Binance
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Investing in cryptocurrencies involves risk.

Vs.

eToro
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78% of retail CFD accounts lose money.

Binance Vs. eToro - Compare and Choose the Right One

Updated Oct 20 2022

Visit

Investing in cryptocurrencies involves risk.

Visit

78% 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
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

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators

None

  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • 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
  • 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

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 2007
💳 Minimum Deposit Range
0 From $5 to $200
💰 Payment Methods
  • Cryptocurrency
  • 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 Yes
❌ 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 Yes
📊 ECN Account
No Yes
Banking License
No No
Debit Card
Yes No
Assets
📚 Assets Type
Hybrid Hybrid
Total Asset Offering
750 4,245
Exchange Access
0 0
📙 Real Stocks
0 2,000
📙 Stock CFDs
0 2,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
0 47
📗 Commodities
0 0
📗 Commodities CFDs
0 14
📕 Indices
0 0
📕 Indices CFDs
0 13
📔 ETFs
0 0
📔 ETFs CFDs
0 145
💸 Cryptocurrencies
750 0
💸 Cryptocurrency CFDs
0 26
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable $50
📉 Minimum ETFs Trade Size
Unavailable $50
📈 Minimum Crypto Trade Size
$10 $50
📉 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 Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
100 30
💪 Professional Leverage
Unavailable Unavailable
✍ Customisable Leverage
Yes Yes
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
No No
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No No
📺 MetaTrader 5
No No
📺 cTrader
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
None

After 12 months of inactivity, a $10 monthly inactivity fee will be charged.

💰 Deposit Fees
None

$5 per withdrawal.

💰 Withdrawal Fees
None None
💰 Commissions

Fixed 0.1% trade value fee for spot trades.

None
Spreads
📈 EUR/USD
Unavailable Dynamic - From 1 Pip
📉 SP500
Unavailable Dynamic - From 75 Pips
📈 GOLD
Unavailable Dynamic - From 45 Pips
📉 TSLA (Stock CFD)
Unavailable Dynamic - From 0.09%
📈 XLK (ETF - CFD)
Unavailable 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
📡 Educational Content
Yes Yes
📡 Live Chat Support
No No
📡 Video Tutorials
Yes Yes
📡 Account Management
No Yes
📡 Webinars
No No