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Binomo
#16 in our binary options broker rankings
Accepts traders from Tanzania
Rating breakdown
- Regulation & trust2.50.3 lower than Binarium (2.8)
- Assets & markets2.80.5 lower than Binarium (3.3)
- Fees & costs2.80.7 lower than Binarium (3.5)
- Platforms & tools3.00.5 lower than Binarium (3.5)
- Accounts & banking3.00.8 lower than Binarium (3.8)
- Education3.50.7 lower than Binarium (4.2)
- Research2.00.7 higher than Binarium (1.3)
- Customer support2.80.5 lower than Binarium (3.3)
Binarium’s score. Numbers show the difference.
Binarium
#10 in our binary options broker rankings
Accepts traders from Tanzania
Rating breakdown
- Regulation & trust2.80.3 higher than Binomo (2.5)
- Assets & markets3.30.5 higher than Binomo (2.8)
- Fees & costs3.50.7 higher than Binomo (2.8)
- Platforms & tools3.50.5 higher than Binomo (3.0)
- Accounts & banking3.80.8 higher than Binomo (3.0)
- Education4.20.7 higher than Binomo (3.5)
- Research1.30.7 lower than Binomo (2.0)
- Customer support3.30.5 higher than Binomo (2.8)
Binomo’s score. Numbers show the difference.
| Binomo | Binarium | |
|---|---|---|
| Overview | Binomo is a binary options broker that offers trading on forex, stocks and indices via high/low contracts on a simple web-based platform with payouts up to 90% and reliable service. The firm was launched in 2014 and is based offshore. | Binarium is an established international broker offering binary options trading on diverse markets including stocks, indices, forex, commodities and cryptocurrencies. Traders can start trading with as little as $1 and earn payouts up to 90% of their stake. |
| Customer Reviews | – | Based on 1 customer reviews |
| Bonus Offer | – | Welcome Bonus up to $2,000 |
| Comment by Reviewer | “Binomo is a strong choice for active traders interested in making short-term binary trades, of up to 1 hour, on popular markets. With over 100+ payment methods from various regions, a $10 minimum deposit, plus a free demo account, it’s a good fit for traders with less starting capital.” | “Binarium has been designed with simplicity in mind, featuring a fast, fully digital sign-up process and an intuitive platform and app with 100+ indicators. With binaries spanning 60 seconds to 3 months, it caters to both short and longer-term traders.” |
| Pros |
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| Cons |
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| Instruments | Fixed Time Trades | Forex, Stocks, Cryptos |
| Demo Account | Yes | Yes |
| Minimum Deposit | $10 | $5 |
| Trading Platforms |
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| Payment Methods | ||
| Minimum Trade | $1 | $1 |
| Margin Trading | No | No |
| 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 (plus APK) | Android, iOS via mobile web trader |
| 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. | Binarium offers a mobile app that should provide an optimal trading experience on the go. However, we've observed worrying complaints of deposits not showing in account balances despite multiple requests to the support team. So, despite a very modern interface and capable charting tools, it trails industry leaders. |
| Android App Rating | ||
| iOS App Rating | – | |
| Copy Trading | Yes | No |
| Social Trading | No | No |
| Trade Signals | Yes | Yes |
| VPS Hosting | No | No |
| Tournaments | Yes | 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 |
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| Stock Exchanges | – | |
| Commodities | – | |
| Forex Trading | ||
| Overview | 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. | Binarium offers just 20 currency pairs, focusing on majors like EUR/GBP and USD/GBP, alongside a few minors. Currency trading is supported on a web-based platform with payouts up to 92% through the broker's binary options. |
| GBPUSD Spread | N/A | Variable |
| EURUSD Spread | N/A | Variable |
| EURGBP Spread | N/A | Variable |
| Assets | 19 | 20+ |
| Cryptocurrency | ||
| Overview | 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. | Trade binary options on three Bitcoin pairs – BTC/USD, BTC/GBP and BTC/EUR – with flexible contract lengths. Simply bet whether the price of the asset will rise or fall. |
| Spread | N/A | N/A |
| Coins |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | 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. | Binarium is an experienced binary options broker offering access to a range of financial markets with a proprietary, sleek platform and TradingView integration with 100+ technical indicators. New users can open a real-money account or practice in the demo account with $10,000. |
| Payout | 90% (99% via Dynamic Range Trading for VIPs) | 92% |
| Expiry Times | 1 minute - 60 minutes | 60 seconds - 3 months |
| Ladder Options | No | No |
| Boundary Options | Yes | No |