Binary.com vs RoboForex - Fees Review included
Which broker is better Binary.com or RoboForex? Our expert assessment conducted according to TU’s own methodology showed that Binary.com is one of the top brokers in the financial market with the TU Overall Score of 8.39 out of 10. RoboForex is one of the top brokers in the financial market with the TU Overall Score of 9.71 out of 10. Find out more about TU Overall Score.
| Feature | Binary.com | RoboForex |
|---|---|---|
Overall |
2.5 |
4.9 |
1.1 |
4.6 |
|
2.7 |
4.9 |
|
3.0 |
5 |
|
Investment Instruments |
1 |
4.8 |
Platforms and Charting Tools |
4.3 |
4.9 |
Deposit and Withdrawal |
4.1 |
4.8 |
Research |
1 |
4.9 |
Education |
1.3 |
4.8 |
Support |
3.8 |
5.0 |
Bonuses |
2.5 |
5 |
|
|
|
Binary.com vs RoboForex: Pros and Cons
Binary.com is one of the first brokers to offer binary options trading. The company was founded in 1999. Since then, despite the riskiness of options trading, it has not lost its popularity. However, the broker can trade not only binary instruments, but also currency pairs, cryptocurrencies, as well as raw materials, metals, stock, and synthetic indices, and futures. The Binary brokerage company is controlled by the regulators of Malta, Malaysia, Great Britain, and Vanuatu. This ensures the safety of traders' funds and the ability to resolve controversial issues quickly if any arise
RoboForex is a brokerage company that was founded in 2009. It provides services to financial markets in 169 countries. More than 3.5 million users are RoboForex clients. RoboForex is the leading software developer in the Forex industry. RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize.
| Binary.com | RoboForex | |
|---|---|---|
| Overall Pros | The minimum amount for replenishing and opening a bid is $5 and $1, respectively | Trading With Leverage up to 1:2000 |
| The broker offers binary options and CFD trading services | Near 9000 supported trading assets | |
| Unique tools: SmartCharts - Interactive charting tool, Binary Bot - Auto-trader programming tool | Low trading and non trading fees | |
| Passive income with copy trading | ||
| Great bonus programs | ||
| Instant withdrawal of funds | ||
| Best choice of Forex EA, Forex bots builder | ||
| Advanced trading platforms | ||
| Overall Cons | Some clients have difficulties with the registration process | Lack of cryptocurrency tools when trading on the R Trader platform |
| Sometimes technical support takes a long time to respond | A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime |
Binary.com vs RoboForex: Safety and Regulation
| Regulated By: | Binary.com | RoboForex |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
FSC (Belize) |
Binary.com vs RoboForex: Trading Conditions
| Trading Conditions | Binary.com | RoboForex |
|---|---|---|
Minimum Deposit |
$5 |
$10 |
Trading Platforms |
МТ5, Deriv, SmartTrader, Tick Trade, WebTrader от Binary, Own binary platform |
MT4, MT5, cTrader, R StocksTrader, RoboForex, |
Max Leverage (Futures) |
1 |
1-2000 |
Supported Markets |
Forex, Metalls, Energies, Indices, Cryptocurrencies, Syntetic Indices |
Forex, Stocks, Indices, ETFs, Groceries, Energy commodities, Metals |
Trading assets |
100+ |
8700+ |
Trading Accounts |
Binary, Forex |
Pro, Pro Cent, ECN, Prime |
Base Account Currencies |
USD, EUR, GBP и AUD, BTC, ETH, LTC, BCH, UST |
USD, EUR |
Binary.com vs RoboForex: Fees
Forex Trading Fees
| Fee | Binary.com | RoboForex |
|---|---|---|
Standard Account EURUSD Average Spread |
From 1.3 Pips |
1.4 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$2 per lot |
ECN Account EUR Average Spread |
Not supported |
0.1 pip |
CFD Trading Fees
| Fee | Binary.com | RoboForex |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Binary.com | RoboForex |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Binary.com vs RoboForex: Trading Assets
| Asset Name | Binary.com | RoboForex |
|---|---|---|
Overall |
100+ |
9700+ trading assets |
Forex |
Yes |
Yes |
Stocks |
No |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
Yes |
No |
Binary.com or RoboForex: Investment Programs
| Asset Name | Binary.com | RoboForex |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: RoboForex or Binary.com
| Binary.com | RoboForex | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
Yes |
Appropriate platform |
No |
R StocksTrader, RoboForex Terminals |
Others |
Own binary options trading platform |
No |
|
|
|
Binary.com vs RoboForex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Binary.com | RoboForex |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
No |
Binary.com vs RoboForex: Research
| Research Type | Binary.com | RoboForex |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
Binary.com vs RoboForex: Education
| Education Type | Binary.com | RoboForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
RoboForex vs Binary.com: Support
| Support Features | Binary.com | RoboForex |
|---|---|---|
Working Days |
24/7 |
24/5 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
Social networks, messengers, feedback form |
No |
Binary.com vs RoboForex: Forex Bonuses and Promo
| Promo | Binary.com | RoboForex |
|---|---|---|
Forex Bonus |
No |
Welcome bonus $30 Classic first deposit bonus up to 120% |
Affiliate Program |
Two types of affiliate programs with a yield of up to 30-45% of the referral's income |
Up to 40% of trading commissions |
Other Promos |
||
|
|
|
Top 5 Reviews on RoboForex
-
Comment
Today,April 11, 2024, I made a deposit using a new payment method to fund my RoboForex trading account. I always received the deposited amount real-time in my previous service provider and was expecting the same this time. That did not happen unfortunately. I waited for five hours before finally contacting the RoboForex customer service just in case it was just a minor glitch in the system. The platform has a number of customer service channels to choose from like Whatsapp, Telegram, Messenger, etc which is convenient. I contacted them through Facebook Messenger at 2 pm local time (+8 GMT) and got a response right after I sent my concern. Website says customer service is 24/7. Was asked to provide my trading account number and made it clear that some transactions can take up to five business days to reflect, depending on the service provider. But somehow the funds made it into my account within the day after the interaction. Happy about their prompt response on this one.
