Saxo Bank vs BinaryCent
Saxo Bank | BinaryCent |
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4
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3
BinaryCent is #7 in our binary options broker rankings. |
Traders from US not accepted
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Traders from US accepted |
Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC. |
BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500. |
66% of retail accounts lose money. | |
Customer Reviews | |
4
Based on 1 Saxo Bank customer reviews
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Bonus Offer | |
20% - 200% deposit bonus | |
Comment by Reviewer | |
"Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders." | "Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | CFDs, Forex, Stocks, Cryptos, Options, Commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$250 | |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
Vary by asset | $0.01 |
Regulator | |
DFSA, MAS, FCA, SFC | VFSC |
Margin Trading | |
No | Yes |
STP Account | |
No | No |
ECN Account | |
Yes | 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 | |
Yes | Yes |
Mobile Apps | |
SaxoTraderGo (iOS, Android, Windows) | iOS, Android |
App Review | |
BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience. |
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Android App Rating | |
3 |
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iOS App Rating | |
3 |
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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. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant. | |
Social Trading | |
No | Yes |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
No | Yes |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | Yes |
Islamic Account | |
Yes | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. | You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app. |
Leverage | |
1:30 | 1:500 |
FTSE Spread | |
1.2 pts (Variable) | Floating |
GBPUSD Spread | |
0.7 (var) | Floating |
Oil Spread | |
0.03 | Floating |
Stocks Spread | |
0.10% (subject to min commission) | Floating |
Forex Trading | |
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. | Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range. |
GBPUSD Spread | |
0.7 (varies by region) | Floating |
EURUSD Spread | |
0.2 (varies by region) | Floating |
EURGBP Spread | |
0.6 (varies by region) | Floating |
Assets | |
40+ | 25+ |
Cryptocurrency | |
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. | BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies. |
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 | |
Binary options trading not offered | BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities. |
Payout | |
95% | |
Expiry Times | |
5 seconds - 30 days | |
Ladder Options | |
No | No |
Boundary Options | |
No | Yes |
66% of retail accounts lose money. | |
More Comparisons | |
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