Exnova and Binomo offer traders investor-friendly trading conditions. They can use both brokers for a secure trading experience. If you’re just starting, you’ll find that you’re well-supported.
Choosing between these two trading platforms can be challenging. Both brokers are great at what they offer their clients. However, let us perform an Exnova vs. Binomo analysis to determine which broker strives to offer the best to traders.
Exnova vs. Binomo – Comparison
The following Exnova vs. Binomo comparison can help a trader decide which trading platform offers them the best benefits:
| Basis | Exnova | Binomo |
|---|---|---|
| ⭐ Rating (based on this review): | 9/10 | 6.7/10 |
| ???? Auto trading: | Yes | Yes |
| ???? Mobile application: | Yes | Yes |
| ???? Customer support: | 24×7 | 24×7 |
| ???? Minimum deposit: | $10 | $10 |
| ???? Minimum trade: | $1 | $1 |
| ???? Demo accounts: | Yes | Yes |
| ???? Withdrawal fee: | Applicable after one free withdrawal every month | Withdrawal fee applicable on all withdrawals |
| ???? Features: | Technical tools, indicators, charts, etc. | Technical tools, indicators, charts, etc. |
| ???? Assets: | 250 | 75+ |
| ???? Account types: | Real and Demo | Standard, Gold, VIP, and Demo account |
(Risk warning: Your capital can be at risk)
#1 Auto-trading
Exnova offers traders a bot that they can use for an automated trading experience. The Exnova bot helps traders place trades automatically. Similarly, there is a Binomo Robot that traders can use on Binomo for auto-trading.
Both trading bots are equally good. However, traders must be cautious while choosing these bots as they can sometimes scam traders.
| Basis | Exnova | Binomo |
|---|---|---|
| Rating (based on this review): | 9/10 | 9/10 |
| Auto-trading: | Available | Available |
#2 Mobile application/app download
Both brokers offer traders an ease of trading with the mobile application. The mobile application of Exnova is downloadable for Android and iPhones. The same is true for the Binomo app download. Traders can easily set up these trading applications on their phones to trade on the go.
Both mobile applications are free to use on all devices.
| Basis | Exnova | Binomo |
|---|---|---|
| Rating (based on this review): | 9/10 | 9/10 |
| Mobile app: | Available | Available |
| Devices: | iOS, Android | iOS, Android |
#3 Customer support
Both the Exnova support and the Binomo support are responsive and reliable. Traders have access to 24×7 customer support on both platforms. Customer support is available through live chat, email, etc.
So if a trader has any questions while trading on the platform, they can get support immediately. If you are looking for a trading platform that offers a seamless trading experience, both platforms can be suitable.
| Basis | Exnova | Binomo |
|---|---|---|
| Rating (based on this review): | 10/10 | 8/10 |
| Availability: | 24/7 | 24/7 |
| Friendliness: | Excellent | Good |
| Email support: | Yes | Yes |
| Live chat: | Yes | Yes |
| Phone support: | Yes | Yes |
#4 Minimum deposit
Binomo and Exnova have similar minimum deposit requirements. Traders are required to fund their trading accounts with a minimum of $10 at both brokers. So both trading platforms have low requirements.
Therefore, beginners can choose either of these two brokers if they are more concerned about choosing a broker with a low deposit amount.
| Basis | Exnova | Binomo |
|---|---|---|
| Rating (based on this review): | 9/10 | 8/10 |
| Minimum deposit: | $10 | $10-13 (depending on country of residence) |
#5 Minimum trade
The minimum trade value on both trading platforms is $1.
| Basis | Exnova | Binomo |
|---|---|---|
| Rating (based on this review): | 10/10 | 10/10 |
| Minimum trade: | $1 | $1 |
#6 Demo accounts
Exnova and Binomo offer free demo accounts. Traders can register for demo accounts by visiting the respective broker’s website. The registration process on both platforms is straightforward. Once traders sign up for demo accounts, they receive virtual funds that they can use to test the trading platforms.
| Basis | Exnova | Binomo |
|---|---|---|
| Rating (based on this review): | 10/10 | 10/10 |
| Demo account: | Available | Available |
| Virtual funds: | $10,000 – unlimited | $10,000 – unlimited |
#7 Withdrawal fee
Binomo does charge withdrawal fees to its traders. The withdrawal fee at Binomo is applied to each withdrawal that a client makes. See more about the conditions in the upper picture.
