Binance
City Of Investment
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Overview
Binance was founded in 2017 and is headquartered in Japan, while City Of Investment was established in 2009 and is based in United Kingdom. Binance holds licences including Unregulated, while City Of Investment is regulated by Financial Markets Authority (FMA) among others. Binance serves 13500000 clients worldwide; City Of Investment has 10,000+. The minimum deposit is $100 at Binance and $3000 at City Of Investment.
| Feature | Binance | City Of Investment |
|---|---|---|
| Min. Deposit | $100 | $3000 |
| Regulation | Unregulated | Financial Markets Authority (FMA) |
| Founded | 2017 | 2009 |
| Country | Japan | United Kingdom |
| Clients | 13500000 | 10,000+ |
Fees
Fees are a critical factor when choosing between Binance and City Of Investment, directly affecting your bottom line as a trader. Binance has a lower barrier to entry with a minimum deposit of $100 (vs $3000 at City Of Investment). Both brokers charge withdrawal fees. City Of Investment applies inactivity fees on dormant accounts; Binance does not. Binance charges deposit fees; City Of Investment does not. Overall, Binance scores higher on fees in our assessment.
| Feature | Binance | City Of Investment |
|---|---|---|
| Min. Deposit | $100 | $3000 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Binance offers MT4, MT5, cTrader, a proprietary platform, while City Of Investment supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Binance supports social and copy trading features, which City Of Investment does not offer. Binance edges ahead on platform breadth and functionality in our scoring.
| Feature | Binance | City Of Investment |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop, Android, iPhone/iPad, Mac | Android Apps,iPhone/iPad,Desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Binance and City Of Investment compare. Binance runs regular live webinars; City Of Investment does not. Both provide video tutorials. Binance publishes daily market commentary; City Of Investment 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 | Binance | City Of Investment |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Binance accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while City Of Investment supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Binance | City Of Investment |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Binance and City Of Investment offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Binance | City Of Investment |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |