Binance Alternatives Table of Contents
Best Binance Alternatives for 2021 in Detail
Binance is a renowned Australia trading platform brokerage established in 2011. Currently Binance serves around 10,000 worldwide.
Binance is regulated by Unregulated.
Binance is listed on the stock market, so as a result has to publish a yearly report on its website.
Binance do not have a Wikipedia page. Its very hard to obtain a Wikipedia page as the pages are monitored and checked regularly so if a broker is important enough to have one it adds to their credibility.
Binance is deemed safe because Australia arms are controlled by Unregulated.
If you are not happy with Binance, let us show you some great alternative brokerages.
What Binance Does not Offer and Alternatives For Each
To get hold of a trustworthy and reliable broker is really tough in today’s trading world.
We explain is detail what Binance does and does not offer and offer Binance alternative brokers who might be a better fit for your trading needs.
We have listed some reasons why Binance may not be the best broker for you.
But don't worry we have compiled a list of the best alternatives further below.
Binance Alternatives with More Users
When trading you may want to trade with a Binance alternative that has more active users.
The more users a broker has is an indication that the trading platform is more mature and that the Binance alternative are
better able to satisfy the needs of their clients than that of trading platforms with fewer users.
| Broker |
eToro
|
IC Markets
|
XTB
|
FP Markets
|
City Index
|
Roboforex
|
Trading212
|
Plus500
|
Pepperstone
|
EasyMarkets
|
| Used by |
12,000,000 |
60,000 |
250,000 |
10,000 |
14,000 |
10,000 |
14,000,000 |
15,500 |
10,000 |
142,500 |
Binance Alternatives with Less Min Deposit Requirements
You should check how Binance minimum deposit requirements compare with the minimum deposits of Binance competitors.
Brokers offer lower minimum deposits to get traders to join with them, but having higher minimum deposit requirements isn’t necessarily a bad thing.
It all depends on your trading needs, if a Binance alternative has a higher required minimum deposit amount before trading but it has everything you need and more then trade
with them, as long they are well regulated.
Binance Alternatives Similar or Lower Min Trade Requirements
Brokers offer lower minimum trade requirements to make trading more accessible to newer traders. If you are looking for a Binance alternative that
has a lower min trade requirement you can see how Binance compares with its competitors.
Binance Alternatives Similar or Higher Max Trade Requirements
All brokers have a maximum trade limit that they allow clients to trade which varies asset to asset. This Max trade restriction helps limit the potential loss a client can occur.
See how Binance max trade limits compare with some Binance alternatives.
Binance Easier Account Opening
Binance is known for its easy account opening process. However, it is not the only brokerage that offers easier account opening and easier navigation.
There are a number of brokerages that offer instant and easy account opening processes that are great alternatives to Binance.
Binance Alternatives with Similar or More Awards
Awards aren’t everything but when you are trying to find a good alternative to Binance, seeing who has similar or greater
Industry recognition to Binance may help you find a good Binance alternative.
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eToro
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eToro has recieved the following awards. 71% of retail investor accounts lose money when trading CFDs with this provider. - ADVFN International Financial Awards Best Social Trading Platform 2019 Winner
- ADVFN International Financial Awards Best Platform for Trading Cryptocurrencies 2019 Winner
- Money AM Online Finance Awards Best Active Trading Platform 2010 Winner
- World Finance foreign exchange award for best mobile trading platform and best software provider 2011 Winner
- The Share Awards Best Use of Social Media 2012 Winner
- Star Awards Best Trading Platform 2013
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IC Markets
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IC Markets has recieved the following awards. Losses can exceed deposits - ADVFN International Financial Awards Best ECN Broker 2019
- Forex Magnates Awards Best Retail Broker Execution 2013 Winner
- Asia-Pacific Financial Investment Association Financial Institution of the Year 2012
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XTB
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XTB has recieved the following awards. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - Wealth & Finance Global Excellence Awards Highest rated Forex and CFD Broker of 2018
- M&A Today Global Awards 2018 Winner
- M&A Today Global Awards 2019 Winner
- Online Personal Wealth Awards 2016 Winner
- Good Money Guide Best Crypto Broker 2018 Winner
- Best Islamic Broker M&A Today 2018
- Positively mentioned by Forbes.com
- Positively mentioned by Bloomberg.com
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FP Markets
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FP Markets has recieved the following awards. Losses can exceed deposits - Canstar Cannex 5 Stars Outstanding Value CFD Provider
- Smart Investor Recommended CFD Broker
- The Bull Winner Best Warrants Broker Finalist Best Online Broker
- Money Magazine Cheapest Non-Advisory Phone Broker
- Help Now! Challenge Best Customer Service May 2019
- Help Now! Challenge Best Customer Service June 2019
- Help Now! Challenge Best Customer Service July 2019
