Binance vs IFC Markets

Binance vs IFC Markets Comparison Table 2024
Binance	IFC 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 2.9

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.	IFC Markets is an STP broker that was founded in 2006 and has since gained 200,000 clients and several awards. This broker has some of the most interesting and wide-ranging additional tools, elevating its clients' trading experience via portfolio quoting, personal composite instruments and extensive analytics.
Bonus Offer
	30% welcome bonus + 30% activity 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."	"I recommend this firm to users looking for new speculative opportunities and strategies not available at most brokers, including a blockchain-based proprietary platform and a bespoke synthetic instrument development tool. That said, it's a shame that the firm is not regulated by a more reputable authority."
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	Users can choose from the powerful MT4, MT5 or the firm's proprietary NetTradeX platform for all assets I appreciate that the broker offers beginner-friendly Micro accounts with a minimum deposit of just $1 The brokerage supports a unique system that allows clients to develop their own synthetic instruments IFC Markets clients can trade more than 600 instruments with fixed or floating spreads from 0.4 pips Clients have a wide range of payment methods and base currencies to choose from
Cons
No contact support number Some regulatory investigations The crypto exchange has been hacked	IFC Markets is regulated by the British Virgin Islands Financial Services Commission, a weak financial regulator I'm disappointed that several payment methods incur steep deposit and withdrawal fees of up to 20% GBP base currency isn't supported, so UK clients will have to pay hefty currency conversion fees
Awards
	Best Broker South East Asia 2020 - International Business Magazine
Instruments
Cryptos	Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds
Demo Account
No	Yes
Minimum Deposit
$0	$1, ¥100
Trading Platforms
AlgoTrader	MT4 MT5
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	Bitcoin Payments Bitwallet Credit Card JCB Card Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer
Minimum Trade
$10	0.01 Lots
Regulator
	BVI FSC, SC, Labuan Financial Services Authority
Margin Trading
Yes	No
STP Account
No	No
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	Yes
Auto Trading
	Yes (APIs)
Copy Trading
No	Yes
Copy Trading Platform
	Follow and profit from top traders using IFC Market's copy solution.
Social Trading
No	Yes
Trade Signals
	Yes (Via Chartist Software)
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	Yes
Account Currencies
UAH
Stock Exchanges
	Dow Jones Nasdaq Shanghai Stock Exchange
Commodities
	Cocoa Coffee Copper Corn Cotton Gold Orange Juice Palladium Silver Soybeans Wheat
CFD Trading
CFD trading not offered	IFC Markets clients can access CFDs across commodities, cryptos, indices and ETFs. I’m pleased to see that assets are all available on MT4, MT5 and NetTradeX with decent leverage rates of up to 1:400.
Leverage
	1:400
FTSE Spread
	300
GBPUSD Spread
	3
Oil Spread
	12
Stocks Spread
	Variable
Forex Trading
Forex trading not offered	I like that there’s a decent range of 50+ major, minor and exotic forex pairs available at IFC Markets, with just a $1 minimum deposit. That said, spreads are fixed from 1.8 pips, which isn’t the lowest I’ve seen.
GBPUSD Spread
	3
EURUSD Spread
	1.8
EURGBP Spread
	1.8
Assets
	50
Currency Indices
	USD EUR GBP JPY CAD
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.	IFC Markets also boasts a good selection of 15 cryptocurrency CFD pairs and I’m particularly impressed to see Bitcoin futures on offer. The free demo account is an excellent place to start if you want to practice your crypto trading strategies.
Spread
Variable fees with account tiers	50 pips
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
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

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