Binary.com vs Forex.com

Binary.com vs Forex.com Comparison Table 2023
Binary.com Forex.com
4
4.5

Forex.com is #1 in our CFD broker rankings.

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

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.

Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.

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." "Forex.com is excellent for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score."
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
  • Top-rated forex and CFD broker
  • The broker’s parent company, StoneX, is listed on the NASDAQ
  • Thousands of assets are available from currencies to stocks, indices and commodities
  • Leading trading tools, including Trading Central, SMART Signals and MetaTrader 4
  • Multiple account currencies including USD, EUR and GBP
  • Industry-leading pricing on popular forex assets
  • Up to 15% cashback rebates for active traders
  • VPS hosting for automated strategies
  • Free demo account for beginners
  • Fast order execution speed
  • TradingView integration
  • Low minimum deposit
Cons
  • Limited regulatory oversight
  • DTrader platform only available via web browser
  • Narrow range of instruments vs other brokers
  • $15 inactivity fee
  • No copy trading tool
  • Tools and platform access varies between countries
Awards
  • Best Binary Options Broker 2019 - DayTrading.com
  • Best CFD Broker 2022 - Rankia
  • Best HNW Service 2022 - Dubai Forex Expo
  • Best US Broker 2020 - DayTrading.com
  • Best US Broker 2019 - DayTrading.com
  • Runner-Up - Best Forex Broker 2019 - DayTrading.com
Instruments
Stocks, CFD, Forex, Crypto, Binary Options Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options
Demo Account
Yes Yes
Minimum Deposit
$5 $100
Payment Methods
Minimum Trade
$1 $1
Regulator
MGA, SC CySEC, IIROC, NFA, CFTC, FCA, CIMA, CIRO
Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No Yes
eSignal
No Yes
Trading Central
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS, Android iOS & Android
Auto Trading
Binary.com offer a self build robot feature to design, test and implement automated trading strategies Automated trading supported through platforms (MT4)
Copy Trading
No No
Social Trading
No No
Trade Signals
SMART Signals
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$15
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • CHF
Stock Exchanges
Commodities
CFD Trading
Trade CFDs with tight spreads on key markets as well as the broker's 24/7 synthetic indices, which are not available elsewhere. Go long and short on a range of popular financial markets with intuitive platforms and reliable execution. 99.76% of trades are executed in less than a second with an average speed of 0.02 seconds.
Leverage
1:1000 1:200
FTSE Spread
1 pt var 1 pt
GBPUSD Spread
1 pip var 1.0 Var
Oil Spread
3 pips var 0.04 Var
Stocks Spread
0.1% (Min Commission Applies)
Forex Trading
Binary.com deliver advanced forex trading via the MetaTrader 5 platform and flexible account options. Forex.com is a leading FX broker. The brand offers a huge range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.2 with a $5 commission per $100k.
Forex App

Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.

GBPUSD Spread
1 pip var 1.0 Var
EURUSD Spread
0.5 pip var 0.8 Var
EURGBP Spread
1 pip var 0.8 Var
Assets
45+ 80+
Cryptocurrency
Trade with 1:2 leverage on 25+ crypto pairs with zero commission and access to the powerful MT5 platform. Trade major cryptos against USD, EUR, GBP and AUD. All traded with tight spreads. No virtual wallet is required, just a trading account. Cryptos are not available in the US, UK or Canada.
Spread
BTC 2%, ETH 3% BTC 1.4%, ETH 2%
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • BCH
  • 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
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