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Binance vs Poloniex 2019

Steven Hatzakis

Is Binance better than Poloniex? After assessing forex brokers on nearly 100 different features, both Binance and Poloniex are rated 3.50 stars.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Review Rankings

Feature Binance Poloniex
Overall 3.5 3.5
Comissions and Fees 4 4
offering of Investments 4 4
Platforms and Tools 3.5 3
Mobile Trading 3 3

Exchange Overview

Feature Binance Poloniex
Trust Score 75 93
Licensed or Regulated
No Yes
Accepts US Citizens (Residents or Persons)
Yes Yes
Active Trader or Premium/VIP
No Yes
Regulated in Emerging Hub
No No
Regulated in Major Hub
No Yes
Private Company
Yes Yes
Publicly-Traded Company (Listed)
No No
Minimum Initial Deposit
0 btc $0
Fixed bid/ask spreads
No No
Variable bid/ask spreads
Yes Yes

Security

Feature Binance Poloniex
Offers Two Factor Authentication (2FA)
Yes Yes
Offers Hosted Wallet
Yes Yes
Offers Wallet Hosted on Client-side
No No
Private keys can be exported
No No
Offers Passphrase or other recovery methods
No No
Holds Clients Funds in Cold Storage
Yes Yes
Offers Insurance on USD wallet
No No
Requires email verification for new login
Yes Yes

Pairs Offered

Feature Binance Poloniex
BTC/USD (or USD/BTC)
No No
BTC/USDT (or USDT/BTC)
Yes Yes
BTC/EUR (or EUR/BTC)
No No
BTC/ETH (or ETH/BTC)
Yes Yes
ETH/USD (or USD/ETH)
No No
ETH/EUR (or EUR/ETH)
No No
ETH/LTC (or LTC/ETH)
Yes No
LTC/USD (or USD/LTC)
No No
LTC/EUR (or EUR/LTC)
No No
LTC/BTC (or BTC/LTC)
Yes Yes
Offers Additional Crypto-to-Fiat pairs
No No
Offers Additional Crypto-to-Crypto pairs
Yes Yes
Offers Additional Fiat-to-Fiat pairs
No No

Trading Tools

Feature Binance Poloniex
Charting - Candlestick or Line Charts
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawing Tools
Yes No
Charting - Indicators/Studies
16 5
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop-Loss/Take-Profit
Yes Yes
QR Address Code Generator
Yes Yes
QR Address Code Reader
Yes Yes
Platform - Proprietary
Yes Yes
Platform - Third-Party
No No
Platform - Desktop
Yes No
Platform - web-based
Yes Yes
News Headlines
Yes No
Watchlist
Yes Yes
Demo account offered
No No
Depth Chart
Yes Yes
Order Book
Yes Yes
Winner check_circle

Mobile Trading

Feature Binance Poloniex
Android App
Yes Yes
iPhone App
No Yes
Alerts
No No
Watch List Syncing
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Line Charts
Yes Yes
Charting - Candle Stick
Yes No
Charting - Drawing Tools
No No
Charting - Indicators/Studies
7 0
Pin Code or Fingerprint Login
Yes Yes
QR code reader
Yes Yes
QR code generator
Yes Yes
Winner check_circle

Overall

Feature Binance Poloniex
Overall 3.5 3.5
Winner check_circle
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare Binance vs Poloniex.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both Binance and Poloniex hold a 4.00 star rating.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Neither Binance and Poloniex are regulated in a major hub. Binance nor Poloniex are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Both Binance and Poloniex provide traders with access to total currency pairs.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Neither Binance and Poloniex offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Binance and Poloniex offer the same number of charting tools, . Both Binance and Poloniex provide clients with access to total indicators (eg, moving averages).

Binance Review
Poloniex Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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