Binance vs FP Markets, Updated for 2024
Binance Rating
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FP Markets Rating
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Your capital is at risk |
Losses can exceed deposits |
Binance vs FP Markets Guide |
Read our In-Depth Binance vs FP Markets Review - Updated for 2024
Our comprehensive analysis of Binance and FP Markets has been refreshed to reflect any changes for 2024 by seasoned professionals boasting years of financial experience across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of Binance vs FP Markets does not apply to all countries as follows:
Binance Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
FP Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Binance vs FP Markets
All online trading platforms will have a few pros and cons, so a complete Binance and FP Markets review cannnot be regarded as thorough without adopting an objective perspective.
Assess Binance and FP Markets to get a better understanding of just how they line up against each other prior to you decide to create an account. Performing a comprehensive comparison helps to bring aspects into perspective in order that you remain aware of the expectations.
So you are looking for a reputable broker and are choosing between Binance or FP Markets. Who is better in 2024?
Our Binance vs FP Markets comparison contains the most recent information so you can easily compare FP Markets against Binance.
If you're a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You'll get proficient at all the concepts of broker since you continue trading. For starters, you need to select the ideal agent who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. Binance and FP Markets are just two such stages that will take you and your investment into great heights. It's crucial to compare Binance vs FP Markets before you trust them with your money.
Our Binance vs FP Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Binance and FP Markets side by side.
Our entire Binance vs FP Markets Review covers everything you need to know about trading with either Binance or FP Markets. A good broker can multiply your initial investments and give you favorable profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire method to ensure profits; thus, you should carefully assess your broker before you select them. It's a common misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.
Binance and FP Markets are both brokers that have paved their way successfully to the broker world. Within this review, we've attempted to collate a number of the important facets of both Binance and FP Markets. This review can help you to understand whether either FP Markets or Binance is a fantastic match for your investments or not. We've tried to breakdown all the features and charges for your advantage.
Benefits of Binance and FP Markets Compared
Binance offers a minimum deposit of $100 while FP Markets has a $100 minimum deposit.
Why smaller minimum deposits are good and how Binance and FP Markets compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Binance allows you to trade around 52 financial instruments while FP Markets has around 52 on their platform.
The more instruments you can trade on the Binance and FP Markets platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of Binance or FP Markets.
Binance and FP Markets Contact Details
Being able to contact your broker through many ways is important. Binance and FP Markets have the following contact details and social medias that you can use.
Broker | Binance | FP Markets |
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Telephone Number | +1 929 228 3440 | +44 28 2544 7780 |
support@binance.com | supportteam@fpmarkets.com | |
Address | Melita Court Level 3 Triq Giuseppe Cali Ta' Xbiex XBX 1420 Malta | First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines |
Binance Twitter Account | FP Markets Twitter Account | |
Binance Facebook Page | FP Markets Facebook Page | |
Binance Instagram Account | FP Markets Instagram Account | |
Binance LinkedIn Page | FP Markets LinkedIn Page | |
YouTube | Binance YouTube Channel | FP Markets YouTube Channel |
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FP Markets and Binance Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of Binance and FP Markets we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Binance vs FP Markets - Awards
Broker | Binance | FP Markets |
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Awards | At the time of writing this Binance review, and despite Binance’s impressive offering, the company has surprisingly not garnered any awards to date. |
FP Markets have won numerous industry awards over the time they have been running as an online trading platform. We list the most notable awards for FP Markets here.
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Binance vs FP Markets - Frequently Asked Questions
Binance vs FP Markets - Headquarters And Year Of Founding
Binance was founded in 2017 and has its head office in Japan.
FP Markets was founded in 2005 and has its head office in Australia.
What is the minimum deposit for FP Markets or Binance
The minimum deposit for Binance is $100.
The minimum deposit for FP Markets is $100.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Binance and FP Markets are a good option.
Binance vs FP Markets - Regulation And Licencing In More Detail
Binance is regulated by Unregulated.
FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).
Binance is unregulated but FP Markets has a powerful collection of rules for ensuring honest trading on its own platforms. For data encryption functions, they supply industry-standard secure socket layer (SSL).
In accordance with their individual privacy policy, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare Binance vs FP Markets Commission And Fees
Binance and FP Markets are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the number of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 different types of penalties for this purpose.
The first kind of charges to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In these cases, you are paying a spread, funding rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are people who are charged when you maintain a leveraged position for longer than daily.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake on your accounts. They are billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither Binance or FP Markets charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by Binance and FP Markets are relatively lower. Consequently, you're billed more for non-trading activities on your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of resources.
This Binance vs FP Markets review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For Binance And FP Markets
Broker | Binance | FP Markets |
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Minimum Deposit | $100 | $100 |
Withdrawal Fees | Yes | No |
Inactivity Fees | No | No |
Deposit Fees | Yes | Yes |
CFD Fees | No | Yes |
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What Languages Do Binance And FP Markets Support?
Being able to communicate completely with your online broker is a key element when comparing trading platforms to find your perfect broker. Not only for support but to be sure you understand everything on their website and inside their app as it is a key factor to success when trading forex.
Below you can find the languages that both Binance and FP Markets offer communication in.
Broker | Binance | FP Markets |
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Languages Supported | English, and Chinese | |
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How Many Clients Do Binance and FP Markets Have?
Both Binance and FP Markets are well known and trusted. It is important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many users Binance and FP Markets are active on their platform
Broker | Binance | FP Markets |
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Clients / Users | 13500000 | 10,000+ |
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What Payment Methods Do Binance and FP Markets Accept?
Binance and FP Markets both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Binance and FP Markets
Broker | Binance | FP Markets |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | Yes |
Skrill | No | Yes |
Payoneer | Yes | No |
Neteller | No | Yes |
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What Can You Trade With Binance and FP Markets?
Binance offers 52 trading instruments and FP Markets offers 100.
Below you will find a full breakdown of what both Binance and FP Markets offer.
Binance Review
Binance vs FP Markets:
Table Of Contents
- Compare Binance vs FP Markets
- Benefits of Binance and FP Markets Compared
- FP Markets and Binance Mobile App Comparison
- Binance vs FP Markets - Awards
- Binance vs FP Markets - Frequently Asked Questions
- What is the minimum deposit for FP Markets or Binance
- Binance vs FP Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For Binance And FP Markets
- What Languages Do Binance And FP Markets Support?
- How Many Clients Do Binance and FP Markets Have?
- What Payment Methods Do Binance and FP Markets Accept?
- What Can You Trade With Binance and FP Markets?