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Binance Guide – Read our In-Depth Binance Review

This Binance review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Binance review does not apply to US users.

This Binance review contains the latest information about Binance.

If you're a new entrant in the world of trading and broker, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You will get adept at all of the concepts of broker as you keep trading. For starters, you have to select the ideal agent who'll be clear with you always.

In this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan will create hefty returns. Binance is one such platform which will take you and your investment into great heights. It is crucial that you know all about Binance until you trust them with your money.

Binance review

Our entire Binance Review covers everything you need to learn about trading using Binance. A fantastic broker can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investment objectives.

There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully analyze your broker before you choose them. It's a frequent misconception that all agents will be the same, but that is not true. Wrong judgment, initially, can set your investments in danger.

Binance is a broker which has paved its way successfully to the broker world. In this review, we've attempted to collate some of the important aspects of Binance. This review can allow you to know whether Binance is a fantastic match for your own investments or not. We have tried to breakdown all the features and charges for your convenience.

Binance Review, Table Of Contents

Who are Binance?

Binance is a forex broker headquartered in Australia and provides a range of instruments for trading. Since its inception in 2011, Binance has emerged as a top-tier player in the industry of online brokerage. Binance includes an extremely aggressive and full-featured trading website that's focused on currency, indices, metals, sharesand commodities.

Over the past 10 years, Binance has grown into one of the leading online brokers.

After launching in 2011, their client base is becoming as large as 10,000+ clients.

Binance is the favorite for many traders.. Our Binance review discovered that they are an excellent choice for automated trading solutions. It's best suited for investors that are looking for a variety of assets. Social and automated trading options are the core at Binance.

Technology plays a significant role in Binance. Binance offers trading on Desktop,Android,iPhone/iPad,Mac. Binance is fair, transparent, and a well-regulated agent by the Unregulated. Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.

The trader resource department at Binance is very insightful for new traders since it allows them to have a closer look in the financial markets. Binance caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.

Benefits of trading with Binance?

Trading with Binance comes with numerous benefits. These advantages are what sets Binance ahead of the rest of the online agents. You should check all of the benefits listed so that you have a better comprehension of Binance.

The broker goes to great lengths to comprehend what traders want. Consequently, the support price is low, fast, and convenient. The agent also gives a number of programs for all types of traders. Binance ensures that the individual needs of all online traders are duly met.

Binance also features excellent trading conditions which are readily available to only an elite group of institutional customers. The tight spreads and quick executions are a great advantage for those traders. The technology embraced by Binance is of the maximum caliber, ensuring that it is fast, reliable, and efficient.

Binance admits the importance of having a quick order execution. A quick execution will allow users to exchange without fretting about slippage safely. It will also help the traders to grab the maximum profitable opportunities.

Automated trading is another important aspect of Binance. A new dealer can learn from industry experts utilizing the automated trading alternative. The tight spread begins from as low as 0.0 pips, though they are offered for only razor accounts.

Binance has over 52 trading instruments to support all types of traders. These instruments are dynamic and convenient for both the new and seasoned traders. The dealers can put aside all their concerns when trading with Binance.

Binance overview

Year Founded: 2011

Regulated By: Unregulated

Hedquarters: Australia

Minimum Deposit: $100

Number Of Clients: 10,000+

Your capital is at risk

If you feel that Binance is not right for you then at the bottom of this Binance review you wil find a lot of alternatives to Binance.

What you ought to know about trading using Binance

Binance is a dynamic platform that offers various techniques of trading online. These instruments cover the financial markets substantially. Most of the brokerage platforms offer less approaches than Binance

If you want to trade with Binance, you will need a minimum deposit of $100. This deposit is required if you would like to begin trading with Binance. This 2021 Binance review will direct you clearly about trading with them.

Binance is as versatile as any other brokerage platform. Binance is excellent for traders who want a manageable selection of cheap services. The programs offered by Binance are third party, white-label offerings. All traders can pick from Desktop,Android,iPhone/iPad,Mac.

Together with everything, Binance has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a trade must be kept available. The brokers offer premium customer service that rewards clients with benefits.

Many unethical brokers try to pressurise customers into larger funding for premium services. Binance, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater advantages will come along.

