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 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 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
Select up to 3 Brokers
Binomo
XTB
BROKER COMPARISON
Trading Platform & Tools
| 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
| 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 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $10.00 | $0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| 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 Instruments | 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 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| 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: |
| Binomo | Binary Options Trading |
| XTB | Forex 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.