Binary.com vs XM

Binary.com vs XM Comparison Table 2023
Binary.com XM
4
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.

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted CySEC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms.

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
  • Beginner-friendly education tools including podcasts and expert-led webinars in 9 languages
  • Premium research including market sentiment, fundamental insights and strategy builders
  • Accessible trading accounts with a $5 minimum deposit and easy account opening
  • Powerful MT4 and MT5 platforms available via web, desktop or mobile
  • Reliable 24/5 customer support in over 25 languages
  • Hugely respected brand with 30+ industry awards
  • Transparent fees with spreads from 0.0 pips
  • 1000+ instruments including 50+ forex pairs
Cons
  • Limited regulatory oversight
  • DTrader platform only available via web browser
  • Narrow range of instruments vs other brokers
  • $5 inactivity fee
  • Traders from the US not accepted
Awards
  • Best Binary Options Broker 2019 - DayTrading.com
  • The Best Crypto CFDs 2022 - Financial Expo Egypt
  • Best FX Service Provider 2022 - City of London Wealth Management Awards
  • Best MT4/MT5 Broker 2021 - DayTrading.com
  • Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards
  • Best Trading Experience 2021 - Ultimate Fintech
  • Best FX Service Provider 2021 - City of London Wealth Management Awards
  • Best Broker in Customer Service 2020 - FX168
  • Best Customer Service Experience 2020 – Global Business Awards
  • Global Forex Broker of the Year 2020 - Global Forex Awards
  • Best FX Service Provider for 2020 - City of London Wealth Management Awards
Promotions

Improve The Speed & Reliability Of Your Trades With The XM VPS

Bonus
Free VPN Services
Instruments
Stocks, CFD, Forex, Crypto, Binary Options Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks
Demo Account
Yes Yes
Minimum Deposit
$5 $5
Payment Methods
Multiple local payment methods available
Minimum Trade
$1 0.01 Lots
Regulator
MGA, SC IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI
Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No Yes
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 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 Yes (EAs)
Copy Trading
No Yes
Copy Trading Platform
XM offers over copy trading on MT4 and MT5. Integrated signals can be used to inform trades, including buy and sell decisions and entry and exit points.
Social Trading
No No
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
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • CHF
  • PLN
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. Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading.
Leverage
1:1000 1:500
FTSE Spread
1 pt var 1.5 pts (var)
GBPUSD Spread
1 pip var 2.1 (var)
Oil Spread
3 pips var 0.05 (var)
Stocks Spread
0.1% (var)
Forex Trading
Binary.com deliver advanced forex trading via the MetaTrader 5 platform and flexible account options. XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile.
Forex App

XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.

GBPUSD Spread
1 pip var 2.1 pips (var)
EURUSD Spread
0.5 pip var 1.6 pips (var)
EURGBP Spread
1 pip var 2 pips (var)
Assets
45+ 55+
Currency Indices
  • USD
Cryptocurrency
Trade with 1:2 leverage on 25+ crypto pairs with zero commission and 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
More Comparisons
Binary.com
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