Binance
fxglobe
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Overview
Binance was founded in 2017 and is headquartered in Japan, while fxglobe was established in 2012 and is based in Malta. Binance holds licences including Unregulated, while fxglobe is regulated by Financial Conduct Authority (FCA) among others. Binance serves 13500000 clients worldwide; fxglobe has 10,000+. The minimum deposit is $100 at Binance and $250 at fxglobe.
| Feature | Binance | fxglobe |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F243 |
| Founded | 2017 | 2012 |
| Country | Japan | Malta |
| Clients | 13500000 | 10,000+ |
Fees
Fees are a critical factor when choosing between Binance and fxglobe, directly affecting your bottom line as a trader. Binance has a lower barrier to entry with a minimum deposit of $100 (vs $250 at fxglobe). Both brokers charge withdrawal fees. fxglobe applies inactivity fees on dormant accounts; Binance does not. Binance charges deposit fees; fxglobe does not. Overall, Binance scores higher on fees in our assessment.
| Feature | Binance | fxglobe |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Binance offers MT4, MT5, cTrader, a proprietary platform, while fxglobe supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Binance supports social and copy trading features, which fxglobe does not offer. Binance edges ahead on platform breadth and functionality in our scoring.
| Feature | Binance | fxglobe |
|---|---|---|
| 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 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Binance and fxglobe compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Binance scores higher overall in education and research.
| Feature | Binance | fxglobe |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
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 fxglobe supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxglobe uniquely supports PayPal and Skrill and Neteller among the two brokers. fxglobe scores higher on deposit and withdrawal flexibility.
| Feature | Binance | fxglobe |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Binance and fxglobe offer live chat support. Both provide phone support. Email support is available at both brokers. Binance supports 2 languages and fxglobe supports 8, giving fxglobe broader global reach. Both brokers are comparable on support quality.
| Feature | Binance | fxglobe |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |