Binomo vs. TastyTrade Comparison

This comparison overview aids users that have a hard time to select in between Binomo and TastyTrade to find the very best online broker for their trading and investment needs. It examines the highlights of both brokers alongside to assist customers contrast their service and make an educated choice.

To aid individuals pick the right broker in between Binomo and TastyTrade to discover the best-suited system, listed below is a list of broker’s advantages and disadvantages, followed by a comparison of their major trading features, including trading systems & tools, charges, mobile trading, deposit & withdrawal, properties, law, and customer support.

Binomo vs. TastyTrade: 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).

tastytrade-logo

TastyTrade (previously TastyWorks) is a US based stock and options broker. It is regulated by two tier-one regulators (FINRA and SEC) and is therefore considered safe. The broker offers access to a wide range of options, futures and stocks.

TastyTrade’s platform offers various trading tools and features, intuitive charting apps and the TastyTrade content network. These features make tastytrade a great fit for experienced and active traders focusing on trading with futures and options. Although TastyTrade offers great educational materials and research tools, the platform can be overwhelming for beginners.

The minimum deposit at TastyTrade is $0. Customer support is responsive and well educated.

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)
  • Wide range of futures and options
  • Low, variable, and capped trading fees
  • Broad range of tools for advanced options and futures traders
  • Great research and educational materials

Cons

  • No fractional shares available
  • Limited instruments compared to other brokers
  • High margin rates required

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 thousands of stocks, ETFs, futures, options on futures, commodities, and cryptocurrencies
  • Advanced trading tools and dynamic charting features (custom indicators, watch lists, and curve analysis)
  • Multiple advanced order types available (good until canceled and good until date)
  • Free monthly portfolio analysis
  • Support for Expert Advisors and other automated trading software

Binomo vs. TastyTrade Comparison

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BROKER COMPARISON

Binomo-logo
tastytrade-logo

Overall rating

2,2/5

4,1/5

Overall rating

2,2/5

4,1/5

Trading Platform & Tools

1.4

4.1

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 5:1
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

4.2

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 0
Stocks & ETF 0 0
CFD (Gold) 0 0
Crypto 0 1% open 1% close (max $10 each way)
Options 0 $1 per contract
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees 0

Mobile Trading

2.2

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.0

3.0

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

4.0

See details
Shares 0 2400
ETF & Funds 0 0
Crypto 0 25
Commodities 0 0
Indices 0 7
Options 0 0
Futures 0 83
Bonds 0 0
Forex Instruments 0 0
CFD Indices & Funds 0 0
CFD Stocks 0 0
CFD Commodities 0 0
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

3.5

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

Customer Support

3.0

4.0

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

Winner

Binomo vs. TastyTrade Comparison Conclusion

The results of our contrast of Binomo vs. TastyTrade are involved the table listed below.

Broker:Best For:
BinomoBinary Options Trading
TastyTradeOptions Trading

Picking the appropriate choice between Binomo and TastyTrade can be difficult. Both on the internet brokers have resemblances however differ concerning trading tools, systems & apps, regulation, down payment & withdrawals, and research study and education. Choosing the very best broker depends upon individuals’ trading & financial investment objectives, 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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