Binance accounts are available globally and provides quality service everywhere they have customers. There are a few countries where Binance accounts are not available. Traders in the following countries cannot open or use a Binance account:

Is Binance Safe To Trade With?

Established in 2006, Binance has been operating for 10 years, they are headquarted in Australia.

Binance is regulated by Unregulated. These figures have rules that make sure that trading platforms have ploicies in place to maintain investor's resources secured. This means that Binance users don't need to be worried about their money since it's segregated and safely kept in banks that are established. SSL encryption simplifies each user's personal information also.

You can make use of a choice for 2 Factor Authentications (2FA) with Binance for heightened safety. An SMS for the confirmation code will be sent to a mobile phone. You'll be required to input this code to log into your accounts.

Another concern with financial brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is much more prevalent in the case of Market Maker agents who compete with users on the stage.

Pro's & Con's Of Trading With Binance

Every online trading platform has some pros and cons Binance review would be complete without showing both sides. This Binance review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Binance Pro's

  • Binance is trusted by 10,000+ clients
  • Binance doesn't charge withdrawal fees
  • Binance doesn't charge inactivity fees
  • Binance doesn't charge deposit fees
  • Binance doesn't charge CFD fees
  • Binance offer trading on Desktop,Android,iPhone/iPad,Mac
  • Binance offer 52 trading instruments
  • Binance offers trading on cryptocurrencies
  • Binance can communicate in

Binance Con's

  • Binance does not offer Negative Balance Protection
  • Binance does not offer Guaranteed Stop Loss
  • Binance doesn't trade major forex pairs
  • Binance doesn't trade minor forex pairs
  • Binance doesn't trade exotic forex pairs

Binance Review - Compare Brokers Similar To Binance

Binance Chase Bank Ayondo Degiro
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $100 $100 $1 $0
Year Founded 2011 1975 2008 1934
Headquarters Australia United States London Netherlands
Regulated By Unregulated Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)
Clients 10,000+ 10,000+ 10,000+ 600,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Losses can exceed deposits Your capital is at risk

Binance Review - Regulation And Licencing In More Detail

Binance is regulated by Unregulated.

Binance, as a company, has a strong collection of rules for ensuring fair trading on its platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).

As per the organization's privacy regulations, client data is to not be shared with some other institutions or individuals. Including credit history and other financial details.

Binance Review - Awards

    At the time of writing this Binance review, they had not received any awards.

Binance Review - Minimum Deposit Required

The minimum deposit you must deposit to get started on Binance is $100. This is a decent amount for people just beginning. It's possible to make more advanced residue as you cooperate. But, make certain that you know how to make the most of your money before investing in larger sums.

Binance Review - Commission And Fees Explained

Binance is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the number of clients they have.

But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 types of penalties for this purpose.

The first sort of fees to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In these instances, you are spending a spread, financing rate, or a commission. The sorts of trading fees and the rates vary from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those that are charged when you hold a leveraged position for more than daily.

Aside from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake in your account. They are charged for surgeries like depositing cash, not investing for long periods, or withdrawals.

Generally, Binance doesn't charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly exchange, such as weekly or daily trading.

However, non-trading fees billed by Binance are comparatively competitive. Consequently, you are billed more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not about the purchase and sale of assets.

This Binance review breaks down every one of the applicable non-trading charges for you in detail.

Compare broker fees against Binance

Binance Chase Bank Ayondo Degiro
Minimum Deposit $100 $100 $1 $0
Withdrawal Fees $25 $35 variable No variable
Inactivity Fees No
Deposit Fees No
CFD Fees

Binance Review - Withdrawal Fees Explained

Binance doesn't charge withdrawal fees

Withdrawal of cash is possible at any time from your Binance account. It's possible to draw up sums to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to remember is that you don't necessarily need to have any cash on your account.

Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn money will be sent to the card. Binance will ask you to provide other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you're withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you are choosing to withdraw in.

Binance Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your mind when open an account with Binance. An inactivity fee is an amount charged to registered dealers who haven't engaged in buying or selling for some time. The period regarded as inactive is determined by the agent.

The inactivity fee also differs from one broker to another and is not generalized. If a traders account doesn't have a purchasing or selling trade, it is maintained by the agent as an inactivity charge. The traders need to pay this commission under conditions and terms they had consented while registering.

