AvaTrade
Binance
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Binance was established in 2017 and is based in Japan. AvaTrade holds licences including Central Bank of Ireland, while Binance is regulated by Unregulated among others. AvaTrade serves 200,000+ clients worldwide; Binance has 13500000. The minimum deposit is $250 at AvaTrade and $100 at Binance.
| Feature | AvaTrade | Binance |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Unregulated |
| Founded | 2006 | 2017 |
| Country | The British Virgin Islands | Japan |
| Clients | 200,000+ | 13500000 |
Fees
Fees are a critical factor when choosing between AvaTrade and Binance, directly affecting your bottom line as a trader. Binance has a lower barrier to entry with a minimum deposit of $100 (vs $250 at AvaTrade). Binance charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. Binance charges deposit fees; AvaTrade does not. Overall, Binance scores higher on fees in our assessment.
| Feature | AvaTrade | Binance |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while Binance supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. Binance edges ahead on platform breadth and functionality in our scoring.
| Feature | AvaTrade | Binance |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | Desktop, Android, iPhone/iPad, Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and Binance compare. Binance runs regular live webinars; AvaTrade does not. Both provide video tutorials. Binance publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. Binance maintains an archive of past webinars for on-demand viewing. Binance scores higher overall in education and research.
| Feature | AvaTrade | Binance |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Binance supports 2 (bank transfer, credit/debit card). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | Binance |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and Binance offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and Binance supports 2, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | Binance |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, and Chinese |