- Help Now! Challenge Best Customer Service August 2019
- Investment Trends Report 6x Winner #1 Most Satisfied Traders
- Investment Trends Report 4x Winner #1 Best Trade Execution
- Investment Trends Report 2x Winner #1 Best Education Material
- Investment Trends Report 1x Winner #1 Best Customer Service
- Global Forex Awards Best Global Value Broker 2019
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City Index
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City Index has recieved the following awards. 75% of retail investor accounts lose money when trading CFDs with this provider - ADVFN International Financial Awards Best CFD Provider 2019 Winner
- OPWA Awards Best Trading Platform 2019
- ADVFN International Financial Awards Best CFD Provider 2019 Winner
- OPWA Awards Best Mobile Application 2019
- ADVFN International Financial Awards Best CFD Provider 2019 Winner
- OPWA Awards Best Spread Betting Provider 2019
- Shares Awards Best Professional Trading Platform 2019 Winner
- OPWA Best Cryptocurrency Trading Platform 2018 Winner
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Roboforex
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Roboforex has recieved the following awards. Losses can exceed deposits - Best Global Forex 2019 Award winner
- Manchester Investor Show Best Crypto Broker Winner 2018
- London Investor Show Safest Broker 2018
- IAFT The Best ECN Broker 2016
- Fastest Growing Forex Brand Asia 2014
- Best Standard Forex Broker Award in 2014
- Best ECN Broker Award in 2013
- Best Forex News and Analysis Provider Award in 2013
- Best Retail Forex Brand in Russia Award in 2013
- Best Retail Forex Broker Award in 2013
- Best Execution Broker in Eastern Europe Award in 2013
- Fastest Growing ECN Broker in Eastern Europe Award in 2012
- Best Forex Broker for Automated Trading Award in 2012
- Best Broker for Forex Robots and Advisors Award in 2012
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Trading212
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Trading 212 has recieved the following awards. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - Trading212 Award winning mobile app has more than 14000000 downloads making it one of the most popular trading apps in the world
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Plus500
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Plus500 has recieved the following awards. 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. - Plus500 is one of the highest rated CFD trading apps on Apple's AppStore and Google Play
- Day Trading Best Trading App Award 2019 Winner
- Day Trading Best Overall Broker 2019 Winner
- FXEmpire Best broker 2018 Winner
- Ask Traders Best Forex Broker 2019 Winner
- ADVFN International Financial Awards Best CFD Provider 2017 Winner
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Pepperstone
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Pepperstone has recieved the following awards. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money - Global Forex Awards Best Global Forex ECN broker 2019 Winner
- Global Forex Awards Best Forex Trading Support Europe 2019 Winner
- Investment Trends Australia Number 1 for Spreads 2018 winner
- UK Forex Awards Best Forex ECN Broker
- UK Forex Awards Best Forex Trading Support 2018 Winner
- UK Forex Awards Trading Conditions 2018 Winner
- Australia FX Report Investment Trends Number 1 Customer Service Winner 2018
- Australia FX Report Investment Trends Number 1 Value for Money 2017 Winner
- Australia FX Report Investment Trends Number 1 for Risk Management 2017 Winner
- Australia FX Report Investment Trends Number 1 for Education Materials 2017 Winner
- Australia FX Report Investment Trends Number 1 for Fund Withdrawal 2017 Winner
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EasyMarkets
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easyMarkets has recieved the following awards. Your capital is at risk - The Forex Expo Dubai Best Forex Broker 2019
- ADVFN International Financial Awards Best APAC Region Broker 2018
- World Finance Markets Awards Most Innovative Broker 2018 Winner
- Forex Awards Most Transparent Broker 2017
- FX Word China Best Forex Service Provider
- JRJ China Best Trusted By Investors 2017 Winner
- FX Empire Best Trading Platform 2017
- Dobra Marka Poland 2017
- Global Banking and Finance Awards Best Trading Platform UK
- Laur Konsumenta Goldern Consumer Award 2016
- COTS Best Innovative Forex Platform 2013
- AG Arabcom Group Best FX News and Analysis Provider 2010
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Recommended Binance Alternatives and Binance Competitors
Below is an extensive list of the best alternatives to Binance based on our unique 486 point criteria.
While Binance is a great global brokerage, it is not the number one in every trading product. For example, Binance is not the best Forex trader out there in the market. There are also brokers that provide better CFD trading.
Some brokerages have more regulatory authorizations granted than Binance, and that can be one of the deciding factors when you choose a brokerage. Some brokerages also have a wider market reach than Binance.
Like with everything else, with investment and trading too, you have choices based on your preference in trading. Choose wisely and aptly. Make a list of the options you are looking for, and explore the options we have provided in each category.
Important Factors for Finding Binance Alternatives
What are important factors when looking for a Binance alternative.
Binance Alternatives Better Fees
Even after knowing that there is a risk associated, we trade for profit. We buy stocks and CFDs to gain on an investment.
