Short answer
Olymp Trade is ahead on our score, 3.9/5 against 3.7/5 for Binomo.
Olymp Trade fits: Traders who want a mature app and a registered company
Skip Olymp Trade if: You need a strong regulator or live in India
Binomo fits: Beginners who enjoy contests and small stakes
Skip Binomo if: You want trades longer than an hour or a regulator behind the platform
Score by score
Olymp Trade 3.9/5
- Platform and apps4.5
- Costs and minimums4.4
- Payment options4.4
- Support4.2
- Licensing and openness2.6
Binomo 3.7/5
- Platform and apps4.2
- Costs and minimums4.3
- Payment options4.4
- Support4.0
- Licensing and openness2.3
How the two sites look
Olymp Trade and Binomo in brief
Olymp Trade (2014). Olymp Trade has offered fixed-time trades since 2014 and later added forex and CFDs. It targets small-budget traders who want short trades on currencies, crypto, commodities and shares, and it has long marketed heavily in South and Southeast Asia.
Binomo (2014). Binomo has offered short fixed-time trades since 2014, aimed at beginners in Asia, Africa and Latin America, with a game-like screen and frequent contests.
Licence and safetyBetter here: Olymp Trade
Neither Olymp Trade nor Binomo is authorised by a leading regulator or by any regulator in Asia. Both run through offshore companies, so there is no compensation fund and no local authority to complain to.
Official warnings and alert-list entries we found: Olymp Trade 1, Binomo 1.
| What we compare | Olymp Trade | Binomo |
|---|---|---|
| Licence | No leading regulator. Its operator is registered in Vanuatu and it belongs to The Financial Commission, a private dispute body. | No government regulator. Dolphin Corp LLC in St Vincent and the Grenadines runs it; it is a Financial Commission member. |
| Official warnings we found | RBI | RBI |
| Dispute body | Member of The Financial Commission (private dispute body) | Member of The Financial Commission (private dispute body) |
On licensing and openness Olymp Trade scores higher (2.6 vs 2.3).
Entry cost and chargesBetter here: Olymp Trade
Both ask for the same first deposit: $10. The smallest trade is $1 on Olymp Trade and $1 on Binomo.
| What we compare | Olymp Trade | Binomo |
|---|---|---|
| Lowest deposit | $10 | $10 |
| Lowest trade | $1 | $1 |
| Charges | No pay-in fee listed; spreads and swaps on forex trades | No pay-in or pay-out fee listed; bonuses carry volume rules |
| Pay-out charges | No platform fee listed; payment providers may charge | None listed |
| Dormant account fee | Check the current terms | Check the current terms |
| Bonus | Promo codes and deposit bonuses with conditions | Deposit bonuses with volume rules |
Payouts and the win rate you needBetter here: Olymp Trade
Olymp Trade advertises the higher top payout (93% vs 90%), which cuts the win rate you need to break even from 52.6% to 51.8%.
| What we compare | Olymp Trade | Binomo |
|---|---|---|
| Top payout | 93% | 90% |
| Win rate to break even | 51.8% | 52.6% |
| Note | 93% applies to selected assets; quieter hours pay less | 90% is the advertised top on selected assets |
Top payouts apply to a few assets at the busiest hours. Look at the payout on the trade ticket before you open a trade; it is often lower.
Platform and phone appsBetter here: Olymp Trade
Olymp Trade. An in-house web platform with tidy charts, indicators and trade history; fixed-time and forex modes share one screen.
Binomo. A fast browser platform: chart, stake, timer and an up or down button, with contests and achievements alongside.
| What we compare | Olymp Trade | Binomo |
|---|---|---|
| Platform | Browser, Android, iPhone | Browser, Android, iPhone |
| Android | Yes | Yes |
| iPhone | Yes | Yes |
| Extras | Account levels, Strong charts | Account levels, Contests, Easy layout |
Instruments and trade durations
| What we compare | Olymp Trade | Binomo |
|---|---|---|
| Instruments | 100+ | – |
| Markets | Currencies, Crypto, Commodities, Shares, Indices | Currencies, Crypto, Commodities, Shares, Indices |
| Trade durations | 5 seconds – 23 hours | 1 minute – 1 hour |
Paying in and cashing outLevel
Olymp Trade. USD 10 minimum. ID and address checks come before the first pay-out; higher levels are processed first.
