Best Binance Alternatives for 2022

What Binance Does Not Offer and Alternatives For Each

When trading having a broker you can rely on is essential. If Binance does not match your requirements we explain the top Binance alternatives and Binance competitors in this guide. The best alternative for Binance is eToro or IC Markets.

When searching for a Binance alternative there are a few things you need to check. The Binance trading platform alternative that you decide upon needs to offer features and have trading fees that match your investment strategies and trading requirements. We offer a detailed list and examination of all of the top Binance alternatives and competitors feature by feature further below this Binance alternatives guide. If you are looking for a trading platform that offers similar features to Binance or Binance does not offer something that you require when trading we will show you the best Binance alternative options below.

We highlight the pros and cons of each Binance alternative. Maybe you are looking for better customer service from a Binance alternative, or more competitive Binance fees and more financial instruments to trade.

We have listed some reasons why Binance may not be the best broker for you. But dont worry we have compiled a list of the best alternatives further below.

• Binance does not allow hedging (See brokers for Hedging here)
• Binance does not allow Scalping (See brokers for scalping here)
• ECN accounts are not offered by Binance (Look here for Binance alternatives offering ECN accounts)
• STP accounts are not offered by Binance (Look here for Binance alternatives offering STP accounts)
• Binance does not offer MT4 (See Binance alternatives offering the MT4 trading platform here)
• MT5 is not offered by Binance (find Binance alternatives that offer the MT5 trading platform here)
• cTrader is not offered by Binance (find Binance alternatives offering the cTrader trading platform here)
• Binance does not offer Micro accounts (Check here for Binance alternatives offering micro accounts)
• Binance does not offer VIP accounts (Check here for Binance alternatives offering VIP accounts)
• Binance does not offer Islamic accounts (Check here for Binance alternatives offering Islamic accounts)

Top Binance Alternative is eToro

Rating	★★★☆☆ 3/5	★★★★☆ 4/5	★★★★☆ 4/5
💻 Trading Platforms	Desktop,Android,iPhone/iPad,Mac	Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
📋 Instruments Available	52	2000	232
📈 Stocks Offerd		2042	110
💎 Cryptocurrency	Yes	Yes	Yes
💹 Forex Pairs		50	65
📈 Commodities	0	31	19
💰 Min Deposit	100	10	200
👱‍♂️ Used By	10,000 users	20,000,000 users	180,000 users
📆 Founded	2011	2007	2007
👮‍♂️ Regulation	Unregulated	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
🌍 HQ	Australia	Cyprus, UK	Australia
🚫 Excluded Countries		ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN,	AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Risk Warning	Your capital is at risk	67% of retail investor accounts lose money when trading CFDs with this provider.	Losses can exceed deposits

If you want to see a more indepth feature by feature Binance alternative comparison, you can scroll further down here.

Binance Alternatives List

eToro

★★★★☆ (4/5)

Min deposit : 10

Visit eToro Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 20000000+ traders. 67% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

IC Markets

★★★★☆ (4/5)

Min deposit : 200

Visit IC Markets Read review

IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

AvaTrade

★★★★☆ (4/5)

Min deposit : 100

Visit AvaTrade Read review

AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)

XTB

★★★★☆ (4/5)

Min deposit : 0

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XTB was established in 2002 and is used by over 250000+ traders. 74% 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa

Roboforex

★★★★☆ (4/5)

Min deposit : 1

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Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Regulated by Cyprus Securities and Exchange Commission (CySEC)

FP Markets

★★★★☆ (4/5)

Min deposit : 100

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FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)

Pepperstone

★★★★☆ (4/5)

Min deposit : 200

Visit Pepperstone Read review

Pepperstone was established in 2010 and is used by over 89000+ traders. 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 Pepperstone offers Forex, CFDs, Social Trading.

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217

Plus500

★★★★☆ (4/5)

Min deposit : 100

Visit Plus500 Read review

Plus500 was established in 2008 and is used by over 15500+ traders. 77% 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 offers CFDs.

Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules

XM

★★★★☆ (4/5)

Min deposit : 5

Visit XM Read review

XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM offers Forex, CFDs.

Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

EasyMarkets

★★★★☆ (4/5)

Min deposit : 100

Visit easyMarkets Read review

easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

binance alternatives
Binance Summary

• Binance is used by over 10,000 users (Look here for Binance alternatives that are used by more traders)
• Binance has a minimum deposit of $100 (Look here for Binance alternatives that require less minimum deposit)
• Binance has a minimum trade requirement of varies (Look here for Binance alternatives that require a lower minimum trade)
• Binance has a maximum deposit of varies (Look here for Binance alternatives that has a similar or greater maximum trade limit)
• Binance has 1 awards (Look here for Binance alternatives with more awards)

binance alternatives
Binance Tradable Financial Assets

• Binance offers traders over 52 tradable instruments (Look here for Binance alternatives offering a similar amount or more tradable instruments)
• Binance offers over 0 shares (Look here for Binance alternatives offering more tradable shares)
• Binance does not offer US Shares (Look here for Binance alternatives offering US Stocks and Shares)
• Binance does not offer UK Shares (Look here for Binance alternatives offering UK Stocks and shares)
• Binance does not offer German Shares (Look here for Binance alternatives offering German Stocks and shares)
• Binance does not offer Japanese Shares (Look here for Binance alternatives offering Japanese Stocks and shares)
• Binance does not offer Indices trading (Look here for Binance alternatives offering Indices trading)
• Binance offers 0 commodities (Look here for Binance alternatives offering more tradable commodities)
• Binance does not offer trading in metals (Look here for Binance alternatives offering metal commodities)
• Binance does not offer trading in energy commodities (Look here for Binance alternatives offering energy commodities)
• Binance does not offer trading in agricultural commodities (Look here for Binance alternatives offering agricultural commodities)
• Binance does not offer trading on the Forex markets (Look here for Binance alternatives offering Forex trading)
• Binance offers Forex Pairs (Look here for Binance alternatives offering a similar amount or more Forex Pairs)
• Binance does not offer trading with Major Forex Pairs (Look here for Binance alternatives offering Major Forex Pairs trading)
• Binance does not offer trading with Minor Forex Pairs (Look here for Binance alternatives offering Minor Forex Pairs trading)
• Binance does not offer trading with Exotic Forex Pairs (Look here for Binance alternatives offering Exotic Forex Pairs trading)
• Binance offers trading in Cryptocurrencies (Look here for Binance alternatives offering cryptocurrency trading)
• Binance does not offer CFD trading (Look here for Binance alternatives offering CFD trading)
• Binance does offer Social Trading (Look here for Binance alternatives offering Social Trading accounts)

binance alternatives
Binance Trading Account Features

• ECN accounts are not offered by Binance (Look here for Binance alternatives offering ECN accounts)
• STP accounts are not offered by Binance (Look here for Binance alternatives offering STP accounts)
• Binance does not offer MT4 (See Binance alternatives offering the MT4 trading platform here)
• MT5 is not offered by Binance (find Binance alternatives that offer the MT5 trading platform here)
• cTrader is not offered by Binance (find Binance alternatives offering the cTrader trading platform here)
• Binance does not offer Micro accounts (Check here for Binance alternatives offering micro accounts)
• Binance does not offer VIP accounts (Check here for Binance alternatives offering VIP accounts)
• Binance does not offer Islamic accounts (Check here for Binance alternatives offering Islamic accounts)
• Binance does not offer Demo accounts (Check here for Binance alternatives offering Demo accounts)
• Binance does not offer Spread Betting accounts (Search for Spread Betting brokers here)
• Binance does not allow Scalping (See brokers for scalping here)

binance alternatives
Binance Risk Management Features

• Binance does not allow hedging (See brokers for Hedging here)
• Binance does not offer negative balance protection (See Binance alternatives who offer negative balance protection here)
• Binance does not offer Guaranteed Stop Loss (See Binance alternatives who offer Guaranteed Stop Loss here)
• Binance does not offer limit orders (See Binance alternatives who offer limit orders here)
• Binance does not offer trailing stops (See Binance alternatives who offer trailing stops here)
• Binance does not offer price alerts (See Binance alternatives who offer price alerts here)

