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Comparison Binomo vs CMC Markets
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Binomo vs CMC Markets. Which of them: Binomo or CMC Markets a better online broker?
First of all, we’ll compare the commission fees of the two brokers. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Options Trading are provided to customers by Binomo and Stocks Trading, ETFs Trading, Forex Trading are provided by CMC Markets. As for platforms, Binomo offers Web Platform, Android App, iOS App, while CMC Markets offers Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Binomo was founded in 2014 in Seychelles, and it is regulated by International Financial Commission. And CMC Markets was founded in 1987 in United Kingdom, and it is regulated by FCA, ASIC, CFTC. We can withdraw funds from Binomo with the help of Bank Wire, Visa/Mastercard, Cryptocurrency, and its withdrawal fee is free. And CMC Markets provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The withdrawal time for Binomo is within 3 business days, and that one for CMC Markets is 1 - 2 business days.
As a result, the rating of Binomo is 3.9 stars versus that of CMC Markets of 4.8 stars.