Binary.com
Bittrex
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Overview
Binary.com was founded in 2014 and is headquartered in United States, while Bittrex was established in 2010 and is based in South Korea. Binary.com holds licences including Unregulated, while Bittrex is regulated by Securities and Exchange Commission (SEC) among others. Binary.com serves 10,000+ clients worldwide; Bittrex has 10,000+. The minimum deposit is $250 at Binary.com and $100 at Bittrex.
| Feature | Binary.com | Bittrex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Unregulated | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2014 | 2010 |
| Country | United States | South Korea |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Binary.com and Bittrex, directly affecting your bottom line as a trader. Bittrex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Binary.com). Binary.com charges withdrawal fees while Bittrex does not, a notable advantage for frequent withdrawers. Binary.com applies inactivity fees on dormant accounts; Bittrex does not. Binary.com charges deposit fees; Bittrex does not. Overall, Bittrex scores higher on fees in our assessment.
| Feature | Binary.com | Bittrex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Binary.com offers MT4, MT5, cTrader, while Bittrex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Binary.com supports social and copy trading features, which Bittrex does not offer. The two brokers are closely matched on platform offering.
| Feature | Binary.com | Bittrex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,iOS,MacBook,iPhone | MetaTrader 4, cTrader Platform |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Binary.com and Bittrex compare. Bittrex runs regular live webinars; Binary.com does not. Both provide video tutorials. Bittrex publishes daily market commentary; Binary.com does not. Both integrate third-party research tools. Bittrex maintains an archive of past webinars for on-demand viewing. Bittrex scores higher overall in education and research.
| Feature | Binary.com | Bittrex |
|---|---|---|
| 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. Binary.com accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Bittrex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Binary.com | Bittrex |
|---|---|---|
| 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 Binary.com and Bittrex 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 | Binary.com | Bittrex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |