Golden Brokers vs Binance

Golden Brokers vs Binance Comparison Table 2024
Golden Brokers Binance
1.3

Golden Brokers is #13 in our CFD broker rankings.

3.5

Binance is #30 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.
United States Flag Traders from US accepted
United States Flag Traders from US accepted

Golden Brokers is a Malaysian headquartered forex and CFD broker established in 2016. The brand is regulated offshore by the Labuan Financial Services Authority. Retail traders can speculate on 700+ products via the MT5 platform with no commission and a choice of international payment methods.

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.

Comment by Reviewer
"Golden Brokers will appeal to traders looking for high leverage up to 1:1000 in return for limited regulatory safeguards. It will also appeal to traders familiar with MetaTrader 5." "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."
Pros
  • Multiple deposit methods including credit/debit card, wire transfer, Neteller and Dragonpay
  • Deposits accepted in all major currencies, though will be converted to USD at current market rates
  • Free demo account available to practise trading risk-free with $100,000 in virtual funds
  • No commission when you trade forex, indices and commodities
  • Some educational content and integrated video tutorials
  • 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
Cons
  • High trading fees with average spreads of 4 pips for major currency pairs such as the GBP/USD
  • Weak regulatory oversight from the LFSA raises safety concerns
  • No proprietary trading platform or mobile application
  • Reports of customers' funds being withheld
  • No live chat support
  • No contact support number
  • Some regulatory investigations
  • The crypto exchange has been hacked
Instruments
CFDs, Forex, Stocks, Commodities Cryptos
Demo Account
Yes No
Minimum Deposit
$100 $0
Trading Platforms
  • MT5
  • AlgoTrader
Payment Methods
Minimum Trade
0.01 Lots $10
Regulator
LFSC
Margin Trading
Yes Yes
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
No Yes
Spot Trading
No Yes
Mobile Apps
iOS & Android Yes
Copy Trading
Yes No
Social Trading
No No
Trade Signals
MT5 integrated
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
Yes No
Account Currencies
  • USD
  • UAH
Stock Exchanges
Commodities
CFD Trading
Trade 700+ products as CFDs on the powerful MetaTrader 5 platform. Access leverage up to 1:100 on major forex pairs with a 50% stop-out level on the standard account. CFD trading not offered
Leverage
1:100
FTSE Spread
5
GBPUSD Spread
3
Oil Spread
0.1
Stocks Spread
Variable
Forex Trading
Speculate on 60+ major, minor and exotic currency pairs such as EUR/AUD, USD/JPY and EUR/GBP with leverage up to 1:100. Fees are not the most competitive, with average spreads of between 3 and 5 pips for major forex pairs. Forex trading not offered
GBPUSD Spread
3
EURUSD Spread
3
EURGBP Spread
4
Assets
62
Cryptocurrency
Crypto trading not offered 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.
Spread
Variable fees with account tiers
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
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
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