Binance
orbex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Binance was founded in 2017 and is headquartered in Japan, while orbex was established in 2012 and is based in Cyprus. Binance holds licences including Unregulated, while orbex is regulated by Financial Conduct Authority (FCA) among others. Binance serves 13500000 clients worldwide; orbex has 10,000+. The minimum deposit is $100 at Binance and $250 at orbex.
| Feature | Binance | orbex |
|---|---|---|
| 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-F291 |
| Founded | 2017 | 2012 |
| Country | Japan | Cyprus |
| Clients | 13500000 | 10,000+ |
Fees
Fees are a critical factor when choosing between Binance and orbex, directly affecting your bottom line as a trader. Binance has a lower barrier to entry with a minimum deposit of $100 (vs $250 at orbex). Both brokers charge withdrawal fees. Binance charges deposit fees; orbex does not. Overall, Binance scores higher on fees in our assessment.
| Feature | Binance | orbex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Binance offers MT4, MT5, cTrader, a proprietary platform, while orbex supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Binance supports social and copy trading features, which orbex does not offer. Binance edges ahead on platform breadth and functionality in our scoring.
| Feature | Binance | orbex |
|---|---|---|
| MT4 | Yes | No |
| 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 orbex compare. Binance runs regular live webinars; orbex does not. Both provide video tutorials. Binance publishes daily market commentary; orbex 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 | orbex |
|---|---|---|
| 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 orbex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). orbex uniquely supports PayPal and Skrill and Neteller among the two brokers. orbex scores higher on deposit and withdrawal flexibility.
| Feature | Binance | orbex |
|---|---|---|
| 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 orbex offer live chat support. Both provide phone support. Email support is available at both brokers. Binance supports 2 languages and orbex supports 8, giving orbex broader global reach. Both brokers are comparable on support quality.
| Feature | Binance | orbex |
|---|---|---|
| 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 |