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Expert Option vs Binomo comparison
Expert Option vs Binomo
| Expert Option | Binomo |
|---|---|
|
3.5 Expert Option is #13 in our binary options broker rankings. |
3.4 |
|
Expert Option is an offshore broker that offers a simple and intuitive trading experience through a bespoke, user-friendly platform. Short-term traders can access 100 popular assets via binary options contracts with payouts up to 95%, free educational resources, and market data available to upper-tier account holders. |
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. |
| Customer Reviews | |
|
5 Based on 12 Expert Option customer reviews |
|
| Bonus Offer | |
| 100% deposit bonus | |
| Comment by Reviewer | |
| "Expert Option will suit aspiring traders who want to access the financial markets through an options broker with a very easy-to-learn bespoke platform. The user-friendly day trading platform is clear and reliable." | "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 | |
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| Cons | |
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| Instruments | |
| Options, Stocks, Commodities, Forex, Crypto, Futures, | Fixed Time Trades |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $10 |
| Trading Platforms | |
|
|
| Payment Methods | |
|
|
| Minimum Trade | |
| $1 | $1 |
| Regulator | |
| SVGFSA | |
| Margin Trading | |
| No | No |
| 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 | No |
| Mobile Apps | |
| iOS & Android | iOS and Android |
| App Review | |
|
Expert Option has an unusual mobile trading offering in that it balances education with trading, potentially serving new traders. However, our tests reveal very basic quizzes and learning materials that barely scratch the surface of binaries. The ‘Tap Game’ is also gimmicky and does little to serve serious traders. |
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 | |
|
4.2 |
4.7 |
| iOS App Rating | |
|
2.5 |
4.6 |
| Auto Trading | |
| ExpertBot | BinomoBot tracks 12 moving and 5 technical indicators and can be set up in than 3 minutes. |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| You can study and copy the positions of established VIPs to increase potential returns. Users can find master traders based on asset class and historic returns. A useful leaderboard is available to social traders. | |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Only for Platinum and Exclusive accounts | 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 | |
| $50 | $30 |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Stock Exchanges | |
|
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| Commodities | |
|
|
| Forex Trading | |
| Expert Option traders can access some of the most popular forex pairs including USD/EUR, GBP/USD and GBP/EUR using binary options contracts that payout up to 95%, well above the industry average of around 85%. | 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. |
| GBPUSD Spread | |
| Variable | N/A |
| EURUSD Spread | |
| Variable | N/A |
| EURGBP Spread | |
| Variable | N/A |
| Assets | |
| 6 | 19 |
| Cryptocurrency | |
| Traders can speculate on Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) price movements using high/low binary options on a proprietary platform. These are three of the most popular cryptocurrencies on the market, but the offering lacks the variety and volatility offered by less popular tokens. | 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 | |
| $5 on any winning trades | N/A |
| Coins | |
|
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| Expert Option is a well-known binary options broker providing access to 100 assets with a $5 charge on winning trades. Payouts are competitive and users can speculate on rising or falling prices with one-click in the web-accessible platform. Binaries are aimed at ultra-short-term traders, ranging from 60 seconds to 5 minutes. | 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 | |
| 95% | 90% |
| Expiry Times | |
| 60 seconds - 5 minutes | 1 minute - 60 minutes |
| Ladder Options | |
| No | No |
| Boundary Options | |
| Yes | Yes |
