AvaTrade Vs. Binance - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 71% of retail CFD accounts lose money.	Visit Investing in cryptocurrencies involves risk.
Overview
AvaTrade is a top-tier multinational broker with more than 7 financial regulators specialising in FX and options trading with their own proprietary platforms.	Binance is a global cryptocurrency exchange founded in 2017 in China with the aim of providing the ultimate trading solution. Currently, they offer more than 700+ cryptocurrencies, derivatives (such as Vanilla options, futures, staking), a Launchpad platform for ICOs and many more services such as several trading platforms with different complexity levels.
Best For
New traders looking for a more advanced forex and options platform Experienced traders looking to take advantage of their fixed spreads Experienced traders looking to trade FX options	Avid cryptocurrency traders and investors from intermediate to expert levels Day traders looking for a high liquidity exchange with competitive fees
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 6 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) FFAJ (Japan) CBI (Ireland) IIROC (Canada) CySec (Cyprus) FSCA (South Africa) ADGM (United Arab Emirates) ISA (Israel)	None
The Good
AvaProtect feature for negative trades payback Great variety of platforms (proprietary ones, MT4 & MT5) Smooth platform experiences and easy account management Custom Options trading platform	Largest cryptocurrency exchange in the world by liquidity Massive cryptocurrencies selection available (700+) Large amount of financial products in the form of derivatives (Vanilla options, futures, etc) Advanced trading platforms with visual order books at no cost
The Bad
Lack of variety in stocks, ETFs and bonds Expensive inactivity fees No multi-chart tools High trade minimums in all assets except forex	Interface can be complex to use for beginners The wide selection of products and derivatives can also be intimidating for beginners
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2006	2017
💳 Minimum Deposit Range
$100	0
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal	Cryptocurrency Bank transfers Visa Mastercard
💵 Account Base Currencies
4 - USD, GBP, EUR, CHF.	All supported cryptocurrencies.
🗽 Available to U.S Citizens
No	Yes
❌ Restricted Countries
US, BE, IR.	None
📊 STP Account
No	No
📊 DMA Account
No	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	Yes
Assets
📚 Assets Type
CFDs	Hybrid
Total Asset Offering
863	750
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
626	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
55	0
📗 Commodities
0	0
📗 Commodities CFDs
27	0
📕 Indices
0	0
📕 Indices CFDs
33	0
📔 ETFs
0	0
📔 ETFs CFDs
59	0
💸 Cryptocurrencies
0	750
💸 Cryptocurrency CFDs
17	0
📒 Bonds
0	0
📒 Bonds CFDs
2	0
📓 Options
0	0
📓 Options CFDs
44	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Variable - From 1 to 100 units	Unavailable
📉 Minimum ETFs Trade Size
Variable - From 1 to 100 units	Unavailable
📈 Minimum Crypto Trade Size
Variable (eg: BTC 0.01, ETH 0.1)	$10
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	Unavailable
📈 Minimum Commodities Trade Size
Variable (eg: 1 ounce of gold)	Unavailable
📉 Minimum Bonds Trade Size
10 units	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
10,000 FX Option contracts	Unavailable
💪 Retail Leverage
30	100
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	No
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
No	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
$50 per quarter after 3 months of inactivity.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
None	Fixed 0.1% trade value fee for spot trades.
Spreads
📈 EUR/USD
Dynamic - From 0.9 Pips	Unavailable
📉 SP500
Dynamic - From 50 Pips	Unavailable
📈 GOLD
Dynamic - From 34 Pips	Unavailable
📉 TSLA (Stock CFD)
Dynamic - From $1.92	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $137.31	Dynamic - From $1
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	No
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	Yes
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	Yes
📡 Account Management
No	No
📡 Webinars
No	No