FXCM vs Binary.com, Who's The Best?
FXCM Rating
|
Binary.com Rating
|
Losses can exceed deposits |
Your capital is at risk |
FXCM vs Binary.com Guide |
Read our In-Depth FXCM vs Binary.com Review - for 2024
Our comprehensive analysis of FXCM and Binary.com has been updated for 2024 from seasoned professionals with significant expertise in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of FXCM vs Binary.com does not apply to all countries as follows:
FXCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Binary.com Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare FXCM vs Binary.com
Each online trading platforms feature a few pros and cons, so any comprehensive review of FXCM and Binary.com should not be regarded as thorough without adopting a balanced approach.
Examine FXCM and Binary.com in order to understand the way they line up against one another prior to you choose to open an account. A side-by-side comparison helps to bring aspects in perspective so that you're aware of what you should anticipate.
So you are looking for a broker and are choosing between FXCM or Binary.com. Which one is best in 2024?
Our FXCM vs Binary.com comparison contains the latest information so you can easily compare Binary.com against FXCM.
If you are a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You'll get proficient at all of the concepts of broker since you keep trading. For starters, you need to select the right broker who will be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. FXCM and Binary.com are two such stages that will take you and your investment to great heights. It is crucial to compare FXCM vs Binary.com until you trust them with your cash.
Our FXCM vs Binary.com comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust FXCM and Binary.com side by side.
Our entire FXCM vs Binary.com Review covers all you need to know about trading using either FXCM or Binary.com. A fantastic agent can multiply your initial investments and provide you positive profits. If you would like to make profits, you should trade with a broker service that contrasts with your investment objectives.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your broker before you choose them. It's a common misconception that all brokers will be the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
FXCM and Binary.com are both brokers which have found their way successfully to the broker world. In this review, we have tried to collate a number of the important facets of both FXCM and Binary.com. This review will allow you to understand whether either Binary.com or FXCM is a good match for your own investments or not. We have tried to breakdown all of the qualities and charges for your convenience.
Benefits of FXCM and Binary.com Compared
FXCM has a minimum deposit of $1 while Binary.com offers a $250 minimum deposit.
Why smaller minimum deposits are good and how FXCM and Binary.com compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
FXCM allows you to trade around 100 financial instruments whilst Binary.com has around 100 available.
The more instruments you can trade on the FXCM and Binary.com platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of FXCM or Binary.com.
FXCM and Binary.com Contact Details
Being able to contact an online trading platform easily is important. FXCM and Binary.com have the following contact details and social medias that you can use.
Broker | FXCM | Binary.com |
---|---|---|
Telephone Number | ||
Address | ||
FXCM Twitter Account | Binary.com Twitter Account | |
FXCM Facebook Page | Binary.com Facebook Page | |
FXCM Instagram Account | Binary.com Instagram Account | |
FXCM LinkedIn Page | Binary.com LinkedIn Page | |
YouTube | FXCM YouTube Channel | Binary.com YouTube Channel |
Find Out More |
|
|
Binary.com and FXCM Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing FXCM and Binary.com will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
FXCM vs Binary.com - Awards
FXCM vs Binary.com - Frequently Asked Questions
FXCM vs Binary.com - Headquarters And Year Of Founding
FXCM was founded in 1999 and has its headquaters in United States.
Binary.com was founded in 2014 and has its head office in United States.
What is the minimum deposit for Binary.com or FXCM
The minimum deposit for FXCM is $1.
The minimum deposit for Binary.com is $250.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both FXCM and Binary.com are a good choice.
FXCM vs Binary.com - Regulation And Licencing In More Detail
FXCM is regulated by Financial Conduct Authority (FCA).
Binary.com is regulated by Unregulated.
Binary.com is unregulated but FXCM has a powerful set of rules for ensuring fair trading onto its individual platforms. For data encryption purposes, they supply industry-standard secure socket layer (SSL).
In accordance with their own privacy policy, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare FXCM vs Binary.com Commission And Fees
FXCM and Binary.com are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the number of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 types of fees for this purpose.
The first kind of fees to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In these cases, you're paying a spread, financing rate, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight prices are those who are charged when you maintain a leveraged position for more than a day.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither FXCM or Binary.com charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, such as daily or weekly trading.
But, non-trading fees billed by FXCM and Binary.com are relatively lower. Consequently, you're charged more for non-trading actions in your trading accounts, such as withdrawal and deposits. These aren't related to the sale and purchase of resources.
This FXCM vs Binary.com review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For FXCM And Binary.com
Broker | FXCM | Binary.com |
---|---|---|
Minimum Deposit | $1 | $250 |
Withdrawal Fees | No | Yes |
Inactivity Fees | No | Yes |
Deposit Fees | No | Yes |
CFD Fees | No | Yes |
Find Out More |
|
|
What Languages Do FXCM And Binary.com Support?
Being able to communicate easily with your online platform is a key element when comparing online brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key part of success when trading online.
Here you will find the languages that both FXCM and Binary.com support.
Broker | FXCM | Binary.com |
---|---|---|
Languages Supported | English, and Chinese | English, and Chinese |
Find Out More |
|
|
How Many Clients Do FXCM and Binary.com Have?
Both FXCM and Binary.com are well known and trusted. It is important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many customers FXCM and Binary.com are working with
Broker | FXCM | Binary.com |
---|---|---|
Clients / Users | 10,000+ | 10,000+ |
Find Out More |
|
|
What Payment Methods Do FXCM and Binary.com Accept?
FXCM and Binary.com both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at FXCM and Binary.com
Broker | FXCM | Binary.com |
---|---|---|
Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | Yes |
Neteller | No | No |
Find Out More |
|
|
What Can You Trade With FXCM and Binary.com?
FXCM offers 100 trading instruments and Binary.com offers 53.
Below you will find a full breakdown of what both FXCM and Binary.com offer.
FXCM Review
FXCM vs Binary.com:
Table Of Contents
- Compare FXCM vs Binary.com
- Benefits of FXCM and Binary.com Compared
- Binary.com and FXCM Mobile App Comparison
- FXCM vs Binary.com - Awards
- FXCM vs Binary.com - Frequently Asked Questions
- What is the minimum deposit for Binary.com or FXCM
- FXCM vs Binary.com - Regulation And Licencing In More Detail
- Compare Broker Fees For FXCM And Binary.com
- What Languages Do FXCM And Binary.com Support?
- How Many Clients Do FXCM and Binary.com Have?
- What Payment Methods Do FXCM and Binary.com Accept?
- What Can You Trade With FXCM and Binary.com?