Binance Alternatives: Pros, Cons, And How It Stacks Up for 2024
This alternatives to Binance guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to Binance to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Binance like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their customers. If you feel that Binance is not quite right for you then it would be worth getting a demo account with a lot of the top Binance alternatives and check if they are a better fit for you before moving any money around.
The most complete guide to Binance alternatives on the web
There's a lot of reasons Binance may not be a good fit for your trading needs. For whatever reason you are hunting for the best Binance alternative or Binance competitor with better services, comparebrokers.org try to give you as much useful information so you can make an informed choice. Below you will discover the best Binance alternatives.
For each of the below alternative to Binance, we break down the key differences to Binance and for each platform feature show you the best alternatives. For each Binance alternative trading platform shown we also have detailed trading platform reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unhappy with Binance, discover some great alternative brokersbrokers|online trading platforms|brokerages.
Having a reputable and dependable broker is crucial to your trading success. All of the Binance alternative platforms listed in this Binance alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
Binance has a minimum desposit of $100, you should see how the minimum deposit requirements of Binance compare with the minimum deposit requirements of Binance competitors. Brokers often offer lower minimum deposits to get users to test them out, but having higher a minimum deposit requirement isn’t always a bad thing, it all comes down to your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
Binance |
$100 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 |
Alternatives Offering Demo Accounts
Binance offers demo accounts so you can learn their systems before risking any real money. New traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the company’s features before getting a live account.
Below we detail some of the best alternatives to Binance that has demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Binance |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
Binance offers negative balance protection. It is especially offered while the market volatility prevents customers from allowing their accounts go into the red. In a situation like this, Binance provides the ability to reset a clients account balance to zero.
You are able to go through the critical terms and conditions on Binance's site to comprehend their policies.
Below we show some of the best alternatives to Binance that has negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
Binance |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
Binance unfortunately, doesn't offer guaranteed stop loss. Binance gives an opportunity to its dealers to close their trade at their given price. Aside from this, Binance doesn't provide guaranteed stop loss.
Below we show some of the top Binance alternatives that has guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
Binance |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
Binance do allow scalping. Many traders throughout the world choose Binance for their services that are trading. They offer trading on Desktop, Android, iPhone/iPad, Mac which let this.
Below we show some of the top alternatives to Binance that allow scalping functionality to their customers.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
Binance |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
Binance do permit hedging. Many traders across the world select Binance for their hedging services. They offer trading on Desktop, Android, iPhone/iPad, Mac.
Below we list some of the top alternatives to Binance that allow hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Binance |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Binance offers social trading which encompasses leading traders sharing their knowledge with the community. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading.
Below we list some of the best alternatives to Binance that offer social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
Binance |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Binance offers copy trading which gives access to leading traders sharing their knowledge with the community. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of social trading.
Below we show some of the best alternatives to Binance that allow copy trading to their users
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Binance |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare Binance To All Other Brokers