Binary.com vs FOREX.com - Online Brokerage Comparison

Binary.com vs FOREX.com | Compare Trading Brokers

Binary.com vs FOREX.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneMT5, Web Trader, Apps50+MFSA, VFSC
$50MT4, Advanced Trading Platform, Web Trader, Apps300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA

Binary.com vs FOREX.com Comparison

FOREX.com offers MetaTrader 4 (MT4), its Advanced Trading Platform and a user friendly web trader. Binary.com provides a range of trading platforms including MetaTrader 5 (MT5) and a web trader.

FOREX.com can offer more markets to trade than Binary.com, although Binary.com does provide 24/7 trading of Cryptocurrency CFDs on MT5. Binary.com has no minimum deposit requirement for MT5, while FOREX.com offer a relatively low minimum deposit of $50 for its platforms.

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

FOREX.com is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan.

Quick comparison

Binary.com's platforms include MT5 and a web trader. FOREX.com's offers MT4, its Web Trader and its downloaded Advanced Trading Platform.

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 FOREX.com is $50.

  • 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.
  • FOREX.com has an economic calendar, market research and a news feed on its platforms, offers Autochartist and Trading Central and has a trader education course on its website. The minimum trade size is 0.01 lots.

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.
  • On MT4, FOREX.com offers Forex, Commodities and Indices, with 110+ available.
  • On the Advanced Trading Platform, FOREX.com offers Forex, Commodities, Indices, Cryptocurrencies and Stocks, with 300+ available.

Cryptocurrency CFDs

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

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 FOREX.com (FCA regulated) is .

Online trading platforms

Binary.com provides a web trader and MT5. FOREX.com offers MT4, the Advanced Trading Platform and its Web Trader. Both provide mobile apps.

Why Binary.com or FOREX.com ?

Traders who want to trade on a range of platforms covering MT4, a downloaded Advanced Trading Platform and a user friendly web trader can do so at FOREX.com. Traders who wish to trading on platforms including MT5 and a web trader, may do so at Binary.com. Traders who want to trade markets 24/7 can do so at Binary.com.

Comparison summary

  • Both brokers offer CFD trading
  • FOREX.com provides MT4
  • Binary.com offers MT5
  • Both provide web traders
  • FOREX.com has more markets to trade
  • Binary.com offers 24/7 trading

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