Binance review
Binance is a Multi-Assets Trading Platform with over 52+ Assets
Binance is a multi asset platform with 52+ tradable Assets.
Assets available on Binance include Forex trading, Spread Betting, Social trading, .
Binance trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Spread Betting, Social trading, are considered financial assets.
Features of Binance
- Social Trading available
- Copy Trading available
- Binance offers Advanced Financial Chart comparison tools
- Binance offers Research-backed analysis on financial markets and investments from top analysts
- The Binance platform is available to use on multiple devices inclding Apple Mac computers, and online through a Web Browser.
- Binance offers an easy to use trading platform with tools for both New Traders and Seasoned Experts
- Binance users benefit from using the Binance platform in over 15 different languages
Binance review
What you should know
Binance offer four ways to trade: Forex trading, Spread Betting, Social trading, .
With Binance you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Binance platform.
Binance are able to accommodate various levels of traders whether you are experienced or a beginner.
Are Binance safe?
When choosing a broker like Binance the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in 2011, and in operation for 10 years Binance have a head office in Australia.
Binance is not regulated. This means Binance are not supervised by any regulatory bodies.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Binance, this will be honored.
Your capital is at risk
Is my money safe with Binance?
Any payments funded to Binance accounts by traders are held in a segregated bank account.
For added security Binance use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
What are Tier 1 banks and why should Binance use them?
A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.
What does it mean to have your funds in Binance deposited in a Tier 1 bank?
Having any money you deposit with Binance means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Binance goes out of business for some reason.
Therefore, we can safely conclude that Binance is secure and safe.
That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.
While trading in financial investments, losing money rapidly due to trading Forex trading, Spread Betting, Social trading, is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Binance also clearly state on their platform that Your capital is at risk.
Now that we have answered some important questions regrding Binance. let us look at the Binance features in more detail.
Try creating two accounts when you are working with Binance. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit Binance
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How Binance as a Company Compare Against Other Brokers
Broker |
binance
![]() |
eToro
![]() |
IC Markets
![]() |
XTB
![]() |
Year Established | 2011 | 2007 | 2007 | 2002 |
Head Office | Australia | Cyprus, UK | Australia | Poland |
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) | 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) |
Used By | 10,000+ Binance users | 20,000,000+ eToro users | 180,000+ IC Markets users | 250,000+ XTB users |
Negative balance protection | Yes | Yes | Yes | |
Guaranteed Stop Loss | No | No | No | |
Learn More | Visit Binance | Visit eToro | Visit IC Markets | Visit XTB |
Risk Warning | Your capital is at risk | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. |
Binance review
Binance Pros and Cons
Binance review
Binance Regulation and Licensing in more detail
Binance are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like Binance that are not regulated yet appear to be legitimate.
Binance maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with Binance you are not guarenteed help in a difficult situation.
- Unregulated
Is Binance Global?
Yes, Binance is global as Binance is available in over 194 countries.
Binance is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Binance covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Binance has a total of more than 10,000 users.
Binance review
Binance Fees Explained
- Binance withdrawal fees varies on payment method
- Binance does charge a fee for inactive accounts.
- Binance does charge deposit fees.
Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.
How Binance Fees Compare Against Other Brokers
Broker |
binance
![]() |
eToro
![]() |
IC Markets
![]() |
XTB
![]() |
Min Deposit | 100 | 200 | 200 | 0 |
Withdrawal Fees | $25 – $35 | Yes | No | varies |
Inactivity Fees | Yes | No | No | |
Deposit Fees | No | Varies | No | |
CFD Commission Fees | No | Yes | Yes |
Binance Minimum Deposit
Binance require a minimum desposit of 100 GBP/USD when opening an Binance trading account.
A minimum deposit is the minimum amount of money required by Binance to open a new online brokerage account with them.
Dont be scared off by brokers like Binance charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.
Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.
Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.
Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.
As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.
Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.
Binance Withdrawal Fees
Binance withdrawal fees vary depending on your selected withdrawal payment method.
Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.
This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.