Therefore it is always good to check how Binance fees compare to Binance competitors. the fee structure of a brokerage is an important point of consideration. Generally, higher fees are charged by brokerages that offer more facilities and more services.
If you intend to monitor your investment and trading activities by yourself, you can opt for brokerages that have a more competitive fee structure than Binance.
Binance Alternatives with No Inactivity Fees
When trading with Binance or a Binance alternative you need to check and be aware of inactivity fees.
Inactivity fees are an amount charged to investors that have not participated in any purchasing or selling actions in their broker accounts to certain volumes over a period of time.
It's possible to avoid broker inactivity fees by keeping to the withdrawal and deposit requirements to maintain the account.
It is easy to avoid inactivity fees, but if you forget about your account and dont use your trading account for an extended period, it's also easy to overlook.
You can see how Binance compares to some Binance alternatives for inactivity fees below.
Binance Alternatives with No Withdrawal Fees
Some brokerage platforms will charge a withdrawal fee when you transfer money from the broker to your bank or other withdrawal method.
Keep an eye on and be aware of any withdrawal fees that Binance may charge.
Also be aware that some withdrawal fees may not be from Binance but from your payment method, this maybe for various reasons including to convert currency and transfering money
between international banks.
Compare Binance withdrawal fees with some Binance alternatives below.
Binance Alternatives with No Deposit Fees
As with withdrawal fees you may also face charges for depositing money to Binance or your Binance alternative.
Just make sure you understand why you are paying any broker depost fees so you can factor the deposit fees into your costs.
Transfering money to your broker may occur fees from your bank or payment method, so just be sure to check the reasoning of all deposit fees you are charged whether its Binanceor a Binance competitor.
You can see how Binance compares to some Binance alternatives for inactivity fees below.
Binance Alternatives with More Instruments and Financial Markets
A global brokerage has many advantages. A broker with an international presence has greater access to different financial markets around the world, access to international trading and an increased number of products to trade on.
If you intend to have access to more financial markets and products, you must look for brokerages that have better access to financial markets and a more financial products to choose from.
Binance Alternatives Offering Stocks and Shares
Binance does offer Stocks trading see the best Binance alternative stock brokers here.
The stock exchange is dynamic and presents several possibilities for traders. Stocks are usually considered appropriate for medium- to long term investments. Each stock is influenced by different market events and might go up or down in value after statements such as earnings reports, new product launches, and changes in competitors' stock prices.
For example, if a smartphone maker receives negative press Following an error in one of its product collection, it's likely that its direct competitors' share prices will rise. Businesses which make profits, frequently share gains with their shareholders in a predetermined payment per share.
Position, means you're investing in the underlying asset, and the inventory is bought and stored in your name.
However, Binance also provides additional functions using CFD trading. fractional shares. $100 for a stock which really costs $500.
Binance Alternatives with More Shares Available
Having access to more tradeable shares on a Binance alternative means you have greater choice. Greater choice means you can diversify your portfolio with the aim of
Lowering your trading risk.
Binance Alternatives Offering US Stocks and Shares
If you are investing in stocks with a Binance alternative, you will want to look at investing in US stocks and shares. The US stock market is worth in excess of over 34 trillion US Dollars that’s 44% of the total value of all stock markets worldwide. US stocks are home to some of the most well known brands in the world including Apple, Google, AMD, Nvidia, Facebook and Microsoft.
Binance Alternatives Offering UK Stocks and Shares
If you are looking to trade UK stocks and shares with a Binance alternative, the United Kingdom is one of the most stable financial markets in the world.
The LSE or London Stock Exchange has a total value of £ 3.6 trillion.
The UK stock exchange is one of the most regulated financial markets in the world so many traders trade UK stock as they know it is safer than some other markets.
Some of the worlds most famous brands are on the UK stock exchanges including BP, AstraZeneca, Vodafone, BAE, Unilever and Tesco.
Binance Alternatives Offering German Stocks and Shares
If you are interested in trading stocks and shares, you should look at trading some German stocks and shares with your Binance alternative.
The German stock market is worth over an estimated 2 billion USD.
The German stock market is home to world famous companies like Porsche, Volkswagen, BMW, Daimler, Allianz and Siemans.
Binance Alternatives Offering Japanese Stocks and Shares
The Japanese stock market is also a good pick if you are considering trading stocks and shares with your Binance alternative.
The Japanese stock market has a total value of an estimated 6 trillion and is home to some of the world’s largest manufacturing companies like
Toyota, Mitsubishi, Sony and Honda.
Binance Alternatives Offering Indices Trading
What are Indices Brokers?
When a trader is willing to invest a fat amount at lower risk with a dream to get maximum profit then he should definitely come to indices brokers as only a genuine broker is capable of enlarging your financial world.
Why Trade Indices?
