Binance Vs. Oanda - Compare and Choose the Right One


Visit Investing in cryptocurrencies involves risk.	Visit 78.3% 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.	Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.
Best For
Avid cryptocurrency traders and investors from intermediate to expert levels Day traders looking for a high liquidity exchange with competitive fees	Forex traders of all levels (from beginner to advanced)
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 7 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
None, not required at the moment.	CFTC (U.S) NFA (U.S) ASIC (Australia) FCA (UK) MAS (Singapore) IIROC (Canada) FFAJ (Japan) BVI (British Virgin Islands)
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	High trustworthiness, regulated by the best regulators in the world Fast, simple and professional trading platforms Competitive spreads in their currency pairs
The Bad
Interface can be complex to use for beginners The wide selection of products and derivatives can also be intimidating for beginners	Extremely limited offering of assets (104) No ability to purchase real stocks or cryptocurrencies, only CFDs
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 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. *There is no document verification needed for gross account deposits below US$9,000.
📍 Year Founded
2017	1996
💳 Minimum Deposit
0	$, €, £, - 0.
💰 Payment Methods
All supported cryptocurrencies Bank transfers Visa Mastercard	Visa Mastercard Bank Transfer Paypal
💵 Account Base Currencies
All supported cryptocurrencies.	9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD.
🗽 Available to U.S Citizens
Yes (excluding few states)	Yes
❌ Restricted Countries
None	AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW.
📊 STP Account
No	No
📊 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 currencies, commodities, cryptocurrencies, indices and bonds.
📙 Stocks
N/A	N/A
📘 Currency Pairs
N/A	68
📗 Commodities
N/A	13
📕 Indices
N/A	16
📔 ETFs
N/A	N/A
💸 Cryptocurrencies
700+	4
📒 Bonds
N/A	6
📓 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 Oanda's assets are CFDs. In the case of commodities, they only have 13, but each commodity has various trading pairs against several different currencies, eg: GOLD/EUR, GOLD/CHF, etc.
Trading Experience
📈 Minimum Stock Trade Size
N/A	N/A
📉 Minimum ETFs Trade Size
N/A	N/A
📈 Minimum Crypto Trade Size
$10	Varies by crypto (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
N/A	1 unit of any currency pair (Eg: 1 Euro, 1 Usd, 1 GBP, etc)
📈 Minimum Commodities Trade Size
N/A	Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
N/A	1 unit of any Bond contract
📈 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 1:100
✍ 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	Yes
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	Yes
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
No	Yes, $10 after 1 year of inactivity
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.
💰 Commissions
Binance charges a fixed 0.1% trade value fee for spot trades.	No, but they do charge currency conversion fees. If your account base currency is GBP and you trade the EUR/USD pair, you'll be paying a conversion fee.
Spreads
📈 EUR/USD
N/A	Dynamic - From 0.8 Pips
📉 SP500
N/A	Dynamic - From 30 Pips
📈 GOLD
N/A	Dynamic - From 26 Pips
📉 TSLA (Stock CFD)
N/A	N/A
📈 XLK (ETF - CFD)
N/A	N/A
📉 BTC
Dynamic - From $1	Dynamic - From $100
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
No	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	No