Swissquote vs Binary.com, 2024 Update
Read our In-Depth Swissquote vs Binary.com Review - 2024 Update
This review comparing Swissquote and Binary.com has been updated to reflect any changes for 2024 from seasoned professionals with years of expertise in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Swissquote vs Binary.com does not apply to all countries as follows:
Swissquote 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 Swissquote vs Binary.com
All platforms for online trading will have a few ups and downs, and a complete analysis of Swissquote vs Binary.com cannnot be regarded as thorough without having an objective perspective.
Assess Swissquote and Binary.com to understand how they line up with one another prior to you make an account. A side-by-side comparison can put things in perspective so that you remain informed about what to expect.
So you are looking for a broker and are choosing between Swissquote or Binary.com. Who is better in 2024?
Our Swissquote vs Binary.com comparison contains the most recent information so you can easily compare Binary.com against Swissquote.
If you are a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You'll acquire proficient at all of the concepts of broker as you keep trading. For starters, you need to select the ideal broker who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to create hefty returns. Swissquote and Binary.com are two such trading platforms which will take you along with your investment into great heights. It is important to compare Swissquote vs Binary.com until you trust them with your cash.
Our Swissquote vs Binary.com comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Swissquote and Binary.com side by side.
Our entire Swissquote vs Binary.com Review covers all you will need to know about trading with either Swissquote or Binary.com. A fantastic broker can multiply your initial investments and give you positive profits. If you want to make profits, you should trade with a broker service that contrasts with your investment objectives.
There is no sure-fire way to guarantee profits; thus, you should carefully analyze your agent before you select them. It's a common misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, initially, can put your investments in danger.
Swissquote and Binary.com are both brokers that have found their way successfully into the brokerage world. Within this review, we've attempted to collate a number of the important facets of both Swissquote and Binary.com. This review can help you to know whether either Binary.com or Swissquote is a good fit for your investments or not. We have attempted to breakdown all of the features and fees for your advantage.
Benefits of Swissquote and Binary.com Compared
Swissquote has a minimum deposit of $0 while Binary.com has a $250 minimum deposit.
Why smaller minimum deposits are good and how Swissquote 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.
Swissquote allows you to trade around 100 financial instruments while Binary.com has around 100 financial instruments available.
The more instruments you can trade on the Swissquote 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 never want to miss out on a trading opportunity due to the limitations of Swissquote or Binary.com.
Swissquote and Binary.com Contact Details
Being able to contact a broker simply is a sign of a professional broker. Swissquote and Binary.com have the following contact details and social medias that you can use.
Broker | Swissquote | Binary.com |
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Telephone Number | +41 44 825 88 88 | |
Address | Chemin de la Cr├®taux 33, Gland, Vaud 1196, Switzerland | |
Swissquote Twitter Account | Binary.com Twitter Account | |
Swissquote Facebook Page | Binary.com Facebook Page | |
Swissquote Instagram Account | Binary.com Instagram Account | |
Swissquote LinkedIn Page | Binary.com LinkedIn Page | |
YouTube | Swissquote YouTube Channel | Binary.com YouTube Channel |
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Binary.com and Swissquote Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing Swissquote and Binary.com will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as Better than the 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. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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?
Swissquote vs Binary.com - Awards
Broker | Swissquote | Binary.com |
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Awards |
Swissquote have won many industry awards over the time they have been running as a financial broker. We detail the most notable awards for Swissquote here.
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At the time of writing this Binary.com review, and despite Binary.com’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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Swissquote vs Binary.com - Frequently Asked Questions
Swissquote vs Binary.com - Headquarters And Year Of Founding
Swissquote was founded in 1999 and has its headquaters in Switzerland.
Binary.com was founded in 2014 and has its headquaters in United States.
What is the minimum deposit for Binary.com or Swissquote
The minimum deposit for Swissquote is $0.
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 Swissquote and Binary.com are a good choice.
Swissquote vs Binary.com - Regulation And Licencing In More Detail
Swissquote is regulated by Financial Conduct Authority (FCA).
Binary.com is regulated by Unregulated.
Binary.com is unregulated but Swissquote has a powerful collection of rules for ensuring honest trading on its platforms. For information encryption purposes, they supply industry-standard secure socket layer (SSL).
As per 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 Swissquote vs Binary.com Commission And Fees
Swissquote and Binary.com are online broker platforms, and most online brokerages charge lower prices 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 online broker isn't necessarily influenced by the number of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 types of fees for this purpose.
The first sort of fees to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In such cases, you're spending a spread, funding speed, or even a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are those that are billed when you maintain a leveraged position for longer than a day.
Apart from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake in your accounts. They are billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither Swissquote or Binary.com charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who regularly trade, such as weekly or daily trading.
But, non-trading fees charged by Swissquote and Binary.com are relatively greater. As a result, you are charged more for non-trading actions on your trading accounts, such as deposits and withdrawal. These are not about the purchase and sale of resources.
This Swissquote vs Binary.com review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For Swissquote And Binary.com
What Languages Do Swissquote And Binary.com Support?
Being able to communicate completely with your online platform is a key element when comparing trading platforms to find the best trading partner. Not only for support but to be sure you understand everything on their website and inside their app as it is a key factor to success when trading online.
Here you will find the languages that both Swissquote and Binary.com offer communication in.
How Many Clients Do Swissquote and Binary.com Have?
Both Swissquote and Binary.com are well established with their client base. It is important to work with a broker you can trust and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many clients Swissquote and Binary.com are working with
What Payment Methods Do Swissquote and Binary.com Accept?
Swissquote 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 Swissquote and Binary.com
What Can You Trade With Swissquote and Binary.com?
Swissquote offers 100 trading instruments while Binary.com offers 53.
Below you will find a full breakdown of what both Swissquote and Binary.com offer.
Swissquote Review
Swissquote vs Binary.com:
Table Of Contents
- Compare Swissquote vs Binary.com
- Benefits of Swissquote and Binary.com Compared
- Binary.com and Swissquote Mobile App Comparison
- Swissquote vs Binary.com - Awards
- Swissquote vs Binary.com - Frequently Asked Questions
- What is the minimum deposit for Binary.com or Swissquote
- Swissquote vs Binary.com - Regulation And Licencing In More Detail
- Compare Broker Fees For Swissquote And Binary.com
- What Languages Do Swissquote And Binary.com Support?
- How Many Clients Do Swissquote and Binary.com Have?
- What Payment Methods Do Swissquote and Binary.com Accept?
- What Can You Trade With Swissquote and Binary.com?