One may always opt for indices for the following reasons:
- A trader gets benefitted when he invests on indices because here, he is getting a golden chance to have a look at the whole number of companies present in the index yet he is not bound to invest on all of them. This makes room for the investor to study the market carefully and gain experience in order to use it in the trade world in future.
- A trader gets benefitted when he invests on indices because here, he is getting a golden chance to have a look at the whole number of companies present in the index yet he is not bound to invest on all of them. This makes room for the investor to study the market carefully and gain experience in order to use it in the trade world in future.
- Indices make it possible for the trader to grasp the trend of the current market. Thus, speculation works wonder while trading indices. This again results in earning profit at the trader’s end.
Binance does offer Indices trading see the best alternative Binance Indices trading brokers here.
Binance Alternatives Offering More Commodities
You may be looking for a Binance alternative that offers a wider selection of commodities. Trading in commodities helps experienced traders hedge against loss. So having a wider range of commodities available on your trading platform is generally a good thing. Lets see how Binance compares to other brokers in terms of commodities trading.
You may want to see what your options are with more brokers offering trading in metals on financial markets. The supply and demand of metal commodities have a huge impact on established and emerging economies. Metal is essential to manufacturing.
Binance Alternatives Offering Energy Commodities
See how Binance alternatives compare in the energy commodities they offer.
Energy commodities are essential to the running of the world. Oil, Electricity, Gas as all in high demand as the world population grows.
Binance Alternatives Offering Agricultural Commodities
Agricultural commodities are humanities main source of food but also often an essential component of many manufacturing industries. Wheat, Coffee and Soy beans are very active on commodities markets.
If you actively trade in agricultural commodities you will want to see how Binance compares with some Binance alternatives in terms of the agricultural commodities they offer.
Binance Alternatives Offering Forex Trading
What are Forex Brokers?
Forex brokers are brokers who facilitate foreign exchange trading in currency pairs on their online and mobile app Forex trading platforms.
Why Use Forex Brokers?
- Forex trading is one of the most popular forms of trading around the world. With trade and transactions happening between different countries Forex is a preferred form of trading for short term gains for many.
- When looking for a Forex trading brokerage, check out the number of currency pairs they offer and the number of markets they operate in.
Binance does offer Forex trading see the best alternative Binance Forex brokers here.
Binance Alternatives Offering Major Forex Pairs
Major Forex pairs by volume are EUR / USD, USD / JPY, GBP / USD and USD / CHF. If you looking to trade Forex with a Binance alternative
you will want to become very familiar with these currency pairs.
Binance Alternatives Offering Minor Forex Pairs
Minor Forex pairs do not contain the USD. The UK Pound, Euro and Yen are minor Forex pairs.
See what minor Forex pairs are available on some Binance alternative Forex platforms.
Binance Alternatives Offering Exotic Forex Pairs
Exotic Forex pairs are currencies that do not have the trading volume of more popular currencies.
Exotic currencies generally have lower liquidity and higher volatility.
Examples of Exotic currency pairs include EUR / TRY, GBP / ZAR and AUD, MXN.
If you are looking to trade exotic Forex pairs see how Binance compares with its competitors.
Binance Alternatives Offering Cryptocurrency Trading
Cryptocurrency trading is done through the buying and selling of cryptocurrency coins through an online crypto exchange. Cryptocurrency trading can also be conducted through Cryptocurrency CFD trading. You do not own the underlying crypto coin assets with a CFD trade, you are speculating on the price movements with your broker.
Cryptocurrency trading is kind of like Forex trading, where fiat currencies from across the globe are traded 24 hours a day 7 days a week as the prices go up and down during the day.
Major cryptocurrencies include Bitcoin, Ethereum, XRP, Tether and Litecoin.
Binance does offer cryptocurrency trading, see the best Binance alternative cryptocurrency brokers here.
Binance Alternatives Offering CFD Trading
What are CFD Brokers?
The full form of CFD is Contract for Differences. In CFD, a broker makes the trader agree on the condition that he will be paying the value of difference, that is, the increased or decreased amount that gets accumulated in the time period between opening and closing of the CFD contract.
Why Trade CFD?
The reasons to opt for CFD trades are:
- In CFDs, right speculation of the market flow on the part of the trader and broker can prove profitable for the investor.
- Through CFD, one gets the chance to invest in a number of assets available in the global market.
- One has the option of trading or investing on buying price if he has faith on the market graph to go up or he might invest on selling price if doubts that the market might go down.
- CFD comes with leverage for its traders.
Binance does offer CFD trading see the best alternative Binance CFD brokers here.
Binance Alternatives Offering Social Trading
Social trading also known as copy trading has become hugely popular in the last 3 years. If you are looking to copy trades of and follow
successful traders on financial markets a Binance alternative that offers social trading might be for you.
Binance Alternatives Offering ECN
What is an ECN Broker?
