Binance
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Investing in cryptocurrencies involves risk.

Vs.

CMC Markets
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71% of retail CFD accounts lose money.

Binance Vs. CMC Markets - Compare and Choose the Right One

Updated Jan 12 2022

Visit

Investing in cryptocurrencies involves risk.

Visit

71% 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.

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.

Best For
  • 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
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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
  • 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
The Bad
  • 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
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required

Only to increase withdrawal limits:

  • 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.

🏛 Financial Regulators

None, not required at the moment.

  • ASIC (Australia)
  • FCA (UK)
  • IIROC (Canada)
  • MAS (Singapore)
  • BaFin (Germany)
📍 Year Founded
2017 1989
💳 Minimum Deposit
0 0
💰 Payment Methods
  • All supported cryptocurrencies
  • Bank transfers
  • Visa
  • Mastercard
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
All supported cryptocurrencies. 10 - AUD, GBP, CAD, EUR, NZD, NOK, PLN, SGD, SEK, USD.
🗽 Available to U.S Citizens
Yes (excluding few states) No
❌ Restricted Countries
None US, JP, SY, ZA, IR.
📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets
  • More than 700+ real cryptocurrencies
  • A wide selection of derivatives based on real cryptocurrencies such as futures, vanilla options, etc.

CFDs on stocks, ETFs, currencies, cryptocurrencies, commodities, indices and bonds

📙 Stocks
N/A 10,169
📘 Currency Pairs
N/A 330+
📗 Commodities
N/A 124
📕 Indices
N/A 95
📔 ETFs
N/A 1084
💸 Cryptocurrencies
700+ 18 (Not available in the U.K)
📒 Bonds
N/A 55
📓 Options
N/A N/A
📗 Futures
N/A

CFDs on commodities futures contracts with various expiration dates.

📝 Notes:

Binance specialises in real cryptocurrencies and tokenised derivatives based on their own cryptocurrency offering.

N/A
Trading Experience
📈 Minimum Stock Trade Size
N/A 1 Share
📉 Minimum ETFs Trade Size
N/A 1 ETF
📈 Minimum Crypto Trade Size
$10 Varies per cryptocurrency (eg: 0.01 BTC)
📉 Minimum FX Trade Size
N/A $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
N/A 1 Contract
📉 Minimum Bonds Trade Size
N/A 1 Contract
📈 Minimum Futures Trade Size
N/A 1 Contract
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:20 Up to 1:30
💪 Professional Leverage
N/A Up to 1:500
✍ Customisable Leverage
N/A 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
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
No

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

💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

Binance charges a 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. 

Spreads
📈 EUR/USD
N/A Dynamic - From 0.7 Pips
📉 SP500
N/A From 60 Pips
📈 GOLD
N/A From 30 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market Spread
📉 BTC
Dynamic - From $1 N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes

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