SimpleFX vs BinaryCent

SimpleFX vs BinaryCent Comparison Table 2024
SimpleFX BinaryCent
4.2
3.5

BinaryCent is #7 in our binary options broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

SimpleFX is an offshore forex, CFD and cryptocurrency broker with over 200,000 clients globally. The broker offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi currency accounts.

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.

Bonus Offer
20% - 200% deposit bonus
Comment by Reviewer
"SimpleFX is best for crypto traders looking for staking services and a social trading community to exchange ideas and signals." "Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."
Pros
  • API & VPS support
  • SimpleFX crypto coin
  • Fast customer service
  • Beginner-friendly platform
  • Multi-currency single account
  • Lightning fast Bitcoin payments
  • Community forum to share trading ideas
  • Crypto staking solution with no starting deposit
  • Simple and straightforward proprietary platform for binary options trading
  • Payouts up to 95% are higher than most competitors and increases profit potential
  • Trade binary contracts from $0.10 allowing trading opportunities for all budgets
  • Copy trading and binary options bots are useful for beginner traders
  • Accepts a wide range of funding methods, including cryptos and e-wallets
Cons
  • Weak regulatory oversight
  • No MetaTrader 5 integration
  • Limited non-crypto funding methods
  • Not available to traders based in the US
  • The $250 minimum deposit is higher than most binary options brokers
  • Not overseen by any reputable regulator, raising risks and reducing customer protections
Awards
  • The Best Trading Platform Cryptocurrency, World Expo 2022 - Warsaw
  • Best Mobile App 2020 - Rankia Awards
  • The Best Trading Platform, Finance World Expo 2019 - Zug
  • Best Cryptocurrency Trading Platform, Cryptocurrency World Expo 2018 - Berlin
  • Tech Finance - Journal Award - 2015
  • iFX Expo Asia Award - 2016
Instruments
Forex, indices, shares, commodities, cryptocurrencies CFDs, Forex, Stocks, Cryptos, Options, Commodities
Demo Account
Yes Yes
Minimum Deposit
$0 $250
Trading Platforms
  • MT4
  • Own
Payment Methods
Minimum Trade
0.01 Lots $0.01
Regulator
VFSC
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
Yes No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS, Android + Web Trader 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.

Android App Rating
3
iOS App Rating
3
Auto Trading
Yes 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
Yes Yes
Trade Signals
Yes
VPS Hosting
Yes No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
3%
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
Stock Exchanges
Commodities
CFD Trading
Go long or short on over 170 CFDs with high leverage up to 1:500. The broker's social community is also a great place to pick up CFD strategy tips and trading ideas. 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
1:500 1:500
FTSE Spread
1.3 Floating
GBPUSD Spread
1.2 Floating
Oil Spread
0.03 Floating
Stocks Spread
Variable Floating
Forex Trading
SimpleFX offers a competitive suite of 60 forex pairs with average spreads of 0.9 pips. The charting features are extensive, with convenient mobile and desktop access for all experience levels. 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
1.2 Floating
EURUSD Spread
0.9 Floating
EURGBP Spread
0.9 Floating
Assets
60 25+
Cryptocurrency
SimpleFX offers popular crypto coins including Bitcoin and Ethereum paired with the USD. Traders benefit from feature-rich analysis tools as well as a bespoke staking service where capital can be used for margin trading. 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
From 0.0001 N/A
Coins
  • BTC
  • BHC
  • LTC
  • ETH
  • ETC
  • XRP
  • LNK
  • WAV
  • XTZ
  • YFI
  • ADA
  • DOT
  • EOS
  • NEO
  • BNB
  • XMR
  • ZEC
  • XRP
  • XMR
  • SAN
  • OMG
  • LTC
  • BTC
  • IOT
  • ETH
  • ETC
  • EOS
  • DSH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes 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
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