Binance vs FXCM

Binance vs FXCM Comparison Table 2023
Binance	FXCM
Review 3.8 Binance is #29 in our crypto broker rankings. 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 3.5
Traders from US accepted	Traders from US not accepted
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.	FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa.
Comment by Reviewer
"Binance is good for active crypto investors looking to trade big tokens like Bitcoin plus niche coins with low fees."	"FXCM is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets."
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	A choice for 4 powerful platforms including MT4, Capitalise.AI and the broker's proprietary solution Premium support and custom solutions in the Active Trader professional account Excellent trading tools including a market scanner, forex signals and access to reputable research site, eFXplus Strong selection of educational materials including a new trader guide, market outlook reports and free webinars Impressive global regulatory status with 4 reputable licenses with the FCA, ASIC, CySEC and FSCA A range of funding methods including bank cards, Apple Pay and PayPal, with instant processing times
Cons
No contact support number Some regulatory investigations The crypto exchange has been hacked	Live chat support is unreliable Not the widest range of assets or trading vehicles
Instruments
Cryptos	Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
No	Yes
Minimum Deposit
$0	£300
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 Debit Card Klarna POLi
Minimum Trade
$10	Varies by asset
Regulator
	FCA, CySEC, ASIC.
Margin Trading
Yes	Yes
MetaTrader 4
No	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
Yes	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	Yes
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	Yes
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	Yes
Market Maker
No	Yes
P2P Trading
Yes	No
Spot Trading
Yes	No
Mobile Apps
Yes	iOS and Android
Copy Trading
No	Yes
Copy Trading Platform
	FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
UAH	USD EUR GBP CAD AUD ZAR CHF
Stock Exchanges
	Euronext IBEX 35 Russell 2000
Commodities
	Cannabis Gold Oil Silver
CFD Trading
CFD trading not offered	Trade a range of CFD instruments on one of FXCM's multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions.
Leverage
	1:30
FTSE Spread
	1.18 pts var*
GBPUSD Spread
	0.5 pips*
Oil Spread
	0.05 (var)*
Stocks Spread
	0.2% Var*
Forex Trading
Forex trading not offered	Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms.
GBPUSD Spread
	0.5 pips var*
EURUSD Spread
	0.2 pips var*
EURGBP Spread
	0.5 pips var*
Assets
	40
Currency Indices
	JPY
Cryptocurrency
Binance is one of the world's leading crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace.	Trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade.
Spread
Variable fees with account tiers	Variable
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	BTC ETH LTC BTC
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

Review	Review
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