Binance vs 7Bforex
| Binance | 7Bforex |
|---|---|
3.5
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
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1.8
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Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives. |
7Bforex is a broker-dealer geared towards Nigerian traders, offering a sign-up bonus and the MT4 platform. |
| Bonus Offer | |
| ₦10,000 Welcome Bonus | |
| Comment by Reviewer | |
| "Binance will appeal to crypto investors looking to trade big tokens like Bitcoin plus niche coins with low fees. However, regulatory action and questionable handling of customer funds makes this firm too high-risk in our opinion." | |
| Pros | |
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| Cons | |
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| Instruments | |
| Cryptos | CFDs, Forex, Stocks, Indices, Commodities, Cryptos |
| Demo Account | |
| No | Yes |
| Minimum Deposit | |
| $0 | ₦5,000 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $10 | 0.01 Lots |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| Yes | No |
| Spot Trading | |
| Yes | No |
| Mobile Apps | |
| Yes | Android |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFD trading not offered | Leveraged CFDs can be used to go long or short on hundreds of popular markets. |
| Leverage | |
| 1:200 (Default), 1:1000 (Maximum) | |
| FTSE Spread | |
| From 2.1 pips (Standard) | |
| GBPUSD Spread | |
| From 2.1 pips (Standard) | |
| Oil Spread | |
| From 2.1 pips (Standard) | |
| Stocks Spread | |
| From 2.1 pips (Standard) | |
| Forex Trading | |
| Forex trading not offered | Trade a wide range of currency pairs with floating spreads. |
| GBPUSD Spread | |
| From 2.1 pips (Standard) | |
| EURUSD Spread | |
| From 2.1 pips (Standard) | |
| EURGBP Spread | |
| From 2.1 pips (Standard) | |
| Assets | |
| 60+ | |
| Cryptocurrency | |
| Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace. | Trade crypto-fiat pairs including major tokens like Bitcoin. |
| Spread | |
| Variable fees with account tiers | From 2.1 pips (Standard) |
| Coins | |
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| Crypto Lending | |
| Yes | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| Yes | No |
| Auto Market Maker | |
| No | No |
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| More Comparisons | |
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Binance vs |
7Bforex vs |