XTB vs Binomo

XTB vs Binomo Comparison Table 2024
XTB Binomo
4.8
3.4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

XTB is one of the largest stock exchange-listed forex and CFD brokers in the world, offering access to over 5800 day trading markets on their xStation platform. They boast 700,000 active traders, 20 years experience and authorization from tier-one regulators, including the UK's FCA.

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.

81% of retail accounts lose money.
Customer Reviews
4.5
Comment by Reviewer
"XTB is a great option for beginners with a user-friendly platform, no minimum deposit and low short-term trading fees. The free education center is also a bonus, as well as the straightforward account opening process." "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
  • There's a wide range of useful educational resources for beginners, including platform tutorials and forex guides
  • Reliable 24/5 support is available, including a friendly live chat which responds within 2 minutes during testing
  • Day traders and stock investors can access a huge range of 5800+ markets via CFDs and real stocks
  • The broker is FCA, KNF, CySEC, and IFSC-regulated and has been in operation for over 20 years
  • XTB has introduced Investment Plans with passive investing opportunities for hands-off traders
  • High-volume traders who trade over 15 lots per month can access cashback rebates
  • The broker offers same-day withdrawals if requested before 1pm
  • The UK branch pays interest up to 5% on uninvested balances
  • 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
  • The broker's single platform offering is very limiting compared to the multiple terminals offered by many competitors
  • There are no third-party research tools available, such as AutoChartist or Trading Central
  • Withdrawals below $50 incur a $30 fee at the international entity
  • 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 Forex Broker for Beginners 2022
  • Best Customer Service 2021
  • Best Forex Broker for Low Costs 2021
  • Best Mobile App for Investing 2020
  • #1 EMEA Bloomberg spot for FX accuracy in Q2 of 2020 and Q3 of 2018
  • Best Polish Forex Broker 2019
  • Best Execution Broker 2019
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto Fixed Time Trades
Demo Account
Yes Yes
Minimum Deposit
$0 $10
Trading Platforms
  • xStation
  • Own
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
FCA, CySEC, IFSC, KNF, DFSA
Margin Trading
Yes No
Margin Rate
4.5%
STP Account
Yes 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 No
Mobile Apps
iOS & Android iOS and Android
App Review

Year after year XTB’s app stands out for its slick design and uncluttered interface that we love. It’s quick, responsive and packed with useful features, notably integrated sentiment data, market news, economic calendars and education. The user-friendly order panel underneath the trading chart also makes placing trades, including adding take profit and stop loss levels, really straightforward.

The Binomo app distinguishes itself by offering a comprehensive toolkit, including a risk-free demo account and over 30 analytical tools for technical analysis, ensuring newcomers and seasoned traders can confidently navigate the markets. Moreover, its diverse asset offerings across various markets, coupled with the opportunity to leverage CFDs provides a range of opportunties, all while having access to 24/7 support.

Android App Rating
4.3
4.7
iOS App Rating
4.7
4.6
Auto Trading
Open API BinomoBot tracks 12 moving and 5 technical indicators and can be set up in than 3 minutes.
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
$0 $30
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
There's a large suite of 2100 CFDs available to trade on a proprietary trading terminal. You can diversify across forex, indices, commodities, cryptos, stocks and ETFs. There are also plenty of CFD trading resources and tutorials available from the broker's education section. CFD trading not offered
Leverage
1:500
FTSE Spread
0.08%
GBPUSD Spread
0.1
Oil Spread
0.03
Stocks Spread
0.2%
Forex Trading
XTB offers 48 currency pairs with low spreads from 0.1 pips and leverage up to 1:30 (EU) and 1:500 (Global). Additionally, you can access 34 technical indicators in the proprietary xStation 5 platform, alongside multiple order types including Trailing Stop. 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

With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here.

GBPUSD Spread
0.1 N/A
EURUSD Spread
0.2 N/A
EURGBP Spread
0.1 N/A
Assets
45+ 19
Cryptocurrency
XTB offers an excellent range of 46 crypto markets, all with competitive spreads from 0.22% on BTC and leverage up to 1:5. They also offer intra-crypto pairs such as ETH/BTC and DSH/BTC. Cryptos can be traded 24/7 in a secure environment with transparent accounts. 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
From 0.22% N/A
Coins
  • ADA
  • BTC
  • BCH
  • DSH
  • EOS
  • ETH
  • IOTA
  • LTC
  • NEO
  • XRP
  • XLM
  • TRX
  • XEM
  • XLM
  • XMR
  • DOGE
  • BNB
  • LINK
  • UNI
  • DOT
  • XTZ
  • 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
81% of retail accounts lose money.
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