Exness & Binance Comparison
Exness is a leading global Forex broker with a growing cryptocurrency offering, and Binance is the largest cryptocurrency exchange globally, but which one should you trust with your cryptocurrency portfolios?
I have conducted an in-depth comparison of Exness vs. Binance to determine which presents the better overall choice and which types of traders will benefit the most at each broker.
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Headquarters | Malta | Cyprus |
Regulators | AMF, ASIC, CNMV, CONSOB, FMA, KNF, SEC, SFSA | CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2017 | 2008 |
Execution Type(s) | Market Maker | Market Maker |
Minimum Deposit | $0 | $10 (based on the account type) |
Negative Balance Protection | ||
Trading Platform(s) | Other, Proprietary platform, Web-based+ | MetaTrader 4, MetaTrader 5, Proprietary platform |
Average Trading Cost EUR/USD | N/A | 0.6 pips |
Average Trading Cost GBP/USD | N/A | 0.7 pips |
Average Trading Cost WTI Crude Oil | N/A | 6.7 pips |
Average Trading Cost Gold | N/A | 11.3 pips |
Retail Loss Rate | Undisclosed | Undisclosed |
Minimum Raw Spreads | N/A | 0.0 pips |
Minimum Standard Spreads | N/A | 0.3 pips |
Minimum Commission for Forex | N/A | $7.00 per 1.0 standard round lot |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website | Visit Website |
A snapshot of the most notable advantages of Exness:
- Ultra-low trading fees
- Swap-free trading on all cryptocurrencies.
- $5+ trillion in monthly trading volume.
- 1.9 billion executed trades in 2023.
- 800,000+ active traders
- 64,000+ partners
- Instant withdrawals
- VPS hosting and API trading
- Demo account
A snapshot of the most notable advantages of Binance:
- The world’s leading cryptocurrency exchange with 190M+ traders globally.
- An average daily trading volume of $65+ billion.
- The most competitive cryptocurrency ecosystem.
- 300+ assets with low transaction fees.
- Algorithmic trading support & API trading.
- Copy trading functionality
- It remains true to the cryptocurrency vision of privacy.
- An open dialogue with its clients.
Features & Platforms
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MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | ||
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Visit Website | Visit Website |
Available Markets
N/A N/A Visit Website Visit Website
Exness offers a choice of synthetic Bitcoin crosses, ETH/USD, and LTC/USD, but here is why Binance is a better choice for pure cryptocurrency traders:
- Focused on the Top 100 cryptocurrencies by market capitalization.
- 300+ assets
- Highly liquid meme coins
- Digital tokens
- DeFi solutions
- Liquid staking
- Gaming
Typical Spreads & Fees
N/A 0.6 pips N/A 0.7 pips N/A 6.7 pips N/A 11.3 pips 0.018% to 0.10% 161.1 pips N/A 0.0 pips N/A 0.3 pips N/A $7.00 per 1.0 standard round lot No Visit Website Visit Website
Exness and Binance have competitive trading fees, but which one is cheaper?
Exness has ultra-low trading fees, with Bitcoin costs as low as $24. This gives it the cost advantage over Binance, which has competitive maker-and-taker fees of 0.1000% or 0.0750% for BNB-denominated transactions.
Account Types
Exness and Binance have low-cost commission-based account types and demo accounts, and both brokers offer algorithmic and copy trading.
Main Account Structure Differences between Exness and Binance
- Exness has lower trading fees, resulting in more profits per trade using identical trading strategies and volumes.
- Exness has more copy trading solutions.
- Exness has more account options.
- Binance offers instant loans secured by cryptocurrencies.
Minimum Deposit
How Difficult Is It to Deposit at Exness vs. Binance?
Exness and Binance have no minimum deposit, ensuring accessibility and flexibility in account management. The better-priced Exness accounts require a minimum deposit of $500. Binance asks for a 30-day trading volume exceeding $4B before offering its lowest fees, using its native BNB coin as a payment method.
Minimum Withdrawal
Which Withdrawal Process Is Better and Faster: Exness or Binance?
Exness does not have the minimum withdrawal requirements or internal withdrawal fees that apply at Binance and depend on the asset. Withdrawal processing times are fast at Exness and Binance, but Exness maintains a minor edge with its withdrawal infrastructure, which features withdrawals without manual approval for verified traders and payment processors.
Security & Trust
United Arab Emirates, Australia, Bahrain, Spain, France, Indonesia, Italy, Japan, Kazakhstan, Lithuania, Mexico, New Zealand, Poland, Sweden, Thailand, South Africa Cyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, Curaçao AMF, ASIC, CNMV, CONSOB, FMA, KNF, SEC, SFSA CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA N/A SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162 1,1,1,1,1,1,5,5,5,2,1,2,1,1,2,2,4,2 N/A Visit Website Visit Website
Which Broker Is More Secure and Trustworthy?
Exness offers negative balance protection with automatic close-outs. Binance allows 24/7 asset verification via proof of reserves using Merkle Tree and zk-SNARKs. Exness and Binance are industry-leading brokers and cryptocurrency exchanges, and I rank both on par in security and trust.
Binance versus Exness Verdict
Exness
Pros | Cons |
Instant withdrawals from a trusted broker with numerous payment processors | No beginner education |
High level of transparency and financial audits by Big Four accountancy Deloitte | |
Multi-regulated broker with outstanding order and volume statistics | |
24/7 multi-lingual customer service |
Binance
Pros | Cons |
Trusted exchange with its own cryptocurrency and low trading fees | Beginners face a learning curve due to the scope of products and services |
350+ assets, plus options and futures trading, staking, and NFTs | |
Cutting-edge trading platform, algorithmic trading, and API support | |
P2P trading via bank transfers or 800+ options |
Is Exness or Binance Better for Cryptocurrency Traders?
Exness and Binance rank among industry leaders with algorithmic and copy trading support and cutting-edge trading environments. API trading is also available at Exness and Binance.
My Verdict
While Binance offers more cryptocurrencies, Exness is the overall better choice due to lower trading fees. Exness offers ultra-low trading fees, a choice of highly liquid assets, excellent trading execution statistics, and a cutting-edge trading infrastructure. Exness ranks among the most trusted Forex brokers with an excellent track record, superb regulation in trader-friendly jurisdictions, and outstanding transparency. Binance is the leading cryptocurrency exchange and the only one true to the cryptocurrency vision of privacy with an unbeatable ecosystem that fully supports a genuine cryptocurrency lifestyle. It depends on what traders seek from their broker, but Exness ranks among the top in each category relevant for a competitive trading environment.FAQs
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