Binomo vs Mitrade

Binomo vs Mitrade Comparison Table 2023
Binomo Review 2023	Mitrade Review 2023
Review 3.4	Review Not Yet Rated
Traders from US not accepted See available binary options brokers	Traders from US not accepted See available CFD brokers
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.	Mitrade is a regulated Australian brokerage firm with a range of CFDs and forex pairs, providing leveraged trading to retail and professional clients.
Bonus Offer
	$50 welcome bonus
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	Stocks, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Trading Platforms
Own	Own
Payment Methods
Cashu Credit Card Doku Wallet JCB Card Mastercard Perfect Money Skrill	Credit Card Debit Card Mastercard POLi Skrill Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
	ASIC
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
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	No
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 AUD
Stock Exchanges
Dow Jones Nasdaq New York Stock Exchange	Australian Securities Exchange Deutsche Boerse Euronext Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange
Commodities
Gold Oil Silver
CFD Trading
CFD trading not offered	Mitrade offers a wide range of CFDs, encompassing cryptocurrencies, foreign exchange, commodities, shares and equity indices.
Leverage
	1:30 (Retail), 1:250 (Pro)
FTSE Spread
	3
GBPUSD Spread
	1.5
Oil Spread
	0.05
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.	A wide range of major, minor and exotic currency pairs are available with leverage through Mitrade's proprietary web-based trading platform.
GBPUSD Spread
N/A	1.5
EURUSD Spread
N/A	1
EURGBP Spread
N/A	1.2
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.	Mitrade offers CFD trading in four major cryptocurrencies against the US dollar.
Spread
N/A	Variable
Coins
BTC LTC BCH ADA	BTC BCH ETH LTC
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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