ECN stands for Electronic Communication Network. A ECN brokerage provides clients direct access to the buying and selling of market orders at attractive prices between market participants usually on foreign exchange markets.
Why Use ECN?
Forex traders opt for ECN brokers for the following reasons:
- Clients need to pay a fixed fee to ECN Brokers on every trade irrespective of profit or loss.
- ECN brokers offer a 24/7 trading facility for traders.
- Availability of best bid and ask prices amongst participants in the market, thus limiting price manipulation.
- ECN offers a better environment for scalping with high price volatility.
- No room for re-quotes with ECN which allows traders to perform better while getting a chance to trade with real quotes.
ECN accounts are not offered by Binance (check here for brokers offering ECN accounts).
Binance Alternatives Offering STP
Straight through process shortened to STP are where Forex market orders from clients are sent directly to the financial currency markets. No middle man or brokers dealing desks are involved. STP executes Forex trades using automation. STP prices are often cheaper. If you wish to take advantage or STP a Binance alternative that offers STP may be useful.
Some brokerages offer their own platform for trading while some conduct trading activities through pre-built tools and applications.
The web trading platform is an important feature of a brokerage. The ease of use and navigation are important factors that can make your trading a breeze or a struggle.
When choosing a brokerage, do check the reviews of their web trading platforms. Check on how easy or difficult it is to use, if it is intuitive enough and so on.
There are many Binance alternatives that also offer multiple apps on different platforms
that allow more accessible trading activities. Check out our Binance alternatives with easy account opening below.
Binance Alternative MT4 Brokers
Who are MT4 Brokers?
MT4 is a trading platform by MetaQuotes Software developed and released to offer retail traders a platform to trade Forex, Indices, Cryptocurrencies, Commodities and CFDs on financial markets. 96% of Forex brokerages offer their retail clients the MT4 trading platform.
Why Use MT4?
MT4, a widely used trading platform can be opted for the following reasons:
- MQL4, the in-built scripting language of MT4 enables its traders to create their own EAs (Expert Advisors).
- The EAs allow participants to use automated or algorithmic trading scripts.
- MT4 with its API (Application Program Interfaces) permits users to create and integrate new functions on the trading MT4 platforms for performing various tasks.
- With the MT4 Manager API, a user can create their own manager terminal and work with it.
- Data Feed API works in developing any news and also for quoting data feeds.
- Report API allows traders to create trader accounts and custom financial reports.
- Server API gives the user a chance for developing different server plugins with limitless possibilities, including processing of trade requests and managing of server parameters.
- MT4 has a Webservices API which is used for arranging user accounts and for the displaying of quotes.
- MT4 offers its traders a number of technical tools which they can use for analysing markets at complex and granular levels. The custom indicators are two thousand in numbers and those are absolutely free. Whereas, there are seven hundred paid indicators.
Binance does not offer MT4 (See MT4 brokers here).
Binance Alternative MT5 Brokers
What are MT5 Brokers?
MT5 is the updated version of MT4 by MetaQuotes. MT5 offers a wider selection of financial instruments with more advanced trading features. The MT5 trading platform is allot faster. Through the MT5 platform MT5 brokerages offer retail traders the added bonus of automated trading and copy trading of many financial asset types including Stocks, Currency markets and Futures.
Why Use MT5?
The following points will clarify why one should opt for MT5:
- Just like MT4, MT5 too supports algorithmic trading and uses its own EAs (Expert Advisors).
- MT5 comes with a DOM (Depth of Market) feature showing the supply and demand of orders in charts.
- The MT5 interface provides many additional services, timeframes which give are advantageous to active traders.
- Unlike MT4 which has 9 time frames, MT5 brings with it 21 timeframes that allows for extensive analysis of the market.
- MT5 has designed a standard MQL5 ( MetaQuotes Language ) for developing trading robots, technical indicators and utility applications.
- MT5 presents its traders some technical indicators which are thirty-eight in number, next is analytical objects which are forty-four in number, there are twenty-one timeframes and innumerable charts.
Binance does not offer MT5 (See MT5 brokers here)
Binance Alternative cTrader Brokers
Who are cTrader Brokers?
Electronic Communication Network, popularly known as cTrader is a Forex trading platform and has been designed and developed by Spotware Systems, a European.
Why Use cTrader?
A number of features makes cTrader a platform to be opted for by the traders, such as:
- Being an STP(Straight-through Processing)platform, cTrader detaches the possibility of a dealing desk intervention.
- cTrader is able to provide a chance to investors to calculate and assess the DOM (Depth of Market) through its three alternatives viz. Standard, Price, VWAP(volume weighted average price).This DOM assessment allows the investors to track the liquidity of the market.
- cTrader provides an algorithmic trading tool named cAlgo that allows the participants to program robots that can execute trade, create customer indicators, perform and optimize strategy and back testing.
- As a trading platform cTrader brings forth to its traders a large variety of indicators like Moving averages, MACD, Bollinger etc.
