Binomo vs Mitrade
Binomo | Mitrade |
---|---|
3.4
|
3.5
|
Traders from US not accepted
|
Traders from US not accepted
|
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 Australian CFD and forex broker with top-tier regulation from ASIC. The broker offers zero minimum deposit requirement, 24/5 customer support and a sleek proprietary platform. The brand has been recognized with global awards and has gained a client base of over 2.4 million. |
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." | "Based on my extensive tests, I think MiTrade is a good choice for novice investors looking for hundreds of instruments, educational content and an award-winning bespoke trading platform." |
Pros | |
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Cons | |
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Instruments | |
Fixed Time Trades | CFDs, Forex, Stocks |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$1 | 0.01 Lots |
Regulator | |
ASIC, FSC, CIMA | |
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. |
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Android App Rating | |
4.7 |
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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 | 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 | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading not offered | There's a decent range of 500+ CFD products on a proprietary terminal including forex, stocks, shares and commodities with competitive spreads. I appreciated the 24/5 customer support, market insights and sentiment data to help me make informed CFD trading decisions. |
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. | During my tests, I was pleased to uncover 60+ major, minor and exotic currency pairs, such as EUR/USD, AUD/USD and GBP/JPY with a minimum trade size of 0.01 lots and no commission fees. I also noted no hidden fees and free access to market insights.ith 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. | Crypto trading not offered |
Spread | |
N/A | |
Coins | |
|
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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 |
More Comparisons | |
Binomo vs |
Mitrade vs |