24Option vs Binary.com - Trading Brokers Comparison

24Option vs Binary.com | Online Brokerage Comparison

24Option vs Binary.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$250MT4, Web Trader, Apps250+CySEC, IFSC
NoneMT5, Web Trader, Apps50+MFSA, VFSC

24Option vs Binary.com Comparison

These brokers each offer user friendly web traders and the MetaTrader platform, MetaTrader 4 (MT4) in the case of 24Option and the successor to MT4, MetaTrader 5 (MT5) in the case of Binary.com.

Each broker offers Cryptocurrency CFD trading, although Binary.com provides 24/7 Cryptocurrency CFD trading on MT5.

Binary.com has a lower minimum deposit, which is none to use MT5, versus $250 to trade at 24Option.

24Option is regulated by the CySEC in Cyprus and the IFSC in Belize.

Binary.com is regulated by a range of bodies including the MFSA in Malta and the VFSC in Vanuatu.

Quick comparison

24Option provides MT4 while Binary.com offers MT5. Binary.com has a lower minimum deposit.

Minimum deposit and key account features

The minimum deposit for 24Option is $250. The minimum deposit to use Binary.com's web trader is $5, but there is no minimum deposit to use MT5.

  • 24Option offers a Basic account, a Gold account, a Platinum account and a VIP account. The minimum deposit for Basic is $250, the minimum deposit for Gold is $5000, the minimum deposit for Platinum is $10,000 and the minimum deposit for VIP is $50,000. The higher account types have lower spreads and extra features. 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • Binary.com offers a range of features on its website including webinars, an Economic Calendar and TradingView. When the trader has opened their account they gain access to the SmartTrader platform and can then open MT5 accounts. These accounts can include a Standard account, an Advanced STP account and a Synthetic Indices account (different accounts can be available in different countries).

Markets to trade

  • 24Option offers Forex, Commodities, Indices, Cryptocurrencies, Stocks and Soft Commodities, with 250+ available.
  • Binary.com offers trading on MT5 in Forex, Commodities, Indices and Cryptocurrencies, with 50+ available. It also offers 24/7 trading in simulated markets. The markets available can vary in different countries.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Monero, Stellar, Ethereum Classic and Bitcoin Gold.
  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Bitcoin Cash, Emercoin and EOS.

Leverage

Maximum leverage for Binary.com on CFDs on MT5 (MFSA regulated) is . Maximum leverage for Binary.com (VFSC regulated) on CFDs on MT5 is 100:1. Maximum leverage for 24Option (CySEC regulated) is .

Online trading platforms

Binary.com offers its SmartTrader web trader and MT5. 24Option provides its web trader and MT4. Both brokers offer mobile apps.

Why 24Option or Binary.com ?

Traders who want to trade a range of CFD markets on a user friendly web trader may do so at 24Option. Traders who want to trade CFD markets on MT5 may do so at Binary.com. Traders who want to trade CFD markets on MT4 can do this at 24Option. Binary.com has no minimum deposit to use MT5. Traders who want to trade markets 24/7 may do so at Binary.com on its trading platforms.

Comparison summary

  • Both brokers offer CFD trading
  • Both brokers have user friendly web traders
  • 24Option offers MT4
  • Binary.com provides MT5
  • Binary.com has a lower minimum deposit (none for MT5)
  • 24Option offers Stocks CFD trading
  • Both provide Cryptocurrency CFD trading
  • Binary.com can offer 24/7 Cryptocurrency CFD trading on MT5

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