Mitrade vs Binary.com

Mitrade vs Binary.com Comparison Table 2024
Mitrade Binary.com
3.5
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

MiTrade is a Australian CFD and forex broker with top-tier regulation from ASIC. The broker offers zero minimum deposit requirement, 24/5 customer support and a sleek proprietary platform. The brand has been recognized with global awards and has gained a client base of over 2.4 million.

Binary.com are the established pioneers of binary options. They are a well-known broker offering 150+ derivative products across a range of popular markets. With over 2.5 million users worldwide, the broker offers options multipliers and CFDs on two powerful trading platforms.

Bonus Offer
$50 welcome bonus
Comment by Reviewer
"Based on my extensive tests, I think MiTrade is a good choice for novice investors looking for hundreds of instruments, educational content and an award-winning bespoke trading platform." "Binary.com (now Deriv) is a great pick for beginners and advanced traders interested in short-term trading with multipliers and leveraged CFDs. The broker is also a leader in synthetic indices which simulate real market movements and are available around the clock."
Pros
  • I think the online education courses, real-time market news and expert analysis resources are extensive and will be useful for both beginners and intermediate traders
  • The intuitive trading terminal and mobile app with in-built technical indicators, custom charting and trend analysis are notable advantages for technical traders
  • I appreciate the zero minimum deposit requirement, plus free deposits and withdrawals and no hidden charges - ideal for traders on a budget
  • I'm pleased to see top-tier regulatory oversight from ASIC with negative balance protection and segregated client funds for some clients
  • I found a decent list of international payment methods including POLi, Skrill, Neteller, wire transfer and credit/debit card
  • Responsive customer support is also available 24/5 including live chat and an online contact form
  • Access to a range of interesting markets, including Deriv's proprietary synthetic indices which are derived from simulated markets
  • Strong global reputation with decades of experience in the trading industry
  • Beginners can practise strategies in the demo account with unlimited virtual funds
  • Instant deposit methods with minimum funding as low as $5
  • Variety of risk management tools including trading limits and self-exclusion protocols
  • Responsive 24/7 customer support via live chat, telephone, email or WhatsApp
  • Sign up for a CFD or Multiplier account in minutes
Cons
  • There is only one choice of platform which I think will put MiTrade at a disadvantage compared to other brands
  • It's disappointing that there are no advanced tools including copy trading and a VPS
  • I'm a little hesitant that global traders will be registering with the offshore entities
  • Limited regulatory oversight
  • DTrader platform only available via web browser
  • Narrow range of instruments vs other brokers
Awards
  • Best Binary Options Broker 2019 - DayTrading.com
Instruments
CFDs, Forex, Stocks CFDs, Forex, Stocks, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$0 $5
Trading Platforms
  • Own
  • MT5
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
ASIC, FSC, CIMA MGA, SC
Margin Trading
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
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, Android
App Review

Deriv GO, previously the Binary.com app, offers an easy-to-use interface and various trading instruments, including 24/7 trading in both standard and unique market-simulating indices. It stands out with its fast and reliable chat support, a rare find among competitor apps, providing essential help for new traders.

Android App Rating
4.5
iOS App Rating
4.2
Auto Trading
Binary.com offer a self build robot feature to design, test and implement automated trading strategies
Copy Trading
No No
Social Trading
No No
Trade Signals
No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • AUD
  • USD
Stock Exchanges
CFD Trading
There's a decent range of 500+ CFD products on a proprietary terminal including forex, stocks, shares and commodities with competitive spreads. I appreciated the 24/5 customer support, market insights and sentiment data to help me make informed CFD trading decisions. Deriv's CFD offering includes 38 forex pairs, 58 stocks, seven indices, 31 crypto pairs and 16 indices, with variable leverage up to 1:30 and tight spreads. The broker also offers CFDs on four synthetic indices, which allow 24/7 trading on customisable levels of volatility, and they are not available elsewhere.
Leverage
1:30 (Retail), 1:250 (Pro) 1:1000
FTSE Spread
3 1 pt var
GBPUSD Spread
1.5 1 pip var
Oil Spread
0.05 3 pips var
Stocks Spread
Variable
Forex Trading
During my tests, I was pleased to uncover 60+ major, minor and exotic currency pairs, such as EUR/USD, AUD/USD and GBP/JPY with a minimum trade size of 0.01 lots and no commission fees. I also noted no hidden fees and free access to market insights.ith leverage through Mitrade's proprietary web-based trading platform. Deriv traders can speculate on 38 major and minor pairs via CFDs on MT4 or 14 majors with the broker's 'multiplier' derivatives via the proprietary trading terminal. This is a decent range of currencies compared to many alternatives.
GBPUSD Spread
1.5 1 pip var
EURUSD Spread
1 0.5 pip var
EURGBP Spread
1.2 1 pip var
Assets
60 45+
Cryptocurrency
Crypto trading not offered Deriv's 31 crypto CFDs are traded in pairs with USD and leverage up to 1:2. Multipliers are available on the BTC/USD and ETH/USD pairs. We like that crypto traders also get access to the powerful MT5 platform.
Spread
BTC 2%, ETH 3%
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector.
Payout
91%
Ladder Options
No Yes
Boundary Options
No Yes
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