binance alternatives
Binance Fees

• Binance does not have inactivity fees (See Binance alternatives who don’t have inactivity fees here)
• Binance does not have withdrawal fees (See Binance alternatives who don’t have withdrawal fees here)
• Binance does not have deposit fees (See Binance alternatives who don’t have deposit fees here)

binance alternatives
Binance Regulation

• Binance are not regulated by the FCA (Financial Conduct Authority) (Look here for Binance alternatives offering FCA regulated brokers)
• Binance are not regulated by CySEC (Cyprus Securities and Exchange Commission) (Look here for Binance alternatives offering CySEC regulated brokers)
• Binance are not regulated by the MiFID (Markets In Financial Instruments Directive) (Look here for Binance alternatives offering MiFID regulated brokers)
• Binance are not regulated by the ASIC (Australian Securities and Investments Commission) (Look here for Binance alternatives offering ASIC regulated brokers)
• Binance are not regulated by the FSCA (Financial Sector Conduct Authority) (Look here for Binance alternatives offering FSCA regulated brokers)
• Binance are not regulated by the DFSA (Dubai Financial Services Authority) (Look here for Binance alternatives offering DFSA regulated brokers)
• Binance are not regulated by the MAS (Monetary Authority of Singapore) (Look here for Binance alternatives offering MAS regulated brokers)
• Binance are not regulated by the FSA (Financial Services Authority) (Look here for Binance alternatives offering FSA regulated brokers)

binance alternatives
Binance Desktop Computer and Mobile Device Support

• Binance Offers an online trading platform available to all desktop and mobile devices with an internet connection. (See Binance alternatives that offer an online trading platform here)
• Binance does not offer a bespoke application for Microsoft Windows Desktop computers (See Binance alternatives that support desktop Windows users here)
• Binance does offer a bespoke application for Apple Mac Desktop computers (See Binance alternatives that support desktop Apple Mac users here)
• Binance does not offer a bespoke application for mobile devices (See Binance alternatives that support mobile device users here)
• Binance does not offer a bespoke application for IOS Devices (See Binance alternatives for IOS users here)
• Binance does not offer a bespoke application for Android Devices (See Binance alternatives for Android users here)
• Binance does offer live chat support (See Binance alternatives that offer live chat support here)

Below is an extensive list of the best alternatives to Binance based on our unique 256 point criteria.

Top alternative for Binance is eToro

Top Pick 1 4/5 rating

eToro is the best alternative broker to Binance. eToro has been in operation for over 14 years.

eToro, as a brokerage is regulated. This means eToro are supervised by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

If Binance or eToro are not what you are looking for try IC Markets.

With Binance, Your capital is at risk

With eToro, Losses can exceed deposits

With IC Markets, 71% of retail investor accounts lose money when trading CFDs with this provider

Top Pick 2 4/5 rating

IC Markets, as a brokerage is regulated. This means IC Markets are supervised by and checked for conduct by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

Here are some of the key reasons why traders choose eToro and IC Markets over Binance

	eToro	IC Markets	AvaTrade
Brokerage Rating	★★★★☆ (4/5)	★★★★☆ (4/5)	★★★★☆ (4/5)
Regulator	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)
Min Deposit	10	200	100
Min Trade	$25	0.01 Lot	0.01 Lot
Platforms	Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac	Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5
Risk Warning	67% of retail investor accounts lose money when trading CFDs with this provider.	Losses can exceed deposits	71% of retail investor accounts lose money when trading CFDs with this provider
	Visit eToro	Visit IC Markets	Visit AvaTrade

If you want to read more about eToro, we have put together an in-depth eToro review that explores their platform, spreads, and trading conditions in more detail.

If eToro does not match your criteria, have a look at the 10 best Binance alternatives below.