Binary.com vs XM - Online Brokerage Comparison

Binary.com vs XM | Trading Brokerage Comparison

Binary.com vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneWeb Trader & Apps, MT550+MFSA, VFSC
$5MT4, MT51000+ASIC, CySEC, IFSC

Binary.com vs XM Comparison

Both of these brokers offer trading on MetaTrader 5 (MT5). XM additionally provides MetaTrader 4 (MT4). MT5 is the successor to MT4.

On MT4, XM offers considerably more markets to trade than Binary.com. However Binary.com provides 24/7 trading of Cryptocurrency CFDs on MT5.

Both brokers have a very low minimum deposit ($5 for XM and none for Binary.com), on MT5.

XM offers a Micro (cent type) account, which can provide very low minimum trade sizes.

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

XM is regulated by the CySEC in Cyprus, the ASIC in Australia and the IFSC in Belize.

Quick comparison

Both brokers offer MT5, while XM additionally provides MT4. XM has more markets to trade on MT5. Binary.com offers 24/7 trading.

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 XM is $5.

  • 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.
  • XM CySEC regulated offers three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100. An Islamic account is available for each account type. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. The Micro and Standard accounts differ in terms of order sizes available.
  • XM ASIC regulated offers the XM Ultra Low account instead of the XM Zero account. XM IFSC regulated offers the Micro, Standard and Ultra Low accounts and a Shares account (with real Shares to own). The minimum deposit for the Ultra Low account is $50. The minimum deposit for the Shares account is $10,000.
  • XM offers an economic calendar, a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, trading tools, market outlook and webinars. XM allows EAs, hedging and scalping.

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.
  • XM offers Forex, Commodities, Indices, Cryptocurrencies and Stocks, with 1000+ available on MT5. There are 100+ available on MT4, as it does not offer Stocks or Cryptocurrency CFDs. The XM Zero account has Forex and Precious Metals, with 55+.

Cryptocurrency CFDs

  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS and Emercoin.
  • XM 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 XM (CySEC regulated) is . Maximum leverage for XM (ASIC regulated) is 500:1. Maximum leverage for XM Global (IFSC regulated) is 888:1.

Online trading platforms

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

Why Binary.com or XM ?

Traders wishing to trade on MT5 may do so at either broker. Traders who want to trade on MT4 can find this platform at XM. XM offers a considerably larger number of markets on MT5, including Stocks CFDs. Binary.com provides 24/7 trading of Cryptocurrency CFDs on MT5.

Comparison summary

  • Both brokers offer CFD trading
  • Each provides MT5
  • XM additionally offers MT4
  • XM has considerably more markets to trade on MT5
  • Binary.com provides 24/7 trading on MT5
  • XM offers a lower minimum trade size
  • Binary.com has a lower minimum deposit on MT5 (none vs $5)

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