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


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