Exnova offers a free withdrawal every month. If a trader makes a subsequent withdrawal in the same month, he will be charged a 2% withdrawal fee. The withdrawal fees charged by Exnova are lower than the withdrawal fees charged by Binomo.
| Basis | Exnova | Binomo |
|---|---|---|
| Rating (based on this review): | 8/10 | 7/10 |
| Withdrawal fee: | Applicable after one free withdrawal every month | Applicable on all withdrawals |
#8 Features
Both trading platforms excel in providing traders with advanced trading features. Traders can enjoy using the platform with advanced trading tools. There are several indicators, charting features, etc. that both brokers offer.
Thus, traders can have the best trading experience on both platforms.
| Basis | Exnova | Binomo |
|---|---|---|
| Rating (based on this review): | 9/10 | 7/10 |
| Features: | Technical tools, indicators, charts, etc. | Less than on Exnova |
#9 Assets
The number of assets available on an online trading platform is also important to traders. The more assets a trader has access to, the better the chances of diversifying their trades.
Exnova is the leader in offering more assets than Binomo. Binomo only offers traders 75+ underlying assets. However, Exnova offers more than 250 assets. This makes Exnova a more suitable trading platform.
| Basis | Exnova | Binomo |
|---|---|---|
| Rating (based on this review): | 9/10 | 5/10 |
| Assets: | 250+ | 75+ |
#10 Account types
Binomo offers standard, gold and VIP trading accounts. Traders can choose an account type depending on the minimum deposit amount they wish to add to their trading account. However, traders only get one type of account at Exnova. This means that all traders can only use one type of account with the broker.
| Basis | Exnova | Binomo |
|---|---|---|
| Rating (based on this review): | 9/10 | 9/10 |
| Account types: | Real and demo | Standard, Gold, VIP, and Demo account |
What is Exnova?
Exnova is a highly-rated new online trading platform. The broker has only recently entered the trading world. However, it has attracted a huge clientele because of its amazing features.
Exnova offers a fully functional trading experience. Traders have plenty of options when it comes to choosing an underlying asset to trade. Exnova has excellent customer service. This makes trading more attractive.
You can enjoy several benefits when choosing Exnova as your preferred trading platform. Let us explore the main benefits offered by the broker.
Advantages of Exnova
Let us take a closer look at the advantages of Exnova.
- It offers traders a choice of 250 financial instruments. These include binary or digital options, stocks, commodities, indices, forex and more.
- The broker supports a powerful and advanced online trading platform. It has all the features that any experienced trader would want in a perfect broker.
- Traders have access to many technical tools for trading. For example, Exnova offers top charts, technical Exnova indicators, etc., for trading.
- The broker supports fast order execution. This means that a trader does not have to worry about missing out on investment opportunities.
- Traders need a small minimum Exnova deposit of $10 when trading with the broker
- Exnova allows traders to trade with any amount starting from $1.
- The broker has a large customer base due to its presence in many countries. It operates in multiple languages.
- Many resources on the platform are designed to help traders improve their trading skills.
- Exnova supports live chats, trading communities, etc. to help traders interact with each other.
- Traders can use advanced features to limit their losses.
- The broker offers stop loss and take profit features.
- The broker also supports fast withdrawals.
Registering with Exnova can provide traders with a unique trading experience. These features are what a trader needs to enjoy trading to the fullest.
