Nadex vs Binomo
Nadex | Binomo |
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4.3
Nadex is #10 in our binary options broker rankings. |
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3.4
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Nadex is a renowned exchange and binary options provider, based in the US. The company is fully regulated by the CFTC and offers options, call spreads and Knock Out contracts. Nadex also has just a $1 entry or exit fee and a user-friendly platform and proprietary app. |
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. |
Comment by Reviewer | |
"Users looking to trade short-term binary options with a US-regulated broker will find a good platform in Nadex." | "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 | |
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Cons | |
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Instruments | |
Binary Options, Knock Outs™, Call Spreads | Fixed Time Trades |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$250 | $10 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$1 | $1 |
Regulator | |
CFTC | |
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 | |
NadexGO | iOS and Android |
Auto Trading | |
Yes | BinomoBot tracks 12 moving and 5 technical indicators and can be set up in than 3 minutes. |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | Yes |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$10 | $30 |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
Forex Trading | |
Speculate on 11 popular currency pairs via Knock Out contracts, call spreads and binary options. Nadex offers a wider range of timeframes than most binary options brokers, with contracts spanning from intraday to weekly. | 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. |
Forex App | |
NadexGO allows trading whenever, wherever, and however traders want. Specializing in short term trading, the mobile app needs to offer quick response times, and certainly delivers. It is also reliable and secure, ensuring traders can trade with confidence on the move. NadexGo is a rock solid trading app. |
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GBPUSD Spread | |
0.25 pips Var | N/A |
EURUSD Spread | |
0.25 pips Var | N/A |
EURGBP Spread | |
0.25 pips Var | N/A |
Assets | |
11 | 19 |
Cryptocurrency | |
Nadex offers a limited list of cryptos with just Bitcoin and Ethereum. Traders can go long or short though with straightforward binary options contracts that mean you don't need to own the underlying token. | 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 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Nadex offers real-time market action with short-term binary options trading. The range of markets is strong with just a $1 fixed fee per side, per contract. Nadex also offers ultra-short term binaries that expire after 5 seconds. | 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 | |
Exchange (See Full Review)% | 90% |
Expiry Times | |
5 seconds - 1 week | 1 minute - 60 minutes |
Ladder Options | |
No | No |
Boundary Options | |
Yes | Yes |
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