Binance doesn't charge inactivity fees so you are free to pop in and out of your account as needed

Even if no charges have been implied by Binance, it's best that you close the account if you're inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.

For additional trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is exposed to a lot of conditions and should be disclosed clearly by the broker beforehand.

Binance Review - Deposit Fees Explained

When you move money into your trading account by the bank account, a deposit fee can be charged by the broker. Most brokers don't charge an excessive amount of money for this particular operation.

Binance doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the Binance trading platform is simple. You just have to complete a single-user profile survey to start depositing money into your trading account. You will have to provide an identity proof and proof of residency to deposit substantial amounts.

Binance Review - Compare Broker Deposit Methods

Binance Chase Bank Ayondo Degiro
Minimum Deposit $100 $100 $1 $0
Credit Card

What Can You trade With Binance?

Note: Binance offers many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will differ depending on the country of residence of the client.

Binance has a wide variety of over 52 instruments available for you to trade with.

If trading forex pairs is of interest to you then Binance offer over forex pairs.

Compare Binance, Chase Bank, Ayondo & Degiro below.

Binance Chase Bank Ayondo Degiro
Platforms Desktop, Android, iPhone/iPad, Mac Desktop, Android, iPhone/iPad, Mac Web Trader, MetaTrader 4
Instruments Available 52 72 100 84
Forex & Crypto
Forex Pairs Available 40 0
Offers Major Forex Pairs? No No Yes No
Offers Minor Forex Pairs? No No Yes No
Offers Exotic Forex Pairs? No No Yes No
Offers Cryptocurrencies? Yes No No No
Commodity CFD's
Commodities Offered 0 0 6 0
Trade Metals? No No Yes
Trade Energies? No No Yes
Trade Agricultural? No No Yes
Indiced & Stock CFDs
Stocks Offered 0 6 0
Trade UK Shares? No No Yes
Trade US Shares? No No Yes
Trade German Shares? No No Yes
Trade Japanese Shares? No No Yes

Your capital is at risk

Your capital is at risk

Losses can exceed deposits

Your capital is at risk

Alternatives To Binance

If, after studying this Binance review, Binance does not quite meet your requirements check out these Binance alternatives.

We have scoured the web to find the best alternatives to Binance. Click the links below to find out more.

Frequently Asked Questions about Binance

Can I try Binance before I buy?

Yes, you can most certainly try Binance before you buy. Binance offers demo accounts for the ease of beginner traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.

If you register for a demonstration account on Binance, you will set out with a decent amount of virtual money. It is to establish a feeling of safety and confidence in you before you choose to invest your own money.

With this digital Binancedemo account, you are able to experiment at all, to whatever length you wish. You can even open positions, test different trading strategies, and much more.

Binance specifies on its official site which you are able to trade real time stocks in a demo account.

Is Binance safe?

It is possible to drop all of your worries since we believe that Binance is completely safe to use. It is in compliance with the rules of Unregulated.

Nevertheless, Binance does not provide assured stop-loss protection.

Why does Binance ask for my passport?

The reason that Binance asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Binance has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Binance must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with Binance?

The process to start trading withBinance is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Binance website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Binance is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with Binance.

The best way to kickstart your trading career with Binance is to open a demo account facility before risking any real money

What funding methods do Binance accept?

There are a number of ways to finance your account with Binance. The process is effortless and quick, with different payment methods in your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal isn't available in every place. The monies Binance

Is my money safe with Binance?

Yes, your money is safe and protected with Binance. As you know, Binance operates with good conformation to. It has established lots of measures to protect all its own investors.

Binance safeguards its customers' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you wish to further safeguard your account, it is possible to enable Two-Step Verification as well. It takes an SMS confirmation that you access your accounts.

Is Binance trading good?

Yes, trading via Binance is a pleasant and good experience indeed. It is an excellent and intuitive platform with helpful features for your simplicity. In addition, you can even gain access to a huge selection of educational resources and assistive material to kickstart your trading experience.

If you remain skeptical, it is possible to open a eToro demo account and assess the credibility of the platform for yourself.

Which Countries does Binance support?

