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


Visit Investing in cryptocurrencies involves risk.	Visit 74.34% 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.	FP Markets is a leading Australian broker with a 10,000+ asset offering accompanied by a great variety of tech options such as deploying your own VPS and accessing ENC / DMA pricing.
Best For
Avid cryptocurrency traders and investors from intermediate to expert levels Day traders looking for a high liquidity exchange with competitive fees	Professional traders looking for DMA pricing on their stocks Professional traders looking to set up a dedicated VPS High volume share traders that benefit from DMA pricing
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 1 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
None	ASIC (Australia) CySec (Cyprus) FSA (St. Vincent and the Grenadines)
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	Competitive spreads From 0 pips MT4 and MT5 offered Over 10,000 + shares
The Bad
Interface can be complex to use for beginners The wide selection of products and derivatives can also be intimidating for beginners	No ETFs are offered Stock trading commissions are expensive when compared to similar brokers Website is slow and confusing Fees for the majority of deposit and withdrawal methods
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	2005
💳 Minimum Deposit Range
0	$100
💰 Payment Methods
Cryptocurrency Bank transfers Visa Mastercard	Visa Mastercard Bank Transfer Paypal Neteller Skrill FasaPay PayTrust China Union Pay Bpay Broker to broker Sticpay Plusdebit Rupee Payments Dragonpay Perfect Money Paylivre Rapyd Finrax Fairpay
💵 Account Base Currencies
All supported cryptocurrencies.	10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.
🗽 Available to U.S Citizens
Yes	No
❌ Restricted Countries
None	US, JP, BE, NZ, SY.
📊 STP Account
No	Yes
📊 DMA Account
No	Yes
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
Yes	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
750	10,403
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
0	10,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
0	63
📗 Commodities
0	0
📗 Commodities CFDs
0	15
📕 Indices
0	0
📕 Indices CFDs
0	17
📔 ETFs
0	0
📔 ETFs CFDs
0	295
💸 Cryptocurrencies
750	0
💸 Cryptocurrency CFDs
0	11
📒 Bonds
0	0
📒 Bonds CFDs
0	2
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	Variable
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
$10	Unavailable
📉 Minimum FX Trade Size
Unavailable	$1,000 - (0.01 Lots)
📈 Minimum Commodities Trade Size
Unavailable	Varies by Commodity (Eg: 0.01 Troy ounces of Gold)
📉 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	500
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
No	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
No	Yes
📺 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	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.
💰 Commissions
Fixed 0.1% trade value fee for spot trades.	No commission on their Standard Account $3 per side (lot) commission on their RAW Account
Spreads
📈 EUR/USD
Unavailable	Dynamic - From 0 to 1.2 Pips
📉 SP500
Unavailable	Dynamic - From 40 to 60 Pips
📈 GOLD
Unavailable	Dynamic - From 0 to 31 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $1	Dynamic - From $9 to $21
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
No	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	Yes
📡 Live Chat Support
No	Yes
📡 Video Tutorials
Yes	Yes
📡 Account Management
No	Yes
📡 Webinars
No	Yes