ThinkMarkets vs Binance, Who's The Best?
ThinkMarkets Rating: 8.03 / 10
Binance Rating: 5.88 / 10
71.89% of retail investor accounts lose money when trading CFDs with this provider.
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ThinkMarkets vs Binance Guide
Read our In-Depth ThinkMarkets vs Binance Review - Updated for 2022
This ThinkMarkets vs Binance review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this ThinkMarkets vs Binance review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
Binance Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a reputable broker and are choosing between ThinkMarkets or Binance. Which one is best in 2022?
This ThinkMarkets vs Binance review contains the latest information so you can easily compare Binance against ThinkMarkets.
If you are a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You'll get proficient at all of the concepts of brokerage as you continue trading. For starters, you need to choose the ideal agent who will be transparent with you always.
In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. ThinkMarkets and Binance are two such stages which will take you along with your investment to great heights. It is important that you compare ThinkMarkets vs Binance before you trust them with your cash.
Our ThinkMarkets vs Binance comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and Binance side by side.
Our full ThinkMarkets vs Binance Review covers everything you will need to know about trading using either ThinkMarkets or Binance. A fantastic agent can multiply your initial investments and give you positive profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire method to guarantee profits; thus, you must carefully assess your agent before you choose them. It's a frequent misconception that all agents will be the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
ThinkMarkets and Binance are both brokers that have found their way successfully to the broker world. Within this review, we've attempted to collate some of the vital aspects of both ThinkMarkets and Binance. This review will allow you to know whether either Binance or ThinkMarkets is a fantastic fit for your own investments or not. We have attempted to breakdown all of the features and charges for your convenience.
Compare ThinkMarkets vs Binance
Every online trading platform has some ups and downs, and no ThinkMarkets and Binance review would be complete without having a balanced approach. Compare ThinkMarkets and Binance to understand how they line up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of ThinkMarkets and Binance Compared
ThinkMarkets has a minimum deposit of $0 while Binance has a $100 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and Binance 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.
ThinkMarkets has around 1500 financial instruments whilst Binance has around 1500 on their platform.
The more financial instruments you can trade on the ThinkMarkets and Binance 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 should never want to miss out on a trading opportunity due to the limitations of ThinkMarkets or Binance.
ThinkMarkets and Binance Contact Details
Being able to contact a broker through many ways is vital. ThinkMarkets and Binance have the following contact details and social medias that you can use.
|Telephone Number||Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975||+1 929 228 3440|
|Address||Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom||Melita Court Level 3 Triq Giuseppe Cali Ta' Xbiex XBX 1420 Malta|
|ThinkMarkets Twitter Account||Binance Twitter Account|
|ThinkMarkets Facebook Page||Binance Facebook Page|
|ThinkMarkets Instagram Account||Binance Instagram Account|
|ThinkMarkets LinkedIn Page||Binance LinkedIn Page|
|YouTube||ThinkMarkets YouTube Channel||Binance YouTube Channel|
|Find Out More||
Binance and ThinkMarkets 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 ThinkMarkets and Binance 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 important that any trading app has user friendly capabilities especially with the
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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?
ThinkMarkets vs Binance - Awards
ThinkMarkets have won several industry awards over the years they have been running as an online broker. We list the most recognised awards for ThinkMarkets below.
|At the time of writing this Binance review, and despite Binance’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
ThinkMarkets vs Binance - Frequently Asked Questions
ThinkMarkets vs Binance - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
Binance was founded in 2017 and has its headquaters in Japan.
What is the minimum deposit for Binance or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for Binance 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 ThinkMarkets and Binance are a good option.
ThinkMarkets vs Binance - Regulation And Licencing In More Detail
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
Binance is regulated by Unregulated.
Binance is unregulated but ThinkMarkets has a strong collection of rules for ensuring honest trading onto its own platforms. For information encryption purposes, they provide industry-standard secure socket layer (SSL).
Compare ThinkMarkets vs Binance Commission And Fees
ThinkMarkets and Binance are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled better. That is, an internet broker is not necessarily influenced by the amount of customers they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three types of penalties for this objective.
The first kind of fees to keep an eye out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading charges. In such cases, you're paying a spread, financing speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people who are billed when you maintain a leveraged position for longer than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither ThinkMarkets or Binance charge high fees in comparison to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees charged by ThinkMarkets and Binance are relatively greater. As a result, you're charged more for non-trading actions on your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of assets.
This ThinkMarkets vs Binance review for 2022 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And Binance
What Languages Do ThinkMarkets And Binance Support?
Being able to chat easily with your trading broker is a key element when comparing brokers to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key factor to success when trading online.
Here you will find the languages that both ThinkMarkets and Binance support.
How Many Clients Do ThinkMarkets and Binance Have?
Both ThinkMarkets and Binance are well established with their client base. It is really important to work with an online broker that is professional and one of the most simple ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many clients ThinkMarkets and Binance have
|Clients / Users||475,000+||13500000|
|Find Out More||
What Payment Methods Do ThinkMarkets and Binance Accept?
ThinkMarkets and Binance 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 ThinkMarkets and Binance
What Can You Trade With ThinkMarkets and Binance?
ThinkMarkets offers 1500 trading instruments while Binance offers 52.
Below you will find a full breakdown of what both ThinkMarkets and Binance offer.
Compare ThinkMarkets To All Other Brokers
Compare Binance To All Other Brokers
ThinkMarkets vs Binance:
Table Of Contents
- Compare ThinkMarkets vs Binance
- Benefits of ThinkMarkets and Binance Compared
- Binance and ThinkMarkets Mobile App Comparison
- ThinkMarkets vs Binance - Awards
- ThinkMarkets vs Binance - Frequently Asked Questions
- What is the minimum deposit for Binance or ThinkMarkets
- ThinkMarkets vs Binance - Regulation And Licencing In More Detail
- Compare Broker Fees For ThinkMarkets And Binance
- What Languages Do ThinkMarkets And Binance Support?
- How Many Clients Do ThinkMarkets and Binance Have?
- What Payment Methods Do ThinkMarkets and Binance Accept?
- What Can You Trade With ThinkMarkets and Binance?