Videforex vs BinaryCent

Videforex vs BinaryCent Comparison Table 2024
Videforex	BinaryCent
Review 3.4	Review 3

Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.	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.
Customer Reviews
2 Based on 2 Videforex customer reviews
Bonus Offer
20% to 200% Deposit Bonus	20% - 200% deposit bonus
Comment by Reviewer
"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."	"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."
Pros
Videforex allows you to enter positions with just ¢0.01 You can easily mirror the trades of experienced investors with low fees Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent The firm facilitates both day trading and binary options which is great for those looking to diversify their portfolios Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders The support times are fast and reliable based on tests - few brokers offer 24/7 multi-lingual video support Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies	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
No MetaTrader 4 integration The broker isn’t overseen by a trusted regulatory agency US clients aren’t accepted due to legal restrictions	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
Binary Options, CFDs, Forex, Indices, Commodities, Crypto	CFDs, Forex, Stocks, Cryptos, Options, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$250	$250
Trading Platforms
TradingView	Own
Payment Methods
Bitcoin Payments Credit Card Ethereum Payments Mastercard Neteller Perfect Money Skrill Visa	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer
Minimum Trade
$0.01	$0.01
Regulator
	VFSC
Margin Trading
Yes	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
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
Android	iOS, Android
App Review
Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.	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
4.4	3
iOS App Rating
4.1	3
Auto Trading
Yes	Centobot for binary options
Copy Trading
Yes	Yes
Copy Trading Platform
Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.	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
No	No
Tournaments
Yes	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	Yes
Inactivity Fee
$10
Islamic Account
No	No
Account Currencies
USD EUR GBP AUD RUB	USD
Stock Exchanges
Dow Jones FTSE UK Index Hong Kong Stock Exchange IBEX 35 Nasdaq S&P 500 SIX Swiss Exchange	FTSE UK Index Nasdaq
Commodities
Copper Gold Oil	Gold Oil Silver
CFD Trading
Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades.	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
Floating from 0.2	Floating
GBPUSD Spread
Floating from 0.1	Floating
Oil Spread
Floating from 0.05	Floating
Stocks Spread
NA	Floating
Forex Trading
Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout.	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
Floating from 0.1 pips	Floating
EURUSD Spread
Floating from 0.1 pips	Floating
EURGBP Spread
Floating from 0.1 pips	Floating
Assets
35	25+
Cryptocurrency
Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available.	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
Floating	N/A
Coins
BTC ETH QUANT UNI SOL BNB DOGE XRP XMR MATIC USDT	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
Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.	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
98%	95%
Expiry Times
5 seconds - 1 month	5 seconds - 30 days
Ladder Options
No	No
Boundary Options
No	Yes

Review	Review
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