iFOREX Europe
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89.13% of retail CFD accounts lose money.

Vs.

Binance
Visit

Investing in cryptocurrencies involves risk.

iFOREX Europe Vs. Binance - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 20 2022

Visit

89.13% of retail CFD accounts lose money.

Visit

Investing in cryptocurrencies involves risk.

Overview

iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs 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
  • Beginner traders with little to no experience looking to test a simple platform
  • Avid cryptocurrency traders and investors from intermediate to expert levels
  • Day traders looking for a high liquidity exchange with competitive fees
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)

None

The Good
  • Extremely simple platform designed for beginners with little needs
  • 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
The Bad
  • High spreads on all of their instruments
  • Web and mobile platforms are slow and lack tools
  • Their FAQ database doesn’t effectively answer the most common questions any trader could have
  • Interface can be complex to use for beginners
  • The wide selection of products and derivatives can also be intimidating for beginners
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
2018 2017
💳 Minimum Deposit Range
$200 0
💰 Payment Methods
  • Bank Transfer
  • Credit Card
  • Debit Card
  • Cryptocurrency
  • Bank transfers
  • Visa
  • Mastercard
💵 Account Base Currencies
1 - EUR All supported cryptocurrencies.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

US, CA, SY, IR, JP.

None
📊 STP Account
Yes No
📊 DMA Account
No No
📊 ECN Account
No No
Banking License
No No
Debit Card
No Yes
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
584 750
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
400 0
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
50 0
📗 Commodities
0 0
📗 Commodities CFDs
19 0
📕 Indices
0 0
📕 Indices CFDs
32 0
📔 ETFs
0 0
📔 ETFs CFDs
42 0
💸 Cryptocurrencies
0 750
💸 Cryptocurrency CFDs
41 0
📒 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
$2,500 in trade value Unavailable
📉 Minimum ETFs Trade Size
$2,500 in trade value Unavailable
📈 Minimum Crypto Trade Size
$2,500 in trade value $10
📉 Minimum FX Trade Size
$2,500 in trade value Unavailable
📈 Minimum Commodities Trade Size
$2,500 in trade value Unavailable
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 100
💪 Professional Leverage
500 Unavailable
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes No
📱 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
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No No
Fees
💰 Inactivity Fee

iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity.

None
💰 Deposit Fees
None None
💰 Withdrawal Fees

No for credit cards but yes for bank wires (up to $20).

None
💰 Commissions
None

Fixed 0.1% trade value fee for spot trades.

Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Unavailable
📉 SP500
Dynamic - From 90 Pips Unavailable
📈 GOLD
Dynamic - From 35 Pips Unavailable
📉 TSLA (Stock CFD)
Dynamic - From $3 Unavailable
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips Unavailable
📉 BTC
Dynamic - From $120 Dynamic - From $1
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes No
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
No Yes
📡 Live Chat Support
No No
📡 Video Tutorials
No Yes
📡 Account Management
Yes No
📡 Webinars
Yes No