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


Visit Investing in cryptocurrencies involves risk.	Visit Your Capital is at risk.
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.	Skilling is a multi-platform global broker founded in 2016 that specialises in 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	Forex traders who want relatively straightforward, intuitive platforms with low commissions Beginner traders who need assistance implementing first trades
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 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
None	CySec (Cyprus) FSAS (Seychelles)
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	Multiple intuitive platforms for traders with different levels of experience Several payment methods for deposits and withdrawals No commission for standard accounts Trade Assistant tool is great for beginners opening their first trade
The Bad
Interface can be complex to use for beginners The wide selection of products and derivatives can also be intimidating for beginners	Doesn’t allow deleveragred trading or customizable leverage Charges commission on forex and spot metal trading for premium accounts Asset offering is not that comprehensive
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	2016
💳 Minimum Deposit Range
0	From $100 to $5,000
💰 Payment Methods
Cryptocurrency Bank transfers Visa Mastercard	Visa Mastercard Fasapay Webmoney PayRetailers PayTrust Pagsmile Directa NganLuong.vn UnionPay Skrill Neteller Bank Transfer
💵 Account Base Currencies
All supported cryptocurrencies.	5 - EUR, USD, GBP, NOK, SEK.
🗽 Available to U.S Citizens
Yes	No
❌ Restricted Countries
None	US, 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	938
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
0	762
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
0	73
📗 Commodities
0	0
📗 Commodities CFDs
0	6
📕 Indices
0	0
📕 Indices CFDs
0	18
📔 ETFs
0	0
📔 ETFs CFDs
0	45
💸 Cryptocurrencies
750	0
💸 Cryptocurrency CFDs
0	34
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 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 per Cryptocurrency (Eg: 0.01 BTC, 0.5 LTC)
📉 Minimum FX Trade Size
Unavailable	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Unavailable	Varies per commodity (eg: Gold 0.1 contracts, Silver 10 contracts)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
100	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
No	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
No	No
📺 cTrader
No	Yes
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	Yes
💻 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
None	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Fixed 0.1% trade value fee for spot trades.	Skilling charges commission on its forex pairs and spot metals for its premium account. The commission starts from $35 per million USD traded (eg: EUR/USD $35, GBP/USD $40 and Gold $60).
Spreads
📈 EUR/USD
Unavailable	Dynamic - From 0 to 1.3 Pips
📉 SP500
Unavailable	Dynamic - From 120 Pips
📈 GOLD
Unavailable	Dynamic - From 36 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From $4.62
📈 XLK (ETF - CFD)
Unavailable	Dynamic - From $0.84
📉 BTC
Dynamic - From $1	Dynamic - From $131.8
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
No	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
No	No
📡 Video Tutorials
Yes	No
📡 Account Management
No	No
📡 Webinars
No	No