Binance Vs. CMC Markets - Compare Trustworthiness, Capabilities, Fees and Legitimacy

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.

CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies.

• Avid cryptocurrency traders and investors from intermediate to expert levels
• Day traders looking for a high liquidity exchange with competitive fees

• Professional high volume traders looking to offset the cost of commissions through larger trades
• Intermediate and professional traders looking for a professional custom platform with customisable layouts

None

• ASIC (Australia)
• FCA (UK)
• IIROC (Canada)
• MAS (Singapore)
• BaFin (Germany)

• 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

• Comprehensive asset offering with more than 12,000+ tradable assets and the possibility to add data connections to exchanges to add more
• Powerful professional platform with customisable layouts and integrated reuters feed

• Interface can be complex to use for beginners
• The wide selection of products and derivatives can also be intimidating for beginners

• High commissions on stocks and ETFs
• Platform is not beginner friendly

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• 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.

• Cryptocurrency
• Bank transfers
• Visa
• Mastercard

• Visa
• Mastercard
• Bank Transfer
• Paypal

US, JP, SY, ZA, IR.

After 12 months of inactivity, CMC Markets charges a £10 inactivity fee.

Fixed 0.1% trade value fee for spot trades.

Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission.