TIO Markets vs BinaryCent

TIO Markets vs BinaryCent Comparison Table 2024
TIO Markets	BinaryCent
Review 2.9	Review 3

TIO Markets is a global forex and CFD brokerage with both an offshore and UK-regulated branch. The broker has a strong customer focus, with 24/7 telephone and live chat customer service. Traders can access a range of accounts with competitive spreads from 0.4 pips.	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
"After spending some time exploring the accounts, I think TIO Markets is best suited to experienced traders who can deposit at least $1000 to take advantage of the competitive trading conditions available with the VIP accounts. Nonetheless, it would be nice to see a more diverse range of assets on offer in my opinion."	"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."
Pros
I have found fees to be pretty competitive with TIO Markets, averaging as low as 0.2 pips for GBP/USD on the VIP account The company's 24/7 customer service availability is in line with some of the top brokerages that I have reviewed Another major advantage for me is the free access to Trading Central, an excellent charting and analysis tool TIO Markets offers access to the powerful MT4 and MT5 platforms with market-leading analysis tools UK clients will be happy to find that spread betting opportunities are supported by TIO Markets I'm also pleased to see top-tier FCA regulation through the company's UK branch	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
Most traders will be registering with the global branch, which is regulated offshore and will not offer any robust fund safeguarding measures Leverage rates with the UK branch are limited to a maximum of 1:30, which may feel restricting for experienced traders Compared to major competitors, TIO Markets' educational resources are notably limited	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
	Tech Finance - Journal Award - 2015 iFX Expo Asia Award - 2016
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies	CFDs, Forex, Stocks, Cryptos, Options, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$50	$250
Trading Platforms
MT4 MT5	Own
Payment Methods
Credit Card Neteller Skrill Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer
Minimum Trade
0.01 Lots	$0.01
Regulator
FCA	VFSC
Margin Trading
No	Yes
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	Yes
Mobile Apps
Yes	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
No	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
	USD
Stock Exchanges
	FTSE UK Index Nasdaq
Commodities
Gold Natural Gas Oil Silver	Gold Oil Silver
CFD Trading
Unfortunately, I do feel that the broker's mediocre range of 300 CFDs will be quite restricting for most traders. It certainly doesn't compare to many other brands I review. Plus, the absence of crypto, ETF and soft commodity CFDs is a further setback.	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
1:200	1:500
FTSE Spread
20	Floating
GBPUSD Spread
0.8	Floating
Oil Spread
0.02	Floating
Stocks Spread
Variable	Floating
Forex Trading
My tests uncovered an average selection of 46 forex pairs, including major, minor and exotic currency combinations. That said, access to both the MT4 and MT5 platforms is a major bonus for forex strategists looking for market-leading software.	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
0.8	Floating
EURUSD Spread
0.4	Floating
EURGBP Spread
0.6	Floating
Assets
45+	25+
Cryptocurrency
Crypto trading not offered	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
	N/A
Coins
	ZEC XRP XMR SAN OMG LTC BTC IOT ETH ETC EOS DSH
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

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