Expert Option vs Binomo comparison

Expert Option vs Binomo

Expert Option vs Binomo Comparison Table 2024
Expert Option Binomo

Expert Option logo

 

3.5

Expert Option is #13 in our binary options broker rankings.

Binomo logo

 

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
  • The broker offers an easy to use, beginner-friendly proprietary trading platform with 4 chart types and social trading features
  • The diverse range of account currencies and 20+ accepted payment methods allow for flexible funding
  • There's a decent range of educational resources, including trading strategies, webinars and platform tutorials
  • The analytical tools for higher-level accounts are a useful addition for experienced day traders
  • High payouts up to 95% are above the industry average
  • There are no deposit and withdrawal fees which is ideal for active traders
  • Minimum deposits are low, starting from $10
  • 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
  • There's a very small list of binary assets with just 100 on offer compared to 1000+ offered by some competitors
  • Expert Option isn't available in several countries, including the EU, Australia and the US
  • The SVGFSA is a weak financial regulator with limited safeguarding measures
  • Very expensive $50 dormancy fee after 3 months of no trading activity
  • The broker doesn't offer any popular leveraged products such as CFDs
  • 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
Instruments
Options, Stocks, Commodities, Forex, Crypto, Futures, Fixed Time Trades
Demo Account
Yes Yes
Minimum Deposit
$10 $10
Trading Platforms
  • Expert Option Web Platform
  • Own
Payment Methods
  • Bitcoin Payments
  • FasaPay
  • Flutterwave
  • M-Pesa
  • Maestro
  • Mastercard
  • Neteller
  • Perfect Money
  • Skrill
  • UnionPay
  • Visa
  • WebMoney
  • Wire Transfer
  • Cashu
  • Credit Card
  • Doku Wallet
  • JCB Card
  • JetonCash
  • Mastercard
  • Perfect Money
  • Skrill
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
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • CZK
  • AED
  • USD
  • EUR
Stock Exchanges
 
  • Dow Jones
  • Nasdaq
  • New York Stock Exchange
Commodities
  • Gold
  • Platinum
  • Silver
  • Gold
  • Oil
  • Silver
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
  • BTC
  • BCH
  • ETH
  • BTC
  • LTC
  • BCH
  • ADA
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

ExpertOption Reviews

April 25, 2024
Overall, I'm satisfied
My experience with ExpertOption broker is not very long. I can go straight to the pros and cons.
April 16, 2024
This company is really very professional
The day before yesterday I made my first withdrawal, today I woke up and the money was already in my account. very fast. You can put a notification when the price is reached, I think they recently added this function. In principle, I plan to continue trading here and do not stop here. I do not like only one thing, why there is no volume indicator? I hope it will be added soon.
April 6, 2024
Expert Option - A Reliable Platform for Trading Success
Having tried several trading platforms, I found Expert Option to be a standout performer. The ease of use, variety of assets, and responsive customer support have made my trading journey exceptionally smooth and profitable. Whether it's stocks, cryptocurrencies, or commodities, Expert Option provides a user-friendly interface and robust security measures that instill confidence in my investments.
April 3, 2024
Overall satisfied
I am very happy that I chose Expert Option for my investment. Working with their platform is a pleasure: everything is clear, straightforward and uncomplicated. The free signals helped me to form my trading strategy, and the variety of indicators allows me to analyse the market from different points of view. The high speed of transaction processing is what makes trading here particularly attractive.
April 2, 2024
All right!
I am impressed with the speed and performance of Expert Option. This platform is perfect for fast and efficient trading. The use of various indicators has greatly improved my results and the intuitive interface makes trading easy. It's also worth noting that the app works perfectly on all my devices, allowing me to trade anytime and anywhere.
April 1, 2024
It's cool.
Expert Option really stands out with its user-friendly and clear interface. As a trader with an average level of experience, I found all the necessary tools for effective trading. I would especially like to mention their free trading signals, which proved to be extremely accurate and useful. The high speed of the platform is also commendable - this is very important in the fast-paced world of trading.
March 29, 2024
Reliable broker
I chose Expert Option and it was the best decision for my investment! The platform is very intuitive, I easily found everything I needed to trade successfully. I am especially happy with the free signals, which help me in my decision making. Also worth noting is the high speed of the service, which is incredibly important in the fast world of trading. Thank you, Expert Option, for your contribution to my trading experience!
March 27, 2024
I liked it
Expert Option has exceeded all my expectations. Their platform is so user friendly and easy to learn that I was able to start trading quickly. The free signals and accurate indicators have greatly improved my trading skills. Thank you so much for your work and continuous improvement of the service!
March 22, 2024
Perspective option
As a newcomer to the world of trading, I think Expert Option is the perfect choice. Their trading interface is clear and easy to use. I would also like to mention the excellent performance of their signals - they are really accurate and have helped me develop my own strategy. I also appreciate the speed and ease with which I can trade on different devices.
March 19, 2024
Delight
I started using Expert Option and was amazed at how easy it is to get started. Their platform is really fast and efficient. The accurate indicators offered on the platform have really helped me improve my results. Thank you for such an easy and effective tool!

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