IG Vs. Binance - Compare and Choose the Right One

IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

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.

• Professional traders looking to exploit their customisable platform and broad asset offering
• High volume traders that can offset their commission costs by trading in larger volumes

• Avid cryptocurrency traders and investors from intermediate to expert levels
• Day traders looking for a high liquidity exchange with competitive fees

• Broad platform offering with high customisability and integrated news feeds
• Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs

• 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

• There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
• Their standard contracts can be too large some times for low volume traders

• Interface can be complex to use for beginners
• The wide selection of products and derivatives can also be intimidating for beginners

• 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.

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.

0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards.

10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks

Several contracts in commodities and indices with various expiration dates.

IG provides both CFD trading and real equity. US traders cannot trade CFDs.

Binance specialises in real cryptocurrencies and tokenised derivatives based on their own cryptocurrency offering.

0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins)

1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units)

After 24 months of inactivity, IG charges an $18 monthly fee.

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

Binance charges a fixed 0.1% trade value fee for spot trades.