Your capital is at risk. Trade only with funds you can afford to lose.
Binomo
#15 in our binary options broker rankings
Accepts traders from Haiti
Rating breakdown
- Regulation & trust2.50.5 lower than IQ Option (3.0)
- Assets & markets2.80.7 lower than IQ Option (3.5)
- Fees & costs2.80.2 lower than IQ Option (3.0)
- Platforms & tools3.00.3 lower than IQ Option (3.3)
- Accounts & banking3.0same as IQ Option (3.0)
- Education3.51.0 higher than IQ Option (2.5)
- Research2.01.2 higher than IQ Option (0.8)
- Customer support2.80.2 lower than IQ Option (3.0)
IQ Option’s score. Numbers show the difference.
IQ Option
#4 in our binary options broker rankings
Accepts traders from Haiti
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Rating breakdown
- Regulation & trust3.00.5 higher than Binomo (2.5)
- Assets & markets3.50.7 higher than Binomo (2.8)
- Fees & costs3.00.2 higher than Binomo (2.8)
- Platforms & tools3.30.3 higher than Binomo (3.0)
- Accounts & banking3.0same as Binomo (3.0)
- Education2.51.0 lower than Binomo (3.5)
- Research0.81.2 lower than Binomo (2.0)
- Customer support3.00.2 higher than Binomo (2.8)
Binomo’s score. Numbers show the difference.
| Binomo | IQ Option | |
|---|---|---|
| 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. | IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10. |
| Customer Reviews | – | Based on 3 customer reviews |
| 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.” | “After a raft of upgrades, including FX options, multipliers, added indicators and longer expiries - IQ Option is best suited to active short-term traders who want a user-friendly, fast platform for digital options alongside CFDs and multipliers in one place. With a track record stretching back to 2013, it's also one of the most established binary providers.” |
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| Awards | – |
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| Instruments | Fixed Time Trades | CFD, Forex, Crypto, Stocks, Digital Options |
| Demo Account | Yes | Yes |
| Minimum Deposit | $10 | $10 |
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| Payment Methods | ||
| Minimum Trade | $1 | 0.001 Lots |
| Regulator | – | CySEC |
| Margin Trading | No | Yes |
| Margin Rate | – | 0.2% |
| 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 | Yes |
| Market Maker | No | Yes |
| P2P Trading | No | No |
| Spot Trading | No | No |
| Mobile Apps | iOS & Android (plus APK) | Android (plus APK), iOS (plus progressive web app) |
| 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. | IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless. |
| Android App Rating | ||
| iOS App Rating | ||
| Copy Trading | Yes | No |
| Social Trading | No | No |
| Trade Signals | Yes | – |
| VPS Hosting | No | No |
| Tournaments | Yes | Yes |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $30 | €10 (or equivalent) |
| Islamic Account | No | Yes |
| Account Currencies |
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| Stock Exchanges | ||
| Commodities | ||
| CFD Trading | ||
| Overview | CFD trading not offered | IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available depends on your location (1:30 in EU, 1:500 globally), but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform. |
| Leverage | – | 1:500 |
| GBPUSD Spread | – | 1 |
| Oil Spread | – | 2.3 |
| Stocks Spread | – | 2 |
| 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. | IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area. |
| GBPUSD Spread | N/A | 5 pips |
| EURUSD Spread | N/A | 14 pips |
| EURGBP Spread | N/A | 15 pips |
| Assets | 19 | 60+ |
| 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. | IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software. |
| Spread | N/A | BTC 7%, ETH 12% (Var) |
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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. | IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+. |
| Payout | 90% (99% via Dynamic Range Trading for VIPs) | 95% |
| Expiry Times | 1 minute - 60 minutes | 60 seconds - 1 month |
| Ladder Options | No | Yes |
| Boundary Options | Yes | Yes |