- As a trading platform cTrader brings forth to its traders a large variety of indicators like Moving averages, MACD, Bollinger etc.
- The possibility of setting different time intervals (classic 1/5/15 minutes, 6-minute, 20-minute and many more )
- cTrader also comes with 1/5/15 minutes, 6-minute, 20-minute and many more time frame options for the traders.
- cTrader offers three charts : Multi-Chart, Single Chart, and Free Chart, which are helpful for traders in visualising the current market trends. are very helpful to get different views of market trends.
Binance does not offer cTrader (See cTrader brokers here)
Binance Alternatives offering Micro Accounts
What are Micro Accounts Brokers?
If a trader wants to start trading in the foreign exchange platform with a small capital then he should get hold of a micro account broker. A micro account broker helps the traders to open an account in the world of Forex trading with minimal capital and minimal risk.
Why Use Micro Accounts Brokers?
Micro accounts can be opted for the given reasons:
- A new born trader gets the chance to gain experience in the trading world through micro account where he doesn’t need to invest much at a time and that is also at lower risk.
- The minimum amount that an investor can engage in a micro account is a micro lot.
- A single micro lot is equivalent to a thousand lot currency.
- A trader who starts his trading career by investing in Micro Account gradually gains confidence to play it big in this field.
- The minimal capital investment with no-risk factor is the key feature of Micro Account which makes Micro Accounts Brokers popular among the traders who are new to this field and want to learn more about the Forex market.
Binance is not offering micro accounts (Look for micro account brokers here)
Binance Alternatives offering VIP Accounts
If you are an active high volume trader than you will want to check all the Binance alternatives to see if you are getting preferential treatment.
Check your Binance alternative offers you no deposit and no withdrawal fees, Free VPS hosting services, a dedicated account manager and private consultations, exclusive events and services, low spreads, quick execution times and institutional quality liquidity, lower fees and commissions, better trading tools, quick execution times, and a better withdrawal process over standard accounts.
Binance Alternatives Offering Islamic Accounts
Islamic Brokerage accounts refer to brokerages that allow trading as per permissible Islamic traditions. Islamic account brokerages permit investment and trading in the Islamic financial market.
Why opt for Islamic Account Brokers
You can look for brokerages that offer Islamic trading if you follow and respect the Islamic tradition. Islamic accounts do not transact in interest accumulation.
If you happen to be against receiving or paying of interest, you should definitely check out brokerages that offer the opening of Islamic accounts and operate in the Islamic markets.
Binance does offer Islamic trading accounts see the best alternative Binance Islamic trading accounts here.
Binance Alternatives Offering Demo Accounts
There are a huge number of advantages to trading on a demo account, even for professional traders. Finding a Binance alternative that offers a
decent demo account in the financial instruments you want to trade in will give you the chance to test out a new trading strategy before risking money on live
markets. If the Binance demo account is not to your liking test out the charts, market news and educational resources with a Binance alternative broker demo account.
Binance Spread Betting Account Alternatives
What are Spread Betting Account Brokers?
An eligible spread betting broker is one who understands the market perfectly and directs his clients to bet or invest targeting the rise in the price of an asset and accordingly guiding the client before there is going to be a fall in the money market.
Why Use a Spread Betting Account?
The following points will make it easier to understand why one should opt for Spread Betting:
- An account in Spread Betting allows its participants to bet and take risk following the flow of the money market.
- A trader gets the chance to put forward his willing price for bidding or buying the bet and he is anytime free to quote his selling price considering the risk of loss.
- In Spread Betting one gets the opportunity to bet on a number of options.
- The prediction of an experienced spread betting broker can bring rewarding profit to his traders as one gets to gain high profit through spread betting. On the other hand, wrong speculation can put a trader at a noticeable loss.
- Spread betting largely depends on how much money one is betting and on what he is betting.
Binance does not offer Spread Betting accounts (See Spread Betting brokers here).
Binance Alternatives Offering Scalping
What are Scalping Brokers?
A scalping broker is one who follows a trade scheme where he suggests the trader to open the account and invest keeping in mind a change in price and then promptly advises the trader to close the trade once a profit is made.
Why opt for Scalping?
A trader should look forward to a scalping broker for the following reasons:
- A good scalping broker is an owner of a quick mind and he is indeed a prompt thinker as he needs to open and close a trade a number of times keeping in mind the ultimate goal of profit- making.
- A scalper is an active trader.
- An eligible scalper is a level-headed man who makes fast decisions, takes baby steps though fast in the trading market and thus makes small innumerable profits at the end of the day.
- A scalping trading can give its investor small innumerable profits provided he hires an experienced scalping broker.
Binance does not allow Scalping (See brokers for scalping here).
Binance Alternatives Offering Hedging
What are Hedging Brokers?
