OlympTrade vs Binomo

Compare OlympTrade and Binomo in this side-by-side table listing each broker’s features, platforms, instruments and much more.

OlympTrade vs Binomo Comparison Table 2024
Feature OlympTrade Binomo
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1.5
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3.4
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Summary

Olymp Trade was established in 2014 and now boasts over 89 million traders. With a presence in over 130 countries and support in 13 languages, the brand offers a stable platform and attractive rewards for new traders. Olymp Trade also offers fixed time trades (FTT) over a diverse range of markets. The brand is licensed offshore by the VFSC.

Olymp Trade offers fixed time trades (FTT) on a diverse but modest range of markets, from OTC currencies to composite indices. FTT commissions are charged between 5%-10% and you can trade with ultra-short time frames from 5 seconds. Payouts are available up to 93% for those who can afford the $2000 'Expert' status deposit.

CFD Trading
You can speculate on a small range of CFDs covering popular asset classes such as forex, indices, commodities, cryptos and ETFs. Whilst prices trail the best brokers, the CFD trading platform is a compelling solution for beginners looking for simplicity, and you can get started with just $10.

Forex Trading
Olymp Trade offers the industry average of around 30 currency pairs. Spreads came in at 1.1 pips for EUR/USD during tests, which is not the most competitive compared to leading brands like AvaTrade (0.9 pips). That said, experienced traders can access multipliers up to x500 on major pairs.

Crypto Trading
Olymp Trade offers a handful of leading cryptos like Bitcoin and Ethereum. The Basic Altcoin Index is also a great addition, offering broader exposure to the currency market for those that don't want to put all their money in one crypto.

Binomo is a beginner-friendly binary options broker that offers trading on forex, stocks and indices via high/low binary options on a simple web-based platform with payouts up to 90% and reliable service. The firm was launched in 2012 and is based offshore.

Binomo offers binary options trading around the clock, including the weekends. You can speculate on the short-term price movements of popular markets, from stocks to currencies. Payouts are competitive climbing to 90% and contracts start from just 1 minute.

Forex Trading
Binomo offers a competitive suit of currencies from majors like EUR/USD to exotics like EUR/MXN. But with contracts spanning 1 minute to 1 hour, the broker is best for short-term forex binary options traders.

Crypto Trading
Binomo offers 24/7 fixed time trades on a few major cryptos, including Bitcoin. However this is significantly less than alternatives like Focus Option which offers more than 80 digital tokens.

Awards
  • Best Mobile Trading Platform - World Finance Awards 2021
  • Best Investment Broker - The Forex Awards 2021
  • Best FX Trading Platform - Forex Expo 2020
Bonus None None
Instruments Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades Fixed Time Trades
Demo Account Yes Yes
Minimum Deposit $10 $10
Minimum Trade $1 $1
Expiry Times 5 seconds - 23 hours 1 minute - 60 minutes
Ladder Binary Options No No
Boundary Binary Options No Yes
Payment Methods
  • Bitcoin Payments
  • Credit Card
  • Debit Card
  • Mastercard
  • Neteller
  • Perfect Money
  • Skrill
  • UnionPay
  • Visa
  • Wire Transfer
  • Cashu
  • Credit Card
  • Doku Wallet
  • JCB Card
  • JetonCash
  • Mastercard
  • Perfect Money
  • Skrill
Regulator VFSC
Mobile Apps Android & Windows iOS and Android
Auto Trading BinomoBot tracks 12 moving and 5 technical indicators and can be set up in than 3 minutes.
Copy Trading No No
Social Trading No No
Margin Trading No No
MetaTrader 4 No No
MetaTrader 5 No No
cTrader No No
AlgoTrader No No
OmniTrader No No
TradingView No No
Autochartist No No
eSignal No No
Trading Central No No
STP Account No No
ECN Account No No
DMA Account No No
MAM Account No No
PAMM Account No No
LAMM Account No No
Demat Account No No
AI / Machine Learning No No
Robo Advisor No No
Negative Balance Protection No No
Market Maker No No
P2P Trading No No
Spot Trading No No
Trade Signals Yes
VPS Hosting No No
Tournaments No No
Demo Competitions No No
Ethical Investing No No
Islamic Account Yes No
Account Currencies USD USD, EUR
Stock Exchanges
  • CAC 40 Index France
  • DAX GER 40 Index
  • FTSE UK Index
  • Hang Seng
  • Japan Exchange Group
  • Nasdaq
  • Russell 2000
  • S&P 500
  • Dow Jones
  • Nasdaq
  • New York Stock Exchange
Commodities
  • Oil
  • Silver
  • Gold
  • Platinum
  • Precious Metals
  • Natural Gas
  • Gold
  • Oil
  • Silver
CFD Trading Yes No
Forex Trading Yes Yes
Forex EURUSD Spread 1.1
Forex Assets 30+ 19
Crypto Trading Yes Yes
Crypto Spread Variable
Crypto Coins
  • ADA
  • AVX
  • BCH
  • BNB
  • BTC
  • DASH
  • DASH
  • DOGE
  • DOT
  • EOS
  • ETH
  • GLM
  • KSM
  • LNK
  • LTC
  • MAT
  • SOL
  • UNI
  • XLM
  • XRP
  • XTZ
  • ADA
  • BCH
  • BTC
  • LTC
Crypto Lending No No
Crypto Mining No No
Crypto Staking No No
Crypto Auto Market Maker No No
rating empty
rating full
1.5
United States Flag
United States NOT accepted
» Visit
rating empty
rating full
3.4
United States Flag
United States NOT accepted
» Visit

FAQ

Is OlympTrade or Binomo better?

We have rated Binomo (67%) higher than OlympTrade (30%), but the overall rating can't be the only determining factor. For example, does OlympTrade accept traders from your country and do they offer the kind of features or trading platforms you prefer? Use the comparison table to see if OlympTrade or Binomo is best for you.