Binance
tastyworks
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 tastyworks was established in 2014 and is based in Belize. Binance holds licences including Unregulated, while tastyworks is regulated by Financial Conduct Authority (FCA) among others. Binance serves 13500000 clients worldwide; tastyworks has 150,000+. The minimum deposit is $100 at Binance and $250 at tastyworks.
| Feature | Binance | tastyworks |
|---|---|---|
| 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-F317 |
| Founded | 2017 | 2014 |
| Country | Japan | Belize |
| Clients | 13500000 | 150,000+ |
Fees
Fees are a critical factor when choosing between Binance and tastyworks, directly affecting your bottom line as a trader. Binance has a lower barrier to entry with a minimum deposit of $100 (vs $250 at tastyworks). Both brokers charge withdrawal fees. Binance charges deposit fees; tastyworks does not. Overall, Binance scores higher on fees in our assessment.
| Feature | Binance | tastyworks |
|---|---|---|
| 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 tastyworks supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Binance supports social and copy trading features, which tastyworks does not offer. Binance edges ahead on platform breadth and functionality in our scoring.
| Feature | Binance | tastyworks |
|---|---|---|
| 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 tastyworks 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 | tastyworks |
|---|---|---|
| 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 tastyworks supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). tastyworks uniquely supports PayPal and Skrill and Neteller among the two brokers. tastyworks scores higher on deposit and withdrawal flexibility.
| Feature | Binance | tastyworks |
|---|---|---|
| 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 tastyworks offer live chat support. Both provide phone support. Email support is available at both brokers. Binance supports 2 languages and tastyworks supports 8, giving tastyworks broader global reach. Both brokers are comparable on support quality.
| Feature | Binance | tastyworks |
|---|---|---|
| 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 |