Comparison of Binomo and Upstox
| Feature | Binomo | Upstox |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 2011 |
| Broker Type | MM | DMA |
| Dealing | B-book | A-book |
| Execution | Instant | Market |
| Regulation | SVGFSA | SEBI, NSE, BSE, MCX |
| Platforms | Binomo | Upstox Pro Web, Upstox Pro Mobile |
| Spread | - N/A | ⬊ Low |
| Maximum Leverage | 1:1 | 1:5 |
| Minimum Deposit | $10 | $1 |
| Base Currencies | USD, EUR | INR |
| 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) | UPI, NetBanking, IMPS/NEFT/RTGS, Debit/Credit Card, Cheque |
| Inactivity Fee | $30 per month after 30 days of inactivity | ✖ |
| 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 | Investor Protection Fund (IPF) |
| Protection Size | €20 000 | ₹2500000 |
| 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 | Equities, Futures & Options, Commodities, Currency Derivatives, Mutual Funds, IPOs |
| Review | Binomo Review | Upstox 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 Upstox
Upstox is a leading Indian discount broker founded in 2011. Regulated by SEBI and a member of NSE, BSE and MCX, it charges a flat ₹20 per executed order and requires no minimum deposit. Traders get leverage up to 5× intraday, advanced Upstox Pro platforms and market depth data across more than 5000 Indian stocks and derivatives.
Pros
- Flat ₹20 brokerage with zero delivery fee
- SEBI‑regulated; member of NSE, BSE & MCX
- Fast, intuitive Upstox Pro Web & Mobile
- Paperless account opening and no minimum balance
- Comprehensive market depth and charting tools
Cons
- Available only to Indian residents/NRI
- Leverage capped at 5× by regulation
- No global FX, CFD or crypto products
Binomo & Upstox Regulation
| Feature | Binomo | Upstox |
|---|---|---|
Companies | Dolphin Corp LLC, Pollack Trade LTD | Upstox Securities Pvt Ltd (ex RKSV Securities India Pvt Ltd) |
Countries | St. Vincent & the Grenadines | India |
Regulators | SVGFSA | SEBI, NSE, BSE, MCX |
Investor Protection | FinancialCommission.org | Investor Protection Fund (IPF) |
Investor Protection Size | €20 000 | ₹2500000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
Binomo
Dolphin Corp LLC, Pollack Trade LTD
Upstox
Upstox Securities Pvt Ltd (ex RKSV Securities India Pvt Ltd)
Countries
Binomo
St. Vincent & the Grenadines
Upstox
India
Regulators
Binomo
SVGFSA
Upstox
SEBI, NSE, BSE, MCX
Investor Protection
Binomo
FinancialCommission.org
Upstox
Investor Protection Fund (IPF)
Investor Protection Size
Binomo
€20 000
Upstox
₹2500000
Publicly Traded
Binomo
Upstox
Segregated Accounts
Binomo
Upstox
Guaranteed Stop Loss
Binomo
Upstox
Negative Balance Protection
Binomo
Upstox
Account Types
| Account | Binomo | Upstox |
|---|---|---|
DMA Account | ||
| Account Name | — | Equity & F&O |
| Min Deposit | — | $1 |
| Lot Size | — | 1 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0 |
| Fee | — | ₹20 per 1 lot |
| Max Leverage | — | 1:5 |
| Stop Out | — | - |
| Margin Call | — | - |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | FTT | — |
| Minimum Deposit | $10 | — |
| Option Types | FTT (Fixed Time Trade), 5-Second Trades (5ST) | — |
| Minimum Stake | $1 | — |
| Payout | from 40% to 90% | — |
| Expiration Time | from 5 seconds to 1 hour | — |
DMA Account
Account Name
Binomo
—
Upstox
Equity & F&O
Min Deposit
Binomo
—
Upstox
$1
Lot Size
Binomo
—
