Crypto.com vs Binomo
Crypto.com | Binomo |
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3
|
3.4
|
Crypto.com is one of the biggest names in cryptocurrency trading, developed with the aim to expedite the world's transition to DeFi technologies. The crypto exchange offers token lending, pre-paid cards, NFTs and more. The firm was established in Germany in 2016 and its quality is proven by its 10 million active users. |
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. |
Comment by Reviewer | |
"Crypto.com is good for retail investors that want to speculate on the crypto markets with the security of an established and reputable exchange." | "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 | |
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Cons | |
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Instruments | |
Cryptos | Fixed Time Trades |
Demo Account | |
No | Yes |
Minimum Deposit | |
$0 | $10 |
Trading Platforms | |
|
|
Payment Methods | |
Minimum Trade | |
0.0003 BTC | $1 |
Margin Trading | |
Yes | 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 & Android | iOS and 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 |
|
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 | |
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Stock Exchanges | |
Commodities | |
Forex Trading | |
Forex trading not offered | 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. |
GBPUSD Spread | |
N/A | |
EURUSD Spread | |
N/A | |
EURGBP Spread | |
N/A | |
Assets | |
19 | |
Cryptocurrency | |
Crypto.com provides access to more than 100 cryptocurrencies, including Bitcoin. All products can be purchased with leverage of up to 1:3 and trading fees follow an effective tiered commission structure. | 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. |
Spread | |
N/A | |
Coins | |
|
|
Crypto Lending | |
Yes | No |
Crypto Mining | |
No | No |
Crypto Staking | |
Yes | No |
Auto Market Maker | |
No | No |
Binary Options | |
Binary options trading not offered | 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. |
Payout | |
90% | |
Expiry Times | |
1 minute - 60 minutes | |
Ladder Options | |
No | No |
Boundary Options | |
No | Yes |
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