Binance vs FXCM
Binance | FXCM |
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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.
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3.5
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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. |
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 | |
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Cons | |
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Instruments | |
Cryptos | Stocks, Spreadbetting, CFD, Forex, Crypto |
Demo Account | |
No | Yes |
Minimum Deposit | |
$0 | £300 |
Payment Methods | |
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 | |
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Stock Exchanges | |
Commodities | |
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 | |
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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 | |
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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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