Alvexo vs. Binomo Comparison

This comparison guide helps users who struggle to pick between Alvexo and Binomo to locate the most effective online broker for their trading and financial investment requirements. It assesses the highlights of the two brokers alongside to help customers compare their solution and make a notified choice.

To aid individuals pick the right broker between Alvexo and Binomo to locate the best-suited platform, listed below is a checklist of broker’s benefits and drawbacks, followed by a contrast of their primary trading features, including trading systems & tools, fees, mobile trading, deposit & withdrawal, properties, guideline, and client assistance.

Alvexo vs. Binomo: Summary

alvexo-logo

Alvexo is a forex and CFD broker based in the Seychelles. It is licensed by the ​​CySEC and is considered safe. Alvexo offers users access to 58 forex pairs and over 450 CFDs on shares, commodities, indices, and cryptocurrencies. Users can choose between three different platforms: a web based proprietary platforms and app and MT4 integration.

Alvexo trading fees are industry average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 0,14 pips on EUR/USD and no commission on CFD trades. The broker charges an inactivity fees of $10 per month after 3 months of inactivity.

Alvexo’s customer support is available through email (support@alvexo.com), phone (+24825030482), and live chat in Arabic and English.

Binomo-logo

Binomo is a binary options broker founded in 2014. It is not regulated and, therefore, not considered a safe broker. Their platform allows users to trade binary options on 60+ assets, including stocks, indices, commodities, and cryptocurrencies.

Binomo pays out up to 90% profit margin on correct predictions. The broker charges an inactivity fee of $10 after 30 days of inactivity.

Binomo’s customer support is available in Arabic and English via email (support@binomo.com).

Pros

  • Access to over 58 forex pairs and 450 CFDs
  • Competitive spreads from 0.1 pips EUR/USD (Elite account)
  • Intuitively designed mobile trading app and desktop trading platforms
  • MetaTrader 4 integration

Cons

  • High minimum deposit ($500)
  • Trading signals aren’t as accurate as other signal providers
  • MetaTrader 5 and Expert Advisors not supported

Pros

  • Low minimum deposit ($10)
  • No hidden commissions or fees
  • High payouts of up to 90%
  • Multiple account types and bonuses
  • Cashback bonus for VIP members
  • Customer support in Arabic

Cons

  • Minimal trading platform compared to other brokers
  • Lengthy account verification procedure
  • Lacks education and research tools

Key features

  • Access to 450 tradable symbols
  • MT4 Compatibility
  • Access to trading signals, trading strategies, and daily market analysis
  • Cryptocurrency trading
  • CySEC and FSA-regulated
  • Competitive spreads from 0.1 pips EUR/USD (Elite account)

Key features

  • Access to over 60+ binary options
  • Beginner-friendly user interface
  • Cryptocurrency trading options
  • Low minimum deposit of $10
  • $1 min. trade size
  • Multiple payment options

Alvexo vs. Binomo Comparison

Select up to 3 Brokers

24Option
ActivTrades
Admiral Markets
ADSS
Ally Invest
Alpaca Markets
Alpari
Alvexo
Amana Capital
AMP Futures
AMP Global
ARMO Broker
AvaFutures
AVAtrade
Axi
Axiory
Ayrex
Binary.com
BinaryCent
Binomo
BlackBull Markets
Brokerpoint
Capex (Ex. CFD Global)
Capital.com Review
Capitalize.ai
Captrader
Charles Schwab
ChoiceTrade
City Index
CMC Markets
Comdirect
Davy Select
Degiro
Dukascopy
E-Trade
EasyEquities
Eightcap
eOption
eToro
ETX Capital
ExpertOption
FBS
Fidelity
FinmaxFX
Finq.com
Firstrade
Flatex
Forex.com
FP Markets
Fusion Markets
FX Trading
FXCM
FXPro
FXTM
GoMarkets
HF Markets
HYCM
IC Markets
IG Trading
Interactive Brokers
Internaxx
IQ Option
IQCent
IronFX
Libertex Review March 2024
Lightspeed
LiteFinance
Magnifi
Markets.com
Merrill Edge
MEXEM
Moneta Markets
Multibank
Naga
Next Markets
Ninja Trader
Oanda
OctaFX
Olymp Trade
OneRoyal
Optimus Futures
OptionRobot.com
Passfolio
Pepperstone
Plus500
Pocket Option
Questrade
RaceOption
Rakuten Securities
Revolut
Robinhood
RoboForex
Sarwa
Saxo Bank
Skilling
SogoTrade
Spreadex
Swissquote
Tastytrade
TD Ameritrade
ThinkMarkets
Tickmill
TMGM
Toroption
Trade Ideas
Trade Nation
TradeStation
Trading212
TrendSpider
Vantage
Vestinda
VT Markets
Webull
XM
XTB
Zacks Trade
Zerodha
Compare brokers

BROKER COMPARISON

alvexo-logo
Binomo-logo

Overall rating

3,1/5

2,2/5

Overall rating

3,1/5

2,2/5

Trading Platform & Tools

3.0

1.4

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 400:1 100:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

2.5

4.0

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 10 EUR after 3 months $30 if no trades after 3 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.8 0
Stocks & ETF 0 0
CFD (Gold) 5.5 0
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.0

2.2

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

2.1

3.0

See details
Minimum deposit (in UAE) $500.00 $10.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.9

1.9

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 58 0
CFD Indices & Funds 15 0
CFD Stocks 350 0
CFD Commodities 12 0
CFD Crypto 24 0
CFD Bonds 2 0
Binary Options 0 200
SWAPS 0 0
Saving Plans 0 0

Regulation

3.0

1.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.0

1.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.0

3.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Alvexo vs. Binomo Comparison Conclusion

The outcomes of our contrast of Alvexo vs. Binomo are involved the table below.

Broker:Best For:
AlvexoForex and CFD trading
BinomoBinary Options Trading

Selecting the ideal choice in between Alvexo and Binomo can be tough. Both online brokers have resemblances yet vary regarding trading tools, platforms & apps, policy, deposit & withdrawals, and study and education. Choosing the best broker depends upon customers’ trading & investment objectives, private choices, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

This site is registered on wpml.org as a development site.