IIFL vs BinaryCent

IIFL vs BinaryCent Comparison Table 2023
IIFL BinaryCent
WINNER
BinaryCent is the better broker
Not Yet Rated

IIFL is #35 in our broker rankings.

3.5

BinaryCent is #9 in our binary options broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

IIFL is one of the top Indian brokers offering competitive Demat accounts with low fees.

Deposit and trade with a Bitcoin funded account. BinaryCent offers binary options, FX and CFD trading. 1:100 leverage is also available.

Awards
  • Tech Finance - Journal Award - 2015
  • iFX Expo Asia Award - 2016
Bonus
Gift vouchers worth up to ₹5000 20% - 100% deposit bonus
Instruments
Stocks, Futures, Options, Forex Stocks, Options, CFD, Forex, Crypto, Binary Options
Demo Account
No Yes
Minimum Deposit
1000 Rs $250
Payment Methods
Minimum Trade
$.10
Regulator
SEBI VFSC
Margin Trading
Yes Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
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
Yes 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
Yes Yes
Mobile Apps
IIFL Markets & IIFL Mutual Funds iOS, Android
Auto Trading
Centobot for binary options
Copy Trading
No Yes
Copy Trading Platform
The copy trading tool is available for all account types, including the lowest - Bronze
Social Trading
No No
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • INR
  • USD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered You can take positions on a range of popular trading markets
Leverage
1:100
FTSE Spread
Floating
GBPUSD Spread<
Floating
Oil Spread
Floating
Stocks Spread
Floating
Forex Trading
IIFL offers forex trading on a range of pairs with the Indian Rupee (INR). You can trade forex on BinaryCent with leverage up to 1:100
GBPUSD Spread
Not offered Floating
EURUSD Spread
Not offered Floating
EURGBP Spread
Not offered Floating
Assets
20+ 25+
Cryptocurrency
Crypto trading not offered BinaryCent offers trading on a decent list of cryptocurrencies. The broker also accepts crypto deposits and withdrawals.
Spread
N/A
Coins
  • ZEC
  • XRP
  • XMR
  • SAN
  • OMG
  • LTC
  • BTC
  • IOT
  • ETH
  • ETC
  • EOS
  • DSH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered BinaryCent offers welcome deposit bonuses and high payouts up to 95%. Traders can get started with a straightforward joining form.
Payout
95%
Expiry Times
1 minute - 30 days
Ladder Options
No No
Boundary Options
No Yes
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