Binance
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Investing in cryptocurrencies involves risk.

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Markets.com
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70% of retail CFD accounts lose money

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

Updated Jan 12 2022

Visit

Investing in cryptocurrencies involves risk.

Visit

70% 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.

Markets.com is an international broker that offers share dealing and CFD trading accounts through their own proprietary platform or MT4 and MT5.

Best For
  • Avid cryptocurrency traders and investors from intermediate to expert levels
  • Day traders looking for a high liquidity exchange with competitive fees
  • Passive investors looking for share dealing services with the intent to hold shares over long perios of time
  • High volume CFD traders looking for exposure to several markets using their platform, MT4 or MT5
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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
  • Clear separation between investors and Traders by offering share dealing accounts and CFD trading accounts
  • Wide range of platforms (Proprietary, MT4, MT5)
  • Wide range of stocks and stock CFDs
The Bad
  • Interface can be complex to use for beginners
  • The wide selection of products and derivatives can also be intimidating for beginners
  • Minimum trade sizes larger than average
  • Spreads above average
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.

  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • FSA (South Africa)
📍 Year Founded
2017 2008
💳 Minimum Deposit
0 $, €, £ - 100
💰 Payment Methods
  • All supported cryptocurrencies
  • Bank transfers
  • Visa
  • Mastercard
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Paypal
  • Skrill
💵 Account Base Currencies
All supported cryptocurrencies. 11 - USD, EUR, GBP, PLN, SEK, DKK, NOK, ZAR, CZK, CHF, AUD.
🗽 Available to U.S Citizens
Yes (excluding few states) No
❌ Restricted Countries
None US, JP, CA, BE.
📊 STP Account
No No
📊 DMA Account
No No
📊 ECN Account
No No
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, indices and bonds
📙 Stocks
N/A 2,008 CFDs
📘 Currency Pairs
N/A 67
📗 Commodities
N/A 28
📕 Indices
N/A 40
📔 ETFs
N/A 66
💸 Cryptocurrencies
700+ 25
📒 Bonds
N/A 4
📓 Options
N/A NA
📗 Futures
N/A NA
📝 Notes:

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

Markets.com also offers share dealing account with real stocks from 16 exchanges worldwide.

Trading Experience
📈 Minimum Stock Trade Size
N/A 1 Stock
📉 Minimum ETFs Trade Size
N/A 1 ETF
📈 Minimum Crypto Trade Size
$10 Varies by Crypto (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
N/A $1,000
📈 Minimum Commodities Trade Size
N/A Varies by Commoditty (Eg: 1 Gold Contract)
📉 Minimum Bonds Trade Size
N/A Varies by Bond (Eg: 10 GER10Y Bond contracts)
📈 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 Up to 1:300
✍ Customisable Leverage
N/A No
🎲 Deleveraged Trading
Yes Yes
🎓 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 - You can't log in through TradingView but their internal platform uses TradingView Charts
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No No
Fees
💰 Inactivity Fee
No Yes, $10 each month after 3 months of inactivity
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

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

No comissions on CFDs. For share dealing, the first 3 months are commission free, then the structure is:
  • EU Shares = 0.1% (min €10)
  • UK Shares = 0.1% (min £8)
  • US Shares = 2c (min $15)
  • AU Shares = 0.1% (min A$10)
Spreads
📈 EUR/USD
N/A Dynamic - From 0.7 Pips
📉 SP500
N/A Dynamic - From 100 Pips
📈 GOLD
N/A Dynamic - From 50 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - From $1.81
📈 XLK (ETF - CFD)
N/A Dynamic - From $0.31
📉 BTC
Dynamic - From $1 Dynamic - From $104.10
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No, but Investment Strategy Builder is offered
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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