Binomo vs. XM Comparison

This comparison guide assists customers that battle to select in between Binomo and XM to find the most effective online broker for their trading and financial investment demands. It assesses the main features of the two brokers alongside to aid users compare their service and make an informed choice.

To assist users pick the ideal broker between Binomo and XM to find the best-suited platform, listed below is a checklist of broker’s advantages and disadvantages, complied with by a comparison of their major trading features, including trading platforms & devices, fees, mobile trading, down payment & withdrawal, assets, regulation, and customer assistance.

Binomo vs. XM: 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).

XM logo

XM is a Best-in-Class broker offering a complete MetaTrader suite coupled with upgrades to enhance trading experience and use of custom indicators. Through its various brands, XM offers traders a total of 1,230 CFDs across multiple asset classes, including forex, cryptos, stocks and CFDs.

XM offers low min deposits and wide range of account types. XM Forex offers low spreads and flexible lot sizes and is considered an average-risk trader. They are privately owned and do not operate a bank.

XM is regulated and authorized by the Australian Securities & Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA)

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

  • Very good customer support
  • Very competitive trading fees
  • Good choice of different trading platforms

Cons

  • Could have more deposit and withdrawal options

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 1,000+ trading instruments
  • Trade the markets your way using one or multiple of the 16 available trading platforms including MT4 and MT5
  • No re-quotes nor order rejections
  • Broad range of educational material offered in the form of webinars, videos, live trading education sessions, and podcasts
  • Extensive research tools via XM Research Centre including trade ideas, technical summaries, and a detailed economic calendar
  • Free VPS perfectly suited for EAs and other automated trading software

Binomo vs. XM Comparison

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XM logo

XM

Open account Read review

75.59% of retail CFD accounts lose money

BROKER COMPARISON

Binomo-logo
XM logo

Overall rating

2,2/5

4,1/5

Overall rating

2,2/5

4,1/5

Trading Platform & Tools

1.4

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 1:888
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

4.1

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 1.6 pips
Stocks & ETF 0 0,1% – (min $5)
CFD (Gold) 0 3 pips
Crypto 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

2.2

4.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.0

3.8

See details
Minimum deposit (in UAE) $10.00 $5
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.9

2.8

See details
Shares 0 100
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 55
CFD Indices & Funds 0 14
CFD Stocks 0 1286
CFD Commodities 0 14
CFD Crypto 0 5
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

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. XM Comparison Conclusion

The outcomes of our comparison of Binomo vs. XM are involved the table below.

Broker:Best For:
BinomoBinary Options Trading
XMResearch & Education

Choosing the right selection in between Binomo and XM can be tough. Both on-line brokers have resemblances however vary concerning trading tools, platforms & applications, law, deposit & withdrawals, and research and education and learning. Choosing the best broker depends upon customers’ trading & financial 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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