Your capital is at risk. Trade only with funds you can afford to lose.
FXTM
#70 in our CFD broker rankings
Accepts traders from NI
Rating breakdown
- Regulation & trust3.61.1 higher than Binomo (2.5)
- Assets & markets3.50.7 higher than Binomo (2.8)
- Fees & costs3.50.7 higher than Binomo (2.8)
- Platforms & tools3.0same as Binomo (3.0)
- Accounts & banking3.80.8 higher than Binomo (3.0)
- Education3.80.3 higher than Binomo (3.5)
- Research3.81.8 higher than Binomo (2.0)
- Customer support3.30.5 higher than Binomo (2.8)
Binomo’s score. Numbers show the difference.
Binomo
#16 in our binary options broker rankings
Accepts traders from NI
Rating breakdown
- Regulation & trust2.51.1 lower than FXTM (3.6)
- Assets & markets2.80.7 lower than FXTM (3.5)
- Fees & costs2.80.7 lower than FXTM (3.5)
- Platforms & tools3.0same as FXTM (3.0)
- Accounts & banking3.00.8 lower than FXTM (3.8)
- Education3.50.3 lower than FXTM (3.8)
- Research2.01.8 lower than FXTM (3.8)
- Customer support2.80.5 lower than FXTM (3.3)
FXTM’s score. Numbers show the difference.
| FXTM | Binomo | |
|---|---|---|
| Overview | FXTM is a forex and CFD broker established in 2011 and operating across four continents. The company is secure and regulated by trusted authorities, including the CMA in UAE. Offering 1,000+ markets and three account types, they cater to all levels of trader. | Binomo is a binary options broker that offers trading on forex, stocks and indices via high/low contracts on a simple web-based platform with payouts up to 90% and reliable service. The firm was launched in 2014 and is based offshore. |
| Customer Reviews | Based on 1 customer reviews | – |
| Bonus Offer | 30% up to $100 via Exinity Ltd | – |
| Comment by Reviewer | “FXTM is ideal for experienced day traders with account options designed for short-term strategies, even winning DayTrading.com's 'Best ECN Account' award, alongside tight spreads that have been reduced and VPS support for algorithmic trading. ” | “Binomo is a strong choice for active traders interested in making short-term binary trades, of up to 1 hour, on popular markets. With over 100+ payment methods from various regions, a $10 minimum deposit, plus a free demo account, it’s a good fit for traders with less starting capital.” |
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| Instruments | CFDs, Forex, Commodities, Indices, Stocks, Crypto | Fixed Time Trades |
| Demo Account | Yes | Yes |
| Minimum Deposit | $200 | $10 |
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| Payment Methods | ||
| Minimum Trade | 0.01 Lots | $1 |
| Regulator | FSC, CMA-Kenya, CMA-UAE | – |
| Margin Trading | Yes | No |
| STP Account | Yes | No |
| ECN Account | Yes | No |
| DMA Account | No | No |
| MAM Account | Yes | No |
| PAMM Account | Yes | 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 | Yes | No |
| P2P Trading | No | No |
| Spot Trading | Yes | No |
| Mobile Apps | iOS & Android | iOS & Android (plus APK) |
| App Review | FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the broker also supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today. | 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 | ||
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| Auto Trading | Expert Advisors (EAs) on MetaTrader | – |
| Copy Trading | No | Yes |
| Social Trading | No | No |
| Trade Signals | Yes | Yes |
| VPS Hosting | Yes | No |
| Tournaments | No | Yes |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $10 | $30 |
| Islamic Account | Yes | No |
| Account Currencies |
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| Commodities | ||
| CFD Trading | ||
| Overview | FXTM’s CFD offering spans 600+ forex, stocks, commodities and indices, plus crypto (location dependent), with spreads lowered in recent years. Advanced traders can also get industry-topping leverage up to 1:3000 through Exinity Ltd, amplifying results but necessitating strict risk management. | CFD trading not offered |
| Leverage | 1:3000 | – |
| FTSE Spread | 0.8 | – |
| GBPUSD Spread | 0.1 | – |
| Oil Spread | 5.0 | – |
| Stocks Spread | 0.1 | – |
| Forex Trading | ||
| Overview | FXTM stands out with a strong selection of over 60 currency pairs, surpassing many competitors like AvaTrade. It also stands out with its six currency indices for traders aiming to diversify their forex portfolios, while the ECN account offers ultra-competitive spreads starting at 0 pips on majors, along with low commissions of just $3.50 per lot. | 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 | 0.0 | N/A |
| Assets | 60+ | 19 |
| Currency Indices |
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| Cryptocurrency | ||
| Overview | Trade cryptocurrency CFDs on 11 popular digital tokens, including Bitcoin, Avalanche, and Dogecoin. Enjoy competitive floating spreads and accessible minimum lot sizes starting at just 0.01, perfect for aspiring crypto traders and experienced investors. | 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 | Variable | N/A |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | 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% (99% via Dynamic Range Trading for VIPs) |
| Expiry Times | – | 1 minute - 60 minutes |
| Ladder Options | No | No |
| Boundary Options | No | Yes |