Binance Vs. Plus500 - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit Investing in cryptocurrencies involves risk.	Visit 77% 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.	Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options.
Best For
Avid cryptocurrency traders and investors from intermediate to expert levels Day traders looking for a high liquidity exchange with competitive fees	Intermediate traders looking to trade short term Experienced traders looking to speculate using CFDs based on options
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 3 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
None	CySec (Cyprus) FCA (UK) ASIC (Australia) MAS (Singapore)
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	CFDs on american options offered Low minimum trade sizes Propietary platform with multi-charting tools
The Bad
Interface can be complex to use for beginners The wide selection of products and derivatives can also be intimidating for beginners	No ability to remove leverage All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
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	2008
💳 Minimum Deposit Range
0	$100
💰 Payment Methods
Cryptocurrency Bank transfers Visa Mastercard	Visa Mastercard Bank Transfer Paypal Skrill
💵 Account Base Currencies
All supported cryptocurrencies.	16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD.
🗽 Available to U.S Citizens
Yes	No
❌ Restricted Countries
None	US, CA, CU, SY, IR.
📊 STP Account
No	Yes
📊 DMA Account
No	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
Yes	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
750	2,245
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
0	2,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
0	70
📗 Commodities
0	0
📗 Commodities CFDs
0	25
📕 Indices
0	0
📕 Indices CFDs
0	26
📔 ETFs
0	0
📔 ETFs CFDs
0	95
💸 Cryptocurrencies
750	0
💸 Cryptocurrency CFDs
0	14
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	15
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	Variable - Fractions Allowed
📉 Minimum ETFs Trade Size
Unavailable	Variable - Fractions Allowed
📈 Minimum Crypto Trade Size
$10	Varies by Crypto (Eg: 0.001 BTC)
📉 Minimum FX Trade Size
Unavailable	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Unavailable	Varies by Commoditty (Eg: 0.2 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Varies by Option (Eg: 5 contracts of Tesla Calls)
💪 Retail Leverage
100	30
💪 Professional Leverage
Unavailable	300
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
No	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	No
📺 MetaTrader 5
No	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 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
None	$10 every 3 months of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Fixed 0.1% trade value fee for spot trades.	None
Spreads
📈 EUR/USD
Unavailable	Dynamic - From 0.8 Pips
📉 SP500
Unavailable	Dynamic - From 70 Pips
📈 GOLD
Unavailable	Dynamic - From 30 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From $5.2
📈 XLK (ETF - CFD)
Unavailable	Dynamic - From 7 Pips
📉 BTC
Dynamic - From $1	Dynamic - From $136
Research and Analysis
⭐ Watchlists
Yes	No
🔭 Stock Screener
No	No
🗓 Economic Calendar
No	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
No	Yes
📡 Video Tutorials
Yes	No
📡 Account Management
No	No
📡 Webinars
No	No