Comparison of Binomo and Expert Option
| Feature | Binomo | Expert Option |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 2014 |
| Broker Type | MM | MM |
| Dealing | B-book | B-book |
| Execution | Instant | Instant |
| Regulation | SVGFSA | SVGFSA |
| Platforms | Binomo | ExpertOption |
| Spread | - N/A | - N/A |
| Maximum Leverage | 1:1 | 1:1 |
| Minimum Deposit | $10 | $10 |
| Base Currencies | USD, EUR | USD |
| Funding Methods | Visa, Mastercard, Bank Transfer, AstroPay, FasaPay, Jeton, SticPay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) | Visa, MasterCard, Maestro, UnionPay, Skrill, Neteller, Bank Wire, WhatsApp Pay, Google Pay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Tether (USDT) |
| Inactivity Fee | $30 per month after 30 days of inactivity | $50 per month after 3 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence | ✖ |
| Investor Protection | FinancialCommission.org | FinancialCommission.org |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✔ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✖ | ✔ |
| EAs/Robots | ✖ | ✖ |
| Depth of Market (DOM) | ✖ | ✖ |
| Tradable Assets (CFDs) | Currencies, Commodities, Indices, Stocks, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Commodities |
| Review | Binomo Review | Expert Option Review |
About Binomo
Binomo is a binary options trading platform founded in 2014 that targets beginners with a very low $10 minimum deposit and $1 trade size. The broker is a Category A member of the International Financial Commission, giving clients access to a €20 000 compensation fund in case of disputes. Three live account tiers (Standard, Gold, VIP) unlock higher payouts-up to 90% - and faster withdrawals. While Binomo’s proprietary web and mobile apps are easy to use and offer weekend trading, the company is not regulated by top-tier financial authorities and is unavailable to traders in the EU and several other jurisdictions.
Pros
- Low $10 minimum deposit and $1 trade size
- Up to 90% payouts on VIP tier
- Fast proprietary web & mobile platform
- Free demo account with $10000 virtual funds
- Member of the International Financial Commission with €20000 compensation fund
- Multilingual interface and local payment options
Cons
- Not regulated by major authorities such as FCA or ASIC
- Limited number of underlying assets versus CFD/forex brokers
- No MetaTrader or third-party platforms available
- Education materials are basic compared to top forex brokers
About Expert Option
ExpertOption is a binary options broker launched in 2014. With a $10 minimum deposit and a proprietary web/mobile platform, it lets beginners trade 60+ assets across forex, stocks and commodities in deals from 30 seconds to 8 hours. The company is a Category A member of the Financial Commission, which provides up to €20 000 compensation in case of disputes. Although not regulated by top-tier authorities and unavailable in the US, EU and dozens of other countries, ExpertOption attracts 70 million+ clients thanks to social trading, priority withdrawals for Gold+ tiers and payouts up to 95% on successful trades.
Pros
- Low $10 entry barrier with $1 trade size
- Payouts up to 95 % on binary option contracts
- Social trading feed and copy-trade feature
- Member of the Financial Commission (€20 k protection fund)
- 24/7 multilingual live-chat support
Cons
- Not supervised by FCA, ASIC or CySEC
- Only proprietary platform – no MT4/MT5 or cTrader
- Short expiries unsuited to many strategies
- Limited education compared with larger CFD brokers
Binomo & Expert Option Regulation
| Feature | Binomo | Expert Option |
|---|---|---|
Companies | Dolphin Corp LLC, Pollack Trade LTD | EOLabs LLC |
Countries | St. Vincent & the Grenadines | St Vincent & the Grenadines |
Regulators | SVGFSA | SVGFSA |
Investor Protection | FinancialCommission.org | FinancialCommission.org |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Binomo | Expert Option |
|---|---|---|
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | FTT | Binary Options |
| Minimum Deposit | $10 | $10 |
| Option Types | FTT (Fixed Time Trade), 5-Second Trades (5ST) | Call/Put |
| Minimum Stake | $1 | $1 |
| Payout | from 40% to 90% | from 25% to 95% |
| Expiration Time | from 5 seconds to 1 hour | from 30 seconds to 8 hours |
Funding and Fees
| Feature | Binomo | Expert Option |
|---|---|---|
Base currencies | USD, EUR | USD |
Deposit and withdrawal methods | Visa, Mastercard, Bank Transfer, AstroPay, FasaPay, Jeton, SticPay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) | Visa, MasterCard, Maestro, UnionPay, Skrill, Neteller, Bank Wire, WhatsApp Pay, Google Pay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Tether (USDT) |
Inactivity fee | $30 per month after 30 days of inactivity | $50 per month after 3 months |
Interest on margin | ||
Withdrawal fee | One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence |
Trading Platforms and Conditions
| Feature | Binomo | Expert Option |
|---|---|---|
Trading Platforms | Binomo | ExpertOption |
Execution Speed | 50 ms | 80 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | N/A | N/A |
Trading Assets
| Asset | Binomo | Expert Option |
|---|---|---|
Currencies | 28 | 17 |
Indices | 5 | 11 |
Stocks | 28 | 25 |
Cryptocurrencies | 6 | 0 |
Bonds | 0 | 0 |
Metals | 2 | 4 |
Energies | 1 | 1 |
Soft Commodities | 0 | 0 |
ETFs | 0 | 16 |
Education and Analytics
| Feature | Binomo | Expert Option |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
Which Broker is Better?
After comparing Binomo and Expert Option, Expert Option comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.