Binance
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Investing in cryptocurrencies involves risk.

Vs.

FBS
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76.5% of retail CFD accounts lose money.

Binance Vs. FBS - Compare and Choose the Right One

Updated May 13 2022

Visit

Investing in cryptocurrencies involves risk.

Visit

76.5% 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.

FBS is a global broker established in 2009 that specialises in currencies trading via MetaTrader 4 & 5 platforms along with their own proprietary mobile app.

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 trade via MT4 with really low starting amounts using their Cent or Micro accounts
  • Experienced high volume traders looking for a fixed zero spread account
Licenses

Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
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Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

3

Provided by
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🏛 Financial Regulators

None, not required at the moment.

  • IFSC (Belize)
  • CySec (Cyprus)
  • ASIC (Australia)
  • FSCA (South Africa)
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
  • Clear account offering that covers all levels of traders according to their net worth
  • Proprietary copy trading service
  • Access to high leverage (Up to 1:3000)
The Bad
  • Interface can be complex to use for beginners
  • The wide selection of products and derivatives can also be intimidating for beginners
  • Asset offering is extremely limited with over 100+ instruments
  • Minimum deposit for ECN account is high $1,000
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.

📍 Year Founded
2017 2009
💳 Minimum Deposit
0 From $1 to $1,000
💰 Payment Methods
  • All supported cryptocurrencies
  • Bank transfers
  • Visa
  • Mastercard
  • Visa
  • Mastercard
  • Maestro
  • Neteller
  • Sticpay
  • Skrill
  • Perfect Money
  • Bank Transfer (depending on location and entity)
  • Bitcoin
  • Ethereum
  • USDT (Tether)
💵 Account Base Currencies
All supported cryptocurrencies. 3 - EUR, USD, AUD.
🗽 Available to U.S Citizens
Yes (excluding few states) No
❌ Restricted Countries
None JP, US, CA, MY, IL, IR.
📊 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.

CFDs on stocks, currencies, commodities, cryptocurrencies and indices.

📙 Stocks
N/A 104
📘 Currency Pairs
N/A 102
📗 Commodities
N/A 8
📕 Indices
N/A 12
📔 ETFs
N/A N/A
💸 Cryptocurrencies
700+ 28
📒 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.

All of FBS assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
N/A $1,000 - 0.01 Lots
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
$10 $1,000 - 0.01 Lots
📉 Minimum FX Trade Size
N/A $1,000 - 0.01 Lots
📈 Minimum Commodities Trade Size
N/A $1,000 - 0.01 Lots
📉 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 1:3000
💪 Professional Leverage
N/A N/A
✍ Customisable Leverage
N/A Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
No Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 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 No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

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

FBS commissions vary per account type as follows:

  • Cent account: none
  • Micro account: none
  • Standard account: none
  • Zero spread account: From $20 per lot
  • ECN account: From $6 per lot
  • Crypto account: 0.05% for opening or closing positions
Spreads
📈 EUR/USD
N/A From 0 to 3 Pips based on account type
📉 SP500
N/A Dynamic - From $1.7
📈 GOLD
N/A Dynamic - From 32 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - From $0.08
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
Dynamic - From $1 Dynamic - From $104
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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