Binomo vs Gemini

Binomo vs Gemini Comparison Table 2024
Binomo	Gemini
Review 3.4	Review 3.8

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.	Gemini is a cryptocurrency exchange set up in 2014 by the Winklevoss brothers, known for their early involvement in Facebook. The exchange is among the world’s 20 largest and most popular. Gemini clients can trade and stake 110+ cryptocurrencies, with derivatives trading available in some jurisdictions, an advanced proprietary platform and additional features including an NFT marketplace.
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."	"Gemini’s ActiveTrader platform and TradingView integration make it a good choice for serious crypto traders seeking a reliable charting environment, though we were disappointed by some unnecessary fees and previous security breaches."
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	The trading app features a user-friendly, modern design and intuitive interface, with an excellent range of charting tools for day traders The TradingView integration delivers top-quality tools, including backtesting and algo trading capabilities The exchange ensures high security standards with 2FA a requirement for all crypto investors Crypto perpetual futures are available in many jurisdictions with up to 1:100 leverage There is a decent range of educational guides and tutorials suitable for beginners
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	The exchange has a history of concerning incidents including the collapse of its Earn program and a phishing breach The 'convenience fee' for using the mobile app seems arbitrary and makes it inefficient to use this feature There are high fees for some funding methods including a 3.49% fee for card transactions Some larger coins by market cap are not available to buy through Gemini There is no practice profile or demo account for prospective traders
Awards
	Best Cryptocurrency Exchange 2019 - Markets Choice Awards Best Crypto Exchange Overall 2022 - The Ascent
Instruments
Fixed Time Trades	Cryptos
Demo Account
Yes	No
Minimum Deposit
$10	$0
Trading Platforms
Own	ActiveTrader AlgoTrader TradingView
Payment Methods
Cashu Credit Card Doku Wallet JCB Card JetonCash Mastercard Perfect Money Skrill	ACH Transfer Bitcoin Payments Credit Card Etana Ethereum Payments Mastercard PayPal Silvergate Bank Transfer Visa Wire Transfer
Minimum Trade
$1	0.00001 BTC
Regulator
	NYDFS, MAS, FCA
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 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
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	USD EUR GBP CAD AUD HKD SGD
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.	Gemini offers a relatively small range of 110+ cryptocurrencies on its exchange, which is anchored by the native Gemini Dollar stablecoin, as well as perpetual swap derivatives. The powerful ActiveTrader platform is optimized for online trading, delivering a wide range of technical indicators and up to 7 time frames.
Spread
N/A	Transaction fee from $0.99
Coins
BTC LTC BCH ADA	BTC ETH XRP ADA DOGE DOT BCH LTC UNI LINK FIL XLM WBTC EOS SOL AAV XTZ ATOM MKR DAI COMP ZEC ENJ GRT SNX BAT MANA YFI UMA ZRX OMG BNT REN CRV 1INCH LRC KNC STORJ GNT SKL SAND BAL NMR KEEP OXT LOOM PAXG BRD CSP TBTC WNXM FXC AMP WTON LUNA
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
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