BinaryCent vs DEGIRO

BinaryCent vs DEGIRO Comparison Table 2024
BinaryCent DEGIRO
3
2.8

BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.

DEGIRO is a Netherlands-headquartered broker with millions of users and authorization from leading regulators, including the BaFin and FCA. Clients can access global exchanges anytime, anywhere, and on any device. DEGIRO offers stock trading with exceptionally low fees and a huge range of markets. DEGIRO are not CFD brokers and do not offer CFDs.

Investing involves risk of loss
Bonus Offer
20% - 200% deposit bonus
Comment by Reviewer
"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent." "Degiro is perfect for low-cost stock trading on US, UK and European markets with a straightforward platform and app. Casual investors will appreciate that there are no inactivity fees while long-term traders will rate the wide selection of ETFs."
Pros
  • Simple and straightforward proprietary platform for binary options trading
  • Payouts up to 95% are higher than most competitors and increases profit potential
  • Trade binary contracts from $0.10 allowing trading opportunities for all budgets
  • Copy trading and binary options bots are useful for beginner traders
  • Accepts a wide range of funding methods, including cryptos and e-wallets
  • Low minimum deposit
  • Multiple account currencies
  • Commission-free stock trading
  • Access 50 exchanges in 30 countries
  • Beginner-friendly platform and app
  • Regulated by BaFin and FCA
  • No inactivity fee
  • 90+ global awards
  • 2+ million users
Cons
  • Not available to traders based in the US
  • The $250 minimum deposit is higher than most binary options brokers
  • Not overseen by any reputable regulator, raising risks and reducing customer protections
  • No copy trading
  • No demo account
  • No MT4 integration
  • No CFD trading
  • Few payment methods
Awards
  • Tech Finance - Journal Award - 2015
  • iFX Expo Asia Award - 2016
  • Best Online Broker - Qualebroker 2022 (Italy)
  • Best Broker For ETFs And Investment Funds - Qualebroker 2022 (Italy)
  • Best Discount Broker - Broker Chooser 2022 (UK)
  • Best Broker For Stock Trading - Broker Chooser 2022 (UK)
Instruments
CFDs, Forex, Stocks, Cryptos, Options, Commodities Stocks, ETFs, Bonds, Futures, Options, Warrants
Demo Account
Yes No
Minimum Deposit
$250 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$0.01 Variable
Regulator
VFSC BaFin, FCA
Margin Trading
Yes Yes
Margin Rate
4%
STP Account
No No
ECN Account
No No
DMA Account
No Yes
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 No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android iOS, Android & Windows
App Review

BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience.

Android App Rating
3
iOS App Rating
3
Auto Trading
Centobot for binary options
Copy Trading
Yes No
Copy Trading Platform
The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant.
Social Trading
Yes No
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No Yes
Guaranteed Stop Loss
Yes No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • SEK
  • NOK
  • DKK
  • CHF
  • PLN
  • CZK
Stock Exchanges
Commodities
CFD Trading
You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app. CFD trading not offered
Leverage
1:500
FTSE Spread
Floating N/A
GBPUSD Spread
Floating N/A
Oil Spread
Floating N/A
Stocks Spread
Floating N/A (Flat fee applies)
Forex Trading
Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range. Forex trading not offered
GBPUSD Spread
Floating N/A
EURUSD Spread
Floating N/A
EURGBP Spread
Floating N/A
Assets
25+
Cryptocurrency
BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies. Crypto trading not offered
Spread
N/A
Coins
  • ZEC
  • XRP
  • XMR
  • SAN
  • OMG
  • LTC
  • BTC
  • IOT
  • ETH
  • ETC
  • EOS
  • DSH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities. Binary options trading not offered
Payout
95%
Expiry Times
5 seconds - 30 days
Ladder Options
No No
Boundary Options
Yes No
Investing involves risk of loss
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