Home page -> Comparison -> ForexTime (FXTM) vs Binary Robot | Broker Comparison

Title ForexTime (FXTM) vs Binary Robot | Broker Comparison

Basic Information

Year Founded

First broker:

2011

Second broker:

Headquarters Location

First broker:

Limassol, Cyprus

Second broker:

Publicly Traded (Entity or Parent)

First broker:

YES

Second broker:

Regulated?

First broker:

YES

Second broker:

Primary Regulator

First broker:

CySEC

Second broker:

Minimum Deposit

First broker:

$10

Second broker:

Fixed Spreads?

First broker:

NO

Second broker:

Trading Type

First broker:

ECN, STP

Second broker:

Commissions on Trades

First broker:

YES

Second broker:

CFD Loss Rate

First broker:

69% loss rate on CFDs

Second broker:

Maximum Leverage

First broker:

1:30

Second broker:

Currency Pairs Offered

First broker:

50+

Second broker:

General Average Rating - 3 scale

First broker:

2,13

Second broker:

Background

Value

Score

Value

Score

Year Founded

First broker:

2011

2,5

Second broker:

Headquarters location + Offices

First broker:

Limassol, Cyprus

2,0

Second broker:

Publicly traded?

First broker:

No

1,5

Second broker:

Size Measure

First broker:

1 million accts

2,0

Second broker:

Summary Score

First broker:

2,00

Second broker:

Regulatory Compliance

Value

Score

Value

Score

Regulated or unregulated?

First broker:

YES

3,0

Second broker:

Primary regulator

First broker:

CySEC

2,0

Second broker:

Multiple compliance

First broker:

FCA, IFSC, FSCA

2,5

Second broker:

Safety of Deposits

First broker:

Safe if EU, segegated accts

2,0

Second broker:

Summary Score

First broker:

2,38

Second broker:

Fees & Charges

Value

Score

Value

Score

Commissions, Fees & Charges

First broker:

Generally low fees/spreads

2,5

Second broker:

General

First broker:

Confusing by acct/platform

1,5

Second broker:

Spreads

First broker:

Spreads vary by acct/platform

1,5

Second broker:

Summary Score

First broker:

2,00

Second broker:

Investment Products

Value

Score

Value

Score

Stocks - Breadth

First broker:

150 CFDs

1,0

Second broker:

Forex - Breadth

First broker:

Average

2,5

Second broker:

Other: Comm, Crypto, Spread, CFD?

First broker:

Comm, Crypto, CFD, No SB

2,0

Second broker:

Summary Score

First broker:

1,83

Second broker:

Platform experience

Value

Score

Value

Score

MT4 or equivalant

First broker:

Metatrader Only

3,0

Second broker:

Proprietary options

First broker:

None

2,0

Second broker:

Special Advanced?

First broker:

Confusing array of options

2,0

Second broker:

Summary Score

First broker:

2,33

Second broker:

Special Features

Value

Score

Value

Score

Feature A

First broker:

Auto-trading platform

2,5

Second broker:

Feature B

First broker:

Social/Copy trading

2,5

Second broker:

Feature C

First broker:

No trading on mobile app

1,0

Second broker:

Summary Score

First broker:

2,00

Second broker:

Research Tools/Guidance

Value

Score

Value

Score

Financial Commentary

First broker:

Twice daily updates

2,5

Second broker:

Technical Anlaysis

First broker:

Included in commentary

2,5

Second broker:

Other Guidance

First broker:

Basic tools

2,0

Second broker:

Summary Score

First broker:

2,33

Second broker:

Education Support

Value

Score

Value

Score

Basic Library

First broker:

Good to average above

2,5

Second broker:

Webinars/Support

First broker:

ebooks, webinars, videos

2,0

Second broker:

General

First broker:

69% loss rate on CFDs

2,0

Second broker:

Summary Score

First broker:

2,17

Second broker:

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

YES

3,0

Second broker:

Responsiveness

First broker:

Above average

2,5

Second broker:

FAQs? Quality?

First broker:

Average

2,0

Second broker:

Summary Score

First broker:

2,50

Second broker:

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Auto-trading platform

2,5

Second broker:

Pro #2

First broker:

Social/Copy trading

2,5

Second broker:

Pro #3

First broker:

Low fees but confusing

2,0

Second broker:

Con #1

First broker:

Low asset coverage

1,5

Second broker:

Con #2

First broker:

Confusing options platforms

1,0

Second broker:

Con #3

First broker:

No spread betting in UK

1,0

Second broker:

Summary Score

First broker:

1,75

Second broker:

General Average Rating - 3 scale

General Average Rating - 3 scale

First broker:

2,13

Second broker:

Broker links

Second broker: Read Full Review

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