Binance operates around the world. However, due to regulations there are some countries that Binance does not accept clients resident in

Is Binance legit?

Binance is a legit company headquarted in Australia since 2011. They are regulated by Unregulated. Binance is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is Binance a good broker?

Binance is an excellent broker, and its users may vouch for it. The highlight of this platform is its quick order execution on transactions.

You will find the clean layout of the platform along with the commendable features that a pleasure to work with.

Is Binance a trustworthy broker?

Yes, Binance is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for Binance?

The minimum deposit to open a live account with Binance is $100

How long do Binance withdrawals take?

Normally, withdrawal of money from Binance is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Binance to show in your bank account.

Are Binance regulated?

Binance are regulated by Unregulated

Is Binance a market leading broker?

Binance is indisputably among the business leaders. It supports over 10,000+ registered customers and over 10 years of experience on its own record. They are among the world's leading trading platforms and also a prominent figure in the Fintech revolution.

It simplifies this standing to its incredible platform and broad selection of tools plus resources so that you may put money into capital markets.

Is Binance a con?

No, Binance is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that Binance is not a scam.

Can you make money with Binance?

Using Binance, many traders earn a great deal of cash. But on average, through continual trading, you can create between 2% - 10% profit a month.

This can look to be a little number, but over the entire year, this adds to a significant amount of gains. Even though Binance provide you all the tools to earn money, they cannot guarantee that you will gain.

Does Binance have fees?

Yes. To start trading using Binance, you need to deposit $100. Certain commissions while trading also applies. Any processing fees from your bank will have to be incurred by you.

When was Binance founded?

Binance was founded in 2011 in Australia. Binance is regulated by Unregulated.

How many people use Binance?

Binance is a worldwide recognised broker with 10,000+ customers.

Where is the Binance head office?

Binance has its head office in Australia

Does Binance offer negative balance protection?

No. Binance does not offer negative balance protection. If your balance is unfavorable, Binance indicates that you contact client services. With this, you are able to fix any imbalances within your account.

Does Binance offer guaranteed stop loss?

Binance unfortunately, does not offer guaranteed stop loss. Binance provides a chance for its traders to close their trade at their specified price. Aside from that, Binance doesn't provide guaranteed stop loss.

Does Binance allow scalping?

Yes, Binance do permit scalping. Several traders across the world choose Binance due to their scalping services. They offer trading on Desktop,Android,iPhone/iPad,Mac which allow this.

Does Binance allow hedging?

Yes, Binance does allow hedging.

Can you trade energies with Binance?

No, unfortunately you cannot trade energy stock with Binance

Can you trade agricultural shares with Binance?

No, unfortunately you cannot trade agricultural stock with Binance

Can you trade cryptocurrency with Binance?

Yes, you can trade cryptocurrency with Binance

Can you trade metals with Binance?

No, unfortunately you cannot trade metals with Binance

Can you trade UK Shares with Binance?

No, unfortunately you cannot trade UK shares with Binance

Can you trade US Shares with Binance?

No, unfortunately you cannot trade US shares with Binance

Can you trade Japanese Shares with Binance?

No, unfortunately you cannot trade Japanese shares with Binance

Can you trade German Shares with Binance?

No, unfortunately you cannot trade German shares with Binance

Does Binance accept bank transfers?

No, Binance does not accept bank transfers.

Does Binance accept credit cards?

No, Binance does not accept credit cards.

Does Binance accept PayPal?

No, Binance does not accept PayPal.

Does Binance accept Skrill?

No, Binance does not accept Skrill.

Does Binance accept Payoneer?

No, Binance does not accept Payoneer.

Does Binance accept Neteller?

No, Binance does not accept Neteller.

Does Binance offer Live Chat customer support?

No, Binance does not offer customer support through live chat.

Does Binance offer phone customer support?

No, Binance does not offer customer support over the telephone.

Does Binance offer email customer support?

No, Binance does not offer customer support through email.

What languages can Binance communicate in?

Binance has the ability to communicate and support customers who speak:

Does Binance have a wikipedia page?

No, Binance does not have an official wikipedia page.

Does Binance offer demo accounts?

Yes, Binance offers demo accounts so you can learn their systems before risking any real money.