Binance Vs. RoboForex - Compare and Choose the Right One


Visit Investing in cryptocurrencies involves risk.	Visit 74-89% 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.	RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.
Best For
Avid cryptocurrency traders and investors from intermediate to expert levels Day traders looking for a high liquidity exchange with competitive fees	Intermediate and Professional traders looking for different account offerings Experienced traders looking for trading platform variety
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 0 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
None, not required at the moment.	IFSC (International Financial Services Commission of Belize)
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	Comprehensive asset offering with more than 13,000+ instruments Great platform variety (MT4, MT5, cTrader and their own proprietary platforms) Custom account types with spreads from 0 pips
The Bad
Interface can be complex to use for beginners The wide selection of products and derivatives can also be intimidating for beginners	Weak regulatory framework (counting on 1 license from the IFSC) Doesn’t accept clients from the UK, EU and a few other countries
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.
📍 Year Founded
2017	2009
💳 Minimum Deposit
0	$10
💰 Payment Methods
All supported cryptocurrencies Bank transfers Visa Mastercard	Visa Mastercard JCB AstroPay Skrill Neteller Perfect Money AdvCash NganLuong Wallet Bank transfers (SEPA, local and several options per country)
💵 Account Base Currencies
All supported cryptocurrencies.	4 - USD, EUR, CNY, GOLD.
🗽 Available to U.S Citizens
Yes (excluding few states)	No
❌ Restricted Countries
None	US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.
📊 STP Account
No	Yes
📊 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, stocks, indices, ETFs and cryptocurrencies
📙 Stocks
N/A	12,000+
📘 Currency Pairs
N/A	40+
📗 Commodities
N/A	100+
📕 Indices
N/A	50+
📔 ETFs
N/A	1,000+
💸 Cryptocurrencies
700+	16
📒 Bonds
N/A	N/A
📓 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 of RoboForex’s assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
N/A	Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)
📉 Minimum ETFs Trade Size
N/A	Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)
📈 Minimum Crypto Trade Size
$10	Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)
📉 Minimum FX Trade Size
N/A	Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)
📈 Minimum Commodities Trade Size
N/A	Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)
📉 Minimum Bonds Trade Size
N/A	N/A
📈 Minimum Futures Trade Size
N/A	N/A
📉 Minimum Options Trade Size
N/A	N/A
💪 Retail Leverage
Up to 1:20	Up to 1:2000
💪 Professional Leverage
N/A	N/A
✍ 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	No
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
No	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount)
💰 Commissions
Binance charges a fixed 0.1% trade value fee for spot trades.	Yes depending on account type (eg: for ECN accounts there are commissions up to $20).
Spreads
📈 EUR/USD
N/A	Dynamic - From 0 Pips depending on account type, 1.4 Pips on Average
📉 SP500
N/A	Dynamic - Market Spread
📈 GOLD
N/A	Dynamic - From 17 Pips
📉 TSLA (Stock CFD)
N/A	Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A	Dynamic - Market Spread
📉 BTC
Dynamic - From $1	Dynamic - From $220
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
No	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No