Hedging in the Forex market comes with its share of both profit and loss at the same time as it acts as an insurance policy. A hedging broker influences an investor to hedge directly by putting his money on the pair of same currency or on the pair of diverse currencies so that the investor gets to harvest some kind of profit at the end of the trade.
Why Use Hedging?
The reasons to use hedging are:
- Risk factor can become negligible when hedging if a trader engages in buying and selling pairs of the same currency and also different currencies for long term or short term depending on the flow of the market to offset loss.
- Hedging can prove to be a survival strategy for investors when there is inconsistency in the trading market.
See how Binance compares with other brokers offering hedging below.
Binance Negative Balance Protection Broker Alternatives
What are Negative Balance Protection Brokers?
Investment or Forex markets are always unpredictable. In this field there is a hundred percent chance of a trader to either gain a huge profit or lose the deposit money. A loss is always heart-breaking but with Negative Balance Protection, one gets the assurance of at least getting the invested money back.
Why Negative Balance Protection is Useful?
One may surely opt for Negative Balance Protection for the following reasons:
- With Negative Balance Protection a trader doesn’t run into debt because even if the market is going down and running at risk, the investor gets back his deposit money.
- NBP boosts the courage of a trader who is new to the financial world and is afraid of investing their hard-earned money at the fear of losing it.
- For an investor, Negative Balance Protection may bring back to his wallet a good profit or might save his principal money when the market is running at a loss. In both the cases, the trader is a gainer.
Negative balance protection is offered by Binance (Check for best Binance alternative negative balance brokers here).
Binance Alternatives Offering Guaranteed Stop Loss
A fully guaranteed stop based loss arrangement (GSLO) is used to help mitigate risk on some financial products.
GSLO works in the same manner as a stop loss except your trade is guarenteed to close at the asset price you have set
no matter market volatility.
A fully guaranteed Stop loss ensures that you close your transaction at the precise cause Value you place.
This is useful if you need additional assurance Your trade will complete at the price you specify.
You can see how Binance compares to some Binance alternatives when offering guaranteed stop loss to traders below.
Binance Alternatives Offering Limit Orders
A limit order is an instruction to perform a transaction at a level which is better than the present price on the financial markets.
Limit orders can be entry orders or closing orders. Entry limit orders are on a new trade and closing limit orders exit a trade.
Limit orders permit you to define the minimum market price you will sell your position at or the highest at which you will buy your financial asset at.
The setting of price limits with limit orders allows traders to reduce financial loss.
You can see how Binance compares to some Binance alternatives when offering limit orders below.
Binance Alternatives Offering Trailing Stops
A trailing stop order is a risk management trading feature. Its is a type of stoploss that monitors your price position in the market. If the financial markets take an up turn the trailing stop will increase the stop loss amount to that of the set trailing amount. If the market takes a downward sentiment the trailing stop order stays in place and your exposure to the market is sold at your trailing stop order amount.
This helps you to profit and mitigate against risk when trading the financial markets.
You can see how Binance compares to some Binance alternatives when offering Trailing Stops below.
Binance Alternatives Offering Price Alerts
Trading price alerts and alarms are automatic, free customisable notifications that you can set to recieve on your trading platform.
You will be sent notifications when your set limits are triggered.
Financial market price alerts allow you to keep on top of volatile financial markets, and give you an extra chance to react to market events quickly.
Trading platform price alerts make it possible to get on with your daily life but still track market prices. This of course helps to reduce your risk.
You can see how Binance compares to some Binance alternatives when offering price alerts below.
Binance Alternatives with more Depositing and Withdrawal Options
When it comes to deposit and withdrawal options with a brokerage, the more the merrier.
A lot of brokerages are increasingly becoming global, which make it necessary for these brokerages to have several deposit and withdrawal options available.
This is so that traders from different countries can opt for a payment method available in their country.
Having a number of payment methods to choose from also means that there is greater freedom to opt for the payment method of your choice.
You can prefer a payment that has faster processing time or a lower transaction rate.
Binance Regulation Alternatives
Binance Alternatives with Financial Conduct Authority (FCA) Regulation
FCA is one of the prime financial regulatory bodies in the UK. Being regulated by the FCA would mean that the brokerage is regulated by the most important financial trading regulatory body in the United Kingdom.
If you are looking to conduct trading in the UK or to trade in the financial products of UK companies, selecting a brokerage that is FCA approved is a must.
Binance Alternatives Cyprus Securities and Exchange Commission (CySEC) Regulation
CySec or Cyprus Securities and Exchange Commission is the financial regulatory body of Cyprus. CySec is a noted regulatory body in the European Union, and having a license from CySec enables brokerages to operate in the nations under European Union.
For a brokerage to be able to operate in the EU, getting a license from CySec is helpful. If you are based in the EU or plan to trade in financial products available in the European markets, look for brokerages that are affiliated with CySec.
