Binomo vs. XTB Comparison

This contrast guide assists individuals that battle to pick between Binomo and XTB to find the very best online broker for their trading and investment demands. It analyzes the main features of both brokers side-by-side to assist users compare their service and make an educated decision.

To aid customers select the right broker in between Binomo and XTB to find the best-suited platform, listed below is a list of broker’s benefits and drawbacks, complied with by a comparison of their main trading functions, including trading platforms & tools, costs, mobile trading, down payment & withdrawal, possessions, law, and consumer support.

Binomo vs. XTB: 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).

XTB logo

XTB is an international multi-asset broker founded in 2002. It is regulated by two-tier one regulators (the FCA and MiFID) and therefore considered trustworthy. The brokers offers access to 12,000 tradable symbols including 5,400 CFDs on forex, indices, commodities, stocks, ETFs, and cryptocurrencies.

XTB has a proprietary platform (xStation 5) that features extensive trading and research tools including market news, up-to-date price tables, and market calendars. Users can also use various order types and risk management features such as stop-loss orders and negative balance protection. Besides its feature rich proprietary platforms, XTB offers limited MT4 integration.

XTB trading fees are in line with the industry average. They charge an average spread of 0.91 pips (EUR/USD), and also offer spread rebates between 5% to 30% on active trading. XTB also charges inactivity fees of $10/month after 12 months of inactivity.

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)
  • Competitive trading fees
  • Great research and education materials
  • MT4 compatibility
  • Cashback rebates and free paper trading account
  • Feature rich and intuitive mobile app

Cons

  • Only CFD trading
  • Charges 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 12,000 financial instruments
  • Free Stock and ETF trading
  • Daily market analysis videos, price tables, and economic calendar
  • Micro-lot trading available
  • Beginner-friendly mobile app (xStation Mobile)
  • Multi-lingual support in English, Arabic and over 10 other languages

Binomo vs. XTB Comparison

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XTB logo

XTB

Open account Read review

81% of CFD retail account lose money

BROKER COMPARISON

Binomo-logo
XTB logo

Overall rating

2,2/5

3,8/5

Overall rating

2,2/5

3,8/5

Trading Platform & Tools

1.4

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 1:500
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

3.7

See details
Withdrawal Fee 0 $0
Deposit Fee 0 $0
Inactivity Fee $30 if no trades after 3 months
Cost Per Trade 0 0
Cost Per Month 0 €12
Forex (EUR/USD) 0 1.0 pips
Stocks & ETF 0 0
CFD (Gold) 0 1.19 pips
Crypto 0 100 pips
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

2.1

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

2.9

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 0 57
CFD Indices & Funds 0 37
CFD Stocks 0 1796
CFD Commodities 0 23
CFD Crypto 0 10
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

3.2

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

Customer Support

3.0

4.4

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

Winner

Binomo vs. XTB Comparison Conclusion

The outcomes of our contrast of Binomo vs. XTB are wrapped up in the table below.

Broker:Best For:
BinomoBinary Options Trading
XTBForex and CFDs; Beginners and intermediate traders

Selecting the appropriate selection in between Binomo and XTB can be difficult. Both online brokers have similarities yet vary relating to trading tools, systems & apps, policy, down payment & withdrawals, and research study and education and learning. Choosing the best broker relies on customers’ trading & investment goals, specific 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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