Binary.com vs ZuluTrade
| Binary.com | ZuluTrade |
|---|---|
4
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3.1
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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. |
ZuluTrade is a renowned social-wealth management platform that allows investors to trade by copying the trades of experienced traders, also known as leaders. This award-winning platform supports social trading and copy trading across multiple assets and has a network of more than 90,000 Leaders and 1,000+ brokers. ZuluTrade is part of the Finvasia Group and is regulated in the EU, South Africa, Japan and Mauritius. |
| 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." | "We recommend ZuluTrade for investors interested in joining one of the world's largest and best-performing social trading networks. The platform is user-friendly and clients can copy trade in a variety of popular financial markets." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFDs, Forex, Stocks, Cryptos | CFDs; Forex, Stocks, Cryptos, Commodities, Indices |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $5 | Broker Dependant |
| Trading Platforms | |
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| Payment Methods | |
| Investors - Broker-Dependent. Leaders - Bank Transfer, PayPal, Cryptos | |
| Minimum Trade | |
| $1 | $1 |
| Regulator | |
| MGA, SC | HCMC in EU, FSA in Japan, FSC in Mauritius, FSCA in South Africa |
| 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 | No |
| 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 | No |
| Mobile Apps | |
| iOS, Android | iOS & Android |
| 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. |
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| Android App Rating | |
4.5 |
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| iOS App Rating | |
4.2 |
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| Auto Trading | |
| Binary.com offer a self build robot feature to design, test and implement automated trading strategies | ZuluTrade are market leaders in automated trading. From scripts to auto execution APIs and copy trading. |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| Investors can follow the strategies and positions of 90,000+ traders spanning a range of financial markets. ZuluTrade is one of the top-rated and regulated copy trading platforms globally, with multiple industry awards, an excellent reputation and a suite of risk management tools and real-time analysis features. | |
| 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 |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| 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. | CFD trading not offered |
| Leverage | |
| 1:1000 | Broker Dependent |
| FTSE Spread | |
| 1 pt var | Broker dependent |
| GBPUSD Spread | |
| 1 pip var | Broker dependent |
| Oil Spread | |
| 3 pips var | Broker dependent |
| Stocks Spread | |
| Broker dependent | |
| 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. | In the realm of Forex CFDs, ZuluTrade offers access to an extensive selection of currency pairs, enabling traders to engage in the exciting world of currency exchange with ease and flexibility. |
| GBPUSD Spread | |
| 1 pip var | Broker dependent |
| EURUSD Spread | |
| 0.5 pip var | Broker dependent |
| EURGBP Spread | |
| 1 pip var | Broker dependent |
| Assets | |
| 45+ | Broker dependent |
| 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. | ZuluTrade supports Crypto CFDs, making it possible for traders to speculate on the price movements of cryptocurrencies like Bitcoin and Ethereum. This feature allows traders to participate in the cryptocurrency market without owning the underlying assets. |
| Spread | |
| BTC 2%, ETH 3% | Broker dependent |
| Coins | |
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| 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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