Binary.com vs FXTM - Online Brokerage Comparison

Binary.com vs FXTM | Trading Brokerage Comparison

Binary.com vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneWeb Trader & Apps, MT550+MFSA, VFSC
$10MT4, MT5250+FCA, CySEC, FSCA, FSC

Binary.com vs FXTM Comparison

Both brokers offer trading on MetaTrader 5 (MT5), the successor to MT4. Each has a similar number of markets on MT5, though overall FXTM has more, as it offers a Shares account.

FXTM has a Cent account which lets the trader trade with very small trade sizes, though Binary.com actually offers a lower minimum deposit to use MT5 (none vs $10).

Binary.com offers 24/7 Cryptocurrency CFD trading on MT5, while FXTM does not offer Cryptocurrency CFDs.

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

FXTM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa.

Quick comparison

These brokers each offer MT5. Binary.com additionally provides MT4. Both have a very low minimum deposit. FXTM offers a lower minimum trade size.

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 FXTM is $10.

  • 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.
  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 lots.

Markets to trade

  • 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.
  • FXTM offers trading in Forex, Commodities, Indices and Stocks, with 250+ available.

Cryptocurrency CFDs

  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Bitcoin Cash, EOS and Emercoin.

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 FXTM (FCA or CySEC regulated) is .

Online trading platforms

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

Why Binary.com or FXTM ?

Traders who want to trade on MT5 may do so at either broker. Traders who want to trade on MT4 can find this platform at FXTM. While each has a similar number of markets of MT5, FXTM can offer more overall as it has a Shares account which offers Stocks CFDs to trade. Traders who want to trade Cryptocurrency CFDs may do so at Binary.com and can indeed trade them 24/7 on the Binary.com Standard CFD account. Both brokers offer STP MT5 accounts.

Comparison summary

  • Each provides CFD trading
  • Both offer MT5
  • FXTM additionally provides MT4
  • Each has a similar number of markets on MT5
  • FXTM has a Shares account, which offers more markets to trade overall
  • Binary.com offers 24/7 trading
  • FXTM has a lower minimum trade size
  • Binary.com has a lower minimum deposit for MT5 (none vs $10)

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