Binance for example allow you to withdraw your funds to Crypto deposit, Bank Deposit, Credit cards, Debit Cards, PTP Trading, Banxa, Simplex.
Binance Inactivity Fees
Binance does charge a fee for inactive accounts.
An account inactivity fee is a fee charged to the registered brokerage client.
Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.
If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.
Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.
If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.
Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.
Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.
Binance Desposit Fees
Binance does charge deposit fees.
You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.
Binance Commission Fees
Binance does charge commission on CFD instruments.
A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.
A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.
Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.
Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.
If a market order is not fulfilled by your brokerage usually no commission is charged.
Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.
Binance review
What can you trade with Binance?
Be aware that Different entities under Binance Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.
You can trade a wide variety of instruments with Binance over 52 instruments infact.
If you are looking for Forex brokers to trade currency pairs on global Forex markets Binance offer over currency pairs.
Compare Binance with eToro and IC Markets below.
How Binance Trading Options Compare Against Other Brokers
Broker |
binance
![]() |
eToro
![]() |
IC Markets
![]() |
XTB
![]() |
Instruments Available | 52 | 2000 | 232 | 4000 |
Platforms | Desktop,Android,iPhone/iPad,Mac | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps |
FX / Currencies | ||||
Forex pairs offered | 50 | 65 | 57 | |
Major Forex pairs | No | Yes | Yes | Yes |
Minor Forex pairs | No | Yes | Yes | Yes |
Exotic Forex pairs | No | Yes | Yes | Yes |
Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | Yes |
Commodity CFDs | ||||
Commodities Offered | 0 | 31 | 19 | 21 |
Metals | No | Yes | Yes | Yes |
Energies | No | Yes | Yes | Yes |
Agricultural | No | Yes | Yes | Yes |
Indiced & Stock CFDs | ||||
Stocks Offered | 2042 | 110 | 1696 | |
UK Shares | No | Yes | No | Yes |
US Shares | No | Yes | Yes | Yes |
German Shares | No | Yes | Yes | Yes |
Japanese Shares | No | Yes | Yes | Yes |
Risk Warning |
Visit Binance
Your capital is at risk |
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider. |
Visit IC Markets
Losses can exceed deposits |
Visit XTB
79% 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. |
Binance review
Trading on Binance web platforms and other applications
Binance offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.
An Binance IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device
Binance also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.
See Binance's platformsIs the Binance Trading Platform Secure?
Binance safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Binance also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Binance.
Binance Trading Platform Options
Binance does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.
Binance offer an their own custom trading platform developed and tested in house. The Binance trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades.
The Binance platform allows traders to filter the financial marketplace for trade opportunities that match a criteria.
With Binance you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Binance platform including news and quotes. Discover possible trades with the strong charting tools found with Binance. Binance is available as downloadable applications or online through the cloud. Monitor your orders with Binance and receive breaking news in your positions.
Binance Trading benefits
- Low min deposit
Binance Trading Accounts Offered
Below we give an overview on the account types that Binance offer. Whatever you are looking to trade the varying Binance account types will be able to provide you with what you need.
- Standard account
- Managed account
Can I try Binance before I buy?
Binance offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade
Your capital is at risk
Binance withdrawal and funding methods
Please note that the list of Binance payment methods below depend on the Binance Entity and the Clients Country of Residence.
All available Binance payment methods available to you can be found in your Binance members area checked on the Binance website.
Binance offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about Binance
Binance Payment Methods
- Binance accepts Crypto deposit
- Binance accepts Bank Deposit
- Binance accepts Credit cards
- Binance accepts Debit Cards
- Binance accepts PTP Trading
- Binance accepts Banxa
- Binance accepts Simplex
Broker |
binance
![]() |
eToro
![]() |
IC Markets
![]() |
XTB
![]() |
Bank transfer | Yes | Yes | Yes | Yes |
Credit Cards | Yes | Yes | Yes | Yes |
Paypal | No | Yes | Yes | Yes |
Skrill | No | Yes | Yes | Yes |
Payoneer | No | Yes | No | Yes |
Neteller | No | Yes | Yes | Yes |
*please note available Binance and other broker payment methods depend on the clients country of residence.
