swissquote are wrapped up in the table listed below.

Broker:Best For:
BinomoBinary Options Trading
SwissquoteInvestors

Picking the ideal choice between Binomo and Swissquote can be hard. Both on-line brokers have resemblances yet differ concerning trading tools, systems & apps, guideline, down payment & withdrawals, and research study and education. Selecting the most effective broker relies on individuals’ trading & financial investment objectives, individual 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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