eToro vs Binance, Who's The Best?
Read our In-Depth eToro vs Binance Review - 2024 Update
Our review comparing eToro and Binance has been revised for 2024 from knowledgeable insiders boasting considerable financial experience across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of eToro vs Binance does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Binance Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs Binance
Each trading platforms has certain ups and downs, and a complete eToro and Binance review would not be complete without embracing a balanced approach.
Examine Binance and eToro to understand just how they line up with one another prior to you decide to open an account. Performing a side-by-side comparison helps to place factors into perspective in order that you're informed about the expectations.
So you are looking for a broker and are choosing between eToro or Binance. Who is better in 2024?
Our eToro vs Binance comparison contains the most recent information so you can easily compare Binance against eToro.
If you're a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will get proficient at all of the concepts of brokerage as you keep trading. For starters, you have to choose the ideal broker who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. eToro and Binance are two such platforms that will take you and your investment to great heights. It's crucial to compare eToro vs Binance until you trust them with your cash.
Our eToro vs Binance comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and Binance side by side.
Our entire eToro vs Binance Review covers all you will need to know about trading using either eToro or Binance. A fantastic broker can multiply your initial investments and give you positive profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you choose them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
eToro and Binance are both brokers that have paved their way successfully into the broker world. Within this review, we have tried to collate some of the vital aspects of both eToro and Binance. This review can allow you to understand whether either Binance or eToro is a fantastic match for your own investments or not. We've tried to breakdown all of the features and fees for your advantage.
Benefits of eToro and Binance Compared
eToro offers a minimum deposit of $50 while Binance offers a $100 minimum deposit.
Why smaller minimum deposits are good and how eToro 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.
eToro allows you to trade around 100 financial instruments whilst Binance allows you to trade around 100 financial instruments on their platform.
The more financial instruments you can trade on the eToro 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 never want to miss out on a trading opportunity due to the limitations of eToro or Binance.
eToro and Binance Contact Details
Being able to contact a broker through many ways is a sign of a professional broker. eToro and Binance have the following contact details and social medias that you can use.
Broker | eToro | Binance |
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Telephone Number | +1 929 228 3440 | |
support@etoro.com | support@binance.com | |
Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | Melita Court Level 3 Triq Giuseppe Cali Ta' Xbiex XBX 1420 Malta |
eToro Twitter Account | Binance Twitter Account | |
eToro Facebook Page | Binance Facebook Page | |
eToro Instagram Account | Binance Instagram Account | |
eToro LinkedIn Page | Binance LinkedIn Page | |
YouTube | eToro YouTube Channel | Binance YouTube Channel |
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Binance and eToro 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 eToro and Binance we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
eToro vs Binance - Awards
Broker | eToro | Binance |
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Awards |
eToro have won many industry awards over the years they have been running as an online trading platform. We detail the most recognised awards for eToro here.
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At the time of writing this Binance review, and despite Binance’s impressive offering, the company has surprisingly not garnered any awards to date. |
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eToro vs Binance - Frequently Asked Questions
eToro vs Binance - Headquarters And Year Of Founding
eToro was founded in 2007 and has its headquaters in Cyprus, UK.
Binance was founded in 2017 and has its headquaters in Japan.
What is the minimum deposit for Binance or eToro
The minimum deposit for eToro is $50.
The minimum deposit for Binance is $100.
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 eToro and Binance are a good choice.
eToro vs Binance - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Binance is regulated by Unregulated.
Binance is unregulated but eToro has a strong set of rules for ensuring fair trading on its individual platforms. For data encryption functions, they provide industry-standard secure socket layer (SSL).
In accordance with their individual privacy regulation, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare eToro vs Binance Commission And Fees
eToro 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 companies of online brokerages are scaled much better. In other words, an internet broker isn't necessarily influenced by the amount of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 different types of fees for this purpose.
The first sort of charges to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these cases, you are paying a spread, financing rate, or even a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Funding or overnight prices are people who are billed when you maintain a leveraged position for more than a day.
Apart from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your account. They are billed for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither eToro or Binance charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who often trade, such as daily or weekly trading.
However, non-trading fees charged by eToro and Binance are relatively higher. Consequently, you're charged more for non-trading activities on your trading accounts, such as deposits and withdrawal. These are not related to the purchase and sale of resources.
This eToro vs Binance review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For eToro And Binance
What Languages Do eToro And Binance Support?
Being able to chat completely with your trading platform is a key way of comparing online brokers to find the best broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading online.
Below you will find all the languages that both eToro and Binance offer communication in.
How Many Clients Do eToro and Binance Have?
Both eToro and Binance are well known and trusted. It is important to work with an online broker you can trust 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 eToro and Binance are working with
What Payment Methods Do eToro and Binance Accept?
eToro 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 eToro and Binance
What Can You Trade With eToro and Binance?
eToro offers 100 trading instruments and Binance offers 52.
Below you will find a full breakdown of what both eToro and Binance offer.
eToro Review
eToro vs Binance:
Table Of Contents
- Compare eToro vs Binance
- Benefits of eToro and Binance Compared
- Binance and eToro Mobile App Comparison
- eToro vs Binance - Awards
- eToro vs Binance - Frequently Asked Questions
- What is the minimum deposit for Binance or eToro
- eToro vs Binance - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And Binance
- What Languages Do eToro And Binance Support?
- How Many Clients Do eToro and Binance Have?
- What Payment Methods Do eToro and Binance Accept?
- What Can You Trade With eToro and Binance?