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VT Markets vs Binomo

VT Markets vs Binomo Comparison Table 2023
VT Markets Binomo
Review
4
Review
3.4
United States Flag Traders from US not accepted
See available CFD brokers
United States Flag Traders from US not accepted
See available binary options brokers

VT Markets is an Australian multi-asset CFD broker regulated by the ASIC, FSCA, and SVGFSA. With 1000+ tradeable instruments, support for the MetaTrader 4 and MetaTrader 5 platforms, plus powerful charts from TradingView, this broker provides traders with an intuitive way to access diverse markets. Spreads start from 0.0 on the ECN account with very competitive commissions on some instruments, and the commission-free account also has fairly tight spreads starting from 1.2 pips on the EUR/USD pair.

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.

Bonus Offer
50% Welcome Bonus
Promotions

Get Cashback When You Trade With VT Markets
Comment by Reviewer
"VT Markets is a great choice for regular traders who are looking for very tight spreads and powerful trading platform and charting options." "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
  • Copy trading platform with social investing opportunities
  • Top-rated platforms including MetaTrader 4
  • Multiple account currencies for global traders
  • Open an account in less than 5 minutes
  • Competitive spreads and commissions
  • 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 cryptocurrency trading
  • Not overseen by any UK, EU or US regulators
  • Bonus schemes have stringent terms and conditions
  • 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
Awards
  • Best Research House Europe 2022
  • Best Forex Broker Australia 2022
  • Best Forex Customer Service 2022
  • Best Forex Mobile App 2022
  • Most Innovative Online Trading Platform 2022
Instruments
CFDs, Forex, Commodities, Stocks, Indices Fixed Time Trades
Demo Account
Yes Yes
Minimum Deposit
$200 $10
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • TradingCentral
  • Own
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
ASIC, FSCA, SVGFSA
Margin Trading
Yes No
STP Account
Yes No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
Yes 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 No
Mobile Apps
iOS & Android iOS and Android
Auto Trading
Expert Advisors (EAs) on MetaTrader BinomoBot tracks 12 moving and 5 technical indicators and can be set up in than 3 minutes.
Copy Trading
Yes No
Copy Trading Platform
VT Markets offers copy trading via ZuluTrade. The platform also offers intuitive risk management safeguards. The bespoke VTrade platform also offers social investing with 100+ strategy providers.
Social Trading
Yes 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
$0 $30
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
VT Markets offers CFDs on an extensive list of assets including stocks, ETFs, indices and commodities. Traders can access leverage up to 1:500 and trade with liquidity from top-tier providers. CFDs are available on a choice of reliable platforms, including MetaTrader. CFD trading not offered
Leverage
1:500
FTSE Spread
From 40
GBPUSD Spread
0.4 pips
Oil Spread
From 16
Stocks Spread
Variable
Forex Trading
VT Markets offers 40+ forex pairs including majors, minors and exotics with lightning-fast execution, up to 1:500 leverage and spreads starting from 0 available to ECN account holders. 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

VT Markets offers a bespoke app with 230+ assets including forex. Traders benefit from 24/5 customer support, a welcome deposit bonus, real-time market news, and hassle-free account management. The app is available to download to Android and Apple devices.
GBPUSD Spread
0.4 pips N/A
EURUSD Spread
0.4 pips N/A
EURGBP Spread
1.4 pips N/A
Assets
40+ 19
Cryptocurrency
Crypto trading not offered 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
N/A
Coins
  • BTC
  • LTC
  • BCH
  • ADA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered 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
90%
Expiry Times
1 minute - 60 minutes
Ladder Options
No No
Boundary Options
No Yes
Review
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