In this Binance Review, we are going to take a look at the offer that this broker prepared for its traders. Binance operates on the financial market since 2017. The Binance minimum deposit is 15 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this Binance Review
Website address: | binance.com |
Operated by: | Binance |
Licensed and authorised by regulatory bodies: | EEA CTF |
Supported languages: | English, German, Spanish, French, Italian and Portuguese |
Customer support available via: | E-mail, live-chat |
Contact details: | [email protected] N/A |
Available deposit methods: | Debit and Credit Cards, bank transfer, Simplex, Banxa |
Available withdrawal methods: | Debit and Credit Cards, bank transfer, Simplex, Banxa |
Minimum deposit: | 15 USD |
Min. trade in lots: | 0.01 |
Spreads: | Variable |
Tradable assets: Might be a CFD. | Forex, cryptocurrencies (40) |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | |
Social trading: |
Random reviews of competing FX & CFD brokers: XBTFX, Discovery-Forex, AvaTrade and Traders-Trust .eu
Frequently Asked Questions
🧐 Is Binance a Scam?
In accordance with our research, Binance is a broker licensed and regulated by the EEA and CTF. While it is a good thing that the broker is regulated, the EEA and CTF regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that Binance is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the Binance minimum deposit?
In order to start trading with Binance, you have to deposit at least 15 USD (Trading accounts can also be held in USD, EUR).
📵 What deposit and withdrawal methods Binance supports?
⚖️ Would you recommend me choosing Binance?
We don’t have our own personal experience with Binance. However, the broker is regulated by the EEA and CTF which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with Binance.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.