Binary.com vs FXTM

Binary.com vs FXTM Comparison Table 2023
Binary.com FXTM
4
4
United States Flag Traders from US not accepted
United States Flag Traders from US not 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.

FXTM is a top-rated forex and CFD broker. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ markets and three account types, they cater to all levels of trader.

Bonus Offer
30% up to $100 via Exinity Ltd
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." "FXTM is a good pick for forex traders seeking low fees, excellent market research and access to the familiar MetaTrader 4 platform."
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
  • Free educational materials and market insights
  • Customer support in 30+ languages
  • Negative balance protection
  • Regulated by FCA & CySEC
  • Multiple industry awards
  • 1000+ financial assets
  • Transparent pricing
  • Beginner-friendly
  • Copy trading
  • Forex VPS
Cons
  • Limited regulatory oversight
  • DTrader platform only available via web browser
  • Narrow range of instruments vs other brokers
  • No ETFs or bonds
  • Selection of stocks is not extensive
  • Mediocre spreads on commission-free accounts
  • Limited e-wallet payment options
  • Withdrawal fees
Awards
  • Best Binary Options Broker 2019 - DayTrading.com
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
Instruments
Stocks, CFD, Forex, Crypto, Binary Options Forex, CFDs, Indices, Commodities, Stocks
Demo Account
Yes Yes
Minimum Deposit
$5 $10
Trading Platforms
  • MT5
  • Web Platform
  • Mobile Platform
  • MT4
  • MT5
  • AutoChartist
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
MGA, SC CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius)
Margin Trading
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android iOS, Android & Windows
Auto Trading
Binary.com offer a self build robot feature to design, test and implement automated trading strategies FXTM Invest plus Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
FXTM Invest is a popular copy trading app connecting clients to established investors with successful portfolios. Learn from traders with proven strategies in forex, stocks and more.
Social Trading
No Yes
Trade Signals
Yes
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
USD/EUR/GBP 5 per month
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
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. FXTM's CFD list includes forex, stocks, commodities and indices. The global entity also offers crypto CFDs. Leverage depends on jurisdiction, with rates up to 1:30 from its CySEC-regulated branch and a massive 1:2000 from its global entities.
Leverage
1:1000 1:30 (EU), 1:2000 (Global)
FTSE Spread
1 pt var 1.3 pts
GBPUSD Spread
1 pip var 0.3 (var)
Oil Spread
3 pips var 9 pts (var)
Stocks Spread
0.1% 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. FXTM offers 60+ forex pairs plus 6 indices which track a basket of popular currencies. The brand's ECN accounts offers impressive spreads from 0 with low commissions from $0.40 to $2 per lot and commission-free spreads start from 1.5 pips.
Forex App

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

GBPUSD Spread
1 pip var 0.3 (var)
EURUSD Spread
0.5 pip var 0.1 (var)
EURGBP Spread
1 pip var 0.2 (var)
Assets
45+ 50+
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • NZD
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% Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • 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
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