How can I start trading with Binance?
When opening a trading account with Binance, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Binance trading platforms here. You will need to provide some basic documentation to prove your identity as part of Binance onboarding and normal KYC identity checks. These checks are standard practice and help Binance provide a safe financial environment for their 10,000 users.
Your capital is at risk
Performing trades with Binance
Binance allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Binance allow you to execute a maxium trade of varies.
As a market maker, Binance may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the instruments.
Education resources at Binance
To trade effectively with Binance, it's important to get a have a good understanding of the Binance trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with Binance and externally.
Binance offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.
Having an analytical approach may be a good way to approach trading with Binance.
Take time to look around the Binance platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.
Customer Support at Binance
As part of our Binance review we review customer service options, response times and Binance trading platform problem resolution effectiveness.Binance support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
Binance have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Binance less customer support features compared to other brokers like live chat, phone and email support. Live chat support supports a limited amount of Languages.
Livechat Support at Binance
We tested the Binance live chat and it works well. We sent messages to Binance livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.
We tested communicating with Binance support in multiple languages in multiple countries. Binance where able to resolve our customer issues.
Email Support at Binance
Binance does not offer Email Support.
Phone Support at Binance
Binance does not offer Phone Support.
See how Binance Support Compares Against Other Brokers
Broker |
binance
![]() |
eToro
![]() |
IC Markets
![]() |
XTB
![]() |
Support |
|
|
|
|
Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish |
Learn More | Visit Binance | Visit eToro | Visit IC Markets | Visit XTB |
Risk Warning | Your capital is at risk | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. |
What you will need to open an account with Binance
As Binance is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:
Be aware Please kindly note that the expiration date of Proof of address document for different entities under Binance Brand may be different.
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.
While you might be able to explore Binance's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Binance you can visit the Binance trading platform here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.binance.com/ on April 16, 2021.
Is Binance A Good Broker?
We spent over 3 months examining Binance in depth. Although we found some very useful aspects of the Binance platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Binance broker.
- Binance have a good track record of offering Forex trading, Spread Betting, Social trading, .
- Binance has a history of over 10 years.
- Binance has a reasonable sized customer support of at least 10.
- Binance are regulated by Unregulated. This means Binance fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Binance have regulation from a Tier 1 reputable country.
- Binance has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Binance have an international presence in multiple countries. This includes local Binance seminars and training.
- Binance are able to hire people from various locations in the world who can better communicate in your local language.
Binance Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.
Binance not quite right?
If after reading this Binance review, Binance does not fulfill your needs check out these Binance Alternatives.
Click here to view the best Binance Alternatives
We have spent years researching the best alternatives to Binance. Click the links below to learn more.
If you feel some of the above Binance are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Binance alternatives below.
- eToro Review
- IC Markets Review
- XTB Review
- AvaTrade Review
- Roboforex Review
- FP Markets Review
- Plus500 Review
- Pepperstone Review
- easyMarkets Review
- XM Review
- FXPrimus Review
- SpreadEx Review
- Forex.com Review
- City Index Review
- ThinkMarkets Review
- NordFX Review
- Markets.com Review
- HYCM Review
- Axitrader Review
- Swissquote Review
- ForexMart Review
- Eightcap Review
- Admiral Markets Review
- ForTrade Review
- FxPro Review
- Phoenix Markets Review
- ETFinance Review
- Trading 212 Review
Related Binance Vs Comparisons
We have covered allot in this Binance review, If you want to see how Binance compares side by side with other brokers check out our Binance Vs pages.
If you would like to see how Binance stands up against other brokers you can read some of our Binance comparisons below. We compare side by side some of our top rated Binance versus comparisons. Read our indepth Binance VS pages below.
