Updated Jul 12 2022
Overview | |
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CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies. |
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. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 5 Other Licenses 0 Provided by |
![]() Financial Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 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 |
📋 Documents Required | |
All documents must be under the account holder's name. |
Only to increase withdrawal limits:
All documents must be under the account holder's name. |
📍 Year Founded | |
1989 | 2017 |
💳 Minimum Deposit | |
0 | 0 |
💰 Payment Methods | |
💵 Account Base Currencies | |
10 - AUD, GBP, CAD, EUR, NZD, NOK, PLN, SGD, SEK, USD. | All supported cryptocurrencies. |
🗽 Available to U.S Citizens | |
No | Yes (excluding few states) |
❌ Restricted Countries | |
US, JP, SY, ZA, IR. | None |
📊 STP Account | |
No | No |
📊 DMA Account | |
Yes | No |
📊 ECN Account | |
Yes | No | Assets |
📚 Available Assets | |
📙 Stocks | |
10,169 | N/A |
📘 Currency Pairs | |
330+ | N/A |
📗 Commodities | |
124 | N/A |
📕 Indices | |
95 | N/A |
📔 ETFs | |
1084 | N/A |
💸 Cryptocurrencies | |
18 (Not available in the U.K) | 700+ |
📒 Bonds | |
55 | N/A |
📓 Options | |
N/A | N/A |
📗 Futures | |
CFDs on commodities futures contracts with various expiration dates. |
N/A |
📝 Notes: | |
N/A | Binance specialises in real cryptocurrencies and tokenised derivatives based on their own cryptocurrency offering. |
Trading Experience |
📈 Minimum Stock Trade Size | |
1 Share | N/A |
📉 Minimum ETFs Trade Size | |
1 ETF | N/A |
📈 Minimum Crypto Trade Size | |
Varies per cryptocurrency (eg: 0.01 BTC) | $10 |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | N/A |
📈 Minimum Commodities Trade Size | |
1 Contract | N/A |
📉 Minimum Bonds Trade Size | |
1 Contract | N/A |
📈 Minimum Futures Trade Size | |
1 Contract | N/A |
📉 Minimum Options Trade Size | |
N/A | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:20 |
💪 Professional Leverage | |
Up to 1:500 | N/A |
✍ Customisable Leverage | |
No | N/A |
🎲 Deleveraged Trading | |
No | Yes |
🎓 Demo Account | |
Yes | No |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | No |
📺 MetaTrader 5 | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | Yes |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
Yes | No |
🔨 Trailing Stop-loss | |
Yes | No | Fees |
💰 Inactivity Fee | |
After 12 months of inactivity, CMC Markets charges a £10 inactivity fee. |
No |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission. |
Binance charges a fixed 0.1% trade value fee for spot trades. |
Spreads |
📈 EUR/USD | |
Dynamic - From 0.7 Pips | N/A |
📉 SP500 | |
From 60 Pips | N/A |
📈 GOLD | |
From 30 Pips | N/A |
📉 TSLA (Stock CFD) | |
Dynamic - Market Spread | N/A |
📈 XLK (ETF - CFD) | |
Dynamic - Market Spread | N/A |
📉 BTC | |
N/A | Dynamic - From $1 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | No |
📜 Integrated Newsfeed | |
Yes | No |
📡 Reuters Feed | |
Yes | No |