Binary.com vs Upstox

Binary.com vs Upstox Comparison Table 2023
Binary.com Review 2023	Upstox Review 2023
Review 4	Review 2.9 Upstox is #36 in our broker rankings.
Traders from US not accepted See available binary options brokers	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.	Upstox is an established Indian broker offering BSE, NSE and MCX stocks, alongside IPOs, mutual funds and futures. Registered with the Securities and Exchange Board of India (SEBI), this broker aims to offer affordable investment products to local clients, alongside powerful desktop and mobile platforms.
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."	"Upstox will be a top pick for experienced Indian stock traders looking for thousands of equities, flat fees and sophisticated tools. We particularly rate the advanced features of the proprietary platform, Upstox Pro."
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	Transparent, flat pricing at INR 20 per order on stocks and no monthly maintenance charges Fast and free funding methods via local bank transfer, Google Pay, cheque and more 2-in-1 joint demat and trading accounts available with pre-included stock Smartlists Decent education centre with YouTube series for beginners plus free online trading courses Refer and earn scheme offering perks including zero commissions on mutual funds Charting provided by TradingView with 104 technical indicators for advanced stock analysis Back office (BO) system to access trading history Free options P&L calculator & strategy builder
Cons
Limited regulatory oversight DTrader platform only available via web browser Narrow range of instruments vs other brokers	Charges for non-resident Indians (NRI) Not as beginner-friendly as competitors Digital gold has been discontinued Limited leverage limits No demo account
Awards
Best Binary Options Broker 2019 - DayTrading.com
Instruments
Stocks, CFD, Forex, Crypto, Binary Options	Stocks, Futures, Options
Demo Account
Yes	No
Minimum Deposit
$5	INR 0
Trading Platforms
MT5	Own
Payment Methods
Bitcoin Payments FasaPay Paysafecard Perfect Money QIWI Skrill Wire Transfer Yandex Money	Google Wallet Wire Transfer
Minimum Trade
$1	INR 500
Regulator
MGA, SC	SEBI
Margin Trading
No	Yes
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	Yes
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	Yes
Mobile Apps
iOS, Android	iOS & Android
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	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD	INR
Stock Exchanges
	Bombay Stock Exchange National Stock Exchange Of India
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.	Forex trading not offered
GBPUSD Spread
1 pip var
EURUSD Spread
0.5 pip var
EURGBP Spread
1 pip var
Assets
45+
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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