Swissquote
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79% of retail CFD accounts lose money.

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Binance
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Investing in cryptocurrencies involves risk.

Swissquote Vs. Binance - Compare and Choose the Right One

Updated Jan 08 2022

Visit

79% of retail CFD accounts lose money.

Visit

Investing in cryptocurrencies involves risk.

Overview

Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools.

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
  • Traditional equity investors looking for a broad range of markets
  • Experienced traders looking to benefit from their amazing research tools
  • Avid cryptocurrency traders and investors from intermediate to expert levels
  • Day traders looking for a high liquidity exchange with competitive fees
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The Good
  • Outstanding asset offering with more than 60 exchanges across the world
  • Amazing research and analysis tools for all trader levels
  • Thematic investments with preconfigured product baskets
  • Offers banking services along with debit card
  • 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
  • Their proprietary platform lacks many features and is not user friendly
  • Their commissions are extremely high
  • Overall everything feels complicated to use
  • 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.

🏛 Financial Regulators
  • FCA (UK)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MFSA (Malta)
  • HKMA (Hong Kong)

None, not required at the moment.

📍 Year Founded
1996 2017
💳 Minimum Deposit

Varies per account type and selected trading platform. From $0 up to $5,000.

0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • All supported cryptocurrencies
  • Bank transfers
  • Visa
  • Mastercard
💵 Account Base Currencies
21 - AED, AUD, CAD, EUR, DKK USD, GBP, HKD, HUF, ILS, CHF, JPY, PLN, NOK, SGD, MXN, NZD, SEK, TRY, THB, ZAR All supported cryptocurrencies.
🗽 Available to U.S Citizens
No Yes (excluding few states)
❌ Restricted Countries
US, JP, SY, IR. None
📊 STP Account
Yes No
📊 DMA Account
Yes No
📊 ECN Account
Yes No
Assets
📚 Available Assets
  • Real stocks, ETFs and options
  • CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds
  • More than 700+ real cryptocurrencies
  • A wide selection of derivatives based on real cryptocurrencies such as futures, vanilla options, etc.
📙 Stocks
60 Stock Exchanges N/A
📘 Currency Pairs
80+ N/A
📗 Commodities
12 CFDs N/A
📕 Indices
26 CFDs N/A
📔 ETFs
1400 + N/A
💸 Cryptocurrencies
12 CFDs 700+
📒 Bonds
54,000 + / 3 CFDs N/A
📓 Options
6 Exchanges N/A
📗 Futures
6 Exchanges N/A
📝 Notes:
N/A

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

Trading Experience
📈 Minimum Stock Trade Size
From $50 N/A
📉 Minimum ETFs Trade Size
From $50 N/A
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots) $10
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) N/A
📈 Minimum Commodities Trade Size
From $50 N/A
📉 Minimum Bonds Trade Size
From $50 N/A
📈 Minimum Futures Trade Size
From $50 N/A
📉 Minimum Options Trade Size
From $50 N/A
💪 Retail Leverage
Up to 1:30 Up to 1:20
💪 Professional Leverage
Up to 1:500 N/A
✍ Customisable Leverage
No N/A
🎲 Deleveraged Trading
Yes 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
Yes Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No 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
$10 per withdrawal No
💰 Commissions

For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange.

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

Spreads
📈 EUR/USD
From 0 Pips to 1.3 Pips N/A
📉 SP500
Dynamic - From 60 Pips N/A
📈 GOLD
N/A N/A
📉 TSLA (Stock CFD)
N/A N/A
📈 XLK (ETF - CFD)
Dynamic - Market Spread N/A
📉 BTC
N/A Dynamic - From $1
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes No
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
Yes No

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