Binomo offers traders similar features. Let us explore Binomo as we compare the two brokers on the most important parameters.
(Risk warning: Your capital can be at risk)
What is Binomo?
Like Exnova, Binomo is a platform where traders can buy or sell stocks, commodities, indices, etc. The platform has been serving traders since 2014. As a result, the broker has gained enough trust from traders to attract a large clientele.
There are several features available when using Binomo. This online trading platform operates in almost 133 countries. Binomo is available in several languages.
Unlike most brokers, this broker also has a very low minimum deposit amount for traders. Traders can fund their accounts with the broker for as little as $10. The fact that traders can place a trade with as little as $1 also shows that this is a beginner-friendly platform.
Advantages of Binomo
Now, let us take a closer look at the advantages of Binomo.
- Binomo has a simple user interface. This platform is easy to use for both beginners and advanced traders.
- Traders can start funding their trading account on Binomo with a minimum amount of $10.
- Binomo offers more than 70 different financial instruments. Traders have a good scope for trade diversification.
- The demo account offered by Binomo contains virtual funds available for learning how to trade. The demo account is for free.
- Traders can opt for different account types on Binomo, depending upon their trading expertise.
- Some account types offered by Binomo also allow traders to get bonuses.
- The broker provides a mobile application. The Binomo application is available for iOS and Android phones.
- The customer support accepts live chat, email and phone calls. Traders can get the response to their emails within one business day.
The features offered by Binomo show that it has very decent trading conditions for traders. However, traders may notice a few differences when using Exnova and Binomo.
Conclusion: Exnova performs better in our comparison
Binomo and Exnova both have good trading conditions, but Exnova clearly outperforms Binomo in our comparison. Trading with Binomo can be a little expensive for traders. They would have to bear high withdrawal fees with Binomo.
In addition, the assets offered on Binomo are less than what traders get on Exnova. Traders can expect more features and better trading conditions with Exnova. A trader only needs to choose one of these brokers after properly evaluating the two platforms. After all, traders have their own needs and preferences.
(Risk warning: Your capital can be at risk)
Frequently asked questions about the Exnova and Binomo comparison:
Are Binomo and Exnova good trading platforms?
Exnova and Binomo are good trading platforms for any trader. These brokers offer traders a platform where they can begin trading with a low minimum deposit and enjoy good features. The asset offerings on the two platforms are also satisfactory. So, traders can consider these platforms good.
Which broker has an easy signup process – Exnova or Binomo?
Both online trading platforms have a simple signup process. It takes traders only a few minutes to have their trading accounts ready with both brokers.
What is the minimum deposit on Binomo?
Traders must fund their Binomo trading account with a minimum deposit of $10.
Do Exnova and Binomo offer good customer support?
Yes, Exnova and Binomo both offer great customer support for traders. In addition, customer support can help them overcome any problems they might encounter while trading.
Which broker has a wider range of asset offerings, Exnova or Binomo?
Exnova has a wider range of asset offerings, providing over 250 financial instruments, compared to Binomo’s 75+ assets.
How do the withdrawal fees of Exnova and Binomo compare?
Exnova offers one free withdrawal every month and charges a 2% fee on subsequent withdrawals in the same month, whereas Binomo applies a withdrawal fee on all withdrawals.
Do both Exnova and Binomo offer automated trading options?
Yes, both Exnova and Binomo offer bots for an automated trading experience, with Exnova offering a bot and Binomo offering BinomoBot.
Which platform is more suitable for traders concerned about high withdrawal fees?
Exnova is more suitable as it offers one free withdrawal every month and has lower withdrawal fees compared to Binomo, which charges fees on all withdrawals.
How do the account types of Exnova and Binomo differ?
Binomo offers multiple account types including Standard, Gold, and VIP, catering to different traders, whereas Exnova offers only one type of account, limiting the options for traders.
Tip: You may also want to check out our other comparisons:
