RoboForex
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74-89% of retail CFD accounts lose money.

Vs.

Binance
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Investing in cryptocurrencies involves risk.

RoboForex Vs. Binance - Compare and Choose the Right One

Updated May 13 2022

Visit

74-89% of retail CFD accounts lose money.

Visit

Investing in cryptocurrencies involves risk.

Overview

RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.

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
  • Intermediate and Professional traders looking for different account offerings
  • Experienced traders looking for trading platform variety
  • 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
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Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

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🏛 Financial Regulators
  • IFSC (International Financial Services Commission of Belize)

None, not required at the moment.

The Good
  • Comprehensive asset offering with more than 13,000+ instruments
  • Great platform variety (MT4, MT5, cTrader and their own proprietary platforms)
  • Custom account types with spreads from 0 pips
  • 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
  • Weak regulatory framework (counting on 1 license from the IFSC)
  • Doesn’t accept clients from the UK, EU and a few other countries
  • 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
N/A N/A
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.

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.

📍 Year Founded
2009 2017
💳 Minimum Deposit
$10 0
💰 Payment Methods
  • Visa
  • Mastercard
  • JCB
  • AstroPay
  • Skrill
  • Neteller
  • Perfect Money
  • AdvCash
  • NganLuong Wallet
  • Bank transfers (SEPA, local and several options per country)
  • All supported cryptocurrencies
  • Bank transfers
  • Visa
  • Mastercard
💵 Account Base Currencies
4 - USD, EUR, CNY, GOLD. All supported cryptocurrencies.
🗽 Available to U.S Citizens
No Yes (excluding few states)
❌ Restricted Countries

US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.

None
📊 STP Account
Yes No
📊 DMA Account
No No
📊 ECN Account
Yes No
Assets
📚 Available Assets

CFDs on currencies, commodities, stocks, indices, ETFs and cryptocurrencies

  • More than 700+ real cryptocurrencies
  • A wide selection of derivatives based on real cryptocurrencies such as futures, vanilla options, etc.
📙 Stocks
12,000+ N/A
📘 Currency Pairs
40+ N/A
📗 Commodities
100+ N/A
📕 Indices
50+ N/A
📔 ETFs
1,000+ N/A
💸 Cryptocurrencies
16 700+
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:
All of RoboForex’s assets are CFDs.

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

Trading Experience
📈 Minimum Stock Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

N/A
📉 Minimum ETFs Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

N/A
📈 Minimum Crypto Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

$10
📉 Minimum FX Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

N/A
📈 Minimum Commodities Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

N/A
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:2000 Up to 1:20
💪 Professional Leverage
N/A N/A
✍ Customisable Leverage
Yes N/A
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes No
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees

Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount)

No
💰 Commissions

Yes depending on account type (eg: for ECN accounts there are commissions up to $20).

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

Spreads
📈 EUR/USD

Dynamic - From 0 Pips depending on account type, 1.4 Pips on Average

N/A
📉 SP500
Dynamic - Market Spread N/A
📈 GOLD
Dynamic - From 17 Pips N/A
📉 TSLA (Stock CFD)
Dynamic - Market Spread N/A
📈 XLK (ETF - CFD)
Dynamic - Market Spread N/A
📉 BTC
Dynamic - From $220 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

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