Binomo vs Focus Option

Binomo vs Focus Option Comparison Table 2024
Binomo	Focus Option
Review 3.4	Review 3.7

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.	Focus Option is an offshore broker that specializes in binary options as well as CFDs. Binary options trading on forex, cryptos and three commodities is done through the broker's simple web-based platform with average payouts between 70% and 95%. The broker also offers a mobile app for trading CFDs, with 300+ tradeable instruments.
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."	"Focus Option is an excellent pick for traders seeking straightforward high/low digital options on a user-friendly web platform."
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	Web-based platform provides a quick and easy way to access markets Good selection of cryptocurrencies available including Bitcoin Binary options contracts from 30 seconds to 30 days Accepts crypto deposits and withdrawals $10 low minimum deposit Easy sign-up process Payouts up to 95% $1 minimum trade
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	Offshore regulation raises safety concerns Average trading terms on CFDs with spreads from 3 pips on GBP/USD Clients based in the USA cannot use the broker’s products
Instruments
Fixed Time Trades	Binary Options, CFDs, Forex, Metals, Indices
Demo Account
Yes	Yes
Minimum Deposit
$10	$10
Trading Platforms
Own	TradingView
Payment Methods
Cashu Credit Card Doku Wallet JCB Card JetonCash Mastercard Perfect Money Skrill	Bitcoin Payments Credit Card Debit Card JCB Card Mastercard Visa
Minimum Trade
$1	$1
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	Yes
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS and Android	iOS & Android
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	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
Inactivity Fee
$30
Islamic Account
No	No
Account Currencies
USD EUR	USD
Stock Exchanges
Dow Jones Nasdaq New York Stock Exchange	DAX GER 40 Index S&P 500
Commodities
Gold Oil Silver	Gold Silver
CFD Trading
CFD trading not offered	Focus Option offers CFD trading through an intuitive mobile app, with 300+ tradeable instruments spanning forex, cryptocurrencies, commodities, shares and indices. Leverage ranges from 1:20 to 1:50 and spreads are variable, starting from 1 pip, with no commission.
Leverage
	1:50
FTSE Spread
	NA
GBPUSD Spread
	3
Oil Spread
	1
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.	Focus Option offers 22 forex pairs tradeable via binary options, including a selection of majors and minors. FX pairs are also available to trade with margin on Focus Option's mobile app, which offers high leverage up to 1:50 and spreads from 1 pip.
GBPUSD Spread
N/A	3
EURUSD Spread
N/A	1
EURGBP Spread
N/A	3
Assets
19	39
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.	Focus Option clients can trade binary options on an extensive list of 80+ cryptocurrencies, including Bitcoin and Ethereum plus smaller altcoins like Tron and 0x. Crypto CFDs are also available through the broker's mobile app with high leverage.
Spread
N/A	NA
Coins
BTC LTC BCH ADA	BTC ETH XRP USDT BTC LTC ADA AAVE ATOM DOGE KSM CRO THETA LINK YFI YCC MATIC RUNE SOL MANA MIOTA XMONEY XMR SUSHI BAT
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.	Focus Option offers binary options trading on 140+ instruments including forex, cryptocurrencies, commodities, indices and company shares. Contracts include 30 seconds, 1 min, 2 mins, 5 mins, 15 mins, 30 mins, 1 hr, end of day, and long-term contracts up to 30 days. Decent payouts typically climb to 95%. The browser-based platform is beginner-friendly with sophisticated analysis tools.
Payout
90%	95%
Expiry Times
1 minute - 60 minutes	30 seconds - 1 week
Ladder Options
No	No
Boundary Options
Yes	No

Review	Review
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