Upstox
1
Spread Type
Binomo
—
Upstox
Floating
Execution
Binomo
—
Upstox
Market
Min Spread
Binomo
—
Upstox
0
Fee
Binomo
—
Upstox
₹20 per 1 lot
Max Leverage
Binomo
—
Upstox
1:5
Stop Out
Binomo
—
Upstox
-
Margin Call
Binomo
—
Upstox
-
Additional Features
Demo Account
Binomo
Upstox
VIP Account
Binomo
Upstox
Swap-Free Account
Binomo
Upstox
Copy Trading
Binomo
Upstox
VPS
Binomo
Upstox
PAMM/MAM Accounts
Binomo
Upstox
Binary Options
Account
Binomo
FTT
Upstox
—
Minimum Deposit
Binomo
$10
Upstox
—
Option Types
Binomo
FTT (Fixed Time Trade), 5-Second Trades (5ST)
Upstox
—
Minimum Stake
Binomo
$1
Upstox
—
Payout
Binomo
from 40% to 90%
Upstox
—
Expiration Time
Binomo
from 5 seconds to 1 hour
Upstox
—
Funding and Fees
| Feature | Binomo | Upstox |
|---|---|---|
Base currencies | USD, EUR | INR |
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) | UPI, NetBanking, IMPS/NEFT/RTGS, Debit/Credit Card, Cheque |
Inactivity fee | $30 per month after 30 days of inactivity | |
Interest on margin | ||
Withdrawal fee | One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence |
Base currencies
Binomo
USD, EUR
Upstox
INR
Deposit and withdrawal methods
Binomo
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)
Upstox
UPI, NetBanking, IMPS/NEFT/RTGS, Debit/Credit Card, Cheque
Inactivity fee
Binomo
$30 per month after 30 days of inactivity
Upstox
Interest on margin
Binomo
Upstox
Withdrawal fee
Binomo
One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence
Upstox
Trading Platforms and Conditions
| Feature | Binomo | Upstox |
|---|---|---|
Trading Platforms | Binomo | Upstox Pro Web, Upstox Pro Mobile |
Execution Speed | 50 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | N/A | low |
Trading Platforms
Binomo
Binomo
Upstox
Upstox Pro Web, Upstox Pro Mobile
Execution Speed
Binomo
50 ms
Upstox
-
Scalping
Binomo
Upstox
Expert Advisors (EAs)
Binomo
Upstox
Depth of Market (DOM)
Binomo
Upstox
Spread
Binomo
N/A
Upstox
low
Trading Assets
| Asset | Binomo | Upstox |
|---|---|---|
Currencies | 28 | 4 |
Indices | 5 | 0 |
Stocks | 28 | 5000 |
Cryptocurrencies | 6 | 0 |
Bonds | 0 | 0 |
Metals | 2 | 0 |
Energies | 1 | 0 |
Soft Commodities | 0 | 0 |
ETFs | 0 | 0 |
Currencies
Binomo
28
Upstox
4
Indices
Binomo
5
Upstox
0
Stocks
Binomo
28
Upstox
5000
Cryptocurrencies
Binomo
6
Upstox
0
Bonds
Binomo
0
Upstox
0
Metals
Binomo
2
Upstox
0
Energies
Binomo
1
Upstox
0
Soft Commodities
Binomo
0
Upstox
0
ETFs
Binomo
0
Upstox
0
Education and Analytics
| Feature | Binomo | Upstox |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
Binomo
Upstox
Indicators
Binomo
Upstox
Robots
Binomo
Upstox
Signals
Binomo
Upstox
Autochartist
Binomo
Upstox
Expert Analytics
Binomo
Upstox
News Feed
Binomo
Upstox
Education Articles
Binomo
Upstox
Webinars
Binomo
Upstox
Seminars
Binomo
Upstox
Customer Support
| Contact | Binomo | Upstox |
|---|---|---|
Email | support@binomo.com | support@upstox.com |
Phone | — | 022-41792999 |
Telegram | Telegram | Telegram |
Whatsapp | — | |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Email
Binomo
Upstox
Phone
Binomo
—
Upstox
Whatsapp
Binomo
—
Upstox
LinkedIn
Binomo
—
Upstox
Which Broker is Better?
After comparing Binomo and Upstox, Binomo 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.
More Comparisons
Binomo Comparisons
Upstox Comparisons
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.