Alpari vs BinaryCent

Alpari vs BinaryCent Comparison Table 2023
Alpari Review 2023 BinaryCent Review 2023
3.8
3.5

BinaryCent is #8 in our binary options broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Alpari is an offshore multi-asset broker that offers traders a wide range of forex trading opportunities as well as stock, index and commodity CFDs. The broker's fix contracts also offer fixed costs with payouts known upfront. Trading takes place on the MetaTrader 4 and MetaTrader 5 platforms, plus the brand's mobile app. Alpari offers tight spreads on ECN accounts and commission-free spreads from 1.2 pips on standard accounts.

BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.

Bonus Offer
30% up to $100 (terms apply) 20% - 200% deposit bonus
Comment by Reviewer
"Alpari will suit short-term binary options traders with a low $5 deposit and welcome bonus. Forex traders also get very high leverage with tight spreads while the broker's PAMM service will appeal to hands-off investors." "Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."
Pros
  • Low or no commission and tight spreads on ECN accounts
  • Excellent choice of funding options with no fees
  • Cashback for high-volume traders
  • Strong range of currency pairs
  • Supports MT4 and MT5 platforms
  • Welcome bonus for new traders
  • Copy trading and PAMM service
  • High leverage up to 1:1000
  • 20+ years track record
  • Simple and straightforward proprietary platform for binary options trading
  • Payouts up to 95% are higher than most competitors and increases profit potential
  • Trade binary contracts from $0.10 allowing trading opportunities for all budgets
  • Copy trading and binary options bots are useful for beginner traders
  • Accepts a wide range of funding methods, including cryptos and e-wallets
Cons
  • Not available in the US
  • Limited selection of non-forex assets
  • High charges for strategy manager copy trading tools
  • Weak market research and analysis tools
  • Not available to traders based in the US
  • The $250 minimum deposit is higher than most binary options brokers
  • Not overseen by any reputable regulator, raising risks and reducing customer protections
Awards
  • Tech Finance - Journal Award - 2015
  • iFX Expo Asia Award - 2016
Instruments
Stocks, CFD, Forex, Crypto Stocks, Options, CFD, Forex, Crypto, Binary Options
Demo Account
Yes Yes
Minimum Deposit
$5 $250
Trading Platforms
  • MT4
  • Own
Payment Methods
Minimum Trade
0.01 Lots $0.01
Regulator
FSC, SEBI, JFSA VFSC
Margin Trading
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No 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
Yes Yes
Mobile Apps
iOS, Android & Windows iOS, Android
Auto Trading
Via Copy Trading choices Centobot for binary options
Copy Trading
Yes Yes
Copy Trading Platform
Users can follow experienced strategy managers at Alpari, including seasoned forex traders. The broker offers account ratings to help you find a suitable provider as well as notifications on returns and one-click deposits and withdrawals. The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant.
Social Trading
No Yes
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$5
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CZK
  • NGN
  • USD
Stock Exchanges
Commodities
CFD Trading
Alpari offers CFDs on 60+ forex pairs, hundreds of global stocks, 11 stocks indices and spot metals and energies. Trading takes place via the MT4 or MT5 platforms, and the broker provides strategy and copy trading support as well as educational resources and 24/5 multilingual customer service. You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app.
Leverage
1:400 1:500
FTSE Spread
13 Floating
GBPUSD Spread
0.7 var Floating
Oil Spread
4 pts Floating
Stocks Spread
Variable Floating
Forex Trading
Alpari traders can access 60+ currency pairs and crosses via CFDs on the MT4 and MT5 platforms. The broker offers very competitive pricing, especially on the ECN Pro account which is commission free. Significant leverage up to 1:1000 is available. Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range.
GBPUSD Spread
0.7 Floating
EURUSD Spread
0.4 Floating
EURGBP Spread
0.6 Floating
Assets
50+ 25+
Currency Indices
  • USD
Cryptocurrency
Alpari offers a solid selection of popular crypto tokens paired with the USD. Spreads are competitive, starting at 1 and users can analyze the digital asset markets with the leading MetaTrader platforms, including on the weekends. BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies.
Spread
1 N/A
Coins
  • AVE
  • BTC
  • BCH
  • ADA
  • LINK
  • DAI
  • DOGE
  • EOS
  • ETH
  • ECH
  • FIL
  • LTC
  • XMR
  • DOT
  • XRP
  • MATIC
  • SOL
  • XLM
  • USDT
  • TRON
  • UNI
  • USDC
  • ZEC
  • XRP
  • XMR
  • SAN
  • OMG
  • LTC
  • BTC
  • IOT
  • ETH
  • ETC
  • EOS
  • DSH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities.
Payout
80% 95%
Expiry Times
30 seconds - 4 hours 5 seconds - 30 days
Ladder Options
No No
Boundary Options
No Yes
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