Binance vs Robinhood
| Binance | Robinhood |
|---|---|
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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0.9
We do not recommend trading with Robinhood. Their business practices have harmed traders and their "free" trading offer has been criticized for actually costing their traders millions of dollars.
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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. |
Robinhood is a stock broker and financial services firm based in California. The broker offers commission-free stocks, cryptos and ETFs, plus other products such as cash cards and retirement accounts. Despite its robust regulation, Robinhood has been involved in numerous scandals and security breaches since 2020. We urge investors to exercise caution. |
| Customer Reviews | |
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1
Based on 1 Robinhood customer reviews
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| 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." | "Robinhood is aimed at traders looking for stocks and crypto investing opportunities with additional perks. However, the brokerage's recent business practices mean the brand isn't a good option if you want a reliable and trustworthy broker." |
| Pros | |
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| Cons | |
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| Instruments | |
| Cryptos | Stocks, ETFs, ADRs |
| Demo Account | |
| No | No |
| Minimum Deposit | |
| $0 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $10 | $1 |
| Regulator | |
| SEC, FCA | |
| Margin Trading | |
| Yes | No |
| Margin Rate | |
| 2.5% | |
| 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 | iOS & Android |
| Auto Trading | |
| No | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | No |
| 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 | No |
| Account Currencies | |
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| 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. | Access 18 crypto assets through the Robinhood app with no commission fees, including access to Bitcoin. On the negative side, the selection is not as wide as other brands and security is weak. |
| Spread | |
| Variable fees with account tiers | 0% |
| 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 |
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