Binomo vs Binance

Binomo vs Binance Comparison Table 2024
Binomo	Binance
Review 3.4	Review 3.5 Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.

Binomo is a beginner-friendly binary options broker that offers trading on forex, stocks and indices via high/low binary options on a simple web-based platform with payouts up to 90% and reliable service. The firm was launched in 2012 and is based offshore.	Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives.
Comment by Reviewer
"Traders who enjoy straightforward, fast-paced trading on forex and stocks should check out Binomo's short-term binary options. The intuitive platform and joining requirements make the brand particularly attractive for newer traders."	"Binance will appeal to crypto investors looking to trade big tokens like Bitcoin plus niche coins with low fees. However, regulatory action and questionable handling of customer funds makes this firm too high-risk in our opinion."
Pros
Custom-designed platform that works quickly on mobile devices Demo account available to all with no restrictions Low minimum trade value from $1 Competitive payouts up to 90% Thousands of daily traders Low minimum deposit of $10 Clear tiered account system	Over 350 crypto tokens are available with big names like Bitcoin and Ethereum Crypto derivatives are offered including options and futures Trade popular cryptos with high leverage up to 1:125 Binance Academy is a great resource for beginners The account opening process is straightforward There are no fees on fiat and crypto deposits 24/7 support is available via live chat
Cons
Contract expiry times of 1 minute to 1 hour are very short term for many traders Limited extra features with no copy trading Small selection of tradeable instruments Weak regulatory oversight	No contact support number Some regulatory investigations The crypto exchange has been hacked
Instruments
Fixed Time Trades	Cryptos
Demo Account
Yes	No
Minimum Deposit
$10	$0
Trading Platforms
Own	AlgoTrader
Payment Methods
Cashu Credit Card Doku Wallet JCB Card JetonCash Mastercard Perfect Money Skrill	ACH Transfer ADVcash Apple Pay AstroPay Banxa Bitcoin Payments Credit Card Etana Ethereum Payments Flutterwave Google Wallet Mastercard Paybis PayID PIX Payment Samsung Pay Simplex Vietcombank Transfer Visa Wire Transfer
Minimum Trade
$1	$10
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	Yes
Spot Trading
No	Yes
Mobile Apps
iOS and Android	Yes
App Review
The Binomo app distinguishes itself by offering a comprehensive toolkit, including a risk-free demo account and over 30 analytical tools for technical analysis, ensuring newcomers and seasoned traders can confidently navigate the markets. Moreover, its diverse asset offerings across various markets, coupled with the opportunity to leverage CFDs provides a range of opportunties, all while having access to 24/7 support.
Android App Rating
4.7
iOS App Rating
4.6
Auto Trading
BinomoBot tracks 12 moving and 5 technical indicators and can be set up in than 3 minutes.
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$30
Islamic Account
No	No
Account Currencies
USD EUR	UAH
Stock Exchanges
Dow Jones Nasdaq New York Stock Exchange
Commodities
Gold Oil Silver
Forex Trading
Binomo offers a competitive suit of currencies from majors like EUR/USD to exotics like EUR/MXN. But with contracts spanning 1 minute to 1 hour, the broker is best for short-term forex binary options traders.	Forex trading not offered
GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
19
Cryptocurrency
Binomo offers 24/7 fixed time trades on a few major cryptos, including Bitcoin. However this is significantly less than alternatives like Focus Option which offers more than 80 digital tokens.	Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace.
Spread
N/A	Variable fees with account tiers
Coins
BTC LTC BCH ADA	DOGE VET USDT BTC BNB ETH VTHO ADA ONE SOL NEO LINK XLM NANO LTC BUSD HBAR ALGO MANA ZIL ENJ BCH MATIC EGLD HNT EOS QTUM RVN DAI IOTA ONT STORJ UNI ETC BAND OMG XTZ USDC ATOM DASH ICX BAT MKR OXT ZEC ZEN ZRX COMP WAVES KNC REP PAXG FIL WBTC THETA SHIB
Crypto Lending
No	Yes
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No
Binary Options
Binomo offers binary options trading around the clock, including the weekends. You can speculate on the short-term price movements of popular markets, from stocks to currencies. Payouts are competitive climbing to 90% and contracts start from just 1 minute.	Binary options trading not offered
Payout
90%
Expiry Times
1 minute - 60 minutes
Ladder Options
No	No
Boundary Options
Yes	No

Review	Review
More Comparisons
Binomo vs	Binance vs