Updated May 13 2022
Overview | |
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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 | |
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Licenses | |
![]() Financial Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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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:
All documents must be under the account holder's name. |
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 | |
💵 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 | |
📙 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 |