Binary.com vs XM

Binary.com vs XM Comparison Table 2024
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 broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

Customer Reviews
3
Bonus Offer
$30 No Deposit Bonus When You Register A Real Account
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." "XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."
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 and low fees with spreads from 0.0 pips that will protect day trading profit margins
  • XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights
  • The broker offers premium research including market sentiment, fundamental insights and strategy builders
  • Accessible trading accounts with a $5 minimum deposit and fast account opening
  • Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools, respectively
  • Reliable 24/7 customer support with fast response times within a few minutes during testing
  • XM is a hugely respected broker authorized by tier-one regulators
  • 1000+ instruments are offered including 50+ forex pairs which is higher than average
  • XM provides a no re-quotes and no rejections policy
Cons
  • Limited regulatory oversight
  • DTrader platform only available via web browser
  • Narrow range of instruments vs other brokers
  • There is weak regulatory oversight through the global entity
  • There's $5 inactivity fee after only 3 months, though this won't affect active traders
  • PayPal deposits are not supported
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
  • Global Forex Broker of the Year 2020 - Global Forex Awards
Instruments
CFDs, Forex, Stocks, Cryptos Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
Demo Account
Yes Yes
Minimum Deposit
$5 $5
Trading Platforms
  • MT5
  • MT4
  • MT5
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
MGA, SC ASIC, CySEC, DFSA, FSC, FSCA
Margin Trading
No Yes
Margin Rate
0.2%
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 Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android iOS, Android & Windows
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.

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 MT4 and MT5 software on the move, with full access to the broker’s 1000+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand.

Android App Rating
4.5
3.9
iOS App Rating
4.2
4.7
Auto Trading
Binary.com offer a self build robot feature to design, test and implement automated trading strategies Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • ZAR
  • CHF
  • SGD
  • PLN
  • HUF
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. Day traders can speculate on leveraged CFDs with zero commissions, spanning popular markets including currencies, equities and commodities. Additionally, the MetaTrader platforms collectively offer dozens of advanced technical indicators built for short-term strategies.
Leverage
1:1000 1:1000
FTSE Spread
1 pt var 1.5 pts
GBPUSD Spread
1 pip var 1.9
Oil Spread
3 pips var 0.03
Stocks Spread
0.002
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. XM offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges. Over 50 currency pairs are available, which is above the market average and is in line with one of our top award-winners, AvaTrade.
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 1.9
EURUSD Spread
0.5 pip var 1.6
EURGBP Spread
1 pip var 1.8
Assets
45+ 55+
Currency Indices
  • USD
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. XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with high leverage up to 1:500. You can explore major tokens like Bitcoin, Ethereum and Ripple with just a $30 deposit.
Spread
BTC 2%, ETH 3% Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
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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