Exness vs Binomo

Exness vs Binomo Comparison Table 2024
Exness	Binomo
Review 4.6	Review 3.4
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available binary options brokers
Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 800,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.	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.
Customer Reviews
4 Based on 1 Exness customer reviews
Comment by Reviewer
"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."	"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
Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips and low commissions from $2 per side There's a strong range of account types for all experience levels and requirements, including Cent, Pro and Raw spread solutions The broker is accessible for beginners with low minimum deposits from $10 and flexible payment methods Experienced strategy providers can open social trading accounts, with monthly commissions up to 50% Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes There's excellent 24/7 multilingual customer support via telephone, email and live chat Local payments are available, plus deposits in BTC and USDT Unlike many other brands, Exness doesn't charge any account maintenance or inactivity fees The broker offers fast execution speeds for short-term traders, averaging under 25ms	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
There are no promotional deals or loyalty schemes for high-volume day traders There are several regional restrictions for retail traders including the USA, Europe and the UK Unlike most competitors, Exness doesn't provide its own education section	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
Awards
Most People-Centric Broker at Traders Summit 2022 Global Broker of the Year at Traders Summit 2022 Best Customer Support Award at Financial Markets Expo Cairo 2021 Premium Loyalty Program Award at Financial Markets Expo Cairo 2021 Most Innovative Broker at Dubai Expo 2021
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto	Fixed Time Trades
Demo Account
Yes	Yes
Minimum Deposit
$10	$10
Trading Platforms
Exness Trade App MT4 MT5 TradingCentral	Own
Payment Methods
Bitcoin Payments Boleto Credit Card Mastercard Visa Wire Transfer	Cashu Credit Card Doku Wallet JCB Card JetonCash Mastercard Perfect Money Skrill
Minimum Trade
0.01 Lots	$1
Regulator
FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV
Margin Trading
Yes	No
STP Account
No	No
ECN Account
Yes	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
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	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.
Android App Rating
4.3	4.7
iOS App Rating
4.4	4.6
Auto Trading
Expert Advisors (EAs) on MetaTrader	BinomoBot tracks 12 moving and 5 technical indicators and can be set up in than 3 minutes.
Copy Trading
No	No
Social Trading
Yes	No
Trade Signals
	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	$30
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD NZD INR JPY ZAR MYR IDR DKK CHF HKD SGD AED SAR HUF BRL NGN THB VND UAH KWD QAR	USD EUR
Stock Exchanges
CAC 40 Index France DAX GER 40 Index Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange	Dow Jones Nasdaq New York Stock Exchange
Commodities
Corn Gold Silver	Gold Oil Silver
CFD Trading
Exness offers a selection of CFDs covering forex, stocks, indices, commodities and cryptos, with leverage up to 1:200. Accounts are geared mainly towards experienced day traders, with over 100 technical indicators available in the broker’s proprietary terminal.	CFD trading not offered
Leverage
1:2000
FTSE Spread
15.1
GBPUSD Spread
0.1
Oil Spread
1.4
Stocks Spread
0.7
Forex Trading
An impressive range of around 100 forex pairs are available, more than most other brands. Spreads on major pairs are also tight, from 0.1 pips. Additionally, the broker offers an excellent suite of forex analysis tools, including market news by FXStreet.	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
0.1	N/A
EURUSD Spread
0.0	N/A
EURGBP Spread
0.4	N/A
Assets
97	19
Cryptocurrency
There is a small range of popular crypto tokens paired with fiat currencies available, with zero swap fees and no commissions in the Standard account. Trading is available via desktop or mobile apps, and deposits via crypto are also available in some countries. Exness has also lowered its spreads on Bitcoin, appealing to active traders.	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
Floating	N/A
Coins
BTC LTC ETH XRP BCH SOL SNX UNI BAT DOT XTZ ADA BNB ENJ FIL DOGE COMP THETA AAVE LINK IOST CAKE MATIC HT MANA HBAR INCH	BTC LTC BCH ADA
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	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

Review	Review