Binary.com vs FXOpen - Online Brokerage Comparison

Binary.com vs FXOpen | Compare Trading Brokers

Binary.com vs ITRADER Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneMT5, Web Trader, Apps50+MFSA, VFSC
$300MT4, Apps65+FCA, ASIC, FSRC

Binary.com vs FXOpen Comparison

FXOpen is an MT4 ECN broker. Binary.com offers a range of platforms, including MT5 and a web trader and additionally can provide an STP MT5 account.

Binary.com has no minimum deposit to use MT5, while FXOpen has a minimum deposit of $300 to use MT4. Both brokers offer Cryptocurrency CFDs, however on MT5 Binary.com provides 24/7 trading of Cryptocurrency CFDs.

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

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis.

Quick comparison

FXOpen is an ECN MT4 broker, while Binary.com has a range of platforms including MT5 and has no minimum deposit to use MT5.

Minimum deposit and key account features

The minimum deposit to use Binary.com's web trader is $5, but there is no minimum deposit to use MT5. The minimum deposit for FXOpen is $300.

  • 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). The minimum trade size is 0.01 lots.
  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.

Markets

  • 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.
  • FXOpen offers Forex, Commodities, Indices and Cryptocurrencies, with 65+ available.

Cryptocurrency CFDs

  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS and Emercoin.
  • FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS, Emercoin, NEO, Monero, IOTA, Ethereum Classic, Namecoin, Peercoin, and OMNI.

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 Binary.com on MT5 Synthetic Indices is 1000:1. Maximum leverage for FXOpen (FCA regulated) is .

Online trading platforms

Binary.com provides a web trader and MT5. FXOpen offers MT4. Both provide mobile apps.

Why Binary.com or FXOpen ?

Traders who want to trade with an ECN broker on MetaTrader 4 (MT4) may do this at FXOpen. Traders who want to trade on the successor to MT4, MetaTrader 5 (MT5) can find this platform at Binary.com. Binary.com has no minimum deposit to use MT5. FXOpen supports a wide range of trading styles.

Comparison summary

  • Both brokers provide CFD trading
  • FXOpen is an ECN broker
  • Binary.com can offer an STP MT5 account
  • FXOpen provides MT4
  • Binary.com offers MT5
  • Binary.com provides 24/7 trading

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