Binary.com vs XM

Binary.com vs XM Comparison Table 2023
Binary.com	XM
Review 4	Review 4.4
Traders from US not accepted	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
Bitcoin Payments FasaPay Paysafecard Perfect Money QIWI Skrill Wire Transfer Yandex Money	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
	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Japan Exchange Group Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
	Cocoa Coffee Copper Corn Cotton Gasoline Gold Oil Precious Metals Silver Sugar Wheat
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

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