Binance vs XTB, Updated for 2024
Read our In-Depth Binance vs XTB Review - for 2024
This review comparing Binance and XTB has been refreshed to reflect any changes for 2024 from knowledgeable insiders with years of expertise across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Binance vs XTB 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.
XTB Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Binance vs XTB
Each online trading platforms has certain ups and downs, so any comprehensive Binance and XTB review would not be complete without embracing a fair assessment.
Compare Binance and XTB to understand just how they compare against one another prior to you choose to create an account. A comprehensive comparison helps to put things in perspective in order that you remain cognizant of what you should anticipate.
So you are looking for a reputable broker and are choosing between Binance or XTB. Who should you choose?
This Binance vs XTB comparison contains the latest information so you can easily compare XTB against Binance.
If you are a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You will get proficient at all of the concepts of broker since you continue trading. For starters, you have to select the ideal agent who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. Binance and XTB are just two such companies which will take you and your investment into great heights. It's crucial to compare Binance vs XTB before you trust them with your cash.
Our Binance vs XTB comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Binance and XTB side by side.
Our full Binance vs XTB Review covers all you need to know about trading with either Binance or XTB. A fantastic agent can multiply your first investments and give you favorable profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investing goals.
There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you select them. It is a frequent misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
Binance and XTB are both brokers which have forged their way successfully into the broker world. In this review, we've attempted to collate some of the vital facets of both Binance and XTB. This review will help you to know whether either XTB or Binance is a fantastic match for your own investments or not. We've attempted to breakdown all of the qualities and charges for your convenience.
Benefits of Binance and XTB Compared
Binance offers a minimum deposit of $100 while XTB offers a $0 minimum deposit.
Why smaller minimum deposits are good and how Binance and XTB 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 has around 52 financial instruments whilst XTB has around 52 available.
The more financial instruments you can trade on the Binance and XTB trading 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 seriously do not want to miss out on a trading opportunity due to the limitations of Binance or XTB.
Binance and XTB Contact Details
Being able to contact a broker through many ways is vital. Binance and XTB have the following contact details and social medias that you can use.
Broker | Binance | XTB |
---|---|---|
Telephone Number | +1 929 228 3440 | 020 3695 3085 |
support@binance.com | uksales@xtb.com | |
Address | Melita Court Level 3 Triq Giuseppe Cali Ta' Xbiex XBX 1420 Malta | Level 9, One Canada Square, Canary Wharf, E14 5AA |
Binance Twitter Account | XTB Twitter Account | |
Binance Facebook Page | XTB Facebook Page | |
Binance Instagram Account | XTB Instagram Account | |
Binance LinkedIn Page | XTB LinkedIn Page | |
YouTube | Binance YouTube Channel | XTB YouTube Channel |
Find Out More |
|
|
XTB and Binance Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of Binance and XTB we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. 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 have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
Binance vs XTB - Awards
Broker | Binance | XTB |
---|---|---|
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. |
XTB have won several industry awards over the time they have been operating as a financial broker. We show the most recognised awards for XTB below.
|
Find Out More |
|
|
Binance vs XTB - Frequently Asked Questions
Binance vs XTB - Headquarters And Year Of Founding
Binance was founded in 2017 and has its head office in Japan.
XTB was founded in 2002 and has its head office in Poland.
What is the minimum deposit for XTB or Binance
The minimum deposit for Binance is $100.
The minimum deposit for XTB is $0.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Binance and XTB are a good option.
Binance vs XTB - Regulation And Licencing In More Detail
Binance is regulated by Unregulated.
XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi├ó╦å┼í├óÔÇ░┬Ñn Nacional del Mercado de Valores, Komisja Nadzoru Finansowego.
Binance is unregulated but XTB has a strong collection of rules for ensuring fair trading on its platforms. For information encryption functions, they provide industry-standard secure socket layer (SSL).
As per their individual privacy regulation, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare Binance vs XTB Commission And Fees
Binance and XTB are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily influenced by the number of clients they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily three types of fees for this purpose.
The first kind of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're billed trading charges. In these instances, you are paying a spread, funding rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are people that are billed when you maintain a leveraged position for longer than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake on your accounts. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, neither Binance or XTB charge high fees in comparison to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who often trade, for example daily or weekly trading.
But, non-trading fees billed by Binance and XTB are comparatively greater. Consequently, you are billed more for non-trading actions on your trading account, like deposits and withdrawal. These aren't about the sale and purchase of assets.
This Binance vs XTB review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For Binance And XTB
What Languages Do Binance And XTB Support?
Being able to talk easily with your online platform is a key way of comparing online brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key factor to success when trading online.
Below you will find all the languages that both Binance and XTB offer communication in.
How Many Clients Do Binance and XTB Have?
Both Binance and XTB are well established with their client base. It is important to work with an online broker that is professional and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients Binance and XTB are active on their platform
What Payment Methods Do Binance and XTB Accept?
Binance and XTB 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 XTB
What Can You Trade With Binance and XTB?
Binance offers 52 trading instruments and XTB offers 1,500.
Below you will find a full breakdown of what both Binance and XTB offer.
Binance Review
Binance vs XTB:
Table Of Contents
- Compare Binance vs XTB
- Benefits of Binance and XTB Compared
- XTB and Binance Mobile App Comparison
- Binance vs XTB - Awards
- Binance vs XTB - Frequently Asked Questions
- What is the minimum deposit for XTB or Binance
- Binance vs XTB - Regulation And Licencing In More Detail
- Compare Broker Fees For Binance And XTB
- What Languages Do Binance And XTB Support?
- How Many Clients Do Binance and XTB Have?
- What Payment Methods Do Binance and XTB Accept?
- What Can You Trade With Binance and XTB?