Eightcap vs Binarium

Eightcap vs Binarium Comparison Table 2024
Eightcap Binarium
4.6
2.6

Binarium is an established international broker offering binary options trading on diverse markets including stocks, indices, forex, commodities and cryptocurrencies. Traders can start trading with as little as $1 and earn payouts up to 80% of their stake.

Customer Reviews
3.5
Comment by Reviewer
"Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row." "Binarium is a good binary options broker for traders looking for an experienced brand with low deposit requirements and a welcome bonus."
Pros
  • Having excelled across all key areas for day traders, Eightcap outperformed more than 490 competitors to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title.
  • With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
  • After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
  • Eightcap stands out with a selection of powerful trading tools, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.
  • Segregated client funds
  • Promotions including 100% welcome bonus and trading tournaments
  • Flexible payment methods and account currencies, including support for crypto payments
  • Community forum platform
  • Enhanced educational features
  • Demo account with virtual funds
  • Low minimum deposit requirements
Cons
  • In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
  • Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
  • The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
  • Despite a useful library of educational guides and e-books, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
  • Unregulated
  • Limited trading instruments
  • Limited information on broker’s website
  • No industry established trading terminals
  • Lower payouts than other binary options brokers
  • Specific bonus terms and conditions to meet before being able to withdraw funds
Awards
  • Best Overall Broker 2024 - DayTrading.com
  • Best Cryptocurrency Broker 2024 - DayTrading.com
  • Best Forex Broker 2023 - DayTrading.com
  • Best Cryptocurrency Broker 2023 - DayTrading.com
  • Best MT4/MT5 Broker 2022 - DayTrading.com
  • Best Customer Service Broker 2021 - Global Brands Magazine
  • Best Global Forex MT4 Broker 2020 - Global Forex Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities Forex, Stocks, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$100 $5
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • Own
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
ASIC, FCA, xCySEC, SCB
Margin Trading
Yes No
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
Yes 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
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
App Review

Eightcap supports the MT4, MT5 and TradingView apps, catering to mobile traders looking for advanced charting tools. While we don’t love the increasingly outdated design of the MetaTrader suite, its dozens of technical indicators and drawing tools, multiple charting styles, and straightforward overlays in horizontal mode are excellent. The push notifications and active social network on the TradingView app are also valuable additions for aspiring traders and Eightcap has published helpful videos on connecting TradingView accounts to iOS and Android devices.

Binarium offers a mobile app that should provide an optimal trading experience on the go. However, we’ve observed worrying complaints of deposits not showing in account balances despite multiple requests to the support team. So, despite a very modern interface and capable charting tools, it trails industry leaders.

Android App Rating
4.4
3.3
iOS App Rating
4.8
1.3
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • SGD
  • USD
  • EUR
  • AUD
  • RUB
Stock Exchanges
Commodities
CFD Trading
Eightcap offers a wide range of trading options with 800+ CFDs across stocks, indices, bonds, commodities, and cryptocurrencies (depending on location), with leverage up to 1:30/1:500. It excels in its tools, notably the AI-enabled economic calendar covering 25+ countries with impact filters (high, medium, low). However, its commodities offering, particularly in softs like cotton and wheat, as well as the limited precious metal and energy assets, is its weakest area. CFD trading not offered
FTSE Spread
1.2
GBPUSD Spread
0.1
Oil Spread
0.03
Stocks Spread
0.03 (Apple Inc)
Forex Trading
Eightcap offers 50+ currency pairs in line with the industry average but trailing category leaders like CMC Markets with its 300+ currency pairs. However, Eightcap stands out with institutional-level spreads from 0.0 pips on major pairs like the EUR/USD, alongside low $3.50/side commissions. The broker also offers rich forex data to inform trading decisions, including key fundamentals, bullish/bearish indicators and a calendar that tracks key events in the foreign exchange market. Trade 20 forex pairs, including majors like EUR/GBP and USD/GBP as well as minor pairs. On the downside, this isn't the most varied selection of currencies available.
GBPUSD Spread
0.1 N/A
EURUSD Spread
0.0 N/A
EURGBP Spread
0.1 N/A
Assets
50+ 20
Currency Indices
  • USD
Cryptocurrency
Eightcap’s crypto offering is best-in-class with 250+ crypto derivatives, surpassing that of almost every alternative. Testing also reveals Bitcoin spreads of 12 pips, coming in lower than most competitors, while it offers real-time trading ideas through the Crypto Crusher market scanner. Add in convenient deposits and withdrawals in digital currencies, and Eightcap offers the complete package for serious crypto traders. Trade binary options on three Bitcoin pairs – BTC/USD, BTC/GBP and BTC/EUR – with flexible contract lengths. Simply bet whether the price of the asset will rise or fall.
Spread
$12 (BTC) N/A
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • XRP
  • XMR
  • DSH
  • EOS
  • XLM
  • ADA
  • TRX
  • DOGE
  • BNB
  • DOT
  • MATIC
  • VET
  • AXS
  • NEO
  • SOL
  • UNI
  • AAVE
  • KSM
  • THETA
  • CAKE
  • SUSHI
  • ATOM
  • XTZ
  • SNX
  • COMP
  • FLOW
  • EGLD
  • PUNDIX
  • RAY
  • ZIL
  • QTUM
  • BAND
  • OMG
  • FIDA
  • BADGER
  • NEAR
  • ONT
  • KNC
  • SHIB
  • MTL
  • CLV
  • BAT
  • XEM
  • STMX
  • CHR
  • WAVES
  • FTM
  • AUDIO
  • TOMO
  • MRK
  • GRT
  • ENJ
  • CRV
  • RUNE
  • DAWN
  • DODO
  • HOT
  • ZEC
  • 1INCH
  • HBAR
  • AVAX
  • PROM
  • ALPHA
  • LINA
  • CEL
  • SXP
  • SAND
  • CREAM
  • ICP
  • FIL
  • PAXG
  • DENT
  • REN
  • REEF
  • LRC
  • PERP
  • STORJ
  • IOTA
  • ALCX
  • ALGO
  • LINK
  • MANA
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered Binarium is an experienced binary options broker offering access to a range of financial markets with a proprietary, sleek platform. New users can claim a welcome bonus up to $1,500 or practice in the demo account with $10,000.
Payout
80%
Ladder Options
No No
Boundary Options
No No
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