5paisa vs Binomo
5paisa | Binomo |
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2.5
5paisa is #37 in our broker rankings. |
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3.4
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5paisa is one of India's fastest growing discount brokers, with 3.3 million registered customers. The financial services provider offers multi-asset trading opportunities spanning thousands of stocks, IPOs, commodities and currency pairs. The brand's pricing model is transparent, with flat fees per transaction including a ₹20 commission per stock trade. |
Binomo is a beginner-friendly binary options broker that offers trading on forex, stocks and indices via high/low binary options on a simple web-based platform with payouts up to 90% and reliable service. The firm was launched in 2012 and is based offshore. |
Comment by Reviewer | |
"5pasia will appeal to Indian investors looking for low-cost stocks and derivatives trading on a feature-rich mobile app." | "Traders who enjoy straightforward, fast-paced trading on forex and stocks should check out Binomo's short-term binary options. The intuitive platform and joining requirements make the brand particularly attractive for newer traders." |
Pros | |
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Cons | |
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Instruments | |
Stocks, Futures, Options, Forex | Fixed Time Trades |
Demo Account | |
No | Yes |
Minimum Deposit | |
INR 450 | $10 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$0 | $1 |
Regulator | |
SEBI | |
Margin Trading | |
Yes | No |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
Yes | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | No |
Mobile Apps | |
iOS & Android | iOS and Android |
Auto Trading | |
BinomoBot tracks 12 moving and 5 technical indicators and can be set up in than 3 minutes. | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | Yes |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$30 | |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
Forex Trading | |
5paisa supports forex trading through futures and options on four major currencies paired with the Indian rupee. There is a flat fee of ₹20 per order. Currencies can be traded through the Apple and Android-friendly mobile app. | Binomo offers a competitive suit of currencies from majors like EUR/USD to exotics like EUR/MXN. But with contracts spanning 1 minute to 1 hour, the broker is best for short-term forex binary options traders. |
GBPUSD Spread | |
N/A | N/A |
EURUSD Spread | |
N/A | N/A |
EURGBP Spread | |
N/A | N/A |
Assets | |
4 | 19 |
Cryptocurrency | |
Crypto trading not offered | Binomo offers 24/7 fixed time trades on a few major cryptos, including Bitcoin. However this is significantly less than alternatives like Focus Option which offers more than 80 digital tokens. |
Spread | |
N/A | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Binary options trading not offered | Binomo offers binary options trading around the clock, including the weekends. You can speculate on the short-term price movements of popular markets, from stocks to currencies. Payouts are competitive climbing to 90% and contracts start from just 1 minute. |
Payout | |
90% | |
Expiry Times | |
1 minute - 60 minutes | |
Ladder Options | |
No | No |
Boundary Options | |
No | Yes |
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