Binance
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Investing in cryptocurrencies involves risk.

Vs.

Alvexo
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77.88% of retail CFD accounts lose money.

Binance Vs. Alvexo - Compare and Choose the Right One

Updated Oct 20 2022

Visit

Investing in cryptocurrencies involves risk.

Visit

77.88% of retail CFD accounts lose money.

Overview

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.

Alvexo is a Cypriot broker founded and regulated in 2014 that specialises in CFDs trading via MT4 and their proprietary trading platform. As of August 3rd 2022, Alvexo's CySec license is partially suspended making them unavailable in French territory.

Best For
  • Avid cryptocurrency traders and investors from intermediate to expert levels
  • Day traders looking for a high liquidity exchange with competitive fees
  • At the moment, no user category is best served by Alvexo
Licenses

Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators

None

  • CySec (Cyprus)
  • FSAS (Seychelles)
The Good
  • 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
  • Very simple and easy to use proprietary platform along with MT4
  • Trading Singals offered (untested)
The Bad
  • Interface can be complex to use for beginners
  • The wide selection of products and derivatives can also be intimidating for beginners
  • High minimum deposit without any benefits for the requirement
  • Amongst the highest spreads we have seen for brokers in the same category
  • Asset offering is low (below 500 instruments)
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
2017 2014
💳 Minimum Deposit Range
0 500
💰 Payment Methods
  • Cryptocurrency
  • Bank transfers
  • Visa
  • Mastercard
  • Credit Card
  • Debit Card
  • Bank Transfer
  • Neteller
💵 Account Base Currencies
All supported cryptocurrencies. 3 - EUR, USD, GBP
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
None

US, CA, SY, IR.

📊 STP Account
No No
📊 DMA Account
No No
📊 ECN Account
No No
Banking License
No No
Debit Card
Yes No
Assets
📚 Assets Type
Hybrid CFDs
Total Asset Offering
750 443
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
0 337
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
0 54
📗 Commodities
0 0
📗 Commodities CFDs
0 13
📕 Indices
0 0
📕 Indices CFDs
0 15
📔 ETFs
0 0
📔 ETFs CFDs
0 0
💸 Cryptocurrencies
750 0
💸 Cryptocurrency CFDs
0 22
📒 Bonds
0 0
📒 Bonds CFDs
0 2
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable 1 Share
📉 Minimum ETFs Trade Size
Unavailable Unavailable
📈 Minimum Crypto Trade Size
$10 $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
Unavailable $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Unavailable $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable 1 Bond
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
100 30
💪 Professional Leverage
Unavailable 300
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
No Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No No
Fees
💰 Inactivity Fee
None

$10 monthly after 3 months of inactivity.

💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions

Fixed 0.1% trade value fee for spot trades.

None
Spreads
📈 EUR/USD
Unavailable From 2.9 Pips to 14 Pips
📉 SP500
Unavailable From 175 Pips to 100 Pips
📈 GOLD
Unavailable From 90 to 50 Pips
📉 TSLA (Stock CFD)
Unavailable From $1.91 to $1.41
📈 XLK (ETF - CFD)
Unavailable Unavailable
📉 BTC
Dynamic - From $1 From $192.21
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
No Yes
📡 Video Tutorials
Yes Yes
📡 Account Management
No Yes
📡 Webinars
No Yes