- Binance vs eToro
- Binance vs ICMarkets
- Binance vs XTB
- Binance vs AvaTrade
- Binance vs Roboforex
- Binance vs FPMarkets
- Binance vs Plus500
- Binance vs Pepperstone
- Binance vs easyMarkets
- Binance vs XM
- Binance vs FXPrimus
- Binance vs SpreadEx
- Binance vs Forex.com
- Binance vs CityIndex
- Binance vs ThinkMarkets
- Binance vs NordFX
- Binance vs Markets.com
- Binance vs HYCM
- Binance vs Axitrader
- Binance vs Swissquote
- Binance vs ForexMart
- Binance vs Eightcap
- Binance vs AdmiralMarkets
- Binance vs ForTrade
- Binance vs FxPro
- Binance vs PhoenixMarkets
- Binance vs ETFinance
- Binance vs Trading212
Binance review
BINANCE Frequently Asked Questions
Read our detailed Binance FAQ Section updated for 2021.
Can I try Binance before I buy?
Binance do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do Binance accept?
Please note that the list of payment methods below depend on the Binance Entity and the Clients Country of Residence.
Binance offer the following funding payment methods Crypto deposit, Bank Deposit, Credit cards, Debit Cards, PTP Trading, Banxa, Simplex, among other payment methods.
Learn more here
Is Binance safe?
While Binance may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to Binance accounts by traders are held in a segregated bank account. For added security Binance use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
Your capital is at risk
Is Binance trading good?
Binance is considered good and reputable to trade with Binance. Binance is used by over 10,000 active traders and Binance users. Binance offers Forex trading, Spread Betting trading, Social trading, and trading. Minimum deposit with Binance is 100.
Is Binance trading Legit?
Binance was founded in Australia in 2011. Binance has been facilitating trade on the financial markets for over 10 years. Binance offers clients Forex trading, Spread Betting trading, Social trading, and trading. All funds deposited to Binance are held in segregated tier 1 bank accounts for security. Binance is not regulated. Although this doesnt mean Binance are awful, we recommend trading with regulated brokers.
Is Binance a good broker?
Binance is overseen by the top tier financial regulators Unregulated so can be considered a good broker. Binance allows Forex trading, Spread Betting trading, Social trading, and trading.
Is Binance trustworthy broker?
While having many plus points because Binance is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.
What is the minimum deposit for Binance?
The minimum deposit to trade with Binance is 100.
How long do Binance withdrawals take?
Withdrawing money from Binance processing time varies but averages 2-5 days.
Is Binance regulated?
Binance is not regulated by a top tier financial regulator.
Is Binance a market maker?
Binance is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.
How can I start trading with Binance?
When opening a trading account with Binance, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Binance trading platforms here.
Is my money safe with Binance?
Binance is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like Binance is the regulatory body and regulatory status of the broker.
Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Binance, this will be honored.
If they violate any regulatory rules their regulated status can be stripped.
Is Binance a con?
While we would noy say that Binance is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.
Can you make money with Binance?
Although traders have had great success with Binance. Trading on the financial markets with Binance is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does Binance have fees?
Binance withdrawal fees varies on payment method. Binance does charge a fee for inactive accounts. Binance does charge deposit fees.
When was Binance founded?
Binance was founded in 2011.
How many people use Binance?
Binance is used by over 10,000 registered Binance users.
What is Binance Headquarters country?
Binance has its head quarters office in Australia.
Does Binance offer negative balance protection?
Binance does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.
Does Binance offer guaranteed stop loss?
Binance does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does Binance allow scalping?
Binance does not offer scalping.
Does Binance allow hedging?
Binance does not offer hedging.
Does Binance offer CFD trading?
Binance does not offer CFD trading.
Does Binance offer STP?
Binance does not offer STP trading.
How many people use Binance?
Binance is used by over 10000 Binance users and traders.
Is Binance an ECN broker?
Binance does not offer ECN trading.
Does Binance offer a demo account?
Binance does not offer demo account.
Does Binance offer an Islamic account?
Binance does not offer Islamic accounts.
What are the funding methods for Binance?
Please note that funding methods and funding options available with Binance can be found in the Binance Members area and depend on the Binance client’s country of residence. Please check your specific available payment methods on the Binance website. Binance accept the following funding methods : Crypto deposit, Bank Deposit, Credit cards, Debit Cards, PTP Trading, Banxa, Simplex.