-
Comment
I signed up with RoboForex two weeks ago and the process went smoothly overall. Only one thing to remember: they have a specific requirement on the password format which took a bit of my time. I use the same password on all my trading accounts which RoboForex kept rejecting, so had to come up with a new one which for me is a source of slight inconvenience for my future transactions. After submitting the documents confirming my identification and home address, they sent me an email informing that my MT4 Pro account has been successfully opened. It’s fast. There are four different account types to choose from: Demo, Real, CopyFX Trader, and Partner which appeals to different types of traders and I selected a demo since I am a beginner. From my understanding you can open multiple accounts at once and there can be different types, depending on preference. The demo account has a $10,000 balance and a 1:1000 leverage and I just started playing around. Wish they will be more flexible with th
-
Comment
RoboForex is a beginner-friendly platform. I was able to set up an account by following the instructions I saw in the blogs section. After setting up a demo account, I opened the web trader version of the trading platform, and the educational guides on how to trade I found on this trading platform have helped me in my trading journey. The educational resource explained the importance of studying the price movement of the asset you choose and how to select the order volume, of which 1.0 is the recommended value. Beginner traders can consider the educational resource available on the RoboForex platform as there are provisions for those looking to learn how to trade using major trading pairs like GBP/USD, EUR/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, etc.
-
Comment
I've been trading with Roboforex for over 2 years now, and I can't say anything bad about the broker. Their trading conditions are better than those of larger companies. The spreads on ECN accounts are minimal; it's a pleasure to scalp on the EUR/USD pair. Yes, during increased volatility, spreads may widen, but I don't trade the news, so it's not essential for me. Also, I take advantage of Roboforex's free VPS for automated trading. I recommend this company
-
Comment
I've been trading with Roboforex for over 2 years now, and I can't say anything bad about the broker. Their trading conditions are better than those of larger companies. The spreads on ECN accounts are minimal; it's a pleasure to scalp on the EUR/USD pair. Yes, during increased volatility, spreads may widen, but I don't trade the news, so it's not essential for me. Also, I take advantage of Roboforex's free VPS for automated trading. I recommend this company.
Top 5 Reviews on Binary.com
-
Comment
Deriv has different trading bots likeDeriv Bot and Binary Bot. You can also open a demo account to test these bots. The Deriv bot which i use often is easy to configure since it does not require any technical setup. While many traders would prefer bots because of the ease of trading, i think those to use this bots must be experienced in trading to some extent. This is is because they require optimization and it is you that set the risk management strategy they follow, so if you are a new trader, you may want to stay away from bots until you understand trading to a great extent.
-
Comment
The Deriv trader accommodates a vast library of trading indicators and charts candles.m, take profit and stop loss feaures. If you want to trade better and minimize risk as a new trader, spend time on learning about risk management strategies and how to apply them. Also learning how to use different indicators to analyze trade will help you make good trade decisions. Remember to quickly reach out to the customer care on the live chat and WhatsApp if you encounter any challenges when trading on Deriv Trader.
-
Comment
The Deriv signal on mT5 is one of the top features i use when i am trading on the MetaTrader web server. The derivative allows a trader to copy the trading strategies of an expert trader. You can use this feature from the MetaTrader web terminal, click on help and select MT5 signal. To find a trader to copy, I first consider the trader groth level and reliability. Copying Some of these traders are free while place a monthly subscription fee which you will see at the footer of the profile div. Select the trader that meets your needs and check the broker profit trade percentage, loss trade, trading activity etc. You can read reviews to be sure of the trader. Select copy trader to start copying with the trader and set up the parameters for your risk management and trading. I would suggest that beginner traders get a foundational knowledge of trading and how to analyze trades using some indicators and chart tools before they start copying signals.
-
Comment
I am considering the possibility of working with Binary.com. Despite the different nuances, I see a lot of positive reviews about this company. It inspires trust and I don’t want to risk my money and fall for scammers. Reviews of Binary.com are positive and this is one of the factors that persuades me to open an account with this broker.
-
Comment
I trade with the broker Binary.com, and I quite like the platform; you can make money here. At first, I didn't understand anything, but later I started exploring the market, learning technical analysis. And now trading is going well for me. I haven't had any problems with withdrawing funds from Binary.com, so I'm satisfied.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.