Binomo. USD 10 minimum; speed depends on your level, with VIP first.
| What we compare | Olymp Trade | Binomo |
|---|---|---|
| Pay-in methods | Cards, E-wallets, Crypto, Local payment methods | Cards, E-wallets, Crypto, Local payment methods |
| Pay-out methods | Cards, E-wallets, Crypto, Local payment methods | Cards, E-wallets, Crypto, Local payment methods |
| Smallest withdrawal | $10 | $10 |
| Pay-out speed | Depends on account level and method; higher levels first | Faster on Gold and VIP |
Practice accountLevel
Both have a free practice account, so you can try the two platforms with virtual money before depositing.
| What we compare | Olymp Trade | Binomo |
|---|---|---|
| Practice balance | Yes | Yes |
| Try without signing up | – | – |
SupportBetter here: Olymp Trade
| What we compare | Olymp Trade | Binomo |
|---|---|---|
| How to reach support | Live chat, Email, Help pages | Live chat, Email, Help pages |
| Support | 4.2/5 | 4.0/5 |
Which markets they acceptLevel
Olymp Trade accepts residents of 18 of the markets we cover, Binomo of 18.
Strengths and weak points
Olymp Trade
- +Operator registered in Vanuatu; Financial Commission member since 2016
- +Payouts up to 93% and timers from 5 seconds to 23 hours
- +Low entry: USD 10 deposit and USD 1 trades
- +Well-made web platform and apps
- −No strong regulator; Vanuatu oversight is light
- −On the Reserve Bank of India's Alert List
- −Best conditions only on higher account levels
- −Closed to the US, UK, Canada and the EEA
Binomo
- +USD 10 deposits and USD 1 trades
- +Easy screen with daily contests
- +Many local payment methods in Asia
- +Category A member of The Financial Commission
- −No public regulator; company in St Vincent and the Grenadines
- −On the Reserve Bank of India's Alert List
- −Trades last at most one hour
- −Better payouts and faster pay-outs only on Gold and VIP
So, Olymp Trade or Binomo?
Olymp Trade is better in 5 of 7 categories here. Olymp Trade is ahead on our score, 3.9/5 against 3.7/5 for Binomo.
Our choice: Olymp Trade
Olymp Trade fits: Traders who want a mature app and a registered company
Whichever you pick, practise on the demo first, keep the first deposit small and withdraw part of it before adding more. Binary options are high-risk and most retail accounts lose money.
Quick answers
Olymp Trade or Binomo: which is better?
Olymp Trade is ahead on our score (3.9/5 vs 3.7/5). Olymp Trade fits: Traders who want a mature app and a registered company. Binomo fits: Beginners who enjoy contests and small stakes.
Which needs a smaller deposit, Olymp Trade or Binomo?
Both ask for the same first deposit: $10.
Which pays more, Olymp Trade or Binomo?
Olymp Trade advertises the higher top payout (93% vs 90%), which cuts the win rate you need to break even from 52.6% to 51.8%.
Does any regulator supervise Olymp Trade or Binomo?
No leading regulator and no Asian regulator licenses either of them. Both work through offshore companies, so your money has little protection.
More comparisons and guides
- Pocket Option vs Olymp Trade
- Pocket Option vs Binomo
- IQ Option vs Olymp Trade
- IQ Option vs Binomo
- Expert Option vs Olymp Trade
- Expert Option vs Binomo
- Olymp Trade vs Binarium
- Olymp Trade vs IQcent
Olymp Trade review →Binomo review →Is Olymp Trade legit? →Is Binomo legit? →
