Binomo vs WazirX

Binomo vs WazirX Comparison Table 2024
Binomo WazirX
3.4
Not Yet Rated

WazirX is #30 in our crypto broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US 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.

WazirX is an Indian cryptocurrency exchange with several extra functionalities, including P2P trading, an NFT marketplace and Smart Token Funds.

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 Cryptos
Demo Account
Yes No
Minimum Deposit
$10 INR 100
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$1 $14.50
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 Yes
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
  • INR
  • UAH
Stock Exchanges
Commodities
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. WazirX is a crypto exchange with a wide range of tokens available for purchase using INR, USDT, BTC or the native WRX token.
Spread
N/A Variable
Coins
  • BTC
  • LTC
  • BCH
  • ADA
  • BTC
  • USDT
  • FTM
  • ADA
  • HBAR
  • TRX
  • CELR
  • FRONT
  • WRX
  • MATIC
  • REN
  • POLY
  • IOST
  • ETH
  • IOTX
  • DOGE
  • PUSH
  • XRP
  • SHIB
  • KEEP
  • ATOM
  • ICP
  • CTSI
  • CHR
  • WIN
  • CKB
  • COTI
  • ALICE
  • DENT
  • BNB
  • DOT
  • CRV
  • AVAX
  • RUNE
  • DOCK
  • ARK
  • CVC
  • SXP
  • BTT
  • 1INCH
  • VET
  • BZRX
  • PNT
  • LINK
  • LUNA
  • LTC
  • SC
  • XLM
  • SNX
  • EGLD
  • PHA
  • LRC
  • NKN
  • FTT
  • REEF
  • ZIL
  • CAKE
  • DNT
  • XVG
  • ENJ
  • DGB
  • ALPHA
  • UNI
  • ETC
  • UFT
  • EZ
  • YFII
  • HOT
  • MDX
  • EOS
  • SAND
  • KMD
  • TKO
  • OGN
  • RLC
  • YFI
  • TRB
  • FIL
  • XEM
  • OMG
  • MANA
  • KSM
  • DATA
  • UMA
  • AXS
  • BAL
  • BCH
  • COMP
  • HNT
  • ZRX
  • BAT
  • MIR
  • DASH
  • ONT
  • XVS
  • ZEC
  • DCR
  • BUSD
  • PAXG
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
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