Binary.com vs UFX - Trading Brokerage Comparison

Binary.com vs UFX | Online Brokerage Comparison

Binary.com vs UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneMT5, Web Trader, Apps50+MFSA, VFSC
$100MT5, ParagonEx Web Trader, Apps450+CySEC

Binary.com vs UFX Comparison

Binary.com offers trading on its web trader and MetaTrader 5 (MT5). UFX provides trading on the ParagonEx web trader and MT5. Binary.com has no minimum deposit to use MT5, while UFX has a minimum deposit of $5000 to use MT5.

UFX offers a crowd trading news feed on ParagonEx, which has market news referenced to the actions and sentiments of the crowd of traders. Binary.com offers 24/7 trading on its platforms. Overall, UFX has more markets to trade.

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

UFX is regulated by the CySEC in Cyprus.

Quick comparison

Both brokers offer web traders and MT5. Binary.com has a lower minimum deposit (none for 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 UFX is $100, while the minimum deposit to use MT5 is $5000.

  • 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.
  • UFX provides CFD trading on six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5. Trading Central is available for traders who deposit at least $1000 into their account. At UFX there is a one minute minimum time after a position has been opened until it can be closed.

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.
  • UFX offers CFD trading in Forex, Commodities, Indices, Stocks and ETFs, with 450+ available.

Cryptocurrency CFDs

  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, 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 Binary.com on MT5 Synthetic Indices is 1000:1. Maximum leverage for UFX (CySEC regulated) is .

Online trading platforms

Binary.com provides a web trader and MT5. UFX offers the ParagonEx web trader and MT5. Both provide mobile apps.

Why Binary.com or UFX ?

Traders who want to trade on MT5 may do so at either broker, however Binary.com has no minimum deposit for this platform, while UFX has a minimum deposit of $5000 to use MT5. For its ParagonEx platform, UFX's minimum deposit is $100. At UFX traders can augment their analysis with the ideas and actions of the crowd on ParagonEx. At Binary.com, traders may trade on markets 24/7.

Comparison summary

  • Both brokers provide CFD trading
  • UFX offers ParagonEx
  • Binary.com provides a web trader
  • Both offer MT5
  • UFX has a crowd trading news feed on ParagonEx
  • Binary.com offers 24/7 trading

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