Binance Alternatives with Financial Instruments Directive (MiFID) Regulation
MiFID is a regulatory body that, like CySec, operates for the countries under European Union.
When selecting a brokerage, if it is affiliated with more than one regulatory body it would mean that it is answers to the authority of all those regulatory authorities.
A brokerage with a good number of regulatory authorities means that it is safe. One of the prime focus of regulatory authorities is to ensure customer protection.
Binance Alternatives with Australian Securities and Investments Commission (ASIC) Regulation
The Australian Securities and Investments Commission is the prime regulatory authority for Australia. When looking for global brokerages check if they have an ASIC regulation, as having that would mean that you have some level of regulation and protection when trading on the Australian investment market.
The Australian market is a good trading market, and if you are interested in international trading, you must check if your brokerage is affiliated to ASIC.
Binance Alternatives with FSCA Financial Sector Conduct Authority Regulation
The FSCA overseas the South African Financial Markets if you want a Binance alternative that is safe to trade with in south Africa check the broker is regulated with the Financial Sector Conduct Authority before depositing any money.
Binance Alternatives with Dubai Financial Services Authority (DFSA) Regulation
The full form of the DFSA is the Dubai Financial Services Authority which works in Dubai and the UAE. THE DFSA the financial regulator for DIFC, that is, Dubai International Financial Centre, an economic zone that is built with the purpose of building a world leading financial zone within the United Arab Emirates.
If you want to foray into the Middle Eastern markets, ensure that your brokerage has affiliation to DFSA.
Binance Alternatives with MAS Monetary Authority of Singapore Regulation
The Monetary Authority of Singapore is Singapore’s leading financial authority and central bank. If you are considering trading in Singapore with a Binance alternative then they will need to be regulated by MAS.
Binance Alternatives that support Microsoft Windows
As per Statista, 77.74 percent of the world uses Microsoft Windows as their operating system. Microsoft Windows is undoubtedly the world leader when it comes to operating systems.
Almost all websites that are built for the internet are made to be compatible with the latest versions of the Windows OS.
Why Use Microsoft Windows Brokers
When choosing your brokerage, check if it is compatible with your Windows OS. If you run an old version of Windows, it might create problems in loading up your broker site. We suggest you to keep your Windows OS up to date to ensure smooth functioning of your brokerage website.
Some brokers even allow a Windows PC application. Having a Windows PC application will mean that you can access your brokerage account with a click, or even make it open up when you boot up your Windows PC.
Binance does not offer a Microsoft Windows pc application (See brokers for with a Microsoft windows application user here).
Binance Alternatives that support Apple Macs
Giving Windows Microsoft a tough competition is the Apple MAC operating system. Used by more than a 100 million people worldwide, Apple is becoming the choice of millions of people due to its enhanced security.
Why Use Apple MAC Brokers
If you happen to have a MAC OS, check if your brokerage firm is also available in the MAC platform. If your brokerage firm is available as an apple application, it becomes easier for you to access your brokerage.
Easier access to your brokerage account will help in close monitoring of your trading and investment activities.
Binance does not offer support for the Apple Mac platform (See brokers for Mac users here).
Binance Alternatives that offer Mobile Trading Apps
Maybe Binance doesn’t offer a mobile experience that you are happy with or matches what you need. There are a number of Binance alternatives that offer great mobile trading applications for both Android and iOS.
All big names in the brokerage market have started offering mobile phone applications to attract more customers from the millennial population. Having your brokerage mobile app enables you to check trading activities on the go.
If you are into day trading, or in the habit of regularly monitoring your investment activities, you must opt for a brokerage that has a mobile phone application.
It saves time, and makes trading activities a lot easier and accessible. All you need is an internet and a smartphone to check your profits (or losses) when you have your brokerage application on phone.
Lets see how Binance mobile trading apps compare to some of the best Binance alternative Android and IOS mobile trading apps below.
Binance Alternatives that offer Live Chat
All Binance alternatives will offer phone support and email support if they don’t stay away from trading with them.
Live chat on the other hand hasn’t been integrated into the customer support services of all brokers. Live chat lets you get an answer straight away,
let’s see how Binance compares with other brokers in regard to live chat and support.
| Broker |
eToro
|
IC Markets
|
XTB
|
FP Markets
|
City Index
|
Roboforex
|
Trading212
|
Plus500
|
Pepperstone
|
EasyMarkets
|
| Offers Live Chat |
Yes |
No |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
| Support Email |
[email protected] |
[email protected] |
[email protected] |
[email protected] |
[email protected] |
[email protected] |
[email protected] |
[email protected] |
[email protected] |
[email protected] |
| Phone |
44-866-350-0881 |
No |
44 2036953085 |
61 (0)2 8252 6800 |
0845 355 0801 |
357 25 262660 |
44 20 3769 9897 |
No |
61 3 9020 0155 |
357 25 828 899 |
