Nadex vs Binomo

Nadex vs Binomo Comparison Table 2023
Nadex	Binomo
Review 4.3 Nadex is #10 in our binary options broker rankings.	Review 3.4
Traders from US accepted	Traders from US not accepted See available binary options brokers
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
Free demo account for new users US regulated exchange with excellent trust score Proprietary mobile app with good range of indicators and charting tools Extensive educational resources for those new to binary options trading A range of timeframes that will suit both short and longer term strategies	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
No MT4 or MT5 platform integration No welcome bonuses or financial incentives Narrow selection of cryptocurrencies to trade Products and tools are more advanced than some alternatives	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
Instruments
Binary Options, Knock Outs™, Call Spreads	Fixed Time Trades
Demo Account
Yes	Yes
Minimum Deposit
$250	$10
Trading Platforms
Own	Own
Payment Methods
ACH Transfer Cheque Debit Card Mastercard Visa Wire Transfer	Cashu Credit Card Doku Wallet JCB Card Mastercard Perfect Money Skrill
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
USD	USD EUR
Stock Exchanges
DAX GER 40 Index Dow Jones FTSE UK Index Japan Exchange Group Nasdaq S&P 500 Shenzhen Stock Exchange	Dow Jones Nasdaq New York Stock Exchange
Commodities
Gold Natural Gas Oil Silver	Gold Oil Silver
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.
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
BTC ETH	BTC LTC BCH ADA
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

Review	Review
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