Binary.com vs Ally Invest

Binary.com vs Ally Invest Comparison Table 2024
Binary.com	Ally Invest
Review 4	Review 3.2

Binary.com are the established pioneers of binary options. They are a well-known broker offering 150+ derivative products across a range of popular markets. With over 2.5 million users worldwide, the broker offers options multipliers and CFDs on two powerful trading platforms.	Ally Invest was founded in 2005 and serves 11 million customers through its suite of investing and financial services products. The brokerage is regulated by the US SEC with FINRA and SIPC membership. The company has a substantial $197 billion in assets under management (AUM).
Comment by Reviewer
"Binary.com (now Deriv) is a great pick for beginners and advanced traders interested in short-term trading with multipliers and leveraged CFDs. The broker is also a leader in synthetic indices which simulate real market movements and are available around the clock."	"Ally Invest is an all-in-one financial solution suitable for traders of all experience levels with self-directed and managed trading accounts alongside online banking, financial advice, credit cards and loans."
Pros
Access to a range of interesting markets, including Deriv's proprietary synthetic indices which are derived from simulated markets Strong global reputation with decades of experience in the trading industry Beginners can practise strategies in the demo account with unlimited virtual funds Instant deposit methods with minimum funding as low as $5 Variety of risk management tools including trading limits and self-exclusion protocols Responsive 24/7 customer support via live chat, telephone, email or WhatsApp Sign up for a CFD or Multiplier account in minutes	Responsive customer support available 24/7 with local and international telephone help, live chat and email Free demo account with $50,000 virtual funds and access to all platforms and tools Competitive fees including commission-free trading on eligible US stocks and ETFs Managed portfolios tailored to financial goals and risk appetite Regulated by the SEC and a member of the SIPC Online educational content and financial advice High-quality proprietary web trading platform You can reinvest dividends through DRIP Leveraged trading up to $1 million Access to MetaTrader 4
Cons
Limited regulatory oversight DTrader platform only available via web browser Narrow range of instruments vs other brokers	Some features such as the stock screener are not available on the mobile app Deposits and withdrawals limited to wire transfers or cheques only Forex trading is available on a separate account Only US stocks are available
Awards
Best Binary Options Broker 2019 - DayTrading.com
Instruments
CFDs, Forex, Stocks, Cryptos	Forex, Stocks, ETFs, Options, Bonds
Demo Account
Yes	No
Minimum Deposit
$5	$0
Trading Platforms
MT5	Own
Payment Methods
Bitcoin Payments FasaPay Paysafecard Perfect Money QIWI Skrill Wire Transfer Yandex Money	Wire Transfer
Minimum Trade
$1
Regulator
MGA, SC	SEC, FINRA
Margin Trading
No	Yes
Margin Rate
	3.25%
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
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
No	No
Mobile Apps
iOS, Android	iOS & Android
App Review
Deriv GO, previously the Binary.com app, offers an easy-to-use interface and various trading instruments, including 24/7 trading in both standard and unique market-simulating indices. It stands out with its fast and reliable chat support, a rare find among competitor apps, providing essential help for new traders.
Android App Rating
4.5
iOS App Rating
4.2
Auto Trading
Binary.com offer a self build robot feature to design, test and implement automated trading strategies
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	Yes
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD	USD
CFD Trading
Deriv's CFD offering includes 38 forex pairs, 58 stocks, seven indices, 31 crypto pairs and 16 indices, with variable leverage up to 1:30 and tight spreads. The broker also offers CFDs on four synthetic indices, which allow 24/7 trading on customisable levels of volatility, and they are not available elsewhere.	CFD trading not offered
Leverage
1:1000
FTSE Spread
1 pt var
GBPUSD Spread
1 pip var
Oil Spread
3 pips var
Forex Trading
Deriv traders can speculate on 38 major and minor pairs via CFDs on MT4 or 14 majors with the broker's 'multiplier' derivatives via the proprietary trading terminal. This is a decent range of currencies compared to many alternatives.	Ally Invest offers 50+ currency pairs with access to MetaTrader 4 and the Ally Invest Forex Advanced Desktop platforms. Spreads compare well to alternatives with a good range of majors, minors and exotics.
GBPUSD Spread
1 pip var	1
EURUSD Spread
0.5 pip var	1
EURGBP Spread
1 pip var	1
Assets
45+	80
Cryptocurrency
Deriv's 31 crypto CFDs are traded in pairs with USD and leverage up to 1:2. Multipliers are available on the BTC/USD and ETH/USD pairs. We like that crypto traders also get access to the powerful MT5 platform.	Crypto trading not offered
Spread
BTC 2%, ETH 3%
Coins
BCH BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector.	Binary options trading not offered
Payout
91%
Ladder Options
Yes	No
Boundary Options
Yes	No

Review	Review
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