Binomo vs FIBO Group

Binomo vs FIBO Group Comparison Table 2024
Binomo	FIBO Group
Review 3.4	Review Not Yet Rated

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.	FIBO Group is a dual-licensed forex broker offering multiple trading platforms.
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."
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
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
Instruments
Fixed Time Trades	Forex, CFDs, cryptos, spot metals
Demo Account
Yes	Yes
Minimum Deposit
$10	$50
Trading Platforms
Own	MT4 MT5 cTrader
Payment Methods
Cashu Credit Card Doku Wallet JCB Card JetonCash Mastercard Perfect Money Skrill	American Express Cashu Credit Card ecoPayz Mastercard Neteller Paysafecard Perfect Money Skrill Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
	CySEC, FSC BVI
Margin Trading
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	Yes
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 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.	Yes
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
Yes	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	Yes
Account Currencies
USD EUR	USD EUR GBP CHF
Stock Exchanges
Dow Jones Nasdaq New York Stock Exchange
Commodities
Gold Oil Silver	Gold Silver
CFD Trading
CFD trading not offered	Speculate on the financial markets with a range of CFDs.
Leverage
	1:1000
FTSE Spread
	3.5
GBPUSD Spread
	0.5
Oil Spread
	$0.08
Stocks Spread
	Variable
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.	Trade dozens of online currencies with competitive leverage rates.
GBPUSD Spread
N/A	0.5
EURUSD Spread
N/A	0.3
EURGBP Spread
N/A	0.5
Assets
19	60+
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.	Trade crypto and USD cross pairs.
Spread
N/A	Floating
Coins
BTC LTC BCH ADA	BTC ETH LTC ZEC XMR DSH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
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

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