IG Vs. Binance - Compare and Choose the Right One

IG is a global broker established in 1974 that holds 8 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

• ASIC (Australia)
• FMA (New Zealand)
• FCA (UK)
• NFA (United States)
• DFSA (United Arab Emirates)
• FINMA (Switzerland)
• MAS (Singapore)
• FFAJ (Japan)
• FSCA (South Africa)
• BMA (Bermuda)

None

• 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

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• 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.

• Visa
• Mastercard
• Bank Transfer
• Paypal

• Cryptocurrency
• Bank transfers
• Visa
• Mastercard

SY, IR.

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.

Fixed 0.1% trade value fee for spot trades.