Binance vs FP Markets

Binance vs FP Markets Comparison Table 2024
Binance	FP Markets
Review 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.	Review 4

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.	FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
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."	"We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs."
Pros
Over 350 crypto tokens are available with big names like Bitcoin and Ethereum Crypto derivatives are offered including options and futures Trade popular cryptos with high leverage up to 1:125 Binance Academy is a great resource for beginners The account opening process is straightforward There are no fees on fiat and crypto deposits 24/7 support is available via live chat	Regulated and reputable broker with ASIC and CySEC oversight Tight spreads available on both the standard and raw spread account Good range of additional tools and features including educational content, Myfxbook and Autochartist Excellent line-up of charting platforms including MT4, MT5, cTrader and TradingView Bespoke copy trading platform High leverage up to 1:500
Cons
No contact support number Some regulatory investigations The crypto exchange has been hacked	$55 subscription fee on IRESS accounts Withdrawal fees for some payment types Does not accept US customers
Awards
	Best Global Forex Value Broker 2019 - Global Forex Awards Best Quality of Trade Execution 2019 - Investment Trends
Instruments
Cryptos	CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
No	Yes
Minimum Deposit
$0	$100
Trading Platforms
AlgoTrader	MT4 MT5 cTrader TradingView AutoChartist TradingCentral
Payment Methods
ACH Transfer ADVcash Apple Pay AstroPay Banxa Bitcoin Payments Credit Card Etana Ethereum Payments Flutterwave Google Wallet Mastercard Paybis PayID PIX Payment Samsung Pay Simplex Vietcombank Transfer Visa Wire Transfer	Credit Card Dragonpay FasaPay Mastercard Neteller Perfect Money Skrill Visa Wire Transfer
Minimum Trade
$10	0.01 Lots
Regulator
	ASIC, CySEC, ESMA
Margin Trading
Yes	No
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
Yes	No
Spot Trading
Yes	Yes
Mobile Apps
Yes	iOS & Android
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system.
Social Trading
No	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	Yes
Account Currencies
UAH	USD EUR GBP CAD AUD JPY TRY CHF PLN CZK THB VND
Stock Exchanges
	Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq National Stock Exchange Of India New York Stock Exchange
Commodities
	Aluminium Copper Corn Gold Iron Natural Gas Oil Palladium Platinum Silver Soybeans Steel Wheat
CFD Trading
CFD trading not offered	FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds.
Leverage
	1:30 (UK), 1:500 (Global)
FTSE Spread
	1.64
GBPUSD Spread
	1.9 average
Oil Spread
	0.04
Stocks Spread
	Variable
Forex Trading
Forex trading not offered	FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity.
GBPUSD Spread
	1.9
EURUSD Spread
	1.1
EURGBP Spread
	1.7
Assets
	60+
Currency Indices
	USD
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.	Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens.
Spread
Variable fees with account tiers	Floating
Coins
DOGE VET USDT BTC BNB ETH VTHO ADA ONE SOL NEO LINK XLM NANO LTC BUSD HBAR ALGO MANA ZIL ENJ BCH MATIC EGLD HNT EOS QTUM RVN DAI IOTA ONT STORJ UNI ETC BAND OMG XTZ USDC ATOM DASH ICX BAT MKR OXT ZEC ZEN ZRX COMP WAVES KNC REP PAXG FIL WBTC THETA SHIB	ADA BCH BTC DOG DOT EOS ETH LNK LTX XRP SOL XLM
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

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