Binance
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Investing in cryptocurrencies involves risk.

Vs.

eToro
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68% of retail CFD accounts lose money

Binance Vs. eToro - Compare and Choose the Right One

Updated Jan 12 2022

Visit

Investing in cryptocurrencies involves risk.

Visit

68% 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.

eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.

Best For
  • Avid cryptocurrency traders and investors from intermediate to expert levels
  • Day traders looking for a high liquidity exchange with competitive fees
  • New traders looking to use the copy trading feature
  • Experienced traders looking to monetise their skills by gaining followers
  • Passive investors looking to buy and hold shares with no commissions
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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
  • Social and Copy trading capabilities
  • Trading real shares and cryptocurrencies
The Bad
  • Interface can be complex to use for beginners
  • The wide selection of products and derivatives can also be intimidating for beginners
  • Copy Trading statistics are not clear enough
  • Lack of advanced order placement controls
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 day minimum (may take longer)
📋 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.

  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • FSAS (Seychelles)
📍 Year Founded
2017 2007
💳 Minimum Deposit
0 $50 up to 200
💰 Payment Methods
  • All supported cryptocurrencies
  • Bank transfers
  • Visa
  • Mastercard
  • Visa
  • Mastercard
  • Bank Transfer
  • Sofort
  • Neteller
  • Paypal
  • Skrill
💵 Account Base Currencies
All supported cryptocurrencies. 1 - USD
🗽 Available to U.S Citizens
Yes (excluding few states) Only for crypto Trading
❌ Restricted Countries
None AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM
📊 STP Account
No Yes
📊 DMA Account
No No
📊 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.
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies and indices
📙 Stocks
N/A 2,000+ Real Stocks / 2,000+ CFDs
📘 Currency Pairs
N/A 47
📗 Commodities
N/A 14
📕 Indices
N/A 13
📔 ETFs
N/A 145
💸 Cryptocurrencies
700+ 26
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

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

Real stocks are offered without leverage, all the rest of the assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
N/A $50
📉 Minimum ETFs Trade Size
N/A $50
📈 Minimum Crypto Trade Size
$10 $25
📉 Minimum FX Trade Size
N/A $1,000
📈 Minimum Commodities Trade Size
N/A $1,000
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:20 Up to 1:30
💪 Professional Leverage
N/A Varies
✍ Customisable Leverage
N/A No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
No Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No No
📺 MetaTrader 5
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
No After 12 months of inactivity, a $10 monthly inactivity fee will be charged.
💰 Deposit Fees
No No
💰 Withdrawal Fees
No $5
💰 Commissions

Binance charges a fixed 0.1% trade value fee for spot trades.

No
Spreads
📈 EUR/USD
N/A Dynamic - From 1 Pip
📉 SP500
N/A Dynamic - From 75 Pips
📈 GOLD
N/A Dynamic - From 45 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - From 0.09%
📈 XLK (ETF - CFD)
N/A Dynamic - From 0.09%
📉 BTC
Dynamic - From $1 Dynamic - From 0.75%
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No

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